Tried for a EJ long failed to bounce again out - 58, return to highs would of made me twice that so all good. BE trade just aswell, sold off sick with the dax nice moves there good tend couldn't bring myself to take the entry, shame worked great lol
Tried for a EJ long failed to bounce again out - 58, return to highs would of made me twice that do all good. Didnt post. +105 on dax in getting it as i feel so damn rough. +260 today, 3 profits, 2 losers. Bailed on dax perfect top with a tp nice Must stop while up lol
Calling it a day +$230 not bad, new tweak and child sitting annoyance and 1 stupid trade losing 183 stupidly. Trends are fast enough to have a good shot at continuing. Ranges are tight enough, to not be the start of a counter move generally. Jumping on the immediate momo in a easy pretty predictable, fairly easy, low stress, tight SL kinda way. Will it continue to profit, or turn into another learning excersize on the path to the grail.
Method turned into a massive loser, git those losses back, up $200 i think, made $700 week before so it will do. How come you had a bad week ? Ohhh they happen. Still -130 on the month, bad start i have to get back, not traded really in a few months. Ej is EurJpy, got to stop trading it, stick to just dax and GbpAud.
Here are my charts, pretty simple, 2 envelopes and all! Basically, respect the yellow 10sma based direction, theory being, market will tend to stay within the range most of the time, which it does, so 1 edge. So if it's going down in general, then look to short near the highs of the range. Faster Markets the white dotted 4sma range comes into play, if both are down then short near the top of the 4, SL out to over the 10. Breaks out of the 10's range generally keep going, so only take trades in the direction of the break. KISS to the max!!
Suppose I'd better do some confidence testing.......... Rules to restate.......... Envelope 10sma 0.05% Envelope 4sma 0.04% 4sma ( maybe ? ) If Direction on 10 is up, take low of 4's range, SL outside of the 10. If Flat, play the 10's Range not the 4's range. SL not lower than 10. Use some common sense, to avoid to many bad trades!!! Go...................
Right 18th June, 8:03 on my chart, so 9:03 GMT maybe ? can't remember! Okay WILD time to pick randomly... 10 going up, 2 lower not accurate turns up, wouldn't of hit SL for +30 and +25. Putting in a bas 10923, below the 10's range, Tankage, look for short. 936 would of been the short, didn't take it, 1min at a time tricky, if I would of, serious TANKAGE, likely bailed on move back over 10900 thinking, REVERSING +30, it went +70. AGAIN skipped to 8:34 New tactic to test, Limit Long 10878 as 10 up, filled, SL 68, exit top of 10/4 range +8 Backtesting doesn't work, need live tick history, I don't trade off 1 min candles BS!