My last post, just sparked a brain single cell wave, hmmm!!!
I've noticed I'm pretty much playing the 20sma's ( 0.01% range ) direction and also the 11ema ( 0.01% ) so if I remove the 11's outter 0.04% then I'm less waiting for a pull back to low.
Using the 20sma 0.05% as my auto SL point, but not putting on chart, or it'll be a another range I try to play and it'll kill me.
So wait for Strength - Moderate+ then when 11Ema and 20ema both going same way, join strength in the 11ema zone ( 0.01% ) then ride it.
This removes chop trades nicely, obviously it can become chop but the SL is far enough away to not be wastefully triggered and good chance it'll get back on 20sma momo direction.
Sim Test DAX 9th Jan 10am..
Turned up, waiting for entry, didn't get, 11 flat so don't enter maybe ?? ( or just enter on 20?? not this time good call / rule )
Down short 13480 SL 92 and falling, exit 68 +12 Buyer support maybe ??
This is working in my back testing, some markets enter with 20's direction in the 20 0.01% ie slow trend, SL out to 0.08% which is rare chop hits SL pointlessly, obviously I need to exit and flip sides if 20 turns against me.
Upside on some trades IF I can hold long enough are well great, move towards more hands off swing style with M1 data, which might suite my useless lack of discipline at times better.
Think I finally quantified direction aswell, if 11E 0.01% above 20S 0.01% then trend, if they merge chop and flip the other side.
Much simpler way at looking at markets, me likey, ecccks 1:30am all of above might be lack of sleep LOL
Woman wise, bumped into lastest bird, super happy to see me, didn't stop long, she looked disapointed seeing Thursday, also a bird I was seeing got in touch seeing Wednesday night, just became single wants to meet up, wonder what she wants
Woman, just like buses!!