Tuesday, February 3, 2009

Scratch-old/new

What i Need to trade

Have a look at the markets and make your decision

 

I have indicators oscillators

trend lines and triangles

Position Size

data

Explore IG markets

Explore commodities in IG markets

US accounts-Post Pone

I will think of target price  later in the future so this will bring risk to reward ratio to the future as well

i am trying to sign into prorealtime

Here is a quick summary of my rules, and something that you can instantly implement:

- If the All-Ords is trending above it’s 30-week Exponential Moving Average (EMA), then I enter long positions.
- If the All-Ords is trending below it’s 30-week EMA, then I enter short positions.
- If the All-Ords is showing 7% or greater volatility, then I don’t enter any new positions.

 

I don't think that eliminating emotions is the objective - NOR do I even think it's necessarily a good thing.  For instance:  IF I am confused AND that causes me an emotional response of hesitation.  I actually want to see/feel that emotion - it becomes a warning to me that I should wait AND try to find more clarity to the chart/market - asking myself what needs to happen for me to take the next trade. 

Shift The Focus Of What The Emotion Represents

I understand the issue - WHAT IF the emotion is the norm instead of a warning of trading conditions.

  • make a list of your emotions/fears AND rank the extreme of the emotion

  • determine whether the emotion has reached an unwarranted extreme

  • shift the focus of what the emotion represents

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SteveCarnish

 

try not outthink the signals

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While watching the video feels like i should do back testing

have a look at the equity curve in backtesting

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Look for trading practice account

 

set the goal

setup reach our goal

 

Have a system that address all the areas of my trading this will remove lot of emotions and the have a trading practice account

 

Webinar

EQUIS Shawn Lucas

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