Need somewhere to think out loud,

This muppet, left in 15SL auto, thought loss of -$40 didn't seem much.

10 trades on the day, not a single profit due to SL's and -$300 here, arrseee!!

WORK rest of the day, leaving trading till back in the move next week.
 
Returned settings, to 12Envelope and 6 Envelope, realised that works GREAT, it's the 6 which is the important part, the 12 is the backup plan, got this switched around in my head I think, hence the performance from perfect to rookie.

I also blame the HEAT 30c in the UK with no air con, no real sleep in ages, SUCKS DONKEY DICK!!!
 
6 and 12 Envelopes are perfect, PLOT LOST, a bad day = Go on a wild goose chase, but realised that and back on it, soon, I'm going to try not to trade to this damn heat wave is over looking like Tuesday and atleast 1 night of good sleep LOL so Wednesday area.

I must not go on a goose chase, I must stick to 6/12 and learn to trade it better, I must not be stupid.
 
No trades too damn hot, no air, can't concentate on anything, weather should break over night 30c today down to 23c tomorrow :) then back on it.

Method original profitable 1 is fine and dandy, its just the cycle, make loads, take a slap, lose confidence, reinvent the wheel, repeat. Needs fixing, so straight back to making, work in progress there big time.
 
No trades yet ( Heat Wave has gone finally ), watching, playing the what if game, till I get my head back in the game.

Soon maybe, it's all about the 6 Envelope, not about the 12, 12 is a possible trend reversal point and exit point, but odds are it gets to the 12 and it's going to power through.

Tweaking, brain to be more and more Momo based.
 
No time still, few times I've had to watch this is how to do it, kinda coming back to me, but trying to trade it better than I was before I start.

It's all about jumping on early turns, then the 6's new direction, within the range, using the 12 range but smart so it's not likely to break out of this range.

Work tomorrow, Friday set aside for trading!!
 
Damn it new FX regulations 29th July, margin reduced from 200:1 ( too much but nice ) to 30:1 FX and 20:1 DAX and YM.

I've been trading YM at $20 per point area recently, feels worth my time, that's going to be reduced to $2 per point, a 10pt move gets me $20 yeah that's worth my time :(

GU and EU I'll be able to trade @$7 per pt, still rubbish!! :(

So my account growth is cut in 6th / 10th, which instantly reduces me to hobby trader and SCREWED, no way of becoming full time without lets face it $40,000 in my account :( just to make what I can make currently, ASSHOLES!!!

Find Alternative broker I guess, Australia I guess, is where my money needs to go :(
 
Do you really need more than 30/1 leverage to make it worth doing?

Everyone tells me that as Australian counterparty forex brokers go, Pepperstone is better than most, honest, reliable and well regulated.
 
Lukas V said:
Do you really need more than 30/1 leverage to make it worth doing?

Everyone tells me that as Australian counterparty forex brokers go, Pepperstone is better than most, honest, reliable and well regulated.
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Yep sadly, barely feels worth it at times as is, knocking off the losers ofcourse :(

https://www.icmarkets.com/en looks good so far,

Like the Idea of LMFX as 100% added to your start balance bonus but sounds fishy,

Thank, that looks pretty good aswell, CTrader looks good.

https://pepperstone.com/uk/

Not been a wasted 15years getting profitable after all LOL

LIFE!!
 
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