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  • #3,861
  • Oct 29, 2015 6:38am Oct 29, 2015 6:38am
Quoting friska
{quote} right setup! I hope you are enjoying the position!
You hope right ! + 3x 10 pips I do not want to be negative, but I am bit confused what will bring range and choppy days on DAX, similiar which were during the summer.

And your morning +50 was excelent one , do you continue or you are done for today ?
Attached Image (click to enlarge)
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  • #3,862
  • Oct 29, 2015 6:50am Oct 29, 2015 6:50am
Quoting Matomi
{quote} You hope right ! + 3x 10 pips I do not want to be negative, but I am bit confused what will bring range and choppy days on DAX, similiar which were during the summer. And your morning +50 was excelent one , do you continue or you are done for today ? {image}
niiice!!
yes
for me it is enough for today.
I enter only if there is a clamorous move that I can not refuse,
but in general if the morning is so I tend to avoid give it all back in the afternoon!
nescentia necat
  • #3,863
  • Oct 29, 2015 7:00am Oct 29, 2015 7:00am
Quoting friska
{quote} niiice!! yes for me it is enough for today. I enter only if there is a clamorous move that I can not refuse, but in general if the morning is so I tend to avoid give it all back in the afternoon!
I think, it is absolutelly right way, I have my daily target too, it is 40-50 pips and I am done. So I very appreciate that is someone there who trades with this rule .

I will see how results will bring this strategy for me, but it is really easy to trade it. I am looking only for 123 Pattern, Divergence/Hinded Divergence, Double bottom,/top and the newest one is automated Fibonacci which every day producing % levels for whole day. I really want to start making some money with trading ASAP
  • #3,864
  • Oct 29, 2015 8:25am Oct 29, 2015 8:25am
GER30+115x6.+10x6.+58x6.+16x6.+10x6. +2 ongoing B/E +20 & B/E +10. I am currently wondering if I should close the last 2 trades. if I get a second bounce off 10750 i am going to close. The 2 vertical dashed lines close together are just there to show you on which bar I entered.

The +16 was a hit on a trailing stop, the 2 +10s were just 2 trades I jumped in for +10.

For the 10 pip stochs to complete the up cycle would take approx 3 bars so price could pullback to 10790, so my current SLs could be safe, also the 200ema and an S&R level are in the way, we will see
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+115x6.+10x6.+58x6.+16x6.+10x6 +ongoing 291015.png Size: 49 KB
Cut your Losers short and let your Winners run.
  • #3,865
  • Oct 29, 2015 8:32am Oct 29, 2015 8:32am
Quoting dee50
GER30+115x6.+10x6.+58x6.+16x6.+10x6. +2 ongoing B/E +20 & B/E +10. I am currently wondering if I should close the last 2 trades. if I get a second bounce off 10750 i am going to close. The 2 vertical dashed lines close together are just there to show you on which bar I entered. {image}
With opened mouth Very nice trades !

