Need somewhere to think out loud,

No trades so far all week, but finally getting an appreciation for better quality setups, much better understanding of what the market is doing, so not a bad thing, trying to be more of a Pro!! Let the market come to me, rather than pushing bad situations.

Ofcourse this will likely fall to pieces the seconds I place a live trade and it dares defy me LOL

Difference between trading well and not is simply brain working or not working ofcourse.

Got a damn cold coming, feel wrecked, wanted to hit the gym to :(

Ohhh week Monday over night, got a hopefully HOT date, been chasing this 1 for 15years, seen her like 5 times in total, she's single and off to visit, 100miles away but hey WORTH IT!!
 
Quick overview!!

Both 7 and 20 BB's appear to be working well, not perfect ofcourse.

Colds almost gone :)

I've got to jump in and see what happens I guess, got to put the brain back in place, so no trading Tired as that = STUPID!!

Should this in theory work ? YES, so lets make it work in practice.

Really, don't want to have to invent another method EVER again, seriously, tired of that stuff!
 
Trade #1 after loads of watching, place trade and fall to pieces the old argggh it's real money, I don't want to lose this, HOPE kicks in, ability to play the game and do the right thing goes wayyyy out of the window.

Partially, 7 was down, but traded based on 20, 20 is still up, but price going away, so pinning hopes on the 20 and sucking wind.

20 has to go, can only have 1 vector, just need to learn to trade that on it's own smarter!!


LIFE!!
 
Think if adopt Handles 18sma rules, then it's back to trading, the 18sma's direction, via the 7's BB, when the 7's direction matches.

At the moment, 7 is pretty flat, market stuck within tightening BB, but 18 is putting down pressure on it, multiple attempts to break over rejected.

I should of been shorting near the 18 and scalping for a few pts repeatly basically.

Hopefully just first trade Blues, but unless I have a clear entry and EXIT method I'm SCREWED!!
 
Breaking and Turning up yes, how low could it of went against me, without a clear exit / hope is the issue.

Know got to let it run up enough to make the risk being unlimited worth while, hmmmm tricky.

As it's already back to flat trend, arrghhh!!
 
So.......

7BB range valid enough just kinda at times, to maybe just maybe use, like maybe!!

18sma is a good enough maybe just about kinda maybe, directional indicator to play along with in short.

So throw another random selection of toys into the pot and see what comes out or if I'm able to cope with it live being the main issue.

I hereby decree the method to trial for atleast 1 trade, but not more than 5........................


1. Back to 2positons, I know it's tricky SL management wise but got to live with that I guess :(

2. Wait for Clear Direction 7 and 18 lining up, don't bother with chop.

3. Enter near the 7sma with strength 50% position.

4. Take 2nd position near the low 7BB say.

5. SL exit all out of 7BB Low breaking or maybe out to 18sma

Basically only trade Momo setups, ignore chop and wait trying to time chop is a pain in the chopping ass.
 
I should be saying, +$180 here, sadly I saw the trade and failed to take it.

Entry worked great on DAX and EJ and GU.

DAX going up again, top of 7 take or not, screw it, I'm in short 24.85, 1/2, take other 1/2 near the 18 and bail on 18 breaking I guess.

Keep the upside potential high and kill the loss quickly dealio!!
 
Took the exit +$2 LOL

Yes I can I think work this, 18 is the line in the sand, if 18 can't be the line in the sand, then the trade isn't valid.

KISS!!!

Daughter, annoying me, ruining my trading mood, told her, come here sure, but got no money skint totally till Friday you'll be bored, and she's bored and after money arrggghh to do things, errrmmmm trying to make money faster than you spend it, right go to your moms and be bored there, argggghhhhhhhhhhhhhh!!!!!!!
 
Mission 1 complete LOL

Mission 2, get in on setup early enough to let the setup run, not when 99% gone.

Looking like DAX uptrend is about to kick in, EJ aswell, GU broke up ages ago.

DAX low 7's, nope it's got lower to go, as it falls through the floor, I was waiting for uptrend confirmation so all fine, shorting could of literally went either way.

DAX Spike and reverse, a SL hitter, knock out the bought at the support, tight SL trades, still expecting a turn up, but it's not turned till it's turned.
 
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