Nah FAIL!!! Back to Directional...... Envelope 16lwma 0.02% DO NOT TRADE AGAINST DIRECTION, run SL just outside this. No Direction GROW up and don't bother FFS!!! Envelope 8lwma 0.01%, short term direction entry zone. Envelope 8lwma H+0.01% and L-0.01% Extended Range / SL zone, if 16's H or L is too far away. A tight enter with strength and ride plan, demo it tomorrow given time.
This is looking better, higher odds trades less scratching around going crazy so far! Settings.. 14lwma Envelope 14lwma h+0.02 l-0.02 Envelope 7lwma 0.02 Stay with 14 strength trend, avoid chop higher win rate, better profits and smaller better controlled losses. Hopefully a better plan, last 1 so useless yesterday despite great before pissed me off.
Method working so far on UK100 +$140 getting back yesterdays BS LOL When market turns to chop, I'll do 1 of 2 things, start bleeding money, or stop trading, I know what the plan is, but we'll see, what I actually do later.
Out running erands, chop time here, so back test the day I guess. NQ from open +30mins. Downtrend, entry didn't hit SL, +90pts 2nd change to enter, no SL hit + 70pts. 7 turning up, risky but worked +40 Downtrend, failed spiked over SL -6pts ( live with that ) Repeat, but goes 50pts. Join up, stupid money, Join down, worked +20 Another +15, SL just held No trade maybe, but SL taken out if in, fake spike. Open +2:30hrs chop, would of taken losses, can't see a way around, bottom formed @12825 area. Direction up +15 If impatient, SL hit -8 Pretty damn good, but directionally STRONG market, so balls to hold and instant rich!!
ES and UK look good aswell, just don't trade Chop and golden!! 100% directional and better than promising
No Trades today, running around sorting shit out, seeing kids, getting my Golf GTi ready for MOT retest costing me £13, washer motor nice car for £400 Reducing what I'm trying to trade makes it a lot less, brain over load so hopefully won't get myself into a shit show of a mess holding counter trend for ever digging in with multiple same trades, chipping away at it.
Quick Test..... ES 11th, normal starting time, go..... Long +3 Don't like, I'm also, trying to take every point even on Sim out of the market, rather than waiting for a sure thing, patients is my enemy of lack of. Wait for established, trend, then enter, not to fast not to slow, 10lwma looks good,with 30lwma backing it up for slower conditions. ES Long 3799 13th Jan, went +12 before break down. down same setup, breaking though the 30 +3 30swap again, long +3 30 supporting long +2 30 is KEY!!!! Lets back study, 30 flips and strength of....... 30 bounce, 30 flip and run, flip pause run, support run. Support Fail, 30 is KEY and staying and will build logic around that.
Logic looking better, started to become a 2nd range. Setup....... Envelope 30lwma 0.02%, don't trade against ever. Envelope 10lwma H+0.01% and L-0.01% 10lwma Logic, wait for a clear direction, enter with obviously at a good price, SL can be outside of the 10's range, or slower markets outside of the 30's range. It picks direction faster than before, so hopefully not so, get in, ohhh that was the move, and tighter SL when wrong. Demo it's ass off tomorrow I guess, back live ASAP!!!
Logic working on everything but uk100 annoyingly, learning to not bother playing and being patient is key here.
Keep moving back to Range method, kinda flogged that to death and beyond, so not what I want. 6lwma High 6Lwma Low Envelope 16lwma 0.02% That's working pretty well as a wait for direction, trying to use Chop as a if it keeps chopping I'll make a profit or direction I'll make a profit, moving away from, got to really, chop to often turns against and the wait for the setup loses too much good trades. must improve!!