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  • #4,461
  • Dec 17, 2015 10:02am Dec 17, 2015 10:02am
Quoting bettervolume
thanx dee for the cycle explanation ...now I get it .Was worried when I didn't see you on the thread .Hope everything is ok with your health.I hope its nothing seriously wrong with your health
Thanks for the concern but no need to worry, the drugs keep me going, should be fine for quite a few years yet before any thing more drastic is required.
Cut your Losers short and let your Winners run.
  • #4,462
  • Dec 17, 2015 10:19am Dec 17, 2015 10:19am
GER30+100+15+15+2+15+2+35. The morning was great, this afternoon has been a real dog, rather stupidly I tried to trade the consolidation as if it was a range, as you see that did not work out too well, so now I am going to call it a day.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+100+15+15+2+15+2+35 171215.png Size: 62 KB
Cut your Losers short and let your Winners run.
  • #4,463
  • Dec 17, 2015 10:26am Dec 17, 2015 10:26am
Quoting dee50
GER30+100+15+15+2+15+2+35. The morning was great, this afternoon has been a real dog, rather stupidly I tried to trade the consolidation as if it was a range, as you see that did not work out too well, so now I am going to call it a day. {image}
It was a bit rangy on the 3p so I gave it go and wish I hadn't... some unexpected rapid moves took me out a couple of times... if you struggled then I had no chance!
  • #4,464
  • Dec 17, 2015 11:07am Dec 17, 2015 11:07am
Quoting superjolt
{quote} It was a bit rangy on the 3p so I gave it go and wish I hadn't... some unexpected rapid moves took me out a couple of times... if you struggled then I had no chance!
Don't know if this will help you, but here are my afternoon trades on a 3 pip chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 3 pip 171215.png Size: 67 KB
Cut your Losers short and let your Winners run.
  • #4,465
  • Dec 17, 2015 11:41am Dec 17, 2015 11:41am
Quoting dee50
{quote} Don't know if this will help you, but here are my afternoon trades on a 3 pip chart. {image}
Thanks dee
  • #4,466
  • Dec 17, 2015 1:19pm Dec 17, 2015 1:19pm
It is not just me that says these things.

The Rhythm of the Market. http://www.tradeciety.com/rhythm-for...stock-trading/

Indicators work. But you just don't know how to use them. http://www.tradeciety.com/indicators...hey-are-doing/

After reading the last link have a look at the FF link in the News Section and look at the Comments from the High and Mighty Price Action / Clean chart only Traders. What makes me laugh is that these jokers are not even making as many Pips per day as you, and they have been at it longer than you.
Cut your Losers short and let your Winners run.
  • #4,467
  • Dec 17, 2015 1:48pm Dec 17, 2015 1:48pm
DOW. I noticed that some of the Carpe Diem Traders, after the DAX has officially closed moved on to trade the DOW, so I have been keeping an eye on it and it definitely has potential, here are 2 charts 1 from yesterday and 1 for today. The ADR is similar to the DAX and price patterns are similar as well, so if any of you are Americans this might be an option for you when the rest of us are having our supper.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Dow 1.png Size: 68 KB
Click to Enlarge Name: Dow 2.png Size: 61 KB
Cut your Losers short and let your Winners run.
  • #4,468
  • Dec 17, 2015 3:13pm Dec 17, 2015 3:13pm
Quoting dee50
{quote} Don't know if this will help you, but here are my afternoon trades on a 3 pip chart. {image}
Very helpful!

My trades for today.. I'm really trying to get in rhythm.. So far not good! I'm not sure if I should buy a cycle or drums to feel the rhythm.

