Bottom chart was the method at the time, moved to top chart, where the lines/arrows are. First trade could of caught a bounce, 2nd entry was silly via new rules, why I've adapted. Closed it for -$90, $30 of which is Comm's, right to do so aswell so far.
that was a lucky exit Major break down after I exited, right after Scalping with Trend should be nicely profitable, if the Comm's wheren't such a killer, only 0.8pts so shouldn't be the issue it seems to be. Anyway WORK 4 clients to see and kid on the way home, fun fun no hang on, no fun
Time for the next evolution, as trading skills improve ( less hesitation ) methods which fail me but should work become available. I know ...... 8sma + MAE 8am 0.01% and 0.02% 18sma. Simple plan, trade direction of the 8 using the 8's ranges but only in the direction of the 18sma, 2 positions as always. DO IT!!!
Hesitating on the exit, just cost me $240 okay should of bailed -$80 area so $160 lost that should of been avoided. GU Long, double bottom thought I'll join the 18/8 trend being short and it turned against me, as soon as it breaches the range or the 8 turns I need to be out, no hesitation. Next Evolution required is, to remove the exit hesitation, trend has changed, CLICK CLICK exited already!!
Joined the UJ downtrend, not getting a break so far, doesn't seem to want to continue These trends, pause then move FAST to slip SL's and crush retail, which we all know from experience. Got to start holding the line / trend for longer, when it's with me, so that's what I'm trying to do.
Out +$100 that'll do, can live with -$150 until later Auto SL's in place, try to stop the running away with me, at the risk of death by a 1000nd cuts ofcourse, never easy. Holding longer term for MORE, always seems to end up, just holding to SL, need to stick to taking regular small range based profits and get back in again. Basically, stop getting into long term relationships and wasting hours of my life for nothing, get in, make a mess, get out, repeat with sister / mom / best mate, max fun, no heart break.
Push the 0.02% out to 0.03% then this is sideways chop range / weak on trend. 0.01% becomes trend entry rule, moving outside of this, good odds trend ending, so if playing a trend play, might want to exit not sure odds wise yet. MTB ride, first 1 in 4 months all but 2 days LOL I'm going to SUCK!!
Back to BE on the day, shorted UJ twice, was danger close to closing out -4 -3 but 1 trade made back the loss Should of traded upper range 43 to 36 for a quick scalp to. Bad start, wanted to test method, limited time, took trade despite double bottom, got to engage brain more. Come on nearly there, love to close up shop before my week in Spain or atleast be very close so can go on holiday happy I won't have to work much more.