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More simple is impossible

  • #3,401
  • Sep 16, 2015 2:58am Sep 16, 2015 2:58am
1m / 15m
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nescentia necat
  • #3,402
  • Sep 16, 2015 3:04am Sep 16, 2015 3:04am
Quoting MisterC
Hello lads. I compiled the vast majority of Dee's posts into a pdf. I really recommend going through all of them. You'll notice that the charts will change and there will be different indicators but one thing does not change: price action analysis! And that's the main thing you can get out of these pages: price action analysis. It would not hurt to look where Dee was most active, in which threads to get a better feeling of what is shown in the charts. http://www.4shared.com/office/QAC7ew...0s_posts.html? Hope you're able to download...
simply awesome, thank you for compiling this goldmine.
  • #3,403
  • Edited 3:20am Sep 16, 2015 3:10am | Edited 3:20am
out short on TL
I expect to see a retest of the previous level and see if it attacks again on TL.
which coincides with 127 of renko 5p and bottom tma
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and we back to put under attack this TL but with a Hdiv
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...we can do this all the day, all the time
nescentia necat
  • #3,404
  • Sep 16, 2015 3:47am Sep 16, 2015 3:47am
Quoting friska
out short on TL I expect to see a retest of the previous level and see if it attacks again on TL. which coincides with 127 of renko 5p and bottom tma {image} {image} and we back to put under attack this TL but with a Hdiv {image} ...we can do this all the day, all the time
and break
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nescentia necat
  • #3,405
  • Sep 16, 2015 4:26am Sep 16, 2015 4:26am
Quoting nuckern
{quote} But here are just 4 of my big list 1)I do useless mistakes coz I forget about indicators... And mainly coz I'm trying to catch pips late coz I didn't have balls to trade earlier. 2)Then revenge trading when my brain turn off and I start to act like a maniak who has to get the money back... Coz I can't stand the thought about losing day (and thanks to this I always lose much more in the end..). 3)But the worst thing is I loose concetration very fast. And very often on M1 I'm not sure if next HH/HL means buy or is it just bigger timeframe...
It's good that you identified the problems, you need to start the process of fixing them. And that is done through discipline and additional knowledge if there is need. No matter how stupid your trades are post them here, this is a community and when you ask for help someone will help you. Sending me trades with mistakes that you already identified is not productive at all. I can not "babysit" because I have another person to "babysit"...me . I still have some things to figure out about trading and some materials to go through just like you. All the info you need is either on this thread or it is referenced here!


Quoting friska
{quote} You are a giant! thanks to the wonderful work! It is with people like you that this place makes sense. (without taking anything away from the other) awesome!
Quoting superjolt
{quote} simply awesome, thank you for compiling this goldmine.
Happy to help
  • #3,406
  • Edited 5:43am Sep 16, 2015 5:03am | Edited 5:43am
out TL break short
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15m
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nescentia necat
  • #3,407
  • Sep 16, 2015 8:03am Sep 16, 2015 8:03am
out dax short PB 127-->50--->61.8 fail and go
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nescentia necat
  • #3,408
  • Sep 16, 2015 8:57am Sep 16, 2015 8:57am
early to say .. but
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15m
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1m
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nescentia necat
  • #3,409
  • Sep 16, 2015 9:16am Sep 16, 2015 9:16am
Quoting friska
early to say .. but {image} 15m {image} 1m {image}
aaand 60pip PB..
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nescentia necat
  • #3,410
  • Sep 17, 2015 1:30pm Sep 17, 2015 1:30pm
yellen on a rollercoaster !?
hehehe out of monitor extremes
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nescentia necat
  • #3,411
  • Sep 19, 2015 1:28pm Sep 19, 2015 1:28pm
Quoting dee50
GER30 +81+53. It is not just me, go and have a look at the guys on the Carpe Diem thread they have a mountain of pips between them. If this method of trading is so good and I am supposed to be such a good teacher, how come I am the only one posting winning trades today?? One or Other or Both, must suck.!! {image}
I have stopped trading for the time being which is why i haven't posted any charts for a while(won't be trading any time soon). You got me to realize how little i actually know about the indicators i use which has led me down the road of heavy researching. I suggest people understand the indicators they use and how it's being calculated. It will be an eye opener once you understand them.
Energy, frequency and vibration.
  • #3,412
  • Sep 20, 2015 4:16am Sep 20, 2015 4:16am
Quoting PhilippineFX
Its a quiet Sunday so I thought it would be Ok to throw a small grenade out there and see what happens. The subject is high leverage trading. I am talking 1-2.5 lots per $1000 account balance.....This is a concept presented to me by another FF member who i respect greatly. Here`s the proposal......Fridays DAX painted approximately 150 10pip Renco bricks. Taking that over 5 days of trading there are 750 10 pip bricks per week. Lets say a third of them or 250 bricks are tradeable, that is running 5 bricks or more long or short. The question is after...
Very good idea, but impossible because DAX margins are too high for openinig 1-2,5 lot positions with only 1000$ account. You need minimum 3k account, depends on broker. But you wrote it in the end of your comment, so sorry for flame My own strategy is created on the same principe, catch only your daily target and run away from market. My target is 50 pips and if it is possible, during 2 hours from open of DAX. I think the RRR is irrelevant if you know how to work with losses. With my strategy I am good even if I have 5:1 negative RRR. Try to trade way that you wrote and you will see, I personally believe that it could be so simple
  • #3,413
  • Sep 20, 2015 6:31am Sep 20, 2015 6:31am
Sorry but margin requirements for trading CFDs are actually quite reasonable, that is what makes trading CFDs so attractive. here is an example from Pepperstone based on just a 1:100 leverage.

