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  • #2,021
  • Jun 2, 2015 9:57am Jun 2, 2015 9:57am
Quoting Ian
{quote} Excellent, have you stopped using the HA candles?
Yes. I wanted to see the wicks and how the Bars formed, tells me a great deal more than a HA.
Cut your Losers short and let your Winners run.
  • #2,022
  • Jun 2, 2015 10:15am Jun 2, 2015 10:15am
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}
Hello Dee, impresive trading on the DAX. Could you possibly explain your reasons for entering especially the last +80 trade.

Also could you tell me what your EMA settings are?

Thankyou
  • #2,023
  • Jun 3, 2015 1:53am Jun 3, 2015 1:53am
Quoting amfx
{quote} Hello Dee, impresive trading on the DAX. Could you possibly explain your reasons for entering especially the last +80 trade. Also could you tell me what your EMA settings are? Thankyou
Can not give you any great insights because at the moment I am just feeling my way. But basically decided I was only looking for shorts and went short on every swing point as the chart clearly shows.

EMA settings are 150, 50 & 5 shift +2 same as usual.
Cut your Losers short and let your Winners run.
  • #2,024
  • Jun 3, 2015 2:19am Jun 3, 2015 2:19am
DE30. +40 +90 +38. Thats it for today, I am not going to bother with ADP, although, IMO, Draghi will talk the EU down as he does every time, even though he has nothing new to add to previous statements.

I really do not understand all the fuss about Greece, if they default, who cares, the banks exposed to that will be bailed out by the ECB who will just print more imaginary digital money to cover the losses, it is not even real money, infact Monopoly money is more tangible, if Greece leaves the Euro, who cares, the only ones to suffer will be the Greek people, it is they who I feel sorry for.

As a trader the only interest I have in the situation is can I interpret the resulting chaos enough to make money from it, a mercenary attitude, yes, but the reality is that both Greece and the Euro zone will continue on regardless of the outcome, so what is all the fuss about?

OOPs sorry about that, I shall put my Orange box away, every now and then it sneaks out from the dark corner where I put it, and gets under my feet.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #2,025
  • Jun 3, 2015 5:17am Jun 3, 2015 5:17am
DE30 +96. One more for the pot. Perfect 123 formed on 10 pip Renko took an entry off the 5 pip renko, then monitored it on the 10 pip Renko. if the 123 did not work out it was likely to stop at the S&R level above which would still give me 30 points, infact PA did stall there for some time and if I had been monitoring the 5 pip I would probably have closed for the 30, i realized on my back testing, limited as it was, that the 5 pip renko on the DE30 was quite noisy, which is why I opted for the 10 pip chart as my main chart for DE30.

The TP was confluence of the 123s 161.8 exp and yesterdays high although price did push up a bit further to the BRN above.

One other thing to note, I do not know why but there are less divergences appearing on the DE30 than there are on the EU, so if you are waiting for a divergence to confirm an entry you will have significantly less trades.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #2,026
  • Edited 7:21am Jun 3, 2015 7:03am | Edited 7:21am
EU +27 news. +110 rebound.
AAAHH the Euro is going down it is a sinking ship. Yep if you turn your monitor upside down the Euro is sinking like a stone.

So I went short after the initial pullback, because that is what I was expected to do, BUT it went nowhere in fact it started coming back up, so I did the sensible thing and got out. The next thing was a stroke of Trading Genius, after analysing all the technical aspects, in a micro second, I decided that if I could not make any pips going short then I would try going long. After that it was just a case of moving TP out of the way and trailing the sl until we got to a Major level.

Seriously I would not have expected this reaction, it was a genuine WTF moment.

EDIT. Insanity Prevails price has gone up another 50 pips in just 30 mins, bottom to top is 192 pips so far, what on earth did Draghi say?? I must have gone deaf and missed that bit of really really good news.

I know. He announced that the good ship "Euranus" that all we europeans are currently sailing in is being replaced by a new super dooper unsinkable ship that will be called "Titanicus"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU +27 news +110 rebound 30615.png Size: 41 KB
Click to Enlarge Name: EURUSDH4 30615.png Size: 58 KB
Cut your Losers short and let your Winners run.
  • #2,027
  • Edited 7:44am Jun 3, 2015 7:33am | Edited 7:44am
hi mates!

ej +80+40+20
eu +50
eg +48
ongoing!

eu4H
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a good return from vacation!
Mariuccio had the green tie this time!!

I see that here came the dax in the family,
with dee a little distracted by the EU, remains some pips more to us!

