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  • #5,021
  • Jan 19, 2016 6:27am Jan 19, 2016 6:27am
Quoting toppo qqq
Some more. Chart is 6 pip renko. {image}
If I may ask, what kind of arrow indicator is that? I like the look of it
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,022
  • Jan 19, 2016 6:35am Jan 19, 2016 6:35am
Quoting toppo qqq
Some more. Chart is 6 pip renko. {image}
84.7% Win Rate. 138 winning trades 25 losers. ROI 255%. Not bad
Cut your Losers short and let your Winners run.
  • #5,023
  • Jan 19, 2016 6:36am Jan 19, 2016 6:36am
Quoting BBalazs
{quote} If I may ask, what kind of arrow indicator is that? I like the look of it
http://www.forexfactory.com/showthre...30#post8697230
Cut your Losers short and let your Winners run.
  • #5,024
  • Jan 19, 2016 6:45am Jan 19, 2016 6:45am
Quoting dee50
{quote} http://www.forexfactory.com/showthre...30#post8697230
Sweet. Thank you.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,025
  • Jan 19, 2016 7:30am Jan 19, 2016 7:30am
Quoting BBalazs
{quote} You seem to be off when it comes to timing. Do you open the trade with the intention of adding to the loser if it becomes one? Just curious, this seems to be a dangerous practice.
Yes BB, my timing is not as clean as it should be per the rules, viz. entry after renko bar closed across the allaverage 3 at reversal, etc. It's due to the time here, +9 hours gmt, plus I have other commitments.

And yes, cost averaging is not for new traders and should be avoided but I have confidence when I do that.

For your other query, thanks Dee50 for taking care of. It's midnight here and I will often be late in responding.toppo
  • #5,026
  • Jan 19, 2016 7:35am Jan 19, 2016 7:35am
Quoting JoshuaHope
{quote} Toppo, be careful of strong trends when using TMA like this. Best, Josh
Thanks, noted toppo
  • #5,027
  • Jan 19, 2016 7:38am Jan 19, 2016 7:38am
Quoting dee50
GER30+30+32+2+30+10. Few more. That's enough for me. Nice trading every one else 6 figure incomes here we come. brokers are gonna hate you lot {image}
Awesome Dee toppo
  • #5,028
  • Jan 19, 2016 7:39am Jan 19, 2016 7:39am
Dee50:
I have the question about two first trade(Long,30 and 32 points)
What was the reason to take it?You draw div on MACD and Stoch.But first trade:we have price hole higher and on MACD indicator is lower than earlier hole.I understand that is correct.In the up trend almost every low is higher than earlier.But on Macd is should be lower and than you get in trade?
until now for me div correct wa when secon peak is higher but macd is lower.That is weakness symptom of the trend.
  • #5,029
  • Jan 19, 2016 7:40am Jan 19, 2016 7:40am
Quoting dee50
{quote} 84.7% Win Rate. 138 winning trades 25 losers. ROI 255%. Not bad
Thanks Dee toppo
  • #5,030
  • Jan 19, 2016 7:48am Jan 19, 2016 7:48am
Propably I will get in when the white arrow I mark.Every rules are ok but propably it will end BE or little SL.
Attached Image (click to enlarge)
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  • #5,031
  • Jan 19, 2016 7:58am Jan 19, 2016 7:58am
Hello Matomi,
Thanks for your sharing. I was trying to use some of my older scripts in order to "close all" orders (1 by pair, and 1 for whole basket), but they do not longer work.
I wonder if you have any of these in your treasure box?

Best


Quoting Matomi
{quote} I use exactly this principe with my hotkeys - if I see a potential entry, I press CTRL+B or CTRL+S on actual candle and my Buy stop or Sell stop are placed on open of previous candle, or if you want, I can rewrite it to previous high/low of candle. I must not do anything else, everything I manage with hotkeys. Here you are, put it into "Scripts" in your Data Folder, via navigator set up hot keys (do not forget to refresh platform between steps) and you are ready for scalping: {file} {file} {file} {file} {file} {file} {file} {file} {file}...
  • #5,032
  • Jan 19, 2016 8:07am Jan 19, 2016 8:07am
Quoting Parr
Dee50: I have the question about two first trade(Long,30 and 32 points) What was the reason to take it?You draw div on MACD and Stoch.But first trade:we have price hole higher and on MACD indicator is lower than earlier hole.I understand that is correct.In the up trend almost every low is higher than earlier.But on Macd is should be lower and than you get in trade? until now for me div correct wa when secon peak is higher but macd is lower.That is weakness symptom of the trend.
If I understand your question correctly, you need to familiarize your self with Hidden Divergence. There are a couple of PDFs in the attachments section dealing specifically with divergences.
Cut your Losers short and let your Winners run.
  • #5,033
  • Jan 19, 2016 8:09am Jan 19, 2016 8:09am
Quoting toppo qqq
{quote} Yes BB, my timing is not as clean as it should be per the rules, viz. entry after renko bar closed across the allaverage 3 at reversal, etc. It's due to the time here, +9 hours gmt, plus I have other commitments. And yes, cost averaging is not for new traders and should be avoided but I have confidence when I do that. For your other query, thanks Dee50 for taking care of. It's midnight here and I will often be late in responding.toppo
Then you have your work cut out for you, trading so late Anyway, thank you for the answers, I am sure you know what you are doing, I was just curious.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,034
  • Jan 19, 2016 8:14am Jan 19, 2016 8:14am
My current trades on S&P and DAX. At the moment +160 or so.

