More simple is impossible | Page 232 | 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

  • #4,621
  • Jan 5, 2016 4:38am Jan 5, 2016 4:38am
Quoting dee50
{quote} You must have a very very long mouse finger, your wife must love you a lot
You made my day!
  • #4,622
  • Jan 5, 2016 6:17am Jan 5, 2016 6:17am
Famous last words. This is why I do not have a job as an analyst

Don't get caught out by Divergence. In a strong trend like today Divergence is unlikely to signal a change in direction and watch out for divergence in No Mans Land as you can see on the chart, i closed the trade because of divergence but I am not expecting this to be a change of direction because there is nothing else to support the divergence.

Why would price have turned at 10170?
There was a psych level at 10180 but Dax has not been paying too much attention to the 80s
Depending on what Pivot points you are looking at 10193 was a possible S1 level. But price over shot that by 22 pips.

So, I have been watching price climb up after it eased out of the consolidation zone 10200 - 10230 waiting for a pullback to enter

Price always Pulls back at some point you just need to wait!

Do you think that some of the Big Boys took offence when I called them Idiots, saw my post this morning and said "We'll show him what Idiots can do" and promptly reversed the DAX making me look like a right Dick head!!!

So the moral here is "Don't do as I say, do as I do"
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2 Complete Reversal.png Size: 37 KB
Cut your Losers short and let your Winners run.
  • #4,623
  • Jan 5, 2016 6:46am Jan 5, 2016 6:46am
Quoting dee50
Famous last words. This is why I do not have a job as an analyst Don't get caught out by Divergence. In a strong trend like today Divergence is unlikely to signal a change in direction and watch out for divergence in No Mans Land as you can see on the chart, i closed the trade because of divergence but I am not expecting this to be a change of direction because there is nothing else to support the divergence. Why would price have turned at 10170? There was a psych level at 10180 but Dax has not been paying too much attention to the 80s...
LOL, that is more than likely. I imagine they tend to be quite proud I was on the lookout for a pullback as well, I guess we just missed the train
Invincibility lies in the defence; the possibility of victory in the attack
  • #4,624
  • Jan 5, 2016 6:52am Jan 5, 2016 6:52am
If price decides to visit a place in the past and it's been a long time since price has gone there, I tend to zoom out a bit. Here you can see 30,50 and 100 pip brick.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 118 KB
Energy, frequency and vibration.
  • #4,625
  • Edited 7:16am Jan 5, 2016 6:57am | Edited 7:16am
Quoting dee50
Famous last words. This is why I do not have a job as an analyst Don't get caught out by Divergence. In a strong trend like today Divergence is unlikely to signal a change in direction and watch out for divergence in No Mans Land as you can see on the chart, i closed the trade because of divergence but I am not expecting this to be a change of direction because there is nothing else to support the divergence. Why would price have turned at 10170? There was a psych level at 10180 but Dax has not been paying too much attention to the 80s...
but I have heard you!
I waited for the PB and now I'm short!
finger docet
5m
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2016-01-05 alle 15.57.53.png Size: 194 KB


support area touched -->out
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2016-01-05 alle 16.14.31.png Size: 168 KB
nescentia necat
  • #4,626
  • Jan 5, 2016 7:24am Jan 5, 2016 7:24am
Quoting friska
{quote} but I have heard you! I waited for the PB and now I'm short! finger docet 5m {image} support area touched -->out {image}
You are ahead of me. You lead I'll follow.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2 ongoing 50115.png Size: 36 KB
Cut your Losers short and let your Winners run.
  • #4,627
  • Jan 5, 2016 7:34am Jan 5, 2016 7:34am
Quoting dee50
{quote} You are ahead of me. You lead I'll follow. {image}
yeah! niiice!!
hemm hemm sorry for the enthusiasm,

:nerd:well done sir

your tp (above 1025x) is put there coz just above the 50? or is there some other reason that I'm missing?
nescentia necat
  • #4,628
  • Jan 5, 2016 7:36am Jan 5, 2016 7:36am
Quoting dee50
{quote} You are ahead of me. You lead I'll follow. {image}
Quoting friska
{quote} but I have heard you! I waited for the PB and now I'm short! finger docet 5m {image} support area touched -->out {image}
Same boat, same ocean, different destinations..)

I didn't know which lvl to pick 38Fib at 270, S/R at 260LVL or 50Fib at 250, Finally I decided the shortes way is the easiest for me.
SO I close trade at 38fib.

