Needs to go fast very fast, short fall next month so need to take out $600 area, need to make twice that really. Method looking ideal, best suited via Dax.
Definately gone insane markets do that to you well me. To many variables = no trades cause 1 always says go the opposite way can never just use the relevant 1 at the time, guess no way to know which is relevant to later Simplify, 1 variable BB 15sma 1.5 kiss or do nothing. Since instarted writing this its changed a few times and up 55 I'm becoming to range tradey, then let range continue against me, very bad. New theory is direction, enter a 15sma direction, bail on the BB 1.5 failing, average in between the BB range, then try to catch some nice momo runs. 1 setup, highest probability, master and repeat to rich or dead sorted.
back on PC, is there enough in this simple method, longer term, obviously it relies on me, knowing when to trade this and when to just not bother. 26th October, too choppy, 15 too slow to get on trades = FAIL!! NOOOO!! 27th SAME!!! BB 10sma 2.50 looks pretty sweet. BB 8sma 3.00 to fast. 12 2.5 to slow also. 10 looks ideal for what I'm after, worked just for the trades I made aswell. Chart included, shitty market conditions, no momo just just scalping on short term turns for a few pts, got to work in the near worst conditions if only barely then rock when some momo comes up. Right work, plan is to master this setup over the next few days, but give it a few days as running out of plans / going MAD!!!
Still fine tuning, 13sma BB looks best, scale 2.0 was testing well earlier but 2.6 looks better, back on the PC, lets do a quick F12 single bar test and see how it looks, SCALP Brain on!! 9:20am start today, downward, 13455 good buyers so expect turn up, short lived, missed it. 9:50am ish, downtrend move up and stall, short 13459 - sideways - exit 13451 +8 10:25 broke up missed, nothing... 11:25 just CHOP, no way to call or enter with BAD BAD BAD TEST!!!! BB 13sma 2.0 might be the answer, 2.6 was too far away
Still tweaking, looking better, missed a 20pt trade risking 4 earlier. So.... 13sma BB 13sma 2.0 Envelope 13sma 0.05. When BB goes outside the envelope, envelope works best. Tired, had 2 tablets in Lenova for a client the director of, set it up, dont even consider camera wouldnt work ( prev tablet camera died ) arseeee, 4 hours give up, put new windows on, works, took 1 photo, wont take any more, install other camera app, then bang device pops, going back to amazon other tablet identical, new tablet to replace will no doubt be indentical. Wasting my life on this shite.
Method 100% happy with FINALLY!!! ( for me to update all devices ) BB 14sma 2.0 Envelope 14sma 0.05% Got to get head........... 1. Entering with the 14's direction kinda blindly, early on in trend. 2. Knowing when to trade the Range with trend, or Trend likely to fail. It's more about, Risk 4 to make 10+. * Damn it's COLD today even in the house
Improved method is fine and gets me 70% there, but the old issue, is still the old issue. Hate that old issue, issue is, when do join direction and when do you call it's turned, doesn't have to be 100% but 70% would be good, I likely run around 30% at this decision, I'd be better off flipping a coin
Might have a solution kinda. The Envelope 14sma 0.05% is a great directional tool, don't really need the BB backing it up. Okay 14 Env is down, question is join / don't join the down?? So slowing it down, market is moving up into the range, what I need is a we've slowed down / stalled so atleast I'm not shorting a up move, although the stall could still turn into a up move, the odds are it won't and try to make more than I lose deal. So HOW!!!!! So far speeding the BB upto 8sma 2.5, then looking for a stall at the upper BB before going short, gives me a quicker exit on the event of a turn up to, looks interesting enough. Spin it around some more and test different variables when I get the time later.
Chances of trading this week are well possible, been 2 weeks maybe 1 trade, Monday looks clear atleast ( gets called out )
* firstly disclaimer, I'm already profitable, my messing is trying to get from mildly profitable, to hugely hitting home runs, profitable thanks LOL ( for Learner2007 ) Need to get back on Mission, 2-3weeks off, okay things have changed on how I trade. DAX is my ownly real interest for the time being. FOCUS FOOL FOCUS. I was tempted to take the first low range play @13109 Long, but risk of falling through, where to cut the loss, bla bla bla when that happens kept me out, not a bad thing. What I should of done, is waited for the BB 8am 2.5 to tighten up, meaning that down momo has dried up, then long same area, tight SL as double bottom also in play, so a sensible SL point. Currently not enough 14 based momo to join, vaguely up, but still no. * this is a thought excersize out loud, to get me thinking correctly, just works better when I type it out