Lets back test today via the plan on DAX and see how it faired, IF I just trusted the range, taking trades near. Downtrend, +15 +25, squish then lower +15 +12 Fail -8 +8 +8 Yeah it's fine Rock on!!
Looking good simple easy like my woman, time and energy required from here. In 2016 I'm going to really nail it, taking big bucks maybe $20 profit no that's silly set your sights higher $30 NAH that's sill yeah $20, might even not top myself till March okay Feb, early Feb ofcourse* * set the bar low then if set low enough, just maybe you might beat it then it'll be a bareable just kinda year. Maybe 15 and mid Jan.
Fun for the day, New Daughter ( to me, she's 18 ) had a party in student digs, locked herself out ( Lock wouldn't open, yeah ), to her room, door knob and lock combo her mate kicked the knob and lock off, 40miles away, 2 mins on the phone, and phones dead, go over tooled or wait and see if they sort LOL yep waiting, KIDS!!
Better, do some sim work, while they solve the issue of getting power to there phones LOL DAX 2nd december, using an BB 8 - 2.0 and 24EMA H&L, rules, play the range of BB, only with direction if direction, GO!!! ( not back testing, to tricky, playing the IF I took Trade by game ) 8am, big news, downtrend short top BB +15 +10 +15 Big up spike, off a reversal, hopefully wouldn't of got in its way -10 if so. Uptrend, +8 or -5 depending on if I saw that upspike as get out or yes to the moon!! Breaks down, downtrend again +10 +10 +12 +15 +5 ( tricky, 8 turns up, could be -10 ) Back to fast testing, can see the issues I face with this method. Basically, If I trust the BB range, take trades near repeatedly, not wussing 90% of them, I'll make 10-15pts frequently scalping the range, good money to be made. Strong Trends, enter with the 8 near the 8 or near the BB low. Interesting, left the Ipad on 30ema settings, thought arrgghh total shit not working, realised 30, changed to 24 and ohhhh that works great.
So Method, when the market is playing ball is fine and great, trend or chop I have it NAILED!! How to realise in advance that the market isn't going to play ball and therefore not bother trying/switch market. Trading FX is only valid during trend with pretty good strength, costs are too high, range is to small unless it's power housing it somewhere.
Some MT4 F12 ( 1 bar ), Sim work. ( Full bars not the same as live but hey, will try to not cheat ) DAX 11th Dec 12:28 GOOO!!! Plan first, Downtrend, take upper BB short, watch for basing and reverse! Didn't get In, going lower, no way to tell if based, or downtrend so no way to get in near 8sma mid, maybe with that much strength just take it ?? guess so, more stat's to do LOL Momo's gone flat, turn up, under the 10400 lets play short 10395 SL 10, SL hit -10 Looks to turn 10397 Long, +9, Upper BB flagging call it +6 realistically. Eccks, things to get done, guess play the F12 game more tonight, until I'm a master of it! No trades till monday PM or Tuesday planned, meetings first day back
Less keep pressing F12 till I kinda get reprogrammed to trade more efficently!! DAX 11th Dec 15:30 start time!!! GO!! Plan... Possible UT Join. Low BB hold.... Play range L10352 Firming up, Out 10370 +18 Plan... Sideways, missed top of range 10350 area L10352 saw +13 didn't exit wanted tad higher! SL hit -5 Plan... DT forming look for short entry... Error, still Range don't go trend so quick fool! Plan.. Top of BB range S10367 Out Low range 45 +22 Plan... Range, Long 45, exit 60 +15 ( quick entry required) Plan.. Range Long 10345 Exit 60 +15 Plan UT... Join L63 E82 +19 Plan... Get back on UT ( missed higher never mind ), selling to hard, wait 10350 again, wait, 8BB low flat L soon ?? L10353, turned DT SL hit -10 Plan... DT enter top BB.... Short 10356.... Went +10 50/50 on me exiting on time. What's the score so far ?? +74pts it's not as accurate at Tick data but it'll do! Issues noticed so far........ I go TREND TREND TREND it's TRENDING, WAY to soon, default need to be Chop, until it's been trending for a while. Playing the BB range, works way more than it fails, Must TRUST BB Range!! Take a break, more F12 later and more and more until this method is 2nd nature, need the CASH!!
Some MT4 F12 ( 1 bar ), Sim work. ( Full bars not the same as live but hey, will try to not cheat ) DAX 11th Dec 12:28 GOOO!!! Plan first, Downtrend, take upper BB short, watch for basing and reverse! Didn't get In, going lower, no way to tell if based, or downtrend so no way to get in near 8sma mid
And another random day, well 2 days on and press F12 and see if I can trade better!! 9:25 start DAX ofcourse. Uptrend so far on the day, previous support @10730, news soon, don't know if trend / chop here. Few bars in, chop upward bias longs only. Long 10743 Exit 10757 +14 BB going tight, uptrending still, didn't get low enough to get me in, hmmm!! Missed a good move, maybe live I could call a 8sma entry ?? Long 10780 ( turn alert SL to 6 ) out 85 not going anywhere, upper BB downward pressure. BB range to small to play chop, not enough upside IMHO holding. ( missed a 10 ) Risking 10800 sellers, short 10796, out low 87 +9 still counter trend! Turning down maybe?? Short 10787 near top BB, missed exit, can't tell out 75 +12 ( watch it tank ) Chop or trend, can't tell, stay out! F12'd too far, BB range worked a few times, then uptrend, then back at 10800 here, drattss ( poo break ) missed 2 nice long entries ----- Less trades, too trendy, got to admit I don't do well in trend, stick to BB Range plays, with trend, don't try to call Trend Persee odds seem to low, where as BB range odds very good. Getting there, more later
Took an another huge contract, sucks!! but guaranteed money so all good! Method, looks ideal, no trades sadly, but that little BB range is just sweet as sweet as sweet. Future is looking, well SWEET * Car crash and dead tomorrow LOL