Plan is forming, all index's here, DAX UK100 US30 and NAS100 all being watched. Method looking most promising ........ BB 20sma 2.0 9 sma Envelope 9sma 0.1% and 0.02% Caught the UK100 Move 50% in 7544 to 7549 +$60 nice. It's getting there, seeing what trade I should be going for clearer Trading Momo Directional changes, ie joining after the event.
Deeper the retracement, bigger the reward, but what I do is call them scalping/day trading system, dump half at smaller profits and then have runner for homeruns-many get stopped out at breakeven plus one tick but I made some coin when I dumped half. The smaller the retracement usually means to me quick profits and look for next trade. You get much more signals with small retracements and small profits to remain consistent, it better with these to get out while going in your direction and look for another retracement but not too deep into existing trend.
Indexs seem to be the fix until they die then back to FX I can get into serious trouble with the Nas100 $300 for a $10 per pt position wowsa instant account death lol
Trying to make enough of each trade that slippage won't take me negative. 1 loser , 2 profits +$90 area mainly watching, joining momo getting easier, moving away from chop, but have a okay chop fall back system. Trading small positions to. Progressing should have next 2 days free to trade, standard ramp up to try to go full time next start of next year same every year.
Tired today, cold, got zero focus, yesterday I was on the ball and joining, today back to not really watching and ignoring the few plays I've seen. Hopefully become functional soon, but if not always tomorrow.
Trying to get brain to function and not be lazy and take the first counter trend trade it see's and loses ofcourse. DAX and Nas both in downtrend, normally I'd be calling a bottom, then a new bottom would form, due to downtrend. So need to join, but then I'm thinking, but it's bottoming!! Arrggghhhh and this endless loop = Zero trades made. NAS pulling up, Short entry point ?? 6117, SL out to prev high 6122. Live trade Nas Short 6117.50 $20 per pt!! nice timing
I'm out 6114.20 3.3pts or +$66 DAX Same Entry time went from 13044 - 13035 +8, similar profit as I trade it at less. Nice!! got to force brain cell to think and plan and wait patiently and not get distracted, hence writing the plan here.
Trend change time ?? DAX holding over the 9sma, showing strength, lower BB turning up, 20sma still down so volatility ( average Bar Size ) shrinking, missed entry 13037 errrmmmm. NAS similar, UK100 down still, DOW already heading up. What to do!!