Suppose i should post some sim trades, detailed check, practice entries. Dax..... 30pip called just, trend down, 5 up 5 turned down, stall short 694, 75 here nice Gbpaud.... Trend up, missed it long 85, 98 currently Eurjpy.... No defined trend ignore, find a better from the spares Got busy, and stopped!!
Off out, work back test will have to do, Live Live test on my return is the plan. DAX reversed off the 100 twice, first 1 gave entries with the 5, second too quick, , 3rd quick, 4th fine. Okay look for permissable trades that fail, 1 before big move up, call it BE GA Loads of +'s, nice not seeing any obvious losers. EJ too choppy today, okay for 10's not much more.
It's looking great still, jumping in move is going to take some getting used to buy needs must, action via this and the size of some of the moves means in not aborting this method anytime soon. No live trades today, work and magus to see and shattered, always monday.
Over 24 hours and no fXCM contact about the already arranged 50:1 margin change, sinking ship comes to mind. Adding the 10sma Envelope back into the equation aswell, it helps with a few issues just the 5 has on it's own.
So ( Really tired, up at 7am for a MTB ride / Stag do LOL ) If I put the 10Envelope back into the mix then in certain trend scenario's , say downtrend I can still use high clusters near the top of the 10, I don't get a lot of failures with the 30/100 direction anyway, loads counter trend wise though. Other way I was thinking, if price goes over the 5's range, when it pulls back inside with the 30/100 then that's also a pretty good entry place. The 5 tested before, looks great, slightly reworked on useage. I know the 10 works great, when I'm not fighting the trend, so that's cool. I've used the 30/100 rule before to keep me on the right side ages ago. I have a huge library of things that have merit on there own, but there not enough on there own, why I'm trying different combination of them, trying to find ones that will play together. While trying to build the confidence and trust to actually trade them proper like. +$650 guesstimate, FXCM's like down for the weekend, too tired to care, it's okay, but it's a fraction of what I should of made, I could give back $650 in 1 stupid trade with ease, especially as FXCM doesn't seem to want to lower my margin, restricting me. Back on it Monday, love a +$1000 day just to make all this stress worth while, then the method stops being experimented with.
With the 10 and 5, DAX and FX need different settings, HASSLE, have to save and swap templates, there isn't a lot in it, but enough
Still crunching numbers looking at charts so far... Dumping the 100ema, 30 is right more of the time, so it's trade the direction of the 30 much simpler. Onto the 5 and 10, they both work they both have there issues. 5 great for direction, but very left behind a lot with no entry, but strong! 10 lower range in uptrend generally holds, so can just trade this simple setup to death. If price breaks below the low, then likely a trend change, switch to 5 entry rule to get on new trend. options are looking like from these entries..... (all uptrend, longs) (in order of likely hood 1. Stalls at high maybe just above, take it. 2. Breaks out of range, switch to 5 for exit, join if still out based on 5 rules. 3. Stalls on the upper 5 which takes control and breaks down. 4. Fails straight to SL. Take a break test this.
On the PC doing some F12 testing BORING!! Observations so far.... Less carey about the history on the chart, focus on the micro setups zoom chart in a level, so it's big and relevant! Stay out of flat markets, always another pair to focus on maybe with trend. 28th DAX, Flat till 8:20 area, turned down, 3 top of 10 and 30ema reversals then a near perfect 5 downtrend for upto 80. News reaction, Flat, then turns up low 10 for +20 low 10, stalled on 5 top turning down, 100 pip down move off that, fast too fast for 5 entries near. Defo Live, full lot size test tomorrow DAX Approved. GA Approved. Looking promising
So simple write up. 1. zoom in a lot, 20 candles area on screen is more than enough, any more and get scared, need to focus on the detail. 2. Trade direction of the 30ema ONLY 3. Take 10 range trades following #2, this will be my bread and butter 100's of setups. 4. if the 5's got strength, jump on take it for a ride, or off if on the wrong side. 5. Any longer trades, the 5 calls the turn, although use the 5 to get on it, rather than waiting for a reversal. Easy!! plan accepted! sleep soon ( getting old )