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  • #3,201
  • Sep 1, 2015 10:36am Sep 1, 2015 10:36am
GER30 +47. Could not resist it. The range has quite clearly been established so there is no CT to worry about.
Price came up and kissed my TP 4 times before finally pushing thru, I have to say I was just about to close it manually, if you look at the Stochs and the MACD both were indicating that momentum was beginning to decline.
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Cut your Losers short and let your Winners run.
  • #3,202
  • Edited 10:47am Sep 1, 2015 10:36am | Edited 10:47am
Quoting dee50
{quote} Really nice entries. if there was a text book, i would be able to say "Text Book entries".
Thanks for the compliment, means a lot coming from the teacher itself
Quoting dee50
GER30. +15 +20+50+32+61. Done for the day also. No Brainers, Divergence at S&R each and every one. Wish every day was like this, I hate trending days, ranging days are the best and for those of you using the TMA channel, remember this, the TMA works fantastically well on ranging days but will whip your pants down on trending days. {image}
. It doesn't seem to be the case on the other DAX thread. Only if they knew the amount of pips being collected on DAX in this thread today
Quoting friska
{quote} always a clean work well done drammen!
Right back at ya



DE30 + 54. Reason for entry: Made sure the previous uptrend had ended by waiting for the price to hit the red 200% fib. Price hit S&R. MACD DIV on 5 pip. Arrow alert from the new indicator provided by almighty Dee50. Price penetrated TMA lower band on 5 pip. Near BRN. (Entered late due to price cutting the frigging corner. Accelerated faster than Tesla on ludicrous mode)

Reason for exit: I was waiting for the price to hit 200% on fib. But it was struggling to get above BRN and i really had to urinate, so i closed at ca. 161.8% yellow fib.

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Energy, frequency and vibration.
  • #3,203
  • Sep 1, 2015 10:45am Sep 1, 2015 10:45am
Quoting dee50
{quote} HAHAHA. Fortunately you are no where close to needing that number, if I think it is getting really bad I will arrange an "intervention", if that does not work then you will need DDAA.
Intervention would be fine.. Since I wipe out acc today... It wouldn't happen if I arrange those recovery trades better... But I took the worst trades ever. So there's no excuse. And then It went to hell... After that I was in agony.. And I wish I stopped there... Coz next few trades was opposite I'd normally take..So disaster was completed. And the worst thing about it was... After I calmed down myself... I started to see clear again. And saw the plenty of opportunities. But It was too late. I'll have brand new start tomorrow. But I'm so dissapointed of myself. I don't understand how is this possible. Everything went well. But then I made totally error. Wish I could go back in time and kicked my ass. I'm not sure If I can do this... I mean trading. What's the point to have few good trades and then fucked up everything with nonsense trade... That's exactly whas happend today.. And I'm afraid if I can't stop these thing to happen I'll live in this forever cycle of good trades and then one really bad one...

Anyway. Wonderfull trades guys.
  • #3,204
  • Sep 1, 2015 10:51am Sep 1, 2015 10:51am
Quoting drammen
{quote} Thanks for the compliment, means a lot coming from the teacher itself {quote} . It doesn't seem to be the case on the other DAX thread. Only if they knew the amount of pips being collected on DAX in this thread today {quote} Right back at ya DE30 + 54. Reason for entry: Made sure the previous uptrend had ended by waiting for the price to hit the red 200% fib. Price hit S&R. MACD DIV on 5 pip. Arrow alert from the new indicator provided by almighty Dee50. Price penetrated TMA lower band on 5...
Bodily Functions are no reason to leave pips on the table, either put a bucket by the desk or use a bottle with a funnel, that way you can put the cap back on to avoid unpleasant odours.
Cut your Losers short and let your Winners run.
  • #3,205
  • Sep 1, 2015 11:13am Sep 1, 2015 11:13am
Quoting dee50
{quote} Bodily Functions are no reason to leave pips on the table, either put a bucket by the desk or use a bottle with a funnel, that way you can put the cap back on to avoid unpleasant odours.
Good idea! Or, better yet-- TOILET.IN.THE.OFFICE
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Energy, frequency and vibration.
  • #3,206
  • Edited 12:42pm Sep 1, 2015 11:41am | Edited 12:42pm
DE30+ 30. Last one for today. Was finished for today but saw the the nice divergence so had to jump in (thats why i entered late)
Reason for entry: Previous uptrend hit 200% yellow fib. Divergence on 5 pip macd and stoch. Green arrow and 5 pip hit TMA.
Reason for exit: 200% red fib.
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Energy, frequency and vibration.
  • #3,207
  • Sep 1, 2015 11:44am Sep 1, 2015 11:44am
Quoting drammen
{quote} Good idea! Or, better yet-- TOILET.IN.THE.OFFICE {image}
I wonder if we could Patent that idea, there must be a very large market for that, just imagine all the trading floors of the robber banks, each work station equipped with one of these, just think of the time saved and the extra pips gained!!! They would obviously have to ban traders from eating Vindaloo the evening before but other than that it could work.
Cut your Losers short and let your Winners run.
  • #3,208
  • Sep 1, 2015 11:47am Sep 1, 2015 11:47am
Quoting drammen
DE30+ 30. Last one for today. Were finished for today but saw the the nice divergence so had to jump in (thats why i entered late) Reason for entry: Previous uptrend hit 200% yellow fib. Divergence on 5 pip macd and stoch. Green arrow and 5 pip hit TMA. Reason for exit: 200% red fib. {image}
Where are you getting all those extra arrows from??

