Tried a DAX Long, wasn't going anywhere, NQ going higher so took a BE Exit and ran. Timing is also key, got to be around the start of trend times, not at the end of trend times Around 1 hour before to follow and get head in the game really.
+3pts on NQ just, played a cluster, kinda thinking trend turning down so took thy profit, might short and try to let ride, we'll see.
Cluster retested then went up nicely well +10. Then entry that didn't go very far, then next entry held and nice move up from 2nd +8, or 1st +4. Fighting for scrap never good, should of been around earlier to join trend then hold for +20pts or +30 maybe.
FASTER NEEDED!!!! Envelope 16sma 0.07 slightly quicker more on point. the 9's changed to Envelope 5sma 0.00 and 0.04 and 0.08 Much stronger joining strong direction.
TOO Damn early, cat vets £132 to £300 bill OUCH!! Lets do some Demo Sim Trades, try to get head around exactly what I'm trying to trade. So far action is farily random, slight downward bias. Currently downtrend, sitting around this area for 12mins. To SLOW! Watching maybe!!
New simpler plan, well it's an old plan, but balls appear to be able to trade it. Envelope 14sma 0.01 Simple Trade with this direction. Envelope 7sma 0.03 and 0.08, direction and noise range, SL outside as per standard. When the 2 directions line up, join the direction near the 0.03 range. Just made 13pts on NQ Short progress. Wait for direction, ignore dead markets, job done!! KISS!!
Around and around I spin!! The 2 Envelope methods, looks great after the effect, but trade / trust live, hell no!! Looks like above might be the only way for me to play this game. Try to get up early tomorrow, but 2am so no chance LOL
Method approved and locked, looking GOOD!!! not GREAT but GOOD and GOOD is GOOD enough!! SL size kinda on the high side but better than a death by 1000nd cuts. work today
Method looking good defo digging in here and taking time to master. Observations so far...... 1. if it's Trending strong it'll hold within the 7 0.03% so SL can be tight on. 2. Momo Strength based on 14's angle is good, but it's damn hard to tell the angle, wish I had an objective way with no lag to call this 3. 7's 0.08% range is good in weaker / sideways markets. 4. In strong markets a break outside of the inned 7 0.03% is likely odds of direction change, which makes #3 suicide if you miss call strength. 5. The previous mindset of waiting for a few mins to form a cluster, isn't valid with this method, got to risk it for a biscuit or it's gone in 6 seconds. Hopefully full day trading tomorrow or watching and learning, might start teaching kids BF aswell, he's bright and out of work, set him up a demo then a $200 sub account linked to mine. 2nd brain as time is running out need to be printing $$$$'s