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  • #4,201
  • Dec 3, 2015 7:58am Dec 3, 2015 7:58am
Quoting friska
updating chart post#4171 {image}
Thanks.

Daily shows the 200 MA at about 10700, and the 50 MA at 10750, looks like we may have hit bottom for now
Cut your Losers short and let your Winners run.
  • #4,202
  • Dec 3, 2015 8:00am Dec 3, 2015 8:00am
Quoting drammen
Was about time for both DAX and EU to reverse. Jesus christ, would've thought 8GB RAM I7 would suffice, but the lag is too much! {image} {image}
Ok. Christmas present to myself - Upgrade!!!!
  • #4,203
  • Dec 3, 2015 8:10am Dec 3, 2015 8:10am
GER30 B/E+85 ongoing. B/E+3 ongoing. Back to normal trading, lets see if we get to the 50% retr before end of play. Because there could be more volatility I reduced the risk down to a minimum.

Quick update. The bounce off the 38% took me out, looking for another one.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 BE+85BE+3 ongoing 31215.png Size: 40 KB
Cut your Losers short and let your Winners run.
  • #4,204
  • Dec 3, 2015 8:10am Dec 3, 2015 8:10am
Quoting BugattiBoy
{image} Hey Renko experts, I just want to know why my renko made a spike and didn't make bricks down to that level?
Okay I see this post has drifted from the OP initiative of helping people
  • #4,205
  • Dec 3, 2015 8:13am Dec 3, 2015 8:13am
Quoting dee50
GER30 +18x6+10x6+10x6+10x6. Had to resort to scalping, by the time I got back every thing had happened, again, and I do not know about you but when I have been away for a few hours I lose the rhythm of the market and it takes a little while to get back into it, so the safest thing, for me at least, is to scalp. {image}
Hi.

Is this scalping based off Renko 5 pips ?
  • #4,206
  • Dec 3, 2015 8:17am Dec 3, 2015 8:17am
Quoting dee50
{quote} Thanks. Daily shows the 200 MA at about 10700, and the 50 MA at 10750, looks like we may have hit bottom for now

yes I also think
but I think that the bear move is not complete yet ...
we'll see..
same D chart with candle
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-03 alle 15.20.10.png Size: 187 KB
nescentia necat
  • #4,207
  • Dec 3, 2015 8:18am Dec 3, 2015 8:18am
Quoting drammen
Was about time for both DAX and EU to reverse. Jesus christ, would've thought 8GB RAM I7 would suffice, but the lag is too much! {image} {image}
Some handsome looking trades there.

With the amount of tick data that was coming thru you could have had the NSA's super computer and that would have lagged as well!

Haven't seen you for a while, thought you had left us for more mature traders.
Cut your Losers short and let your Winners run.
  • #4,208
  • Dec 3, 2015 8:24am Dec 3, 2015 8:24am
Quoting BugattiBoy
{quote} Okay I see this post has drifted from the OP initiative of helping people
You know snide remarks like that do not endear you to any one. That question has been answered so many times before it is getting tedious, the last time was very recently just a couple of pages back. And in case you had not noticed it was a major news day and peoples focus was on the market.
Cut your Losers short and let your Winners run.
  • #4,209
  • Dec 3, 2015 8:24am Dec 3, 2015 8:24am
Quoting lansett
{quote} Hi. Is this scalping based off Renko 5 pips ?
Yes.
Cut your Losers short and let your Winners run.
  • #4,210
  • Dec 3, 2015 8:36am Dec 3, 2015 8:36am
Quoting dee50
{quote} You know snide remarks like that do not endear you to any one. That question has been answered so many times before it is getting tedious, the last time was very recently just a couple of pages back. And in case you had not noticed it was a major news day and peoples focus was on the market.
Well said.
  • #4,211
  • Dec 3, 2015 9:20am Dec 3, 2015 9:20am
Quoting friska
{quote} yes I also think but I think that the bear move is not complete yet ... we'll see.. same D chart with candle {image}
Looks like you could be right.
Looking at the chart, are you saying that 10600 is the next level, I can see the 38% at 10732 but the next red horizontal line is shorter than the others and looks to be at about 10600.
You will have to help me out with some highlites (not in my hair) on the important levels.
Cut your Losers short and let your Winners run.
  • #4,212
  • Edited 9:47am Dec 3, 2015 9:36am | Edited 9:47am
Quoting dee50
{quote} Some handsome looking trades there. With the amount of tick data that was coming thru you could have had the NSA's super computer and that would have lagged as well! Haven't seen you for a while, thought you had left us for more mature traders.
Thank you! Likwise! Wouldn't surprise me if that were to be the case. Not at all! I set on a journey to learn some new techniques, have picked some nice ones on the way. Journey is still not finished, will tell you all about it when i have mastered what i have acquired. This thread is still my home Atm i could see price moving down making double bottom/w-pattern creating divergence before reversing.

