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  • #4,721
  • Jan 7, 2016 12:53pm Jan 7, 2016 12:53pm
Quoting dee50
{quote}maybe one of the other guys here can tell you.
From what I know GBP/JPY and EUR/AUD have good runs. But the best way is to iether open the daily chart of multiple pairs and study the average daily range for 5 and 10 periods...or use google to search of this kind of info!
  • #4,722
  • Jan 7, 2016 2:43pm Jan 7, 2016 2:43pm
Quoting MisterC
{quote} From what I know GBP/JPY and EUR/AUD have good runs. But the best way is to iether open the daily chart of multiple pairs and study the average daily range for 5 and 10 periods...or use google to search of this kind of info!
ADR of top 10 pairs from Today. It should be +- same with diff brokers.

The spread can be killer here if you don't have very low spread broker.
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  • #4,723
  • Jan 7, 2016 3:58pm Jan 7, 2016 3:58pm
Quoting dee50
GER30+39+28+30+19+2+50+39. OK I'm done for the day. Because I missed this mornings session and things were pretty slow I decided to scalp the 3 pip for 6 and 10 pip scalps (Not shown) too many too boring, momentum picked up with the break out above the Trend line so I stuck with the 3 pip chart, actually it has been fun, but at all times I had the 10 pip chart visible to keep an eye on the bigger picture. Don't ask lots of questions of why I did this and why I did that, work it out, you don't need to get into my mind, you need to sort your own minds...
Nice job on describing your trading style.....any more detail would bring out a dozen questions from the "rules" police. Its like you have 2 fingers on the pulse of the market.
Price may not be moving but the market`s heart rate goes up. The market is giving you advanced warning of a move. Its actually screaming at you. Call it the zone/sixth sense/intuition/whatever you want. Throw 2 or 3 indies on the screen then shut your brain off and open your eyes. Its all there right in front us all.
Something I have stumbled over recently is the breakout trade. Price wallows in a narrow range for ever....nothing to trade....then you notice there is a slight turn in direction. Often it does not show on a renco but it does on the M1....the pulse quickens and she takes off. The problem is no one told price that it is in conflict with 9 of the 11 indies you have on your screen. The crazy filly just started to gallop. But make no mistake about it she did warn you.
  • #4,724
  • Jan 7, 2016 9:52pm Jan 7, 2016 9:52pm
i found this indicator can draw the zone correctly 95% of time, no indicator is perfect thought.
as Dee50 said, indicator often draws too many zones, to coupe with that, I use Chaos Semafor to mark multi time frame ZigZag cycle, combined with price action you can easy filter out those not important zones.
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Attached File(s)
File Type: ex4 Chaos Semafor - 3_Mod.ex4   11 KB | 564 downloads
File Type: ex4 II_SupDemMOD_DarkBG_SolidFill.ex4   36 KB | 432 downloads
seeing through
  • #4,725
  • Jan 8, 2016 2:37am Jan 8, 2016 2:37am
Quoting pipphunter
i found this indicator can draw the zone correctly 95% of time, no indicator is perfect thought. as Dee50 said, indicator often draws too many zones, to coupe with that, I use Chaos Semafor to mark multi time frame ZigZag cycle, combined with price action you can easy filter out those not important zones. {image} {file} {file}

nice, thx for sharing..
nescentia necat
  • #4,726
  • Jan 8, 2016 3:05am Jan 8, 2016 3:05am
csm data
not optimal alignment.. i'm side way
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nescentia necat
  • #4,727
  • Jan 8, 2016 5:10am Jan 8, 2016 5:10am
Quoting friska
{quote} Always nice stuff MisterC, I can add a pics found in a SD thread here on FF {image} here the link with also some youtube video http://www.forexfactory.com/showthread.php?t=428204 Saved in my fav but not read yet with attention... Hope it can help a bit
Hello Dee,

I think the link to the first page that Friska posted is some of the best that I have read. he created rules on how to determine and categorize the zones. I always viewed it as a zone and looked for price action in that area so it didn't have to be exact, but that's me and I'm still working a day job.
A woman drove me to drink, and I forgot to thank her
  • #4,728
  • Edited 8:13am Jan 8, 2016 8:03am | Edited 8:13am
EU long, +17 pips

Price returns into range. 123. Divergences (haven't marked them but took notice).

