I use stop limits to enter this market then ave down, so even when spreads are wide, makes no difference to me.
Dropped to dont really care 10th lot size, training mode, just banging a batch of nothing trades to boost confidence. Over did bike ride last night, did myself in, not helping. Method looking fine, time to switch brain cell back on.
Simplifying, 2 variables = choice = screwing it up lol Back to 6sma range scalping with direction, SL tight, single position. Got to keep it simple, just take 100s of trades.
Added 2nd envelope 7sma same, 0.06%, loosened off SL, back to 2 positions. Pulled back $120 last 30mins, putting me +$20 on the day, +$100 on the week. Better than a loss, but useless really need 10xs that, maybe next week.
It's Friday, what is my new theory that I make some cash off, but come Monday can't actually trade live and repeat the circle, does it just take me 5days to warm up ?? and get hot ?? Obviously on big runs, it kicks ass R:R through the roof, it's the rest of the time that's the issue so........ Rules First :- Gauge direction of the 7sma's IF Up then enter near the 7sma or lower 0.03%, 2nd position as required, SL just outside the 0.06%. Exit, worry about that later, pretty good at exits most of the time. Test Today, DAX 9am........... 7 down, enter near 7 +18, Next entry Spike SL hit -7, +20. Bottom forming, UP, profit, profit, profit, turn so loss. DOWN, profit profit, bottom forming UP, profit, profit, Loss DOWN, Profit, Profit, Profit, Loss UP, Profit, HUGE Profit, Loss DOWN, profit, Loss UP, Profit Obviously, ZERO Idea, when the Momo will change direction, so -7pts loss every time the Momo changes direction, most profits are 10-15 so fine. Goes to Chop, still good odds on this setup getting to profit. I'm seeing very few false SL hits!!
On Previous days!! 12th May, YES 10th YES!!! Well, fairly simple, if I can't remember this then boy I've got bigger issues SL was too tight before, hence negative for a while, too many SL hits. 2 positions required for sure sadly
Only 1 loser here, the first trade on the chart with the X! 17:20 maybe a loser there, if I hadn't of taken profit in time, on the basis I traded that long, just got to profit then slipped away thinking, should of shorted there, yep took that trade live LOL BEST CASE Chart, finding a worst case!!
okay, looking for a bad area, I can find bad trades ofcourse, spikes that needlessly hit the SL before reversing also, but there really aren't any bad periods, like REALLY!! Sure Live i can still screw it up mind Pulled my ass from -$100 to profit to +$20 today LOL Trusting the 6's direction and range and just entering will be the tricky part, need to turn brain off just follow the program!!
Quick, Random position entry check, works pretty much every time. TIRED! more sleep, work monday will trade at work screw em
DAX closed today, been busy anyway, teating on us30 looking good and simple. Daughter, row over nothing, moved out 80miles away to a mates, there goes my stress and time wastage and hopefully cash drain, although doubt the later. TIRED!