It been very fun today Dax, Bund, T-notes, took 8 trades in coffee-am starting to love this market, do get slippage, but can get 3 bucks on couple trades, did have couple losers but I will always risk 40 cents to eventually get 3 bucks. Do so well, going to take tomorrow off on other than ES systems, as I usually get slammed after nice days.
Increase trades after next week's holiday, work might go slack so needs must but thought / hoped for that before. Just play the range with direction kiss baby.
Well range is range, but sometimes it has momo pushing it 1 way or the other. So with the momo if there is any, I'm just playing the range and bailing if the range fails against me or the trend changes. Confidence to jump in is whats been lacking for the last year or 2, i was doing similar and very well, then i took a large 3k drawdown and confidence went out the window, then over thinking it. Just got to turn the brain off, stop second guessing it, play the method and role with the punches.
Range is good as you can risk next to nothing-few ticks and three bars to get to breakeven plus one tick or than a tick and on to next signal.
Cant accurately predict the range, hence its stopping here go long, drops lower within take 2nd position. Just put a 60sma based 0.08 range back in, called the daxs sideways chop into the close well. Got to in chop like that ignore the 15 based trend has turned and go with the slower wider range, or I will be jumping on short term direction and get chopped silier. Issue being I will fixate on the 60's range then counter trend trade, got to not fall for that trap.