FOMC 22mins and counting, guessing low volume and hard to call prior to that. DAX turned up, stalled and going back down again. BORED!!!
Argghh, DAX turned up, missed entry, was tempted to join long, but Volume slow as hell, missed entry to upside. Still SLOW though, lets call it a day I think!
I see I need to switch to US 30 from 2:30 start of US Trade session. They pretty much follow each other, US30 might lead the way slightly, which would be handy Approx 50% larger moves on the US30,but 15pt range rather than 5 which is much more useable, despite the 2pt spread cost. Tomorrow trade AM, then school run, then MTB ride
Over thinking and not trading, dax downtrend, 2 entries atleast both did well, turned up also wussed. This isnt a game, you can wait and see, if you wait and see its gone, get in, get out asap if it turns out to be wrong. i think different market conditions aswell, slow and weak trendy. Need to force myself to focus and think of a plan which suites how the market is moving, then stick with that plan, until it stops working, like indid yesterday. Breakfast, then try to well trade lol
I think I wore the brain cell out yesterday, ZERO Motivation, fiddling around with other jobs, just hope I don't forget the plan before I get back on it again. Work rest of the week
After the fact looks dead easy today, downtrend, pause, uptrend simples and guess when I take a day off. Credit cards are mounting, stress is high, funds are low, need to take some out soon, which will lower what I can make, arrgggghhhhhhhh!!! Need, some good profits and SOON!! Today, would of sorted out my cards on it's own, typical, yesterday barely moved, today loads.
What a day to miss, IF I was in Trend mode, loads of entries with the trend and all would of been awesome. Single position, would of worked better, but must stick to 2, less stressy. Method for Trend is honed well, trusting and using it live are ofcourse the issues. Work rest of the week SUCKS!! And Monday SUCKS!!
First US30 trade, Long at 17410, out at 20 +$50 not great, but hey profit be profit!! Got out just in time aswell, 2 days off = got to get back into again, weekend coming then work 6 profits in a row, it's working Trading efficency estimated at 30% of system potential so a lot more profit potential to unlock
The enternal issue, is upon me, yet again................. 9sma is down, lower BB coming into play. Market is doing 1 of 2 things as always, either chopping or trending. If Chopping, I start loading up for a bottom near, if trend I look to join. Wrong = Losses, although good entry gives a chance of small profit available briefly. Okay Long US30 17390 reason, DAX turning up, Lower BB flat so momentum is dying. Looking like a Trap, ohhhh may not taken 2nd position, US opening here.
Out +15 so $75 I tried to enter at 86 2nd position, but too damn fast. yeah going higher typical!! Getting there!! Think that will do for the day though! Crap I went 390 to 405 it went 435 ohhh well doh!! Starting to solve the chop/trend issue not perfectly but to a level of it's okay! It's only taken errrm, 10 feckin YEARS!!