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  • #2,141
  • Jun 17, 2015 9:13am Jun 17, 2015 9:13am
Im trying to do a setup of HA strategy
One post Jaquemate mentioned,

"Dont trade when Daily Range > Average Daily Range"

But in the photo Jaquemate uploaded below:
http://www.forexfactory.com/attachme...8&d=1416421839


In the left upper corner of the photo,
Current Daily Range is 107 and Average Daily Range is 939,
so Average Daily Range is larger than current daily range, right?

While Jaquemate said dont trade at that period, did i misunderstood things?

Wholehearted thanks..
Wholehearted thanks!
  • #2,142
  • Jun 17, 2015 11:17am Jun 17, 2015 11:17am
I think you'll find that 939 is 93.9
  • #2,143
  • Jun 17, 2015 11:37am Jun 17, 2015 11:37am
DE30 B/E +54 ongoing. Just 5 pips away from getting 147 pips, the temptation to close is ENORMOUS, especially as I need a Pee, and the thought is there that the DAX can pullback 50 pips in the blink of an eye, but the way to make profits is not to interfere with the trade unless conditions dictate otherwise.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 BE+54 ongoing.png Size: 49 KB
Cut your Losers short and let your Winners run.
  • #2,144
  • Jun 17, 2015 11:56am Jun 17, 2015 11:56am
DE30 +148 There you go left it alone and TP hit.

I am in the process of trying out a Pivot indi to see how the DAX reacts at Pivots, that is what you can see on the chart as well as a Daily Candle on the far right. It is not some thing I have decided to use I am just trying it out.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +148 170615.png Size: 49 KB
Cut your Losers short and let your Winners run.
  • #2,145
  • Jun 17, 2015 6:11pm Jun 17, 2015 6:11pm
Quoting handy148
I think you'll find that 939 is 93.9
Got it ! thanks !
  • #2,146
  • Jun 18, 2015 3:40am Jun 18, 2015 3:40am
DE30 B/E +ongoing. First one of the day, I think I need to increase my trade size because price moved down 90 pips from my entry and I am not able to take a partial with this broker and I do not want to move sl until there has been a defined pullback so I could be giving back a lot of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 BE +ongoing 180615.png Size: 48 KB
Cut your Losers short and let your Winners run.
  • #2,147
  • Jun 18, 2015 5:42am Jun 18, 2015 5:42am
DE30. +132 +63. The first trade worked out just fine and ended with a LTF Div which reversed and developed into a 123 at the BRN, never one to look a gift horse in the mouth, just out of curiosity, does that mean if some one gives you a horse for nothing you should not check it's mouth to see how old it is and find out if you are going to have 1,000s of euros of vets bills??
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +132 +63 180615.png Size: 51 KB
Cut your Losers short and let your Winners run.
  • #2,148
  • Jun 18, 2015 6:55am Jun 18, 2015 6:55am
DE30. +75. 1 more for the pot. Triple Top + Div, this time a less ambitious TP confluence 61.8% Retr + Y low & D open, also we are into the doldrums so I would not expect a significant move further down.

Now here is some thing peculiar, I have added another pivot indi to try and this one places the pivots at "Different Levels" and yet looking at the code both profess to use the same calculation method, Go Figure??
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +75 180615.png Size: 50 KB
Cut your Losers short and let your Winners run.
  • #2,149
  • Jun 18, 2015 7:02am Jun 18, 2015 7:02am
Hi Dee,

Got stopped out of this Dax trade trade for a +1, I know I have asked about this before but could you possibly expand your thinking on when exactly to place a trade, I am finding that confirming the top or bottom of a range by waiting for the next candle to confirm the change in direction is getting me stopped out too often. I noticed that you entry is much earlier than mine, do you use any additional criteria before pulling the trigger?

Any help gratefully received

Cheers...Des
  • #2,150
  • Jun 18, 2015 8:12am Jun 18, 2015 8:12am
Quoting des_b
Hi Dee, Got stopped out of this Dax trade trade for a +1, I know I have asked about this before but could you possibly expand your thinking on when exactly to place a trade, I am finding that confirming the top or bottom of a range by waiting for the next candle to confirm the change in direction is getting me stopped out too often. I noticed that you entry is much earlier than mine, do you use any additional criteria before pulling the trigger? Any help gratefully received Cheers...Des
Show me your chart so I can see what you did.
Cut your Losers short and let your Winners run.
  • #2,151
  • Jun 18, 2015 8:36am Jun 18, 2015 8:36am
Hi Dee,
Apologies I should really have attached the chart to let you see what I was on about.

Cheers...Des

ps:: I am using pepperstone as a broker and they refer to the DAX as GER30
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2.png Size: 48 KB
  • #2,152
  • Jun 18, 2015 9:57am Jun 18, 2015 9:57am
Quoting des_b
Hi Dee, Apologies I should really have attached the chart to let you see what I was on about. Cheers...Des ps:: I am using pepperstone as a broker and they refer to the DAX as GER30 {image}
The answer is (drum roll) Nothing clever, I am just using the 5 pip chart for entries because I found, like you, that the 10 pip chart entries were late for example the difference between my entry and yours is approx 30 pips (attached)
I have also modified my B/E strategy, the DAX will come back and retest a prior support/resistance so I am not moving to B/E until that move has happened that is why you have not seen the TM on the chart for the last few days I am managing the trades manually.
Just look back at the charts you will see that although the DAX is more volatile, it is a creature of habit and it repeats it's actions time and time again. I luv it, it is actually predictable.
Attached Image (click to enlarge)
Click to Enlarge Name: 5 pip renko entry.png Size: 60 KB
Cut your Losers short and let your Winners run.
  • #2,153
  • Jun 18, 2015 10:14am Jun 18, 2015 10:14am
Thanks Dee,

I appreciate the help, I am automatically setting BreakEven at 5 Pips, think I will try and manage these manually like yourself to see if that helps me reduce the no of trades getting stopped out.

