Need somewhere to think out loud,

1st 30 min line in green was key...

 

M1 guy here, uptrend on my 100ema, set alarm where id want to get in, checked back on it just as the run started doh!

Going to start trading GbpAud aswell, only during trend, same setup but its tighter range needs a 0.003% envelope, getting good test results this am.

Got to work out optimal times before it goes flat later.

 

EMAs still lag price.

That 30m high / low is very good. Keep it simple.

 

Not the way I use it, 30m doesnt give me enough detail or enough setups for me.


Only got 100ema and envelope 11sma 0.008% i think it is, if uptrend go long near the low on the envelope, needs some experience but thats the basis of my trades, this week lol

 

You don't understand, 30m refers to the first 30m market from the open, not the chart timeframe.

But good luck anyway, I don't trade the Dax these days, not worth the stress.

 

Ahhhhh, I'm not up for the first 30M to jump on the starts direction game.

What do you trade then ?? best instrument for my regual income plan, GPBAUD becoming backup for slow DAX days.

 

I trade stocks. My journal here is updated weekly. Nothing spectacular.

 

I stopped trading stock, 2000 / 2001 area shortly after that stupid SEC pattern day trader rule, was full time before that ruined it Watching Live pretty much, then at night running the screens and looking at 100's of charts to find the next days watch list, was wayyyy to stressful and time consuming. These days I open Ipad or Z Ultra, place a few trades when I get time and walk away.

Trying to go full time though!!

 

Yes, the important thing is to find a style of trading which suits you.

I have traded index futures, even FX now & then, but they just don't suit me.

No need to look through hundreds of charts, I believe in keeping it simple.

But the point I was trtying to make with the Dax chart was simple - a break of the 30m range with a buy stop was the trade of the day, no need for EMAs or anything else, then just trail a stop.

Some days it won't work, but on the Dax, many days it does...

 

Not awake at 7:30am GMT so no chance on that method.

My method is simple, don't get many losers, unless I'm trading STUPID ( Last Friday LOL )

Need a holiday Normally go first week in September, poor this year so nothing booked at all