Market Cipher FOMO

 


This 2D

I FOMOed in. 

5 min



UPDATE 16.01.24

5 min

2D

We went up 3-4% and then straight down again. Around 3R if you exited at the top. Not super good but not bad either. The 2D fairly tight trigger wave lasted for just a blip. But it did predict a move up. Need to backtest what the winrate is on the 2D trigger.

Not sure if I want to blind backtest the 2D trigger or combine it with a higher TF during backtest. Way more work. But should be done for more data.

Anyway it was a win.





Comments

Post a Comment

Popular posts from this blog

Trade #2 | LOSS -1%

Image
 CF said long 1h deep green dot, hidden bull div. Did we just break out of this accumulation range and retesting the top of the range? 4h. Looks okey. Can be scary when momentum crossing 0 line. Or we can form a tight trigger wave which could be bullish... Daily looks kinda bad 12h looks even worse 10 min MF looks great! Longing, risking 1% of acc. Feeling stressed Depressed Bit excited Update CF's trades have been complete shit lately. Feels like his win rate is less than 50%. Been following him for 8(?) years and I'm still an unsuccessful trader. Feelsbadman. -1% stopped. 4h 0 line cross was deadly 12h still looks like we're coming down That 10 min MF was a complete disaster Now I'm defeated and discouraged to keep trading more with this strategy. It's shit. Fuck CF. Gonna keep working on TRW now.
Read more

Trading Ranges (Mean Reversion)

Image
  Do not guess when a range is formed. Trade on confirmed ranges only. Range is confirmed after > 75% retracement What is a confirmed range? One where the previous trend has already clearly ended. On trends you allow Leg 1 to happen and you only jump in to trade Leg 2 and/or Leg 3 Ranges are similar. You DON'T guess the range low or high, but rather wait for them to form with confirmation using a few techniques. > 75% retracement of last trend leg Why 75%? Because trends shouldn't pull back 75%.  A typical trend leg will pull back no further than the 61.8% level (a common fib level).  Since the market cannot trend and range at the same time or on the same timeframe, an invalid trend is likely to form a range.  So, once you see a 75% retracement, you can begin to form a range. From here you can draw a range low, range high and create your levels/ zones.  But you DON'T enter trades yet. You need further confirmation to have a high probability range.  7...
Read more

Trade #1 | LOSS -1%

Image
  1h green dot, previous dots have been PUMPING 4h not looking great but anchored above +60, could come down though, so this could be a top. Or we blast through up. CONCERNING 1 min MF coming up Longing with 1% SL, risking about 1% of acc Feels FOMO and gambly... CF also longing, he makes me FOMO Unsure about where to take profits if this starts running. We will see. Ignore the R:R Few hours later, stopped. -1%
Read more