Need somewhere to think out loud,

[Turveyd]

So, given up on any pretence to accurately pick entries, hence 3 positions and no SL.

Its all about under lying momentum, so....

Colour coded the 42sma's, if 42 is green the look for long entry with BB lows or near 10sma, if it slips against me, simply add more as long as still green.

Looks promising, most of the time.

 

[Turveyd]

F12 Sim testing time ( yes BORED ), 1 Bar at a time

DAX 12th Jan 9:30.

Uptrend, far to chasey, moving on a bit, pulling back Long Position required.

Risking it Long 9962, exit 9980 easy

HUGE uptrend there, useless on those, lets study the I take trade and see if I get a fail

Long 10055, Out +12, another small profit.

42 turned down and down she went, exits at the tops of 10BB where the short point, nice.

Channeled, then breaks up, if wrong side an average down could of gotten me out BE so fine.

This is working REALLY REALLY WELL, just got to switch brain off and stick to the damn plan

 

[Turveyd]

More F12!!

Issue I have to over come is, LARGE Losses, small profits, 10% of trades = Large Losses, works out the same as 4 small losses previously mind.

Join Uptrend L9625 2nd L9620 L9613 42 turning, exit ASAP!! Broke up, holding Exit 9636 +11 +16 +23 = +50 or $150 area. Crap 75 Max so +50 +55 +62 = 167 $450

Scrolling through, this works it's simple, less decision based, might even be a keeper, can I trust and trade the 42 well ?? ( The Meaning of Life )

trying to time trades with a small SL has been the issue.

Getting to Momo is UP say, join it, hold it, until Momo is no longer up.

 

[Turveyd]

1st trade, quick $80 only single position in sadly, great move.

Missed the huge move down, worked great through all of it.

Works in chop aswell, enough of a chop component, obviously your just taking the othervside of the BB.

The main difference is, going with the 42s direction absolutely rather than trying to judge strength, all trend changes start off small, makes for more objective.


Or lack of sleep, I've finally gone MAD you choose.


The no SL factor still worries me, likely move to 30sl or similar maybe, dont know yet.

 

[Turveyd]

No more trades just watching while i work.

The move downs where NICE like great, good trades, clear enough entries efficent enough to drop back to 2 positions, would of mainly been single position trades.

Issue is handling this...

Trend change ( news time, so would not be in but good example ), shirt called 8995 then 9012, 42 turns green, no cheap exit, high 9047 which is ouch.

It was quick as in get distracted and ouch, thats $400 at worst place ish

Entry long 9030 just called still -35 -18 =-53 * $4 okay that 200 area can live with, but need to quit before nit risk it.

Longs called since working well.

Still not got a plan, suck it and see for a bit i guess.

 

[Turveyd]

Trust issues to solve, i think every setup will fail, which is stupid when i know most will work out nicely, solving this next issue lol

 

[Turveyd]

Testing to improve confidence on todays DAX.


Big huge move up called, buying the break down went 60 without looking back = PAIN without an SL if I get distracted ( Default )

Shorts, worth 30-40 each, I saw 1, nearly traded it, doh! 2 mins for 40pts nice. 3 Wins

Then turn up, crosses the 40 is that a fail and exit SL placement ??

Volatility is too damn high, 40pt moves being the norm, that's scaring me to

 

[DDR]

Can we see a chart of your ideal setup

 

[Turveyd]

Can we see a chart of your ideal setup

This evening on the PC i will sort.

Trying to get the method as near possible, to market is going up, join it ride it, till its not.

Removing SL, averaging into a position removes any pretence of accuracy and prediction.

 

[Turveyd]

Okay here is a quick look, the arrows are places to go with the arrows direction.

Remember, No SL, manual exits only upon the trend ( 42sma changing or market breaking out to other side FAST ), you want to trade at reduced size and average in 2 or 3 positions trying 2 next.

Try to get in low of BB, forget accuracy, join the 42sma's trend.

DAX top.

US30 low, look for the same entries there, currently going into sideways, 42sma still up so take the low's of BB for scalps.