Zagging off the emas today, vague but with a 20sl shouldnt of been an issue. No chance till next week fully booked and shattered, then clear, i fear very clear, better have trading issues sorted, 3 months cash in bank, so easy.
If I'd of been paying the vauge uptrend kinda off the 300ema area, for bounced all day, 8 bottoms worth 20-30pts a piece, that would of done nicely. Just broke down, that would of been a loser ofcourse, short entry signalled 8900 and going lower, sweet. All looks okay again, I have a working plan!! 100hours of sleep, then back on it easy peasy !!
I wanted the short 8892 call it, 2nd position under the 100ema just under 8900 8896 call it. How long to hold ?? out 87 so +5 +9 $175 area I guess. Lets see how long I should of held!!
Defo on the out down here, double bottom, look to setup short again. +20 +26 = $575 would of worked for me!! doh!!
Nice downtrend waves into the close, short top of 16 range near the 100ema. 1 I live called and the exit for +20 and +25 ( twice kinda ) 5 other reversals. New plan is looking good, ofcourse will need a new plan by next week to trade the new and funky market conditions LOL
Today looked super easy, 200 bounce 200 bounce, 300 bounce, 300 broke on the 300 dead, I like spotted the uptrend on the 16, stalled the 50 loads of bounces off MA's 300 broke with conviction again 20 SL and 2nd position at a pause sounds wasteful but stops damn spikes taking me out for no reason, not gong to set a limit order for the 2nd position, incase it's a fall through, no point losing more then. US30 worked fine to.
Back home, long 9049 lets see if we can have another run to well highs would make me happy well ish!!
Failed to break the 16, went lower, the 16 could be calling the shots and down she goes. Tad lower for maybe 2nd position, 50 kicing in and going up already.
How to trade a 16 down channel, against everything else being UP, it really is a guess I fear. Trying a 24sma in a cross over kinda manner, but with a 20sma it's kinda pointless, well totally, but that 16/24 be strong sadly as I'm LONG!! Putting in a nice base here, could easily get a run to new highs, but I'm in it so no chance as always. Lower highs, soft exit -$111 is looking tempting, then watch it fly, decisions decisions. Looking better Better use of 16 is I think all that is needed to bring in huge profits, back to 10SL if that's my method though. ARGGGGGHHHHHH!!!!