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  • #961
  • Feb 10, 2015 1:23pm Feb 10, 2015 1:23pm
Quoting dee50
I want to just post this link to a thread here on FF it is an "extracted thread" so it does not come up on searches very often. It was written by a very astute young man who has been trading since 2001. the style of writing is "observational". Why am I recommending you read this thread, because it saves me the time of writing it, I agree with so much of what he has to say it is spooky, it is almost as if he was inside my mind. if nothing else it should be an entertaining read, resulting in many nods of the head and maybe a few shakes of the head....
I start to read this thread ...WOW! THANKS !!!
  • #962
  • Feb 10, 2015 2:57pm Feb 10, 2015 2:57pm
Quoting dee50
I want to just post this link to a thread here on FF it is an "extracted thread" so it does not come up on searches very often. It was written by a very astute young man who has been trading since 2001. the style of writing is "observational". Why am I recommending you read this thread, because it saves me the time of writing it, I agree with so much of what he has to say it is spooky, it is almost as if he was inside my mind. if nothing else it should be an entertaining read, resulting in many nods of the head and maybe a few shakes of the head....

Hi Dee50

Yes that is one awesome thread for sure and just like you, I found myself just nodding in agreement all the way through. A truely masterful bit of trading rhetoric if ever there was one....
Feel the Fear and do it anyway!!!
  • #963
  • Feb 10, 2015 3:15pm Feb 10, 2015 3:15pm
page one
nescentia necat
  • #964
  • Feb 11, 2015 4:26am Feb 11, 2015 4:26am
very tight range so far in EU.
  • #965
  • Feb 11, 2015 4:44am Feb 11, 2015 4:44am
EU-- NY will be a blast.
wait... wait......wait......... ing..

ADR barely reached 20%.

lets see....
  • #966
  • Feb 11, 2015 5:13am Feb 11, 2015 5:13am
I agree. In he mean time I have been shorting AU and long UJ
  • #967
  • Feb 11, 2015 5:36am Feb 11, 2015 5:36am
UJ just reached ADR high...just below 120 roundup with divergence on both 10 pip and 3 pip charts. Will look for a 10 pip chart reversal. Will look to trade a cross (EJ or AJ) as dollar is relatively strong at this time.
  • #968
  • Edited 9:31am Feb 11, 2015 8:47am | Edited 9:31am
page two and three.
printed all.
nescentia necat
  • #969
  • Feb 11, 2015 9:25am Feb 11, 2015 9:25am
meanwhile short on au is running...
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nescentia necat
  • #970
  • Feb 11, 2015 9:41am Feb 11, 2015 9:41am
Didn't take trade off Renko chart. Saw price consolidating on 'normal'chart but Renko chart confirmed entry and kept me in trade where before I would second guess myself, jumping in too late or jumping out too early.

Placed 3 trades and went out for a few hours. 2 hit TP (+120 +209) and 1 still running.

Came back and thought I would try to grab a few more - aiming for 50 pips. Trade still running. Maybe I'm being greedy. Hmm. Might close earlier.

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  • #971
  • Feb 11, 2015 9:52am Feb 11, 2015 9:52am
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  • #972
  • Feb 12, 2015 8:17am Feb 12, 2015 8:17am
GU +117. EU +20. Way more pips from GU than I expected, I just kept moving my TP and SL and it just kept going. EU was a news trade which did not get going at all. Instead some nonsense comes out about greece and price plummets, Does any one really believe that Greece will pay its debts in the manner that they are currently structured?? What are they going to do, sue them for none payment??

OH. On the EU chart the dashed Horizontal lines are from Top to Bottom, 4Hr candle open, 1Hr candle open & daily candle open and the Blue MA is the 1440, no idea if these will help or not but I thought I would have a look.
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Cut your Losers short and let your Winners run.
  • #973
  • Feb 12, 2015 8:35am Feb 12, 2015 8:35am
Quoting mact4
Didn't take trade off Renko chart. Saw price consolidating on 'normal'chart but Renko chart confirmed entry and kept me in trade where before I would second guess myself, jumping in too late or jumping out too early. Placed 3 trades and went out for a few hours. 2 hit TP (+120 +209) and 1 still running. Came back and thought I would try to grab a few more - aiming for 50 pips. Trade still running. Maybe I'm being greedy. Hmm. Might close earlier. {image}
Now I know what happens to all the money in the market, it is going into your pocket, if I were to visit you would the directions read " turn left at the little house and keep going until you come to the biggest house you have ever seen"

it looks as if you are still entering on the TDI cross on the 15m charts, have you looked to see if the signals are any good using the TDI on the Renk charts, just curious?
Cut your Losers short and let your Winners run.
  • #974
  • Feb 12, 2015 8:46am Feb 12, 2015 8:46am
EU +26. Had to take it, couple of divergences, triple bounce off a level and a rising Trend line bounce and a bounce off the Daily candle open, no idea if that is significant or not, but it looks good.
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Cut your Losers short and let your Winners run.
  • #975
  • Feb 12, 2015 2:34pm Feb 12, 2015 2:34pm
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  • #976
  • Feb 12, 2015 2:58pm Feb 12, 2015 2:58pm
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  • #977
  • Feb 12, 2015 3:01pm Feb 12, 2015 3:01pm
Quoting dee50
{quote} Now I know what happens to all the money in the market, it is going into your pocket, if I were to visit you would the directions read " turn left at the little house and keep going until you come to the biggest house you have ever seen" it looks as if you are still entering on the TDI cross on the 15m charts, have you looked to see if the signals are any good using the TDI on the Renk charts, just curious?

Hi Dee

No big house yet - I spread bet so my lots are small. Still aiming to improve strike rate first. Big house will come in due time...

Yes, I too am curious to see if TDI will work on Renko. I know a previous poster said it was unlikely owing to the lack of time element but I wondered if it needed to be so. As I understand it, TDI is based on RSI which is a sort of oscillator. So I thought why not try both the TDI and create a TDI-like mechanism based on other oscillator such as MACD - hence the numerous indicators at the bottom of my chart. So far what I've found:

a) TDI signal is NOT very clear on Renko chart, however,
b) The Red/Green cross or hook on the MACD equivalent is actually quite good.
c) The 'MBL' line adds an extra dimension.
d) Extremes are harder to define unlike the clear 32-68 level on TDI, but the 0-level is helpful to confirm direction or strength of trend

Work still in progress....
  • #978
  • Feb 13, 2015 7:58am Feb 13, 2015 7:58am
+9 +15 ... I missed good occasion for short above 1.1400 so I decided to wait for L ...
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  • #979
  • Feb 13, 2015 9:12am Feb 13, 2015 9:12am
Hi Dee,

Had my first go at your divergence method today. Like every other trade I make, it turned around and went the other way unfortunately. Only on demo, so no damage. Any advice on where I went wrong would be very gratefully received.

Moonie.

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Quoting dee50
EU +26. Had to take it, couple of divergences, triple bounce off a level and a rising Trend line bounce and a bounce off the Daily candle open, no idea if that is significant or not, but it looks good. {image}
  • #980
  • Feb 13, 2015 9:22am Feb 13, 2015 9:22am
EU +5 +25. I was waiting for price to turn back up but instead it broke out down, rather annoyingly it then came back up and took me out for +5, so I re-entered and it then went to target. I was still waiting for it to go back up and when it did with a nice 123 reversal back into trend, what did I do? I ran around like a chicken with its head cut off, should I shouldn't I what shall I do, in the end as you can see I missed the trade. Is there a lesson to learned from this, Yes!! Don't be me on a Friday afternoon.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
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