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More simple is impossible

Hello guys, how are you doing these days?

It's been very crappy for me. Thus want to know your stance.

DAX 50 pts a day, really weird and to me for unknown reasons. You you know why?

In attached image, 5 trades from yesterday. This one is with 1.5 renko, but used 3 as well.

1. Attempt to go long at previous support, bounce, SL at extreme of support. SL hit.
2. Attemtp to continue short move, hesitating to go long, and close to previous structure. SL at extreme of structure. SL hit.
3. Double top at previous resistance, price hesitated to go shorter, gor some pips after break of formed structure where my SL was moved to.
4. Was looking for a continuing up move, SL hit at extreme of previous structure.
5. Short attempt at break, got small pips after moving SL to BE+

Comments are appreciated. It's been very difficult days, and like to know where are you standing at?

Cheers
Attached Image (click to enlarge)
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This is how it looked like wiht renko 3.


Quoting cfabian
Hello guys, how are you doing these days? It's been very crappy for me. Thus want to know your stance. DAX 50 pts a day, really weird and to me for unknown reasons. You you know why? In attached image, 5 trades from yesterday. This one is with 1.5 renko, but used 3 as well. 1. Attempt to go long at previous support, bounce, SL at extreme of support. SL hit. 2. Attemtp to continue short move, hesitating to go long, and close to previous structure. SL at extreme of structure. SL hit. 3. Double top at previous resistance, price hesitated to go shorter,...
Attached Image (click to enlarge)
Click to Enlarge Name: ger30-activtrades-plc-3.png Size: 59 KB
Quoting cfabian
This is how it looked like wiht renko 3. {quote} {image}
Hey Cfabian,
Good to see you man.I have taken a look at your trades and put some annotations and comments. You are trading on micro charts that are riddled with noise, but still one has to find the logic to support a trade. More importantly, you must be able to do it in real time and ignore the "fog of war". That being said, it is easy being a general after the battle. You have made many changes to your chart. Imo, you should keep the brns at least.
Best, Josh
Attached Images (click to enlarge)
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Well explained josh, thanks.

dax really hard to trade now, barley move and the ADR keeps draining.. i think after break the 13000 we can expect more moves.

Where is dee???? really want to see how's he doin in those days.
Quoting dornachum203
Well explained josh, thanks. dax really hard to trade now, barley move and the ADR keeps draining.. i think after break the 13000 we can expect more moves. Where is dee???? really want to see how's he doin in those days.
Hey. I am not trading actively due to my current situation. Yes, Dax is very different than i remember it from 1 year ago. We will see what happens moving forward, but it has lost much of its appeal.
Don't know what Dee is up to. I would love seeing his charts.

Best, Josh
Quoting cfabian
I would highly recommend to buy omnia indicator. Its flawless and has many features. Well worth the investment. {quote}
Hi

Thanks for my first reply and quick. Where do I get this indicator and how much is it?
By the way wasn't that an ea that I was trying out. Now I'm confused. Thanks for your help. Hoping to hear from you.
mring16
Quoting mring16
{quote} Hi Thanks for my first reply and quick. Where do I get this indicator and how much is it? By the way wasn't that an ea that I was trying out. Now I'm confused. Thanks for your help. Hoping to hear from you. mring16
try paperclip.
Attached Image

