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  • #10,061
  • Nov 27, 2018 11:43pm Nov 27, 2018 11:43pm
Quoting RisingSun
{quote} Thank you very much matmomo for the detailed reply. I did now of the Market Profile and the POC but have never been able to find the way to apply in actual trading. I detected you and LiboCop mention POC in charts posted, hence my inquiry. I need more time to understand how best to set it up. Meanwhile, am I right to understand you use POC as a kind of support/resistance in a nutshell? Green pips to you, Akira
Hi mate,
sorry for delay.
Is not so simple to understand the Market Profile, so don't worry if you need times to.
As you said a POC level is a S&R level, and you can start using it so.

Green pips
Cheers
  • #10,062
  • Nov 28, 2018 2:15am Nov 28, 2018 2:15am
Quoting RisingSun
{quote} Very good trade slash! Would be nice if you would give a full screenshot, so that we can see the time, renko size and other information and learn more about your trade and set up. Cheers, Akira
Hi Akira,
of course I will do that, but remember I am newbie. My brick size is 10 pips, I usually take trade when I see break trend line but I need more confirmation. Like I said before I'm still reading this thread and this is a realy big goldmine.
Good day for You All!
  • #10,063
  • Nov 28, 2018 3:37am Nov 28, 2018 3:37am
I think it was a good trade but I miss this...any comment, please?
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  • #10,064
  • Nov 28, 2018 4:01am Nov 28, 2018 4:01am
Quoting slash89
I think it was a good trade but I miss this...any comment, please? {image}
Hi Slash,

sorry but i don't understand what trade you miss?
can you show it on the chart?

Thanks
  • #10,065
  • Edited 7:21am Nov 28, 2018 7:05am | Edited 7:21am
Quoting slash89
I think it was a good trade but I miss this...any comment, please? {image}
Hi slash,
Good chart and analysis! Show us all to the left end, too. It seems you use a kind of oscillator but can't see the name and values. You also use heikin ashi.
Today the market is slow. I only took this trade so far, which you say you missed. I set an EA to take 20 pips. The Magenta color line is LWMA24(and 14).
You are doing great. Keep up the good work.
Akira
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  • #10,066
  • Nov 28, 2018 7:12am Nov 28, 2018 7:12am
Quoting matmomo
{quote} Hi mate, sorry for delay. Is not so simple to understand the Market Profile, so don't worry if you need times to. As you said a POC level is a S&R level, and you can start using it so. Green pips Cheers
Thanks mate. I have POC on chart now. I also follow Dutchy's style to show renko, in the line chart form. I can see the PA better visually.
Cheers,
Akira
  • #10,067
  • Nov 28, 2018 7:26am Nov 28, 2018 7:26am
Quoting RisingSun
{quote} Thanks mate. I have POC on chart now. I also follow Dutchy's style to show renko, in the line chart form. I can see the PA better visually. Cheers, Akira
I'm happy for that,

nice work!

  • #10,068
  • Nov 28, 2018 7:56am Nov 28, 2018 7:56am
What is your opinion. Is renko box size depending on spread size?
  • #10,069
  • Nov 28, 2018 8:00am Nov 28, 2018 8:00am
Quoting kofix11
What is your opinion. Is renko box size depending on spread size?
Hi Kofix11,

in part it depends on the spread size.
I mean, that if you have 1,5 of spread you can't use Renko 3 pips Brick.
Only for that.
Some one use renko brick size correlated with ATR.
  • #10,070
  • Nov 28, 2018 8:06am Nov 28, 2018 8:06am
Quoting matmomo
{quote} Hi Kofix11, in part it depends on the spread size. I mean, that if you have 1,5 of spread you can't use Renko 3 pips Brick. Only for that. Some one use renko brick size correlated with ATR.
Thanks. For expl. I have on DE30 250 spread. I see many false signal on 250 box size renko. So I took 600 and now I get less signals but also less false breakouts. But it seems boring to wait for next signal...
  • #10,071
  • Nov 28, 2018 9:08am Nov 28, 2018 9:08am
Quoting matmomo
{quote} Hi Slash, sorry but i don't understand what trade you miss? can you show it on the chart? Thanks
Hey Matmomo,
follow the arrow he he. If this trade was bad tell me what was wrong and give me some advice. This is very important for me.
Attached Image (click to enlarge)
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  • #10,072
  • Nov 28, 2018 9:13am Nov 28, 2018 9:13am
Quoting RisingSun
{quote} Hi slash, Good chart and analysis! Show us all to the left end, too. It seems you use a kind of oscillator but can't see the name and values. You also use heikin ashi. Today the market is slow. I only took this trade so far, which you say you missed. I set an EA to take 20 pips. The Magenta color line is LWMA24(and 14). You are doing great. Keep up the good work. Akira {image}
Hi Akira,
thanks for Your words and comment, I will show all chart. It is awesome oscillator.
  • #10,073
  • Nov 28, 2018 9:31am Nov 28, 2018 9:31am
Quoting Jaquemate
Hi everyone: Trading is a stupid game and people are playing this game like complicated things. One chart. {image}
I'm going to go into a bit of ranting but it is only meant to help newbies entering the markets.

