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  • #10,321
  • Edited 9:26am Mar 31, 2022 7:30am | Edited 9:26am
[quote=matmomo;13951560]
Quoting hhloverhh
{quote} ottimo lavoro hai anche qualche set/template per EU , GU etc etc.. che potresti consigliare!? grazie in anticipo [/quote Ciao, ti dico la verità, ormai trado solamente Dax, Dow e ogni tanto il Gold. E uso lo stesso template. Per le valute userei lo stesso. Quindi non so se ti sono stato utile, ma comunque benvenuto. Buon trading Ps: cerchiamo di parlare in inglese qui, oppure usiamo i Dm. coś tutti possono partecipare. Buona serata, Luca
Thx for the fast reply!

OK .. I will give a try with dax.. and so on..

the conversation can continue in english.. without problem..
it was only to inform you.. that we are national "compari" hahaha

nice work what you are sharing there .. continue so!

BR Luke
  • #10,322
  • Edited 8:20am Mar 31, 2022 7:46am | Edited 8:20am
Same conditions as before.
New Buy Stop.

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Edit:
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Edit: Moved SL to -11 *2
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Edit: Tp1: Hit +20; moved Sl @BE+1
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Edit: Stop profit hit +1.
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  • #10,323
  • Mar 31, 2022 4:43pm Mar 31, 2022 4:43pm
Quoting matmomo
{quote} Really a great job! Perfect analysis and market entry. Do not worry about fears, slowly with time and experience you will learn to manage them. Still make your money dance, it's normal to have these feelings. You pocketed 20 pips, with a perfect operation, this is important. "Cash in and regret", this is my motto. 20 Pips per day. For every day. Work on this goal. Keep it up that you're doing a great job. Cheers
Thanks a lot bro! your charts and insights have provided me with a model to emulate and it has helped me tremendously, these last couple weeks have been consistent and profitable for me with good wins and small losses. Very exciting
  • #10,324
  • Mar 31, 2022 4:59pm Mar 31, 2022 4:59pm
Quoting matmomo
Same conditions as before. New Buy Stop. {image} Edit:{image} Edit: Moved SL to -11 *2 {image} Edit: Tp1: Hit +20; moved Sl @BE+1 {image} Edit: Stop profit hit +1. {image}
we took the same trade! that's how i know i am doing good. You take trades in areas where i would definitely be nervous to enter, like in the beginning of london session when price was ranging a bit you timed that second entry of the breakout perfectly. also with that nice reversal, i have tried to steer away from reversals lately because i always tend to enter too early and get faked out but i assume it all just comes with experience.
What are your thoughts on backtesting? do you think its helpful for speeding up learning?
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  • #10,325
  • Apr 1, 2022 8:49am Apr 1, 2022 8:49am
Here's something interesting i'm coding in tradingview taking inspiration from this strategy. So i've got a Renko chart, ATR based bricks, 10 period lookback. Instead of applying Heiken Ashi to the Renko bricks, I've created alternative candles based on percentile linear interpolation. What's interesting me with it is that where you get a super flat candle you tend to get either a reversal or a range.
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  • #10,326
  • Apr 1, 2022 2:57pm Apr 1, 2022 2:57pm
So this was the most interesting trade of the week, i felt pretty uncertain going into this trade, because the setup was a bit different then usual, but i realized just like you shouldn't let emotions put you into a trade you shouldn't let emotions keep you out of a good trade either. i noticed the stochs were OS and the macd was sitting on the 50 level midline, to me that plus all the usual confluences was enough to justify this trade.
i took only 1 half loss this whole week and 4 20 pip winners, these last couple weeks have been purely profitable for me, it almost seems too good to be true lol
+20
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  • #10,327
  • Apr 4, 2022 12:29am Apr 4, 2022 12:29am
Quoting Sojourn
{quote} we took the same trade! that's how i know i am doing good. You take trades in areas where i would definitely be nervous to enter, like in the beginning of london session when price was ranging a bit you timed that second entry of the breakout perfectly. also with that nice reversal, i have tried to steer away from reversals lately because i always tend to enter too early and get faked out but i assume it all just comes with experience. What are your thoughts on backtesting? do you think its helpful for speeding up learning? {image}
Hi Sojourn,
regarding backtesting I am very supportive at a conceptual level.
unfortunately the backtest on the renko is quite complex to mount and not very reliable.
at this point, i think, it is better to train with a demo account.
Congratulations for the trade!
  • #10,328
  • Apr 4, 2022 12:31am Apr 4, 2022 12:31am
Quoting Sojourn
So this was the most interesting trade of the week, i felt pretty uncertain going into this trade, because the setup was a bit different then usual, but i realized just like you shouldn't let emotions put you into a trade you shouldn't let emotions keep you out of a good trade either. i noticed the stochs were OS and the macd was sitting on the 50 level midline, to me that plus all the usual confluences was enough to justify this trade. i took only 1 half loss this whole week and 4 20 pip winners, these last couple weeks have been purely profitable...
Perfect! Great shot. Keep it up, don't give up.
Cheers
  • #10,329
  • Apr 4, 2022 2:20pm Apr 4, 2022 2:20pm
Hi guys,
I post this chart of an evening trade on US30 to show that we can use the method on different instruments.
Buy stop after retracement. TP 20 pips.

