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More simple is impossible

  • #1,561
  • Apr 11, 2015 4:42am Apr 11, 2015 4:42am
Quoting dee50
EU +41. that's all i could manage today, we started off very early today on the tourist trail, so when we got back i had a quick look and this was setting up so whilst queuing for the shower I entered prematurely (my wife's biggest complaint) and thought it would be a quick run down, fortunately I booked the table for 22.00hrs, because the trade took a few hours!! I need not have rushed my shower. {image}
Hmmm.. day out in the sunshine and fresh air with the family, long lunch I expect, back home and 40+ pips while in a nice hot shower. vs. poring over the screen all morning. I think I can see where I'm going wrong ....
Follow, don't anticipate.
  • #1,562
  • Apr 11, 2015 5:11pm Apr 11, 2015 5:11pm
Quoting dee50
{quote} Just a quick one. I have never had to trade the asian session so I do not know this, But, what do the asian traders trade,?? when the rest of the western world is asleep what do they trade?? Someone must be trading thru the asian session.
Hi Dee50

For this strategy I'm guessing they would be trading indices, eg Nikkei and perhaps UJ, GJ
Have a nice day
  • #1,563
  • Apr 12, 2015 12:50pm Apr 12, 2015 12:50pm
I have another question and this time its also a little bit similar to the other scenario i poster the other day.
How can i avoid a situation like that? Do i wait for the asc-indicator to give signal before i make any decision?
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Energy, frequency and vibration.
  • #1,564
  • Apr 12, 2015 6:46pm Apr 12, 2015 6:46pm
Quoting Hercs
{quote} ======== Hi Sam, Surely there are enough good to excellent trades during your morning session until London opens? That should be more than enough opportunity to make your quota for the day. Dee and others like me, don't get up for Asian session for the same reason as yours. Continued success to you.
Quoting dee50
{quote}I don't have time at the moment for your other questions, after the weekend yes. I remembered reading some thing years ago about trading the Asian session, here is an excerpt. " In the Traits of Successful Traders series, David began by examining trader profitability throughout the day (You can certainly hit the source link for more thorough information). The contrast in trader profitability on the major currency pairs...

Thanks Hercs and Dee50,
There are surely some opportunities in Asian session, however for a day trader like me, hitting S/L or T/P ASAP is almost the first priority. I rarely see traders in these thread leaving their positions open for next days. So in London and NY session it might take 3 4 5 and around hours to hit the target and release the position while in Asia session you can see many times the chart has been totally freeze for hours.

So we have couple of choices :

1) increasing TF and lowering contract size to hitting more S/L and more T/P
2) trading only the London session until NY open which it will lead to life imbalance (you will work for hours until bedtime while locals resting)
3) set&forget trading which personally I'm not good at.
4) changing the strategy

in my opinion the best option is increasing TF which means increasing Renko brick size,

because:
1) moving averages work for many years in all timeframes
2) MACD works for many years in all timeframes
3) Stochastic works for many years in all timeframes
4) divergence ( hidden or real ) appears in all timeframes ( however higher timeframe has less entry, but has higher TP and also higher SL ,plus it's more accurate )
5) Round numbers have same reactions


So what is your suggestion ?
Increasing brick size ?
Dee50, have you worked with higher brick size before? if yes was the result acceptable ?
  • #1,565
  • Apr 12, 2015 6:57pm Apr 12, 2015 6:57pm
Thanks Dee50 for writing all information for MA periods and others, they're really informative.

I just didn't realize what is the vertical dash line on your chart which it is drawn around 9:30 a.m ?

and Also how do you use and benefit from ATR=5 and ATR=25 in your higher time frame ?

Do you hand draw your horizontal greenish S&R lines or indicator? if yourself, do you mainly find them on Renko chart in higher time-frame or candle chart ?
  • #1,566
  • Apr 13, 2015 2:38am Apr 13, 2015 2:38am
Quoting Subrina_FX
Thanks Dee50 for writing all information for MA periods and others, they're really informative. I just didn't realize what is the vertical dash line on your chart which it is drawn around 9:30 a.m ? and Also how do you use and benefit from ATR=5 and ATR=25 in your higher time frame ? Do you hand draw your horizontal greenish S&R lines or indicator? if yourself, do you mainly find them on Renko chart in higher time-frame or candle chart ?
If it's 9:30 NY time, it would be when the NY stock market opens.

