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More simple is impossible

Well done Jakucha
In this trade you did it perfectly, entry and exit. Couldn't be better.
Why did you close there? BRN? That candle wasn't even close =)



Quoting jakucha
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.... {image}
And agree with your sentiment on trading after pullbacks. Looks really easy when chart is already formed, but meanwhile I know how it feels. We tend to enter on the opposing side, "trying" to get the whole reversal move when there's no need to do so. Just follow trends.

Do you like better CCI than stochs and MACD? How you use it and why instead?



Quoting jakucha
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.... {image}
Quoting cfabian
Well done Jakucha In this trade you did it perfectly, entry and exit. Couldn't be better. Why did you close there? BRN? That candle wasn't even close =) {quote}
Sure, the entry i explained already, exit, well, as you can see, it was quite a nice move up already and i planned to close at 10150 but i was doing something else (not a full time trader). then i saw 10150 was hit and closed it manually. simply i forgot to put a take profit.
Hidden in plain sight.
Quoting cfabian
And agree with your sentiment on trading after pullbacks. Looks really easy when chart is already formed, but meanwhile I know how it feels. We tend to enter on the opposing side, "trying" to get the whole reversal move when there's no need to do so. Just follow trends. Do you like better CCI than stochs and MACD? How you use it and why instead? {quote}
About the CCI, I just studied last weekend some of the content posted here by the member who the haters love to hate instead of bitching and found some interesting things in the process, did some backtesting and still trying it out. But so far so good I must say. Same use as the rest, identifying cycles. Of course as we very well know, better performing when ranging, but in a strong trend can give you the pulbacks quite nicely. Also switched to mean renko instead of renko (less noise), and to 2.5 / 5 instead of 5/10, and always a classic chart on the side for PA and fibs.
Hidden in plain sight.
Nice Jakucha...
What you mean by "mean renko"? What is the difference and how you set it up?



Quoting jakucha
{quote} About the CCI, I just studied last weekend some of the content posted here by the member who the haters love to hate instead of bitching and found some interesting things in the process, did some backtesting and still trying it out. But so far so good I must say. Same use as the rest, identifying cycles. Of course as we very well know, better performing when ranging, but in a strong trend can give you the pulbacks quite nicely. Also switched to mean renko instead of renko (less noise), and to 2.5 / 5 instead of 5/10, and always a classic...
Quoting cfabian
Nice Jakucha... What you mean by "mean renko"? What is the difference and how you set it up? {quote}
google it, easy to find
Hidden in plain sight.
Thank you. Already did. What indicator you use? Mine doesn't have the option to configure it like that.
In your experience has less noise as they claim in the explanation I red?



Quoting jakucha
{quote} google it, easy to find
Quoting cfabian
Thank you. Already did. What indicator you use? Mine doesn't have the option to configure it like that. In your experience has less noise as they claim in the explanation I red? {quote}
1) look for ovo cz on google
2) yes less noise, this is what I just wrote ...
Hidden in plain sight.
DAX +24

Last one for today, sold the 78.6 fib, probably could have added heavy after the 123 pattern confirmed and also maybe closed lower as target was lower flip zone but let's not be greedy and give back some profits now, it's been a good day, more than the ATR with singles lots. if only it was every day like this !

EDIT: given the reaction at the obvious daily / weekly SR zone this morning, new daily highs are not to be excluded now, let's see how the daily candle ends but buying deeper retracements until the first half of may might be a good idea if some signs of up trend show up. Maybe it can close the gap around 10680. We don't know yet, and until 10520 are tested again.
Attached Image (click to enlarge)
Click to Enlarge Name: 7172e771daa1e34b0210f321ae77b062.png Size: 33 KB
Hidden in plain sight.
Quoting jakucha
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.... {image}
Great trading J, I'd like to know how your Superjolt Duplicator to work I've tried and tried, I presume you drew the S&R lines on a separate chart and the Superjolt Duplicator printed them on the Renko chart?
Let it turn and find your entry.
Quoting jakucha
{quote} About the CCI, I just studied last weekend some of the content posted here by the member who the haters love to hate instead of bitching and found some interesting things in the process, did some backtesting and still trying it out. But so far so good I must say. Same use as the rest, identifying cycles. Of course as we very well know, better performing when ranging, but in a strong trend can give you the pulbacks quite nicely. Also switched to mean renko instead of renko (less noise), and to 2.5 / 5 instead of 5/10, and always a classic...

