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Trading is this Simple? Finally Explained simple and clearly! 45 replies

More easy is impossible 17 replies

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More simple is impossible

Quoting BBalazs
{quote} Nice! Are you holding the positions longer?
Thanks! Yes, I'm trying. I'm finding it to be a little more stressful than scalping, but the returns are better. I need to work on my entries and exits. I've been scaling into positions using only half of my trade size.
Three trades today, 17+21+19. Not perfect entries or exits, but safety come first. I have made a small change in macd to keep me out of some trouble (backside is that this makes the entries late). I hope Dee will continue to post his trades, it have been very valuable to me. Have a nice evening.
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DAX +33 +21 +27

Long entry on renko5 (not 2.5) after retest of demand and break of descending trendline. Exit at intermediate supply.
First short entry taken bit early between 50% and 61.8% of the down move with divergence, second entry on the same principle. SL almost hit.

Need to work on my exits though, that's the hard part because really often when i do not take profits it comes back to BE and when i do it goes further.
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Quoting jakucha
DAX +33 +21 +27 Long entry on renko5 (not 2.5) after retest of demand and break of descending trendline. Exit at intermediate supply. First short entry taken bit early between 50% and 61.8% of the down move with divergence, second entry on the same principle. SL almost hit. Need to work on my exits though, that's the hard part because really often when i do not take profits it comes back to BE and when i do it goes further. {image}

Good trading, which broker do you use jakucha?
Quoting MrFisherman
{quote} Good trading, which broker do you use jakucha?
IC markets.

trading is not to bad but look at what i missed, original targets hit on the downside, frustrating.
Hidden in plain sight.
Quoting jakucha
{quote} IC markets. trading is not to bad but look at what i missed, original targets hit on the downside, frustrating.
Good trading jakucha. You secured pips, thats the most important thing , nothing to be frustrated about. Best, Josh
Quoting JoshuaHope
{quote} Good trading jakucha. You secured pips, thats the most important thing , nothing to be frustrated about. Best, Josh
I am fuming mate. Hard to stomach, i was with the trend, why i closed i dont know.
Hidden in plain sight.
Quoting jakucha
{quote} I am fuming mate. Hard to stomach, i was with the trend, why i closed i dont know.
I feel your pain......I think after a couple quiet rangy days we had no faith in the gap south....still pips are pips
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DAX +35

Small risk blind entry on Weekly and Daily SR (pink and red).

But annoying to go with coin toss trades when you can just ride it all the way down like dee probably did, adding at every small pullback. I mean, come on, look at these MAs, what was i doing just watching it....
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DAX +37

Liked the first bounce up, took the entry on the retrace, exit at minor SR + MA, until I see a confirmation of possible larger retrace.
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Quoting jakucha
DAX +37 Liked the first bounce up, took the entry on the retrace, exit at minor SR + MA, until I see a confirmation of possible larger retrace. {image}
nice play....HL&HH......soon we will know
DAX +23
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....EDIT...The second HL marked was an error
Quoting PhilippineFX
DAX +23{image}....EDIT...The second HL marked was an error
That's 4 more than me
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Quoting jakucha
{quote} That's 4 more than me {image}
But you had the stones for the first 2 legs up
DAX +23 +30, one running at BE

The first leg up started to compress, meaning a retracement was to come for a bettter entry lower, waited for the 50-61.8% fib retracement (blue rectangle) + BRN, oscilllators agreeing. Last entry taken on renko5 for confirmation so a bit higher.

Left one running at BE to not cry over a potential move higher without me. We could see at the very least 10210.
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DAX +23

Went long @ the 123 formation. exit at round number. surely early exit, but positive trades starting to pile up so it's satisfactory after the frustration of the morning.

still bottom one running at BE
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DAX +58. Closed before target because of SR area and happy for now. but frankly can go higher (or waaaay higher), will check if there is opportunity in a retrace to the M15 engulf candle.

Flat for now.

EDIT: hard target hit, of course :/ [email protected]

EDIT :total for today +306 -42 = 264 points. more than the drop I missed so feeling better now.
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Dang! You guys are on fire this morning.
DAX +10 +17

Early short retrace, lucky enough on this one.

Went back long to aim at the 50% fib of today s drop, we just hit it.
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Ger30 + 27 Not a particularly eventful trading day as I missed most of the morning action. Seeing that many of you are able to pick up so many good pips on renko 3, i might give that a go one of these days. Jakucha 264 wtf?...now i feel inadequate and embarrassed posting this result. But great trading buddy.

Anyway, my small trade was a 123 within a 123, i was going to go for 200 ext on the 5 around BRN, but that tiny dip of 10 macd below 0 made me second guess the potential, so i opted for 168% which was in confluence with 127% ext on 10. I am trying to shift my focus towards the PA analysis more, so i am watching charts more than i do trading.

Best, Josh
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