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More simple is impossible

  • #9,561
  • Dec 19, 2017 12:51am Dec 19, 2017 12:51am
Quoting majrou666
Hey guys, here is my first attempt with DAX and renko. I also watch and test EURUSD. I have read only about 20% of this thread but I would like to thank you all for your knowledge. I will be glad for any comments. I noticed hidden diveregence and waited for confirmation of lwma. I closed this position after regular divergence appeard and price was at S/R level. What do you think about sl placement? Would you place it a bit more south? Thanks. {image}
Hi Majrou666,
wellcome and thanks for sharing your trades.

About your enquiry, you made a perfect entry @ 123 breakout and perfect exit. Bravo!
Your SL was correct too.

Best
Luca
  • #9,562
  • Dec 19, 2017 11:29am Dec 19, 2017 11:29am
DAX bugger After I closed the short trade at BE because of not much action look what happened.
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  • #9,563
  • Dec 19, 2017 2:21pm Dec 19, 2017 2:21pm
Dax: BE +1 +20 +47 +15 +11 +10
Renko 3

Hi guys,
as Majrou666 told, all morning and the first part of US session was a terrible non momentum day.
It took 4,5 hrs to made the first 20 pips... a bit up, a bit down... all the time... ahha nice time spent reading and drinking coffe.
Then all back to the normality...
Have a nice evening
Best
Luca
Attached Image (click to enlarge)
Click to Enlarge Name: de-30-x-trade-brokers BE+1 +20 +47 +15 +11 +10.png Size: 106 KB
  • #9,564
  • Dec 19, 2017 3:11pm Dec 19, 2017 3:11pm
DAX +5+10

Enough for me in this kind of momentum. No brainers, lower on the chart is big GAP, so better stay on the short side.
Attached Image (click to enlarge)
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  • #9,565
  • Dec 19, 2017 3:46pm Dec 19, 2017 3:46pm
Everyone,

I am unable to get the Renko working on my MT4 chart as everyone has described, any advice please
  • #9,566
  • Dec 19, 2017 3:57pm Dec 19, 2017 3:57pm
DAX +16+2+1+1
I am happy with the first one but the rest was rubbish. Still a lot to learn.

Antny there is somewere in the thread nice guide with pictures how to get renko working on MT4. Apply renko script to the chart and don´t forget to tick "Allow import DLL" in settings. Then go to File, Open offline and find M2 chart (e.g. EURUSD M2) and open it. If it does not work try other renko generaton
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  • #9,567
  • Dec 19, 2017 6:13pm Dec 19, 2017 6:13pm
Thank you, very much appreciated. I will get it done for this evening.

Cheers
  • #9,568
  • Dec 20, 2017 6:15am Dec 20, 2017 6:15am
Hi, everyone, I see rules has changed by the first post, may someone redirect me to the post where everything changed?
And I see you guys trading DAX, why is it better?
  • #9,569
  • Dec 20, 2017 3:15pm Dec 20, 2017 3:15pm
Hey guys,
my today´s trading looks more like machine gun shooting than trading. I took 28 trades with final result + 87 pips. I wanted to try some kind of scalping. There were lots of mistakes for sure and some trades closed too early but final result was good. Especially from the beginning I had problem to decide which way trend was going. I will not comment each trade but I tried to enter at fibo levels, TL breaks with help of divergence and LWMA confirmation.
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  • #9,570
  • Dec 21, 2017 2:02am Dec 21, 2017 2:02am
Quoting netas369
Hi, everyone, I see rules has changed by the first post, may someone redirect me to the post where everything changed? And I see you guys trading DAX, why is it better?
Hi. There are no strict rules, and arguably this is not a system but rather a trading style. So, none of the buy when 15 ema crosses 50, etc stuff. Try the first 50 pages or so. Dax has a higher ADR, or it tends to move more. If you are interested in trading this way, you should read the thread and all the material on it. Doesn't take too long but its worth it. Josh
  • #9,571
  • Dec 21, 2017 2:11am Dec 21, 2017 2:11am
Quoting majrou666
Hey guys, my today´s trading looks more like machine gun shooting than trading. I took 28 trades with final result + 87 pips. I wanted to try some kind of scalping. There were lots of mistakes for sure and some trades closed too early but final result was good. Especially from the beginning I had problem to decide which way trend was going. I will not comment each trade but I tried to enter at fibo levels, TL breaks with help of divergence and LWMA confirmation. {image}
Well done. The name of the game is take the pips and don't give them back! As for the direction - this is the problem most traders have. When I get to that point, i look at the bigger chart and construct scenarios and then pick the one that has the most backing it up. After that, seek an entry on the smaller chart. Doesn't make me right all the time, bit I can justify the loss if it occurs and hopefully learn something from it.
Thanks for sharing your charts.

