+12pts on that 1, nice enough!!! Move above 22ema, patience, pull back to 22, join upwards and hey presto zero stress profits
Looking like 22ema rule is fixing my issues of over trading / gambling, if I get a change of direction jump on the change then SL other side of the 22ema works great, few fake SL's. Boring weekend, Demo Monday, live account Tuesday all being well, if profitable Tuesday back on E2T Wednesday, tis the plan!!
Well pretty shit week, but progressing so kinda makes it worth it, lost some $$$'s, bolloxed the E2T gauntlet account $90 wasted, but trading that day so poor likely wouldn't of given me an account anyways. Hopefully got some cash coming in tomorrow, that'll keep the wolf from the door for a 3 - 4 months then all is fine, loads of time to nail this proper.
Guess bugger all else to do this weekend, so testing and testing and more testing, damn I'm BORED shitless at weekends. NQ 24th november, start time 10am ET. 8up 22up, join and ride, join mid 22 long 11918 - SL 12, went to 36+18, over stayed so +5pts. turn down, but 22's low range held, might of took +12 or -5SL ?? 22 flat, sideways chop called, munchy munchy. Break up, no way to call, no where safe to enter pause, long 11980, SL 72, back up +25 nice. upward momo kept rocking it up, so 22 rule would of saved butt multiple times. 22ema rule, stops counter trend trades that go know where then reverse fast to SL, need to put the greed in, stopping the 4 based direction aswell, too flippant, gets me in too much trouble. BORED, awaiting a package maybe, or monday or never, cash I'm owed, not holding my breathe.
E2T possible issue, despite gauntlet fail, lost there broker ( can't confirm ), so not in a rush to sign back up with them, can't find anyone else I prefer currently, so aborting on that Method needs tweaking, I started trade off the 4lwma which just chopped me to death, got to stick to the slower over all, but not to so. So....... Envelope 16Ema 0.02 main direction to trade with, never against. Envelope 16ema H+0.02% and L-0.02% 16's buffer zone, can take trades down to this level with trend. 6Ema High 6ema Low When 6 lines up with 16 then trade the range with direction and scalp some pts, repeat repeat repeat. Can't see how I'd cock this up, to be honest, no doubt I will but hey. DEMO like crazy tomorrow, then back Live ASAP!!
Stripping method down a bit, focus on directional markets when SL is tight. So the 16envelope 0.02% direction to play ONLY!!! 6sma High and Low with a mid HL/2 Wait for direction to form, then play the 6's range with direction, SL is either on a break outside of the 6 or if close out to the other side of the 16ema 0.02% NQ just broke through the 16 to upside, looked obvious from the 6L, but just going to get chopped to death, so hold for entry long at a sensible spot. HL/2 hit long would of worked short term, barely. ES failed to turn over the 16 was a setup for short. So new focus, scalping with direction of the 16, phase out ranges cause ranges get me in trouble.
Directional looking good, just got up, better start making some demo trades and getting head back in the game!!
Put the Envelope 6ema H+0.02% and L-0.02% back in, need a buffer zone. Joined the DAX long at the 22 pull back, made 8pts easy as eating pancakes. Trading slowly again, got a call out, then fancy live to be fair
Caught a fake up, first demo loss of the day, should of bailed for a smaller loss. Slower 24ema H and L didn't get faked, thinking slower is better maybe. Can't decide, 16 + points, 24 + points can't see which is best over all yet. Sped up the fast to 5ema based, better fit.
The Quest for ever simpler rules, to stop the revenge trading madness is looking good That's the issue isn't it, what I need is a compliance department, I place a trade and someone on a Demo MT4 platform sees and hears my trade fill, then decides good trade or bad trade and copies the trade to a live account or ignores it and screams at me not to make a stupid trade. This is the difference between Pro's and US!