Subrina - what you need to understand is that if you give 10 traders the holy grail for a day you will get 10 different results, including some losses.
- #2,242
- Jun 26, 2015 12:24pm Jun 26, 2015 12:24pm
I have just Farted, twice, to see if I could get the price to go down a bit quicker, the only reaction I got was from my wife who has left the room, so obviously I need a journalist in the area to report on it other wise nothing will happen
Subrina_FX,
Sounds like you want Dee to give you all his rules? Why? What does he owe you?
You sound quite frustrated that the rules are not clear............you are quite right, they're not. You have to do a bit of analysis yourself and come up with the entry rules that work for YOU. Exits that work for you.
Some days Dee swing trades other days scalps......what works for you? I don't like scalping...I like to take the meat out of the trend and move on. The entries are good and then I look at BRN and resistance levels to reduce my position. Dee uses this % deal which seems to work for him but I cannot gain consistency for me so I leave it alone. There must be good times to use it and others times not - I just haven't worked that piece of the puzzle out yet. I pull at least 15-20 pips per trade when Dee grabs 50-70 pips.....I leave those pips on the table for him - I'm that type of guy....
Just write some entry and exit rules down that let you consistently take pips and your account will grow. Don't worry about the big home runs that Dee keeps smashing.......just keep pulling those green pips and your account will keep growing and growing........those big pips will come along now and again.....the PA will just take your position 50 pips before you know it.....
Keep trying Subrina FX...........you'll get there!!
PM1
Sounds like you want Dee to give you all his rules? Why? What does he owe you?
You sound quite frustrated that the rules are not clear............you are quite right, they're not. You have to do a bit of analysis yourself and come up with the entry rules that work for YOU. Exits that work for you.
Some days Dee swing trades other days scalps......what works for you? I don't like scalping...I like to take the meat out of the trend and move on. The entries are good and then I look at BRN and resistance levels to reduce my position. Dee uses this % deal which seems to work for him but I cannot gain consistency for me so I leave it alone. There must be good times to use it and others times not - I just haven't worked that piece of the puzzle out yet. I pull at least 15-20 pips per trade when Dee grabs 50-70 pips.....I leave those pips on the table for him - I'm that type of guy....
Just write some entry and exit rules down that let you consistently take pips and your account will grow. Don't worry about the big home runs that Dee keeps smashing.......just keep pulling those green pips and your account will keep growing and growing........those big pips will come along now and again.....the PA will just take your position 50 pips before you know it.....
Keep trying Subrina FX...........you'll get there!!
PM1
Subrina_FX, Sounds like you want Dee to give you all his rules? Why? What does he owe you? You sound quite frustrated that the rules are not clear............you are quite right, they're not. You have to do a bit of analysis yourself and come up with the entry rules that work for YOU. Exits that work for you. Some days Dee swing trades other days scalps......what works for you?
Dear Monster,
There is no doubt, the time I have been following this thread, Dee gives us all his rule; Because, he is one of the few traders I've seen in FF who shows exact entry and exit points on the live chart. I'm really thankful for his efforts which I have learnt much.
I think Dee wants to give us all his rules, and we all see by his contribution and patience to explain us every question.
It is exactly what I say that others like you think there should be some tricky part which Dee doesn't want to share.
I say when there is no written clear rules in this strategy such as :
Entry : ....
Exit : ....
Double : ....
Partially Close : ....
Close All : ....
Reverse : ....
Hold : ....
Run : ....
Confirm : ....
So we can only grab the Divergence concept and creating Renko chart and that's it, again, complicating our systems with dozen of indicators which doesn't allow us to think dynamically.
The beauty of Dee's trades is being dynamic for each situation.
I'm asking Dee about this dynamic,
If you get this dynamic to understand when you must Jump out with +2 with the same strategy and when should jump out with +130 ( 200% Fib ) you will apply the success on each chart as Dee does; Dee used to trade on FX , now only we can see DAX .
Dee says that DAX repeats its structure more than Currencies, CAN YOU DISTINGUISH WHAT HE IS EXACTLY TALKING ABOUT ?
The only way to understand the difference between DAX & Currencies as Dee says, it will be clear by applying the same strategy as Dee does , which personally I don't see any difference as Dee sees, because I cannot apply the same rules and strategies !!!
Also when Dee shows you everything and you can grab those delicious pips as Dee does, why do you stick to 20 pips of the 200 pips ? It will reduce your probablity of success in long run because you will be smashed somewhere, sometime because of the poor RRR.
