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Trading is this Simple? Finally Explained simple and clearly! 46 replies

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More simple is impossible

DAX +8+14+34+5+3

I tried to jump into filling morning GAP, but someone from golden office probably see GAP on the other side so PA is a bit messy now. Last trade warned me to stay away, so I am going to wait for cleaner situation or I'll just call it a day.
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Quoting turnip15
{quote} I like the Renko charts that display tails, albeit I use Range Bars. The point is, as you no doubt realise Mat, both are great aids used in conjunction with basic TA such as support/resistance etc. Good stuff Matomi.
Yeap, I have nothing to add buddy. I watch classic timeframe charts as well as renko, because there are things you just can't see on the renko, but the point is still same - see PA from different perspectives and detect in time what is going on, the sooner the better.
DAX +12+5+165+3+26

That runner is actually my best gain I ever made with 1 trade since I started with trading 4 years ago. Couple more of them and I'll quit my job.
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Quoting Matomi
DAX +12+5+165+3+26 That runner is actually my best gain I ever made with 1 trade since I started with trading 4 years ago. Couple more of them and I'll quit my job. {image} {image}
Great job Matomi. I was just watching it...
Quoting majrou666
{quote} Great job Matomi. I was just watching it...
Thanks, hope you were doing well today, too
Hello Matomi I have taken your indicator but...?help
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Quoting Avengedh
Hello Matomi I have taken your indicator but...?help {image}
Your qoutation is 12000.00, mine is 12000.0. So 10 pips Renko chart with your broker is 1000 brick size, 500 is 5 pips, 300 is 3 pips and so on. You can find also many video tutorials on Youtube how to set up Renko charts properly.
Quoting Matomi
{quote} Your qoutation is 12000.00, mine is 12000.0. So 10 pips Renko chart with your broker is 1000 brick size, 500 is 5 pips, 300 is 3 pips and so on. You can find also many video tutorials on Youtube how to set up Renko charts properly.
Ops thank you!
DAX +11+20

First entry was a bit careless, entry signals were great but I entered too late on BRN. I didn't close it even if I could with small loss and that wasn't really clever, I knew what's going on, but also that "I knew" is 50% in trading, never more. I bet, without so strong singals for up move it could be really interesting for me... Nice room for another big moves today, but I am done, it is enough and avoiding unnecessary risk is best strategy I probably discovered.
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Quoting Matomi
DAX +11+20 First entry was a bit careless, entry signals were great but I entered too late on BRN. I didn't close it even if I could with small loss and that wasn't really clever, I knew what's going on, but also that "I knew" is 50% in trading, never more. I bet, without so strong singals for up move it could be really interesting for me... Nice room for another big moves today, but I am done, it is enough and avoiding unnecessary risk is best strategy I probably discovered. {image}
Hi Matomi, again very good trading. What do you consider as HTF? is it higher renko chart or 1h,4h or daily? Thanks
Quoting majrou666
{quote} Hi Matomi, again very good trading. What do you consider as HTF? is it higher renko chart or 1h,4h or daily? Thanks
Many thanks, actually both. HTF (Higher Time Frame) is H1/H4/D1 for me or Renko 5/10. As trading TFs I use M1 and Renko 3. I was playing with Renko 1 as well, but volatility now is much higher since big drop on DAX, so would be irrational watching it.
DAX +10+7

Okay, today's plan has succeeded. US Bank Holiday, so I wanted to be in the market as short as possible, but I also wanted to give it a chance. If some nice situation will show up today maybe I'll jump into it, but otherwise I am done.
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DAX +4+4+5

No time for trading. I am pissed off, look at that long - I had TP on 12500.0, exactly point where it turned over, but I had to close it because I was leaving laptop and it was only +4 so SL to BE wasn't good idea and I had to take what it gave to me. Last trade I jumped in with higher lots to make at least some profit, but I am not happy anyway. Hope you were doing better today, traders.
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DAX +5+2-5+8+3+14+6+6+2+9+16

Whole day trading. See u tomorrow.
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Hello gang, hope to find you well.

I see there was some activity here in the past few weeks. I was away as I was in the hospital and had a surgery. All good with me... will catch up on the thread and hope to contribute soon.

Best
DAX +6

Last one, for better sleep. I was aiming for fill the little GAP on M1. This is pure example why I watch classic TimeFrames as well. You can check the history few days back, this little things hapenning every day and they always pushing back price for filling it up. Btw, I didn't wait for filling, I was happy with my 6 pips, GAP was on 12401.0.
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Quoting cfabian
Hello gang, hope to find you well. I see there was some activity here in the past few weeks. I was away as I was in the hospital and had a surgery. All good with me... will catch up on the thread and hope to contribute soon. Best
Hope you are alright buddy. Get better :-)
DAX +10+2+8+10

Easy peasy this PA. I missed whole up move with last long position, but traded these 4 trades with higher lots, so not offended me too much.
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DAX +15+5+20

Last ones for this week. Enjoy your weekend.
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Hi Matomi,

where can i find the indicator on your charts that show your entry and exit and the resulting pip gain /loss. I am using Mt4

Thanks
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