Some more analysis, but without trades, I am only watching it realtime:
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  • #3,866
  • Oct 29, 2015 8:59am Oct 29, 2015 8:59am
Quoting dee50
GER30+115x6.+10x6.+58x6.+16x6.+10x6. +2 ongoing B/E +20 & B/E +10. I am currently wondering if I should close the last 2 trades. if I get a second bounce off 10750 i am going to close. The 2 vertical dashed lines close together are just there to show you on which bar I entered. The +16 was a hit on a trailing stop, the 2 +10s were just 2 trades I jumped in for +10. For the 10 pip stochs to complete the up cycle would take approx 3 bars so price could pullback to 10790, so my current SLs could be safe, also the 200ema and an S&R level are in the...
Hey masta, what kept you off from closing that +115 trade when price has been stalled in the middle of the chart for two hours. And you even shorted some more.
I was long from 10818 and stopped out 2h later. I will post my chart when back at home.
:: everything is awesome ::
  • #3,867
  • Oct 29, 2015 9:14am Oct 29, 2015 9:14am
Still holding the last 2 trades I am watching the 10 pip stochs, notice that the last 3 bars did not take the stochs over the 50 line showing downward momentum, even though there was a divergence on the last swing low, my one reservation is that it is 17.10pm CET, closing time, and from now price is likely to consolidate. How ever, if I move my SLs to 10787 i would be taken out for +38 & +28 respectable numbers, if price were to reverse during the asian session.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 10 pip 291015.png Size: 53 KB
Cut your Losers short and let your Winners run.
  • #3,868
  • Oct 29, 2015 9:24am Oct 29, 2015 9:24am
Quoting Black Fox
{quote} Hey masta, what kept you off from closing that +115 trade when price has been stalled in the middle of the chart for two hours. And you even shorted some more. I was long from 10818 and stopped out 2h later. I will post my chart when back at home.
Pull a Fib down from the high to 10800, the area where price consolidated, and you will see that the 38% retr became resistance, that is why I stuck in a 10 pip trade on the first rejection, then added another trade on the second rejection and another trade on the third rejection, also look at the stochs, barely made it over the 50 line and MACD stayed below the 0.00 line, all indicating continued downward momentum.
Cut your Losers short and let your Winners run.
  • #3,869
  • Edited 11:00am Oct 29, 2015 9:39am | Edited 11:00am
GER30. +38+28. Moved the SLs down just in the nick of time, looks like the divergence eventually kicked in, although in reality, this is what happens every evening at closing time. Disappointing day for me did not make the pips I wanted
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+38+28. 291015.png Size: 47 KB
Cut your Losers short and let your Winners run.
  • #3,870
  • Oct 29, 2015 9:56am Oct 29, 2015 9:56am
Quoting Matomi
{quote} With opened mouth Very nice trades ! Some more analysis, but without trades, I am only watching it realtime: {image}
Nice analysis. Just a comment, I used to pay attention to "all" the Fib numbers I would watch them religiously, only to see them ignored time and time again just like the Pivots. if you look around the Forums and the web you will see 61.8%, 50% & 38.2% mentioned all the time, the others tend to be mentioned only on a few threads and rarely referred to by the Pros, the more traders looking at some thing the more likely that there will be a reaction to it.
Cut your Losers short and let your Winners run.
  • #3,871
  • Oct 29, 2015 10:04am Oct 29, 2015 10:04am
Quoting Matomi
{quote} You hope right ! + 3x 10 pips I do not want to be negative, but I am bit confused what will bring range and choppy days on DAX, similiar which were during the summer. And your morning +50 was excelent one , do you continue or you are done for today ? {image}
Summer trading is different, because of the Holidays there are less traders trading, this creates more volatility which results in more ranging and choppy days, basically what happens is, is that smaller orders will create more volatility because there are less traders to respond to those orders, in normal trading small orders would just be hoovered up and hardly create a ripple but in a smaller market they have a greater impact, this is what makes summer trading a lottery and if you test systems during the summer you have to remember that those results will only apply to the summer and not the rest of the year.
Cut your Losers short and let your Winners run.
  • #3,872
  • Oct 29, 2015 12:04pm Oct 29, 2015 12:04pm
Quoting dee50
{quote} Summer trading is different, because of the Holidays there are less traders trading, this creates more volatility which results in more ranging and choppy days, basically what happens is, is that smaller orders will create more volatility because there are less traders to respond to those orders, in normal trading small orders would just be hoovered up and hardly create a ripple but in a smaller market they have a greater impact, this is what makes summer trading a lottery and if you test systems during the summer you have to remember that...
Thank you for your reasons, you are absolutely right about summer trading, I am identified with that

To my Fibonacci indicator: It is stuff from one very popular trader in my country, and more people said me, that those levels are very accurate. I was always skeptical about Fibonacci indis, but this look good, yet. I prefer as clear chart as it is possible, I usually delete everything what I do not need in chart. So only useful indicators are in my chart.

I must admit that I did not read all your posts in this thread, but I still miss some info about for what exactly Stochastic are you using for. Concept as a cycle indicator I understood I think - Stochastic shows start, middle and end of momentum/swing or generally movement. Somewhere on previous page you showed stochastic as a corection confirming stuff (tops (swings) of stochastic in extreme below 20 or above 80). And today you posted picture where you used stochastic as a momentum confirmator.
- Personally I use it as divergence indicator primary with MACD together and as a cycle indicator, too.

