Simplifying again, made too many bad calls bases on BS info, momentum is key, noise range via the 10 and the 10's direction is all that really counts and HA to time entry. 33sma speeding upto 22sma removing the 33sma envelope, yes it works in chop but fails the rest of the time, and chop to trend costs me. 10sma stuff changing to 11, just so it's 11 and 22 nice and easy to remember Still got the 180sma for over all trend, doesn't get in the way enough to annoy so all good. Trying to wake up and focus, honest guv!!
New tweaks are looking good, cleaner!! can't wait for HA to turn though, it's just a chance near the 11's ranges with the 11 and 22's direction, deal. Using HA for the exit though so there is a chance it'll over extend a good 1 NOT in the mood today, off to get the kids, in a messing about tweaking mood, not a trading mood, TIRED!!
Tweaked method, is cutting down to the point very abruptly, which is what I'm after. That move down from 9260 area to 9225 area was like, it's downtrending, where do I enter, cause I always want to enter after a move up, should jumped on it short hey, getting there. The 2 turn up, 1 worked wasn't technically allowed as odds are they'd head lower, needed to jump in over the 22sma near the 11sma for the run up, in the uptrend. Yeah look to short the first on failure worked fine, then the 2nd 1 turned up so look for long, worked Hmmmm point system!! Want to go long so........... HA turned green +2points Low of 11 Env, 11 going up. +2 Near 11SMA going up +1 Above 22sma, +1 Above 180sma, +1 Recently tested S/R area +1 So downward move scored +2 +1 +1 +1 = 5 The failed up move scored, +2 just the HA then the up move @ 9228 got a score of +2 +1 +1 = 4 Give this some more thought, kinda a plan to counter all out comes nicely. Looking like need to Score 4 before I trade it Should stop my stupid counter trending, maybe
So method tweak, good or bad ?? To keep it simple, I'm basically trading the direction of the 22sma as this direction is strong ( not a strong S/R thingy ) Using the 11's range, to guesstimate entries with the above trend, ie if 22sma is up and price goes briefly below the 22 to the lower 11 range area, and pauses then odds are very good it'll move back to top of the 11's range, following the 22. Enough to profit off, sure as hell looks that way 180 is still there as a kicker, too keep you on the longer trend of the day, but low value, might be worth reversing a big sweep which is the right side of the 200 as still an up day, but not the other way basically. Impressed, this simple concept keeps growing and hopefully improving * * might be worse, might reverse all tomorrow!!
Turned into a longer day than planned, hope to trade US open area and on, but SHATTERED!! DAX was a weak ass day anyway, Oil was where it's at I see, wowsa's. Turning charts off before I do something stupid SLEEP!!!
Down $200 area this week, serious NOT in the mood, big time, hopefully not walking around like a zombie on Monday and able to focus on anything for more than 30seconds. Entry method is improved for better and clearer with trend trading, so that's better than profits right!! No work booked for next week as yet, but we shall see!!
Nearly trading time again or depending on how it goes ofcourse. So the questions are ......... 1. Can I stay awake, struggling with this simple concept at the moment, not just at night LOL ( real coffee I think ) 2. Will I trade like a Pro or a Newbie ?? 3. Will I re invent a new method LOL 4. Can I make a profit from this short term ? Find out all in the next 24hours I guess!! Must re read my mission statement I guess!!
In and out BE not liking the action or method really. 2 hours later, moving to......... 16sma and envelope 0.01% 42sma 100sma HA ofcourse Get out of bed, caffeine 1 per day, breakfast then see if i can make some!
Took a +10 trading off Dax's 9230 level, which was holding, tight SL so happy enough. I should be jumping on those up spikes which keep reversing, major selling going on, there too damn fast though, don't want to set an order incase I get the 1 that blasts through. Never easy!!
Joined market on the uptrend, near the new 16 on momentum going flat and a quick +9 nice trade very nice trade Getting the Pro back Added 5sma H and L to the charts, so 2 MA's, with the smoothed HA effect it gives a nice clear picture of current direction, I keep going back to normal candles and going NOOOOOOOOO, how could I trade that randomness. Profits, he ROARED!!! No work at all this week, time to trade my account to 20K+