What are your settings for the double CCI?
Let it turn and find your entry.
Quoting Intrepidpips
{quote} What are your settings for the double CCI?
hello !

so

1) this is a proprietary indy that i cant share unfortunately, that plots the four most recent and significant SR lines from timeframes from m1 to w1. im lucky it also works on renko charts; but i can give u a hint, look for PZ Support Resistance and dig the web a few minutes. you may find something that could help. but again, nothing better than our eyes.

2) fast is 8 and slow is 20. i could post the indies here but i suggest you find there where they ve been posted originally on FF as you might, as i did, learn a lot as well from the thread http://www.forexfactory.com/showthread.php?t=486543

EDIT: i see you re familiar with the thread so you know already.
Hidden in plain sight.
Here's another one. Pretty solid, works on Renko as well.
Attached File(s)
File Type: mq4 SS_SupportResistance_v06.mq4   33 KB | 208 downloads
Invincibility lies in the defence; the possibility of victory in the attack
Just back in front of the charts and i see dax drop, i feel like breaking something, really have to leave some runners and accept breakevens more

#gutted
Hidden in plain sight.
Been a long while Clive.
Let it turn and find your entry.
Quoting jakucha
{quote} hello ! so 1) this is a proprietary indy that i cant share unfortunately, that plots the four most recent and significant SR lines from timeframes from m1 to w1. im lucky it also works on renko charts; but i can give u a hint, look for PZ Support Resistance and dig the web a few minutes. you may find something that could help. but again, nothing better than our eyes. 2) fast is 8 and slow is 20. i could post the indies here but i suggest you find there where they ve been posted originally on FF as you might, as i did, learn a lot as well...
Thanks but,I have the indie posted here by Clive back in the early days when I was just lurking.

I had thought you used this http://www.forexfactory.com/showthre...70#post8521770
to lift your S&R lines from the M! or H$ or W1 charts to your offline chart. I wasn't asking for how you drew the S&R lines.
Let it turn and find your entry.
Quoting Intrepidpips
{quote} Thanks but,I have the indie posted here by Clive back in the early days when I was just lurking. I had thought you used this http://www.forexfactory.com/showthre...70#post8521770 to lift your S&R lines from the M! or H$ or W1 charts to your offline chart. I wasn't asking for how you drew the S&R lines.
Apologies, i misunderstood.
Hidden in plain sight.
Quoting jakucha
DAX +24 Last one for today, sold the 78.6 fib, probably could have added heavy after the 123 pattern confirmed and also maybe closed lower as target was lower flip zone but let's not be greedy and give back some profits now, it's been a good day, more than the ATR with singles lots. if only it was every day like this ! EDIT: given the reaction at the obvious daily / weekly SR zone this morning, new daily highs are not to be excluded now, let's see how the daily candle ends but buying deeper retracements until the first half of may might be a good...
Great trading as always......simple and clean.......we had 3 trends to play with today so even if we only get one day a week like this its more then enough.....
Quoting cfabian
Thank you. Already did. What indicator you use? Mine doesn't have the option to configure it like that. In your experience has less noise as they claim in the explanation I red? {quote}
Here's the closet to the Mean Renko.

3 pips Median Renko 100% increment, threw in the Clive's CCI histo although he used just the 14 period CCI with the 120 LWMA
http://www.forexfactory.com/attachme...4&d=1416570990
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 108.png Size: 79 KB
Attached File(s)
File Type: mq4 RK-ml-%21MTH Dual Renko Chart Builder Indi Ver 03-nf.mq4   34 KB | 222 downloads
Let it turn and find your entry.
DAX +21 +15 +29

Good day peeps!

First entry, resistance and round number, closed early again as my target was the blue rectangle below
Second entry, retracement to round number, closed on rectangle
Third entry, long in demand and 78 fib, this one may well be a very early exit as target was the top blue rectangle.

Think it's time to start using double entries and let one of the two run at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 7172e771daa1e34b0210f321ae77b062.png Size: 33 KB
Hidden in plain sight.
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