I opened a fxcm demo account to see this ger30.
but look eu and look dax is like watching a cartoon of Wile E. Coyote and the Road Runner ...
a little time to understand the instrument yet
otherwise it can do harm!
nescentia necat
  • #2,028
  • Jun 3, 2015 7:46am Jun 3, 2015 7:46am
dee,
really impressive your ger30 control.
for me, science fiction ...

a giant!
nescentia necat
  • #2,029
  • Jun 3, 2015 7:50am Jun 3, 2015 7:50am
dax first impression ..
does anyone know if it has any correlation?

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nescentia necat
  • #2,030
  • Jun 3, 2015 8:03am Jun 3, 2015 8:03am
Quoting friska
hi mates! ej +80+40+20 eu +50 eg +48 ongoing! eu4H {image} {image} a good return from vacation! Mariuccio had the green tie this time!! I see that here came the dax in the family, with dee a little distracted by the EU, remains some pips more to us! I opened a fxcm demo account to see this ger30. but look eu and look dax is like watching a cartoon of Wile E. Coyote and the Road Runner ... a little time to understand the instrument yet otherwise it can do harm!
Welcome back, we missed your longer term analysis.
You left me no alternative, I had to find another instrument to trade because you were taking more and more pips from the EU pair, i have to thank "Pipking-tr" and "Coconu" for showing me the way to the DAX.

You are very sensible not to jump in blindly with the DAX, it is more volatile and the rewards can be greater but also so can the losses, I have a distinct advantage over the rest of you in that I have traded the Indexes early on in my career using tick charts so I am familiar with fast moving instruments.

Your Pip Pile is growing
Attached Image
Cut your Losers short and let your Winners run.
  • #2,031
  • Jun 3, 2015 8:04am Jun 3, 2015 8:04am
Quoting friska
dax first impression .. does anyone know if it has any correlation? {image}
EU negative correlation.
Cut your Losers short and let your Winners run.
  • #2,032
  • Jun 3, 2015 8:07am Jun 3, 2015 8:07am
Quoting friska
dee, really impressive your ger30 control. for me, science fiction ... a giant!
I am out of control, I nearly placed another trade today it took all my will power to resist.
Cut your Losers short and let your Winners run.
  • #2,033
  • Jun 3, 2015 8:12am Jun 3, 2015 8:12am
Quoting dee50
{quote} I am out of control, I nearly placed another trade today it took all my will power to resist.
hahaha,
I know this feeling!


eu negative correlation..
interesting combo..
thanks!
nescentia necat
  • #2,034
  • Jun 3, 2015 8:13am Jun 3, 2015 8:13am
dxy 4H,
on support
if anybody cares..
Attached Image (click to enlarge)
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i'm out
eu+56
eg+60
holding ej +94+61+40
nescentia necat
  • #2,035
  • Jun 3, 2015 8:17am Jun 3, 2015 8:17am
Quoting friska
!
Is there any way of identifying that 123 "Turbo" Pattern as it forms?
Cut your Losers short and let your Winners run.
  • #2,036
  • Jun 3, 2015 8:20am Jun 3, 2015 8:20am
Quoting friska
i'm out eu+56 eg+60 holding ej +94+61+40
And they just keep rolling in, if only every day was like this
Cut your Losers short and let your Winners run.
  • #2,037
  • Edited 9:07am Jun 3, 2015 8:23am | Edited 9:07am
Quoting dee50
{quote} Welcome back, we missed your longer term analysis. You left me no alternative, I had to find another instrument to trade because you were taking more and more pips from the EU pair, i have to thank "Pipking-tr" and "Coconu" for showing me the way to the DAX. You are very sensible not to jump in blindly with the DAX, it is more volatile and the rewards can be greater but also so can the losses, I have a distinct advantage over the rest of you in that I have traded the Indexes early on in my career using tick charts so I am familiar with fast...

hahaha
always joking!

dax.
It is really fast, and then really slow on consolidation, and again fast...
first with renko 100p, then 200, but I can not even find a process that it suits me.
I try to draw triangles, flags, HH and LL... but it always denies the process.
an interesting instrument, no doubt about it
nescentia necat
  • #2,038
  • Edited 9:08am Jun 3, 2015 8:28am | Edited 9:08am
Quoting dee50
{quote} Is there any way of identifying that 123 "Turbo" Pattern as it forms?

...a brazen luck, in my case...
and i miss that move!
nescentia necat
  • #2,039
  • Jun 3, 2015 9:30am Jun 3, 2015 9:30am
Dee / Jacquemate,

How do you set your charts up like that?

Thanks.
  • #2,040
  • Jun 3, 2015 10:46am Jun 3, 2015 10:46am
Ah if only newbies would bother to read the whole thread properly and learn from the myriad of information provided.
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