More simple is impossible | Page 228 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

More easy is impossible 17 replies

long-run profits impossible with short-term trading? 39 replies

Attachments: More simple is impossible
Exit Attachments

More simple is impossible

  • #4,541
  • Dec 21, 2015 3:21pm Dec 21, 2015 3:21pm
Quoting Ic555
{quote} Hi Dee, One of the things that amazes me about your type of trading are your clean entries. I have attached a renko 5 chart showing where you took a trade and where I would have taken the trade if I had been in front of the monitor. Your trade suffered minimal drawdown while mine suffered 10 pip drawdown twice which would have cause me to, at best, close the position at BE. My question is, what made you take the trade where you took it and not earlier? {image}
Look at the bottom of the chart, what is the MACD doing when you entered?
Cut your Losers short and let your Winners run.
  • #4,542
  • Dec 21, 2015 3:24pm Dec 21, 2015 3:24pm
Thanx dee .- i can see you are a master trader .You will do very well trading crude futures ...lots of 123 patterns in cl . If you have the time you should look at crude oil .You will make fast money with your trading style.
  • #4,543
  • Dec 21, 2015 3:34pm Dec 21, 2015 3:34pm
Quoting dee50
{quote} Look at the bottom of the chart, what is the MACD doing when you entered?
It was still heading down.
Thank-you Dee.
  • #4,544
  • Dec 22, 2015 2:13am Dec 22, 2015 2:13am
Quoting BBalazs
{quote} After reading through your PDFs twice, staring at the charts all day long, comparing your entries to mine at the end of the session, I am starting to feel that I have a grasp on basic PA and the proper use of indicators thanks to you, friska & Philippine. You guys are a true source of inspiration and great traders. Please keep doing what you doing & posting your charts. Thank you. Regards Balazs
really thanks!!

you are more than welcome!
nescentia necat
  • #4,545
  • Dec 22, 2015 2:15am Dec 22, 2015 2:15am
Quoting dee50
{quote}There is more happening on the chart than you are seeing!! The problem with scalping is that you can develop MACRO EYE, you can see individual Pixels on your monitor but you can not see the whole monitor. {image} {image}
precious explanation as always...
nescentia necat
  • #4,546
  • Edited 3:24am Dec 22, 2015 2:42am | Edited 3:24am
gm all
short dax on 50fibo +TL test
hope target on TL projections
right now TL+.382 resistance

edit:out short@10544
re-edit:
Attached Image


15m
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-22 alle 09.40.46.png Size: 123 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-22 alle 10.25.53.png Size: 104 KB
nescentia necat
  • #4,547
  • Edited 3:52am Dec 22, 2015 3:37am | Edited 3:52am
re short target
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-22 alle 10.37.47.png Size: 91 KB


edit out@10400
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-22 alle 10.52.05.png Size: 97 KB
nescentia necat
  • #4,548
  • Dec 22, 2015 5:59am Dec 22, 2015 5:59am
dax looks like short from here till further notice ....looking at 1 hr chart short from 10458.. lets see how it pans out.
  • #4,549
  • Dec 22, 2015 6:02am Dec 22, 2015 6:02am
may be this..
back short again on 50fibo
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-22 alle 13.03.14.png Size: 152 KB
nescentia necat
  • #4,550
  • Dec 22, 2015 6:05am Dec 22, 2015 6:05am
am short till end of day
  • #4,551
  • Dec 22, 2015 6:07am Dec 22, 2015 6:07am
Misterc and I were having a discussion via PM and I mentioned some thing that had influenced me and had helped put me on the course that I now follow. I could not remember the exact name or the site, (age I think) so I have done some searching and had to go a few years back to find the post I did. This was prior to my move to Renko Bars so you may wonder about the relevance of looking at a site about candles sticks.

The reason I used this site as an example is because he is one of the few Analysts who has actually done the research and listed the Success and Failure rates for candle patterns, too many people talk about candlesticks and Patterns as if they were a foregone conclusion whereas the reality is very different!!! The Pin Bar on its own only signals a reversal 59% - 60% of the time, however Bulkowski did not test the Pin Bar at S&R levels had he done so he would have found a significant difference in the predictive success rate! So you are correct in choosing the Pin Bar (Reversal Bar) at S&R.