Any way, got to feed the cats

CU 2morrow.
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Cut your Losers short and let your Winners run.
  • #3,209
  • Sep 1, 2015 12:58pm Sep 1, 2015 12:58pm
Quoting dee50
{quote} I wonder if we could Patent that idea, there must be a very large market for that, just imagine all the trading floors of the robber banks, each work station equipped with one of these, just think of the time saved and the extra pips gained!!! They would obviously have to ban traders from eating Vindaloo the evening before but other than that it could work.
Not only are you a professional trader, but you seem to be an entrepreneur as well!

Quoting dee50
{quote} Where are you getting all those extra arrows from?? Any way, got to feed the cats CU 2morrow. {image}
I adjusted the settings so it could highlight the "scalp" moves. Haven't researched the indicator so i don't know if im adjusting it correctly. I just divided the settings by 2 until i got the visuals i wanted.

Settings:
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Energy, frequency and vibration.
  • #3,210
  • Sep 2, 2015 7:28am Sep 2, 2015 7:28am
Morning, folks!

DE30 + 35. We're in a uptrend so this was clearly a CT.

Reason for entry: Made sure the previous uptrend had ended by watching price reach (1)61.8% on fib on 10 pip along with (2) 200% yellow fib on 5 pip. Clear divergence on (3) MACD 10 pip. For extra confirmation you could enter when price made a (4) 123 along with fading momentum on (5) MACD 5 pip and (6) STOCH 5pip. Also 10 pip OB. Price penetrated TMA 5 pip. Near BRN.

Reason for exit: 200% red fib on 5 pip.
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Energy, frequency and vibration.
  • #3,211
  • Sep 2, 2015 7:30am Sep 2, 2015 7:30am
Todays mornings enters:
Perfect enter (TWA and Macd div) will be if I enter after price hit TWA and cross the MA about 09 10 and 10 066.I wasn't at computer in this moment.I came few minutes later.So:
1)I open S when price cross second time MA.I used 10 points SL.unfortunetly price hit my Sl Is ok Dee50?
2)After hit my Sl, price 3 time cross MA and I open S next time.Price went down and hit my SL.I think I should close this postioion on BE>
3)price again move MA So I 3 time took S.I should close this position 10 pips SL.

Dee50 do I done with Sys rules ok ? What was my fault in this entres and closes this positions?

Price went 50 points up.Maybe I should took L.After all its normal thinking.But what was the signal for You to take L in this moment?

Ca.50 points higher we have next Macd div:
4) i dont; play like Friska.I have no comfort in double my losing positotion. Friska is in this master.So probably I should close 4 enter in BE.
5 and 6 enter looks ok.but price go little highe thaen my entres.if I set SL on enter price I will be outside the market.After this I close all postioins and price go down.My big mistake

Dee50 how You set Yours SL?Could You critque my entres and closes?
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  • #3,212
  • Sep 2, 2015 8:02am Sep 2, 2015 8:02am
Next part of today session was for me better.On screen we see my completly stupid close positions.After this market went down.Friska made in this case hudge pips
1.This enter was little risky without div confirmation.
2.I close long .And open S when price start going down on 38 % bibo.First of S was 3 point close.Price little scared me.but when price star going dwon I open again S.
3.Nooks rule enter.Macd Div and TMA.
I mistake perfect L enter ca. 9975-9980 Price went up ca. 70 pips.Eghhh
4.Risky enter after TWA hit.I should faster close it when price hit my open price and open again.i keep position and I had little luck.

So 11,-3,26,41 and 18.After stupid morning I'm on + today

Dee50,Friska any Yours comment about my above trades will be for me big learning.
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  • #3,213
  • Sep 2, 2015 8:05am Sep 2, 2015 8:05am
Quoting Parr
Todays mornings enters: Perfect enter (TWA and Macd div) will be if I enter after price hit TWA and cross the MA about 09 10 and 10 066.I wasn't at computer in this moment.I came few minutes later.So: 1)I open S when price cross second time MA.I used 10 points SL.unfortunetly price hit my Sl Is ok Dee50? 2)After hit my Sl, price 3 time cross MA and I open S next time.Price went down and hit my SL.I think I should close this postioion on BE> 3)price again move MA So I 3 time took S.I should close this position 10 pips SL. Dee50 do I done with...
If you don't mind then here's my take on it(regarding the trades). Remember you HAVE to find reasons(plural) as to why you would go short/long. It's all about the clues.

