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  • #4,821
  • Jan 13, 2016 8:07am Jan 13, 2016 8:07am
In the morning my bias was cautiously long. Took two trades; +18 & +29
First one I was long looking for the price to brake LSH which didn't happen, hence late exit.
With second one took short after break of a small range. Stopped out because I wasn't in the mood to give up on all gain. Later on, price went to initial TP.
Attached Image (click to enlarge)
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:: everything is awesome ::
  • #4,822
  • Jan 13, 2016 8:12am Jan 13, 2016 8:12am
thanx dee50 much appreciated for all your time and effort to do thorough explanations . You deserve a medal ))
  • #4,823
  • Jan 13, 2016 9:11am Jan 13, 2016 9:11am
rising wedge,
rdiv extreme, hdiv continuation PB 50% and break..
tp1 9999 (discount price..)

edit: hit.
Attached Image (click to enlarge)
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nescentia necat
  • #4,824
  • Jan 13, 2016 9:17am Jan 13, 2016 9:17am
GER30+67+56+32+10. Done for the day. Now it has got down to my TP just above the 9980 psych level. Se La Vie
thought I was being really clever sneaking in a quick 10 pipper, the market has a knack of putting you back in your place.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #4,825
  • Jan 13, 2016 9:21am Jan 13, 2016 9:21am
Quoting friska
rising wedge, rdiv extreme, hdiv continuation PB 50% and break.. tp1 9999 (discount price..) edit: hit. {image}
looks like your method was a lot less stressful than mine today.
Cut your Losers short and let your Winners run.
  • #4,826
  • Jan 13, 2016 9:30am Jan 13, 2016 9:30am
Quoting dee50
{quote} looks like your method was a lot less stressful than mine today.
60 Vs 165 ... 105 extra points jackpot cost a little bit of stress perhaps, but ultimately give much moooore satisfaction!

Quoting dee50
Now it has got down to my TP just above the 9980 psych level. Se La Vie {image}
nice nice level

Excellent as always master.
nescentia necat
  • #4,827
  • Jan 13, 2016 9:39am Jan 13, 2016 9:39am
GER30+36. I don't like it when the market gets the better of me so a quick 36 pipper and

Attached Image

Now it can do what it wants, I'm done.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+36 130116.png Size: 38 KB
Cut your Losers short and let your Winners run.
  • #4,828
  • Jan 13, 2016 9:41am Jan 13, 2016 9:41am
Quoting friska
{quote} 60 Vs 165 ... 105 extra points jackpot cost a little bit of stress perhaps, but ultimately give much moooore satisfaction! {quote} nice nice level Excellent as always master.
Quoting dee50
GER30+36. I don't like it when the market gets the better of me so a quick 36 pipper and {image} Now it can do what it wants, I'm done. {image}

and if I can afford,
excellent work also on SD levels. I am closely monitoring.
thank you again
nescentia necat
  • #4,829
  • Jan 13, 2016 9:46am Jan 13, 2016 9:46am
Quoting friska
{quote} {quote} and if I can afford, excellent work also on SD levels. I am closely monitoring. thank you again
HAH! That is the thing with S&D levels on the HTF, they don't change unless the market makes a new high or low so once drawn they just sit there until they are violated, then you delete them, that is what I call low maintenance!
Cut your Losers short and let your Winners run.
  • #4,830
  • Jan 13, 2016 9:46am Jan 13, 2016 9:46am
DAX (-9, BE, BE)

Got my ass handed to me today. Morning was absolutely useless, I was so bored that I had to get up to prevent myself from doing anything stupid. Of course, had I not closed my long manually, the price eventually reached my TP. Well, hopefully I learned from this. On the bright side, it was my first ranging day with DAX, I think I handled it pretty well.

I started using Schaff Trend Cycle on the hourly charts to get a visual confirmation on the current big picture cycle.

