Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Trading Badly, only -$200 on the day area, but still not the plan / idea of trading.
Breaking my own rules in short, DAX was down I went long on a fake up move doh!!
Bitch is I SL'd out at the bottom, just as it turned up, doh!!
9 trades, 7 losers, only 1 loser went large -$210, the 2 profits did well thankfully.
Breaking my own rules in short, DAX was down I went long on a fake up move doh!!
Bitch is I SL'd out at the bottom, just as it turned up, doh!!
9 trades, 7 losers, only 1 loser went large -$210, the 2 profits did well thankfully.
Okay I think / suspect I'm failing to enter with the trend cause...........
1. SL seems to far out / risky, so rather than entering with, I'm waiting for a reversal.
2. Actually that's the issue.
Plan,
Go faster and tighter!!
Looking at a 7sma based range, 0.07% range for DAX 0.04% for FX.
Basically entry should be near the 5 High SMA in a down move, SL should trail just outside of the range.
Dumping the 5sma to confusing with the 7 being so close.
Adding the 7's Mid point
Same old mental black to get over / work around.
Market is going down, has a pull up, I fear that'll KEEP going up so don't take the short and miss it.
School run
1. SL seems to far out / risky, so rather than entering with, I'm waiting for a reversal.
2. Actually that's the issue.
Plan,
Go faster and tighter!!
Looking at a 7sma based range, 0.07% range for DAX 0.04% for FX.
Basically entry should be near the 5 High SMA in a down move, SL should trail just outside of the range.
Dumping the 5sma to confusing with the 7 being so close.
Adding the 7's Mid point
Same old mental black to get over / work around.
Market is going down, has a pull up, I fear that'll KEEP going up so don't take the short and miss it.
School run
Current simple method looks good, no live trades sadly, work stress I really should of quit!
Trading issues are......
1. Entries are alway a tough fast you blink and its gone gamble.
So with the direction of the 42sma when the 7 is same way or tad vague still, ie not on a mission against then need to just risk it, SL of side of range as outside will likely man a turn.
2. Tablet chewed 1gb of data of my phones tether in no time. Set to not install updates, 100mb to last 5 days ipad won't work as only data if phone in the window
My software used to use nothing guess that's changed.
Trading issues are......
1. Entries are alway a tough fast you blink and its gone gamble.
So with the direction of the 42sma when the 7 is same way or tad vague still, ie not on a mission against then need to just risk it, SL of side of range as outside will likely man a turn.
2. Tablet chewed 1gb of data of my phones tether in no time. Set to not install updates, 100mb to last 5 days
ipad won't work as only data if phone in the window My software used to use nothing guess that's changed.