+12 on a DAX Trade, method is STRESS as it's putting what feels like myself in the firing line repeatly, then it works so it's all good, this is pretty much how I've been profitable before, then a loser or 2 + Stress = giving it up. Wishing I'd of had more faith and held dax longer turned to uptrend here.
I'll try, but it's not quite clear to me either yet LOL Basically BB Ranges 18sma 1.0, 2.0 and 3.0, So if 18Sma is up strong then I'll look to go long on a pull back to the lower 1.0 area, flat I'd go out to the 2.0 area, the 3.0 is my take loss point. You need to watch the market and wait for strength to come back in, not quite trust the range 100% and just play it. 13 trades, only 1 loser, 2 BE +32pts today haven't held for any good runners, getting scared today. Thinking should call that a day, getting emotional here and tired!! Chart attached, first trade didn't go far, bail small profit, X marks a loser.
Only invented it yesterday ( used to do similar with fixed envelope ranges ), so still a work in progress, up some good pts so far mind. Practice for another week, then put 3K back to work and hopefully make good $$$'s. Pulled the BB 8sma 2.0, got too confusing, wasn' really using and kept calling exits too early.
-7 exited just as it chopped back to other side, but hey, lunch break too slow range has dropped to nothing, useless market, hoped for 1 more high but no. Need to go, 5mins, not in profit, bail for a small loss for sure.
2 teeth removed, should be all slept and headache gone by Monday for trading, was hard to concentrate. FUN!! NOT!!!!
I find that it is just so wonderful that you are showing us something that you say works after years and years of combating the markets. Thanks. Just like all smart businesses as soon as they find a system or a recipe that works they tell and show everyone how simple it really was and is. It must feel great to have an ego stroke on ELITE TRADER instead of money in your bank account. now if 20 or 100 people start trading your idea which is not new you will very quickly see 2 things. 1 you will not get the best fills and 2 you will start to have other strategies very quickly exploit what you are doing. my point is that i have never udnerstood how someone can take months hours years of their time to try and figure something out and then when they feel like they have they just give it away. but thank you very much for sharing. please keep giving us the nuances so we can also get involved and you will see that what you think is a lot of liqudity will soon evaporate and you will end up with a mediocre trade at best. again thanks.
10 x 10 lots is 100 lots and say everyone makes money like you say so in a year you have 50 people doing 10 lots .. new traders that is 500 lots and the original 10 grew and are doing 50 lots. now you are talking 1000 lots at you buy and sell points. hmm the mkt wont let that happen and this is why strategies that work should be coveted and not shared but again thank you