my SIm xperiment is over and i feel that I could trade live NQ after this.
4 years trading CL on off was differentt compared with NQ
Yeah I have another 7 rounds of SIM ..but I bored to do SIM...I prefer live trading
My win/lose ratio is 65% with the current set up.
In prevous posting my pass mark is 60%. Thats the 1st key
2nd keyto win this crazy trading game is to consistently apply the trading rules .
And I managed to follow the rules via some indicators with price actions.
Price actions alone is difficult for me..becoz intrepretation of situations differs...
So how to trade if the intrepretations/situations keep changing/confusing my judgment ??
So in my trading mind ---
""The indicators are the the rules and price actions is the trigger""
The 3rd key is the bottom line -the cold DOLLARs you may asked..
Well I dunno how to answer that becoz that is the market's job...
I hope I can get the financial freedom through 2 keys and let the 3rd keys hold by the crazy mkt
After done several live trades, NQ behaviour is different than CL, of course...
I have to put again 2 indicators on my NQ chart -- DMI and stochastic.
There are no sins using indicators I supposed...
Simply becoz I want to trade like a robot, and no emotion, judgement, whatever (laugh, pls)
However, these indys also not accurate, becoz actually the trading is in price.
So I will put a line in chart price...
My objective is to trade REPEATABLE PATTERNs when
DMI=SMI=PRICELINE (so 3 filters are in)
Once repeatable patterns achieve 60/40 right/wrong % ratio, and ROR is 2x return/1x risk..
I will trade live again...
After about 45 days simming and observing NQ, it seems I can got a grip on it.
NQ have one trait that consistent, dominant behaviour and I start from that dominant behaviour.
THis will make it easier more potential to trade than CL.
Next month comes the holy fasting month for MUslims - the Ramadhan
The difference in trading live and sim is this..
when lose in sim , i will continue the same techn to get the stats
when lose in real live trade, i will change the technique...
now i got one idea to be tested in sim
After I convinced my brain that actually I'm gambling, something weird happened The gambling mind made me think that actually i bet on chance.. And chance is uncertainty...
and remember that famous post from Ziyad to Michael ?
After near 6 years of trading I have to loose it a bit.
As the loses and profits sporadically recorded, I have to admit that I'm gambling - based strictly on results.
If based on my planning - this is not gambling, this is trading.
See the conflict ?
So let me make peace with my own brain.
This is planned gambling.
So, moving forward (ha ha ha , rhetoric !),, we'll see If I will get profit
Shorted but use joint limit order that not filled up.
Correct direction.
Next time for quick setup like this I will use market order (MO)
For second setup that the slower type I will use Joint Bid order (BO)