More simple is impossible

DAX +29 +35.

Slower MAs pointing up, both slow and fast CCIs ready for entry (-100), retracement in form of flag, SL almost hit but eventually saved, out at previous drop source.

Hey Mor707. I am glad if it helps. When I review a chart and the trades, i learn from it as well, and try to see what i missed when it was happening and what to be on the lookout next time. Best, Josh

DAX +20.

Pullback to the MA still pointing up, BRN and both CCIs at -100. SL moved to BE as soon as possible, scalped and done for the day.

The thing about markets in real life - and completely obvious lies about 100% winning trades aside as in this thread - is that there is no certainty or perfection attainable in trading because it is a probability game where the outcome of individual trades is random, all it takes is George Soros putting on a big order throwing all ones clever analysis out the window.

Your edge only plays itself out over the law of large numbers, meaning losses are absolutely inevitable.

But that's absolutely no problem on ones path to net profitable trading, losing regularly while still having an edge over time is the exact same principle as what drives success in a casino.

Most people starting out erroneously believe that the more they study the more they'll be able to catch every top, bottom or wiggle in between.

You never will.

That's probably the biggest fallacy and reason why most won't make it: seeking answers where none are to be found.

People who went on to earn fortunes usually had pretty simple, albeit robust systems, and learned that a holy grail without losing trades neither exists nor is it in any way necessary to make a fortune.

Making money for them was more important than being right on individual trades.

The answer is never outside, neither in a system or running after some non-existent holy grail grail or guru for hand-holding, the answer is always in selecting one simple setup attuned with the way markets move in ebbs and flows, and then just getting on with it, lifting your skirt, grabbing your balls and pulling the trigger.

You'll never know in advance which setup will end as a winner or loser, so just take both in your stride, winners and losers, and be amazed at what you can achieve with imperfection, how much money that can make you.

Good luck !!!

But you won't need it if you can do that.

;-)

Short Trade Setup.

I like your charts Jakucha.

Simple, to the point and effective.

Linda Raschke said that the only pattern you need to make money are bull / bear flags.

Best risk / reward ratio out there.

Take em with discipline and you will make money.

Corroborates her other excellent research proving that you can beat 90% of all other market participants chasing perfection and a holy grail, that you can beat that lot by using a system that has nothing but random entries coupled with good risk / reward ratios to make you profitable.

http://webcache.googleusercontent.co...&hl=de&ct=clnk

THAT's the secret.

NOT some method.

As long as you find some way to buy low and sell higher you ARE set, if you can accept and live with the inevitable drawdowns on the way without switching systems. (And yes buy high and sell higher also works and can make you rich, but win/loss ratios will be lower.)

Good trading mate, the way you're doing that DOES work.

:-)

nice move

Target hit and Divergence on lower Range Bar Chart.

Dax 30....+22 -2 -9 +21
LL/LH....HL/HH.....ABCD

Very nice, was also the 38.2% of the drop which formed a nice h4 bearish pin. Missed this one, congrats!

Looks like it could be a nice long setup.

Thank-you....with all 4 trades i never glanced at the indies......just followed the LL/LH....HL/HH.....ABCD and kept a tight SL......almost closed the the 9 pip loser for +4 but over thought it....

123 on 5RangeChart. Let`s see how it plays out.

Yes, but I find it hard to read what exactly is going on below HA?

Good, solid, and above all reproducable KISS trading Philippine.

Way to go :-)

Market went after a double Divergence on 5 Range Chart into a sideways Mode. Important to notice is the higher Low, followed by a 123 pattern.
Trendchange to the upside.

Yep, got a piece of that. But no trend change

I aspire to do same someday, in the meantime I found something that draws the HH HL LL LH...

Ger30 BE+2.
The market giveth and the market taketh away, or in translation, i had pips in hand went for the ones in the bush and ended up hungry.
An error on my part as i could have easily banked 40 pips, but went with a BE+2. I was confident that due to the 38.2% retracement on the 123, i would at least get 127%. For this reason, i think i should start using two contracts...one target "sure" pips, let the other run to my targets. I completely did not see the obvious setup setting for a short after a div on 5 and 10, then a 123.... Anyway, explanation on chart.

Why can't one find that indicator that tells you just when to enter and when to exit?