Keeping didn't last 1 night as per ususual, but only a small tweak. Speed up the 12's to 10 and add back the Envelople 20sma 0.02% to judge slow conditions. 5 for fast strong markets. 10 for moderate markets 20 for judging slow trend to play the 10's range with. Should cover all, market conditions!! hopefully!! ( well most )
Right rules... Single position keep my losses in check and my fear down. Because less scalpy and more hold with trend, easier with single position. Enforced single position, by dropping margin to 100:1 from 200:1. Profit taken dax long +124 Need to rework method for trend joining and hold plan. So.... 12sma Envelope 12sma 0.05 Envelope 24sma 0.02 Better start using SLs aswell being all professional like boring
Loser -112 joined short broke up, no drama as can’t average myself into hell and back Shouldnt really play this high risk, trend change times, slow and steady.
No more trades, zero time, but that's actually REALLY nice little trend following, good reward to risk ratio little system. Setup is easy, 12SMA is above the 24 little envelope range, 24 going up, play the 12's range long ofcourse. Going to put cluster bottoms back into the mix aswell, big areas of S/R seen a few today, wanted to play them didn't, good 30pt bounces from risking 10 say. Promising and EASY!!! Turning greed off, ie 100:1 and no more averaging down, yes it gets me small profit frequently, but then bites me on the ass, and worries me too much draw down mid trade wise, to hold for good profits, so yeah NO MORE!!
Realising why I’m skimt all the time, food £10 per day, fuel £10, cat food £5, kid £5 thats £900 per month just there feck! Economising while i kick this damn markets ass, £60 per day is all i need, so less greed!
Sim test, dax 23rd Oct no idea on time, big move down just random entry time. 12 turning up, 24 down, just chop no strength staying out. Turned up, ran up didnt pull trigger. Broke down ran 100pts that would be beyond nice. System for 3hrs useless, ahhh charts are +2hrs middle of the night don’t panic! 9:30am 23rd, up moves worth 20pts 10am dt short 11280, basing exit 57 +23 Repeat 64 saw 30 10:30 trned up long 266 exit 305 nice 2 entries low range , 20 a peace. Make that 4, entries keep profiting nice sign 11:20am gmt this long, might cose turning down, got to profit, id of held lol Higher and higher, then 13:30 usa news time, break down, got to jump on them. Possible loser 15 area there 14:10 Section of uptrend thrashes and back to entry, 20 3 times Summary on the day, wait for the right market type and 50+ pt moves, win rate 60%, profit x2 average nice. P.s. move to trading us30 and 400pt moves today, being called nuts!
24th crazy day, worked 80% of the time, better than 23rd. This is ideal, sit out no momo times, learn to let these plays run and hey presto retire.