or the most obvious
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Cut your Losers short and let your Winners run.
Hello folks. ATM I am doing very little Forex Trading, my Project which took me away was learning how to trade Stocks and Commodities. My thoughts were this,
No one gets rich trading Forex and even fewer make a living out of Forex. All the so called Market Wizards, bar one, made or make their money trading stocks, trading the Indexes was a sort of halfway house for me now I am fully immersed in stock trading which is way more interesting and less time consuming. I need to boost my Pension Fund to make sure my wife is taken care of when I am gone, trading Forex is stressful and over the last 18 months, not as profitable as I would have liked. So this is my answer, I do not recommend this course action to any one who is not financially secure as the risks for an inexperienced person can be catastrophic.
Cut your Losers short and let your Winners run.
Quoting JoshuaHope
{quote} Hey Cfabian, Good to see you man.I have taken a look at your trades and put some annotations and comments. You are trading on micro charts that are riddled with noise, but still one has to find the logic to support a trade. More importantly, you must be able to do it in real time and ignore the "fog of war". That being said, it is easy being a general after the battle. You have made many changes to your chart. Imo, you should keep the brns at least. Best, Josh {image} {image}
I just added 1 line to each chart just to reinforce your advice "Imo, you should keep the brns"
Attached Images (click to enlarge)
Click to Enlarge Name: ger30-activtrades-plc-2.png Size: 87 KB Click to Enlarge Name: ger30-activtrades-plc-3.png Size: 58 KB
Cut your Losers short and let your Winners run.
Quoting dee50
Hello folks. ATM I am doing very little Forex Trading, my Project which took me away was learning how to trade Stocks and Commodities. My thoughts were this, No one gets rich trading Forex and even fewer make a living out of Forex. All the so called Market Wizards, bar one, made or make their money trading stocks, trading the Indexes was a sort of halfway house for me now I am fully immersed in stock trading which is way more interesting and less time consuming. I need to boost my Pension Fund to make sure my wife is taken care of when I am gone,...
Hi dee, i've read all the thread, saw all the pips you made, how can you not be satisfy? people dream to trade like you.
i'm a little confused.. with your way of trading, you can make 50+ pips almost every day, with high leverage its ALOT of money. in stocks the max leverage i saw is x6 .. so i think if you're profitable , the Forex/Commodities can make much more money.

Anyway best luck with that, hope to see your charts
Quoting dee50
{quote} try paperclip. {image} or the most obvious {image}
Hi dee50

Thanks for your response. I will give that a shot.
heelo dee do u have strategy for stocks are you trading the cfds or the actual stocks??Hope u can teach us how to trade the stocks or show a chart
Quoting bettervolume
heelo dee do u have strategy for stocks are you trading the cfds or the actual stocks??Hope u can teach us how to trade the stocks or show a chart
But how was your Forex trading going BV -profitable ?
not getting rich turnip . for the time spent money is far too small
Quoting mring16
{quote} Hi dee50 Thanks for your response. I will give that a shot.
Hi

Thanks for all your help. I downloaded the EA from page 2 of this thread RenkoLiveChart_v3.4.ex4. It is in my experts folder.
But when I open my MT4 account it does not show up in the experts folder.
Can anyone guide me thro what I may be doing wrong please.
Thanks and looking forward to try this out.
Dax30 29+20+67 +ongoing.
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Cut your Losers short and let your Winners run.
Quoting mring16
{quote} Hi Thanks for all your help. I downloaded the EA from page 2 of this thread RenkoLiveChart_v3.4.ex4. It is in my experts folder. But when I open my MT4 account it does not show up in the experts folder. Can anyone guide me thro what I may be doing wrong please. Thanks and looking forward to try this out.
Use your brain. The thread is 3 years old look in the paperclip/attachments section for a more recent EA. Renkolivecharts pimped is one that is still working or search for Renko Chart Suite.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
Quoting dee50
{quote} Use your brain. The thread is 3 years old look in the paperclip/attachments section for a more recent EA. Renkolivecharts pimped is one that is still working or search for Renko Chart Suite. {image}
Hi dee50 Thanks for the help and advice. I will make sure to use my brain the next time.
Quoting dee50
Dax30 29+20+67 +ongoing. {image}
Hey Dee. Beautifully played, happy to see your chart. Just one thing i cant figure out is where are you getting the S/R level at 13095? This is the first time this price has ever been reached according to my chart...I do see it as a channel top tho.
Quoting mring16
{quote} Hi Thanks for all your help. I downloaded the EA from page 2 of this thread RenkoLiveChart_v3.4.ex4. It is in my experts folder. But when I open my MT4 account it does not show up in the experts folder. Can anyone guide me thro what I may be doing wrong please. Thanks and looking forward to try this out.
You've most likely put it in the wrong experts folder

Use MT4 to navigate to the correct folder

On top of your chart click on
FILE , OPEN DATA FOLDER
then go to the data folder and click on MQL4 and then click on EXPERTS
paste the EA in there

Restart or refresh MT4 and the EA will appear on your list.
Have a nice day
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