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More simple is impossible

  • #2,001
  • Jun 1, 2015 5:50am Jun 1, 2015 5:50am
EU +52 I'm back
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  • #2,002
  • Jun 1, 2015 7:37am Jun 1, 2015 7:37am
DE30. +96 +29. A couple more. i am not going to push my luck any further, i am calling it a day. It is like the DAX was made for RENKO bars or vice versa, it is so easy to trade, the only thing is that price jumps up and down within the range of each bar (30 points) now that can be a little disconcerting but once you get to B/E the pressure is off.

I was a bit greedy on the last trade I was going for 50 points, instead of reusing my prior TP at the 161.8% but a Dbl Btm with divergence warned me of the turn and I got out.

CU 2morow
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Cut your Losers short and let your Winners run.
  • #2,003
  • Jun 1, 2015 8:27am Jun 1, 2015 8:27am
EU DE30 (DAX) Comparison.

EU 10 pip Renko on the left. DE30 10 pip Renko on the right. just look at the difference between the two, why have I taken so long to look at the Dax. The turning points are clearly signalled just look at the bar formation at the swings and they repeat. look at the pip count for each leg.
Sorry, I am all excited, but I need to temper this until I get a chance to look back at a longer period of Renko charts than I am currently doing.

OK that really is all from me.
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Cut your Losers short and let your Winners run.
  • #2,004
  • Jun 1, 2015 8:40am Jun 1, 2015 8:40am
Dee,
Did you grab the run by EU downwards? i got +24..
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  • #2,005
  • Jun 1, 2015 8:51am Jun 1, 2015 8:51am
Quoting bluejack
Dee, Did you grab the run by EU downwards? i got +24.. {image}
Well done.

I am ashamed to say I did not even look at the EU today I was so ensconced with the "other one" that I did not even think to look, but I will 2morrow because they appear to be negatively correlated so I will be keeping an eye on both.
Cut your Losers short and let your Winners run.
  • #2,006
  • Jun 1, 2015 9:02am Jun 1, 2015 9:02am
Hi Dee,
Very nice trading..., how do you plan your exit with 5 pips Renko?, after one brick reverse in lower renko(3pips) or you set a Profit target?. Thanks

Quoting dee50
DE30. +96 +29. A couple more. i am not going to push my luck any further, i am calling it a day. It is like the DAX was made for RENKO bars or vice versa, it is so easy to trade, the only thing is that price jumps up and down within the range of each bar (30 points) now that can be a little disconcerting but once you get to B/E the pressure is off. I was a bit greedy on the last trade I was going for 50 points, instead of reusing my prior TP at the 161.8% but a Dbl Btm with divergence warned me of the turn and I got out. CU 2morow {image}
  • #2,007
  • Jun 1, 2015 9:07am Jun 1, 2015 9:07am
Quoting Aeb82
EU +52 I'm back {image}
Hi Aeb. And back with a Bang, +52 something to smile about
Cut your Losers short and let your Winners run.
  • #2,008
  • Jun 1, 2015 9:21am Jun 1, 2015 9:21am
Quoting Miche09
Hi Dee, Very nice trading..., how do you plan your exit with 5 pips Renko?, after one brick reverse in lower renko(3pips) or you set a Profit target?. Thanks {quote}
Read this then look for the 123 PDFs in the paper clip section. Add support and resistance levels and that is how I set my Profit Targets.

http://www.forexfactory.com/showthre...48#post8098248
Cut your Losers short and let your Winners run.
  • #2,009
  • Jun 1, 2015 9:59am Jun 1, 2015 9:59am
Quoting dee50
{quote} Hi Aeb. And back with a Bang, +52 something to smile about
I was upgrading my computer and changed system Windows7 and I had other cases to manage...
hehehe thanks Dee50 ...and another smaller Bang ... EU +14...

BTW ... I have some idea with EMA150 and Renko 3P ... but I will tell U about when it will be done.
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  • #2,010
  • Jun 1, 2015 1:17pm Jun 1, 2015 1:17pm
Quoting dee50
EU DE30 (DAX) Comparison. EU 10 pip Renko on the left. DE30 10 pip Renko on the right. just look at the difference between the two, why have I taken so long to look at the Dax. The turning points are clearly signalled just look at the bar formation at the swings and they repeat. look at the pip count for each leg. Sorry, I am all excited, but I need to temper this until I get a chance to look back at a longer period of Renko charts than I am currently doing. OK that really is all from me. {image}
Congrats Dee! your DAX trading is amazing!!!
in vino veritas!
  • #2,011
  • Jun 1, 2015 1:39pm Jun 1, 2015 1:39pm
MMM... sad how the world works... lol it's like this by design. WAKE UP people!!!!!!
  • #2,012
  • Jun 1, 2015 3:10pm Jun 1, 2015 3:10pm
Thank you so much dee, I will read the 123 pdf. Regards

