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  • #4,581
  • Dec 22, 2015 12:44pm Dec 22, 2015 12:44pm
Quoting Matomi
Dee and Philippine thank you for another gold-price informations, here is my view on thing, I think better one time seen than hundred times heard: It is simple, the cycles are marked in circles both in chart and in indicators, too. This is what under "cycle" means Dee and Philippine (I hope ). Without any magic patterns or difficult technical analysis, make a short bTest on 2-3 days back and you will see that the cycles giving you exactly patterns as 123, double ......{image} {image}
Quoting Matomi
{quote} ... If I should give only one advice to everyone who does not care about difficult analysis, long term analysis and so on ....
matomi,
so what are for you difficult analisys?
nescentia necat
  • #4,582
  • Edited 11:51pm Dec 22, 2015 12:46pm | Edited 11:51pm
Quoting MisterC
{quote} Thanks mate, good to see you too. This time I'm staying. I realized (actually Dee pointed it out) that the reason I was unable to trade renkos is because when I was on time charts I was over analyzing, focusing too much on PA particularities. When I switched to a simplistic chart like renko and was unable to see every tiny detail,... But...now I'm here to get back to the basic...

love that!
nescentia necat
  • #4,583
  • Dec 22, 2015 1:08pm Dec 22, 2015 1:08pm
Quoting friska
{quote} {quote} matomi, so what are for you difficult analisys?
Hi Friska, I meant analysis with more TFs or BRN+S/R+Patterns+MAs and so on.... for me this stuff is clearly readable, but for somebody who cares about really easy simple trading is better trade 123+Divergence, or simply 123 patterns. It is the first pattern which marking reverse of trend and as I already wrote, this is one of the highest win ratio patterns, maybe the best. Chart is only chart, does not depend if 3 renko, 5 renko, or 10 renko - 123 patterns are always same, but your TPs and SLs are different .

You can simple trade cycles without looking on any patterns, because lenght of cycles (in pips) give you practically those patterns, just look at it in chart First cycle is 25 pips up, second 20 pips down, third 15 pips up, what did you get ? Nothing else than 1-2-3 pattern

I will try do some trades to show you only 123 and 123+divergence trading. Idea is as MisterC wrote - avoid over-analysing and make it more simple.
Hope you all understand me, my english is kind of clingon, but I am doing my best ...
  • #4,584
  • Dec 22, 2015 3:06pm Dec 22, 2015 3:06pm
Great trades Dee, you are amazing and keep inspiring me.
To further understand your rationale behind your trading, I have some comments/questions for you if you don't mind. Attached your image with my anotations.

1. Were you thinking short because of MACD short bias and waited for a 1,2,3 pattern? At this time stochs and MACD were very close to the center line, why didn't you mind or considered that? Also, why didn't you consider going long 3 candles before, after a up 1,2,3, with stochs and MACD on your side?

2. This was a continuation of the short move after a 1,2,3 patter, with stochs and MACD on your side, correct?

Why you closed your positions at that specific point? What did you see? It was a laser shot.

3. Why didn't you enter short at this point (#3 with yellow arrow)? Stochs were on your side, MACD was turning down, not red though, but about to cross, plus in direction of the daily trend.

4. This long trend looks like risky, as is counter trend, totally opposite to what #3 dictates, so what did you see to prevent from entering #3 in direction of the trend, and take #4? Did you only see 1,2,3 plus stochs and MACD on your side? Again, you didn't mind these 2 indicators were on the other side of the middle line?

5. Looks like a no brainer. Your close was because of green brick, or expect to see something else aligned?

6. Again, this to me was a short trade with indicators on your favor. Why you didn't take it, and more so why you waited and traded counter trade?

My biggest rescpect to your trading abilities.

Many thanks for your time and willingness to help us out.


By the way, how to embed an image in the post instead of attaching a file?


Best whishes.






