Right no more Dev on the method, keep it simple. Rules.......... 1. If Flow, stay with the flow 2. Jump on the 4 range mid move ( Need to CRACK this ) 3. Play reversals using HA or Clusters. 4. Keep SL tight and Micro Manage losses. GBPCHF and DAX are main trading focus's, better return for the spread / comms charge. GBPAUD and GBPJPY also move well. Dumping GBPUSD, range too small, does work well to MoMo. Nothing USD based, interesting. Last week down $320, week before +$50 ish, week before +$600 ish ( vague memory ), got to get back to how I was trading, market was moving better bigger easier profits, but GBPCHF should sort that out and some more. 2 months to B day ( Bankrupt ), need to be hitting the 1K a week in the next 3-4 weeks I guess. Life!!
Weekend suck, loads of free time, raining real soon so no MTBing and can't even watch moving markets, BORED!!! Back testing isn't the same, no live spikes to react or not react to, which is the main issue really.
Scalping is for 1 or 2 ticks. I think you may have terminology incorrectly applied in your lengthy posting.
Don't like to get to obsessed with Terminology, Scalping means different things to different people. Just in out trades, just with no fixed TP.
The search for my setups begins yet again, went kinda slow since 9:30am need to wake up earlier, although school runs today so no chance. Identify direction, if fast just join, if slow wait for cluster entry. Simples!!
Okay I should of checked the Margin requirement on CHF pairs, $17000 to trade at $10 per pip, eerrrrrmmmmmmmmmmmm NO! Placed a trade, rejected, went and checked ohhh!! Can't trade live off, 24sma and 4sma envelope 24sma deleted. 10sma Envelope 0.05% is back. I'm kinda happy with how it's looking, but lack of sleep and back on school run soon Lets give it a shot! Degus are on a mission to make more noise than anything else in the universe, wheel running and high pitched squeek, not helping today.
This little setup is telling me which way the market is going and what to expect nicely! Watch rest of the day when possible, get head around it and hopefully game on tomorrow!1
Quick write up on current method. DAX, sideways chop called and tradeable, trend called well, very nice. GA entirely chop today, the few bits of trend followed through, visible live, doubt it. GJ trended better and worked well for that,
6months off from running around after mates kids, new BF ( hers not mine ) is working and no more easy life for me, 2am's up before 8am in a row, nasty man nasty. Trading, is anything moving, errrrmmmm NO, I got back just as the pre US open jitters kicks in, yeah!! It's like all the money is going into CHF related pairs recently, checks chart, ohhh yes , shame the margin requirment means I'd have to trade it at $3 per pip, better than nothing I guess Gold, Oil, never cover spread. UK100, not to bad, not setting the wold on fire though. Buy1Sell2, if you have any comments, I don't care, please keep them to yourself, thanks!
GA snook up on me, didn't really think it would keep going, performed to the 4sma rules perfectly aswell, which is annoying, especially as that would of been a nice quick $300 Struggling to put money at risk, unless it's a sure thing, which is an issue as there are no sure things in trading. Mission, get head back in the game!