OK. So Dale has a good point.
But before I wrap here I have to actually codify my plan. Looking through the charts and trades I have taken here are some things that I will be incorporating into my plan.
TP, Set it when trade is initiated this will be based on ATR and PA
When the xlv4 color 9ma changes send out a .01 “scout” to see where it will be heading.
Confirm the direction and start laying limit orders with TPs
I will be using the XLV4 Color MAs 9 & 20
ADX without the +/- lines
Monthly/weekly SR SD zones
Looking for confluence I will put on and off Fibs and the shved_supply_and_demand indicator.
Will lay limit orders as trend continues. If TPs don’t hit will take profit manually.
While my patience can be deep it has caused me to believe the trend will never end allowing winners to become losers and having to wait for it to come back into profit which can be eons for some traders here!
This has been the reason for holding some positions for months. Not a good reason but closing out the money is a confirmed loss. Managing money/risk has allowed me the luxury to wait out the storm.
The solution is to scout better entries using the M/W S/R S/D zones, enter on the daily 9ma color change watch for the direction and layout limit orders and know where I’ll be taking profit.
That’s pretty much it. Not very complicated. No chart gazing for hours. I’ll be posting some examples over the next couple of days.
Still haven’t settled on a broker…
Edit: Yes I know indicators are lagging, all price bars to the left are lagging, naked charts? I’m not that comfortable with my nakedness yet… sorry. Given my longer term trading approach this set up seems to be working for me as long as I remember to take profit.
Some folks have FOSI (fear of staying in) I have FOGO (fear of getting out!!) Have to relax my “alligator arms” and not try to squeeze every pip from each position. It’s like trying to take all the water from a river… no need … just dip in my bucket and remove when it’s full then “do it again” as becker and fagan said.