Looking good, like proper good, 13sma based channel is working well, well respected on direction and range with direction, and break outs from the range generally are the ones i want to join. Time and energy required be the next issue.
Odd, every time i place a close sell order, price goes and gets it, i like Few pips on dax just,+$350 ish this week, $200 of that was that stupid gold trade lol HA is key, game changer, the rest is to try to avoid small moves and getting chopped to death pretty much. Progress
Firstly, bad week for space flight 1 fatality maybe 2 dunno yet, can't see how anyone could of survived, no mention of parachuting out so ?? Trading wise :- Starting to pin down, how I want to trade for the foreseeable Using HA signals to determine direction changes then riding till opposite signal A slower tighter Channel, 13sma 0.08% based to determine the likely range and direction short term Educated guessing the direction for slower markets off the 30 and 60sma's 200 and 300 are deleted, not really how I want to be playing this. Seeing some nice live setups today, got the method easy enough to be useable.
Friday, new setup stat's Stat downchannel's tricky entry wise though. Up channel turned to after support found near 9220, bounces up the 30 perfectly. quick reverse, 9250 support, no real way to call the action Turns up then breaks up, hard to spot as I was around and caught the down blip Deleting the 60sma, lets keep this as simple as possible. Action was kinda, slow, I should only play with 13sma based trend, if not present check oil and gold and should find between the 3 of them some tradeable action. Heiken Ashi is the deciding factor here I think, looking good in a simplistic kinda way, focusing on 1 kinda entry pretty much.
This is what I'm looking to trade currently, just 1 kinda setup. Where the 13 channel is going up and above the 30 and 60 preferably so the longer term trend is up. The I just take a trade near the low of the 13, where HA says trend is reversing cause it's better than my guess. ( taking low of range, looks acceptible aswell ) The ranges aren't that important but they give a guide it's 90% HA. Reason for focusing on this setup is, it's got good odds on getting 10+ pts, sometimes it'll get 50pts if not more, cause the trend can push through and keep going Reckon on a 70% win rate, with a 10-12SL likely a 1risk to 2 reward aswell. If not trend, check Oil and Gold for similar pattern possibly even M5 on all 3, need to study this live though. Was watching this live Friday, looks live call able which is always the damn tricky part.
Place your bets on new plan, not being totally rewritten by this time tomorrow. H Ashi is a game changer for momentum traders, simple bit of maths and yet so effective. SLEEP feeling rough all day, try to trade in the am!!
Interesting action so far working in timing and confidence sonjust in my head so far. Setups so far... Short setup went 15 call it 10 ran into buyers. Joining the buyers although off method worth worth 45 area, nice Long pull back bounce worth 10 Next pull back was u der the 30 failed -10 lime how HA went green and back to red nahhh give up. Switch to downtrend Pulls up stalls on the 30perfectly goes red and 30pts easy Anothe pull up top of 13 and 30 perfect and down worth 20 Method only, +60 today so far, damn, there working but i have too much doubt, keep working it, keep lot size low till cracked. Approx $360 profit at my call it half size, double again is kinda silly.
Live setup, shirt 9275 area if HA goes Red, 79 tad higher Momo slowing 80 high, waiting for HA direction change 80 and stopped, 83, 86 sl if not for HA rule would if been hit nice save HA 93 high so far. 30sm broke and she popped or coincidence or the time. HA called short 86, counter trend test, should be looking for longs on pull backs. 84 best so far hA green exit 88 another leg higher, this is how i plan to trade, dont want to be on the wrong side of HA ever, especially if counter trend and stupid lol Going sideways Seen 95 , 96 SL would of hit 7 or 8 saved Progress
Anoth 30sma bounce called by HA worth 10. Ran into a seller. Moving down here, testing 60 below range. Sell off maybe, downtrend rules here, will play long if ha goes green soon for test. Pre ha i would be long already call it 90 but maybe before 95 Long 91 test only Going know where CT trades suck, i am learning 96, 97, 99, maybe closed 97 sellers, long wicks above good chance of sellers via HA Ha red out 95 +4 counter trend = useless. Its looking more than promising, forcing myself to take setups soon i guess, till 2nd nature. 2 months to hit 20k target, need +300% still got a shot
Breaking it down into smaller steps and HA making this a lot easier to call. Hadn't checked gold that was a perfect uptrend am. Work just got pulled, but it's sunny and nice and I didn't get to ride yesterday so thinking it's going to be a long MTB day destress and chill for a bit