Re-post.

The Confession & The Secret

Still no second M15 V-Trigger yet. So, I most likely won't get a chance to even run the recovery strategy. Sometimes, its just hard to fail with good lines. Rock solid days like this do much to bolster my Non-Directional beliefs at this point in my ...

The Confession & The Secret

image No swaps were necessary = perfect V-Trigger location. The number of swaps necessary to make a profit, determines the quality of the V-Trigger line. I would have used RPO today, had there been a need for it.

The Confession & The Secret

My double Stoch plus custom volatility indicator package is pegged to the upside of its own range, which means it cannot produce a V-Trigger from that configuration, other than the one it produced earlier this morning at 4065. So, I'm going to take ...

The Confession & The Secret

The original V-Trigger from 4065 just hit the +155 pip max potential mark, while my late entry from 4094 would be +126 max potential at this stage. Still waiting on a V-Trigger to initiate the simulated recovery of -70 pips, but with the Daily ...

The Confession & The Secret

Yep. LOL, trend traders have a saying: The trend is your friend. I have a slightly different take on that theme now: The trend may be your friend, but a "quality line" will never desert you when the trend walks out the front door. Or... When the ...

The Confession & The Secret

For clarification purposes on today's activity: 1) The journal and this thread shows today's V-Trigger set at 4065, that I was late entering at 4094 and that the current close is 4172, for a total net profit of +78 pips realized and +107 unrealized ...

The Confession & The Secret

Checking the EURUSD volatility status at this point, I can see that the Daily Range has been blown-out. Current Daily Range was between 154 and 163 pips. Today's range was a whopping 295 pips, which is more than 190% of normal range. Basically, the ...

The Confession & The Secret

Waiting for next V-Trigger to initiate recovery attempt.

A Different Kind of Journal (EURUSD)

Current sim swaps have been done and the stress test has been built. Here's the recovery requirement: image

A Different Kind of Journal (EURUSD)

Lost a lot today? The last time I checked, it was +133 pips and that was before the next rally up. The last recovery trade was closed at BE. The first recovery trade was closed at +7 pips. The second recovery trade was over-padded by me on mistake ...

A Different Kind of Journal (EURUSD)

I've added more sim swaps to produce a loss on the day of about -70 pips. I'll use this hole as the recovery requirement over the next 24 hrs. I'll wait for the next V-Trigger to re-enter the market. Here's the hole. (some of the negative swaps got ...

The Confession & The Secret

This is what it looks like after doing some simulated line swaps: image *** Ignore the previous 77 pip net gain at the bottom. That was the previous recovery trade and it not applicable on this cycle *** It took 23 unnecessary swap trades to ...

The Confession & The Secret

This is what things looked like before I began the simulated swaps: image

The Confession & The Secret

As I said early in the thread, some of these V-Triggers are just difficult to lose with. This one is getting a bit out of hand - I'll start simulating some swaps now to pull the profit down a bit.

The Confession & The Secret

The trades are live, as seen in the trade journal's pics of the trading platform. Yes, I am trying to lose money on the current trade. If it does not come back down to the V-Trigger, I'll start padding in some unnecessary swaps to generate a loss. ...

The Confession & The Secret

CrucialPoint, has a crucial point. What most line traders don't realize, is that the line that is drawn must also include high probability for Swing and/or Momentum (Magnitude/Continuation). In addition, most line traders forget the other side of ...

The Confession & The Secret

As I wait for a swap trade to develop, I was thinking about the bout I had with myself last night while going to sleep. As I got comfortable in bed, I started thinking about what the EU finance ministers would eventually come up with. As I did, I ...

The Confession & The Secret

If I don't get a pull back to the original V-Trigger line, I'll just start making random swaps to pad some losses into this initial trade. I am trying to lose money here, so I can mount a recovery strategy - that's the point of this week, recall. As ...

The Confession & The Secret

NOTE Link to Trade Journal with pics from Trading Platform showing Closed Positions can be found in post #1 in this thread. (go back to the first page of this thread and see post number one)

The Confession & The Secret