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More simple is impossible

  • #2,121
  • Jun 15, 2015 10:26am Jun 15, 2015 10:26am
DE30 +40. I did not jump into this one at the Dbl Btm, i was cautious and wanted it to break the BRN and pullback before I entered even then I went for a quick 40 as this was clearly CT.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #2,122
  • Jun 15, 2015 10:54am Jun 15, 2015 10:54am
Quoting Turbobzik
Hello everyone, I'm new here and I wanted to ask, there is some indi of alarm how to create a new candle? ps. What do you think about my chart ? thx !!! {image}
There is one in the attachments section, page 5 I think.
Cut your Losers short and let your Winners run.
  • #2,123
  • Jun 16, 2015 5:52am Jun 16, 2015 5:52am
Quoting dee50
{quote} There is one in the attachments section, page 5 I think.
Thanks dee, already found
  • #2,124
  • Jun 16, 2015 6:04am Jun 16, 2015 6:04am
DE30 +115. +3. First trade was obvious. 2nd trade less so, but if you look at the stochs you will see a little pullback and then a continuation up, the pullback to the 50 denotes strong upward momentum combine this with the price pulling back to the BRN and you have a trade. Unfortunately I was too eager to get to B/E and got too close to the price and my SL got hit for just +3. There will be another one.

I have been finding the information from Investing.com quite useful particularly as you can compare signals from multiple indicators and multiple MAs across multiple time frames, all on 1 page, nice.

http://www.investing.com/indices/ger...cal?period=900
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DE30 +115 160615.png Size: 60 KB
Click to Enlarge Name: investing.com DAX.png Size: 72 KB
Cut your Losers short and let your Winners run.
  • #2,125
  • Jun 16, 2015 7:24am Jun 16, 2015 7:24am
eu 4h
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-06-16 alle 02.23.29 PM.png Size: 70 KB
nescentia necat
  • #2,126
  • Jun 16, 2015 7:49am Jun 16, 2015 7:49am
DE30 +60. Rather annoyingly, I missed the first entry into this move because I was busy posting, but as it turned out I got a second chance which was actually a much better entry because we had the Breakout to the 50% then the Pullback to the 38%, good confirmation of a move up.

just want to mention Divergence on the DAX, as you can see there were a number of divergences on the way up any one of them could have made me exit prematurely except I have noticed that Divergence + a significant other, S&R, BRN Fibo are the only ones to take notice of.

That I think is all for me for today.

BTW, you can also use Investing.com for the EU pair as well, just remember that the site is for ETFs and CFDs so there will be a lag in the data displayed.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +60 160615.png Size: 65 KB
Cut your Losers short and let your Winners run.
  • #2,127
  • Jun 16, 2015 1:00pm Jun 16, 2015 1:00pm
Thanks Dee as well as the other contributors to this thread, I have learned more from this thread in the last couple of months than I have in the last couple of years, please keep up the good work

Cheers...Des
  • #2,128
  • Jun 16, 2015 1:19pm Jun 16, 2015 1:19pm
Quoting des_b
Thanks Dee as well as the other contributors to this thread, I have learned more from this thread in the last couple of months than I have in the last couple of years, please keep up the good work Cheers...Des

I echo the thanks...
equally important for me
nice post des
nescentia necat
  • #2,129
  • Jun 17, 2015 3:07am Jun 17, 2015 3:07am
Dax: 3 trades at BE. Took a short at the bottom of the gap in price with a very small SL as price looks in longer term Sell. Also, if the Dax is to close this gap, would expect it to take a couple of tries, plus, price is at the 'extended' arm of the up move. Should have exited for +30 and reentered. My Exit strategy still needs work.
Attached Image (click to enlarge)
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  • #2,130
  • Jun 17, 2015 4:02am Jun 17, 2015 4:02am
gm all,
csm morning situation,
aud nzd weak
gbp strong (with news)

situation ongoing
au +20 ga +10 (stopped out first pos.)