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I remember, in the past, I was so excited about the moment the NFP numbers were released...big moves, dreams of making it big in one day / one trade, that whole rush of feelings, must enter quick or I'll miss the move. Now I'm like...meeeh, big deal, show me technical reasons and after that I'll take a trade.

EDIT: Took a quick scalp on the break to the upside, +8. That's it for me today.

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  • #4,729
  • Jan 8, 2016 8:51am Jan 8, 2016 8:51am
Quoting MisterC
I remember, in the past, I was so excited about the moment the NFP numbers were released...big moves, dreams of making it big in one day / one trade, that whole rush of feelings, must enter quick or I'll miss the move. Now I'm like...meeeh, big deal, show me technical reasons and after that I'll take a trade. {image}
Hehehe i know exactly what you mean,..
nescentia necat
  • #4,730
  • Jan 8, 2016 9:47am Jan 8, 2016 9:47am
Quoting MisterC
EU long, +17 pips Price returns into range. 123. Divergences (haven't marked them but took notice). {image} I remember, in the past, I was so excited about the moment the NFP numbers were released...big moves, dreams of making it big in one day / one trade, that whole rush of feelings, must enter quick or I'll miss the move. Now I'm like...meeeh, big deal, show me technical reasons and after that I'll take a trade. EDIT: Took a quick scalp on the break to the upside, +8. That's it for me today. {image}
Nice trades man..
May I have one question.. on the second trade.. I don't trade breakouts. So could you tell me why did you decide to take long there.. Is it coz of texture HHs/HLs and 2x test before break? To me this could have been fake out move easily... As you said yourself the trade before was trade back to the range. And range breakouts usually fails. I know you have more experience with trading BO. So I don't mind listen few words from you. :nerd:

My trades for today... As you maybe know or maybe not my day limit on DAX is 50points. So for today I'm done. But I'm not proud of these trades.
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  • #4,731
  • Jan 8, 2016 10:11am Jan 8, 2016 10:11am
Hi Dee,Friska,MrC, I was wondering if someone would be kind enough to post your Fib Channel as a Mq4 file. I have tried looking at Dee's previous post of his setup but am unable to open the file type used. In the mean time I will continue to study and practice your very generous teachings. Frankly would give my left testicle to trade like some of you guys. Dee mate I look at your trades everyday and can see the reasoning behind each one but it's the ones you don't take that still have me stumped. Impressive!! Thanks.
  • #4,732
  • Jan 8, 2016 10:12am Jan 8, 2016 10:12am
DAX trades (-13, -24, +42)

Today was pretty interesting. I had to realize again that I really should wait for the price to tell me it's direction and not try to outsmart the market.

EUR Live trade (-7.5)

The trade was okay, just got unlucky and had my SL hit.

Edit: There was a red renko bar at me entry in EU, it just disappeared because of the renko repaint.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #4,733
  • Jan 8, 2016 10:41am Jan 8, 2016 10:41am
Quoting nuckern
{quote} Nice trades man.. May I have one question.. on the second trade.. I don't trade breakouts. So could you tell me why did you decide to take long there.. Is it coz of texture HHs/HLs and 2x test before break? To me this could have been fake out move easily... As you said yourself the trade before was trade back to the range. And range breakouts usually fails. I know you have more experience with trading BO. So I don't mind listen few words from you. :nerd: My trades for today... As you maybe know or maybe not my day limit on DAX...
Here you go...