Bulkowskis analysis of a 123 Pattern, although different to how we use it, he uses a trend line in the pattern, shows that this pattern confirms a trend change 73% of the time. My own analysis in Forex, puts this figure at closer to 86%.

http://thepatternsite.com/123tc.html

His analysis of an ABC correction (Measured Move) is closest to our 123. But he actually Analysed each leg of the Pattern and evaluated the success rate of a 100% expansion. Check out the "Measured Move Up Trading Tips"

http://thepatternsite.com/mmu.html

"The measure rule predicts a price target! This works 83% of the time in a Bull market and 93% in a Bear market


For those of you Analytical Types, here is a link to his Pattern Index.
http://thepatternsite.com/chartpatterns.html

Have Fun.
Cut your Losers short and let your Winners run.
  • #4,552
  • Dec 22, 2015 6:12am Dec 22, 2015 6:12am
hello dee when you have time please answer this question

at 11.38 I saw a deviation on the macd and stoch turned but it only changed a bit later at the brn . I am still simulating ...how would you have entered the 11.38 trade..
  • #4,553
  • Dec 22, 2015 6:18am Dec 22, 2015 6:18am
Quoting bettervolume
hello dee when you have time please answer this question at 11.38 I saw a deviation on the macd and stoch turned but it only changed a bit later at the brn . I am still simulating ...how would you have entered the 11.38 trade..
Hi BV, you are going to have to post a chart, on my chart at 11.38 price is hanging mid zone. No where near a BRN or any S&R levels.
Cut your Losers short and let your Winners run.
  • #4,554
  • Dec 22, 2015 6:30am Dec 22, 2015 6:30am
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M31.png Size: 67 KB
Quoting dee50
{quote} Hi BV, you are going to have to post a chart, on my chart at 11.38 price is hanging mid zone. No where near a BRN or any S&R levels.

hello dee thanx for the patternsites ..will read them

please check the pic at the red vertical line
  • #4,555
  • Dec 22, 2015 7:11am Dec 22, 2015 7:11am
Quoting dee50
Misterc and I were having a discussion via PM and I mentioned some thing that had influenced me and had helped put me on the course that I now follow. I could not remember the exact name or the site, (age I think) so I have done some searching and had to go a few years back to find the post I did. This was prior to my move to Renko Bars so you may wonder about the relevance of looking at a site about candles sticks. The reason I used this site as an example is because he is one of the few Analysts who has actually done the research and listed the...
oh nice!
i know that site, also studying for a solution for 'chart update' post #4453

http://thepatternsite.com/bt.html

btw thx for sharing
you know, i love candle and pattern!
nescentia necat
  • #4,556
  • Dec 22, 2015 7:19am Dec 22, 2015 7:19am
there were already 2 WIDESPREAD bars on 1 hr so I think it was wishful thinking to think it will make a new low immediately
  • #4,557
  • Dec 22, 2015 7:34am Dec 22, 2015 7:34am
a break of the pinbar high will confirm an uptrend before tht we still have to assume we are in a downtrend
  • #4,558
  • Dec 22, 2015 8:16am Dec 22, 2015 8:16am
now I see why dee has moved to renko bars ...you see the picture earlier and pick up more pips 10 renko formed a 123 after coming from support ...that already told him to go long .....correct me if I am talking bs dee
  • #4,559
  • Edited 8:42am Dec 22, 2015 8:31am | Edited 8:42am
Quoting dee50
Misterc and I were having a discussion via PM and I mentioned some thing that had influenced me and had helped put me on the course that I now follow. I could not remember the exact name or the site, (age I think) so I have done some searching and had to go a few years back to find the post I did. This was prior to my move to Renko Bars so you may wonder about the relevance of looking at a site about candles sticks. The reason I used this site as an example is because he is one of the few Analysts who has actually done the research and listed the...
i'll do some exercise about,
today long eurgbp
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-22 alle 15.31.04.png Size: 98 KB


and short gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-22 alle 15.43.44.png Size: 62 KB
nescentia necat
  • #4,560
  • Dec 22, 2015 8:39am Dec 22, 2015 8:39am
now I see it ..with time bars you see the the ocean but you miss the boat ....with renko bars you swim in the ocean and ride the waves
5 traders viewing now