Need somewhere to think out loud,

Only Sim trades so far, practicing when wrong manual exit without SL .

Take a position, goes the wrong way, moves down 15 say, take 2nd position, it will most likely pull back 10 so BE exit area.

Some times it will trash be through without giving a good exit, got to learn to take the hit on those.

That needless 8 losers in a row, where all SL hits, or bad trades after SL hits, average down, most of them would of made good profits.


I've been anti anti SL for years, but got to try it, running out of time and options here.
 
Trade 1 epic fail, caught a trend change, didnt exit at the tops as planned, running too close to margin, got margined out -250.

Reduced to a level, i can almost trade 3 positions, might be preferable.

Getting into it, 2 profitable trades since, back to -180 still mind, nothing big as yet.

Give me a week to adapt and iron a few bugs out.


Simples!
 
Methodology working well, 8 small profits in a row, nearly back to BE, obviously trade 1 was counter trend, trade with trend, look for cheap exit on trend reversing, don't over think it and job done :)


Loads easier to trade without SL at work aswell, removes most of the stress and worry.

Go back to 2 positions, or stick to 3 which i can use again, hmmmmmm.
 
Pop into the Close, quick $100 thankyou and goodbye :)

Only trade of the day, HEADACHE to die from almost literally, it's going around everyones got it, so viral, great!! :(

Got tomorrow free to trade!!

Still looking good, looking at 80% area win rate, 15% taking small loss, 5% run away with a slap, but thinking better than paying spread and nickel and dimed from SL hits.

It's break outs from the range which don't return, but I average down expecting them to return that'll hurt me, how many counter trend and how many no trend break outs happened today ??
 
Possible BB protection method, it breaks out from and I'm on the wrong side = BAIL!!!

BB 24sma 2.5

Looks to be a better way of seeing the longer trend.

Test, 25th Jan DAX

Okay, this is just Exit, I don't trade off this, get this into my head!!!

1. downtrend, short 9790, turns up, 9800 2nd short, 8's turned up Bail, then bb24 gets tapped, loss -15 -6 can live with that kinda.

Down move there, top BB goes wild so SL of no use there LOL

3. play shorts, no issues 4 profitable trades there.

4. Fake break down, which wasn't there to 9710 area hmmm.

5. if I was playing shorts near 9750 for scalps, few nice profits then a break up out -10, goes -35 victory.

6 uptrend, profit, profit from 9750, a few times.

7 Breakdwown there, out -10 went -25

8 inside 24 move, which never comes back, -12 area.
 
This tweak to the chart, changes the method dynamic again, concerning SL's :(

But learnt small SL, even 10 isn't enough, so 20 and keeping 2 positions ( maybe 3 LOL )


I've got to start evening trading US30, could of made some good bucks there.


Plan is still, 2nd position @-10 ish then look to exit before the SL is hit, or bail before 2nd position if ROUGH, the -20 is a emergency SL I don't want to let run that far, too often.


SLEEP!! Tomorrow I shall attempt to trade!!
 
I swear, people ring me and message me the second I place a trade on purpose and cats go wild to.

STRESS TO DAMN HIGH!!

1 trade so far, 9721 then 9713, out at 33 +12 +20 = +$128 nice enough in 6mins LOL

GF working from home, talking all day long sucks to.

Degus on a mission running.


I'd of likey not taking above or taken a loss on above, so risking most ( all almost LOL ) is working much better for me.

Shoot the GF, lock cats and degus upstairs, disable all messaging apps and phones and hey presto I'll be doing okay!!

Walk get away before I explode!!
 
Method is looking sweet, no SL's suites me better so far, despite terrible stupid first trade I let run away from me LOL

It's just 1 less stress, which helps with focusing on entries and exits manually.
 
I'm definately getting the hang of this method, rules....


1. No trading against the 24sma's direction, direction change exit.
2. Breaks outside of the 24bb counter direction, indicate directions changed, exit.
3. Take entries low of 8 bb (long), or 8sma strong market.

Simple, as long as the 24s direction is hoing my way then odds are the 24s range will hold, it will bounce me into profit, sooner or later.

Risk 3xs the loss, but much fewer losers needlessly, which annoys the crap out of me and stops me trading.

Up about 200bucks today, too busy running around after people, missed the string up move to exploit.

Always tomorrow or more likely next week.
 
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