On a day like today i will have no issues making a damn good wage, if only all days where like today. Work getting in the way
Quick review of method / the day, okay it's not really fair today is a 1 way only kinda day, cheating. Open, downtrend, 50ema down pressure. news related UP run, BIG TIME, loss expected. Can I jump on ?? find out when on and switched on 1 day maybe. 50ema reverse then another 90ema reverse 50ema reverse and another small bounce Turn under the 50 ( watched and called down move live ) bounce off the 180 briefly then 16 downtrend kicks it's butt Straight though 180 and 270 like not there fair enough Back upto test 50 and reverse ( 90 and 180 near to ) Break out back to uptrend. reverse at 50/90, then 50, then 90, then 90, then 90 down to 180, stuck nicely between 50 and 180, back up off 180, NICE!! 50 There really isn't any real losers, well 2 when trends changed but would of likely missed them, INTERESTING!! Old MA directions S/R dynamic mixed with a simple range, could be the solution I've been searching for, for all these years!! Was getting annoyed of not getting anywhere recently, nearly cashed it out and had a nice holiday and said screw it, losses are fine if I get bigger profits but hopefully back to profitable US30 and DAX bounced off 90ema just. Have not got the urge to change anything for once!! ( 10mins later, all changed LOL )
Just missed a perfect 90ema bounce for 40pips so far and possibly still going, why didn't I trade it again, I'd approved evening trading after all for just this, I'm so USELESSS !! Too damn tired to give a sh#t!
I can do Heikin Ashi on my tablets and phones, never really looked at it previously, it's basically an average filter, to filter out noise, could be better for holding onto a trade longer, but worse when you want out always swings and round thingys. Watching GPBAUD's live action, new and normal charts, HA looks like downtrend still, norm a bottom which might reverse, went lower HA winning , but then massive spike up ( off 270ema LOL coincidence maybe ofcourse ) Nah better off with the 4sma hl/2, doesn't hide actual price data and more definitive.
So, got 50, 90, 180 and 270 ema's, that a lot, lets test them all indivually and test for coincidence, be a scientist moron!! ( changing to 50,100,200,300) 50.... Too much interaction, defo on the not coincidence 100.... better than the 50 No all 4 actually work, the market actually does pull back to a 200ema trend line and pause and reverse off it. Want to dump the 300, then I spot areas it works well, keeping all 4, will monitor live and see if it's confusing me. SLEEP shattered!!
Issues, too many SL hits markets is to crazy going back to a method that used to work well for me. sL out to 20 with a 2nd position at a pause @-10 area. Only with the ema based trend, ie they should go my way sooner or later. Just cant be accurate to within 10 pips these day, trend wise maybe but think i will stick with same plan. No losses from dax chop hell so far. Sim only
Functional again, half the lot size but can grow that later as long as im able to function as a trader. Quick low stress $200, bad first entry ran to -16 close, setup #2 moving to quick, not a good price, 16s turning up took the $200 thanks muchly. Markets just stalled on the 50ema, i better get to work
Quick $150 . Bigger SL less got to be right fear, more trades more profit. 50ema is beefed up, 50 greater than 16 shorts only plan back in effect. Looking good so far
Still tricky, if id of bought a low, it went lower, 2nd position then id of gitten to a nice profit only briefly. But the trend turned down, although other trends where already down so fair enough. Make the 50 a high and low, then short in that range if market going down, which is current setup. Getting confused, got to keep 20sl or id of had a loser today, lets go back to few losers and safe exits when the trend turns on me. Easy