And in the right place!! Here is the chart with my new entries, direction lines lag a bit as they will live, can't telll immediately, trying to be fair and objective. Yellow is 42sma 0.1% and 0.18% White is 11sma 0.05% Entries where scribbled on, there was 1 loser, object is to ofcourse go the direction of the 42, but use the 11 to not get back on the 42's trend until the short term momentum is flat, then at a good price to minimize the SL chance and max profits!! Exits are being with the longer trend, aren't the other side of the white, there the yellow range and when the white momentum drives up, then if long look to exit where you'd short and maybe even short same time. Theory day tomorrow as I have work, then Thursday and Friday Live trade it SL 10, if I get an up move then I'll on the 11 flattening out, move SL to just under the 11's range, a move under will likely be a sizeable move, so best to be safe, infact trail under the whites range as it goes. Flipping variations on the theme, using methods I've tested previously working into current method, until something works better, 30% efficent here I reckon, want 60% area before I totally stop developing it.
Testing, testing and yet more testing, tested with faster and slow values, 42 and 11 seems to be a fair compromise if nothing else. Looked visible live today, but only had small phone and 5 kids pestering me so ??, in theory should lead to good entrys, with the longer 42 direction, if I'm shorting and the 11 starts to turn up, I should go soft exit and save a few pips maybe. 10 pips on trend, is generally enough, as they don't pull back more than 20 before plunging 40 - 50 on trend I WANT those 40-50's. And using the 11 as a momentum indicator, ie exit when the 11 goes flat near the edge or on faster moves on moving back into the 11, means momentum is drying up. And above is better than me going, errrr it's paused, out +12 yes, ohhh it's gone 50 LOL So 10 SL, if knocked out, look for another setup, trail closely with the SL aswell, try to get average lose to 6pip area which increasing average profit to 15 area, then LOT SIZE INCREASE Work tomorrow I really really really don't want to but hey just incase I screw it up LOL
Liking new system, quick +12 Bottom of the 11 range, near the inner 42 range, which was uptrend, long and she ran up nicely, sold to early didnt use exit method went into holy crap take that mode, but hey. Thats more money, lying in bed than my client will pay me lol Just fot to ignore the SL and take my hits when they happen, other than tightening it further SL is in with the order, quick to setup at 10 so no forgetting or time issues if it hates me. Move up before hand, loads of nice lower 11 longs there to jump on existing trend.
Very very interesting, wish i had more time to focus on new setup today, looking like this is going to create a lot more reliable small scalpy trades, very nice way of seeing momentum to. Just broke below range, although still in at highs but you could gather the momentum was down rather than i would normally think this is chop and reverse it, which is why i keep catching falling knives im jumping in the start of a down move against, if i can see them and get on them the right way, then huge pts Dont believe in luck, so I'm trying to find a way to reverse my "unlucky trades", if it can kick my ass i can reverse it lol
Redefing perfect, outside client, really dont want to go in, especially as not paid me again, waste of time and mney bastards. Need to quit!
Hard to say, new method is looking sweet much easier and more trades and less trading off extremes. At client so just watching sadly
Hard to say, new method is looking sweet much easier and more trades and less trading off extremes. At client so just watching sadly