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  • #9,361
  • Nov 2, 2017 7:14am Nov 2, 2017 7:14am
Just having another go, same place but this time looks as if my TP at+30 should get taken

PS. Yep TP hit for +30
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Cut your Losers short and let your Winners run.
  • #9,362
  • Nov 2, 2017 7:17am Nov 2, 2017 7:17am
Quoting dee50
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. {image}...
Seems intersting set up.I played this kind of setups before with several indices and experimented with renko-range bars and it seemed to be atleast moderately profitable strategy.
No one ever Discovered anything new by colouring inside the lines.
  • #9,363
  • Nov 3, 2017 2:32am Nov 3, 2017 2:32am
Caught on the Wrong Side of the HTF Trap

Had to Laugh, opened my e-mail this morning and there was a lesson from Lance Beggs that just followed on from my last couple of posts. https://www.forexfactory.com/showthr...6#post10452176 Spooky, makes you wonder if he is looking at FF too! Here is the lesson in PDF form. Enjoy
Attached File(s)
File Type: pdf Caught on the Wrong Side of the HTF Trap.pdf   194 KB | 689 downloads
Cut your Losers short and let your Winners run.
  • #9,364
  • Nov 3, 2017 7:00am Nov 3, 2017 7:00am
Quoting dee50
Caught on the Wrong Side of the HTF Trap Had to Laugh, opened my e-mail this morning and there was a lesson from Lance Beggs that just followed on from my last couple of posts. https://www.forexfactory.com/showthr...6#post10452176 Spooky, makes you wonder if he is looking at FF too! Here is the lesson in PDF form. Enjoy {image}
Thenks dee50 for your support with educationals and pdf.
  • #9,365
  • Nov 3, 2017 7:38am Nov 3, 2017 7:38am
Quoting dee50
Caught on the Wrong Side of the HTF Trap Had to Laugh, opened my e-mail this morning and there was a lesson from Lance Beggs that just followed on from my last couple of posts. https://www.forexfactory.com/showthr...6#post10452176 Spooky, makes you wonder if he is looking at FF too! Here is the lesson in PDF form. Enjoy {image}
Thank you Dee. It is a funny coincidence indeed. I am subscribed to Lance's mails. Very good stuff, but take time to digest and implement. The best way for me to learn is to see it on a chart and then apply what i have learned. Once i do something, it usually sticks in my mind. :-)
Have a great weekend Dee.
Best, Josh
  • #9,366
  • Nov 3, 2017 8:03pm Nov 3, 2017 8:03pm
Quoting dee50
Just having another go, same place but this time looks as if my TP at+30 should get taken PS. Yep TP hit for +30 {image}
Hi Dee

Well done
Is the red horizontal bar on your chart a strength indicator?
Where did you find it please?
Have a nice day
  • #9,367
  • Nov 4, 2017 7:20am Nov 4, 2017 7:20am
Quoting billv
{quote} Hi Dee Well done Is the red horizontal bar on your chart a strength indicator? Where did you find it please?
I am assuming that you are asking about the Dashboard in the bottom right corner, I am using it as a Stochastic dashboard, these are the settings for it.
The indicator originally came from here. https://www.forexfactory.com/showthread.php?t=519747
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: ex4 MTF DashBoard v3.ex4   76 KB | 429 downloads
Cut your Losers short and let your Winners run.
  • #9,368
  • Nov 4, 2017 1:52pm Nov 4, 2017 1:52pm
Quoting dee50
{quote} I am assuming that you are asking about the Dashboard in the bottom right corner, I am using it as a Stochastic dashboard
Hi Dee
Yes, it is an interesting dashboard,
How do you use it please?
Many thanks
Have a nice day
  • #9,369
  • Nov 6, 2017 7:28am Nov 6, 2017 7:28am
Hello Dee,
Your stock portfolio is traded the same way you trade the DAX? Or you are long term trading in your stock portfolio?

I see many professional traders aim for 10 ticks or such when trading stocks.

