Gambing at $55 per point area on 9100 holding is not clever or fun or professional, keep going to nearly BE and getting rejected, love a good 30pip run up nice fast 1, make the risk I'm at worth it atleast. Failing to be a trader today for SURE!!! I should be out, but don't want to incase it runs higher, it's firming slowly but us pre open in 8mins so risky risky times. dumb luck on the timing got me all messed up arrggghhhhhhhhhhh!!
Working on a tweak, based on a 9ema envelope, 0.004% or something, about 7pts on DAX, need to move to tighter SL's to stop getting emotional, I forgot to set the SL before placing market order was the main issue. Put in a large base here, good odds we'll see 9130 for +50pips area in total. I'm going to blame the GF working from home, prefer silence not some crap playing on here phone annoying me
Well I'm out and alive and account is up a tad and well yes doh! doh! doh! doh! Watch it run 30pips any second LOL Just glad to be out up a tad, going higher typical, extra +20 here Score +15 +11 +2 -2 -8 = +18 pips I think I saw -90 area !! Going for a walk to clear my head and fix this!!!
LUCKY EXIT, about to hit SL for -120pips here, ohhhh yeahhhhhh!! Tweaking my settings, got an idea for a improvement to better suite market conditions, adapt or die!!
Quick update, I'm getting faster at adapting. Pulling the 100ema 0.15% level, leaving the 0.3% if only for I like the smoothed direction. Slowing the 26 to 42 ( Don't panic! ), break outs are clearer, doesn't move with as much making me extend the SL. New anti catch a falling knife straight through your balls device is :- Envelope 11sma 0.05%, a break out from this range is a good indicator that there is enough momentum to keep going, so basically the aim if I want to go Long is to go Long at the bottom of this range, but when it's turning flat the DAX's top ran up stalled go within the range right below 9130 then tanked 40pips. When I took last trade, this was point DOWN, the 100 and 42 also down so no real surprise, I played chop in a downward trend doh!! DAX went back into 11sma spec, a 10SL would of worked and up she goes, would i have held on through that most likely LOL MAIN RULE WHICH SHALL NEVER EVER EVER EVER BE BROKEN!! SL needs to be preset to 12 I think, before placing a trade, this is not moveable away, 1 pip spread, better to be out and wait for a better setup for the sake of a 1 pip spread. 2nd position allowed, move SL to match, so 20pips in total at risk, not enough for me to get emotional, just the value of my mortgage for the month LOL TOWN, look at blondes, eat cake then back at it. Also the 11sma is a good exit rule, might make me hold longer, same exit as my entry ofcourse!! XANX please!!
your trading at $55 per point on 10k account? dude you have balls, and it will eventually come back to bite you in the ass. Better be careful!
Could be coincidence at this stage but, 42 top called it spot on and so did my new 11 env pip perfect on the pull back then the high called spot on then 1 pip less as the 11 started coming down. Went 15 nice enough didn't trade it just watching. 11 down trend tested the top of the tiny range before going lower could of joined the down trend with a very tight Sl. Trading well enough to make money consistently but I want better got to remove the risk taking.
Stupidity, market broke down seconds after I got in had not set the Sl creates a your not taking my money reason so I averaged down a few times, 1 is allowed 4 well no. Tweaking method to avoid putting myself in that mess in the first place hopefully
Here is the chart which I'm using currently well trial basis, was going to add comments against the numbers earlier, but went out and plot lost since Basically, same rules but faster, aim to short at the top, longs at the bottom, a break outside should not be counter traded, worth while though on moving back into the envelope. Market under the last 9150, didn't get high enough for me to short but on the 11sma Env it did. SL I think 10 + spread so 11 on DAX 12 in the afternoons, just deleted the 100, the 42sma gives a good direction, lets keep this SIMPLE like me!! Faster and more scalpy, what's required for the current market conditions, while still hopefully preserving chop performance.
That's annoying, SL hit at 9171 high on the chart at that time, 9169, I've seen the ask creep up a bit at times but ecckks, back time ( 1 pip spread so ask high 9170 ) I like how it came back to low of 11 range, back to top, repeat then go down, does paint a nice picture of the short term action. p.s. this job full time really is too damn stressful LOL