2 busy days then better get trading, 8am gmt to close via tablets regardless of what im doing. Having eyes on Gbpusd and Dax all day is my first issue, second issue taking the setups i see, early strong ones, not end of the day weak tiny moves. Plan to trade next 2 days aswell.
Still changing the plan.... Moving to slower... Envelope 60sma 0.03 and 0.08 Envelope 30sma 0.03 Became hard to see trend so moved to M5 charts using 13sma and 7sma to duplicate, added 1 for limited data accuracy. Trying to read less into noise and join the trend and ride it.
Removed the Envelope 7sma. Going with 12 0.03 and 0.08 and a 36 0.01 ( fat SMA ) Issues........ Not many setups per day, hard to focus. Trading mainly against the 3hour SMA interesting. Need a change, been scratching my head and going around in circles, for too long, more intraday swing than intaday scalp, longer to think and plan. Lets give it a good go!!
Need to move to a 8am till 9pm watch casually, take trend only trades, move SL, while doing what ever else I'm doing, why I've got 2 trading tablets 10.5" ( office based ) and 8" ( walk around ). Less M1, FOCUS and Trade, more take it easy and trade along side life / gym / walking around / work. More see, what happens, I see big 30-40pt moves frequently for risking way less. It's not the scalpy 10pts, 20times in a day like I'd like but hey, needs must!!
TOTALLY NEW METHOD TIME.......... okay, today SLOW as SLOW, so not a great day to M5 Swing, but watching all day, there is like 2 trades to play, just useless EPIC Fail!! So new method, chart setup...... Envelope 30Ema 0.02% Envelope 60EMA 0.03% Entry Logic.... 30 and 60 ranges going up, enter low 30 range or low 60 range and join the trend move. Also, a break above the 30 could signal momo change, so enter on 30 taken out, if it takes out the 60's range PROFITS, if it's looking weak bail, SL other side of the 30 / 60. Pretty good just off the 30 so 60 might go, but I like a fall back and covers more market conditions.
Also tight entries on US30/YM, lets be honest, entry method for YM with a 3:1+ Win/Lose ratio, is pretty much the way to get rich and retire from this hell!!
Perfect entry and market ran +200 on dax in no time, risking 60. YM perfect entry, went 40pts so far. Those EMA reversal points, i found then lost interest in, setup on ipad as sma thought i see nothing, EMA and hey presto No more Range, purely direction with wibble room, early days but promising.
Confidence high, US30 trade +120 Last pull back to lower 60ema channel. You can see the previous entry time, traded DAX but very similar setup. Nice
3 pull backs to the same line on US30 worked out great ( switched off sadly ), sitting on the 4th pull back here, up a tad already if got in really really low ofcourse. It looks like a sensible plan, FINALLY after years of trial and failure is finally here.
Bank holiday madness, rest of the world monday i guess 1 trade quick 130 on gbpusd, if for the time being, try to trade US30 later when open. All looking promising, must revamp auto SL outside the 60s range. Good job i spotted 30emas strength recently and revisited. Missed a 2nd entry on gu long just i see.