"I rarely take a trade based on only one of the criteria there has to be at least 2 reasons preferably 3. eg. Divergence on it's own is no good it has to be at a significant level, BRN, S&R, Fib level. 123 reversal, same criteria. 123 continuation...."- dee50

"The market gives you lots of clues, Sherlock would have made a fortune trading."- dee50

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1st Trade :Make sure the previous uptrend has ended, in this case i use the FIB. Watch as price hits 200% fib red. We have beautiful divergences on (2) 5 pip MACD + 10 pip macd + 10 PIP STOCH and OB. Price also penetrated 5 pip TMA. Near BRN. Also Green Arrow on 5 and 10 pip. You will exit at next yellow 200% fib. Extra confirmation at (3) macd divgence 5 pip+ 10 stoch. How perfect wasn't that?! Also BRN. That would yield you about 60 pips.


2nd Trade: We know from previous trade that the trend has ended and now it's up up up.

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I don't have time to mark with numbers so im gonna do this quickly. Price penetrated 5 pip TMA. Green Arrow on both 5 pip and 10 pip. Also all the divergences from the 1st trade. BRN. Exit at 200% yellow.
Energy, frequency and vibration.
  • #3,214
  • Edited 10:15am Sep 2, 2015 10:04am | Edited 10:15am
Quoting Parr
Next part of today session was for me better.On screen we see my completly stupid close positions.After this market went down.Friska made in this case hudge pips 1.This enter was little risky without div confirmation. 2.I close long .And open S when price start going down on 38 % bibo.First of S was 3 point close.Price little scared me.but when price star going dwon I open again S. 3.Nooks rule enter.Macd Div and TMA. I mistake perfect L enter ca. 9975-9980 Price went up ca. 70 pips.Eghhh 4.Risky enter after TWA hit.I should faster close...
hi all,
nothing to add to drammen analysis.. more confirmations are the basis of a good entry, but it seems to me that your result is very good!
today no trade (ok be honest, just a few right but scalping),
day observing the price between renko and H1 / 5M standard chart.it is always interesting to see the relationship.
looking only renko sometimes I forget the standard charts which i'm very fond.
this morning Stoch were positive, I expected a bounce from the daily chart (posted yesterday)
so I waited for a bull situation, and the price has respected the levels of H1 and 5M, with SMA 100 several times has made effective dynamic s/r .
5m
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daily
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nescentia necat
  • #3,215
  • Sep 2, 2015 10:05am Sep 2, 2015 10:05am
By all the Gods!!! If you are going to use an indicator then bloody well understand it. Do not put some thing on your chart just because you have seen it on another thread or some one here has used it, and it looks good.

One of the biggest problems I have seen over the years is traders using indicators that they have absolutely no idea about.

If you are going to use the TMA channel then find out about it, the way some of you are trading it you will last no more than a few days before blowing an account. "Every" indicator has nuances that can make the difference between winning and losing, learn to use them properly. Find out about the good and the Bad. The responsibility is yours.
Start here, you do not need to read every thread in it's entirety, a quick flick thru the first few pages often provides enough insight, i often read a few pages at the beginning and then go to the end of the thread to see how things might have changed from that I can gauge if I need to read more of the thread.

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Cut your Losers short and let your Winners run.
  • #3,216
  • Sep 2, 2015 10:14am Sep 2, 2015 10:14am
Is it possible to load renko charts on a cell phone?
  • #3,217
  • Sep 3, 2015 3:01am Sep 3, 2015 3:01am
good start for today ... yesterday longs.
FDE30 +140 +5 ...maybe we will see even today 10300..who knows
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  • #3,218
  • Sep 3, 2015 3:28am Sep 3, 2015 3:28am
Quoting Aeb82
good start for today ... yesterday longs. FDE30 +140 +5 ...maybe we will see even today 10300..who knows {image}

i think favorable situation with China on vacation, a bit of breath but ..

btw
eurusd 1H
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nescentia necat
  • #3,219
  • Sep 3, 2015 6:21am Sep 3, 2015 6:21am
Quoting Aeb82
good start for today ... yesterday longs. FDE30 +140 +5 ...maybe we will see even today 10300..who knows {image}
Nicely taken, not a bad opening score.
10300?? wait for the ECB press conference, Draghi has a habit of trying to talk the EUR down so wait and see what effect that has on the DAX.
Cut your Losers short and let your Winners run.
  • #3,220
  • Sep 3, 2015 6:25am Sep 3, 2015 6:25am
GER30. +51 +108. +47. I have put a few pips in the pot, it pays for lunch. With Draghi later I am going to leave things alone for the rest of the day because I still have not worked out what effects the DAX.
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Cut your Losers short and let your Winners run.
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