For trading the Asian session I would watch the asian pairs, U/J, A/U, N/U. If they are quiet check the asian crosses. Plenty happened with the A/U and N/U in today's asian session.
Good Trading
  • #1,567
  • Edited 7:14am Apr 13, 2015 5:35am | Edited 7:14am
EU +46 +4 +3 +6 +11 S0.3 still ongoing ...target 1.0430.
EDIT: and OUT 1.0544
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  • #1,568
  • Apr 13, 2015 12:19pm Apr 13, 2015 12:19pm
EU. +2 +7 +5 +2 +2 +2 +7 +2 +2 +11 +2. = 44. This is how not to do it!! The only good thing to come out of this, is it proves that my SL B/E policy works not only to protect me but also to hinder me. But, 3 of the trades were Revenge trades and my sl B/E policy stopped me from looking like a bigger pratt than I already do.

In my defence, I did not take a hat with me today and the sun was very strong.
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Cut your Losers short and let your Winners run.
  • #1,569
  • Apr 13, 2015 12:43pm Apr 13, 2015 12:43pm
Quoting dee50
EU. +2 +7 +5 +2 +2 +2 +7 +2 +2 +11 +2. = 44. This is how not to do it!! The only good thing to come out of this, is it proves that my SL B/E policy works not only to protect me but also to hinder me. But, 3 of the trades were Revenge trades and my sl B/E policy stopped me from looking like a bigger pratt than I already do. In my defence, I did not take a hat with me today and the sun was very strong. {image}
Fire works on the chart..??
  • #1,570
  • Apr 13, 2015 1:01pm Apr 13, 2015 1:01pm
hi all!
maybe an easy insect (in the beets)
sorry not too much time to read and trade in in these days...
maybe can be helpful to someone... just a look while you work.
green pips to all!

4H

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nescentia necat
  • #1,571
  • Apr 14, 2015 12:35am Apr 14, 2015 12:35am
Hi, where can I download the combined current daily range/average true range that is displayed in top left corner on Jaquemate's chart?

Thanks
Dave
  • #1,572
  • Apr 14, 2015 6:16am Apr 14, 2015 6:16am
EU +10 +10. Short-term trend... UP. Medium-term trend... DOWN.
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  • #1,573
  • Apr 14, 2015 7:20am Apr 14, 2015 7:20am
Hi, I download from another thead.. Regards


Quoting Dave1
Hi, where can I download the combined current daily range/average true range that is displayed in top left corner on Jaquemate's chart? Thanks Dave
Attached File(s)
File Type: ex4 ADR_Daily Range PeterE.ex4   3 KB | 310 downloads
File Type: mq4 ADR_Daily Range PeterE.mq4   2 KB | 374 downloads
  • #1,574
  • Apr 14, 2015 7:56am Apr 14, 2015 7:56am
EU +30 +2 +30 +30 +40. News. That is more like it. After yesterdays fiasco I purposefully waited for the news for some momentum, looks like every body else was doing the same.
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Cut your Losers short and let your Winners run.
  • #1,575
  • Apr 14, 2015 8:14am Apr 14, 2015 8:14am
Careful here. HTF confluence. This could be the ideal spot for the MMs to sell back down, but they will not make it obvious.
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Cut your Losers short and let your Winners run.
  • #1,576
  • Apr 14, 2015 10:41am Apr 14, 2015 10:41am
complicity of the news ...
first target .382 distance AD really really close ...
you are right, thanks for the warning dee

(I should make some order in my chart,
I think it's important to have the situation as clean as possible)

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nescentia necat
  • #1,577
  • Apr 14, 2015 11:10am Apr 14, 2015 11:10am
EU +30 +5 +5. The extra push up came as no surprise, typical tactic to suck in some longs, I obliged, but I did not hold on to it. So, 3 more trades, 1 Long for 30 then 2 short each taken out at +5 on the TS. really should go back to my rule of no trades after closing time, they are turning into summer trades, scrappy and pointless.

Hope a good day was had all.
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Cut your Losers short and let your Winners run.
  • #1,578
  • Apr 14, 2015 11:18am Apr 14, 2015 11:18am
Quoting dee50
EU +30 +2 +30 +30 +40. News. That is more like it. After yesterdays fiasco I purposefully waited for the news for some momentum, looks like every body else was doing the same. {image}
Quoting dee50
EU +30 +5 +5. The extra push up came as no surprise, typical tactic to suck in some longs, I obliged, but I did not hold on to it. {image}
awesome.
nescentia necat
  • #1,579
  • Apr 15, 2015 3:17am Apr 15, 2015 3:17am
4H
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nescentia necat
  • #1,580
  • Edited 4:31am Apr 15, 2015 4:13am | Edited 4:31am
I hope it works ...
EDIT: OUT +4 uffff ..but I think that will be mistake ...and I should keep it.
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