Cheers...Des

ps:: Just to confirm are you taking signals from the 10 pip but dropping down to the 5 pip for entry?
  • #2,154
  • Jun 18, 2015 10:20am Jun 18, 2015 10:20am
Quoting des_b
Thanks Dee, I appreciate the help, I am automatically setting BreakEven at 5 Pips, think I will try and manage these manually like yourself to see if that helps me reduce the no of trades getting stopped out. Cheers...Des ps:: Just to confirm are you taking signals from the 10 pip but dropping down to the 5 pip for entry?
Yes. Then I go back to the 10 pip to monitor for B/E and trailing.

Sorry, I thought I had said that I was no longer using the 5 pip B/E strategy on DAX.
Cut your Losers short and let your Winners run.
  • #2,155
  • Jun 19, 2015 9:13am Jun 19, 2015 9:13am
DE30. +50 +50. Another wasted day, I hate this every week 1 day to tell me what I already know, I am still alive!
Anyway just got back and opened the platform to see a strong down trend with a small pullback, just above a BRN but the S&R level 50 pips lower. You have to, don't you, so I did. I experienced my first real slippage on the second lot but also I noticed that the spread has widened by 1 it is now 2 pips, a quick look around and this is apparently because of yesterdays run, why??

Where the hell are you all, perfect trading conditions and yet it has been 22 hrs since the last post, and that was mine, I have an excuse, what is yours?
What are you all so frightened of? You can't all be sitting there just watching the price line go up and down some body must have pressed the BUY or SELL button at least once.

If you are having difficulties, then ask for help, I may not be polite but I will try and help.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +50 +50 190615.png Size: 50 KB
Cut your Losers short and let your Winners run.
  • #2,156
  • Jun 19, 2015 9:40am Jun 19, 2015 9:40am
Quoting dee50
DE30. +50 +50. Another wasted day, I hate this every week 1 day to tell me what I already know, I am still alive! Anyway just got back and opened the platform to see a strong down trend with a small pullback, just above a BRN but the S&R level 50 pips lower. You have to, don't you, so I did. I experienced my first real slippage on the second lot but also I noticed that the spread has widened by 1 it is now 2 pips, a quick look around and this is apparently because of yesterdays run, why?? Where the hell are you all, perfect trading conditions...
Here's my penny's worth:

Shitty day yesterday but struck gold in the latter part - dumb luck but not complaining. Saw a 1-2-3. Entered long and had two TP. Set SL and left desk. It was evening time over here. First TP got hit but not second. Price was in steep retrace by the time I got back to desk. As second trade was at BE, figured I could see if I could claw back a few more pips on second trade. Finally closed for +255 and +258. Took another long at FO for +80. Today's short - exited too early. don't know why. Twitchy finger syndrome.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
  • #2,157
  • Jun 19, 2015 9:53am Jun 19, 2015 9:53am
Quoting mact4
{quote} Here's my penny's worth: Shitty day yesterday but struck gold in the latter part - dumb luck but not complaining. Saw a 1-2-3. Entered long and had two TP. Set SL and left desk. It was evening time over here. First TP got hit but not second. Price was in steep retrace by the time I got back to desk. As second trade was at BE, figured I could see if I could claw back a few more pips on second trade. Finally closed for +255 and +258. Took another long at FO for +80. Today's short - exited too early. don't know why. Twitchy finger syndrome....
. All the Gods were with you, it only takes 1 of those moody buggers (gods) to be having another off day and every thing goes to pot, but when they are all with you, WhoooEEE!!
Cut your Losers short and let your Winners run.
  • #2,158
  • Jun 19, 2015 9:53am Jun 19, 2015 9:53am
Hi Dee , ma 2 trades , what do you think about my 1 entry? I waited for the break and went in after analysis to state that I played against the trend (M15 second screen), ask for your opinion. thx
PS
Your results are amazing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-06-19_164509.png Size: 37 KB
Click to Enlarge Name: 2015-06-19_165010.png Size: 20 KB
  • #2,159
  • Jun 19, 2015 9:55am Jun 19, 2015 9:55am
Quoting dee50
DE30. +50 +50. Another wasted day, I hate this every week 1 day to tell me what I already know, I am still alive! Anyway just got back and opened the platform to see a strong down trend with a small pullback, just above a BRN but the S&R level 50 pips lower. You have to, don't you, so I did. I experienced my first real slippage on the second lot but also I noticed that the spread has widened by 1 it is now 2 pips, a quick look around and this is apparently because of yesterdays run, why?? Where the hell are you all, perfect trading conditions...
the only time i make money with Forex is when i trade the dee50 way...no more to add. Thanks a lot for Your posting
  • #2,160
  • Jun 19, 2015 9:56am Jun 19, 2015 9:56am
Hi Folks,

Still on demo as not consistent enough yet for real money but soon I hope !!!!, anyway today managed a short from a bounce from a BRN with Div. Managed to get in early enough this time to not get stopped at +1. However I did bottle it and closed the trade way too early and left lots on the table. Please feel free to comment/criticise the trade as I am always keen to try and learn from others experience.

Cheers...Des
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2.png Size: 36 KB
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