The beauty of Dee's trades is the huge RRR sometimes 1:20 , this is the power of this strategy and this system while we only use 2:1 in this system which is total rubbish compared to Dee's results. Because he covers 10 small loses with only 1 winning trade.
I hope that you all guys understand the main points of my posts.
{quote}
Yes there are no clear rules - if there was, an EA would easily be programmed, this takes a bit more than straight coding - unless that is your true intention??............how do you know if a trade will run 20 pips or 200 pips??.....more TF's on your side always helps I know that....so when the M15 and H1 are aligned and then you get a signal on the 5 Renko this could be a 100-200 pip run............maybe........that's the mystery of trading....nothing is guaranteed.
I have no interest in trading the DAX so for me to find the nuances between Dee's way of trading FX to DAX doesn't even come up on my radar. If the DAX is important to you then yes a further study is required.
PM1
- #2,253
- Edited 7:47am Jun 27, 2015 7:37am | Edited 7:47am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
{quote} hi mates!! a week off studying, a week without trade testing my discipline... (ok just a little short on monday, still open but I swear I never touched, on gbpusd for an ascending channel on the daily, large macd div, that was too tempting not to be taken...) Subrina hello and thank you for sharing your point of view. I agree with you as I agree with those who have tried to respond to your ask, especially with pipmonster (well said, you took the words out of my mouth). I will try to tell my experience and opinion without writing a papyrus....
Thanks Friska,
This answer is the example of constructive message what I was expecting for my posts.
I agree with all what you said, and I personally after many years still cannot draw the clean, neat, and peaceful charts like you, so really well done that you have achieved this knowledge and confidence in only two years !
I didn't ask Dee intentionally, just because I wanted to figure out that is there anyone else can use the same rules as Dee or not !
If yes, it is my fault; perhaps I haven't spent time and effort as I should.
If no, something is missing, I want to figure out what are the barriers we have which stops us to be a golden trader as Dee.
This is why I didn't ask Dee, because it was not the question as Dee could answer !
I asked other traders to figure out step by step what are the barriers and unclear part we all have, to answer all those question and solve the puzzle.
but someone says Dee doesn't owe us anything !!!! my point of view is taking out the BARRIERS which stand in front of us to place the order late, or close the position so early, or fluctuating, or not using proper MTF , or for example 3 MAs unclear how to be used.
for example I might be good at entry point, while the exit point is really difficult for me and for most of us; because, the entry is based on the historical data and divergence which has been already happened on the chart, while the exit point is the future and you must adopt yourself with the blank future moves step by step.
As a result, zooming in all exit scenarios can be beneficial for everyone and will improve significantly our exits FOR EVERYONE not only ME.
So We can organize all possible examples and questions and all different concerns all traders may face with, so we can gather all required documents to share knowledge to others. So we all could structural organize and gather all infos in one place.
If Dee got exhausted from our silly questions
or making his decision to move to his own private island which is under construction, and there is no internet connection, so what will be happened to this valuable and golden thread and Dee's tireless efforts? - #2,256
- Jun 27, 2015 8:27am Jun 27, 2015 8:27am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} If Dee got exhausted from our silly questions
we will be ruined!
nescentia necat
- #2,257
- Jun 27, 2015 8:32am Jun 27, 2015 8:32am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
Friska,
if you would like to know my trading strategy which is really simple and clean chart, you can click on HERE.
I have uploaded the recent photo and entry points, exits again the major problem, however risk is low because reasonable profit will be seen
if you would like to know my trading strategy which is really simple and clean chart, you can click on HERE.
I have uploaded the recent photo and entry points, exits again the major problem, however risk is low because reasonable profit will be seen
- #2,259
- Jun 27, 2015 11:25am Jun 27, 2015 11:25am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Just to remind you all that I started with Renko bars on the 24 November 2014, note the results of my first renko trade.
Even then I had to explain the reasons for the 1st and 2nd entries
My 3rd attempt for just 57pips
My 4th attempt for just 20 pips
MY point is, I have only really started getting pips since I discovered the DAX which has the momentum and range of movement which allows me to run for the pips.
Even then I had to explain the reasons for the 1st and 2nd entries
My 3rd attempt for just 57pips
My 4th attempt for just 20 pips
MY point is, I have only really started getting pips since I discovered the DAX which has the momentum and range of movement which allows me to run for the pips.
Cut your Losers short and let your Winners run.
