What a day, just get a PC fixed all working fine, client all happy, restart it and something else went, won't start up again, arrrrgghhhhhhhhhhhhhhh!!!
8 hours, for £50, can't really charge more for setting up a new PC, just ridiculous!!
I was right, I should of gotten out, but I didn't, -9 on that trade, bailed early. shorted again at 21 just.
retest 9700 please
My Tablet software keeps lagging behind today ( TradeInterceptor ) on Wifi and 3G slightly off putting, think I'd of flipped north, if not for messing with that! odd it's never played up before
Out +7 and +3 so +10, I saw +17 or something but to slow hitting the close all button and it's going higher, told you, STRESS IS TOOOOO HIGH can't think straight!!
If I'd of stayed chilled and functional and carryed on playing the range and the direction, I'd of done very well on that move, when I'm with trend relax and hold longer, hold for outter White Envelope which got tested and reversed off 3 times.
It's HOT today, sweaty and nasty that's my excuse and I'm sticking to it.
Finally settling down to a nice little profitable method, all Forex pairs are removed, trading DAX mainly, Dow and SPX secondly but only trend days, Forex just seems so random compared to.
Hoping getting to a automatic level, where I can trade via the Ipad while out and about and working, which should help.
New method, just keeps surprising me how good it actually is
Work tomorrow am, but okay 3G signal there maybe even 4G hmmm 4G, should be back for US open!
Friday, Trading till 3ish hopefully!
+35 today, want to start hitting my +60's daily and SOON!!
Up contract to $15 per pip, next week, maybe the week after if all keeps going well ( Spot gives me more flexibility )
Leave YM and SPX at $5 until more experienced, but go $7.50 at some stage.
Easy money 8 profitable trades in a row, that's some good going ( jinxed myself there or what )
No trades today, felt rough and tired, had to work then went to local bike shop, did a deal and walked out with a flat bared CX bike for road training and mud plugging, rather than wear out the MTB! new toys
Suppose I should have a quick skim through the charts, see how I'd of done in theory ( it's so damn hot and humid here in the UK, it's hard to be bothered to do anything )
DAX, mad move down, then 26 uptrend, which went on for a bit, then basically multiple long entrys with trend near the 26's envelopes, then 100 flattens off and chop between, then we break down again big, few areas might of cost me but over all, highly profitable.
FTSE pointless compared to DAX.
YM was okay, respected the range until big news then chart goes wrong, must of lost feed.
SPX well it's SUCKY, very very sucky, why anyone trades that ??
That'll do, made the effort and sleep with a fan blowing air over me atleast!
Should of been shorting in quite a few places, but it's too hot for me here and sweaty just haven't got the focus, hate trading Fridays, ruins your weekend if it all goes wrong.
See the attached chart, arrows mark the entry points ( entries won't be as nice live, why I run 2 trades for when 1 runs away a bit )
Sorting out new bike, so I can go for a long run after dark when it cools down. And watching Expendables 3 that's out on DVDrip already!
Cool, remember, try to go with the direction of the 100, if the 100ema is going down, then the direction should remain until the first envelope above the 100 is broken, so SL above that envelope, no point going out till the 2nd in this case.
Then use the faster 26 to time smaller faster ranges within.
I think, hell I'm still trying to get it all figured out to LOL
Rules
1. Go with the direction of the 100,
2. If the 100ema is going down, the first envelope above the 100 is the stop loss.
3. Use the faster 26 to time smaller moves the inner 100 envelope,
"no point going out till the 2nd in this case." - does this mean no point exiting the trade until the 2nd lower 26?
No the second Envelope, no point running a SL out that far, if it takes out the inner envelope the 100ema will head that way and your definately ( as you can be ) counter trend.
I do take counter trends, near the outter 100 envelope, but only after a nice pause and generally don't hold them for more than a few pips.
Just scroll back and see how it generally not always ofcourse interacts, best on DAX then YM I guess.
Additional, with a chart with numbers on! The white lines are my approx SL level.
1. uptrend in, long on pull back and fail, trend changed, the move to that level likely means sellers market.
2. Counter trend trade, sticks around this level for a bit, SL under the next 00 generally ie 10pips ish.
3. Stalled and top of inner 26sma Envelope, doesn't go far.
4. Likely a 2nd position to no.3, SL moved out to above white dashes.
5. counter trend play, likely to fast to spot / take.
6. That area, 50's holding top of 26 dashes.
7. exit point for 6, counter trend trade, SL under the lower white dots.
8. Short doesn't go far. maybe move SL up for 9
9. additional position to 8, SL close
10. shorting near the yellow dash
11. same really
12. same really, but if I fell alseep it went 120pips WOWSA ( I'd be out wayyyy before )
Hope that makes some sense.
Where the SL is tight, I can and likely will double the lot size