I didn't have 780level in my chart at the time.. So my buy was really dumb.
Attached Image (click to enlarge)
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  • #4,469
  • Dec 17, 2015 4:41pm Dec 17, 2015 4:41pm
Quoting dee50
GER30 +110. Well that was probably the easiest money you will ever earn, an absolute No Brainer, but things started so slowly I thought there was some thing wrong with my internet connection, I even got in at normal spread, go figure!! And now it is reversing. {image}
thats the """feel""....perfection..
  • #4,470
  • Dec 18, 2015 12:48am Dec 18, 2015 12:48am
Quoting dee50
I found it hard to believe when Philli mentioned that he is getting lots of PMs about the Price Cycle. What don't you understand about the word "Cycle". Let's add a word, "Stochastic" Cycle, is it getting clearer, No! What type of indicator is the Stochastic, it is an "Oscillator" what does the word "Oscillate" mean? The simple definition of "Oscillate" (cycle). To move in one direction and then back again many times. How to apply this to trading, Hmmn What does Price do, I know, it goes UP and Down, sounds familiar!! Does that mean that...
Thx Dee for so eloquently laying this all out in one simple post......there is one short simple line here which for me was the key to the Kingdom, " Now just watch the charts for a while and observe what is happening,"........Please folks I ask you to read post 4276......for the love of god stop trading for a couple days/weeks/months and just watch "the dance' until it starts to make sense. I am a bit slower than most so it took me a couple months. This is better than any system or robot.. It plugs you into the market. Even my awkward scalps [when combined with high leverage] are wildly profitable....Dee has perfected the dance over a large range of time frames.....not just the scalp.
  • #4,471
  • Dec 18, 2015 2:41am Dec 18, 2015 2:41am
dax + 4x5 and +4x13
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  • #4,472
  • Dec 18, 2015 2:49am Dec 18, 2015 2:49am
Dax + 17 +13....damn that was fast....70 seconds....this is Jive dancing...
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  • #4,473
  • Dec 18, 2015 3:01am Dec 18, 2015 3:01am
+4,+5.-4 , +1
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  • #4,474
  • Dec 18, 2015 3:10am Dec 18, 2015 3:10am
Here`s how that gaggle of trades looks on a renco line chart.....a nice manageable down trend with fairly even cycles....look at the waves of the macd and stochs....the dance was in sync between the 3 players....its catching its breath right now....god knows what is next
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  • #4,475
  • Dec 18, 2015 3:33am Dec 18, 2015 3:33am
A quick (big) thanks to the contributors!

Hey guys! Just wanted to say that I am really grateful for all the educational posts. I learned a lot since I started following the thread. It is fortunate that I stumbled upon it, as I was caught up (like most people are imo) trying to create the perfect system. Anyway, I am starting to see the light, although it's still a long way to get there.

You guys gave a fresh (and better) perspective. I'll follow the thread with great interest and would like to contribute, if that is alright.

Thanks again.

Regards
Balazs
Invincibility lies in the defence; the possibility of victory in the attack
  • #4,476
  • Dec 18, 2015 3:39am Dec 18, 2015 3:39am
Quoting BBalazs
A quick (big) thanks to the contributors! Hey guys! Just wanted to say that I am really grateful for all the educational posts. I learned a lot since I started following the thread. It is fortunate that I stumbled upon it, as I was caught up (like most people are imo) trying to create the perfect system. Anyway, I am starting to see the light, although it's still a long way to get there. You guys gave a fresh (and better) perspective. I'll follow the thread with great interest and would like to contribute, if that is alright. Thanks again. Regards...

welcome on board!
nescentia necat
  • #4,477
  • Dec 18, 2015 3:43am Dec 18, 2015 3:43am
Quoting dee50
I found it hard to believe when Philli mentioned that he is getting lots of PMs about the Price Cycle. What don't you understand about the word "Cycle". Let's add a word, "Stochastic" Cycle, is it getting clearer, No! What type of indicator is the Stochastic, it is an "Oscillator" what does the word "Oscillate" mean? The simple definition of "Oscillate" (cycle). To move in one direction and then back again many times. How to apply this to trading, Hmmn What does Price do, I know, it goes UP and Down, sounds familiar!! Does that mean that...

dee you are a continuous resource
nescentia necat
  • #4,478
  • Dec 18, 2015 3:50am Dec 18, 2015 3:50am
+8+13
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  • #4,479
  • Dec 18, 2015 5:42am Dec 18, 2015 5:42am
Thank-you Dee and PhillipineFX for your continual support.

Regarding this “Price Cycle” trading approach, I truly believe that you need to introduce an effective filter that will clearly tell you whether the instrument is trending or moving sideways.

It stands to reason that if it is trending up, you only going to take up cycles and if it is moving within a range, you take up cycles when price nears support and down-cycles when hitting resistance.

Taking down cycles in an up move is going to be a recipe for disaster in most cases as the down cycles are going to be rather short.

It is my personal believe that trend lines are best at determining trend direction and sideways movement when applied to the 10 Renko chart (the master chart). And only when this chart shows a clear direction bias should trades be taken at a lower value Renko charts.

I have attached a chart that covers the last 4 days and it shows what cycle direction should have been traded for the first few hours following the open.

I would appreciate if other traders would discuss other filters that may also be effective in determining cycle direction.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-12-18_2100.png Size: 133 KB
  • #4,480
  • Dec 18, 2015 6:05am Dec 18, 2015 6:05am
Am I the only one getting annihilated today?
Invincibility lies in the defence; the possibility of victory in the attack
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