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  • #4,081
  • Nov 26, 2015 3:43am Nov 26, 2015 3:43am
Ongoing trade update. I moved my TP upto 11300 because there was no significant reaction as price approached 11280.
I am keeping an eye on the Tails of the 5 pip Renko, once we start to see a few more consecutive tails this signals that momentum is starting to fade and there could be a pullback. The trick here is not to get faked out of the trade too soon.
Cut your Losers short and let your Winners run.
  • #4,082
  • Nov 26, 2015 3:46am Nov 26, 2015 3:46am
Quoting dee50
GER30 B/E +2 ongoing. Reason for entry! No technical set up other than a Pullback and the Obvious, "Don't Fight The Trend". I have down sized my lots on this one, lower risk as I am not sure how strong the sentiment will be with the Thanks Giving Holiday. The Breakout above 11250 has given me a little more confidence so I have moved my TP upto the 11280 level instead of taking profit earlier. {image}
I'd marked up some hidden divergence in the ranging area where you entered - do you think that would be valid.. I think you're going to say it isn't necessarily because of the strong trend ?
  • #4,083
  • Nov 26, 2015 3:54am Nov 26, 2015 3:54am
Quoting superjolt
{quote} I'd marked up some hidden divergence in the ranging area where you entered - do you think that would be valid.. I think you're going to say it isn't necessarily because of the strong trend ?
You are actually correct. Hidden Divergence is more relevant in a strong trend because it signals a continuation of trend, where as Regular Divergence signals a change in trend which in a strong uptrend like this one is more likely to be a Pullback than a Reversal.

By the way, well spotted I did not see the Hdiv. missed it completely.
Cut your Losers short and let your Winners run.
  • #4,084
  • Nov 26, 2015 3:55am Nov 26, 2015 3:55am
Quoting dee50
{quote} You are actually correct. Hidden Divergence is more relevant in a strong trend because it signals a continuation of trend, where as Regular Divergence signals a change in trend which in a strong uptrend like this one is more likely to be a Pullback than a Reversal. By the way, well spotted I did not see the Hdiv. missed it completely.
Ahhh! Excellent, you made my day!
  • #4,085
  • Nov 26, 2015 4:08am Nov 26, 2015 4:08am
Update. I have moved my TP upto 11327 which is a minor S&R level off the 4 hr chart, we are in an area that is difficult to determine the exact S&R levels as this was a consolidation zone on the Higher time frames, so pick a number and go for it or Trail your stop until it gets hit.
Cut your Losers short and let your Winners run.
  • #4,086
  • Nov 26, 2015 4:27am Nov 26, 2015 4:27am
GER30 +63. Consolidation at the 11300, I gave it a chance but now I have closed the trade, 5 pip stochs did not get back into OB. I can always enter again! Although at this time on a Holiday, it will probably only be a scalp or two.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 +63 261115.png Size: 46 KB
Cut your Losers short and let your Winners run.
  • #4,087
  • Nov 26, 2015 5:03am Nov 26, 2015 5:03am
Perfect example of when not to take a divergence seriously. 5 pip chart, Dbl Top + Div, but, look at the stochs it is staying above the 50 line so we have conflicting signals, there was a 15 pip down move which barely registered on the stochs. I would expect 3 - 4 bars to complete a stochs cycle where as in this instance it has barely registered. Also, the Dbl Top has happened where? are we at a significant level? you could say we are at a BRN, but i would be inclined to look for a scalp long or wait for a confirmed reversal. Action, stay out!!

EDIT. as I was typing the dbl top was negated.
Attached Image (click to enlarge)
Click to Enlarge Name: Dbl Top + Div 261115.png Size: 24 KB
Cut your Losers short and let your Winners run.
  • #4,088
  • Nov 26, 2015 8:04am Nov 26, 2015 8:04am
GER30 +25x6+10x6+10x6+10x6. Changed down to the 3 pip Renko to scalp. maybe one more then I shall call it a day.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+25+10+10+10 261115.png Size: 61 KB
Cut your Losers short and let your Winners run.
  • #4,089
  • Nov 26, 2015 8:14am Nov 26, 2015 8:14am
Hi Dee50, not fair though, I sent you a message and got no reply from you, I asked for the page where you explained the way you trade or just reply to my inbox giving me some pointers.
Read in between the price!!!
  • #4,090
  • Nov 26, 2015 9:17am Nov 26, 2015 9:17am
Quoting calebfx
Hi Dee50, not fair though, I sent you a message and got no reply from you, I asked for the page where you explained the way you trade or just reply to my inbox giving me some pointers.
Really!!!

Look here
http://www.forexfactory.com/showthre...02#post8610502

and here
http://www.forexfactory.com/showthre...13#post8610613

and here
http://www.forexfactory.com/showthre...68#post8610768

You might notice that they all have one thing in common, they are all on page 204, this is currently page 205.
Cut your Losers short and let your Winners run.
  • #4,091
  • Nov 26, 2015 9:17am Nov 26, 2015 9:17am
Work in progress.....

