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  • #4,021
  • Nov 16, 2015 8:03am Nov 16, 2015 8:03am
+24,+4,+51
But I,m not pleased, specialy first trade I had lucky.I should Closed trade on BE and waiting for next oportunity(second high and div).
Second trade I closed to late in the worst place( on the wick_)
Only 3d trade was ok.Little late entry div on 5renko and 10 renko.Exit on the same level that earlier intraday low and div on 3 renko.
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  • #4,022
  • Nov 16, 2015 10:57am Nov 16, 2015 10:57am
Quoting Parr
+24,+4,+51 But I,m not pleased, specialy first trade I had lucky.I should Closed trade on BE and waiting for next oportunity(second high and div). Second trade I closed to late in the worst place( on the wick_) Only 3d trade was ok.Little late entry div on 5renko and 10 renko.Exit on the same level that earlier intraday low and div on 3 renko. {image}
Which is that MA you are using?
  • #4,023
  • Nov 16, 2015 12:04pm Nov 16, 2015 12:04pm
Both, excellent results guys ! Me today +15 pips, but I was trading about 3 hours of all day, so it is not so bad. How could it be, I ended in +
BTW, I am back on classic time chart M1 DAX, it is far better for my Joe Ross strategy, but it could not be possible without 3 month experience with more cleaner Renko charts. My strategy is same, I have Stochastic + MACD in chart and I use it same as on Renko. So if I will get some more practice, I hope that I will post some nice pics there.
  • #4,024
  • Nov 16, 2015 12:31pm Nov 16, 2015 12:31pm
Quoting Art5
{quote} Which is that MA you are using?
I have a 60 and 150.I'm not on Dee level that I use EMAs.
Last two today's trades:

+30,+12
First almost ok,Second I exit too late.I should exit on 50 % FIB.I see that after my trading Dax very nice go up.There was triple bottom with nice Div.
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  • #4,025
  • Nov 16, 2015 2:23pm Nov 16, 2015 2:23pm
Quoting Parr
{quote} I have a 60 and 150.I'm not on Dee level that I use EMAs. Last two today's trades: +30,+12 First almost ok,Second I exit too late.I should exit on 50 % FIB.I see that after my trading Dax very nice go up.There was triple bottom with nice Div. {image}
Thanks for answering.

And what is that Magenta and Skyblue arrow?

The size of your renko brick?

Thanks again!!

God bless
  • #4,026
  • Nov 16, 2015 3:22pm Nov 16, 2015 3:22pm
Quoting Matomi
Both, excellent results guys ! Me today +15 pips, but I was trading about 3 hours of all day, so it is not so bad. How could it be, I ended in + BTW, I am back on classic time chart M1 DAX, it is far better for my Joe Ross strategy, but it could not be possible without 3 month experience with more cleaner Renko charts. My strategy is same, I have Stochastic + MACD in chart and I use it same as on Renko. So if I will get some more practice, I hope that I will post some nice pics there.
I like toggle back to the M1 to fine tune entry and escape......the Renco is invaluable for clearing out the noise
  • #4,027
  • Nov 17, 2015 1:43am Nov 17, 2015 1:43am
Quoting Art5
{quote} Thanks for answering. And what is that Magenta and Skyblue arrow? The size of your renko brick? Thanks again!! God bless
ASCT Trend Alert.Buy I using this very rarerly.Seriously I don't take this indicator.
This is 5 point brick renko.
  • #4,028
  • Nov 17, 2015 2:12am Nov 17, 2015 2:12am
Quoting PhilippineFX
{quote} I like toggle back to the M1 to fine tune entry and escape......the Renco is invaluable for clearing out the noise
It depends on strategy. I am using 123 Pattern + Ross Hook, it is first what market do when trend is changing. It wants far more singleness as Renkos, but accurate is matchless
  • #4,029
  • Nov 17, 2015 5:05am Nov 17, 2015 5:05am
divergence and 1.618 extension BRN good case for a short
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  • #4,030
  • Nov 17, 2015 5:16am Nov 17, 2015 5:16am
This is for you Matomi..market ranging for the moment..stochs bottomed out....triple bounce off trend line....out at BRN and 61.8fib retrace....time in market 62 seconds....11 pips
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  • #4,031
  • Nov 17, 2015 5:45am Nov 17, 2015 5:45am
Quoting PhilippineFX
This is for you Matomi..market ranging for the moment..stochs bottomed out....triple bounce off trend line....out at BRN and 61.8fib retrace....time in market 62 seconds....11 pips {image}
I just read your PM, thank you for pic, nice trade Me today +15 pips, but I am doing too much other things, so I missed about 100 pips from morning in 10 pips scalps... But my broker XTB has original Xetra calculation 1 pip = 25€ on DAX, so for me it is like 37,5 pips Now it is little bit mess, but today we have nice uptrend and I think we continue. Good luck with your next trades
  • #4,032
  • Nov 17, 2015 5:55am Nov 17, 2015 5:55am
Very Frustrating trading day.hurts a lot.To all of You ,who think that it's so easy.Itsin't.
-15,-6,-4,-3,-3,-2,-6,-2 and S ongoing

I was trying all today hit S on div specially..When the market was up I often take nice on almost top S.When I scalp it,it will be better result.But I had 8 trades on -
Whe Dee will come he will kick my ass and shake my head.
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  • #4,033
  • Nov 17, 2015 6:08am Nov 17, 2015 6:08am
Quoting Parr
Very Frustrating trading day.hurts a lot.To all of You ,who think that it's so easy.Itsin't. -15,-6,-4,-3,-3,-2,-6,-2 and S ongoing I was trying all today hit S on div specially..When the market was up I often take nice on almost top S.When I scalp it,it will be better result.But I had 8 trades on - Whe Dee will come he will kick my ass and shake my head. {image}
WTF.

