Screwed up an ej trade, lack of patience, took trade 1 to early, trade 2 way to early. Sl to tight trade 1 -44 Got that back on, 3pts higher Trades got back to profit, so only down $9 no biggy. Left trades on +200 ish here lol Earlier I felt like a Pro, now errrr maybe just got lucky. Lol Need to get better at joining a moderate speed trends, info is there, just got to use it. Mountain Bike time, still up day, first in a while room for improvement defo, method will get me there
Okay, when trend is pointing my way GOT to hold longer, when I exited EJ for a -$9 loss that ran at $16.00 per pip/pt I could of made $500 on that 1. Method held up well into the close I see. Had Fun today, made some okay cash nothing special give it back x's 3 tomorrow no doubt LOL More patience, need to bone down and what I should trade and shouldn't, maybe tight SL control not sure ? need to exit when a range start to get taken out, not take a 2nd position and hope for the best LOL 2 positions have good and bad sides......... Good, :- 1. Tad off on my price, no worries get a better price and make more. 2. Price runs straight to SL, likely not got 2nd position so half the loss. Bad :- 1. Creates a errrr price looks vaguely okay, I'll take a position then another lower most likely, then it goes against me hugely and I keep holding. 2. Get a good entry and only get 1/2 the profit. 3. Get to a small profit, 1/2 what it could be and rather than exit, hold it down to average then hope for a 2nd run at it for more profit. Think on this!! It's never ever ever ever easy, around in circles as tere is no right answer
Trade 1 - 82 which is too much, Id tightenen the SL, 2 positions 9 pips in total and 13 comms as EJ. Hit Sl reversed be +17 here, about +200 arseeee
I hate the spike too. So I have found a way to prevent getting loss from spike. In 1 minute interval, when you observe price stops depreciation in downtrend and volume increases with upbar or if you see hammer then it indicates spike will come. Vice versa in uptrend...
Right, firstly ej dropped from $8 to 5, others dropped from 6 to 5 aswell. Strategy time....... Okay what can i verify that is a real i mean REAL EDGE! 16sma defo better off going its way, repeatly many many times, so keep YES! 16 envelope ranges, do they appear to work yes, do they drop me in the shit yes, are they coincidental line ups? Most likely, so keep NO! 5sma, slow it to 6 keeps its structure better, direction valid YES, useful for price change NO to choppy, buy near with strength good a place as any, keep kinda YES 6sma envelope 0.03%, range valid 95% of the time
Right...... Prefering 18sma H & L for my trade with only, the H in a downtrend for instance not a bad short entry place. Plan..... With 18s direction, study and master enties and exits based on 6s range. Single position 6sl on dax. Trade 1 kicked my ass, in long 16, sold against me, tighten SL to 12 as it moved up, 18 turned down, 6 down, spiked to high 6 then SOLD like crazy prefer i could close. But only lost 22 can live with that, can live with that of I'm 60% profit and making 30-50 regular.
Sadly no access to volume. Having a bad day, another -23 trend reversed on me again, atleast loss was small, which i like. sL hit perfectly, trend still down, reversal off high 8 shows sellers are in control. I'm focusing too much on method and not bigger picture, calling itba day client and work to do -50 on the week, dropped 200 today all in arseeee, not 1 profitable trade today lol
Looking okay, despite a rubbish session today, somedays you've got it and somedays you SUCK!! moved back to 6sma and 18sma for H & L, 0.04% range on the 6. US30's been trundling down the 18H line nicely, nice action on US30 DAX it's having a MAD day, downtrended nicely for 20+ pts, nearly took a long for 15pts real quick dratts!! Object is still, to buy a mini pull back with the 18's trend and hold for 20-50pts depending on market conditions. Which I plan to do, while only risking 5 or 6, super tight entrys not going to get a 50:50 win rate, 40% win rate might be expected!! Should of made 10pts just, jumping on dax uptrend and letting it ride Lets see how long this method stays around for!