Make that 6 0.03 and 12 0.05 YM is becoming viable with this method, single position, not 2 like i plan on DAX.
New Method test I guess Dax and YM!!! Dax Firstly ( Dax is crap in the pm why YM back on the table ) DAX Today, it was curve fitted for todays market, looks great as it should really LOL 8th Oct great also. 14th Sept, less Momo might be better off with chop method. 10th better than 14, just a slow chop day, just less trades not a huge issue. YM! Today GREAT!!! 24th Sept, just range and chop still okay, just chops between the 12's range. 19th Sept, good when US opens, DAX am, then both then YM later on. Trying for a all in, 10 pt risk for on YM 30-50 upside, win rate is going to suffer, but trying to knock the big loser trades which are coming back due to random chance and could just as easily wipe me out!! On it tomorrow
Got to change habits to.... 1. My level has failed, EXIT ASAP no averaging in and hoping for the best, sooner or later ouch!!! 2. If the 5 is up and strong, hold and hold and hold, until the 5 is going sideways. Expecting 60% profit rate, but average 1.5:1 profit factor. TIRED too damn much work bringing in loads of money, and still skint, how's that working
No trades yet, just woke but setups look great, much less its going counter trend take a quick profit and run, more hold and make many times more. This is the ultimate setup, the grail, the get rich quick, have i progressed enough as a trader to be able to trade this live? Find out today or tomorrow i guess. 50pt move, can trade $20 per pt, 1000usd+, 3 of those ger that bike I’ve got my eye on.
Can see the merit and the upside to downside looks great. So far watching live, turn down vague, upper 12 holds it great 2x's entry with a tight SL, went 40pts , 25pts first leg, entry upper 6 1x's for another 15+. Then the turn up, broke above the 6, stalled at the 12 upper, before breaking up. 20pts up. Live trade currently, 6 has turned down, broke below 12 briefly, nearly shorted 11721 1x's, still nervous. Current thinking is, 2 positions near the 12's ranges, 1 position, if near 6 and another at the 12, or 2 positions if I'm taking a fast 6 trade and 12 is too far away to run out to. 24, 25, 27, nearing 12 upper, turning back up again, that failed, price dropped below the 12 making me think, down momo, why, can I tweak, will it ruin other trades, is it just too damn random, pull back in a uptrend, moved 20 from prev low.
12 Envelope to fast, 16 still 0.05 is the magic number today and yesterday work better. Clearer earlier than the short op start was a downtrend. Lets see the live action this time.... Just Demo for the time being. Dipped below the 16L , 6 down, should of took a short 1P 11724, 05 already, next position never filled @28. 6 got back into the driving seat, risk 10pts profit @20pts, 6 on 2nd if taken. Quick look at US30, respecting the 16 well. 6H just got tested and rejected, could join short for another leg down in theory damn scarey trade, SL would have to be 16H, that's an expensive way away, 6L just reversed, 6 driving seat and Upward, lets see what 16H does
16 was taken out, 6L retested and moving higher ish. TRICKY TRICKY, keep theory trading, till it gels I guess. Should of taken the 6L retest long @714 +12 here. Adding 16sma, faint mind. Channeled the 6 range +22 here and still a hold. Work sadly, will watch and trade when I see a nice setup all being well later. This is 1 of my Carrots to crack this... https://www.ribblecycles.co.uk/ribble-endurance-sl-e/
Method fail, too choppy creates zero setups, live that i like lol Trying. ....... Envelope 8sma 0.04 and 0.09 Envelope 18 0.10 Play 8s ranges with 18s direction, 18s the line in the sand. Life!
Made 400 joining low 8 range, 2 positions long with 18s direction and hey presto nice profit. Too much doubt live the other way Blindly try range with direction and hope for the best it is then lol
Tweaks, missing the Envelope 5sma 0.03 so that's back in place of the 8's. Just made $180, joined near 5L as 18 turning up, over the 18sma also US30 similar but stronger pattern and hey presto, nearly a 20pt run up Start hitting $600 per day, then I know I've got it made in the shade I know which electric road bike I want, really like this 1 Mtb £2800 but do I blow 4K and go electric aswell, as getting old and no time to get fit ever!! Shame there isn't a vauge assist MTB like the road bike for occasional hill help, not full time cheating