au 4H setup
Attached Image


ga 4H setup
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-06-17 alle 11.00.45 AM.png Size: 42 KB


closed this morning
with 4H setup and csm
eu gu au nu ga ea
Attached Image
nescentia necat
  • #2,131
  • Jun 17, 2015 5:03am Jun 17, 2015 5:03am
Quoting friska
gm all, csm morning situation, aud nzd weak gbp strong (with news) situation ongoing au +20 ga +10 (stopped out first pos.) au 4H setup {image} ga 4H setup {image} closed this morning with 4H setup and csm eu gu au nu ga ea {image}
Middle of the week and I'm a bit short of cash, as you have so much can you lend me a few cents for a cup of coffee??
Cut your Losers short and let your Winners run.
  • #2,132
  • Jun 17, 2015 5:08am Jun 17, 2015 5:08am
Quoting mact4
My Exit strategy still needs work.{image}
I wish I had your problem. My entry and B/E strategy need work, my exit strategy would be great provided I get into and stay in a trade long enough to need an exit strategy.
Cut your Losers short and let your Winners run.
  • #2,133
  • Jun 17, 2015 5:15am Jun 17, 2015 5:15am
Quoting dee50
{quote} I wish I had your problem. My entry and B/E strategy need work, my exit strategy would be great provided I get into and stay in a trade long enough to need an exit strategy.
Brilliant yet humble. What a guy!
  • #2,134
  • Jun 17, 2015 5:22am Jun 17, 2015 5:22am
DE30. +41 +100. first trade I was convinced that today it would run up and fill the Gap, it didn't. "Trade what you see not what you think"!!! Fortunately the DBl Top was a clear reversal signal so I managed to get out with some pips.
2nd Trade was a straight forward short, forget the Gap fill long, once you get an idea in your mind it can be difficult to let it go the consequence was I became anxious about a reversal all the way down to the confluence, the most obvious place for a reversal, 38% Retr, BRN and S&R + Divergence. I had let the market mess with my mind so instead of taking the Reversal back up off the Dbl Btm I procrastinated and talked my self out of the trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DE30+41 +100 170615.png Size: 61 KB
Click to Enlarge Name: DE30M2 170615.png Size: 47 KB
Cut your Losers short and let your Winners run.
  • #2,135
  • Jun 17, 2015 5:27am Jun 17, 2015 5:27am
ger 30 4H
there may be a bullish div
with a retest of brn 11000?

Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-06-17 alle 12.07.25 PM.png Size: 48 KB


Attached Image (click to enlarge)
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nescentia necat
  • #2,136
  • Jun 17, 2015 5:30am Jun 17, 2015 5:30am
Quoting dee50
DE30. +41 +100. first trade I was convinced that today it would run up and fill the Gap, it didn't. "Trade what you see not what you think"!!! Fortunately the DBl Top was a clear reversal signal so I managed to get out with some pips. 2nd Trade was a straight forward short, forget the Gap fill long, once you get an idea in your mind it can be difficult to let it go the consequence was I became anxious about a reversal all the way down to the confluence, the most obvious place for a reversal, 38% Retr, BRN and S&R + Divergence. I had let the market...
hehehe
want my coffee back!
nescentia necat
  • #2,137
  • Jun 17, 2015 5:36am Jun 17, 2015 5:36am
Quoting friska
{quote} hehehe want my coffee back!
I have put the kettle on for a coffee, I need to get away from the charts for a while and reset my mind, I will drink one for you, mind you it is decaffeinated the last thing I need is to be hyped up on caffeine
Cut your Losers short and let your Winners run.
  • #2,138
  • Jun 17, 2015 5:43am Jun 17, 2015 5:43am
Quoting friska
ger 30 4H there may be a bullish div with a retest of brn 11000? {image} {image}
Could be, but we are in consolidation time 12.00 mid day CET to 14.30 pm CET lunch break. i tend to stay out other wise you could end up fighting the consolidation, if you are in the right frame of mind this period can be Cycle Traded for 10 - 15 pips each cycle because the DAX has a definite consolidation range of about 30 pips.

Now that I have said this the opposite will happen
Cut your Losers short and let your Winners run.
  • #2,139
  • Jun 17, 2015 6:48am Jun 17, 2015 6:48am
DE30 +62. Don't do as I say, do as I do this is why I never took a job as a reporter on CNBC.
Price had been stepping down the Fibo so a short was the only option I was only looking for a Pullback to the BRN but then another draft of hot air from the Greek situation dropped the price so quickly I only just managed to move my TP down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DE30 +62 170615.png Size: 62 KB
Click to Enlarge Name: DE30 10 pip chart 170615.png Size: 48 KB
Cut your Losers short and let your Winners run.
  • #2,140
  • Edited 10:30am Jun 17, 2015 8:30am | Edited 10:30am
Took a couple of longs at the 50 fib with diversion on LTF. Figured there was space to get to BE as Dax has a tendency to step between the fib levels. As price has broken out of the channel, it may go further? Will gap be filled today?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 168 KB


Looks like that's not going to happen today! +22 , +34. There was slippage but my exit was still terrible.
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