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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

SIMPLE EA for a simple method needed!! 1 reply

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More simple is impossible

Higher timeframe pattern Breakout. Still asking how to trade breakouts????? Let Lance Beggs show you.
Attached File(s)
File Type: pdf Higher Timeframe Pattern breakout.pdf   331 KB | 1,158 downloads
Cut your Losers short and let your Winners run.
Quoting Matomi
{quote} I think today is no problem with creating new account within 24 hours with most of the top class brokers, so no big deal anyway ADS Securities, IC Markets, LMAX, offer is still bigger. Only idi.ts are fighting against retail traders, they makes a money to brokers, not the big ones. Why would the most of brokers worldwide set a required amount of money to create Real account lower than 500$, nowdays it is even less (Pepperstone UK - 10$ to open a 0.10 lot size position on DAX), if small retail traders are not their milk cows ? The only...
Well Brokers were against this. At least those who were sane. As it's their money on the table. -> Less money for them or even none if people go elsewhere.

Btw. Offer is not unfortunatelly bigger at all as most of the brokers have multiple branches and therefore some of them are usually based in EU. So you can cross out ADS London(automatically redirected for EU residents) and LMAX as they are both based in London.. FCA will have to obey this ESMA BS at least until GB officially leave EU, then who knows.. But this will be in a year or so.


Quoting dee50
Final result of my journey into the world of the small account. 17 trading days. €100 start up, net profit €238 = approx 1,190 pips Trading small took so much pressure off that I found myself verging on reckless, I had to check myself on quite a number of occasions. My wife commented on the fact that I have been a "lot less aggressive and have wanted to kill less people than normal" Although gaining less money I have been a great deal more profitable in percentage terms, if I can migrate this rate to my larger accounts I could retire in a week....
Great trading Dee. But what was exactly your point? When you clearly didn't use 1:10 leverage... If you would made same amount on €25k then it would make more sense.
Today's trades. 1Stupid loss -16 and a couple where I did not click out fast enough = 3 losers, but the rest in profit. €36.47 net profit = 182 net Pips @ €0.20/lot
I used BE+2 @5 with TP@10 the first few were fine but then I kept getting taken out for +2, so I changed to BE +2 @10 with Partial @10 and TP @20 that some times worked although not one ran thru to TP at 20 without first visiting the BE so some I closed the second lot out manually. Yes you can look at the chart NOW and say "oh you should have done this or you should have done that" Hindsight is 20/20 vision if we all had that books would be written about us and we would be Wizards or Gurus but most likely we would be very poor because there would be no market.
For those wondering why I have posted these results, it is basically very simple, the page could do with a little more colour.
For others, I hope it shows that even a small account traded safely can grow. And that you don't need complex strategies to make it work for you.
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Cut your Losers short and let your Winners run.
Thanks Dee,

Still working hard to get a hang of this lark but your posts are as always both a combination of education , inspiration and motivation to try and get somewhere close to your standard !!

Cheers...Des
Quoting dee50
Today's trades. 1Stupid loss -16 and a couple where I did not click out fast enough = 3 losers, but the rest in profit. €36.47 net profit = 182 net Pips @ €0.20/lot I used BE+2 @5 with TP@10 the first few were fine but then I kept getting taken out for +2, so I changed to BE +2 @10 with Partial @10 and TP @20 that some times worked although not one ran thru to TP at 20 without first visiting the BE so some I closed the second lot out manually. Yes you can look at the chart NOW and say "oh you should have done this or you should have done that" Hindsight...
Hi dee50;
Remember the access link, of this report of Danske Technical Update .. ??
Forgive the inconvenience, I would be very grateful.
Gracias y un saludo.
Attached File(s)
File Type: pdf DanskeTechnicalUpdate.pdf   660 KB | 369 downloads
Hi Dee,

if you could be kind enough, I'm looking for a little advice, you mention your 16 pip loss and the other two trades that you were not able to close out quickly enough. I also noticed that you often allow trades to go into loss (not by much) before they return to trend and hit either your TP or BE. I am struggling with this just now I regularly close trades too quickly before they return to profit or worse let them drift to hit a hard SL. Could I ask your thoughts when managing a trade with respect to this, at what point do you feel that it is right to close a trade and accept the loss or what gives you the confidence to keep a trade alive until it at least makes BE. I appreciate that a lot of this is down to "GUT" feelings which you have built with experience but if you could give me some pointers to focus on then that would be brilliant