Note: Thanks dee for the EMA 3 break suggestion, it saved my ass a couple of times today.
Attached Image (click to enlarge)
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Invincibility lies in the defence; the possibility of victory in the attack
  • #4,831
  • Jan 13, 2016 9:51am Jan 13, 2016 9:51am
Quoting BBalazs
DAX (-9, BE, BE) Got my ass handed to me today. Morning was absolutely useless, I was so bored that I had to get up to prevent myself from doing anything stupid. Of course, had I not closed my long manually, the price eventually reached my TP. Well, hopefully I learned from this. On the bright side, it was my first ranging day with DAX, I think I handled it pretty well. I started using Schaff Trend Cycle on the hourly charts to get a visual confirmation on the current big picture cycle. Note: Thanks dee for the EMA 3 break suggestion, it saved my...
Ass Saving is my speciality
Cut your Losers short and let your Winners run.
  • #4,832
  • Jan 13, 2016 9:57am Jan 13, 2016 9:57am
Don't get sucked in!! 61.8% Fib, Divergences on all TFs and Time of Day. Bearish Engulfing on 4H and Big Pin Bar on Daily all point to further down ward movement over the forth coming days, there might even be another push down at the Xetra close, but for now, Be Careful!!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2 dont get sucked in.png Size: 33 KB
Cut your Losers short and let your Winners run.
  • #4,833
  • Jan 13, 2016 10:08am Jan 13, 2016 10:08am
Quoting Black Fox
Later on, price went to initial TP. {image}
losing i can take, but when price carries on in the direction of your trade, after you have closed it, that I hate, it seems like every candle that forms afterwards has an enormous Smiley super imposed on it like this one.
Cut your Losers short and let your Winners run.
  • #4,834
  • Jan 13, 2016 10:35am Jan 13, 2016 10:35am
Quoting dee50
Don't get sucked in!! 61.8% Fib, Divergences on all TFs and Time of Day. Bearish Engulfing on 4H and Big Pin Bar on Daily all point to further down ward movement over the forth coming days, there might even be another push down at the Xetra close, but for now, Be Careful!! {image}

Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2016-01-13 alle 17.36.58.png Size: 158 KB
nescentia necat
  • #4,835
  • Jan 13, 2016 1:42pm Jan 13, 2016 1:42pm
What a day today, do you know what heppened if any? I trade NY sesion, and it was at the beginning kind of slow, lost around 80 pips in SPX and DAX, and then recovered with around +250 pips in same instruments. Don't have access to post my charts now, they weren't great entries as per suggesten in this methodology, but worked ot as was following price action on standard candles.

Anyhow, closed my trades at determined point, and then realized price continued for another 370 points in SPX, and 140 in DAX so far. Way way over daily average.

At the end had a net of 160+, not complaining, but this move was crazy. Would have been great to continue the trade as I was well positioned. I also consider is hard and dangerous to re-enter in this type of masive moves.
  • #4,837
  • Jan 14, 2016 1:53am Jan 14, 2016 1:53am
Quoting lama
Hidden
I don't think that's accurate
Invincibility lies in the defence; the possibility of victory in the attack
  • #4,838
  • Jan 14, 2016 2:18am Jan 14, 2016 2:18am
dax 30...+ 15, 12, 7, 17......i know....closed a couple out tres early....oh well
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  • #4,839
  • Jan 14, 2016 2:20am Jan 14, 2016 2:20am
Dee, I imagine you are probably now sick of the questions, but I need a little help regarding the Trade Manager you were kind enough to share. Setting SL and TP settings were straightforward enough, but I'm having a hard time figuring the BE settings out.

I believe that the BE & JS inputs are responsible for the BE settings.

I would like to have my TM to move my SL to BE after it price moved 15 pips in my favor. How can I do that?

Thanks for your help
Attached Image
Invincibility lies in the defence; the possibility of victory in the attack
  • #4,840
  • Jan 14, 2016 2:23am Jan 14, 2016 2:23am
Quoting PhilippineFX
dax 30...+ 15, 12, 7, 17......i know....closed a couple out tres early....oh well{image}
Leave some points for us Nice scalping as always. You are pretty much spot on with every position you take or cut the losses fairly quick. Congrats!
Invincibility lies in the defence; the possibility of victory in the attack
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