What spread you have in DAX?

Regards



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....
  • #9,370
  • Nov 7, 2017 3:19am Nov 7, 2017 3:19am
Ger30 +2+2+40. Decided to take a few trades. I got a bit jumpy with going to BE and got snapped out as a result. But I can always re-enter as long as i am confident in my analysis. After the 2B, i was looking for a short trade. I only used one lot, in the land of could have/would have/ should have, i could have layered in another contract in this move...but i didn't as my account is too small for this sort of thing. TP was 200 ema + Trendline. This pattern is rather common and repetitive. Logic on charts.

I have been thinking about trading more actively again, but also possibly moving to another instrument. DAX has slowed down quite a bit since last year. What i don't like are the gaps...i don't mind trading them, but for example, a great setup forms for a trade up or down, and in the morning hugely gaps and we are not able to trade it...so we only get crumbs from these moves many times and we can only profit from the continuations. The alternative is keeping the trade over night, but i would be uncomfortable doing this...some crap could happen in Germany, ie. massive terrorist attack which is very possible these days, and DAX gaps hugely in the opposite direction despite the technical setup...hello margin call and possible debt to the broker. Any thoughts?

Edit, the +40 is 40$, and 35pips. My mistake.
Best, Josh
Attached Image(s) (click to enlarge)
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  • #9,371
  • Nov 7, 2017 5:30am Nov 7, 2017 5:30am
Quoting billv
{quote} Hi Dee Yes, it is an interesting dashboard, How do you use it please? Many thanks
The same way as I use Stochastics except this is multi timeframe. "That's as clear as mud" I hear you say!
Let's start with the basic questions.
What is a Dashboard.?
What is a Stochastic dashboard? What does it do?How does it work?