Cheers...Des
Hello friends,

May be some of you like this stochastic!
Attached File(s)
File Type: ex4 Color Stochastic v1.04.ex4   14 KB | 296 downloads
Quoting chaveznqoos
{quote} Hi dee50; Remember the access link, of this report of Danske Technical Update .. ?? Forgive the inconvenience, I would be very grateful. Gracias y un saludo. {image}
Here is the link. Danske Bank Research

Complete DISCLAIMER as shown. If you don't they will not let you in!!!
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click on FOREIGN EXCHANGE, a drop down menu appears click on DANSKE TECHNICAL UPDATE
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click on item
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click on GO TO ARTICLE
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Opens in PDF view. click on 2nd symbol on the far right top of the PDF viewer, next to the CAR symbol, to download to computer if you want to save it for later reference.
Attached File(s)
File Type: pdf DanskeTechnicalUpdate_110618.pdf   782 KB | 427 downloads
Cut your Losers short and let your Winners run.
Quoting des_b
Hi Dee, if you could be kind enough, I'm looking for a little advice, you mention your 16 pip loss and the other two trades that you were not able to close out quickly enough. I also noticed that you often allow trades to go into loss (not by much) before they return to trend and hit either your TP or BE. I am struggling with this just now I regularly close trades too quickly before they return to profit or worse let them drift to hit a hard SL. Could I ask your thoughts when managing a trade with respect to this, at what point do you feel that...
Des. I have to actually think about this so as to put it in words. I do it so automatically now it has become instinctive. I will get back to you on this, soon.
Cut your Losers short and let your Winners run.
Quoting dee50
{quote}Here is the link. Danske Bank Research Complete DISCLAIMER as shown. If you don't they will not let you in!!! {image} click on FOREIGN EXCHANGE, a drop down menu appears click on DANSKE TECHNICAL UPDATE {image} click on item {image} click on GO TO ARTICLE {image} Opens in PDF view. click on 2nd symbol on the far right top of the PDF viewer, next to the CAR symbol, to download to computer if you want to save it for later reference. {image}
Muchísimas gracias..........
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Quoting dee50
Today's trades. 1Stupid loss -16 and a couple where I did not click out fast enough = 3 losers, but the rest in profit. €36.47 net profit = 182 net Pips @ €0.20/lot I used BE+2 @5 with TP@10 the first few were fine but then I kept getting taken out for +2, so I changed to BE +2 @10 with Partial @10 and TP @20 that some times worked although not one ran thru to TP at 20 without first visiting the BE so some I closed the second lot out manually. Yes you can look at the chart NOW and say "oh you should have done this or you should have done that" Hindsight...
I must confess I have been a Renko skeptic for a while because I saw it as simply an abstraction of the current price chart, a bit like a p&f chart, and unless you are following each brick signal exactly (with a large brick size), it requires another abstraction in the form of some other indicator or rule, to decide what Renko signals are significant. Notably, many of the other contributors to this thread are doing exactly that, including yourself.

So then I wonder why not simply use that particular abstraction instead? A dual or triple MA system can get earlier entries and tighter exits than the Renko bricks (usually). However a profit factor of 10! is nothing to sneeze at. In fact I don't know how to match that feat so I will read your posts, and see what I can learn. Is there any chance of starting your own thread to explain your methods? Do you have a longer term graph?
Quoting clemmo17
{quote} Do you have a longer term graph?
1 page back. Renko Bars just remove the noise, they show Swing points cleaner, from your trading results I wouldn't bother changing what you do, how you trade is working for you so don't change it, refine it, tweak it but don't change to something else. I have been trading like this for approx 10 years that is the secret of my success not some Method.
As for the Method/System all I am doing is Trading Price Action combined with a couple of high yield patterns, that's all. There are no special Rules, well, only one, I avoid losses I trade in Paranoid mode most of the time.
A separate thread. I have been posting charts and explaining entries for years here on FF, there are PDFs in the attachments section showing years of trades even from before I started using Renko Bars.
Cut your Losers short and let your Winners run.
Quoting dee50
it is basically very simple. And that you don't need complex strategies to make it work for you. {image} {image} {image} {image}

