Progress, forcing my self to be patient when taking a trade and exiting, 6 range is helping me judge market reversals better, making some cash today despite DAX being tricky at best. There is an chance im better off without the 24s range, think on it later, 6 range more important.
24 range removed, smas 23 and 25 added tomhightlight the key 24 direction. Prev long +35 here, took 10 doh!
Another 10 broke up 2 seconds later fir 15 but hey. 6 range is working well, i seem to be solving my entry with trend on a pull back issue. Progress
Tweaking it live today, to what's working currently will it work longer term, work on that later... What do I like...... The 90sma rocks KEEPER!! 24sma very valid direction 1 shade faster ofcourse, keeper. 6SMA also nice With the 6sma Envelope 0.05% it's to fast for a channel effect, trying a 10SMA setting, looks to be a slower nicer channel to go along with. speeding the 6sma upto 10sma becomes useless sadly, so got more info kinda. And this 10 channel out performs the 24sma which 10mins again I said I was going to keep and I just deleted it
This is looking quite simple.......... Trade the direction of the 90sma ( above Longs, bla bla bla ) using the 10 Env 0.06%'s range. That's loads easier to trade, see and more importantly TRUST!! Counter trend trades are allowed, tight SL being 6 area, avoiding strong markets ofcourse. EASY!!! Method's are like woman, they come and go LOL
Quick easy 13 pips risking 6. I've just broken for the first time a +$1000 day, in only 5 trades and no losers and I'm leaving a LOT of trades on the table and trading ILL which is generally when I blow things up LOL and not 1 bad SL move not that I had any losers so can't really count on that yet. This shit is becoming REAL * might stop trading to secure the +$1000 that and may get cocky and blow the account LOL *
Loving the action, via the new 10 channel thus far. DAX is putting in a nice bottom here, been tempted to Long it, as it pops up drattsss. Still don't like really fast market times, but there is enough slow times to make me happy!!
Had a loser on the way down, trading STUPID no biggy, should of been trading DOWN doh!! Took a long 8970 eecked out +12 so covered the loser, tried to hold, tried to hold, started coming down, screw it too scarey for me, exited and instantly broke up, be sitting at +40 here. INSANE totally INSANE, when the chart is jumping 10pts up and down in seconds it's just nuts, the loser got to +10, hit close before I could hit yes it was profitable to SL in zero time. 10 channel worked well though and the 6sma aswell/ WALK AWAY!!1 LOL
If I'd of just left that trade on I'd be +110pts here thats $2750 area ecccksss! Why did I go out for a bike ride DAX normally goes dead after 5! What did I learn today.... a) I suck in fast markets especially when stupidly counter trending. b) The markets a bastard, just when you think, turning down BAIL it runs 30seconds later, shorting I guess for the double top before being broken out then wowsa watch them run. Literally my order filled and I'm like it's going up aleady, shoulda got back in hey c) 10sma Envelope channel is STRONG and true and very useful. 100% sure on this being the future!! d) 90sma is still the baby interestingly e) I suck ( thought mentioning twice ) f) $1000+ just day still and still not happy LOL z) I'm still trying to pick bottoms and ending up with smelly fingers and getting out okay due to pure chance and a fraction of skill, going with the 10 like I SHOULD be would of made me, way more pips easier Sucks sad part of my last profit was, I'd already held to where I sold, it looked strong then dumped, was worried about another dump, prior to that the buying strength was strong, but running into sellers but they was getting less, really tried to hold expecting that exact break out! As I'm trading with man flu, I shall forgive my errors LOL