I've officially got myself VERY VERY Screwed up of recently, starting to see this and hopefully rectify or maybe make worse.
FRESH START DELETE DELETE DELETE REQUIRED!!! Trying to trade direction of fast stuff that's just noise DOH!!!!!! So direction of 9sma with a wide chop range. Setup.......... 9sma Envelope 9sma 0.07 Range to trade near Trend Envelope 9sma 0.13 Place to trade near ish chop and SL Position Objectives. 1. Mainly trade with 9's direction, enter near 0.07 Taken Fast and loose 2. Counter Trend trades are allowed, taken slow and off a cluster area outside of 0.07. 3. Sideways markets looking for Chop trades taken slow nearer the 0.13. Exits are the Reverse of above. 1. look for a #2 setup to reverse. 2. Look for 1 ie get out fast near 0.07. Made a few nice litter profitable trades while writing out new rules. Hopefully I'm sorted and back and will be making $$$'s and back at $10 per point and all fixed SOON!!!
Change to 8sma slightly better fit. 20ema via a Envelope 20ema 0.01 longer range trend if available to trade with, just to make that clearer.
I've used this method before with good success before I lost the plot, before auto SL protecting my ass, so all should be good, if the universe gives me a break ofcourse.
Observations so far......... 1. I SUCK DONKEY BALLS!!!! 2. Downtrend formed worth 30pts on DAX and didn't take it. 3. 11 based 0.05 and 0.10 looks great today, but market strength bla bla 4. 20 just cluttering chart, deleted it. 5. Envelope 4sma 0.02 rocks back in and doing well. 6. Trading too much on HOPE Still, got to knock that out of me. Ohhhh Dax turning up finally, LOng here, tight SL!!
Playing a reversal in a downtrend fast out I seem to remember saying. Looked good, initially but over all trend capped it quick or they realised I went long and ran away!! wise!!
New career option, I'm going to become a broken clock, atleast that way I'll be right twice per day. Starting to get some strength might get a 30pt run back up into US Open. 11 going flat, downtrend is over, long live the uptrend. No, still shit and downtrend, damn sellers came back.
NQ turning up, strength coming back or not. Maybe counter trend trades, should remain black listed actually Defo, made it to +5 before tanking, out fast under estimate. Operation, Re Wire Brain, get profitable again, might be a hard slog
Thankfully on $1 per pt, can transfer losses over from Ctrader account with ICMarkets I don't actually trade, back on $10 I'd of blown my account recently, this way only a scuff it'll buff out. Here we come, expect it'll stall and reverse back down at 12058 my entry LOL 8 mins to stupid people starting to trade, I'm screwed LOL
DAX finally, weak uptrend on the 11 yeah me still -5pts here mind. NQ going wild, strong uptrend. Need to get head around, when I play chop out to the 11sma 0.10% and when I join trend, before I'm 100years old. Shit US opened, spike down, SL hit -13 and up she goes!!! I SUCK!!!