I want near 1.8300 on this 1, come on, 20 x 2 pips area please
You'd really think it would have a quick sell off, to flush out all the longs which have accumulated and a dip under the 300 to flush out the SL's but if it was always that predictable, it wouldn't be any fun.
I hate losing, this was -24 a drop to the 00 which was likely woulda netted 42 area allowing for spread, just unfortunate that move had ran out of steam, I had order up to sell at -6 pips total shoulda clicked it hey
Just a blip, continue as planned!!
The following user says Thank You to Turveyd for this post:
I suspect I'm getting confused by my own range logic at the moment, so write it down and learn dumb ass....
Assume upward market for all of above....
So I'm only taking trades at the -0.05% level, I should be looking for quick trades out to -0.1%, they generally snap back on US30 and DAX ( just checked ) these are trend or no trend only entries though.
IF Trend and it's a countertrend entry then ofcourse the the SL at 0.15% is going to become a SL at 0.0% and therefore SL hit likely.
Adding a 4th 0.2% envelope, cause trades counter trend at 0.15% work fairly well ( rubber band theory ), so SL being high lighted at 0.2% for those trades, yep only risking 0.5% on them, no 2nd position.
Modify the 60sma to a 70ema fits better currently
Removing the 300sma, reduce confusion!
Time is ticking and I'm not getting anywhere fast, this needs reversing!
My Trend indicator is great, simple as, WHEN there is a trend, but during chop it can read as trend, need to work on my this is chop play both sides and expand.
Found an interesting range based on 100ema and 0.25% Envelope for DAX so far, gives me something else to trade off, DAX stays within this range, 95% of the time, doesn't seem to track down it ofter making SL's obselete aswell.