Quoting dee50
{quote} Read this then look for the 123 PDFs in the paper clip section. Add support and resistance levels and that is how I set my Profit Targets. http://www.forexfactory.com/showthre...48#post8098248
  • #2,013
  • Jun 2, 2015 12:11am Jun 2, 2015 12:11am
Hey guys, what is min lot size on your DAX (Ger30)? I can not open nothing smaller than 1 lot...
  • #2,014
  • Jun 2, 2015 1:50am Jun 2, 2015 1:50am
Quoting BatmanXXL
Hey guys, what is min lot size on your DAX (Ger30)? I can not open nothing smaller than 1 lot...

@ FXCM (Mt 4) is 1 lot . but the margin reguired for 1 lot is 6 euros (60 euros for 10 lots )...so it's prety ok!
in vino veritas!
  • #2,015
  • Jun 2, 2015 7:24am Jun 2, 2015 7:24am
DE30 (DAX) +13+100+16+14+10+80. Because of the volatility on this instrument it is difficult to define a clear B/E policy or a trailing policy although that would appear to be, wait for the first clear pullback and pop the sl behind that. B/E is harder to establish as you can see from the middle of the session, however, no losers is what is important no matter how frustrating.

I did not trade EU again today but I hope you all had a good time.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #2,016
  • Jun 2, 2015 7:31am Jun 2, 2015 7:31am
Quoting dee50
DE30 (DAX) +13+100+16+14+10+80. Because of the volatility on this instrument it is difficult to define a clear B/E policy or a trailing policy although that would appear to be, wait for the first clear pullback and pop the sl behind that. B/E is harder to establish as you can see from the middle of the session, however, no losers is what is important no matter how frustrating. I did not trade EU again today but I hope you all had a good time. {image}
Continually impressive Dee50.
  • #2,017
  • Jun 2, 2015 7:31am Jun 2, 2015 7:31am
Quoting BatmanXXL
Hey guys, what is min lot size on your DAX (Ger30)? I can not open nothing smaller than 1 lot...
You are trading CFDs not the regular market, minimum size is 1 lot which does not mean much, point value is $1.11ish.
There is also no partial close of 1 lot.
Cut your Losers short and let your Winners run.
  • #2,018
  • Jun 2, 2015 7:58am Jun 2, 2015 7:58am
Quoting dee50
DE30 (DAX) +13+100+16+14+10+80. Because of the volatility on this instrument it is difficult to define a clear B/E policy or a trailing policy although that would appear to be, wait for the first clear pullback and pop the sl behind that. B/E is harder to establish as you can see from the middle of the session, however, no losers is what is important no matter how frustrating. I did not trade EU again today but I hope you all had a good time. {image}
indeed SL policy and BE is triky with DAX! today only SL and BE for me! maybe to much party in weekend ).
Attached Image (click to enlarge)
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in vino veritas!
  • #2,019
  • Jun 2, 2015 9:41am Jun 2, 2015 9:41am
4 HR 123. I hope some of you caught the EU action, if you had looked at the 4 hr chart, which I didn't, you would have seen the 123 take shape and confluence at the 200% Ext with a major S&R level. price stopped dead to the pip at the 200%. A small profit of 170 ish pips.

The only thing of course is that none of us expected the EU to rise because we have spent the last months listening to all the "experts" who have been telling us that the EU is going down, so how many traders today sat there going "WTF", and stayed out because this couldn't possibly be happening

Trade what you see, not what you think!!

If "Friska" had been around he would have warned us about what was going to happen:nerd:
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #2,020
  • Jun 2, 2015 9:43am Jun 2, 2015 9:43am
Quoting dee50
DE30 (DAX) +13+100+16+14+10+80. Because of the volatility on this instrument it is difficult to define a clear B/E policy or a trailing policy although that would appear to be, wait for the first clear pullback and pop the sl behind that. B/E is harder to establish as you can see from the middle of the session, however, no losers is what is important no matter how frustrating. I did not trade EU again today but I hope you all had a good time. {image}
Excellent, have you stopped using the HA candles?
Follow, don't anticipate.
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