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More simple is impossible

  • #3,361
  • Sep 14, 2015 6:48am Sep 14, 2015 6:48am
Quoting nuckern
{quote} If I had children that would be definitely my plan! My beloved little money makin monsters. {quote} Trendline was broken and retested, but seemed It doesn't want to go lower :X So I stayed out! Damn...://
Being able to reverse the Financial Black Hole that children are must be the dream of any parent.

"My beloved little money makin monsters" Luv It!!
Cut your Losers short and let your Winners run.
  • #3,362
  • Sep 14, 2015 6:58am Sep 14, 2015 6:58am
Quoting nuckern
{quote} If I had children that would be definitely my plan! My beloved little money makin monsters. {quote} Trendline was broken and retested, but seemed It doesn't want to go lower :X So I stayed out! Damn...://
Quoting dee50
{quote} Being able to reverse the Financial Black Hole that children are must be the dream of any parent. "My beloved little money makin monsters" Luv It!!
funny!!
nescentia necat
  • #3,363
  • Edited 7:18am Sep 14, 2015 6:59am | Edited 7:18am
I traded the UC, took a 6 pip profit. This is tick chart.

The ideal entry would have been at the bottom of the trading range. It made a small false break lower and buyers were confirmed by the forming of the 1-2-3. However I missed that entry point because price moved higher quickly and just at that point I took my eyes off the screen. I wanted to buy as price was around the 40 level but if felt like chasing the market.

I entered on the break because seeing the false break on the lows of the range and price behavior near the top a higher break was possible.

I decided to manage more aggressively because after the break the ranges of the bars began to decrease in size: there was not real power behind the move. I did not allow price to return to retest because price did not make considerable progress upward progress so I didn't trust that a retrace could get more buying power.

I would appreciate your opinion on this guys, Would you have done something different?

EDIT: well, price is pretty much telling me that I should have allow it to run.
EDIT 2: nope actually the move higher is pretty much covered immediately by a move lower. Anyway, what's your opinion on this?

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PS. Arrow is pointed at price, not at MAs.
  • #3,364
  • Sep 14, 2015 7:01am Sep 14, 2015 7:01am

stay down!!!

hommm hommm

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nescentia necat
  • #3,365
  • Sep 14, 2015 7:10am Sep 14, 2015 7:10am
GER30 +30. Not much to start but this is looking like a very quiet day so a few crumbs off the table are better than starving. I will look for another chance later. Now I am going to put my crumbs in some hot milk and have a light lunch.
Did you watch the 10 pip stoch and see how it showed me that there was enough room to make a few pips?
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Cut your Losers short and let your Winners run.
  • #3,366
  • Sep 14, 2015 7:10am Sep 14, 2015 7:10am
Quoting friska
stay down!!! hommm hommm {image} {image}
out 1st short +30 10100 127%

edit: out 2nd +37 (damn!!)
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nescentia necat
  • #3,367
  • Sep 14, 2015 7:35am Sep 14, 2015 7:35am
Took another UC long. All the reasons against holding long (going long implied) faded as price behavior at SR showed me that buyers were present.

Go BULLS...show who's running the show here....you know, until my TP is hit; after that do whatever you want.... :-))

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  • #3,368
  • Sep 14, 2015 7:40am Sep 14, 2015 7:40am
Quoting MisterC
Took another UC long. All the reasons against holding long (going long implied) faded as price behavior at SR showed me that buyers were present. Go BULLS...show who's running the show here....you know, until my TP is hit; after that do whatever you want.... :-)) {image}

