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Oktoberfest Nightclub

  • #4,481
  • Apr 22, 2014 11:17am Apr 22, 2014 11:17am
Quoting jonnypants
{quote} Hi jdva Nice chart, how do you calculate the numbers 2 and 3? What do they represent? Spread 10 pips! Danke!
Hi jonny, the disc 2/3 are from ZZ Semafor indi I found somewhere on FF...but caution they repaint, I use them just for orientation, my spread is 1 point (divided pips by ten)

For trading I do use mainly Renko charts...with stop orders above/below the discs and S/R zones.

HT jdva
I never lose - either I win or I learn...
  • #4,482
  • Apr 22, 2014 11:21am Apr 22, 2014 11:21am
Quoting Raza
{quote} I drew this.....and I am really starting to like this. (UJ) {image}
may be we see a ABC Flat with target 103.058
Attached Image(s) (click to enlarge)
Click to Enlarge Name: abc flat.PNG Size: 46 KB
Click to Enlarge Name: zig.PNG Size: 55 KB
  • #4,483
  • Apr 22, 2014 11:23am Apr 22, 2014 11:23am
Quoting Schickeria
{quote} i think we are going to 140.40 again
The drop triggered by overstock in US (probably pretext) personal opinion this has something to do re Ukraine. Not easy to predict when it's mixed with politics but technical is pointing up.

As a mad Russian would say "ti s kakogo goroda"
  • #4,484
  • Edited 11:57am Apr 22, 2014 11:24am | Edited 11:57am
Quoting Schickeria
{quote} DAX i want to try one short @ 9612.98 (if we reach) with a tight SL
DAX

added short 9612.98 SL 10 Pips

Edit: added picture
Attached Image
  • #4,485
  • Apr 22, 2014 11:26am Apr 22, 2014 11:26am
Quoting Schickeria
{quote} DAX i want to try one short @ 9612.98 (if we reach) with a tight SL
....already short DAX? Which SL?
I never lose - either I win or I learn...
  • #4,486
  • Apr 22, 2014 11:27am Apr 22, 2014 11:27am
Quoting Ken A
{quote} The drop triggered by overstock in US (probably pretext) personal opinion this has something to do re Ukraine. Not easy to predict when it's mixed with politics but technical is pointing up. As a mad Russian would say "ti s kakogo goroda"
i don't have good signals atm... on WTICrude.

will also wait
  • #4,487
  • Apr 22, 2014 11:28am Apr 22, 2014 11:28am
Quoting jdva
{quote} ....already short DAX? Which SL?
...sorry, thanks!
I never lose - either I win or I learn...
  • #4,488
  • Apr 22, 2014 11:28am Apr 22, 2014 11:28am
Quoting jdva
{quote} ....already short DAX? Which SL?
Quoting Schickeria
{quote} DAX added short 9612.98 SL 10 Pips
and i want to BE when we reach 9608.81
  • #4,489
  • Edited 11:42am Apr 22, 2014 11:29am | Edited 11:42am
Quoting Schickeria
{quote} may be we see a ABC Flat with target 103.058 {image} {image}
Or may be this...

3-3-3-3-3

102.88 is the most I can take after that I believe I am wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ - DAILY- TG.png Size: 51 KB
Markets are not Random, they are designed!
  • #4,490
  • Apr 22, 2014 11:30am Apr 22, 2014 11:30am
Quoting Raza
Sure they look similar / opposite but there is a huge pip difference on Market turns. If some one is trading mini/micro lots may not mean the world of difference but on standard lots it is a big loss.
Not sure how I miss such important post.

Totally agree with you, trading standard lots per order from $100K accounts few pips against you is a big loss. But if the standard lots only say 1% of equity, few hundred pips just a chicken feed in terms % of equity change
  • #4,491
  • Apr 22, 2014 11:32am Apr 22, 2014 11:32am
Quoting Schickeria
{quote} {quote} and i want to BE when we reach 9608.81

BE entry now - NO RISK
  • #4,492
  • Apr 22, 2014 11:33am Apr 22, 2014 11:33am
Quoting Schickeria
{quote} {quote} and i want to BE when we reach 9608.81
....good idea!
I never lose - either I win or I learn...
  • #4,493
  • Apr 22, 2014 11:40am Apr 22, 2014 11:40am
Quoting Ken A
{quote} Not sure how I miss such important post. Totally agree with you, trading standard lots per order from $100K accounts few pips against you is a big loss. But if the standard lots only say 1% of equity, few hundred pips just a chicken feed in terms % of equity change
And if you can control your emotions and don't add to losing position. Many of us cannot control our emotions including me.

Best thing is to define your MM before entering a trade even for scalp and let it hit Stop loss, cause take profit is up to you.
Markets are not Random, they are designed!
  • #4,494
  • Apr 22, 2014 11:40am Apr 22, 2014 11:40am
Quoting Raza
{quote} Or may be this... 3-3-3-3-3 {image}
USDJPY

is difficult to predict (my view) and i don't have good signals for this pair atm...

but i expect one move to 102.8xx - 103.30 area for one leg lower to 102.01
  • #4,495
  • Apr 22, 2014 11:41am Apr 22, 2014 11:41am
Quoting Schickeria
{quote} BE entry now - NO RISK
Schick...you dont need to pray any longer ...I think if you consider as scalp!
I never lose - either I win or I learn...
  • #4,496
  • Apr 22, 2014 11:43am Apr 22, 2014 11:43am
I think Footsie is a better short than DAX is still very bullish with the speculation of more pharmaceutical takeover in German
  • #4,497
  • Apr 22, 2014 11:43am Apr 22, 2014 11:43am
Quoting Schickeria
{quote} USDJPY is difficult to predict (my view) and i don't have good signals for this pair atm... but i expect one move to 102.8xx - 103.30 area for one leg lower to 102.01
This bastard is playing Games.

102.88 is the last one after that I am gonna just watch this Mofu.
Markets are not Random, they are designed!
  • #4,498
  • Apr 22, 2014 11:45am Apr 22, 2014 11:45am
Quoting jdva
{quote} Schick...you dont need to pray any longer ...I think if you consider as scalp!
my scalp is from high 9612.98 TP 352 Pips
  • #4,499
  • Apr 22, 2014 11:46am Apr 22, 2014 11:46am
Quoting Ken A
I think Footsie is a better short than DAX is still very bullish with the speculation of more pharmaceutical takeover in German
may be.... but Footsie ist not on my agenda...
I never lose - either I win or I learn...
  • #4,500
  • Apr 22, 2014 11:47am Apr 22, 2014 11:47am
Quoting Raza
{quote} And if you can control your emotions and don't add to losing position. Many of us cannot control our emotions including me. Best thing is to define your MM before entering a trade even for scalp and let it hit Stop loss, cause take profit is up to you.
I don't think anyone is emotions free trading much larger from account size a.k.a over-leverage.
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