Quoting dee50
GER30+2+46+153+26+74+63+77. For those of you asking questions, rather than answer each one individually, I am answering by presenting my trades for today, One important difference between your charts and mine, my chart is a 10 pip Renko, entries were tuned on the 5 pip but the decision to trade was taken on the 10 pip. I only had 7 decisions to make all day, it would only have been 6 if it was not for the BE on the first trade. After the last trade I went out to do some shopping. Now I have to cook supper. {image}
Attached Image (click to enlarge)
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  • #4,585
  • Dec 22, 2015 3:46pm Dec 22, 2015 3:46pm
Quoting dee50
GER30+2+46+153+26+74+63+77. For those of you asking questions, rather than answer each one individually, I am answering by presenting my trades for today, One important difference between your charts and mine, my chart is a 10 pip Renko, entries were tuned on the 5 pip but the decision to trade was taken on the 10 pip. I only had 7 decisions to make all day, it would only have been 6 if it was not for the BE on the first trade. After the last trade I went out to do some shopping. Now I have to cook supper. {image}
I thought for fun , I would post how my chart compares with Dee's!
Only 7 decisions, eh? I count at least 20 on mine! Not including half a dozen BEs not shown, and no, I am not scalping!! Actually, 20 is an improvement for me... I know I am making a lot of mistakes, poor and slow decision making, poor execution and TP. Yes I did make pips but that is largely because today had a good range. Yesterday was a similar story. On ranging days, my indecision would be death by a thousand cuts.
Attached Image (click to enlarge)
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Self flagellation aside, Dee, if I may, I do have a couple of few questions about today's trades:

1. Your first sell (went for +46 & +153) I was convinced it had further to go and held on but the drawback panicked me and I went out at the top (!) of the retracement for +32; so when price made the next move down, and then retraced - I thought, aha! it will go back down again, so though one trade went for +104, I gave lots of pips back to close another for +59.
My question is : What is your decision process to hang onto the sell past the first retracement but to take profit before the second?

2. The ranging move in the channel - the change from a fast moving mini trend to a ranging move often eludes me.
I was driving on the motorway tonight and thought how driving is like trading - got to read the road signs, driving conditions and what other drivers are doing; driving off a motorway to join an urban lane, I have to shift down a gear but I do find it hard to do so when the market ranges, especially after a trending move. Not mentally agile enough - yet.

Reading road conditions is easy - how did you read this changing market behaviour 'in-the-moment'? I can see it clear as day after the fact, but in-the-moment, no.

Attached Image (click to enlarge)
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It took me so long to write this post that another with somewhat similar questions (aka we're trying to get into your head, see what you see...)
Sorry Dee.
  • #4,586
  • Edited 12:25am Dec 23, 2015 12:00am | Edited 12:25am
Quoting Matomi
{quote} Hi Friska, I meant analysis with more TFs or BRN+S/R+Patterns+MAs and so on.... for me this stuff is clearly readable, but for somebody who cares about really easy simple trading is better trade 123+Divergence, or simply 123 patterns. It is the first pattern which marking reverse of trend and as I already wrote, this is one of the highest win ratio patterns, maybe the best. Chart is only chart, does not depend if 3 renko, 5 renko, or 10 renko - 123 patterns are always same, but your TPs and SLs are different . You can simple trade cycles...

hi matomi..
ok i get it but I confess you one thing ,
for me scalping and reading up/down fast is a difficult analysis..
then the difficulty is related to the own 'personality ' of operation I think ..
but I am sure with the commitment and concentration/constantcy , I can make this easy.
imho the same applies to the contrary .. in both way

