Looking good so far, just jump on direction, STOP THINKING, let it run for a bit, KISS!!! Thinking is the thing that mainly kills me, surprisingly!!
It's working Small regular profits, tight SL's 8 area, 2 positions at the moment, might go 1 later though, staying on 1/2 sized. Going with the 33 and using the 33 for the exit zone and entry in ways, solves the staying on trend issue nicely and also the bail give up point. My issue, that keep costing me are......... 1. I buy a with a trend pull back, but the pull back is too strong and likely a trend change. 2. When I get the trend change on me, I HOPE ( the mind killer ) that it'll turn again, and more often than not the new trend keeps going. 3. I waste a butt load of time, holding a position, when I could of took my $50 loss then made $50 like a few times over. But I'm on it and kicking butt !! Lazy biggest issue, ohhhh yes, arsed to trade, kinda struggling
Today SUCKED, down -$220 Okay it's not a big amount, compared to size of profits on the table. Trade 1 for -$80, got greedy 10sma turned down, SL hit no biggy. Trade 2 took the short with a 33 downtrend, it just popped to SL then sold off in mins for +300 profit -$100 Trade 3, GU -$40, could of taken $40 profit again, turned down on me again. Just bad random chance LOL Loads of really good trades called, just keep thy losses in check and keep on going, I want trend runners so +$200 or more, while risking $100, 50/50 win rate area expected!! Can't win them all
I hope you recover your loss on Friday! Today, EURO was not easy either. Too many spikes, it was like running away from earthquake and the trading range was so narrow too. I focus on A/D and moving average and 1 min/1Hour time frame to escape all those dangers. I think that both A/D (in terms of its buy/sell imbalance pattern) and long ma (e.g. 50 and 200) show the dominating sentiment. Seriously, today was really hard as price action based on daily timeframe turned out to be useless.
Lets do an entry test for today, prove just dumb random chance. Dax 9am gmt start. P+10, P+20,P+10, L-8, P+20, P+8. Trend turns up called, P+20, P+10, P+10 Trend turns down so L-8, P+20, +10,+10,+15 1:30pm news time, uncertainty avoid news anyway. 2:45 uptrend called nicely. Annoying there are my 2 losing trades, although I was on YM. Uptrend turned down, triggering Exit US30 didn't show 9400 being it's top doh! The downtrend took short as plan, broke up back to upside SL hit again Then TANKED big time as it does Then I went GU STUPID!! Entry short +10, +10, +6, turn up so loser -6 then skips up long for +20,+20,+10 Defo dumb luck, stick with the plan
Got tomorrow off, taking a HOT Blonde shopping, likely cost me more for less fun, but got to try LOL Looks great to me, I just had 30mins or so to trade and sadly traded US Lunch time, indecision time so caught some chop, should hold off till after 7pm last 2 hours into the US Close Here is my charts, Arrows are entrys, if it loses then an X near, there are 4 X's on this chart and 14 entries, so 10 profitable entries
On the plus sides, Rules seem easy, seem valid most of the time and it's simple enough that I'm despite todays losses, actually using the method although poorly entry and exit wise. Engage brain a tad more, consider the time to avoid chop, stay out of weak trends maybe and hey presto I'm a slightly less poor person LOL
Zero trades, damn school run!!! DAX Wise loads of entries long with the 33's direction, like LOADS near on 100pt move up would of been happy with 30pts from that Had a break down, which was kinda visible, then a short entry then a double bottom. Current burn rate I better get this cracked soon, or I'll be adding $$$'s I kid you not!! Anyway hot blonde, not feeling it, odds are FRIEND ZONE, but atleast the view is good
Today is treatment day, so no Hot Blondes, I get one of those fancy square deep buckets, box of tissues and bring my peppermint hard candies. Don't like that sewer smell. I brought some food coloring this time, gonna have me some fun, ROFLMAO Remember Linda Blair??? huh huh huh... So Turveyd, what version are you on today, was going to say this week, but we know you ever do same rules two days in a row? I remember long ago I bought a book by Harmon I think it was, called Spike 42, don't remember, it called it 42 cause other 41 tries didn't work, well, guess he didn't test it far enough and should have gone onto "43", ROFLMAO. Me gots Dax/Bund sys automated, and made something with just 17/18 sma, mixture of either Triple, Double H/Ls, H&S and extended sma. Nothing hard, can't remember too many rules with me being Linda Blair today. Damn, wish I had taken the pea soup with me. Friend? If I wanted a friend, I'd get a dog...Dogs always happy to see you, even when you drunk and forgot dogs birthday, they don't get all pissy either if you pet another dog, nor take half your stuff if it is over.