i read
break the box, retest & go!
nice entry!
nescentia necat
  • #3,369
  • Sep 14, 2015 7:43am Sep 14, 2015 7:43am
dax zoom out 1m/15m
may be a possible re-entry short with break the S level
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nescentia necat
  • #3,370
  • Sep 14, 2015 7:45am Sep 14, 2015 7:45am
Quoting friska
{quote} i read break the box, retest & go! nice entry!
For me the break is important: I want to see good progress on the break and the retracement must not show power behind it: smaller ranges than the ranges of the impulsive move. And it is clear that my trade will hit the SL at BE because price did not make good progress up and there were signs of sellers, now more clear than before. Maybe I'll take a short is price breaks back into the range.
  • #3,371
  • Sep 14, 2015 7:53am Sep 14, 2015 7:53am
Quoting MisterC
{quote} For me the break is important: I want to see good progress on the break and the retracement must not show power behind it: smaller ranges than the ranges of the impulsive move. And it is clear that my trade will hit the SL at BE because price did not make good progress up and there were signs of sellers, now more clear than before. Maybe I'll take a short is price breaks back into the range.
with power you mean high volume increase? or what..
please tell me if it is not complex to write here.
nescentia necat
  • #3,372
  • Sep 14, 2015 7:57am Sep 14, 2015 7:57am
and still, I do not want to hear anyone saying that this sport is boring ...
I made a furrow around my desk walking back and forth with that dax move!
nescentia necat
  • #3,373
  • Edited 8:17am Sep 14, 2015 8:02am | Edited 8:17am
Quoting friska
{quote} with power you mean high volume increase? or what.. please tell me if it is not complex to write here.
Tick charts have constant volume. A new bar begins when the present bar achieved a certain number of ticks: 600, 700, etc. SO volume plays no part here.

I define power by: how wide are the ranges of the bars compared to previous bars, I look at the closes (are they near the top, in the middle), I look at how many candles have closes higher than opens, how much progress price makes - how far does it goes after the break (it should extend for a while showing that the break is genuine)

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Sorry for the "work of art". Sometimes nuances can be seen within the range. Moves higher are stronger while moves lower are weaker (for an upward break).

1st one: weak break
2nd one: proper break: I would like to see retracement.
3rd. Could be proper, however could be climactic and price could reverse strongly creating a false break to the up side. In this case it's about price behavior within the retracement.

If you get a break according to 3rd scenario and a retracement according to the 2nd...buys are not recommended!

I hope this clears the matter a bit.
  • #3,374
  • Sep 14, 2015 8:11am Sep 14, 2015 8:11am
Quoting MisterC
{quote} Tick volumes have constant volume. A new bar begins when the present bar achieved a certain number of ticks: 600, 700, etc. SO volume plays no part here. I define power by: how wide are the ranges of the bars compared to previous bars, I look at the closes (are they near the top, in the middle), I look at how many candles have closes higher than opens, how much progress price makes - how far does it goes after the break (it should extend for a while showing that the break is genuine) {image} Sorry for the "work of art". Sometimes nuances...

nice and clear
nescentia necat
  • #3,375
  • Edited 8:37am Sep 14, 2015 8:12am | Edited 8:37am
This is my last trade for today. Regardless of how it goes I'll spend the rest of the day reading since I still have some materials on my to read list...

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Closed at BE.
  • #3,376
  • Edited 10:14am Sep 14, 2015 9:54am | Edited 10:14am
sc*ew you DAX!

I thought momentum is stronger... So after SL I reversed... And price couldn't make it trough the S/R... So I waited if DBTOP forms... OFC IT DID... AFTER MY SL taken! I hate those days.. When there's plenty opportunity and I let it go... And then do this!.. Really love it..

IF i set TP BE.. And went out I'd do better..
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  • #3,377
  • Edited 10:46am Sep 14, 2015 10:31am | Edited 10:46am
out last short for today +40+30+20 (about)
missed the long entry 123 & TL break, PB on 38fibo could give us the opportunity to increase positions...
I'm learning the lesson and trying to decrease the DD on multiple positions return / PB,
dax often run a scheme before collapsing in the opposite direction (168+tma-->127-->tma/200)
monitor levels with fibo has become essential to prevent the DD.
ok you can also say 'I told you so!'
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edit:
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nescentia necat
  • #3,378
  • Sep 14, 2015 10:40am Sep 14, 2015 10:40am
Quoting nuckern
sc*ew you DAX! I thought momentum is stronger... So after SL I reversed... And price couldn't make it trough the S/R... So I waited if DBTOP forms... OFC IT DID... AFTER MY SL taken! I hate those days.. When there's plenty opportunity and I let it go... And then do this!.. Really love it.. IF i set TP BE.. And went out I'd do better.. {image}
If the DAX was to blame than screw the DAX because he upholds favoritism. He gave friska and Dee good pips today while he took from you...

