Something to keep in mind for tonight and upcoming days. Either way that's a good road map.
Hidden in plain sight.
Trading is this Simple? Finally Explained simple and clearly! 46 replies
More easy is impossible 17 replies
long-run profits impossible with short-term trading? 39 replies
DislikedGER30+49+32+21. Compounded x10 = 1,020 pips. WOW!! I hear you say, but, is compounding expensive, if you lose, YES. It can be horrendous so only consider it if you can afford it, if I take 10 x 10 pip SLs (1,000) in a day, I would be pissed but I would not be financially hurt. mind you, if I took 10 x 10 pip SLs in a day I should not be trading with real money, not unless I had also got 10 x 20 pip TPs then it would be acceptable. There is a reason the brokers provide leverage and in most cases it is not for your benefit. There are exceptions, like...Ignored
DislikedGER30+49+32+21. Compounded x10 = 1,020 pips. WOW!! I hear you say, but, is compounding expensive, if you lose, YES. It can be horrendous so only consider it if you can afford it, if I take 10 x 10 pip SLs (1,000) in a day, I would be pissed but I would not be financially hurt. mind you, if I took 10 x 10 pip SLs in a day I should not be trading with real money, not unless I had also got 10 x 20 pip TPs then it would be acceptable. There is a reason the brokers provide leverage and in most cases it is not for your benefit. There are exceptions, like...Ignored
DislikedTook a buy on GU on the vertical line for +22 pips, not sure if it was a valid 1-2-3 trade. {image}Ignored
Disliked{quote} 1. Divergence does not automatically mean that the market is going to reverse! 2. You were going CT with major S&R only 10 pips away, even less on your second short. There was a BRN 10,000 and the 50 EMA and a session 38.2% Fib creating a strong confluence area. 3. The first touch at the BRN gave Hidden Divergence (Trend continuation) so your second short was suicidal. This also created a rising Trendline. 4. There was a strong resistance area above, HTF 61.8% + BRN 10,050 which was a more obvious turning point for a CT trade 5. If you had...Ignored
Disliked{quote} happy that i got it right. O yeah btw Dee wanted to clarify the difference in 5 pip renko on de30 , looks abit different on some parts. Will it be an issue since i would not be able to read some possible divergence? {image}Ignored
Disliked{quote} Sorry I should have said, that was an ordinary 5 min chart that I posted, but you did have divergence on your 5 pip chart look on the LH side of the last chart that you posted there is a cluster of 4 bars with 1 bar tail going below the 3 others, if you look at the MACD and Stochs both have Divergence. BTW change the settings on the stochs, change the fixed minimum to -10 and fixed maximum to 110, then add Levels, 20, 50 and 80 this will give you a clearer picture of what is happening, if you can live without the "Levels" no problem but...Ignored
DislikedDAX +39. shorted again at 38.2 as my target hadn't been reached and i was blessed with a good entry level. Closed a tight early but again, happy of today's profits so far for a pre-FOMC day. {image}Ignored
DislikedGER30+49+32+21. Compounded x10 = 1,020 pips. WOW!! I hear you say, but, is compounding expensive, if you lose, YES. It can be horrendous so only consider it if you can afford it, if I take 10 x 10 pip SLs (1,000) in a day, I would be pissed but I would not be financially hurt. mind you, if I took 10 x 10 pip SLs in a day I should not be trading with real money, not unless I had also got 10 x 20 pip TPs then it would be acceptable. There is a reason the brokers provide leverage and in most cases it is not for your benefit. There are exceptions, like...Ignored
Disliked{quote} What brick size, did you use in the screenshot and what are MA settings, seem very precise?Ignored
DislikedGER30 FOMC +49+25. x 10. Nighty Nite. Enough is Enough even for me. Hope you all had a safe FOMC. Who were those idiot Analysts that predicted a rate rise, seriously!! how much do they pay those guys, far too much. {image}Ignored
DislikedDAX +39. Sold the 3p renko divergence in supply + BRN and chickened out at the small retracement to take profits. {image}Ignored