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More simple is impossible

  • #9,801
  • Mar 6, 2018 12:01pm Mar 6, 2018 12:01pm
DAX +18

Late post, I did only this one in the morning and I had to go to work. In the afternoon I was just watching market, absolutely mess, no balls for jumping into it again.
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  • #9,802
  • Mar 7, 2018 8:07am Mar 7, 2018 8:07am
DAX +1+1+8+2+3+9

Careful trading today, so I missed lot of pips.. but I didn't miss my daily target and I can call it a day. Those "no interesting" +1 trades I marked because this is how I work with my SL and BE so you can see it in the picture. See you tomorrow.
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  • #9,803
  • Mar 7, 2018 8:17am Mar 7, 2018 8:17am
Quoting Matomi
DAX +1+1+8+2+3+9 Careful trading today, so I missed lot of pips.. but I didn't miss my daily target and I can call it a day. Those "no interesting" +1 trades I marked because this is how I work with my SL and BE so you can see it in the picture. See you tomorrow. {image}
Many thanks for sharing Matomi,
I blew another account once again. Damn.

I wonder if you can share your trades and how they look in 1m / 5m? This will help lots to see market structure and have better grasp.

My problem has been not entering timely, what causes bigger DD and SL hits. You have very sharp entries and need to learn more about them.

Best
  • #9,804
  • Mar 7, 2018 10:20am Mar 7, 2018 10:20am
Quoting cfabian
{quote} Many thanks for sharing Matomi, I blew another account once again. Damn. I wonder if you can share your trades and how they look in 1m / 5m? This will help lots to see market structure and have better grasp. My problem has been not entering timely, what causes bigger DD and SL hits. You have very sharp entries and need to learn more about them. Best

For example my chart... it is renko 2.5, so I switch quickly to 5, 10 at a click.
My SL are the yellow lines, at extremes, but many many times get harmed badly. Donīt get how you handle to have such small loses if your trade go wrong? Shoult it go your way right away with no retrace or else you kill it? Price hoovers back and forth pretty fast
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  • #9,805
  • Mar 7, 2018 2:15pm Mar 7, 2018 2:15pm
Quoting cfabian
{quote} For example my chart... it is renko 2.5, so I switch quickly to 5, 10 at a click. My SL are the yellow lines, at extremes, but many many times get harmed badly. Donīt get how you handle to have such small loses if your trade go wrong? Shoult it go your way right away with no retrace or else you kill it? Price hoovers back and forth pretty fast {image}
Quoting cfabian
{quote} Many thanks for sharing Matomi, I blew another account once again. Damn. I wonder if you can share your trades and how they look in 1m / 5m? This will help lots to see market structure and have better grasp. My problem has been not entering timely, what causes bigger DD and SL hits. You have very sharp entries and need to learn more about them. Best
You're welcome. From your picture I can see your problem are not the entries, but exits. I can write you 5 thousand pages about it, I did the same mistake countless times, and I do everytime I hesitate to jump out. The solution is clear, I have only 1 golden rule to the exits - You can enter wherever you want, but you have to know where to close your trade. Actually, this is what makes trading to all of us very simple. Remember, not the late entry is what brings you loss, but drawdown and late exit. This is what you can't find in the books (at least I have never read about it), it taught me my friend who is one of the best traders I know, his mindset is bulletproof. People tend to find the best signal, best setup, best time to entry and I don't know what else best.. you can as well of course, I can too, everyone can keep finding and spend their precious time with doing milion activities for couple of pips on the end of their day. Or they can just watch where is going to exit actual swing, what means exactly there has to start a new swing. Exit is always entry to the opposite way, no more no less. What is going to tell you where these exits are ? Price action

What means, in the ideal situation as a great price action trader you should be able to exit and enter to the opposite way at the same time and shave market off every single pip it offers you. But ideal/sure/100% and so on doesn't exist in the trading, that's why you'll never find the trader who is able to trade like this. But that is off-topic, the only thing you should do is what I wrote above - Just never let the market decide for you, you are trader and you make decisions. If you're full responsible for your trading, you can close your position whenever you want and I bet in the real-time you know always "when is the time", but your mindset doesn't allow you to close. At least, this is what I found doing wrong myself and why I blew up several accounts before .

Wish you best of luck with new account, it is really as simple as not giving a chance to market to grab your money.
  • #9,806
  • Mar 7, 2018 5:32pm Mar 7, 2018 5:32pm
I’m wondering what your maximum cut off points is for the day?
What is the maximum point loss for the day when you decide to just walk away from trading?
  • #9,807
  • Mar 8, 2018 7:30am Mar 8, 2018 7:30am
Quoting Matomi
{quote} Good advice for you is read something about discretionary style trading, like Dee mentioned. Try book "Trading in the Zone" by Mark Douglas and "Trading Rules That Work" by Jason Alan Jankovsky, both enough to get you on a level you will be able to make money by trading, if you will take those golden books serious, of course {quote} Hello, you did a great job with that spreadsheet. I think, if you were trading exactly according to that schedule, it's no way you are not going to have exact results or at least very...

