Basically I'm CRAP at slower stuff, like really CRAP but less crap at the faster method I trade so guess I need to get less CRAP at the faster method. KISS!!! 10sma Envelope 10sma H+0.05% L-0.05% Join Direction early, keep the loss small, and bigger profit, that old method. It's all BOLLOX sadly!!
Method, simple but too basic need to stay far enough out on the SL to reduce the death by 1000nd cuts, moral is LOW at this stage. This has been working great all day.... 8sma Envelope 8sma H+0.06% and L-0.06% SL place, Envelope H+0.13% and L-0.13% 20Sma High 20Sma Low trade with 20's direction / side. UK100 9am today test.......... Short 5856 SL 65 - support formed out 46 +20, broke support typical. Short 5841 SL 51 - exit 16 +25 ish, Missed a +10 scrolled too fast. Long 5928, SL 21 - SL hit -8 slip, 20 broke had BE exit. Short 5810 SL 17 - +14 Works when not waiting for setups to occur for hours and getting BORED shitless I'll add. Looks like a sensible plan, stripping method to UK100 and US500 only, focus more maybe, UK morning, US500 after open. Demo Blast tomorrow, while hill walking before the rain kicks in Nearly another month gone, sucks!! Time going to quickly. More lockdowns expected tomorrow, more BS, no chance business coming back to life is there with this BS going on still FFS!!
Lack of time today, need to focus on trading, few demo trades in, looking ideally suites. 60% win rate ish, R:R 1:2 area = pretty damn profitable. Back on $1 tomorrow, $10 next week if that goes well. Time is ticking and not made any money or lost any in ages maybe even 2months since losing the plot again.
Definitely made made the difference stopped the 2nd wave, army on the streets soon, they'll just shoot the virus, police state no no no no never lol Everyone pissed of, thinks it's over and ignoring, hence army and prizes for grassing on your friends and neighbours.
Okay tried to stick with method, epic fail. Back to a ....... Envelope 7sma H+0.3% and L-0.03% Envelope 14sma H+0.10% and L-0.10% 14 Sma The old, wait for direction to line up get in low 7 then again low 14, SLing out on the 14 breaking.
That works, lets stop pissing around and confusing myself, MASTER this simple basic method!! BANNED from changing anything till next month!!
Markets went into easy mode, loads of demo $$$$'s, back live tomorrow, feck it!! Back to $10 per point, most likely, feck it!! grow some balls damn it!!
Method failing, SL too large!! 20Ema High 20Ema Low Envelope 10Sma H+0.06 and L-0.06 Wait for 20Ema direction, then play for reversals off the 20Ema H and L and play the 10's range. Direction market = Perfect, Chop well got to give up!!
Method make the 20ema, 20sma then liking it, simple enough to keep me on the right track, but not detailed enough to make me take stupid trades. Trade ES at $1 later!