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+26 on the week, I guess I should be happy but the -24 kinda bites me still, stupid trade after watching loads of profitable trades all day and being too lazy.
Get better, method minor tweaks to open up more trades, then start hammering it!!
Can you help answer these questions from other members on NexusFi?
Reviewing trades, need to reduce SL risk, accepting more losses as a down side, most of my trades are damn good entry wise winning trades barely see any negative.
Should be able to increase lot size by 50% then more profits
At the moment is very 3 steps up, 2steps back, can't stop losers but aim for 3 up only 1 down.
This is DAX, YM is tricky spread cost and all, but range is better, not 4xs better but 50% which covers the extra spread and still gives a few extra pips! some nice moves to.
1st is obviously a trend change, enough chop to get me out either way.
3rd pretends to be a buy point, but blows through to SL, no soft exit available there but in a good base, which I find hard to spot live still especially this way up oddly.
I see no reason, why I can't make enough pips between DAX and YM and a little bit of GA, just need brain to reengage so might be tricky.
Flu 14th day, still wiping me out, HR and blood pressure are through the roof body is still fighting it and not doing so well, could be weeks before I'm 100%
Well health is improving, heart rate is only 15 higher at rest than normal, better than 30 of last night getting there finally!!
I was trying to trade today, but total lack of confidence back to worrying about what if it loses rather than what if it profits, methods puts odds on profit so need to knock that on the head.
New ranges being optomized :-
YM / US30 a 100ema 0.125% envelope fits around todays weak action perfectly, look for a pause or S/R near the envelope and reversal likely, easy as.
Same on the DAX, but the DAX's 0.125% works at times, then at others my previous 0.25% works.
More sleep, work tomorrow rest of the week trading hopefully!
Damn shame I call called out was supposed to have till 3pm area but alas, damn good day.
I see no end of money making setups today yesterday pretty much ZERO at all.
Tomorrow till 3pm area, then Maybe Friday, need PIPS and progress or this is going to rapidly go pear shaped more time I take away from trading the harder it becomes to take trades for me
And SHATTERED so no real motivation to jump on US30 short at this moment, although it is tempting, top of +0.1% range and good odds ( 4 spread is off putting though )
Getting my head back around it, it's starting to talk to me again ( not really ofcourse ) and tell me where it's going.
Thinking clearer, realising some issues bla bla bla.
My tighter SL, increased lot size was on error I fear, too much pressure to be RIGHT, I thinking with my new range anylsis looser SL and reduced SL size and 2nd position @-10pips area might work better.
YM need SL 25 - 30pips, so 2nd position approx 15 - 20, so 40 - 50pips in total...
DAX need SL 15 - 20pips, so 2nd Position Approx 8-13, so 23 - 33 in total.
DAX I'm happy to leave as is, not much more, but YM / US30 better trade that at 50% or 60% position size tops.
Does move more, so trades should balance to the same approx value.
Reduce stress, increase hold time, increase trades made, increase profit! simples!!
Still ILL so, SLEEP MORE is the order of the day currently still!!
Got 2 ranges going on, 1 based on 100ema, the other 26sma, found the 26's range to be too tight to trade and got too many lines on chart blinding me so new settings...
26sma + Envelope 26sma 0.07% and 0.14% settings
100ema + Env's 0.12% and 0.25%
Cleaner, looser, less stressful, less trying to being uber accurate.