Re Writen Method, reason current method is enticing me to take bad trades with big SL cost. So follow direction and exploit a range, sounds easy right... 16Lwma High 16LWma Low Envelope 16lwma High +0.05 top only Envelope 16lwma Low -0.05 bottom only Rules.......... 1. Engage the Brain, I've started reacting and not planning and went from 90% wins to 50% which is BAD. 2. If 16's are up, look to join obviously, preferably near the low Lwma or down to -0.05 but just because price moves there, doesn't mean I take it, needs to show strength / support before I engage. Same goes with 2nd position. 3. Hold longer, I am with trend after all, ride the trend. I can see, how people lose there account funding, trading 1/2 serious 1 or 2 NQ contracts, profit -300 +500 and back to -740 here, good job it's demo, only $625 to lose when I start, no full contracts for some time hey. Especially as market crazy, sell off just SL in no time, and reversed straight after to profit level, LOL just messing around obvs. TRADING it's a killer!!
I need a longer study to trade with. Envelope 60Lwma 0.01% is that study. Need to trade stronger trades only, also that pull back if SL other side wouldn't of hit on everything accept UK market.
Need to get some sleep, but also need to burn this into my breain cell 5am got to sleep, stressed out. Greed kicked back in, need to get back to the rules.... 1. Is the market stable enough for me to play? 2. Join the longer 30lwma trend via the 10sma range . KISS wait for direction, join direction, ride direction easy peasy no stress needed.
Worked out the solution, it's easy, obvious, I feel so stupid............. Just change the background, all the lines and candles to Cornflower blue, it's nice and relaxing, very soothing colour, then just give up and enjoy the Cornflower blue, hmmmmm!!! In profit, in profit, trending my way, lets take profit here, puts hand on mouse and bang 30pt sell off ffs 5seconds longer, at times you just can't get a break
Fixed it for real this time. Setup.... Envelope 30lwma 0.01% Main Direction to trade with. 8sma Envelope 6sma High +0.03% and +0.06% Upper only Envelope 6sma High -0.03% and -0.06% Lower only Plan the 6's 0.03% range ish, with the 30lwma's direction. Grow some balls and stop getting SL'd right before a turn and leave the SL out to just beyond the 0.06% level. Looks like, that'll sort it, went back to holding till SL hit wanting everything to run. Trick is, using the range but ignoring the 6's direction, it's there purely for range.
New method, looking IDEAL, will it work long term, will I lose the Plot again ?? all these questions will be answered in your next episode of SOAP!!!
Simple Envelope 7lwma +0.03 and -0.03 range 16sma High and Low seperately, direction. Play the range on a pause not blindly or accurately with a loose ish SL outside only with direction if there is 1, if not play both sides or wait. Apply brain for when to trade or not to, and +$900 demo Leeloo account trading NQ in no time. Back to taking profit on stall unless market really strong. Hitting reverse on Ninja nice and easy, 1 click +$200 easy life
Demo return day or 600 depending on how it goes.... First observation, tight SL's suck so going fixed SL and not closing them only manual exit before. NQ 10pts, ES 4pts. It's costing and its needlessly losses, that then play with my mind ie annoy the shit out of me, so moving to emergency SL not danger tight. Still in demo profit, but retuning!! LeeLoo, bloke who should of been withdrawing money today or soon, blew the daily 3K limit and got the boot, so no idea if legit or not.
Took a 5pt SL needed 8pts so 10 would of been fine, then got back in 2pts higher LOL, defo needs work.
Back profitable again, that was a smaller loss, before going demo to fix and came back to near enough the same method and less time in Demo, all very positive things. Maybe, just maybe, I'm starting to get there and maybe 1 year soon, will have it cracked, without bouncing onto demo to save cash at all.