I am looking forward your next trades
  • #3,873
  • Edited Oct 30, 2015 2:40am Oct 29, 2015 3:30pm | Edited Oct 30, 2015 2:40am
Now when I look at it I see that it was too deep pullback of after FOMC swing low to high. Way over 61.8 fibo.
What I saw then was this:

2B with hidden bullish divergence followed imediatelly with "regular" bullish divergence.
Stochastic was sloping up and velocity (smoothed momentum) was above zero.

Adaptive DSS just started sloping down but at that point it could shoot a hundred pips in both directions as that is a nature of this indicator.
If I had a time stop in my mind should exit after one hour i.e. move TP to BE. Spot blue X on chart 12 pips above entry.

BTW look at red X below. No double bottom but bullish divergence on MACD and price bounced in V formation 60-70 pips.

Edit: And of course, one more thing, all this action was around Big Round Number --> 10800.
Attached Image (click to enlarge)
Click to Enlarge Name: too deep pullback.png Size: 64 KB
:: everything is awesome ::
  • #3,874
  • Oct 30, 2015 4:38am Oct 30, 2015 4:38am
Now, we will see - long or short...
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  • #3,875
  • Oct 30, 2015 11:12am Oct 30, 2015 11:12am
dax 4H

wish you a good weekend
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nescentia necat
  • #3,876
  • Oct 31, 2015 4:49am Oct 31, 2015 4:49am
If you have not done so already, I highly recommend reading this thread.

http://www.forexfactory.com/showthread.php?t=563723

TRADING S&D WITH FACTS E-BOOK by "willo123"

I have never bothered with Supply and Demand zones, as I found the basic concept to be flawed, "willo123" explains the reasoning behind this belief much better than I ever could.
Cut your Losers short and let your Winners run.
  • #3,877
  • Oct 31, 2015 8:47am Oct 31, 2015 8:47am
Hi, thanks for the link, interesting reading. Original and thought-provoking.​
  • #3,878
  • Nov 2, 2015 1:05am Nov 2, 2015 1:05am
Quoting friska
{quote} yes sound right, but no idea how to do. I attach the file .mq4 I found. if someone capable can give a look ... {file}

I got someone to do the changes we previously discussed. Also included the choice to opt out of some of the 'lines'. Will be good to see if these two options help with efficiency of this indicator. A (different) coder did not think it will make much difference but I wanted to give it a go anyway. Have ramped up my charts to allow for 20K bars in history and charts; previously would cause my computer to hang. TMAx look-back-bars set to 1000, applied to 3 charts - we shall see

Feedback appreciated.
Attached File(s)
File Type: ex4 TMAx.ex4   37 KB | 313 downloads
File Type: mq4 TMAx.mq4   14 KB | 353 downloads
  • #3,879
  • Nov 2, 2015 2:52am Nov 2, 2015 2:52am
GER30 +112x3.+24x6. +ongoing. I still have 3 running from my first trade, target is 10980, I slipped in a short for +24 a pullback to 10900, only just made it.
Not convinced that it will make it up to TP. 20 day ADR is 190 and we have already done 212 today, so I may just close the rest for now and keep an eye open for another entry.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+112x3.+24.+ongoing. 21115.png Size: 45 KB
Cut your Losers short and let your Winners run.
  • #3,880
  • Nov 2, 2015 2:58am Nov 2, 2015 2:58am
Quoting mact4
{quote} I got someone to do the changes we previously discussed. Also included the choice to opt out of some of the 'lines'. Will be good to see if these two options help with efficiency of this indicator. A (different) coder did not think it will make much difference but I wanted to give it a go anyway. Have ramped up my charts to allow for 20K bars in history and charts; previously would cause my computer to hang. TMAx look-back-bars set to 1000, applied to 3 charts - we shall see Feedback appreciated. {file} {file}
Will give it a go for you, but I have not had any problems as I only ran the TMA on 1x 5 pip chart, But I will change my set up and see if it effects my 13 year old HP.
Cut your Losers short and let your Winners run.
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