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  • #9,341
  • Oct 18, 2017 4:43pm Oct 18, 2017 4:43pm
I was to ask the same. That was a heck of an aggressive short trade. I see no entry reason yet.


Quoting JoshuaHope
{quote} 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.
  • #9,342
  • Oct 19, 2017 11:43am Oct 19, 2017 11:43am
best setup.

DB + div + BRN + SR , my target was at the higher SR but after the pullback i moved it a little.


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  • #9,343
  • Oct 19, 2017 8:52pm Oct 19, 2017 8:52pm
Quoting billv
{quote} 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.
Thanks a million billy.
Perfect!!!!!!
  • #9,344
  • Oct 20, 2017 3:46am Oct 20, 2017 3:46am
DAX30 +2 +ongoing
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Cut your Losers short and let your Winners run.
  • #9,345
  • Oct 20, 2017 3:48am Oct 20, 2017 3:48am
Quoting dornachum203
best setup. DB + div + BRN + SR , my target was at the higher SR but after the pullback i moved it a little. {image}
Nice one.
Cut your Losers short and let your Winners run.
  • #9,346
  • Oct 20, 2017 3:54am Oct 20, 2017 3:54am
Quoting JoshuaHope
{quote} 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.
It is difficult to set S&R levels when in unknown territory, so I use levels from DANSKE Bank, they use a form of Fib Extensions, I did a post on it once and gave a link to a site but I can not find my post or the link ATM.
here is a PDF from Danske with their levels for that day.
Attached File(s)
File Type: pdf DanskeTechnicalUpdate.pdf   660 KB | 487 downloads
Cut your Losers short and let your Winners run.
  • #9,347
  • Oct 20, 2017 4:12am Oct 20, 2017 4:12am
Quoting dee50
{quote} It is difficult to set S&R levels when in unknown territory, so I use levels from DANSKE Bank, they use a form of Fib Extensions, I did a post on it once and gave a link to a site but I can not find my post or the link ATM. here is a PDF from Danske with their levels for that day. {image}
Thanks Dee.
  • #9,348
  • Oct 20, 2017 10:27am Oct 20, 2017 10:27am
Quoting JoshuaHope
{quote} Thanks Dee.
I still can't find that post and link so here are a couple of PDFs that give a pretty good explanation of Fib Extensions.
Attached File(s)
File Type: pdf Fibonacci Trading - How to Master the Time and Price Advantage by Carolyn Boroden_045.pdf   917 KB | 1,769 downloads
File Type: pdf The Ultimate Fibonacci Guide.pdf   1.1 MB | 959 downloads
Cut your Losers short and let your Winners run.
  • #9,349
  • Oct 20, 2017 10:58am Oct 20, 2017 10:58am
Quoting dee50
{quote} I still can't find that post and link so here are a couple of PDFs that give a pretty good explanation of Fib Extensions. {image} {image}
Much appreciated.
  • #9,350
  • Oct 20, 2017 9:42pm Oct 20, 2017 9:42pm
Yesterday early London session......Dax...+6 +19.....not much to add....Major levels, MS and PA on the M1 chart.....that's it these days
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  • #9,351
  • Oct 21, 2017 8:06am Oct 21, 2017 8:06am
hello guys! does that strategy still works ? thanks
  • #9,352
  • Oct 21, 2017 12:38pm Oct 21, 2017 12:38pm
Quoting dnabrasil
seems interesting, did you use renko chart on 5 minute chart? wich is the brikcs size?
what seems interesting ? he didn't even speak about rules, sl, entries, nothing, what would be interesting, using HA maybe ?
Really can't unsderstand that...
  • #9,353
  • Oct 21, 2017 2:14pm Oct 21, 2017 2:14pm
weerus - This is an active thread and this is page 468 with over 9000 posts - what do you think !!!!!!!!!!
  • #9,354
  • Oct 25, 2017 5:47am Oct 25, 2017 5:47am
Quoting dee50
{quote} I still can't find that post and link so here are a couple of PDFs that give a pretty good explanation of Fib Extensions. {image} {image}
Hi, i have had some time on my hands, so i decided to look at DAX today. I noticed an area of the past two days that seemed a bit puzzling to me. So many conflicting signals, i have been deciding what i would have taken and what not. I would have probably taken the Div today at brn/yestedays DOL. Other than that, i would have sat on my hands. How would you have handled this market situation? Thank you. Josh
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  • #9,355
  • Nov 2, 2017 4:03am Nov 2, 2017 4:03am
Don't forget, there are other ways of looking at the Market that can give you a different perspective, also MP is used by a lot more traders now than ever before, and the more traders looking at something the more likely that some thing will happen at that point, Herd Instinct, Sheep spring to mind.
Singles below and a large Gap, but, it was a very strong move up that created those, it just remains to be seen how attractive the market finds the Singles! Looking up we are once again viewing an episode of Star Trek, I only once heard Spock refer to Fibonacci Extensions as a means to plotting a course to a Galaxy but as I remember the Enterprise did reach it's destination.
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Cut your Losers short and let your Winners run.
  • #9,356
  • Nov 2, 2017 4:27am Nov 2, 2017 4:27am
Now that is a chart of beauty Dee!!
  • #9,357
  • Nov 2, 2017 4:35am Nov 2, 2017 4:35am
Quoting dee50
Don't forget, there are other ways of looking at the Market that can give you a different perspective, also MP is used by a lot more traders now than ever before, and the more traders looking at something the more likely that some thing will happen at that point, Herd Instinct, Sheep spring to mind. Singles below and a large Gap, but, it was a very strong move up that created those, it just remains to be seen how attractive the market finds the Singles! Looking up we are once again viewing an episode of Star Trek, I only once heard Spock refer to...
Hey,