The margin is calculated based on the price of the Index or commodity at the start of the trading day, and is fixed for the day.
You can see that for 1 contract of the DAX (GER30) requires €113.51 or $128.31 depending on what currency you fund your account in, also note the example is based on a price of 11351 Dax points, as price changes so will the margin requirement.
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Cut your Losers short and let your Winners run.
  • #3,414
  • Sep 20, 2015 6:40am Sep 20, 2015 6:40am
Quoting MisterC
Hello lads. I compiled the vast majority of Dee's posts into a pdf. I really recommend going through all of them. You'll notice that the charts will change and there will be different indicators but one thing does not change: price action analysis! And that's the main thing you can get out of these pages: price action analysis. It would not hurt to look where Dee was most active, in which threads to get a better feeling of what is shown in the charts. http://www.4shared.com/office/QAC7ew...0s_posts.html? Hope you're able to download...
Thank you very, very, very much. It is greatly appreciated, I have put PDFs together before so I understand just how much time and effort goes into compiling such a document, it is a lengthy process.
Cut your Losers short and let your Winners run.
  • #3,415
  • Sep 20, 2015 6:43am Sep 20, 2015 6:43am
Quoting drammen
{quote} I have stopped trading for the time being which is why i haven't posted any charts for a while(won't be trading any time soon). You got me to realize how little i actually know about the indicators i use which has led me down the road of heavy researching. I suggest people understand the indicators they use and how it's being calculated. It will be an eye opener once you understand them.
Very sensible.
Cut your Losers short and let your Winners run.
  • #3,416
  • Sep 20, 2015 6:54am Sep 20, 2015 6:54am
Quoting Matomi
{quote} Very good idea, but impossible because DAX margins are too high for openinig 1-2,5 lot positions with only 1000$ account. You need minimum 3k account, depends on broker. But you wrote it in the end of your comment, so sorry for flame My own strategy is created on the same principe, catch only your daily target and run away from market. My target is 50 pips and if it is possible, during 2 hours from open of DAX. I think the RRR is irrelevant if you know how to work with losses. With my strategy I am good even if I have 5:1 negative...
PhilippineFX's post seems to have disappeared but I would like to comment on both your ideas.

I think both ideas have a great deal of merit and are actually very sensible.

You do not have to gain 100 or more pips a day to be successful in trading infact the truth is, as you have both proven, you can be extremely profitable trading for many less pips per day.
Cut your Losers short and let your Winners run.
  • #3,417
  • Sep 20, 2015 7:12am Sep 20, 2015 7:12am
Quoting dee50
{quote} PhilippineFX's post seems to have disappeared but I would like to comment on both your ideas. I think both ideas have a great deal of merit and are actually very sensible. You do not have to gain 100 or more pips a day to be successful in trading infact the truth is, as you have both proven, you can be extremely profitable trading for many less pips per day.
Thank for comment Dee, btw sorry for that margins bad info by me, but I have broker (ECN account) with really bad margins, so I though that all brokers have approximately the same margins, but I was mistaken there. Just yesterday my friend sent me IC Markets broker, I have never seen conditions and terms like that before. I think it is time to change broker, I wrote it to PhilippineFX to PM and I wrote it there again - I am scalper and we have EA scalping robot for renko - min 50% of our strategy is spread, comissions and margin offered by broker.

Wish you a lot of pips guys !
  • #3,418
  • Edited 7:41am Sep 20, 2015 7:15am | Edited 7:41am
Based on what Matomi and PhillipineFX were discussing, here is a very basic spreadsheet showing a Money Management plan on how to take a $500 account to a regular income account in 18 months trading the DAX.
Some one posted the template a little while ago and I have not made any changes to the basic formula so it can be used for currencies which it was originally intended for.

The column marked "Lot Size" the lot sizes are shown as "0.1" which for the DAX would actually be 1 lot size, increasing to 0.2 = 2 x DAX lots, etc.

The plan is to start trading with 1 lot, because not all brokers allow partial lots on CFDs, and increasing that for every $1,000 increase, this would be upto a Maximum of 20 lots or $20,000.

Now here is the rub, this is based on gaining 30 pips per day. That is quite a target for a day!!!!

The trolls will come pouring in at this point mocking the spreadsheet and giving a 100 and 1 reasons why this can not work.

My response is. A 12 year old girl has already proven it possible!
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Attached File(s)
File Type: xls do-able-30pips-at-1.11$-per-pip.xls   24 KB | 453 downloads
Cut your Losers short and let your Winners run.
  • #3,419
  • Sep 20, 2015 7:32am Sep 20, 2015 7:32am
Paqui, despite being back at school managed to trade.
Now I will be directly responsible for disrupting her education.

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Cut your Losers short and let your Winners run.
  • #3,420
  • Sep 20, 2015 7:53am Sep 20, 2015 7:53am
Quoting superjolt
{quote} Just trying to nail the main tactics you are using dee, would I be right in thinking that you focus mainly on BRN's, 123's (pos 2B's too?), fibs, backed up with divergence and trading the appropriate side of the 150 EMA?
Sorry, I missed this post some how.

Yes, to every thing you have said, except for CT, then the MAs become possible TP targets depending on the reversal pattern that initiated the trade.
Cut your Losers short and let your Winners run.
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