Truly a wake-up call for me took me back to the bare essentials to see what is absolutely needed on my charts and what must be done away with.
It all came down to one Moving average and a simple MACD.
Let it turn and find your entry.
Here's an update to the MACD indicator most commonly used here.

https://www.forexfactory.com/showthr...7#post11168647
Let it turn and find your entry.
For @kooza.Image 1,2, and 3 settings for 20SL 20TP BE +2@10 take partial profit 50% @10. image 4. change these settings to change BE +? @?.

here is the link to a couple of PDFs with insructions. https://www.forexfactory.com/showthr...21#post8833621

SETUP Exactly as shown, don't skip any settings if you do you could end up Bald from pulling your hair out.
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Cut your Losers short and let your Winners run.
Thanks, dee .... highly appreciated ....
Hello everybody. For the first time here.

You are all done well !!!

Sorry for the English. Google translates.

Yesterday I tried to work with dax. Interesting tool.

Yesterday trades:
21.5 / 2 / 36.3 / 2 / 26.8 / 23.3 / 23.1 - There was a good trend.

Renko 5.

What can I add from myself.
It is more convenient, for me, to draw support and resistance trend lines on Heiken Ashi in a separate window.
Highs and lows are clearly visible. And in combination with round numbers, the levels work very well. Try it.

Also, I do not know why, THR Coral works well. The price is often repulsed from it. And a cloud of moving averages with periods of SMA13 and SMA21.
When the price comes in and out of the cloud under or over the corvette - can be considered a rollback. But check the round numbers.
The dashed line is SMA144 average.
Colored candles - candles RSI with periods of 5 and levels 40 and 60.

The arrows indicate the possible locations for opening the position. But I was already asleep)

I do not apply the template because there are some indicators in the subfolders. You can adjust everything yourself. If there are questions, I will answer.
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Attached File(s)
File Type: mq4 THV4 Coral [email protected]   4 KB | 266 downloads
File Type: mq4 MA - ribbon filled.mq4   2 KB | 275 downloads
File Type: ex4 #RSI_CANDLE.ex4   15 KB | 241 downloads
File Type: mq4 HAshi_sub.mq4   11 KB | 276 downloads
File Type: ex4 STG_RoundNumber.ex4   86 KB | 266 downloads
File Type: mq4 MACD_ColorHist.mq4   5 KB | 267 downloads
"All good things come to those who wait"
Quoting cfabian
{quote} I get you. I mean I cannot manipulate the indicator I use to mark my trades. Has no option to customize settings. Thats why I mark the vertical lines for you to view. Or any other indicator other than drag and drop trades?
Greetings. If it is still necessary.
The script. Displays all transactions. Comfortable.

Throw on the chart.
Attached File(s)
File Type: ex4 Draw Orders.ex4   11 KB | 282 downloads
"All good things come to those who wait"
Quoting Makstrader
Hello everybody. For the first time here. You are all done well !!! Sorry for the English. Google translates. Yesterday I tried to work with dax. Interesting tool. Yesterday trades: 21.5 / 2 / 36.3 / 2 / 26.8 / 23.3 / 23.1 - There was a good trend. Renko 5. What can I add from myself. It is more convenient, for me, to draw support and resistance trend lines on Heiken Ashi in a separate window. Highs and lows are clearly visible. And in combination with round numbers, the levels work very well. Try it. Also, I do not know why, THR Coral works well....
Very good contribution!!!

Congrats.
DAX +20+15+7+6+5+5+5-5+7+5+5+18 = 93 pips

I've been quiet for couple of weeks and I'll remain, no more time for posting. This is what I was working on app. last 2 months, clear trading, no indicators, pure PA. I don't trade via Renko charts anymore, even if it was really great time trading with them for over 2 years. It's not perfect, not the best, but I feel like I found holy grail after 4 years of journey, so I think the least I can do for you guys is share it with you and wish you all the best in your own performance.
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