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  • #1,881
  • May 15, 2015 11:38am May 15, 2015 11:38am
Interesting article to read. But the comments at the end of it by readers are even more interesting.

Afraid of Losing Trillions, Wall Street Fights Fed Rate Hikes | Wolf Street
Cut your Losers short and let your Winners run.
  • #1,882
  • Edited May 16, 2015 6:58am May 15, 2015 3:59pm | Edited May 16, 2015 6:58am
Quoting dee50
{quote} How much do you want for it, in the right frame it would look good next to my Picasso! Are you calling it Abstract or Contemporary?
hehe action painting??
sorry mates, really no time to put arrows or commet in that chart (was damn busy day)
so i saw the break of the big flag on 10p and just time to screenshot, load here and open the position..

ha!
please
live your picasso alone and enjoy its beauty...

do you really have?
nescentia necat
  • #1,883
  • Edited May 16, 2015 6:40am May 15, 2015 4:04pm | Edited May 16, 2015 6:40am
Rothko Untitled (Yellow and Blue), which describes it perfectly, for $46.5 million
funny

btw
ok
now i got it
nescentia necat
  • #1,884
  • May 16, 2015 6:58am May 16, 2015 6:58am
Quoting handy148
friska - how are you getting on with COG. Belkhayate developed that for gold trading but on H4 and D1 charts only.
hi handy,

yes i'm trying cog on 4h and daily mostly, standard chart, standard setup with m=2.
i use the edges of the channel to spot more easly divergence potential point.
but cog is a difficult indi formula for me (for now), so i leave parameters as i found.
i also found here in FF (dead thread) some interesting topics that use cog with renko,
but i have not already read them...
nescentia necat
  • #1,885
  • Edited 7:57pm May 17, 2015 7:43pm | Edited 7:57pm
This morning I took a sell trade on AUDUSD
Trend was clearly down.
Wait for pullback.
TDI was below 50
HA oscillator declining.
Semafor orange dot has formed.
Renko closed under 2MA

Exit trade when bar moved back over 2MA.

Simple. Only time for 1 trade this morning. Other work calls. Bye.
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Just trade the pullback you idiot!
  • #1,886
  • May 18, 2015 8:52am May 18, 2015 8:52am
Posssible bullish gartley if price touches 127.20 on 10 pip renko.
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Energy, frequency and vibration.
  • #1,887
  • May 18, 2015 9:57am May 18, 2015 9:57am
EU 242+ongoing. How to make a little go a long long way. -5+22+25+22+16+20+22+16+22+28+24+30.
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Cut your Losers short and let your Winners run.
  • #1,888
  • May 18, 2015 10:07am May 18, 2015 10:07am
Dee,

I took your advice and jumped on the trades a bit earlier and was pretty pleased with a 20 Pip profit, but I have now been put firmly back in my place !!. Can I assume you somehow added to a winning position using the current PIPS profit to cover risk. Only way I can think of to squeeze 240+ pips out of a 60 pip move. If so , it would be great to hear your thoughts on this as it's obviously something that I would love to try and understand

Thanks again for posting it's a great inspiration

Cheers...Des
  • #1,889
  • Edited 11:16am May 18, 2015 10:58am | Edited 11:16am
Successful gartley. 1st TP is at 38.2

Update: Failed, it rallied down.
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Energy, frequency and vibration.
  • #1,890
  • May 19, 2015 9:03am May 19, 2015 9:03am
Quoting des_b
Dee, I took your advice and jumped on the trades a bit earlier and was pretty pleased with a 20 Pip profit, but I have now been put firmly back in my place !!. Can I assume you somehow added to a winning position using the current PIPS profit to cover risk. Only way I can think of to squeeze 240+ pips out of a 60 pip move. If so , it would be great to hear your thoughts on this as it's obviously something that I would love to try and understand Thanks again for posting it's a great inspiration Cheers...Des
Hi Des.
No you have NOT been firmly put in your place, quite the opposite. Be pleased with your 20 pip profit by getting in earlier
What you are describing is called "Layering" which is not what I did, what I did was put in multiple small lot orders as quickly as I could, spread over 2 - 3 pips from initial entry, all set with a quick B/E to reduce risk, I have tried this a couple of times now and it works out provided that conditions are just right. I have seen this done by Pro traders although in the Futures market, where the Trade Managers are much simpler and quicker to set up even on the fly.
Again, the trade manager I was using thwarted my plan by not allowing me to stagger my 1st Partial TPs, which was bloody annoying and i could not have a separate move to B/E with out the damn thing then trailing at the same setting. this thing was programmed by the village idiot from Toledo who can clearly code but obviously can not trade.