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Quoting nuckern
{quote} Nice trades man.. May I have one question.. on the second trade.. I don't trade breakouts. So could you tell me why did you decide to take long there.. Is it coz of texture HHs/HLs and 2x test before break? To me this could have been fake out move easily... As you said yourself the trade before was trade back to the range. And range breakouts usually fails. I know you have more experience with trading BO. So I don't mind listen few words from you. :nerd: My trades for today... As you maybe know or maybe not my day limit on DAX...
One thing about your third short order...you sold when price returned to retest a broken trendline; I would have waited to see what price would do if you bias was short...just my 2 cents
  • #4,734
  • Jan 8, 2016 3:17pm Jan 8, 2016 3:17pm
Quoting MisterC
{quote} Here you go... {image} {quote} One thing about your third short order...you sold when price returned to retest a broken trendline; I would have waited to see what price would do if you bias was short...just my 2 cents
MisterC, that was brilliant explanation ! Thank you for sharing your skills and wish you lot of pips
  • #4,735
  • Jan 8, 2016 3:29pm Jan 8, 2016 3:29pm
Quoting Matomi
{quote} MisterC, that was brilliant explanation ! Thank you for sharing your skills and wish you lot of pips
Same to you mate! Glad I can make a small contribution...
  • #4,736
  • Jan 8, 2016 7:12pm Jan 8, 2016 7:12pm
Quoting MisterC
{quote} Here you go... {image} {quote} One thing about your third short order...you sold when price returned to retest a broken trendline; I would have waited to see what price would do if you bias was short...just my 2 cents
I see. Thank you for your valuable explanation.

And thank you for your 2 cents.. Keep your 2 cents comming and I'll be soon millionaire..
  • #4,737
  • Jan 9, 2016 1:20am Jan 9, 2016 1:20am
Quoting dee50
For a change I have a question!! I have never got the hang of drawing Supply and Demand zones, which is why I stick with Support and Resistance lines. On the attached chart, have I drawn the S&D zone correctly?? I know there are a couple of indicators available that draw them for you but I found that they draw so many zones that I did not agree with that I don't use them. {image}
I guess you will get many different views on this, so I may as well add another.

IMHO - S/R forms at various swing points. S/D is an area where price forms a cluster of small candles and then leaves in a hurry. (hence no renko)

The SupDem indi as posted above by pipphunter mostly identifies swing points. But thanks pipphunter, in all this time I never worked out why Kenny used the semafor indi.

This thread gives a good read on S/D trading. Do not be put off by the size, just read reds posts on the first 50 or so pages.
http://www.forexfactory.com/showthread.php?t=230888
Good Trading
  • #4,738
  • Jan 10, 2016 5:54am Jan 10, 2016 5:54am
Quoting Cobber
Hi Dee,Friska,MrC, I was wondering if someone would be kind enough to post your Fib Channel as a Mq4 file. I have tried looking at Dee's previous post of his setup but am unable to open the file type used. In the mean time I will continue to study and practice your very generous teachings. Frankly would give my left testicle to trade like some of you guys. Dee mate I look at your trades everyday and can see the reasoning behind each one but it's the ones you don't take that still have me stumped. Impressive!! Thanks.
http://www.forexfactory.com/showthre...60#post8674560
Cut your Losers short and let your Winners run.
  • #4,739
  • Edited 6:32am Jan 10, 2016 6:16am | Edited 6:32am
preparing the work week, a possible D scenario DAX, draghi and data allowing .. 2fibo exp with / without shadow..
first 200/168 on TL 2nd 200 on S zone.
possible reaction area also on audusd D, but strong dwntrend then be monitored with caution.
all please free to comment.
Dee.. some view about it?
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nescentia necat
  • #4,740
  • Jan 11, 2016 4:24am Jan 11, 2016 4:24am
The Trade Manager works like a charm, thanks, dee! I had to play around with the settings, but I finally figured it out.
Invincibility lies in the defence; the possibility of victory in the attack
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