btw thanks for sharing your chart in the future, it will help..
nescentia necat
  • #4,587
  • Dec 23, 2015 12:30am Dec 23, 2015 12:30am
Quoting friska
{quote} Meanwhile.. target reached eurgbp gbpusd but holding pos {image} {image}
damn it works
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Schermata 2015-12-23 alle 09.28.56.png Size: 84 KB
Click to Enlarge Name: Schermata 2015-12-23 alle 09.29.56.png Size: 40 KB
nescentia necat
  • #4,588
  • Edited 2:56am Dec 23, 2015 2:45am | Edited 2:56am
Quoting friska
{quote} hi matomi.. ok i get it but I confess you one thing , for me scalping and reading up/down fast is a difficult analysis.. then the difficulty is related to the own 'personality ' of operation I think .. but I am sure with the commitment and concentration/constantcy , I can make this easy. imho the same applies to the contrary .. in both way btw thanks for sharing your chart in the future, it will help..
I must agree, both ways of trading (runners & scalps) have their own specific "rules". Scalping can be difficult same as runners if you make it difficult, same as runners can be simple like scalping when you make it simple. I am convinced that there is no reason to judge which way is better, both offers you money everyday It is about what you prefer, I have only mini account now, but when I will reach level for add another Lot, I want to start do both ways - First position close as a scalp and second position runner. We will see, I am still finding myself, with coming new day it is always better and better, I adds different knowledge from Filippine, Dee and so on to my strategy and results starts be better, too. But now it wants really intense trading to prove, that knowledge has some value. But basic is - do it simple.

I can write an example of my friend there.... he is trading only triangels on M1 DAX controlled with Stochastic, nothing else. Simple breaks of triangels (long when the stoch is above 50 and short when stoch is below 50, he avoids trading if stoch is in extreme zones below 20 and above 80), RRR 1:3, his SL is on low of entry candle and TP always 3x size of that entry candle. You will not believe, this made from him financial freedom person. He has losses as well, but he wrote me - I does not care about losses too much, because my RRR is 1:3. Just do it simple is way to safe your live with trading Today I will post some screens I hope, just for example.

Btw, who likes doing many others things during trading (like watching hot chicks on instagram or googling "how to say your wife that your deposit on trading account is not all dedicated to be spent on christmas gifts"), there is alarm. It is doing lovely sound with every new created Renko brick, enjoy your surfing on internet....
Attached File(s)
File Type: ex4 New_Candle_Alarm.ex4   6 KB | 321 downloads
File Type: mq4 New_Candle_Alarm.mq4   2 KB | 369 downloads
  • #4,589
  • Dec 23, 2015 2:57am Dec 23, 2015 2:57am
Quoting friska
{quote} damn it works {image} {image}
Looks like we arrived at the same conclusion press play on the left chart, disregard the one to the right.
https://www.tradingview.com/chart/EU...q-EURGBPSHORT/
Energy, frequency and vibration.
  • #4,590
  • Dec 23, 2015 3:08am Dec 23, 2015 3:08am
Quoting Matomi
{quote} .... Btw, who likes doing many others things during trading (like watching hot chicks on instagram or googling "how to say your wife that your deposit on trading account is not all dedicated to be spent on christmas gifts"), there is alarm. It is doing lovely sound with every new created Renko brick, enjoy your surfing on internet.... {file} {file}

niice

btw I hope that each of us can find its simple and profittabile road ...!
nescentia necat
  • #4,591
  • Dec 23, 2015 3:11am Dec 23, 2015 3:11am
Quoting drammen
{quote} Looks like we arrived at the same conclusion press play on the left chart, disregard the one to the right. https://www.tradingview.com/chart/EU...q-EURGBPSHORT/
wo! niice!! i see you mate!
hahaha you're the jedi of fibo levels!
well done buddy!
nescentia necat
  • #4,592
  • Dec 24, 2015 12:56am Dec 24, 2015 12:56am
The holidays are upon us and all my hard work at the gym is about to go to nada (food, lots of food) but enough about me and my lust for Merry meals. 2016 can be the IT year for you, the year when you finally trade like Dee50 and PhilippineFX both my Uncles (big family tree ) so here is something to help you if you still struggle with divergence and hidden divergence and how to identify them correctly.

