Need somewhere to think out loud,

I'm hesitating aswell, missed some good entrys, order in finger over the YES button and same with the exits, thinking I should just take a few pips but holding for more all the time, they won't all run fool.

Need some, maybe this will work, Uber tight SL trades aswell, try it, don't marry it, never marry it, it's a TRAP!!
 
Okay RULES to stop counter trading :-

1. If Price goes outside my 26 Envelope then that is the TREND DIRECTION, don't trade against cause that is the strength.

2. If 26sma or 100ema are moving like they have a purpose, don't trade against it.

3. Noticing the 100ema is not a good S/R point, basing trades on this is proving pointless, I have no real SL strategy I like and it end up going stupid, pulling the 100ema ( leaving the envelopes they ROCK ), if market is going up I'm entering on the low of the 26 envelope anyways.

4. the same could be said for 26sma mid aswell, lets remove some system and maybe allow more room for thinking., much less cluttered!! :)

5. Increasing, envelopes 100 to 0.15% and 0.3% and 26 to 0.08% and 0.16%, increased volatility reasons.

6. basically stalls with trend I need to start shorting, use the Envelopes for SL take a 2nd pos if first abit iffy.

7. Flat markets, trade the 26 range or the 100 range well kinda both same time.

8. STOP SCREWING UP!!

9. If I do take a counter trade, SL of 10 MAX and after a min time of 3 mins the base has been holding, to stop me catching falling knives, most bounce for 20 - 30, so worth risking 10 even if I only get a 50/50 win rate.


MAKE IT SO!!
 
Having a theory day so far today....

Had a short with trend 100 which went 50pips in no time, typical.

Called the 8910 2nd bounce inside the 26 long, that went 60 eccckksss

I was calling just below 8940 the pause short, SL should of been over inner white envelope so -13 area, if i can keep the loss at that, then im fine ofcourse.

Below 8980 short op can back in range 26 .



If i can increase confidence in setups maybe incan hold longer, although thats pretty much okay really.
 
Live trade +10 exiting too soon maybe, but thats my style.

Nice top, near highs, had a 13 sl but thats fine.


2 more pips to take out 9k :)
 
Tweaks approved, no middle lines makes it tricky at first to see trend via the 26/100 cross, but if the trend isnt clear then its chop, works nicely.

Makes it easier to see and use the 26 which i wasnt really doing before, so major result.

No more trades, last exit was good, been a few nice setups, but its in chop mode.

Hopefully big account risk trades will be stopped and small loses will be accepted.
 
Well interesting week, nice little profit so going the right way, but doing it the wrong way, modified charts are way easier to read, more focus on the 26 for sure needed, infact the new 26 range fits perfectly today the direction with trend extends but it doesn't move against the trend at all, so easy and TIGHT SL might work.

If I can 1/2 my SL I can double / triple my lot size, this interests me.

As the account grows ( huge for me currently ), it definately focus's the mind on being more professional, $100 account never really cared so kept repeating.

2 - 3 months and reduce the business to a min and easy sailing, nearly there, stay focused.


Plan for the weekend SLEEP this trading is a mind killer!!
 
Confidence boosting test with tweaked method :-


Okay gap down, can't trade until 2hours in approx for ma's to settle.

9pm I think GMT!!

8:51 double bottom near 8900 in 26 spec Long +25
9:10 8940 sellers, short, SL 8952, FAIL -17 area ( got to give it the extra near the 50 )
9:48 pull back, enter with trend long, failing to make new highs / 100 outter range in effect +15
9:51 Short as above, close 8950 +18
10:14 inner 100holding, out +20
10:35 Short only worth +10
11:08 Short ( LIVE TRADED THIS ), took +10

Okay gets messed up, but no real losers so am how many pips is that?

81 pips if awake and switched on and just playing the method right there, with no unfair cheating or trade not taking cause it failed.

Longs above 8650 game me a 60pip clear move.

Entry over 9000 for +25
Another pull back +15

A dip below 26 and downtrend forms, PERFECTION! HIT IT!!
 
To put more focus onto the 26's envelope ranges, settle the entire if I take a entry near the outter 26 envelope then where do I put my SL, looking like a 0.21% Env might be the solution to this, of when the 100's are well outta spec.

Must reduce SL's without hurting profit % to much, then I can ramp up lot size and retire before 45 :)


APPROVED!!
 
Over spending, without taking any money out well where finance allows, new Sony Z1 Compact to replace my 2 year old phone, very nice and waterproof :)

Screen is bright enough to see charts and do the odd trade from, if I'm too lazy to carry around the Z Ultra..

Retail therapy to lessen the trading stress I think, or a you made a good profit, have a treat maybe LOL
 
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