Got to get my head in the game, this up move, was perfect, loads of great low risk entries and I've not jumped on any of them, as I fear it'll turn on me, and yet it keeps going, exactly the type of move I'm setup to milk aswell, argggh. I missed the bottom, work then yeah doh!!
Now this is what I'm talking about.. A nice example of your method .. Are you looking at the 5 min chart to make your decisions? And if the price goes below the 10 sma will you still take a trade?
Errrr NO!! M1 chart And there is no 10SMA, it's a channel I don't use the Mid point, I use an area which I consider movement within to be noise / chop, it's the direction the 10 is moving which is key, which I trade along with. And along with the 30ema, 100ema and 300ema any 1 will do. Chart attached, this is after the big move up, study the action in the 10's ranges. Market turns below the yellow dotted 30ema, 30ema is going down, short near the top of the 10 channel and profit. Market then makes a perfect pretty much double bottom on the 100ema and turns back up, 10's stalled out so acceptable entry. Slower markets use the inner dotted 10 range. to enter near with the 10's direction. Still confused ??
Must go to BED. Must wake up on time! Must actually make the effort to trade, errrm maybe! Must get my head in the game and accept risks and place trades. Forgot to hit send last night LOL
I'm watching and mostly paying attention, you'd think the chance of making good $$'s would make me watch and trade all the time, hey I'm LAZY!!! Sideways chop over lunch at the moment, tempted to play the range, which so far would of made some okay scalpy pts. It's an improvement vaguely, few more weeks and maybe actual trades LOL
That will do for the day closed both at 9817 +18 and +13 = +$365. That's 4 trades, no loser and +$615 on the week. Good exit aswell, back under the 9800 SL would of just been hit LOL
Had to pop out for nearly 2 hours thinking 30mins and missed nearly 200pts of movement and some perfect entries I see, arggghh!! Hit my Min target good enough!
It's dead over US Break time, off out in 45mins so calling it a day, that and don't want losers to ruin my weekend LOL MUST TRADE more next week, must stop being lazy. Lucky trade earlier, entry and exit wise, a off system bounce as I was bored, nearly held long which would of been bad.