1.
Inserted Video


2.
Inserted Video


3.
Inserted Video


Happy holidays all
Read in between the price!!!
  • #4,593
  • Dec 24, 2015 5:17am Dec 24, 2015 5:17am
Quoting friska
{quote} biiiiiig thanks buddy!!! really appriciate your words!! ... I write what I see here, or most of it, trying to share with my traveling companions my views, growing together, trying to help if I can as others have done with me ... really your words honor me, and I think this is the only right place to share. otherwise it would not be interesing ... and then you can add ... take the reproaches of the master!! where could I have this pleasure ... again thanks mate!
You're welcome! Actually I'm the one who should THANK YOU and other great guys in this thread who constantly help me improve my trading skills and give me the needed inspiration. Coz it's trully inspiring to me. Your analysis is way ahead of most guys I know who trade. That's no secret. So keep it up buddy!

About scalping vs homerun topic..Both options can be profitable same as dissaster. Depends who and how use it.
THE MAIN FACTOR in trading is EDGE. EDGE can have many forms. It's only about the trader if he finds his edge and if he improves/tweaks it more. Good example is using of confluence in your favor. After all trading is probability game.
DEE pointed out very well people tend to develop macro eye when scalping. I think it's important to watch bigger TF! Not only for S/R but also for analysis to know what's going on.
Both topics have in common one thing. Charts gave us INFORMATIONS day by day. It's only up to us how we use these informations! ) And as DEE wrote once "The market gives you lots of clues, Sherlock would have made a fortune trading."
  • #4,594
  • Dec 24, 2015 6:02am Dec 24, 2015 6:02am
stop working for few days..time to enjoy some good dishes (here they are never 'some' hehehe) and spend some time with family!
wish you all mates and your families a Merry Christmas, happy Holidays and all the best for a great 2016!!!!
c u soon!!
luca
nescentia necat
  • #4,595
  • Dec 24, 2015 11:21am Dec 24, 2015 11:21am
I think dee meant "micro-eye" instead of "macro-eye". Scalpers usually have micro-eye, focusing on the moment while losing sight of the bigger picture. I don't mean to be a smartass though, just wanted to clarify
Invincibility lies in the defence; the possibility of victory in the attack
  • #4,596
  • Dec 24, 2015 5:18pm Dec 24, 2015 5:18pm
Quoting BBalazs
I think dee meant "micro-eye" instead of "macro-eye". Scalpers usually have micro-eye, focusing on the moment while losing sight of the bigger picture. I don't mean to be a smartass though, just wanted to clarify
Never heard of term micro-eye or macro-eye ... If you relate it to micro = small frame of bigger frame ( macro) I guess it's okey..
But to me macro eye reffers to same princip as macro photography. So call it whenever you want. For me it's still macro eye.

Anyway enjoy the time with your close ones. Merry Christmas and Happy new year 2016!
  • #4,597
  • Dec 27, 2015 11:44pm Dec 27, 2015 11:44pm
I think that I may have just performed a "dee50" style trade.

Bounce off support on the R10 confirmed by a 123 setup on the R5.

Thank-you dee
Attached Image (click to enlarge)
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  • #4,598
  • Edited Dec 28, 2015 12:10am Dec 27, 2015 11:59pm | Edited Dec 28, 2015 12:10am
Quoting Ic555
I think that I may have just performed a "dee50" style trade. Bounce off support on the R10 confirmed by a 123 setup on the R5. Thank-you dee {image}
Don't forget the bullish hidden divergence Nice trade.
Invincibility lies in the defence; the possibility of victory in the attack
  • #4,599
  • Dec 28, 2015 12:43am Dec 28, 2015 12:43am
Quoting BBalazs
{quote} Don't forget the bullish hidden divergence Nice trade.
Good point BBalazs, thank-you.

I am captivated by the predictive power of the MACD as it bounces off its signal line as it applies to dee's trading methodology.

He uses very powerful tools.
Attached Image (click to enlarge)
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  • #4,600
  • Dec 28, 2015 3:22am Dec 28, 2015 3:22am
There's also a hidden bearish divergence on Stochastic before the short signal at no. 6. Confluence is the key here.
Invincibility lies in the defence; the possibility of victory in the attack
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