Can EU behave, topping out hear, not the 16 high, 6 flattening, long term Downtrend all day. It's going to turn on me, too got it, LOL
-$76 I'm SUCKING like a sucking sucking sucking sucking thing that is sucking. Method's fine, what's going wrong .............. 1. Headache, not thinking straight, should of QUIT!! 2. It's slow, USA lunch time, shouldn't be trading. 3. I'm not reading the direction right. 4. GA isn't Trending it's chopping. 5. EJ is pulling back some of it's selling 6. impatient! 7. Maybe just random chance, only 4 trades in a row, 1 20pip move required to get back to BE, nothing!
I think I can assume, pulling the 120ema was a rash stupid decision, whilst brain not functioning at all. The range on the 16 out to 0.06 was wrong aswell, 0.05 is better, but the 16 is better than the 11. Still standing down, not lost all of yesterdays profit, making F All this week though, looking at +$50, RUBBISH totally useless
Can't flip Bid/Ask for charts, messes up where my MA's and ranges are Trades I took write up........... Might aswell try to learn from my losses! EJ Short 135.20 -5.5 pips Nice tight SL, ran 10 against me, could of just as easily went down 15 so okay trade, but higher high in place, broken about the 16's prev high range trend reversal sign for me there. So actually BAD trade, but nice tight SL. GA Long 1.9800.5 -4 pips, uptrending, nice tight SL, could of punched higher, 6 was fresh down, okay trade, just 1 of those things. GA Short, 1.97980 -7.8, bad SL too much lost, uptrend uptrend and uptrend, bad trade, like how high 16 capped it, too big an SL for me sadly. GA Short, 1.97862 -4.8, though SL was too tight, market's trend changed, loss was kept small, good trade! So 50/50, 2 which should of failed failed, the other 2, no big deal, SL's where kept tight enough 3/4 so not really a concern. Markets too slow main issue, BAD time to trade, cracking moves in the AM on GA, nice clusters, nice reversals. GU fine earlier EU fine to. GA Fine. The 16 isn't working, stop messing, back to 11, 16 isn't live enough direction and the SL is too far away for entries with the trend, near the 6's highs. STOP MESSING!!! Try to trade tomorrow AM, but kids at 12 so might mark this week down as a learning experience I didn't lose money on
Only the AM is worth trading this week, got to get ass out of bed, awake and infront of PC for 9:30am I guess, got 2 hours to make some $$$'s then, or lose LOL PC advantage is 5 charts up to find plays, from bed 1 chart, wastes to much time flipping charts. SLEEP, dizzy and rough, over did it yesterday for sure. Explains, trade lack of performance, I hate down days, no here for down days.
Firstly, IT'S ALL OVER No more Two and a Half Men, went out well though, taking the piss of itself like it should
Thirdly ( 2 1/2 deserves 2 spots ) BrainStorming my entry logic, 1 final issue maybe 3 to solve.......... GA just, price creeping up, runs into the 11's range, 11 turns up, 6 going up, short near the top, problem is the top becomes moving for ever higher. In this case it turned down, although breifly, turned at the low of the 6 back with the 11's direction. So Long low 11 would of worked better, didn't go any higher, but it was a definitive reversal point, with no wishy washy, will it won't it turn, it'll turn or it'll break below then game over ( this needs testing longer term ), ohhhh did break higher, 11sma and 30ema called it. EU is tracking down. Annoyingly it turned. Just posted in the 4 pip thread, that if you jump on the low 11, when it's going up, goods odds you'll get to +4 most of the time, which seems to hold out. So what I'm thinking is, simpler entry trade logic! Judge the direction by 11 and 30 ( 120removed again, not needed in simple plan ) Then paying less attention to the 6's direction, just using it as a noise range. I enter, 11 down, 6 also down ( it's flippant ), I just look to enter short, likely with a limit order as it's too quick, hesitation is a killer!! With my Ipad software, if I drop a Limit order miles from target with direction, then it's easy to edit it and move to a trailing 6 position or better, rather than market order slippage. So many, I miss, should reduce that, SL set at 6 for starters should be fine. Note to self, don't leave Limit orders on randomly LOL
New method week entry method is looking good focuses on the main profitable setup I'm seeing, very objective therefore back testable. Never like limits setup, crashing through but same as going througb slowly, very few losers on a day like today atleast. With the kids after a week of hell, what a day to miss 2k easy today or just give up basically. Learnt a me trick and made 50 lol sad really.
Putting the 30ema range back into play, it calls choppy market range. Basically, it's about momo strength...... Flat 30ema trade off the 30ema range, some fast 6 moves inbetween. Low speed play off the 11sma range, some 6s to. Fast, trade of the 6s lows. Very fast trade off the 6s mid position. Decide before using limit order, entering isn't great but easy to slide up and down on my ipad system. Should cater for all market conditions nicely. Check the rules when home on those losses i had yesterday, likely not allowed trades. Keep working on it till perfect as always
Think i need to back SL of to 10 aswell, cut down on comms, setup seems strong enough, that if low 6 fails, low 11 will likely reverse it. Win rate is suffering, if trend changes them look for soft exit and flip sides ofcourse. Role on monday, live time