Nearly trading time again, can I keep it together, trade more and maybe hit 1k+ this week? Added 20sma and 30sma, medium and slow market conditions, extended 0.07 range with direction has good odds on making a okay profit. Most effort on timing 8sma based direction changes and joining mid move all with tight SL and good R:R ofcourse. Lets rock! Aus200 tradeable soon maybe
Us 30 expensive when getting it wrong -145 trade #1, looked to be forming a bottom, expected a turn up, WRONG!! Watch it rocket, know SL hit LOL 1min 8 seconds, that's a short trade LOL atleast I used a SL to to 43 area $70 worse off and looking like I'd of not gotten out as good, made worse my 2pt slip aswell.
Whoops, wrong on my SMA's, 20 and 30 removed, all hail 50SMA!! 50 was clearly and a quick back test ohhh baby, plays nicely with my 8sma's Perfect Short Op on US 30, the up spike I joined long hit the 50sma and reversed on cue, done it a few times this evening!! US is now turning up, typical!!
Added, Like I do!!! As skills improve, I can add extra variables and handle them, basically. Been toying with Envelope 4sma HLCC/4 0.02% I could of jumped on the us30's bottom @25934, cause the break down, slid back into the 4's range and 4 flatted, so momo stopped, could of moved either way, but R:R good, went 45pts so far for risking 10 with the 3pt spread!! Aus200 just, Broke down below the 4, by the time it had got back into the 4 zone, 8 had turned down, if not for off to bed, I'd be looking to enter short and keep an eye on the 50sma for a reversal point. 25sma and 50sma is what's required. US30 uptrend pulled back to low 0.04% Long just, lets see how the theory goes shall we. Long 77.50 SL 64 currently, will tighten soon!!!
Worth a try, SL hit at -70 damn IT !!! I'm over complicating it and losing the damn plot LOL 8 turned down, short 77 called, SL be +20 here, typical!!
Okay, delete, KISS!!! Just Envelope 10sma ( tests better ) 0.03% and 0.06% US30 short 25957 , 20pt run down please, I want my $$$$'s back LOL
SL hit -115 just can't get a damn break!! LOL I should of bailed, flipped to 100% honest, fairly clear direction change AGAIN!!! Lose a little, when changes, make a LOT when it goes your way, NEXT!! ANNOYING MIND!!!
Still working on this, 3am LOL I'm ANNOYED more than anything else. US30 is dropped, back to just DAX so no evening trades, can't manage losses well on US30 in short. Looking like prefered method, is back to my ............ 6sma Envelope 6sma 0.02 18sma Envelope 18sma 0.03 Only take trades, direction of the 18, so 6 and 18 need to align!!
Method decided, 4am so errrr year!!! 8sma Envelope 8sma 0.02 16sma Envelope 16sma 0.03 Good Risk side, good R:R not too whipsaw like US30 was which cost me badly tonight. Trading tired and stupid and not thinking is the issue!!
New method approved, just 8s on ipad, looked great today, but anything slower or choppier the 8 and 16 work better. Very few false exits, ie where its broke 16 range then went the other way, which is good. Last night just did not give me a break, lets ignore this valid setup goes 40pts, lets take this 1 instantly turns against me, although 16 rule kept the profitable missed and filtered out most of the losers. Never easy! Everytime i try to make a quick buck it fails, crazy!