Take responsibility for your trades mate, don't blame the market. Victimization and drama are one of the quick ways to empty your account.

About your trades: you bought after price extended for a while and you bought INTO SR. All your indicators were saying sell (and I don't say...trade after the indicator, I say trade price, but as long as you have them on the chart...listen to them). And I suggest you use just two with a clear purpose. For example Dee uses stochs to identify cycles and momentum and MACD for momentum. What are the purpose of your indicators?? If you say to buy when blue and sell when red...re-think...

Price pulled back and gave you a buy a opportunity...every indicator on your chart was saying buy....you sold. Again, we trade price, but here the indicators aligned perfectly. It just goes to show that every trade was emotional.

I'd recommend using something higher than M1. I go as low as M5, sometimes M3, or at least that's the time-frame I try to emulate with the tick chart. Of if you trade M1 always have a higher TF open. Look at Dee's setup: a higher TF and a lower TF.

Also, I don't know why you thought momentum was strong since price made an anemic move lower...

Do yourself a favor mate and practice before you decide to enter with real money. Trust me...I've been here, where you trade based on frustration and anger and etc. Save yourself some pain and study more before you begin trading.
  • #3,379
  • Edited 11:19am Sep 14, 2015 10:54am | Edited 11:19am
Quoting MisterC
{quote} If the DAX was to blame than screw the DAX because he upholds favoritism. He gave friskaand Dee good pips today while he took from you... Take responsibility for your trades mate, don't blame the market. Victimization and drama are one of the quick ways to empty your account. About your trades: you bought after price extended for a while and you bought INTO SR. All your indicators were saying sell (and I don't say...trade after the indicator, I say trade price, but as long as you have them on the chart...listen to them). Price pulled back...
That wasn't aim to blame DAX. I just didn't want to write screw me! xDD And ofc I know I screw it up. Just wanted to show you how to not to do ) And that if you don't listen the price and if you don't follow the rules that's what happen. This was the only 2 losses in my day..(.I pretty much scalp today. SO I'm BE.) But these 2 losses was soooo useless. And about my post dont take it too seriously. Everyone cryin about nobody shows bad trades... I just did it Now I'll give you space to post the good ones again.

And ofc thank you for your comments. BUt these trades wasn't even worth commenting! Anyway if you would like comment you can comment this trade. I'd really appreciate. I know I should sell at the top, but let's say I'd rather sell the brake. I think i should wait for at least this little rettest to minimalize drawdown. But on the other hand very often the trade start off like a rocket. And I miss the opportunity. I could draw the lower TL a bit higher but wanted to let a little room for possible fake outs. What do you think? Was it at least a little bit good break entry? :X
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  • #3,380
  • Sep 14, 2015 11:00am Sep 14, 2015 11:00am
Quoting nuckern
{quote} That wasn't aim to blame DAX. I just didn't want to write screw me! xDD And ofc I know I screw it up. Just wanted to show you how to not to do ) And that if you don't listen the price and if you don't follow the rules that's what happen. This was the only 2 losses in my day..(.I pretty much scalp today. SO I'm BE.) But these 2 losses was soooo useless. And about my post dont take it too seriously. Everyone cryin about nobody shows bad trades... I just did it Now I'll give you space to post the good ones again.
I treated your post with seriousness those two trades were serious when you took them. I'm not going to lie, your post did made me laugh :-)) (not in a negative way); It's good to see that you can bounce back from losing trades and you bounce back in style , but take your trades seriously; after all, it's your money at steak.

I wish I could post proper winning trades but the UC was very choppy. Most of my trades today ended on BE.
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