Think watching via M5 and thinking, OMB this isn't working kinda messed me up today so skived in short, always another day. DAX entries called where numerous and few losers from the look of it GA's been slow, but range has been pretty good. EJ nice slow uptrend, to buy the low's at the range all am. US was closed to explains that, DAX still traded great though!
How would today if gone, if not for M5 confusing myself then deciding to do something more fun instead LOL DAX only, tired........... 10am ( not awake before ) nice base put in, 10 goes flat, worth +15 respects 10, chops higher. momo move down, to new low's back into 30 range for +25 run up, pump and dump. indecision in the 10 inner range before breaking down. might of shorted 50/50 short over the run down, 10 on offer, back to 10 chop. Slow momo move up hard to see live I bet, respects inner 10 perfect Actually very promising all day, respects the 30 well and 30's direction. Balls to take and trust the ranges live is the next issue, they don't look like there going to work, but every 1 I watched today ( 3 or 4 ) worked nicely, as always trying for 100% and it's costing me in missed trades. Tomorrows, might get to trade am, then client but alone in a nice office so will try to trade while pretending to be coding hard.
Vague watching at client, trying to get head around when to use the 30 range or the faster 10 getting there but working. Must make the effort to take the risk of a loss and actually trade tomorrow, time is ticking. 30 works great over the flat time into US news. Miss to many setups, if not watching full time.
I'm in the same boat as you at times...trying to get real work done while attempting to trade as well....not easy.
My envelopes, fixed % values either side of a SMA basically, market tends to stay between during slow times anyway.
Here are the ranges I use, via envelopes, which 10sma based 0.05% and 0.10% and Red, 50sma ( still working on ) 0.11% and 0.16% Generally market stays within, if you don't trade busy times, so play the range of the 50 with it's direction where the arrows are, while doing the same with the 10 to basically, faster markets use the 10 kinda. Added the 50sma range recently, picks chop better, markets gotten slower again recently. Nearly ready to start living trading, called some good moves today, just no live trades sadly, thinking, nahhh too risky and it moves 30pts the right way doh!!
Suffering from a bad case of over analysis paralysis, to many variables... 1 saying hold for better price 1 saying going up 1 saying but near range high. Simplification time, dump that doesnt work, back to a level of can take a chance a odds in my favour.
Simplifying looking good, 2 15sma envelopes, 15sma, 40sma nice and simple. Range working well, trend working well, just got to accept losses on turns and get on with it. Strive for perfection, end up with nothing.
Still toying with new ideas, well values atleast. Currently 20sma based, 2 envelopes and a mid point as it's slower is working nicely., Still want to keep that range, suspect it's the 10 that's not working for me at the moment. Using a 60sma and envelope. Looking more live tradeable, but markets gone nuts so all bets off for 60mins while it calms down