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Genuine 5m 4R/R system

  • #1,281
  • Jul 7, 2014 5:26am Jul 7, 2014 5:26am
by the way, in case you might wonder, the horizontal lines are floortrader pivots for today, and there is a 200 bar ema in my chart.
  • #1,282
  • Jul 7, 2014 5:56am Jul 7, 2014 5:56am
Dax trade triggered.

And I discovered a nice setup in an IPO we had here in the Netherlands last week (15 min chart, green circle):

Attached Image (click to enlarge)
Click to Enlarge Name: 4rr setup NN.png Size: 25 KB


and sorry for the Elliott and cycle marks ....
  • #1,283
  • Jul 7, 2014 6:40am Jul 7, 2014 6:40am
Closed DAX trade at -2 points, because it did not work within 1 hour, looking for next setup
  • #1,284
  • Jul 7, 2014 6:41am Jul 7, 2014 6:41am
Attached Image (click to enlarge)
Click to Enlarge Name: 4rr dax trade closed.png Size: 16 KB
  • #1,285
  • Jul 7, 2014 6:42am Jul 7, 2014 6:42am
start wondering whether this thread is still alive ....
  • #1,286
  • Jul 7, 2014 6:56am Jul 7, 2014 6:56am
re-entry

Attached Image (click to enlarge)
Click to Enlarge Name: 4 rr dax re-entry.png Size: 21 KB
  • #1,287
  • Jul 7, 2014 6:59am Jul 7, 2014 6:59am
and closed @ + 12 points, makes +10 alltogether, which is my daily target. Thanks again @RIFID (PS hitting S3 is for me a good reason to take profit)
  • #1,288
  • Jul 7, 2014 7:10am Jul 7, 2014 7:10am
Quoting AlexP
start wondering whether this thread is still alive ....
You are spamming the thread by posting this way. While I understand your charts, others will not, so it would be nice if you post only clean and clear ones. Don't mix the original method with your own experience here.
  • #1,289
  • Jul 7, 2014 7:18am Jul 7, 2014 7:18am
Quoting AlexP
and closed @ + 12 points, makes +10 alltogether, which is my daily target. Thanks again @RIFID (PS hitting S3 is for me a good reason to take profit)
Having a daily target makes no sense at all, you might encounter psychological issues by pushing trades and missing the good ones. Also, % is what matters, not number of pips. Just 2c
  • #1,290
  • Jul 7, 2014 7:21am Jul 7, 2014 7:21am
I'm quite satisfied with the result, but a little bit more patience ....

Attached Image (click to enlarge)
Click to Enlarge Name: 4rr dax missed opportunity.png Size: 19 KB
  • #1,291
  • Jul 7, 2014 7:32am Jul 7, 2014 7:32am
something is wrong with my pivot levels, I apologize
  • #1,292
  • Jul 7, 2014 7:41am Jul 7, 2014 7:41am
This should be correct for the pivot levels (I use several brokers, with different graphical programs, for different purposes ...)

Attached Image (click to enlarge)
Click to Enlarge Name: 4 rr dax correct pivot levels.png Size: 29 KB
  • #1,293
  • Jul 7, 2014 8:25am Jul 7, 2014 8:25am
Quoting 2121
{quote} You are spamming the thread by posting this way. While I understand your charts, others will not, so it would be nice if you post only clean and clear ones. Don't mix the original method with your own experience here.
I apologize. It won't happen again. Just saw your reply, so the before will be the last ..
  • #1,294
  • Jul 7, 2014 8:31am Jul 7, 2014 8:31am
Quoting 2121
{quote} Having a daily target makes no sense at all, you might encounter psychological issues by pushing trades and missing the good ones. Also, % is what matters, not number of pips. Just 2c
on this one I don't agree. My target is 10 points DAX, which is very modest. By adjusting the trade size it will amount to 1%. When I make this I quit trading and enjoy doing something else. Which could also be watching the market, by the way. Usually it takes me less than 2 hours ... but of course not all days are profitable ... this way I want to make 10% each month, which will make me a millionaire in 6 years (... I keep on dreaming ...) so if this system promises to make me 8% each week I will be a millionaire soon
  • #1,295
  • Jul 7, 2014 9:14am Jul 7, 2014 9:14am
rifids method can work quite nicely on the indicies.. especially ftse100 and dax30...1 point spread usually ..
almost a 20pipper in play from this morning ftse 100....

Attached Image (click to enlarge)
Click to Enlarge Name: ftse10077.jpg Size: 118 KB
  • #1,296
  • Jul 7, 2014 9:16am Jul 7, 2014 9:16am
Now I'm violating my own trading rules, but it's just because I'm so exited about this system. (I'm overtrading) They even seem to work in the 1 min chart.

This one was too fast to post beforehand.

Attached Image (click to enlarge)
Click to Enlarge Name: 4rr trade dax 1 min II.png Size: 14 KB


now I quit, and enjoy a walk in sunny Amsterdam

@RIFID if ever you come to Amsterdam, I'll be happy to invite you for dinner or lunch ....
  • #1,297
  • Jul 7, 2014 10:46am Jul 7, 2014 10:46am
it turns out to be a narrow escape, my (educated ) guess was the trend would turn, so I used Rifid's method to find an entry. But the short term trend continues ...

Attached Image (click to enlarge)
Click to Enlarge Name: 4 rr dax, narrow escape ....png Size: 16 KB
  • #1,298
  • Jul 7, 2014 1:57pm Jul 7, 2014 1:57pm
eurgbp, what about this?

Attached Image (click to enlarge)
Click to Enlarge Name: RR4 eurgbp setup.png Size: 14 KB
  • #1,299
  • Jul 7, 2014 2:04pm Jul 7, 2014 2:04pm
Quoting AlexP
eurgbp, what about this? {image}
That looks fine to me if it breaks above. Alex have you joined the group chat yet?
  • #1,300
  • Jul 7, 2014 2:11pm Jul 7, 2014 2:11pm
Quoting Mister Dave
{quote} That looks fine to me if it breaks above. Alex have you joined the group chat yet?
groupchat?
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