You might want to check this thread out;

https://www.forexfactory.com/showthread.php?t=617762

D
  • #9,358
  • Nov 2, 2017 6:08am Nov 2, 2017 6:08am
Quoting JoshuaHope
{quote} Hi, i have had some time on my hands, so i decided to look at DAX today. I noticed an area of the past two days that seemed a bit puzzling to me. So many conflicting signals, i have been deciding what i would have taken and what not. I would have probably taken the Div today at brn/yestedays DOL. Other than that, i would have sat on my hands. How would you have handled this market situation? Thank you. Josh {image}
Sorry Joshua, I did not mean to ignore you. Quite frankly I have not been trading the DAX I have been concentrating on my stock portfolio.
However, I agree with your assessment entirely. When the 2 ma's run flat and close together you are looking at consolidation or a small Range, the only way to trade a Range is to identify Top and Bottom (S&R) and try to identify an entry at either of those, your Divergences at the BRN being a logical one.
The day looked like we might have a Range Day but then deteriorated into a Consolidation triangle. Consolidation is a little more difficult to trade and I tend to wait until it has compressed enough to indicate that it is going to Breakout and then look for an entry opportunity, but this requires patience.
Cut your Losers short and let your Winners run.
  • #9,359
  • Nov 2, 2017 6:31am Nov 2, 2017 6:31am
Quoting dee50
{quote} Sorry Joshua, I did not mean to ignore you. Quite frankly I have not been trading the DAX I have been concentrating on my stock portfolio. However, I agree with your assessment entirely. When the 2 ma's run flat and close together you are looking at consolidation or a small Range, the only way to trade a Range is to identify Top and Bottom (S&R) and try to identify an entry at either of those, your Divergences at the BRN being a logical one. The day looked like we might have a Range Day but then deteriorated into a Consolidation triangle....
Thank you Dee. Sometimes I look at the chart and revisit it many times during the day only to find very few potential opportunities. I am trying to work more towards successfully trading in such areas of consolidation and/or range. Quite a bit of mental switch, and patience and experience is very much an essential element. I have much work to do, but I would like to able to trade successfully almost whatever the market throws at me. I need to put in many more hours.
I hope your portfolio is growing bigger and fatter by the day. :-)
Best, Josh
  • #9,360
  • Nov 2, 2017 6:31am Nov 2, 2017 6:31am
Here is a quick example of what I was talking about, Triangle consolidation. The Day Open has been acting as Support and has rejected price multiple times, oh this is a 3 pip Renko chart, look right at the M30 chart and you can see how tight the PA has been, I have taken an entry on the break of the DO, Stochs and MACD show room for movement down, but not much so I have moved to BE @ +5 as I am typing I have been stopped out so this could be the big boys trying to trap some shorts or this could be a Breakout Pullback Continuation, we will see.
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Cut your Losers short and let your Winners run.
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