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More simple is impossible

  • #10,441
  • Edited 3:44am Dec 4, 2024 3:22am | Edited 3:44am
Quoting Matomi
DAX +7 +2 -14 -11 -10 +1 +18 +17 = 22 pips today Not much profit today, I made few hasty entries and gave money back to market, but no. 1 priority for me is to end day as winner. Sometimes it's really better to stay out of market as vidvad mentioned above, calm down and came back to do my job. Usually I make couple of entries, then switch to my full-time job (god bless remote work) and vice-versa. Absolutely game-changer in my mindset was something I read in "Trading in the Zone" book - market doesn't care. And it really doesn't, about your losses,...
I can only confirm this is reality after many, many years of studying and trading. As my friend @matmomo once said, it's better and important to be in the plus (he meant 1 point) than the minus, and also, sometimes is market giving, sometimes not.
Yes, the best book ever.

Below LO +84
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Don't think!
  • #10,442
  • Dec 4, 2024 5:51am Dec 4, 2024 5:51am
DAX -12 -10 +6 -10 +3 +5 +18 +15 -5 -7 +31 = 34 pips

And probably done for today, we have family celebration, so I'll be out away from charts.
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  • #10,443
  • Dec 5, 2024 3:07am Dec 5, 2024 3:07am
LO +60

just one short on pattern
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  • #10,444
  • Dec 6, 2024 2:53am Dec 6, 2024 2:53am
GM here after LO
+57
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  • #10,445
  • Edited 6:33am Dec 6, 2024 3:54am | Edited 6:33am
DAX -8 -8 +20 +11 +11

Edit: +11, not much nice entries today, probably done for this week, have a nice weekend !
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  • #10,446
  • Dec 9, 2024 12:02pm Dec 9, 2024 12:02pm
DAX +40

Got lately to my PC today, only one trade, later entry but after big pull-back from 20500.0, I was enough confident.
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  • #10,447
  • Dec 10, 2024 4:30am Dec 10, 2024 4:30am
DAX +30

Very busy day, took this one early after London open, set SL & TP and leave the chart, and went well pretty quick.
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  • #10,448
  • Edited 7:38am Dec 13, 2024 2:56am | Edited 7:38am
DAX +30 +14 = 44 pips

Entry after London open, we are close to the Futures contracts expiration, these days I'm more observer than trader, dangerous waters.
Edit: Another entry after range break & confirmation with 123 pattern.
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  • #10,449
  • Dec 17, 2024 1:51pm Dec 17, 2024 1:51pm
DAX +4 +1 -6 -8 +10 +8 +27

Not ideal entry on last one, I should wait for pullback. Original target was 20200.0, but price was doing zig-zag for couple of hours, so I grabbed what was on table, tomorrow is another day.
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  • #10,450
  • Dec 18, 2024 3:15pm Dec 18, 2024 3:15pm
DAX +41 +23 = 64 pips

Small piece of cake after FED & FOMC. I always wonder how US news move with German stock index more than EU ones.
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  • #10,451
  • Edited 8:18am Dec 19, 2024 7:07am | Edited 8:18am
DAX +17 +28 +25 +15 = 85 pips

Edit: one more, bit risky, better wait for US now to show the way.
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  • #10,452
  • Edited 3:26am Dec 20, 2024 2:15am | Edited 3:26am
DAX +42 +14 +15 +9 +8 +15 = 104 pips

I regret my morning didn't start earlier, I would grab a bigger piece of that 150 pips open gap filling up (or filling down ).

Edit1: +14 +15, now we're dealing with big 38.2% Fibo (on chart as 61.8%, but in fact it is 38.2% if we are talking about retracement) on H4 chart, but there is one more magnet to push price down (reason why I took only scalp on that big Fibo), previous ATH 19800.0, let's see how many traders see it.

Edit2: +9 +8 +15, pullback in game with lots of mini price gaps, so I adjusted strategy a bit and probably done for this morning, we'll see what US session bring.
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  • #10,453
  • Dec 27, 2024 9:26am Dec 27, 2024 9:26am
DAX -34 +38 +1 +12 +10 -15 -5 -7 +68 = 68 pips

Rough start of session, London open was always risky, and still there are days when I allow myself to not put SL on my position . My entries will make no sense for a next couple of weeks I guess, because I'm playing with fair value gaps still more and adjusting my strategy around it, so you'll probably see me entering on breakout somewhere, and picking a top/bottom somewhere else, but anyway - core signals remains same, there's nothing better to search for than S/R, Fibo, 123 pattern.. (for me).
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  • #10,454
  • Feb 9, 2026 1:29am Feb 9, 2026 1:29am
It's been over a year since @LibCop and @Matomi last posted their trades in this thread. Anyone still day trade using the HaRenko charts?
  • #10,455
  • Feb 17, 2026 3:07am Feb 17, 2026 3:07am
I would like to revive this thread in order to learn from the successful traders. The below is the DAX HA renko chart with 3 points of brick size. The chart setup is based on the latest template that @Matmomo shared on 17 March, 2022. (
https://www.forexfactory.com/thread/...8#post13935948)

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Any thoughts on this chart? How would you trade it? Thanks!
  • #10,456
  • Feb 17, 2026 4:04am Feb 17, 2026 4:04am
It's nice to see someone here again .
Try to find them (trades, entry, exit, SL), I'd be happy to join.
Don't think!
  • #10,457
  • Feb 18, 2026 1:37am Feb 18, 2026 1:37am
I didn't trade DAX. So, I marked some trades that I would have taken if I had traded yesterday around European open. The first two long trades because price was above all 4 MAs and most or all of the MAs were upward. The third trade is a short, because the two short MAs were downward. The fourth trade is a long, looks like the price found support at the EMA 200, and it's above EMA 5 and LWMA 35.



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I would keep SL tight, maybe a few bars below or above my entry point. Took profit because the price bar changed color.
  • #10,458
  • Feb 18, 2026 4:42am Feb 18, 2026 4:42am
Just wanted to drop a comment and thank you for sharing your system. This is where I discovered the Renko charts. Never heard of them before. I’m curious about new trading concepts and decided to explore it further and after a day or two reading about the specs of renko charts I could easily find a couple of already working trading strategies. I don’t use any indicators, as you said, add indicators and start analysis paralysis and losing money.
What it did, on the same EURJPY was marking the Tokyo range. It does nothing actually with entries and exits, but it give me an overall picture where the price is, since supply is not that volatile instruments and if the price has broken the range, or it went a bit away from the range it always tends to get back to it.
  • #10,459
  • Edited 10:04am Feb 18, 2026 9:16am | Edited 10:04am
Quoting pipsfan
I didn't trade DAX. So, I marked some trades that I would have taken if I had traded yesterday around European open. The first two long trades because price was above all 4 MAs and most or all of the MAs were upward. The third trade is a short, because the two short MAs were downward. The fourth trade is a long, looks like the price found support at the EMA 200, and it's above EMA 5 and LWMA 35. {image} I would keep SL tight, maybe a few bars below or above my entry point. Took profit because the price bar changed color.

Very nice pipsfan, I see, you understand the concept

You've marked ideal traders, but in reality it won't be so easy. Try to trade on demo with online chart, then we will take a look together .

Edit: also focus on patterns, divergences, BRN and 1,2,3. I strongly don't recommend trading against moving averages for starters.

Edit2 always use pendind orders above/below the brick
Don't think!
  • #10,460
  • Feb 18, 2026 9:55am Feb 18, 2026 9:55am
current live trades


1st break - BE
2nd div, DB, 1,2,3, break ....the more confluences, the better
...TP BRN
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