Second trade on S&P was a stupid idea, I just dropped a trade there when it was breaking support, and had a big drawdown. Well, this is something I should avoid, or close that trade ASAP. I had +140 on the first trade, so I didn't care they average, but still shouldn't to that. I should have waited for the retracement in order to enter.

I also learnt to have more room for drawdown or SL when looking to trade from bigger time frames. This helped me to handle stress and all that sentiment you must be aware off. BUT, I would love to learn to have tight SL as you guys are doing.

I'm learning big time from this thread. Thanks to all contributors specially Dee, and Jaquemate (although he's not around anymore)

Happy trading
Attached Image(s) (click to enlarge)
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  • #5,035
  • Jan 19, 2016 8:15am Jan 19, 2016 8:15am
Quoting Parr
Propably I will get in when the white arrow I mark.Every rules are ok but propably it will end BE or little SL. {image}
I did not take that entry because of the 2B reversal Pattern + Divergence at the last high, I was expecting a deeper pullback to the BRN and Trend Line on the 10 pip Renko chart.

Don't only look at the 5 pip chart what is happening in the HTF is important because there are more traders looking at the HTFs and making decisions on those than there are looking at the lower TFs.
Cut your Losers short and let your Winners run.
  • #5,036
  • Jan 19, 2016 8:28am Jan 19, 2016 8:28am
Closed my trades for a total of 300+

Great results, with a basket of 1 great entry, 1 not so great entry, and 1 big time sucker entry.

Need to keep on learning, continue building my rules and respect them.

Have a great day all
Attached Image(s) (click to enlarge)
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  • #5,037
  • Jan 19, 2016 8:34am Jan 19, 2016 8:34am
This keeps me having hard time... I now noticed a divergence formed when I closed my trades in S&P. That was a great setup for a long trade, currently at +90 in 8 minutes. Amazing move. Had I noticed before I would have taken it. Also, to be honest, I didn't close the trades because of that, it was just close to a support area.

Any ideas to spot divergence fast? I know this is somehting I need to have by building more and more experience. Or maybe there is an indicator for it?
Attached Image (click to enlarge)
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  • #5,038
  • Jan 19, 2016 8:47am Jan 19, 2016 8:47am
Quoting cfabian
This keeps me having hard time... I now noticed a divergence formed when I closed my trades in S&P. That was a great setup for a long trade, currently at +90 in 8 minutes. Amazing move. Had I noticed before I would have taken it. Also, to be honest, I didn't close the trades because of that, it was just close to a support area. Any ideas to spot divergence fast? I know this is somehting I need to have by building more and more experience. Or maybe there is an indicator for it? {image}

Try FX5_Divergence_V2_1
Attached File(s)
File Type: ex4 FX5_Divergence_V2_1.ex4   23 KB | 286 downloads
  • #5,039
  • Jan 19, 2016 9:06am Jan 19, 2016 9:06am
Thank you. Will check on it.

Quoting sj9bp20
{quote} Try FX5_Divergence_V2_1 {file}
  • #5,040
  • Jan 19, 2016 9:06am Jan 19, 2016 9:06am
Quoting cfabian
Hello Matomi, Thanks for your sharing. I was trying to use some of my older scripts in order to "close all" orders (1 by pair, and 1 for whole basket), but they do not longer work. I wonder if you have any of these in your treasure box? Best {quote}
The Close script for 1 order is in those uploads, you can see. But Close script for all orders I do not use, but it is question about 5 minutes for my friend to code it. Nowdays he is really busy, but you can try to write in thread there in FF, coders will do it for no charge Meanwhile I will try to ask my friend.

BTW your last picture, I would not rely only on divergence, look how much divergences fails every day in every trend. Better is confirm it with another signals, personally for me divergence is secondary signals, primary is always S/R, Fibo, BRN and PA
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