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Paul Smith 🌷🇬🇧

@PJSmith

Feb 26

I try all sorts of whacky stuff on weekends. Most of it ends up being totally useless. I waste far too much of my life on this stuff!
Currently backtesting over the last 2 weeks with my day-to-day trend algos. Decided to break my order into parts and spread it over 100 nq pts 1/

Result? A mediocre profit turned into a much larger profit 🤔
The same risk control and stop were used. Only the initial entry size was much reduced. A much higher profit was attained. A sizeable one-way drive over 100pts would probably hurt 2/

But, not I think that much. Still cuts if the trend changes. More testing to do, but throwing the concept out there, into the wind, as I tend to do. Maybe you algo guys are interested. I am sure it's been around for a while, and perhaps someone here has already tried this?3/

Read 5 tweets

Paul Smith 🌷🇬🇧

@PJSmith

Feb 12

Hmmmm. I think it's code a crazy indicator time...

Bar retests - Every scalper should know these stats!?

I've always liked the 'random' trade. This is one reason it can do quite well. Do the stats support it? Let's find out...

Read 17 tweets

Paul Smith 🌷🇬🇧

@PJSmith

Feb 9

Having fun yet!? Bloody chop

Was OR 5m mid, btw

Peeling off half here.

Read 14 tweets

Paul Smith 🌷🇬🇧

@PJSmith

Feb 8

Mkt slow - Made coffee money, so just doing research.
An idea share (just been working on it). Physcology-based trades (the best!)
Take fav oscillator (this is StochRSI / 60m chart).
Mark Ray on bar H/L when entering extremes (where mean traders start counter-trading). 1/

Realise how often they get killed (at least in the short term). This should be a lesson for you in itself!
Realise how often price retests those levels for a bounce.
Makes sense, no? They get out when they are in back profit. Orange lines are examples. Try it. Let me know... 2/

BTW - I do not advocate fading these trends. A sure way for you to get killed also, but realising there is a possibility of a reversal and a good potential (swing) target, should get you drawing those trend lines, etc., right? 3/

Read 5 tweets

Paul Smith 🌷🇬🇧

@PJSmith

Jan 21

Back at home and reading some DM's (long thread warning!)
I'd like to make it clear - I do not have a magic strategy to sell/offer/give. I cannot 'tell' you how to be profitable. I can share some stuff I do on here, and you can use it how you see fit 1/

I can share some of the tools I use/built, that I could not make money without (and I do!).
I can share levels and ideas (I do!).
But _you_ have to turn that into something you can execute because it is different for us all.
I have spent many years staring at screens. 2/

I built a lot of stuff to help me take advantage of things I have seen. I do a lot today that I probably don't even realise (something I think a lot of experienced traders have forgotten). I cannot explain some of what I do in a way that a third party can replicate it. 3/

Read 10 tweets

Paul Smith 🌷🇬🇧

@PJSmith

Jan 14

Went out and left NT8 to process the month-to-date date (replay). Takes a bunch of hours! Retrained 1st network and get this now. Red/Green is NN bias. It seems >70% accurate predicting a 10pt move within the next 8 bars forward. A few couple pages from the chart. Interesting...

I find it interesting how it waits a bit, like many traders, and does not take the first pullback...

Shorter term chart, looking for 10 points within 5 next bars. It looks messy (and it kind of is), but these are not buy/sell signals, but maybe entry confirmations. Statistically, they are, I think, from what I can see, and edge in your favour if you align with them

Read 4 tweets

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