With all due respect, I strongly disagree. If trading were a simple and stupid game as you say then there wouldn't be hedge fund managers like this one getting wiped-out losing all of his clients' money.

Inserted Video

I'm sure firms like this spent a lot of money hiring mathematicians, statisticians, financial engineers, etc. in order to figure out this market and yet they failed. Are you saying that they've never thought of looking at candle colors on offline charts?

There is a lot of disinformation on public forums but this one is way too misleading for newbies learning trading and they're likely to believe it and end up giving gurus their money. I don't know if this post will make any difference to newbies but trading is a very risky and a very difficult way to make money. However once you figure it out good enough to a point that it works good enough for you, it'll be the most rewarding way of earning.

My suggestion is to stop believing trading is simple, stop making gurus rich by purchasing useless products. Once you convince yourself of that then that's when you'll start doing some thinking on your own and possibly have some money left by the time you figure it out.
  • #10,074
  • Nov 28, 2018 1:25pm Nov 28, 2018 1:25pm
Quoting slash89
{quote} Hi Akira, thanks for Your words and comment, I will show all chart. It is awesome oscillator.
  • #10,075
  • Nov 29, 2018 1:17am Nov 29, 2018 1:17am
Quoting slash89
{quote} Hey Matmomo, follow the arrow he he. If this trade was bad tell me what was wrong and give me some advice. This is very important for me. {image}
Hi Slash,
sorry for delay...

ahha i imagine your laughs when you see my ask about "show me the trade on the chart".
I misunderstood "missing" with "losing" and i was looking for the arrow of a losing trade.

So now, the trade was a good entry only if we had a Pivot or an EMAs or a S&R where the price bounce off and change his route.
If not it was a risky entry.
We usually look for a pattern (123, double top etc) or a bounce off an s&r + Indicators confirmation.

Hope i'm clear, if not let me know
Cheers
Luca
  • #10,076
  • Edited Nov 30, 2018 12:05am Nov 29, 2018 1:38am | Edited Nov 30, 2018 12:05am
Quoting spotrate
{quote} I'm going to go into a bit of ranting but it is only meant to help newbies entering the markets. With all due respect, I strongly disagree. If trading were a simple and stupid game as you say then there wouldn't be hedge fund managers like this one getting wiped-out losing all of his clients' money. https://www.youtube.com/watch?time_c...&v=VNYNMM0hXXY I'm sure firms like this spent a lot of money hiring...
Hi Sporate,
you have righ, trading is all but it isn't a simple thing.

But the words of Jaquemate don't meaning that.
He showed a "simple" way of trading, but it requires study and commitment too.

In this thread is full of post where we say to study, we propose texts and we get angry with those who appear here asking for a method to buy a villa with pool in 6 months.

From years here, much better traders than me, have spent time explaining and making people study.
It was as if in a medical forum, someone said that operating a knee is much easier than operating a heart or brain.
But no one would think that how easy it is to get to work a knee without years and years of study.

One last thing about Optionsellers.com.
It's a case that I followed a lot. They applied an EXTREMELY RISKY method of trading.
Selling options on petroleum without hedge is very risky.
There are investigations because of the risk that was taken.

That said, I welcome you to this discussion, and if you have the time and desire you can see that here no one incites newbies to throw their money in trading, but we are rather old uncles who break the balls on the study.

Have a nice day,
Cheers
  • #10,077
  • Nov 29, 2018 9:44am Nov 29, 2018 9:44am
Hey guys,
fast trade at work, I expect 15 pips but I had to go...so closed only 5 pips
What do You think? It was a good analysis?
  • #10,078
  • Nov 29, 2018 9:45am Nov 29, 2018 9:45am
And the chart he he
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  • #10,079
  • Nov 29, 2018 9:47am Nov 29, 2018 9:47am
Thank You Matmomo for Your comment and advices
  • #10,080
  • Nov 29, 2018 11:47am Nov 29, 2018 11:47am
Quoting slash89
.... It was a good analysis?
Hi, in my eyes very good
Don't think!
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