Changes, got to settle soon, but not yet!! 1. Back to Single position, 2 positions creates a err this entry will do, then it ends up sucking. 2. Speeding up 8sma's to 5sma, 0.05% envelope. 3. I'm dumping anything but the 5sma and envelope literally. 4. I'm embracing FULL SCALPER mode. 5. I'm jumping on the direction of the 5 near the 5 out as far back as the envelope in my favoure. 6. SL is going to be just outside, auto 8pts but trailing dynamically. 7. reversals off cluster areas counter trend is about the only thing that works. Lets get this so it's pretty much mechanical and repeatable in my sleep!!
First trade, scalped +60 so back to BE on the day Added Envelope 5sma 0.08%, that covers sideways market chop range, KISS!! Direction of the 5 is X, wait for a pull back, go direction X on a pause near the 5 to opposing 5 envelope, REPEAT!! Why make this game, any harder!!
Another +$50 can't rule out just some random coincidences in my favour. But I like how simple this plan is. Sold to soon Note to self, Ipad SL needs to be set to 80 not 8
Obviously don't play above in slow markets, jump on fast momo only, don't bother with anything else, simples. Caught a Trend change on the phone in town distracted, back to BE on the day, as I stupidly let up on the SL and held counter trend. Added 18sma for direction assistance. +$60 there, back in profit!! Trying to get back to, like a few weeks ago, when I was flipping in and out with market strength and did well, just got to not bother when there is no market strength.
Too slow into the close today 5sma is fast enough to take turns, so don't call a bottom, trade the turn over, SL just under prev low. Earlier losing trade -$111, loads of small outs, saying No sellers going down, but HOPE kicked in that I'd get another up move and SL moved not sure why and ouch!! Trade before -$70, no big deal, looked like a break down of uptrend, so took a short near the 5sma and failed. Work tomorrow, might trade at client mind, Wednesday next trading day!!
Should of trades US30 long for a $400 profit So Close to getting this nailed, well and truely, so very very close!!
Methd settling on 7sma, envelopes 0.04 and 0.08 and 14sma trend line, so far so good. Doesnt work in fast direction changeable markets, 10am gmt till 13:00 is fine. Up about $200 so far
Lost $50, SL was tight didnt move it, going to class that as progress. The 14 works ehen it works, which not being always, has to go, focus on the 7 and the price movement. Still tweaking method to fit new style... ( since i started writing above lol ) KISStupid, 5sma, envelope 5sma 0.05, 10sma fir directional bias. Testing, need to reduce decision tree long term, or go mad! Madder ofcourse.
Nice day +$175 getting better, method real simple, can i repeat next free day that's the question. Not stressed while trading so long term sustainable, if that holds out. Stay out of slow don't trade before 10am to changeable.