Well done guys.
Attached Image (click to enlarge)
Click to Enlarge Name: gER305.1.2016.png Size: 135 KB
  • #4,629
  • Jan 5, 2016 7:39am Jan 5, 2016 7:39am
GER30 +48. Blimey Friska, you could at least give me a bit more warning that it was time to close, I was lucky priced kissed me, loved me and then left.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+48 50116.png Size: 36 KB
Cut your Losers short and let your Winners run.
  • #4,630
  • Jan 5, 2016 7:43am Jan 5, 2016 7:43am
Quoting nuckern
{quote} {quote} Same boat, same ocean, different destinations..) I didn't know which lvl to pick 38Fib at 270, S/R at 260LVL or 50Fib at 250, Finally I decided the shortes way is the easiest for me. SO I close trade at 38fib. Well done guys. {image}

nice trade buddy!
nescentia necat
  • #4,631
  • Jan 5, 2016 7:46am Jan 5, 2016 7:46am
quick long TL bouce>> out
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2016-01-05 alle 16.44.33.png Size: 127 KB
nescentia necat
  • #4,632
  • Jan 5, 2016 7:48am Jan 5, 2016 7:48am
Quoting dee50
GER30 +48. Blimey Friska, you could at least give me a bit more warning that it was time to close, I was lucky priced kissed me, loved me and then left. {image}
hehehe
but they are the best stories !!
nescentia necat
  • #4,633
  • Jan 5, 2016 7:48am Jan 5, 2016 7:48am
Quoting nuckern
{quote} {quote} Same boat, same ocean, different destinations..) I didn't know which lvl to pick 38Fib at 270, S/R at 260LVL or 50Fib at 250, Finally I decided the shortes way is the easiest for me. SO I close trade at 38fib. Well done guys. {image}
Doesn't matter what route you take, if it puts bread on the table that is all that matters. Well done
Cut your Losers short and let your Winners run.
  • #4,634
  • Jan 5, 2016 7:51am Jan 5, 2016 7:51am
Quoting friska
quick long TL bouce>> out {image}
now you are just showing off.
Cut your Losers short and let your Winners run.
  • #4,635
  • Jan 5, 2016 8:03am Jan 5, 2016 8:03am
Can anyone translate this from Financial talk into plain English??

http://www.businesswire.com/news/hom...trics-December
Cut your Losers short and let your Winners run.
  • #4,636
  • Edited 8:25am Jan 5, 2016 8:11am | Edited 8:25am
Quoting friska
quick long TL bouce>> out {image}
Thank you my friend! Same to you. That TL bounce was a good call.. I totally missed this TL! I should pay more attention.. Anyway it was nice confluence,TL + price bounce from minor S/R 260, with 5 renko DIV and 38-50 area.. It was worth trying go long. And I'm glad it worked out for you.

Quoting dee50
{quote} Doesn't matter what route you take, if it puts bread on the table that is all that matters. Well done
That's right. And thank you. It really means a lot to me. As long as I'll have great teacher like you and Chief Analyst Luca I should be fine..)
  • #4,637
  • Jan 5, 2016 8:14am Jan 5, 2016 8:14am
Quoting dee50
could at least give me a bit more warning that it was time to close {image}
maybe we can work on it.. realtime?
both way?
nescentia necat
  • #4,638
  • Jan 5, 2016 8:17am Jan 5, 2016 8:17am
Quoting nuckern
{quote} Thank you my friend! Same to you. That TL bounce was a good call.. I totally missed this TL! I should pay more attention.. Anyway it was nice confluence,TL + price bounce from minor S/R 260, with 5 renko DIV and 38-50 area.. It was worth trying go long. And I'm glad it worked out for you. {quote} That's right. And thank you. It really means to me a lot. As long as I'll have great teacher like you and Chief Analyst Luca I should be fine..)
haha nice! thx mate!
nescentia necat
  • #4,639
  • Jan 5, 2016 8:23am Jan 5, 2016 8:23am
GER30+41. Last one, a quick take off divergence at major S&R. 200 ema purple line is weekly S&R and HTF 50% and a BRN and probably a few other things depending on who is looking. Exit confirmed by Divergence 5 and 10 pip chart, stochs OS 5 and 10 pip chart
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+41 50116.png Size: 35 KB
Cut your Losers short and let your Winners run.
  • #4,640
  • Jan 5, 2016 8:53am Jan 5, 2016 8:53am
I thought I'd take another look at Renko Mean charts and did a demo trade on the DOW, chart below.

The overall context currently is bearish so that was my bias. What I saw was hidden divergence at a support turned resistance zone. Once the first red bar printed, I entered on a retracement back up to the bottom of the zone giving it plenty of breathing space and targeted the support zone below which it hit almost to the tee before bouncing back up.
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Renko Mean 05 Jan 2016 #1.PNG Size: 113 KB
11 traders viewing now