I am not answering this!! You or someone else has to answer this.
Cut your Losers short and let your Winners run.
  • #9,372
  • Nov 7, 2017 5:45am Nov 7, 2017 5:45am
Quoting cfabian
Hello Dee, Your stock portfolio is traded the same way you trade the DAX? Or you are long term trading in your stock portfolio? I see many professional traders aim for 10 ticks or such when trading stocks. What spread you have in DAX? Regards {quote}
I am swing trading my portfollio, I generally check on it once a day, some times twice. I did not set out to long term trade but a couple of my trades have been running a few months and are well into profit, in hindsight I could have held some of my others longer, if I could amass more hindsight before exiting a trade I would be really rich now instead of just well off.
Professional traders aiming for 10 ticks? sounds to me like they are scalping stocks which is another way of trading stocks.
Spread in the Dax is all over the place, however if you look at PA more closely you will see that price is gapping more frequently, I am not referring to the Open Gap if you drill down in price you will see that volatility in the lower time frame is creating 0.5, 1, 2, 3 or 4 pip gaps add the brokers spread of 1.2 pips to those and it looks as if the broker is steaming in, I noticed this a while back and initially thought the broker was taking the piss until I opened a faster chart and saw lots of little price gaps which you do not see on standard time frame charts because those gaps are filled literally seconds later, they do however affect your entries and exits.
Cut your Losers short and let your Winners run.
  • #9,373
  • Nov 7, 2017 5:53am Nov 7, 2017 5:53am
Quoting JoshuaHope
Ger30 +2+2+40. Decided to take a few trades. I got a bit jumpy with going to BE and got snapped out as a result. But I can always re-enter as long as i am confident in my analysis. After the 2B, i was looking for a short trade. I only used one lot, in the land of could have/would have/ should have, i could have layered in another contract in this move...but i didn't as my account is too small for this sort of thing. TP was 200 ema + Trendline. This pattern is rather common and repetitive. Logic on charts. I have been thinking about trading more...
You can try another instrument but I had a look around with the same thoughts, GBPUSD or GBPJPY have decent ADRs but the volatitlity in GU is just as bad as DAX and the spread on GJ is ridiculous, for me it is better the devil you know and all markets are the same or even worse. Just my thoughts.
Cut your Losers short and let your Winners run.
  • #9,374
  • Nov 7, 2017 5:56am Nov 7, 2017 5:56am
DAX +3+3+10+10-1+7+12. The chart says it all.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #9,375
  • Nov 7, 2017 6:03am Nov 7, 2017 6:03am
Quoting dee50
{quote} You can try another instrument but I had a look around with the same thoughts, GBPUSD or GBPJPY have decent ADRs but the volatitlity in GU is just as bad as DAX and the spread on GJ is ridiculous, for me it is better the devil you know and all markets are the same or even worse. Just my thoughts.
Agree, none is perfect. I did some instrument "shopping" earlier. I just wish DAX moved like she used to. Thats me being a crybaby.
  • #9,376
  • Nov 7, 2017 6:50am Nov 7, 2017 6:50am
Quoting dee50
{quote} The same way as I use Stochastics except this is multi timeframe..
Thanks Dee,
Ok no worries, I asked in case there was something more to it. That's all
All the best
Have a nice day
  • #9,377
  • Nov 7, 2017 9:01am Nov 7, 2017 9:01am
Quoting billv
{quote} Thanks Dee, Ok no worries, I asked in case there was something more to it. That's all All the best
No problem Billy. As long as you are sure about what a dashboard is and what this one is showing you, eg the numbers and their significance, then really all you have to do is observe it and you will get how it ties in to your decision making process both for entries and exits.
Cut your Losers short and let your Winners run.
  • #9,378
  • Nov 7, 2017 9:21am Nov 7, 2017 9:21am
DAX30 +89. @joshuahope what were you saying about the DAX? It finally did what I thought it was going to do all day. I took the trade based on the pullback and breakout of the channel coming back down to a 123 and breaking below the BRN, I wasn't sure if I should wait for the pullback to the BRN but instead I held off moving to BE. After the pullback I moved to BE set a ridiculous TP and went out to do some gardening. Came back in opened the chart and started laughing hysterically, who ever is using the game pad that controls how price moves must have had a liquid lunch and fell asleep with their thumb pushing down. You all know that the indexes are purely fictitious and have nothing to do with any one buying and selling the stocks that the indexes are made up of because if you observe the stocks the movement of the index is completely unrelated.

PS. My Tp was'nt totally random. Look at the 1hr chart. HTF 123 with Divergence at the top at the 127% ext as S&R.
Attached Image(s) (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #9,379
  • Nov 7, 2017 9:32am Nov 7, 2017 9:32am
Quoting dee50
DAX30 +89. @joshuahope what were you saying about the DAX? It finally did what I thought it was going to do all day. I took the trade based on the pullback and breakout of the channel coming back down to a 123 and breaking below the BRN, I wasn't sure if I should wait for the pullback to the BRN but instead I held off moving to BE. After the pullback I moved to BE set a ridiculous TP and went out to do some gardening. Came back in opened the chart and started laughing hysterically, who ever is using the game pad that controls how price moves must...
Hahaha! Well played Dee, as always.
I was afk for this , as i had to walk the dog and do a few things. I was hoping this would happen after the 2B earlier...easy to miss if you try to do several things at the same time. Oh well, at least i keep the 40 from earlier.
Best, Josh
  • #9,380
  • Nov 7, 2017 2:55pm Nov 7, 2017 2:55pm
Chart says it all might be still confusing to me...
I was long biased for obvious reasons, and thinking that probably that open gap would close. It did and surpassed big time that level.
I honestly still have lots of confusion on how to counter trend within a trend.

In your first trade the break of that possible pivot made you go short? Then looks like the reasons to add more short positions were about the same (preak of posible pivots).

Now, more interesting is why you didn't look for a long around the close of the gap? Are you looking for pivot break to "confirm" trend change? Break of it and a pullback?

Some days all is very clear and some others have to learn back again.

Cheers


Quoting dee50
DAX +3+3+10+10-1+7+12. The chart says it all. {image}
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