What did I say about Divergence in a strong trend? And today is about as strong as it gets.
Be careful, Divergence in a strong trend will only be good for a Pullback, wait for price to Prove the change of direction with a 123. Preferably on a HTF.

If you feel the urge to scalp during a strong trend, scalp the trend, that way you will only have 1 loser when the price eventually turns.
Cut your Losers short and let your Winners run.
  • #4,034
  • Nov 17, 2015 6:19am Nov 17, 2015 6:19am
Quoting dee50
{quote} WTF. What did I say about Divergence in a strong trend? And today is about as strong as it gets. Be careful, Divergence in a strong trend will only be good for a Pullback, wait for price to Prove the change of direction with a 123. Preferably on a HTF. If you feel the urge to scalp during a strong trend, scalp the trend, that way you will only have 1 loser when the price eventually turns.
You are absolutly right!After yesterday tripple bottom on Renko 10 I told to my self that is nice oportunity to push market higer.And market did it.Ehhh, my false.Sometimes I'm on the market like a blind man.
It's great that You are with us and You come back.I hope with Your neigbors things are going in right direction (it's easier to write - harder is in real life)
I wrote few days to You short PM,did You read it?
  • #4,035
  • Nov 17, 2015 6:21am Nov 17, 2015 6:21am
GER30+2x6+10x6+10x6+10x6+88x3+x3 ongoing.

Funeral is tomorrow so I have had a chance to sit and trade.
First trade the market messed with my head, I entered on a 123 some what cautiously because 10850 had been a particularly strong S&R level and sure enough price went up to dbl top + Div + S&R +BRN I moved my SL to B/E+2 and the market came back, slapped my face and said Gottcha! Now I found that vaguely insulting so the first opportunity I got I re entered and as price went flying past the 10850 level, I turned, looked at the market and said
Attached Image

The rest was easy, stay with the TREND, you do not often see price and the MAs at such an acute angle.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #4,036
  • Nov 17, 2015 6:40am Nov 17, 2015 6:40am
Quoting dee50
GER30+2x6+10x6+10x6+10x6+88x3+x3 ongoing. Funeral is tomorrow so I have had a chance to sit and trade. First trade the market messed with my head, I entered on a 123 some what cautiously because 10850 had been a particularly strong S&R level and sure enough price went up to dbl top + Div + S&R +BRN I moved my SL to B/E+2 and the market came back, slapped my face and said Gottcha! Now I found that vaguely insulting so the first opportunity I got I re entered and as price went flying past the 10850 level, I turned, looked at the market and said {image}...
It's so easy when You look at it after the time when it happened.Impressive!
  • #4,037
  • Nov 17, 2015 7:51am Nov 17, 2015 7:51am
Quoting Parr
{quote} It's so easy when You look at it after the time when it happened.Impressive!
Nuckern, there is screen for you and for everybody who are interest about my J.Ross way:
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  • #4,038
  • Edited 9:38am Nov 17, 2015 9:20am | Edited 9:38am
if you really want to play around with Ross Hooks but do not have the faintest idea what they are, put this on a chart.

The PDF explains the settings, you will have to play around with them a bit, leave every thing on default and you will be swamped with signals, most of them crap, although technically correct.

I have no interest in it so do not ask me any questions, just posting it for you to play with.

PS. Forgot to mention, most of you have clearly Not read the PDF about the TTE Entry method, you might want to, it helps greatly with Ross Hooks. here is the link
http://www.forexfactory.com/showthre...81#post8020881
Attached File(s)
File Type: pdf 123 RH settings.pdf   64 KB | 866 downloads
File Type: ex4 show123v2.ex4   57 KB | 534 downloads
Cut your Losers short and let your Winners run.
  • #4,039
  • Nov 17, 2015 10:45am Nov 17, 2015 10:45am
Quoting dee50
if you really want to play around with Ross Hooks but do not have the faintest idea what they are, put this on a chart. The PDF explains the settings, you will have to play around with them a bit, leave every thing on default and you will be swamped with signals, most of them crap, although technically correct. I have no interest in it so do not ask me any questions, just posting it for you to play with. PS. Forgot to mention, most of you have clearly Not read the PDF about the TTE Entry method, you might want to, it helps greatly with Ross Hooks....
Thank for your uploads, I was using that indicator for 2 months and I have to say, in starts of J.Ross it helped me a lot, because it is hard to spot every 123, every RH. If someones care about Joe Ross, first please read his free PDF "Law of Charts", there is everything most important about his know-how. I read his other books, too, but I can say that everything what you need to trading his patterns is that PDF. Indicators option is on everybody own, Stochastic and MACD by Dee50 are great stuff for me, so I use only these 2 ones
  • #4,040
  • Nov 17, 2015 11:06am Nov 17, 2015 11:06am
GER30+33x6+129x3+73x6. Second half of my long trade finally got hit, In between I managed to get a CT back to the 38% retr and then I played the long back into trend from the bounce off the 38%, so all in all not a bad day, you really needed to have patience today, a lot of back and forth, a lot of bars with Long Tails showing sellers putting up a fight but each green bar with a long tail just confirmed the direction. Also, every single red bar had a long tail too showing that the buyers were not making it easy. Remember! The clues are always on the chart, it just depends on if you are Sherlock or Columbo as to which direction you will trade.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
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