Stay green, Cheers
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  • #10,330
  • Apr 5, 2022 4:36pm Apr 5, 2022 4:36pm
-20 loss, seemed like a good trade to me but they cannot all be winners. it makes me think about the importance of good Risk to reward for long term success when accuracy may fluctuate.
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  • #10,331
  • Apr 5, 2022 6:04pm Apr 5, 2022 6:04pm
Quoting Sojourn
-20 loss, seemed like a good trade to me but they cannot all be winners. it makes me think about the importance of good Risk to reward for long term success when accuracy may fluctuate. {image}
but your macd show... that the trend changed.. why buy in that moment?
  • #10,332
  • Apr 6, 2022 4:51pm Apr 6, 2022 4:51pm
Quoting hhloverhh
{quote} but your macd show... that the trend changed.. why buy in that moment?
for sure bro, looking back on it, it was a careless entry, ive noticed its the first trading day of the week that i am most likely to make careless mistakes. i made it back tonight though.
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  • #10,333
  • Apr 6, 2022 6:58pm Apr 6, 2022 6:58pm
Quoting Sojourn
{quote} for sure bro, looking back on it, it was a careless entry, ive noticed its the first trading day of the week that i am most likely to make careless mistakes. i made it back tonight though. {image}
that is the most important things... to learn from our mistakes! and NICE ONE
  • #10,334
  • Apr 7, 2022 4:34pm Apr 7, 2022 4:34pm
another decent trading night, funny, I havent been trading more then 2 hours each night, yet i have never been more profitable lol. just goes to show you do not need to spend 8 hours at the charts every day to find success, for me the best trades come within the first few hours of london open, i am glad i have realized this.
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  • #10,335
  • Apr 8, 2022 7:20am Apr 8, 2022 7:20am
Congratulations Sojourn to your excellent results!
Keep on!

PS: In the last trade there is a nice break, swing HH HL, BRN, but I'm just not sure the 38.2 Fibo retracement is used correctly.
Don't think!
  • #10,336
  • Apr 11, 2022 4:16pm Apr 11, 2022 4:16pm
Quoting LiboCop
Congratulations Sojourn to your excellent results! Keep on! PS: In the last trade there is a nice break, swing HH HL, BRN, but I'm just not sure the 38.2 Fibo retracement is used correctly.
you are probably right, tbh when it comes to pivots and fibs and stuff i just treat all of it as a horizontal level of support or resistance, im pretty sure Dee50 used it like that too, he would use swing low fib retracement and if price broke above he would use it as an area of support to justify a buy if things lined up, but yeah, i try to keep things simple when it comes to using these tools, there is a lot of conflicting information when it comes to how to use things.
What are the main confluences you look for when you want to take a trade?
And thanks bro, its going good, i feel i am getting there!
  • #10,337
  • Edited 5:43pm Apr 11, 2022 4:23pm | Edited 5:43pm
So i took 3 trades tonight, first loss was a BS loss. i am using a new broker and the stupid "one click trading" message popped up when i went to take the trade and it caused me to enter late about 5pips which was just enough to get me stopped out for -20, it was my fault i should have remembered it does that when you take your first trade on a new broker.
i immediately re entered at the close of the next red candle because i still saw stuff lining up and it ended up being a winner +25 i should have held longer though at least down to the next BRN
the third trade i thought was a good setup, but price was moving so slow and so i decided to just move to BE after it was chopping around for a while, seems i made the right judgement.
EDIT: on the first trade, last night on the charts it showed the wick of the green candle coming up to the highlighted area of the 78.6 and pivot for some reason today when i took the screenshot it doesnt show the candle going up that high.
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  • #10,338
  • Edited 9:06pm Apr 12, 2022 3:45pm | Edited 9:06pm
so last night i kinda got rekt, not too bad, but i took 2 losses -10 and -20
idk what happened last night i just wasnt reading the markets right and i ended up moving to BE on the 2 trades that would have been profitable lol.
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  • #10,339
  • Edited 8:20am Apr 13, 2022 5:14am | Edited 8:20am
Quoting Sojourn
{quote} .... What are the main confluences you look for when you want to take a trade?...
In general, the more, the better. I like whole BRN and % Levels, S&R, TL, LO Open Line and Patterns. Everything in view of previous days with pivots. FIBO levels I use mainly for targets of patterns and correction. In the last days I'm traveling, so I don't trade and I can't provide my view of the market, but your entries looks pretty good and non-care for loss. Every loss is your win. It turns out in time! Go on exactly how Matmomo wrote you.
Don't think!
  • #10,340
  • Apr 13, 2022 4:08pm Apr 13, 2022 4:08pm
Quoting LiboCop
{quote} In general, the more, the better. I like whole BRN and % Levels, S&R, TL, LO Open Line and Patterns. Everything in view of previous days with pivots. FIBO levels I use mainly for targets of patterns and correction. In the last days I'm traveling, so I don't trade and I can't provide my view of the market, but your entries looks pretty good and non-care for loss. Every loss is your win. It turns out in time! Go on exactly how Matmomo wrote you.
I will do that, thanks for your input bro
2 trades, the first trade honestly felt more like luck then anything, Their was confluences at that level and it seemed interesting that the pivot lined up at the exact same level as the daily open
+27 +20
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