PS @ dee50 - you have the patience of a Saint!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nov26 dax 5pt rko 1609.png Size: 44 KB
Click to Enlarge Name: nov26 dax 3pt rko 1609.png Size: 58 KB
Trading Levels with WRBs
  • #4,092
  • Nov 26, 2015 9:22am Nov 26, 2015 9:22am
Ger30 +1x6. +10x6. OK these last 2 trades trades were excruciating, I felt my life slipping away for 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+1x6 +10x6 261115.png Size: 24 KB
Cut your Losers short and let your Winners run.
  • #4,093
  • Nov 26, 2015 9:41am Nov 26, 2015 9:41am
Quoting Islander
Work in progress..... PS @ dee50 - you have the patience of a Saint! {image} {image}
HAHAHA. Don't you believe it!! My tongue is quite sore because I had to bite down hard on it.
Cut your Losers short and let your Winners run.
  • #4,094
  • Nov 26, 2015 10:30am Nov 26, 2015 10:30am
Quoting dee50
{quote} Really!!! Look here http://www.forexfactory.com/showthre...02#post8610502 and here http://www.forexfactory.com/showthre...13#post8610613 and here http://www.forexfactory.com/showthre...68#post8610768 You might notice that they all have one thing in common, they are all on page 204, this is currently page 205.
Thanks Dee50 hope no offence taken, it's just that I did send the PM on the 23rd so I came on page 205 and wanted to get your attention to my PM but thank you for your patience, I will now go through the information given.
Read in between the price!!!
  • #4,095
  • Nov 26, 2015 10:58am Nov 26, 2015 10:58am
Quoting calebfx
{quote} Thanks Dee50 hope no offence taken, it's just that I did send the PM on the 23rd so I came on page 205 and wanted to get your attention to my PM but thank you for your patience, I will now go through the information given.
My last word on the matter. http://www.forexfactory.com/showthre...88#post8608288
Cut your Losers short and let your Winners run.
  • #4,096
  • Nov 26, 2015 11:13am Nov 26, 2015 11:13am
Quoting dee50
{quote} My last word on the matter. http://www.forexfactory.com/showthre...88#post8608288
What are you on, dee50 >10 posts in a single day - quality and quantity... whatever next !?

(but keep 'em coming...)

jt (not only older, but also taller, than you )
  • #4,097
  • Nov 26, 2015 2:16pm Nov 26, 2015 2:16pm
Quoting dee50
{quote} My last word on the matter. http://www.forexfactory.com/showthre...88#post8608288
Thank you Dee50, you have been kind to me, love you.
Read in between the price!!!
  • #4,098
  • Nov 26, 2015 2:56pm Nov 26, 2015 2:56pm
dee50 am glad you are back .Please check if my understanding of this method is correct.

A) 1)Before ANY trade can take place you MUST first see 1 oF 2 things either a DEV OR a 123 revrsal pattern
sometimes you will see both

2) When you do see a DEV it must occurr at a significant level fib,brn,s&r.BUT before you pull the trigger the stochastic must be either overbought/oversold or above/below 50 level
3) When you do see a 123 pattern it must occurr at a significant level AND stochastic must be either overbought /oversold or above /below 50 level
B)When you see a dev And a 123 pattern you just take the trade

Awaiting your reply
  • #4,099
  • Nov 26, 2015 5:43pm Nov 26, 2015 5:43pm
Quoting dee50
Perfect example of when not to take a divergence seriously. 5 pip chart, Dbl Top + Div, but, look at the stochs it is staying above the 50 line so we have conflicting signals, there was a 15 pip down move which barely registered on the stochs. I would expect 3 - 4 bars to complete a stochs cycle where as in this instance it has barely registered. Also, the Dbl Top has happened where? are we at a significant level? you could say we are at a BRN, but i would be inclined to look for a scalp long or wait for a confirmed reversal. Action, stay out!!...
+25,+9,+16, -14, +8

I love this suggestion!!! Look what I did in this place I felt in this place that I haven't any strong SR.And it finished SL.
I saw morning near 11190 that trend is strong but I hadn't cojones to get in.My mistake It's good that I didin't take short because few weeks ago I made a lot of this kind mistakes.Now I'm little smart.
So,first stop and I started looking for Long.Market didn't show any guidance for Short.Trend was strong.So I get in but I was also much afraid that it strong tooks so long(stupid thinking).So on 3 renko I scalp this part of session.This part of session was quite ok for me.
Next stop and as You wrote Dee.I saw DBL TOP,DIV and BRN.And got short.It ended in SL(second screen)
I was thinking when the trend will ended.I'm not good in SR painting.I found the reason to end the trend(second scree)-161,8 % Fibo.Dee,do You have other reason that trend stop in this place?
Short was taken quite good.But exit was terrible.I should exit on 161% fibo showed on third screen.
In conclusion I'm learning slowly but I see little progress.Step by step.Dee,Your posts(today with this stoch situation) are fantastic!!!
Attached Image(s) (click to enlarge)
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  • #4,100
  • Nov 26, 2015 5:48pm Nov 26, 2015 5:48pm
Quoting Parr
{quote} +25,+9,+16, -14, +8 I love this suggestion!!! Look what I did in this place I felt in this place that I haven't any strong SR.And it finished SL. I saw morning near 11190 that trend is strong but I hadn't cojones to get in.My mistake It's good that I didin't take short because few weeks ago I made a lot of this kind mistakes.Now I'm little smart. So,first stop and I started looking for Long.Market didn't show any guidance for Short.Trend was strong.So I get in but I was also much afraid that it strong tooks so long(stupid thinking).So...
....positive​ low risk pips....well played!!!!
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