Anyway, for now it looks really impressive but unless I can programme a TM that will do what traders want, don,t be to impressed because it is a high risk strategy, just carry on perfecting your entries and leave the fancy stuff until later or at least until I have worked out how to do it safely.
Cut your Losers short and let your Winners run.
  • #1,891
  • May 19, 2015 10:01am May 19, 2015 10:01am
Thanks Dee,

Will stick to the knitting as they say until I get better and then I can look at some of these additional approaches

Cheers...Des
  • #1,892
  • May 19, 2015 12:44pm May 19, 2015 12:44pm
EU +80+2+50. I have been waiting to see if any one else would be posting a chart, but it appears not!!so here is mine for the day.

When the bureaucrats and politicians are moving the market just look at S&R for your targets

Blue = Interim short term.
Red = Major importance

OR 23-25 pips to first BRN
73-75 pips to next BRN

OH work it out for your selves, I see at least 4 -5 minor trades good for 15 -20 pips each and a couple of Major trades
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #1,893
  • May 19, 2015 7:28pm May 19, 2015 7:28pm
Quoting dee50
EU +80+2+50. I have been waiting to see if any one else would be posting a chart, but it appears not!!so here is mine for the day. When the bureaucrats and politicians are moving the market just look at S&R for your targets Blue = Interim short term. Red = Major importance OR 23-25 pips to first BRN 73-75 pips to next BRN OH work it out for your selves, I see at least 4 -5 minor trades good for 15 -20 pips each and a couple of Major trades {image}
Dee50 - please don't get discouraged that others are not posting their charts. You are providing such a valuable learning experience for everyone and viewing a consistent trading template is invaluable. I personally have noticed an easy and profitable technique you use to re-enter positions. I'm happy to post my charts but they are quite different to yours and as such would take the emphasis and consistency away from the thread. Too many different templates usually kill threads as they inevitably morph into something that doesn't resemble the original idea. My thoughts anyway.

I'm loving the ease to how you trade and the pips you glean from trends. Love it. It shows everyone how it should and can be done. You provide a great example of how to trade this concept and FX in general.

Thanks for all your input Dee.

A big thumbs up from me.

PM1
  • #1,894
  • May 19, 2015 9:17pm May 19, 2015 9:17pm
Love these renko charts. Exit at my bull target on the dot
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Just trade the pullback you idiot!
  • #1,895
  • May 19, 2015 9:42pm May 19, 2015 9:42pm
Quoting PipMonster1
{quote} Dee50 - please don't get discouraged that others are not posting their charts. You are providing such a valuable learning experience for everyone and viewing a consistent trading template is invaluable. I personally have noticed an easy and profitable technique you use to re-enter positions. I'm happy to post my charts but they are quite different to yours and as such would take the emphasis and consistency away from the thread. Too many different templates usually kill threads as they inevitably morph into something that doesn't resemble...
Well put....for me this has been a valuable ongoing learning experience. I have spent a lot of hours these past couple months pouring over Dee`s posts...the results for me are positive$
  • #1,896
  • May 20, 2015 2:04am May 20, 2015 2:04am
hi all,
dxy on important levels...

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nescentia necat
  • #1,897
  • May 20, 2015 2:11am May 20, 2015 2:11am
Quoting dee50
EU +80+2+50. I have been waiting to see if any one else would be posting a chart, but it appears not!!so here is mine for the day. When the bureaucrats and politicians are moving the market just look at S&R for your targets Blue = Interim short term. Red = Major importance OR 23-25 pips to first BRN 73-75 pips to next BRN OH work it out for your selves, I see at least 4 -5 minor trades good for 15 -20 pips each and a couple of Major trades {image}
not much time to post charts in this period,
I'm sorry to leave you alone ...
I would have also a few questions for you.. but I reserve for quieter periods.

Meanwhile,
thanks anyway to continue to enter 'food for thought' in this small trading corner...
nescentia necat
  • #1,898
  • May 20, 2015 2:24am May 20, 2015 2:24am
eu 4H
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nescentia necat
  • #1,899
  • May 20, 2015 2:55am May 20, 2015 2:55am
Quoting Batavier
Love these renko charts. Exit at my bull target on the dot {image}
I am intrigued by your version of the Fib Extension, I have not seen it before, could you give us a brief synopsis of it, e.g Philosophy behind it, what the various Targets are based on.
Much appreciated
And thanks for posting, I was wondering who was moving the Asian session and I can see it is all down to you.
Cut your Losers short and let your Winners run.
  • #1,900
  • May 20, 2015 4:22am May 20, 2015 4:22am
4 Hour chart. Keep an eye on the Pin bar +divergence + Dbl btm + S&R. I would be happier if it was a Green not Red Pin Bar, also keep an ear open for the Politicians and Bureaucrats. A strong Dollar is a killer for the Americans but manna from heaven for the Europeans, this puts their strategies in direct conflict with each other. We are a long long way from being out of the crisis, and that applies to every country regardless of what the "Numbers" say!
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Cut your Losers short and let your Winners run.
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