Something like this maybe?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB
Energy, frequency and vibration.
  • #4,213
  • Edited 10:51am Dec 3, 2015 10:28am | Edited 10:51am
Quoting drammen
{quote} Thank you! Likwise! Wouldn't surprise me if that were to be the case. Not at all! I set on a journey to learn some new techniques, have picked some nice ones on the way. Journey is still not finished, will tell you all about it when i have mastered what i have acquired. This thread is still my home Atm i could see price moving down making double bottom/w-pattern creating divergence before reversing. Something like this maybe? {image}

wow nice session drammen!!!

Quoting dee50
{quote} Looks like you could be right. Looking at the chart, are you saying that 10600 is the next level, I can see the 38% at 10732 but the next red horizontal line is shorter than the others and looks to be at about 10600. You will have to help me out with some highlites (not in my hair) on the important levels.

some chart with line,
fibo on D show me 0.382 on 10680/75 and a major level 10640zone...
for me this may be a good bearish target for a succ long continuation,
but we know that the first of those levels we have other important zones to overcome and eu did a good bounce,
then we have to see if they have the strength to keep on up..
what d u think about?
we'll see, the important thing is to remember to operate on what we see and do not block our mind on crystal ball prevision..
right?

D
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1H
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D mt4
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EDIT: meanwhile I write 10800 passed without problem
nescentia necat
  • #4,214
  • Dec 3, 2015 11:00am Dec 3, 2015 11:00am
Quoting friska
{quote} wow nice session drammen!!! {quote} some chart with line, fibo on D show me 0.382 on 10680/75 and a major level 10640zone... for me this may be a good bearish target for a succ long continuation, but we know that the first of those levels we have other important zones to overcome and eu did a good bounce, then we have to see if they have the strength to keep on up.. what d u think about? we'll see, the important thing is to remember to operate on what we see and do not block our mind on crystal ball prevision.....
I quite like the look of the 10680 level it has confluence with the 200 ema and it has been a major reaction level only a couple of times on the Daily, but then that is why I ask you because I haven't got a clue.
Cut your Losers short and let your Winners run.
  • #4,215
  • Dec 3, 2015 11:06am Dec 3, 2015 11:06am
GER30 +58+48+10+60+28+10+100. I think I am done for the day and you will not see me tomorrow only if I spend a fortune in the morning and have to make it back.

Draghi is the only Central Banker who is good for the average traders account.

Off to feed the cats.

PS. Just look at the Stochs cycle for the entries, apart from that one 10 pip long although divergence and the bounce off the 61.8% did justify the entry.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #4,216
  • Dec 3, 2015 1:15pm Dec 3, 2015 1:15pm
Quoting floydiano7
{quote} Dee... are you human? Or you just a super computer that is doing trading and playing chess against Kasparov, Kramnik and Carlsen at the same time? I read the thread but could you please explain a little bit more your entries? Specially how you draw and chosse what fibbo levels to use. Thank you in advance. (it's the first time that I thank to a computer)
HI. Luckily I had not switched off yet and spotted your post.
I like the way people always say "Can you explain a little bit about" a subject that took months to get to grips with. never the less, here is an abridged version.
Fibs. I use the prior days Hi/Lo Lo/Hi and watch for reactions at the 38% 50% and 61.8%, I also use these as Target levels. There are many examples available on this thread.


