Looking like...... 30sma main. 7sma Heiki Ashi Are the way to go, nice and clean, although I can play DAX for chop when 30 is flat, if I only play with the 30's direction, then odds increase hugely. Next, identifying, high probability, larger moves, entering during basically. All markets too slow currently, so HOLD!! Let the market find it's direction! Lunch time over, 50/50 on trending into the close at this time, 75% until 1 hour earlier, from US Open.
Update, surprise surprise!! Adding 60sma to the mix, 2 positions, 1 near the 30, 1 near the 60 if there trending ofcourse, Bail / SL on turning! Doubt I'll even get a 50/50 win rate off this, BUT I'm aiming for those 50+++ moves, so risking $100 to attempt to make $500, don't need any higher win rate wise. DAX sitting right under the 60, shorted 40 and 44, SL 50 for both, will it turn down ?? find out real real soon!!
7's powering through, short term uptrend still holding as up, needs to get back on 60 direction of down you bugger!! Margin, danger close so can't really move it, need to reduce Lot size by $1 per pip, next trade, having a BAD day!! will increase just as fast
BAD Day, SL hit -$65 area , watch it turn And she turns, LOL can't make this up, BAD RUN of recent. -$330 on the day! No profiters Every trend I jump on seems to turns, think I'm lost the Plot BIG TIME
7 slowed to 13, range around the 13 also put in, DAX narrowly missed being a good trade 13 Envelope is also back, 0.03% it just works!! I'm trading at STUPID TIMES, be the issue Just never free at the good times it seems
Thats looking better, been through the meat grinder today, might need a day off tomorrow, got work aswell, just watch I guess. DAX performing very well to this for the last hour or so. TIRED = STUPID!!
Trade post mortom!! 1. GA Good entry, 2 plan, could of bought near 30sma then rocked up 50pips 2. DAX, I bought the High literally, in a downward trend, DT worth 40+ typical. STUPID TRADE!! 3. DAX, double bottom ( there worthless ) counter trend = STUPID!! Big Loss on that 1 to, 1/2 of the day's loss. 4. Although losing, Technically okay, 2 position reduced the cost to -$73, caught a unfortunate trend change. Summary, TRUST THE TREND, don't fight the trend EVER EVER EVER, why am I cocking this up, paying too much attention, to it's going up, join it, it's noise fool, meant to make newbies make that exact mistake. Long walk, listen to music, hit the gym! Time to think and plan and get better!! -4.5% down, not the end of the world!
Text book break down called by method on GA and EA. This is back testing on GA as exactly what I'm after, the range is relevant, the 30 and 60 and meaningful and well respected, you can literally short in a downtrend the top of the 13's range and profit, again and again and again, with trend. Got to perform better than today's method, talk about how not to trade LOL 13 might be too slow, 10 or 11 maybe, tired not messing tonight!! NO TRADING well today!!!
No trades, but looking promising, need to wait for right market conditions, ie moderate upward pressure to take advantage of. Dumping dax, cant seem to be abke to keep my losses under control there, too spikey. Easier to have 2 charts only up aswell. Work
Got a good move, getting better, spotted the GA turn down, took early position 1, missed 2nd entry, method called it work for in the way. Downside 21 pips gets me $50. Trialing moving to BB rather than envelopes, nice so far.