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More simple is impossible

  • #2,041
  • Jun 3, 2015 1:04pm Jun 3, 2015 1:04pm
Quoting ilambat
Dee / Jacquemate, How do you set your charts up like that? Thanks.
Look in the attachments section!! it should be the first place that any one looks BEFORE asking questions or requesting indicators.
Cut your Losers short and let your Winners run.
  • #2,042
  • Jun 3, 2015 9:41pm Jun 3, 2015 9:41pm
To Quote Dee " 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?"

Couldn't agree more. AUD had some very bad figures come out today in the Asian session. So sad for my country. Soooooo good for my account.
Next trade please I don't have enough to retire yet.
Just trade the pullback you idiot!
  • #2,043
  • Edited 3:08am Jun 4, 2015 2:54am | Edited 3:08am
I must say that when you get right with the DAX, profit (in my case fake 'couse on demo) is really large compared to the margin required to open the position. sweet!
I found some problems with slippage with orders. it's almost like when you place orders on the news ... but maybe fxcm broker
not very pleasant start with a -50pip, then recovered quickly ... but I'm not used to!

thinking back to the 123 'turbo'.
Imho
I think the formation that we saw on eu, being made up of 24 bars on 4H (so they thought well!) denotes a very strong accumulation phase, a 'struggle' in that situation.
so I can only think that more training time the pattern is long and difficult, denoting a bull bear fight, as the outcome will be large in a short time.
while a 'stop and go' could have a more modest respect to time.
it's just a thought, nothing more. I explore in the future with a more careful eye to this feature ..

ger30 4H
breaking trendline
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now on support
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we should analyze the bund state?
nescentia necat
  • #2,044
  • Jun 4, 2015 3:20am Jun 4, 2015 3:20am
Been keeping an eye on this thread (I stalk Dee!) but not been using Renko as machine slows down drastically. But Dax looked too interesting. Gave it a go. Good pipping today: +77, +158. TP filled whilst I went to make coffee! Gonna go out and walk off the buzz from such a quick profit now....

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  • #2,045
  • Jun 4, 2015 3:52am Jun 4, 2015 3:52am
out eu +30 gu +18 ej +11
looking at dax I lost the big part of the movement!
nescentia necat
  • #2,046
  • Jun 4, 2015 5:05am Jun 4, 2015 5:05am
out gu +20+4
setup 4H
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nescentia necat
  • #2,047
  • Jun 4, 2015 5:24am Jun 4, 2015 5:24am
DE30 +139. Breakout Trade. Price failed several times to close above a descending trendline, eventually broke downwards. used a HTF 123 for target, I have been finding that DAX is quite good at running to the 161.8% and the 200% Exts and it does behave as expected at the BRNs.
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Cut your Losers short and let your Winners run.
  • #2,048
  • Jun 4, 2015 5:28am Jun 4, 2015 5:28am
EU. +56. Just to show you that I can still trade the EU here is one especially for you. Again same as DAX a simple BPC, price broke up thru yesterdays high pulled back and continued, my initial target was up at the 161.8% but this was an extension of yesterdays low to high so I was not confident of price actually reaching there so I trailed the sl close,eventually getting taken out at consolidation.
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Cut your Losers short and let your Winners run.
  • #2,049
  • Jun 4, 2015 5:36am Jun 4, 2015 5:36am
Quoting mact4
Been keeping an eye on this thread (I stalk Dee!) but not been using Renko as machine slows down drastically. But Dax looked too interesting. Gave it a go. Good pipping today: +77, +158. TP filled whilst I went to make coffee! Gonna go out and walk off the buzz from such a quick profit now.... {image}
The DAX is addictive, so be carefull, it all happens so quickly that you feel you have time for at least another 10 trades before the next coffee break. I have had to go for a walk just to stop myself from trading. The only thing, as several others have mentioned, a SL is essential, the DAX turns round and whips your pants down with out warning and whats worse, with no lubrication.

Nice to see you again and congrats on the pips
Cut your Losers short and let your Winners run.
  • #2,050
  • Jun 4, 2015 5:50am Jun 4, 2015 5:50am
Quoting friska
I must say that when you get right with the DAX, profit (in my case fake 'couse on demo) is really large compared to the margin required to open the position. sweet! I found some problems with slippage with orders. it's almost like when you place orders on the news ... but maybe fxcm broker
I think it is less to do with slippage and the broker but more to do with the speed that price can move, 10 points in a split second is faster than most internet connections.

