6 momo is slowing, giving this 1 a long leash, based on the 120ema which is NEAR!! Ironically, GU trade same time rocked, then bounced again off the same low's with trend. Not looking good, BONED!!
Buyers, up spikes, then met my sellers, if they dry up then obviously we go up, if the buyers dry up we go down, but it's uptrend is still intact, top of the 6, just noise till it breaks it !! GU still uptrending, could turn into a long hold for a nice 30-50pip move up this Ohhh that reversed QUICKLY dratttss! should of taken BE, but confused!!
Had a TP at 37.5 I'm out, the score on that messed up trade is +$68 CLOSE 1 there, 120ema worked a treat, TP near prev highs worked a treat, shame my entry was kinda POOR!!! +$256 on the day, got this feeling I should call it a day! Not trading well really, market is to SLOW to call. *** That was ages ago, didn't hit Post!! 120ema area bounced GA a few times, all the others got onto some direction, which is where my system shines, sadly I'd had enough and stepped away, just missed GA long, these spikes I need to reverse are over too damn quick, might have to start using limit orders. Trading well enough for BE in slow markets, picked up a tad made some small profit, Last Wednesday market was wild, was making huge profits, got to keep improving and going with this method, till I trade it better and even slow markets make some money. 2 1/2 months till wage required, I'm not unhappy, infact slightly happy here, +4% today area, nice enough for a slow before FOMC! What am I doing wrong....... 1. not trusting the ranges enough, waiting for to much confirmation, getting a sloppy price, better to get in near, smaller SL, bigger profit, slightly higher risk. 2. I'd say I'm not trading with the flow, but there wasn't really any flow so yeah, have to wait and see on that 1. That's about it, pretty low wish list No big losers in a week+ definately getting there, that's right I can't, can't average down and can't take too big a loss, as trading near margin call level Backup SL
GA +$48 +$304 on the day, hit my target 56% profit rate, slacking for sure!! Put lot sizes all up a notch cause I have more $$$'s Role on better days, with no FOMC looming. FOOD, MTB, trading all tomorrow, Friday off!! ( Friday will be awesome )
Slight tweak, based on new issues, 11sma envelope slowed to 16sma and 0.06% range, less tempermental and market cant track down inside it as easily, forcing me to switch to trend not range play.
-$59 on GA, $27 of which is spread and comm's, nasty but hey, the cost of doing business. Figured it would turn back down for 20, might of had SL too tight, find out soon!! Yeah 1pip more on the SL and BE here, slight profit, didn't allow enough for the spread on that 1. Advantage DAX, fixed spread helps. Always lose on the 1st trade, keeps me humble, ish!
GA again, why oh why, selling from the 1.9800, also the 120ema area, hard and fast, tried to get in nearer, epic fail, to quick. Looking like I've called it WRONG LOL Yeah WRONG, -$87, BAD start, it tracked up the 30ema. Removing the 120ema, lets not over complicate it, prefering the 16sma 2nd range. Ironically, GA would be in profit here, olden days I'd of averaged up and gotten away with it for once LOL HEAD is killing me, halting trading till Ibuprofen kicks in Another -$51, 1 of those days for SURE!!
The -$51 was a valid trade, kinda, but trend changed AGAIN, after the effect, should of been out -$30 area. To save on my SL issue, Longs stick to BID charts, Shorts swap to ASK chart, Ask being my SL as it SL's at ask, nice and simple, solves the how big is my spread issue. -$198, come back king is going to struggle today I fear