Best, Josh
  • #9,572
  • Dec 21, 2017 9:54am Dec 21, 2017 9:54am
DAX +10+6+10+60

Using ultra low timeframes M1 and 1 pip Renko, that's why I am not able to mark more logical reasons to enter on 3 pip renko chart I posts.
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  • #9,573
  • Dec 21, 2017 10:01am Dec 21, 2017 10:01am
Quoting Matomi
DAX +10+6+10+60 Using ultra low timeframes M1 and 1 pip Renko, that's why I am not able to mark more logical reasons to enter on 3 pip renko chart I posts. {image}
Good job Matomi, your entries and exits are really great. I will have to study some more of your charts. I have had just a couple of minutes for todays trading so I took only 3 trades +20+15-10. The last one I was too excited and did not have enough results for opening. I rather closed it earlier than 20 pips.
Attached Image (click to enlarge)
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  • #9,574
  • Dec 21, 2017 11:51am Dec 21, 2017 11:51am
Quoting majrou666
{quote} Good job Matomi, your entries and exits are really great. I will have to study some more of your charts. I have had just a couple of minutes for todays trading so I took only 3 trades +20+15-10. The last one I was too excited and did not have enough results for opening. I rather closed it earlier than 20 pips. {image}
Many times happened to me as well, and sometimes it still does. I have only 1 method how to prevent against too early entry or too late exit if you have not enough confirmation - always look at what plays against you.

Also, sometimes you have really no technical signal to enter, but it might be better entry than one which has all the technical signals in history of trading you need to press a buy/sell. You need just check, who and where is likely to do opposite of yours action. In the other words, if you have no entry signal, start looking for exit signal and that's your entry signal.

Wish you all the best.
  • #9,575
  • Dec 21, 2017 12:16pm Dec 21, 2017 12:16pm
Hi guys,

nice job Matomi and Majrou666!

Dax:
chart 1: +35 +12 +18 +18 +10 +10
chart 2: +60 +2 +11 +13

Nice evening to all.
Beer time now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: de-30-x-trade-brokers +35 +12 +18 +18 +10 +10.png Size: 120 KB
Click to Enlarge Name: de-30-x-trade-brokers-2 +60 +2 +11 +13.png Size: 116 KB
  • #9,576
  • Dec 21, 2017 3:15pm Dec 21, 2017 3:15pm
Quoting matmomo
Hi guys, nice job Matomi and Majrou666! Dax: chart 1: +35 +12 +18 +18 +10 +10 chart 2: +60 +2 +11 +13 Nice evening to all. Beer time now
Hello Matmomo,

can You share/advise those emas You have on the chart, especially those 2 quickets which changing colour. Thanks
  • #9,577
  • Dec 21, 2017 4:46pm Dec 21, 2017 4:46pm
Quoting mojepole
{quote} Hello Matmomo, can You share/advise those emas You have on the chart, especially those 2 quickets which changing colour. Thanks
Hi Mojepole,
I use 5, 35, 50 and 200 emas.
The changing colors are 5 and 35.

Here you'll find indicators:
https://www.forexfactory.com/showthr...6#post10543826

Best
Luca
  • #9,578
  • Dec 24, 2017 5:03am Dec 24, 2017 5:03am
Merry Christmas fellow traders
  • #9,579
  • Dec 24, 2017 8:25am Dec 24, 2017 8:25am
Quoting Matomi
Merry Christmas fellow traders
Have a happy days. I just want to say thank you, for sharing knowledge and experiences.
An strong hug to all
  • #9,580
  • Dec 24, 2017 11:44am Dec 24, 2017 11:44am
Merry Christmas to everyone here :-)
Josh
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