You really should know about Fib Retracements and how to draw them, if you are serious about trading.

Fib Expansions are a lesser known element and relate directly to the 123 pattern.
The 123 Pattern fibos are well explained in the PDFs in the attachment section. I aim for the 161.8% and 200% expansions. There are literally hundreds of chart examples just on this thread.
Cut your Losers short and let your Winners run.
  • #4,217
  • Dec 3, 2015 1:21pm Dec 3, 2015 1:21pm
That mini Order Entry Manager that I found via the Hotkey. ALT - B, I found information about it.

It is actually called "Depth Of Market" instructions on how to use it can be found in the Help Topics on your MT4. Just type in the search box "Depth" and the following appears.

This tool is so easy to set up and use I can not understand why more traders are not using it, perhaps because it is hidden away and perhaps its name is misleading, because it certainly does not give you any "depth" of market but it is a neat Quick Order Entry Manager.
Attached Image (click to enlarge)
Click to Enlarge Name: DOM.png Size: 48 KB
Cut your Losers short and let your Winners run.
  • #4,218
  • Dec 3, 2015 1:33pm Dec 3, 2015 1:33pm
Quoting dee50
{quote} HI. Luckily I had not switched off yet and spotted your post. I like the way people always say "Can you explain a little bit about" a subject that took months to get to grips with. never the less, here is an abridged version. Fibs. I use the prior days Hi/Lo Lo/Hi and watch for reactions at the 38% 50% and 61.8%, I also use these as Target levels. There are many examples available on this thread. You really should know about Fib Retracements and how to draw them, if you are serious about trading. Fib Expansions are a lesser known element...
Thank you for your answer.
That "abridged" version was exactly what I want. I wanted to know what Hi/Lo are you using, and what levels you pay special attention.
I know what fib retracements are, but thank you for your time to, in case that I wouldn't know, explain this point too.

And just as I said, I still think that you are a machine.
Best regards.
  • #4,219
  • Dec 3, 2015 1:38pm Dec 3, 2015 1:38pm
Quoting dee50
That mini Order Entry Manager that I found via the Hotkey. ALT - B, I found information about it. It is actually called "Depth Of Market" instructions on how to use it can be found in the Help Topics on your MT4. Just type in the search box "Depth" and the following appears. This tool is so easy to set up and use I can not understand why more traders are not using it, perhaps because it is hidden away and perhaps its name is misleading, because it certainly does not give you any "depth" of market but it is a neat Quick Order Entry Manager. {image}...
I've used it for quite a while, not for pending orders, but just have it open on the side pre-filled with my default lot size, sl + tp

Do you tend to use pending orders most of the time? or more for scalping on the 5p and 3p?
  • #4,220
  • Edited 2:17am Dec 4, 2015 2:01am | Edited 2:17am
Quoting friska
{quote} wow nice session drammen!!! {quote} some chart with line, fibo on D show me 0.382 on 10680/75 and a major level 10640zone... for me this may be a good bearish target for a succ long continuation, but we know that the first of those levels we have other important zones to overcome and eu did a good bounce, then we have to see if they have the strength to keep on up.. what d u think about? we'll see, the important thing is to remember to operate on what we see and do not block our mind on crystal ball prevision.....
Quoting dee50
{quote} I quite like the look of the 10680 level it has confluence with the 200 ema and it has been a major reaction level only a couple of times on the Daily, but then that is why I ask you because I haven't got a clue.



GM all

10680--->10640 touched.
1H
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D
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nescentia necat
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