{quote} hehehe
It doesnt surprice me 10020-150 today...or if it doesnt happens ....9600...
BTW: Where is our MENTOR Dee50 ?
- #3,022
- Aug 24, 2015 4:03am Aug 24, 2015 4:03am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #3,023
- Aug 24, 2015 4:22am Aug 24, 2015 4:22am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #3,026
- Aug 24, 2015 4:41am Aug 24, 2015 4:41am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #3,027
- Aug 24, 2015 4:56am Aug 24, 2015 4:56am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
GER30 +66+53+18+32. Looks like I have a lot of catching up to do!
I have had a quick look thru the posts and I see that some of you have developed a rather disgusting habit, equally as disgusting as picking your nose in public and eating it!!
Been away doing more pleasurable things, came back this morning to see that I have missed a wondrous number of pips. Fortunately the activity that I have been engaging in "more" than compensated for the missed pips
I have had a quick look thru the posts and I see that some of you have developed a rather disgusting habit, equally as disgusting as picking your nose in public and eating it!!
Been away doing more pleasurable things, came back this morning to see that I have missed a wondrous number of pips. Fortunately the activity that I have been engaging in "more" than compensated for the missed pips
Cut your Losers short and let your Winners run.
- #3,028
- Edited 5:11am Aug 24, 2015 4:58am | Edited 5:11am
EJ +44 / Range bar chart
I did not expect it to run this far, but there was good volatility and the chart kept me in. The analysis is pretty simple: price was previously rejected from the top area, divergences show loss of momentum and there is a Stoch breakdown aswell; trendlines started giving away, price failed to make a new HH and broke down.
edit: trendlines are placed on close of bar, not on shadow! also, the 2nd trade (find waldo...) is me being stupid...
I did not expect it to run this far, but there was good volatility and the chart kept me in. The analysis is pretty simple: price was previously rejected from the top area, divergences show loss of momentum and there is a Stoch breakdown aswell; trendlines started giving away, price failed to make a new HH and broke down.
edit: trendlines are placed on close of bar, not on shadow! also, the 2nd trade (find waldo...) is me being stupid...
- #3,031
- Aug 24, 2015 5:28am Aug 24, 2015 5:28am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} Well then....GAME ON
All the time we see amazing trades, 100s of pips gain and yes, we can and do learn from them, but as your analysis clearly shows, we can also learn from the bad trades, the losers, those that hardly any one shows.
I actually set out to trade like a nooby but it was really really difficult to do, I have spent years cleaning up my act, perfecting my art so trying to make the mistakes I made when I first started trading was difficult. I did not want to just randomly enter, it had to be realistic for any one to gain something from it, I hope I achieved that.
I actually learnt some thing from it, when things are really quiet on the DAX as they were at the time, look down at the 3 pip chart, it is amazing what you can see. here is the same exercise but on a 3 pip chart, it looks completely different.
Although I have been trying to encourage everyone to go for the home runs it is a simple truth that the average nooby will lack the confidence to hold the trades long enough to achieve that goal, where as, some smaller successes will help build the confidence.
Cut your Losers short and let your Winners run.
- #3,032
- Aug 24, 2015 5:31am Aug 24, 2015 5:31am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
{quote}here is the same exercise but on a 3 pip chart, it looks completely different. Although I have been trying to encourage everyone to go for the home runs it is a simple truth that the average nooby will lack the confidence to hold the trades long enough to achieve that goal, where as, some smaller successes will help build the confidence. {image}
.The 3 pip does look better. With a good timing and at the right levels you could scalp the market for 10 pips. This is a big plus of renko. range. point and figure charts, they tend to keep you in a trade. As long as the bricks keep printing red and / or the retracements are shallow...why close the trade. Even as a beginner you can have a better trade management if you listen to these charts.
- #3,035
- Aug 24, 2015 5:41am Aug 24, 2015 5:41am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #3,036
- Aug 24, 2015 5:44am Aug 24, 2015 5:44am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
wo! gbpnzd buy stop triggered +70 ongoing!! dumb luck! {image}
You drank a lot of wine last night and your hand was shaking violently as you pressed the mouse button to place the pending "sell" order and because of your hangover you did not notice that a buy order had been placed. Now that is "luck".
Cut your Losers short and let your Winners run.
- #3,037
- Aug 24, 2015 5:47am Aug 24, 2015 5:47am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} It took a while but as I said...I enjoyed it
because the fear of turning a victory into a defeat is a reality that we face always, like greed, regardless of the type of chart you use ... defeat them with security in own analysis I think is one of the major objectives that a trader or aspirant can achieve.
I fight with that constantly ..
nescentia necat
- #3,038
- Aug 24, 2015 5:47am Aug 24, 2015 5:47am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #3,039
- Aug 24, 2015 5:52am Aug 24, 2015 5:52am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} If I am not mistaken a Buy stop has to be placed ahead of the market, that makes it a premeditated action, where does the "dumb luck" part come in? You drank a lot of wine last night and your hand was shaking violently as you pressed the mouse button to place the pending "sell" order and because of your hangover you did not notice that a buy order had been placed. Now that is "luck".
no ok, was placed but, most of the time the price do not breaks out 70 pips in less than a minute!
nescentia necat
{quote} i think because the fear of turning a victory into a defeat is a reality that we face always, like greed, regardless of the type of chart you use ... defeat them with security in own analysis I think is one of the major objectives that a trader or aspirant can achieve. I fight with that constantly ..
For me it was worth reading it...you should check it out
dl.farachart.com/pdf/Trade-Mindfully.pdf