Thanks for the insight Matomi,

However, I am a risk averse trader hence i will be trading with my plan, I guess that is my mindset towards Forex. Hope you will do well with your approach. best wishes btw.
  • #9,808
  • Mar 8, 2018 7:34am Mar 8, 2018 7:34am
can anyone make expert adviser based on this renko (indicator or ea ), which can trade all generated signals discussed on this entire thread
  • #9,809
  • Mar 8, 2018 3:29pm Mar 8, 2018 3:29pm
Quoting PappaJack
I’m wondering what your maximum cut off points is for the day? What is the maximum point loss for the day when you decide to just walk away from trading?
It is an important question, and reading the thread it seems Dee and Matomi never have losing trades. Eventually there will be a time when you enter and you won't have a chance to move stop to BE. Not sure how Dee dose it these days but I recall he used to have an initial stop at 12 points, and then move it to +2 after the first pull back. But never once did he have that initial 12 point stop hit, which is truly remarkable.
  • #9,810
  • Mar 9, 2018 2:59am Mar 9, 2018 2:59am
I wanted to try one of these DAX cfd trades.
The 5ma & price was oscillating around the 50sma - ranging. Waited, observers a bit of hidden divergence, and the 5ma failed to cross the 50sma this time. Entered when renko closed below 5ma, put tp at next BRN which happend to be near the daily pivit.. Beginners luck +30
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  • #9,811
  • Mar 9, 2018 5:40am Mar 9, 2018 5:40am
DAX +15+90

First one was scalp, I was watching it whole time from morning and it was unable to break below 12280 and also I saw this PA and formation on H1 and H4 couple times before, so second entry on NFP release was worth of 10 pips SL risk. Have a nice weekend.
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  • #9,812
  • Mar 9, 2018 6:01am Mar 9, 2018 6:01am
Hey guys. This is from me today. I want to ask you guys if somebody knows a way to quickly make a pending order with a certain SL i mean not after i make the pending order but with the making of it the SL to be there. I searched a little but i couldn't find anything so i decided to ask you guys. Also i was wondering if i can make a partial TP like the regular one. I hope there is something like this because it will make things a lot easier with this kind of fast moving market. Thanks in advance and hope you have a great day/night.

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  • #9,813
  • Mar 9, 2018 7:19am Mar 9, 2018 7:19am
My only trade for today. Hidden Dev + BOR

Got home 10PM and has gotten mosquitoes bites all over from waiting for son's basketball practice.
So lucky to see this after I opened up the laptop

BTW, linux mint + mt4 + ovo renko + this thread = AWESOME

Have a nice weekend you all!
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  • #9,814
  • Mar 10, 2018 3:25am Mar 10, 2018 3:25am
Quoting shiroyaksha
Hey guys. This is from me today. I want to ask you guys if somebody knows a way to quickly make a pending order with a certain SL i mean not after i make the pending order but with the making of it the SL to be there. I searched a little but i couldn't find anything so i decided to ask you guys. Also i was wondering if i can make a partial TP like the regular one. I hope there is something like this because it will make things a lot easier with this kind of fast moving market. Thanks in advance and hope you have a great day/night. {image}
This TM does every thing you want.

https://www.forexfactory.com/showthr...3#post10829333

Instructions how to use it.

https://www.forexfactory.com/showthr...99#post8796099
Cut your Losers short and let your Winners run.
  • #9,815
  • Mar 10, 2018 3:37am Mar 10, 2018 3:37am
Quoting PappaJack
My only trade for today. Hidden Dev + BOR Got home 10PM and has gotten mosquitoes bites all over from waiting for son's basketball practice. So lucky to see this after I opened up the laptop BTW, linux mint + mt4 + ovo renko + this thread = AWESOME Have a nice weekend you all! {image}
"BTW, linux mint + mt4 + ovo renko + this thread = AWESOME" Couldn't agree more. I will never use Microsoft Windows ever again.
I have MT4 set up in Virtual Box as well just in case there should ever be a problem in WINE.
I have an Energy Monitor on the Electricity supply and the software will only run in Windows, it wouldn't run with WINE so I use Virtual Box really easy to set up and I don't need a dual boot Windows/Linux system.
Cut your Losers short and let your Winners run.
  • #9,816
  • Mar 10, 2018 4:48pm Mar 10, 2018 4:48pm
I will keep that virtual box idea in mind. There's no problem with wine so far.
But one thing for sure...I'm so glad to NOT using windows anymore
  • #9,817
  • Mar 11, 2018 12:42am Mar 11, 2018 12:42am
Quoting dee50
{quote} This TM does every thing you want. https://www.forexfactory.com/showthr...3#post10829333 Instructions how to use it. https://www.forexfactory.com/showthr...99#post8796099
Thank you Dee. I actually did download it when you posted it couple of days ago but i couldn't understand what it really does so the pdf and the instructions really help. I will try it when the market opens. Thank you again very much.
  • #9,818
  • Mar 13, 2018 9:16am Mar 13, 2018 9:16am
Hi folks
I m sorry, if the question has been asked before, and don't get me wrong: I am reading through the whole thread, even though it takes a while. My question is: did anybody compile most important stuff about the thread? I mean pdf file, or anything in that kind? Appreciate the answer
  • #9,819
  • Mar 13, 2018 11:35am Mar 13, 2018 11:35am
Try looking in the paperclip - you may be lucky.
  • #9,820
  • Mar 13, 2018 1:47pm Mar 13, 2018 1:47pm
Quoting cubicpip
Hi folks I m sorry, if the question has been asked before, and don't get me wrong: I am reading through the whole thread, even though it takes a while. My question is: did anybody compile most important stuff about the thread? I mean pdf file, or anything in that kind? Appreciate the answer
Hi,

Have not see any pdf with this startegy. However reviewing examples and descriptions provided here in this thread are key to know this strategy.
I can say that this is very good strategy and can bring some $$$$

regards
mojepole
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