Need somewhere to think out loud,

Nice DAX entry, with fast trend, didnt wuss it :)

Set TP to get out near firstvlow, went back to top of 7 range and back down :)

+$101 trade 1 :)

Ofcourse this time it breaks down be up 200 area here, typical.

Progress :)
 
Dax +$112 :)


+272 on the day :).


My getting emotional, big loss looming alarm is going off, run away run away, so breakfast, client, back after US open.

Trading in busy times is becoming manageable :) rather than too scared, wasting time in chop.

Methods great, well the 7 bit, so changeable the 24 isnt really working, actually 24 sma not working on dax, working in FX and the range is working great.


Eyes are really sore, note to self, use the damn reading glasses lol
 
Behaved, stayed out, regret it a lot of nice setups and big moves, odds are would of gotten on the wrong side, digged in and damaged account averaging down.

Stick to FX pairs stops me doing that.

Might request a margin change to 50:1, then set lot size as big as possible, use margin as a protection against big stupid losses, would of prefered to have banked 75% of the account, but never mind.
 
Dropped my margin on all to 50:1, then I will try near the limit of my margin and as account grows / shrinks, keeping my excess margin to about double my SL I guess.

Long term SAFER I think :)

I might of been in to 4 DAX positions and short term very RED for a while twice today, hence emotional, thankfully both gave me profitable outs this time :)

Only might ofcourse!!
 
Damn I'm missing huge moves I see here trade it right with the flow and full time money made easy.

Margin should be droppped, that puts a end to over trading i guess, forces professional only from here on, 1 solution to the issue
 
Margin change hasn't taken effect yet, over night maybe ? pretend until it hits that it's happened and try to behave I guess.

To focus the mind and get MAX bang for my bucks, all lot sizes setup with approx $500 of margin left give or take, so worst case I lose the $500 if I screw up, move the SL, can't add extra positions good and bad points, stop my trying to average my way out of a loss.

Hoping with the Lot sizes errrrm high

DAX $15 per pt.
GA $11
EJ $14
GU $14
EU $17

Account increases, so do the Lot sizes keeping approx 10% in reserve!

Hoping the increased amount, will focus the mind some what, 1/2 size turned into a errr it's 1/2 sized don't care, lets just flip this, ohhhh and it soon added up.

Got till 1pm tomorrow, then back for 3 to 5, kids this afternoon kept my profit, missed some amazing moves :(
 
Clusters with direction, is still the main focus for me, I'm doing it right for the most part finally I will add, SL TIGHT, if it takes out Prev high then odds are it's going to go the 5 more to get to the SL, so save the 5.

TIRED and STRESSED, hope in a few weeks of this kinda trading, it'll become 2nd nature and become easy, but we shall see.
 
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