Method tweak,which should help. Todays action mae 11sma 0.03% is the area where odds on a turn become very likely. I was buying out to 0.04 which is technically trend likely to change. So basically...... Trade with trend upto the 0.03 area If 0.03 breaks momo shift likely, exit near 11sma if resistance / 11sma turns. Looking like 0.06 is my line in the sand, it should only be hit in worse case flash moves or slow trend against me, obviously i don't move SL away, but i will move it nearer to reduce the Sl. Got to cap those losses some where.
Operation, cut losers has begun, death by 1000nd cuts expected can never win Uj long failed, loss taked -55 reason break down, which just reversed to small profit here typically. 2/3 size. Short taken 1/3 113.28 SL .34, will down hold or have to practice exit plan again lol Trading these at 80k each position.
0.06 is to far out -55 Back to 0.02 and 0.04 same rules. The second that 11 looks to going the wrong way, time to give it up, tis strong.
Okay 2 for 2 making me practice my exits. Additional, entry side when trend intact with upto 3 positions, need to take 1 ( say downtrend ) near the low 0.02, then next 11sma then higher 0.02, reason it never pulled back enough to get an entry. Next issue, what is the nawing sound under the bed in the spare room, driving me crazy all night.
Got to be a heater pipe, daughter tried to spend 1 night there, something annoyed her enough to go home, guess that was it. I dont normally sleep in there.
Okay, consuder exit plan and tweaked entry plan all fine, until proven otherwise. Additionsl.... This goes against the grain but..... If presume uptrend, get 1st position low 0.02, shall i take 2nd and 3rd on the way up, so in reverse of entry. Focus still on, looks like market turning, dont hang around get out asap.
Screen ordered, 19" not widescreen £8 local collection, easy as USDJPY Test, the Move down ( cheating as I'm testing a Move I understand ), turned down, entry at 0.02, then 0.00 then -0.2 went 11pts. Entry at 0.0 and -0.2 made a profit to. Up Move respected the 0.04, 11 turned up so exit, build long, worth +10 Spike below 0.04, failed to trend, if I'd of played by the rules out BE area. GU downtrended, followed the rules perfectly, entries 45-50 exit 20 so +25 nice. EJ worked fine to, uptrend, didn't quite trigger downtrend. DAX well DAX is dead, not trending at all, recently, I'm sure it'll be back and FX will suck though.
Pulled back 1 of the losers atleast, got out early due to news in a few seconds. Really should of held. Added a 15sma, it's a crossover thing, rather than rely and ignore the 11's direction, add some lag with a 11/15 cross, which determines direction I trade with. That Flips, look for Exit and Flip to stay on the right side. Breaks out of the 0.04 BAIL Fast. Next issue, holding on trend long enough to wipe out many losers then next issue. GET RICH!!