Finally settled on a method / setup 6Lwma HL/2 6Lwma High 6Lwma Low Envelope 9lwma High 0.02% ( top only ) Envelope 9lwma Low 0.02% ( bottom only ) Join the 6's direction, generally early but anywhere along a move. Or play off a mini cluster for a reversal. Making damn good $$$'s finally the Secret is aggressive SL management, let profits run and quickly close up the SL into profits at times.
The turning point is 3 things.... 1. Being able to take a trade without emotion, based on small thin stuff, ie 6lwma turned up, join. 2. Tight SL and not moving away and tighten as it goes, keep nudging under candles, so small losses. 3. Being able to let the profit run, risking 6pts average then nailing a strong trend for 50pts, just puts you a leap ahead. Start upping lot sizes soon, sadly still jinxed when I'm around it's dead +8s, away huge swings, it knows I'm watching I swear, same time for both aswell!
Yesterday, add in heat wave and lack of time so rushing trades, blew $500 almost instantly, got it back to -$50 then -$1000, -$500 then kept going in stupid move and -$2000 inside of 1hour LOL Got Gambly, lost the ability to keep losers small, got stupid, got crushed. Back on Demo till heat wave buggers off, Friday or next week really, got to recement keeping loses small and trading with the method not against it, expecting a trend change doh!! I can't function in heat waves in short!! +$1550 Demo annoyingly here, no pressure = getting it right!! Must stop slipping!!
Good job back on demo, today I've made 11 trades and every damn 1 has hit the SL, the odds on this are low or I've became a really bad trader, 100% wrong, impressive for anyone.
Reason for the huge losing thankfully Demo streak is......................... Method doesn't work on DAX well not recently, it's too choppy, I'm buying breakouts that would work on NQ but DAX is stalling, lost my ability to understand chop, as mainly trading NQ which is trend monster. 18 based slower channel, calls the chop perfectly, but need brain active, other wise going up, click, crap called top again down she goes SL hit, repeat repeat repeat. Atleast I only blew 2K, 25% of the account before realising this LOL
Put method back to what was making the $$$'s before I got heat stroked and stupid. Envelope H and L 5lwma +/- 0.01% Envelope H and L 10lwma +/- 0.03% 7 out of 7 demo trades profitable, without the slower wider range to call chop I'm screwed, learnt and forgotten this many times I suspect It's going down, short, nope that's chop it'll reverse right there again and hit SL LOL REPEAT!!!
Holding on to tight, so killing runners to soon, closed NQ for +6 went +20. Took a Long DAX right before DAX Close, SL to tight, then 2nd trade long SL to tight, -10pts in total, then jumped on short +8, went +20 and still going. Got the losers small part, ie Fail Safe back in play, but need to work on holding longer. Brain Cell is coming back to life, think heat stroke, this weeks been hell. No live till next week, recover fully, likely Tuesday, Demo Monday for a bit to.
Did okay with DAX +$260, currently -$7 with 4 NQ trades, SLOW ass day, jump on direction like I should and doesn't really move Mondays and Summer Doldrums I guess. KISS, trading proper, failing safe with tiny losses so it's all systems go, hope NQ picks up into the close, some 20-40pt swings would be appreciated.