Dax and Bund had sideways action which I expected since yesterday was tending day, so took smaller targets, got my small Goals and walked away.
Method is failing, theory of jump on momo existing, ride it, take profit won't work when momo is so useless in short. So faster setup, 9bb 2.2 and 18sma. Trsting currently, but trading the direction of the 18sma, its going to be a tight SL 8 area, single position. Only the start of the 18s momo turn aswell. Need to test if that will still work on momo days, needs a basic 1 method does all, repeatable fir ever deal here and SOON! Better go crunch the numbers and charge ipad 3%left, been sat in the car working the isssue for an hour, outside my house lol
Showing some potential so far. Bb tightens, period of slow, picks a direction breaking out of bb range, good odds on trend move. Made 3 small trades pulled in a quick 100 ish back up on the day Auto sl at 10 reduced all to 6 area, margin to close so $9 per pt here, left 6pts on the table just. Tad happier, need to test on my good day last week see if it still works i guess. Its not that I'm not making money, I'm just not making enough
Lets test 29th, my good on fire day!! Faster Trend, got to get head around 9am, BB Tight, direction down, shorts near 9sma worth 20 9 flat, shorts near top for scalps with 18. huge break down, fluke if in. Correct to top of 9bb range and back down. Scalp + Scalp + 18 turns up, multiple ++'s up the 18 line Yeah it RULES!!!
Today.... Chop range I made on, still valid The turn down that cost me, entries called to join it. Yep, looking great, will give this a good go tomorrow!! Trade this range, with the 18's direction.
I have not changed at all how I trade Dax or Bund, I use a bar that is completely not touching the envelope as trend, I want to stay in a trend longer and have deeper retracements so there are change of trend failures. Two main signals is BB touch with trend and retracement to 10sma providing price is touching envelopes then breakout of lowest high. This is one of the systems where I don't use slope of sma cause the sma is too fast at 10, then have all the others as in chart patterns support/resistance, volume divergences. Am using 11 tick mental stops. Am using time stops.
I've got no clue or access to time stops or counting tick mental stops, too much effort for me, trade while I work is key. Our method's are getting closer, 9 or 10 nothing in it really, my 18 is quicker though. Give it a good thrashing live tomorrow all being well, I'll add!!
Time stops, so many bars after you are in a trade where you put stop at breakeven plus one tick. If you trading at work, really it turns into half assed trading and you are robbing your employer don't you think ? It is like stealing and often times higher spirits make sure you never get to collect.
LOL higher spirits. I built it into my contract last year, fixed Min amount and I get to trade while I'm there I was doing well trading at the time, wanted to quit, so a deal was made, then barely had time to trade and lost it again It's just on the Ipad, if I see a trade I take a few mins off and knock it off my time sheet anyway, so all is fair.
okay, test to get my head straight with the plan, they change to often. Basically, I want 9 and 18 going up say. Then I want to take a trade, near the 9sma long tiny pull back. Or towards the low 9's BB. SL exit is outside of the 9's BB or on 18 breaking maybe. If market is sideways, S/R forming then play the 9's range. BB squishes better odds, on going 18's way. More about risking 8 pt's trying to make 10 scalps for 5-10pts profit, than home runs here.