Seen some okay moves live, no chance to trade then busy busy busy 2weeks then holiday then xmas so depending on next week's work load might be out for the year scarey! Need an easier life style
Zero trades all week, too damn manic and crappy action the few times I've had to trade, but it's been like 3mins and doing something else, so no wonder really. Rebuild confidence to trade, Monday to try to restart again free so far well till 3pm. Didn't lose any
Quick flick through todays action, method is still more than valid, I think the few times I have watched, I've feared the range being counter trend, I need to back off my it's trending fear some what. Most micro trends don't go 16pts before reversing, so within entry spec and with 2nd position likely to get nicely profitable at some stage. Boring weekend coming up, loads of spare time, crap weather and no markets, typical!
Back on trading tomorow, hell I need to stay making loads of $$$'s, before I spend the rest of the account keeping myself afloat, then I'm SCREWED up the creak without a paddle or even a boat. So, back on the eternal issues............. Okay, there are times when trend is pretty sure, which I can join and exit if trend turns the other way, chop will likely get me to profit level so all fine. The rest of the time, all I can do, is trade the range suggested by the BB, so long at the low, high at the top, I have to accept the risk that this could turn to trend and exit before the SL is hit where possible. Chop holds most of the time, if you avoid trend times ofcourse, the accuracy is questionable at best, hence 16sl and 2nd position to take advantage of this lack of accuracy. Trading break outs, generaly = fake and Sl hit, many small losses, won't be falling for this again Exits need to be none greedy, other side of the BB, IF I'm in when a break my way happens, then I can turn to Trend mode and hold longer, but the default setting, must me, it'll chop and I should exit. Switching to US30 seems valid in the US session, especially the later Germany is closed session Lets keep it together, start laying down some funky trades. 24BB 2Dev seems to help with Chop identification, more confuses me, but sadly I have to learn to deal with this. If in doubt EXIT!!! new Step daughter I'm putting through College and soon Uni is counting on me LOL
1 trade +18 so $90 better than nothing, worrying about all trades losing to much, get on with it, take the chance and trade those setups fool. Loads of setups, sadly missed the slow bouncy trend I'm setup for perfectly. Work tomorrow maybe evening, try again Wednesday i guess, 90 would do. Need to kick my own ass big time.
Okay it's a tad early, but I generally miss some good action at this kinda time into the US close, today, FLAT as, not enough range, keep watching. I'll get bored, do something else soon, then miss a 100pt move LOL No trade thus far, busy busy busy
Dead dead dead dead dead, i give up, off to get a pizza in. Jinxed i swear, slowing down into xmas already, limited trading time till xmas anyways. Not even a quick 50.
Suppose I'd better test, if I was around to play the ranges and ranges with trend, if I'd of lost or made today, it's a quick estimate to verify system go or no go! Not like I'm going to get to actually trade, but just incase. DAX 9am start. Tight Range no trades previous Break up, joining near 9sma runs 70pts nice. Tight range no trades. Got back on upward mission, no way to call Long called 11070 area for +20 or so. Few lower range plays for 10 area. Break up there, would of cost me -26 in total say. Bounces off low BB 11150 area +15 +20 Highly profitable I think, 1 loser after the fact, 2 tops.
Worrying to much about the chance of losing to much, nearly shorted dax at 64, didn't could of made a quick 50, reversed of lower bb nicely to. Method back to a simple 15, 2 bb and 30sma, too much to think about was creating no trades to. Need new car soon more money