Just for interest. Have a look at "Islander's" DAX trades on the Carpe diem: Intraday tactics for Dax and Dow - Page 466 @ Forex Factory thread, he has been trading DAX for over a year now and even uses a Universal EA for auto trading the DAX and from what I can see very sucessfully.
Cut your Losers short and let your Winners run.
  • #2,051
  • Jun 4, 2015 6:23am Jun 4, 2015 6:23am
A little gem from "islander"

DPS is the only way to go...Discipline, Patience and a SYSTEM are the pre-requisites for Profitable Trading as we both know from hard won experience.
Cut your Losers short and let your Winners run.
  • #2,052
  • Jun 4, 2015 8:07am Jun 4, 2015 8:07am
Quoting dee50
{quote} I think it is less to do with slippage and the broker but more to do with the speed that price can move, 10 points in a split second is faster than most internet connections. Just for interest. Have a look at "Islander's" DAX trades on the Carpe diem: Intraday tactics for Dax and Dow - Page 466 @ Forex Factory thread, he has been trading DAX for over a year now and even uses a Universal EA for auto trading the DAX and from what I can see very sucessfully.

thx
i will read the 3d trying to learn more

EA does not seem to work with the standard settings, and still with all flagged, after I will look better.
smile face but no position opened. also changing trading hours parameter.
I downloaded other indicators to see if there was something necessary but I do not see the results for now.
nescentia necat
  • #2,053
  • Jun 4, 2015 8:56am Jun 4, 2015 8:56am
Quoting friska
{quote} thx i will read the 3d trying to learn more EA does not seem to work with the standard settings, and still with all flagged, after I will look better. smile face but no position opened. also changing trading hours parameter. I downloaded other indicators to see if there was something necessary but I do not see the results for now.
I will have a look at it and see what is what. I don't use them normally.
Cut your Losers short and let your Winners run.
  • #2,054
  • Jun 4, 2015 9:02am Jun 4, 2015 9:02am
DE30 +37 -3 +33 +58. While it was quiet I worked out what settings to use for the Trade Manager. 1st trade nothing moved so I had to trade manually. 2nd trade I have no idea but -3 I can live with. 3rd trade I got it right. 4th trade just to make sure that every thing did work.

Don't you just love the DAX, even playing with the TM you can make pips.

Oh just for a laugh I put the HGI indicator on the chart and bugger me if it doesn't work just fine.
So don't all ask what the Big Arrows are, it is the HGI Indicator.
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Cut your Losers short and let your Winners run.
  • #2,055
  • Jun 4, 2015 9:09am Jun 4, 2015 9:09am
Might be an idea if I told you what the settings are for the TM.

For a 20 pip (point) stop loss, setting is 2000.00
For a 50 pip (point) Take Profit, setting is 5000.00

Get the idea, for brokers with the 2 decimal points use the above setting, for brokers with out the 2 decimals (go figure??) use the standard settings.
Cut your Losers short and let your Winners run.
  • #2,056
  • Jun 4, 2015 9:24am Jun 4, 2015 9:24am
ger30 bounced well on support,
dax respects enough levels more obvious. (post# 2043)
then where they hide pro levels??

if they were real money ...
ahhhhhrrrrgrg
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nescentia necat
  • #2,057
  • Jun 4, 2015 9:28am Jun 4, 2015 9:28am
Quoting dee50
{quote} I will have a look at it and see what is what. I don't use them normally.

normally I do not really like EA ... but if they work ...
less stress...
nescentia necat
  • #2,058
  • Jun 4, 2015 9:40am Jun 4, 2015 9:40am
DE30. +2 +50. just to finish the day off. Now I am going to water my vegetables.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #2,059
  • Jun 4, 2015 9:47am Jun 4, 2015 9:47am
Quoting friska
{quote} normally I do not really like EA ... but if they work ... less stress...
Put a 10 ema and an 80 ema on the chart, where they cross is where it is supposed to trade also make sure ECN broker is set to true if you have an ECN broker which I would assume FXCM are. Islander trades off a 1min chart not a Renko chart. maybe now it will work
Cut your Losers short and let your Winners run.
  • #2,060
  • Jun 4, 2015 10:13am Jun 4, 2015 10:13am
Quoting dee50
{quote} Put a 10 ema and an 80 ema on the chart, where they cross is where it is supposed to trade also make sure ECN broker is set to true if you have an ECN broker which I would assume FXCM are. Islander trades off a 1min chart not a Renko chart. maybe now it will work
thanks a lot!
nescentia necat
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