Well 2 weeks without a trade and I'm back to unable to make an educated guess and place a actual trade again, great! Keeping watching!!
Putting GA back into the mix, I'm never going to trade Oil at it's spread cost and it's general none trending chop range, chop range 15, spread 5 makes it tricky, GA spread cost 3, chop range of 20. Trading GA at $8.30, SL at 15 so cost if primary SL hit = $125 call it. DAX 10 SL at $12.30 so pretty much the same. Just missed my DAX Long entry while typing my thoughts out loud Getting into it slow, help if it wasn't so damn cold today, went from too hot too to cold in record time recently.
Engaging, profit or loss, remains to be seen, but I'm engaging taking my chances which is part of the hurdle. Ohhh looks bad so far, first trade I expect to lose naturally. DAX long 10032 GA didn't go anywhere, 11sma direction called it, just noise. DAX is a long ow range play, expecting downtrend to fade and turn up, so higher low ( still in ) then higher high for my TP, near 10050 all being well. Or not!! 2 weeks off, don't expect miracles!!
GA long here to, still 11 downtrend, but they turn so taking a chance, SL at new bottom. DAX doing okay
GA turned on me, but bad time to be trading, SL was at new low so -$73 and $12 comm's so 0.6 per side so 2.8 spread, not so bad,
okay i got distracted by my knackered bike, attempt to fix it FAILED still pissing oil out, just keep topping it up and ride on, need THICKER OIL!! Method is working sweet as, more confidence to actually enter and I think there is a large chance I get start making $$$'s again!! 2 weeks off sucks! Got Tomorrow and maybe Wednesday free to trade
Still got the old issues ofcourse. IF DAX's 60 and 120 are going down, sitting right below the 60 currently, will it continue down or will the 11 going up just make it go higher, obviously it'll never do the same thing twice that would be just too damn easy, wouldn't want that would we. All the moves on the way down, the 11 never really got into a direction, so you could short the top of the range with direction on yourside aswell as range. 11 is winning so far, long 10004 would be up slightly ish. Guess it's more about risking 6 for the chance of making 20 never going to get it right every time. GPBAUD is looking hot today, some good moves like nearing 50pip moves, trending well again, after months of sideways random chop.
That downtrend continued HARD, should of risked it hey!! Oil at all time lows again well pretty much for 10years or something. MUST TRY HARDER TOMORROW!!
2 trades so far... Took small profit, went further much further doh! Turned against me got 1 away from sl, bailed - 6 saved some, but carried on going up. Method is fine, confidence to take trades or hold long enough is dead well and truely dead. But I will get it back and be okay, een here before. Method is well and truely locked, not even thinking about method tweaks these days, simple enough to work in all conditions prety much = cash cow