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  • #5,101
  • Jan 21, 2016 12:11am Jan 21, 2016 12:11am
Done and done with live trading for the day (+12, +23)

Easy as pie, trend was up, so I was obedient and bought into the dips. Don't predict, just follow.

I did not buy the 2 Stochastic OS before my last entry, because the range was too small for my taste.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,102
  • Jan 21, 2016 12:30am Jan 21, 2016 12:30am
Quoting BBalazs
Done and done with live trading for the day (+12, +23) Easy as pie, trend was up, so I was obedient and bought into the dips. Don't predict, just follow. I did not buy the 2 Stochastic OS before my last entry, because the range was too small for my taste. {image}
I am curious why you emphasized the divergence in your MACD indi against the chart. The classic technical approach would not allow you to buy against the divergence.
  • #5,103
  • Jan 21, 2016 12:42am Jan 21, 2016 12:42am
Quoting Halley
{quote} I am curious why you emphasized the divergence in your MACD indi against the chart. The classic technical approach would not allow you to buy against the divergence.
It's called Hidden divergence and that is exactly what you are supposed to do. If the Oscillator makes a LL while price makes a HL, you follow the price not the indicator. Matter of fact, you always follow price. Divergence, let it be regular or hidden is only a heads-up.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,104
  • Jan 21, 2016 1:25am Jan 21, 2016 1:25am
Quoting BBalazs
{quote} It's called Hidden divergence and that is exactly what you are supposed to do. If the Oscillator makes a LL while price makes a HL, you follow the price not the indicator. Matter of fact, you always follow price. Divergence, let it be regular or hidden is only a heads-up.
I did not say it was wrong, it may work pretty well, just it is something different from classics. In this particular case the divergence would not signal anything (the last three swings were in a range). But in case of the up-trend it would prevent from buying. So, from my point of view it was rather a ranged trade, and it may use it different (like a signal the range may increase). So I asked.
  • #5,105
  • Jan 21, 2016 1:33am Jan 21, 2016 1:33am
Quoting Halley
{quote} I did not say it was wrong, it may work pretty well, just it is something different from classics. In this particular case the divergence would not signal anything (the last three swings were in a range). But in case of the up-trend it would prevent from buying. So, from my point of view it was rather a ranged trade, and it may use it different (like a signal the range may increase). So I asked.
You might be right about the ranging condition, that's why I bought when I did on my last trade. It made an obvious HH (higher than the last 3), which signaled the end of the ranging for me. I always traded Hidden Divergence this way. Thanks for asking though, it is better to clear any doubts.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,106
  • Jan 21, 2016 2:40am Jan 21, 2016 2:40am
Quoting Halley
{quote} I am curious why you emphasized the divergence in your MACD indi against the chart. The classic technical approach would not allow you to buy against the divergence.
What Classic Technical Approach? Whose Classic Technical Approach? Just curious as I have never heard of that approach before!!
Cut your Losers short and let your Winners run.
  • #5,107
  • Jan 21, 2016 5:14am Jan 21, 2016 5:14am
Quoting PhilippineFX
{quote} R:R is the most beat up subject in trading and possibly the most useless. Master PA then combine it with high leverage and the number at the bottom right hand corner of the trade terminal will be the only one that matters

Yes but when you have some losers you need to get the money back and be a winner not for today or this week but for long term. It is there i think R:R plays a role.

Best regards
  • #5,108
  • Jan 21, 2016 5:43am Jan 21, 2016 5:43am
Quoting dee50
{quote} What Classic Technical Approach? Whose Classic Technical Approach? Just curious as I have never heard of that approach before!!
It is a use of an oscillator divergence in a trend, one of early chapters in every TA book.
https://www.google.com/search?q=technical+analysis+divergence
  • #5,109
  • Jan 21, 2016 5:52am Jan 21, 2016 5:52am
DAX Demo trades (+6, +14, +11, +18)

Wanted to try trading after news that caused a blast but strictly on demo. I tried Philippine's approach and it was all based on 'feeling' and fast PA.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,110
  • Jan 21, 2016 5:55am Jan 21, 2016 5:55am
Quoting Halley
{quote} It is a use of an oscillator divergence in a trend, one of early chapters in every TA book.
This thread is book.... do not compare theory with real trading. If you knew something about cycles, you would see that BBalazs trade was absolutelly great opened. No matter if there was some divergence or was not.
  • #5,111
  • Jan 21, 2016 6:05am Jan 21, 2016 6:05am
DAX30 +10 +13 +5 -35 +18 +17 +18 -7 +7 +17

Kind of stupid entries todays, I do not know what I was really looking at, but I have to hedge to save my positions. This is what happens if you enter on the end of cycle to opposite way and when you are impatient and you enter before cycle ends. Thanks to God, daily target reached, +67 pips, I am done for today.
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  • #5,112
  • Jan 21, 2016 6:10am Jan 21, 2016 6:10am
Quoting Matomi
DAX30 +10 +13 +5 -35 +18 +17 +18 -7 +7 +17 Kind of stupid entries todays, I do not know what I was really looking at, but I have to hedge to save my positions. This is what happens if you enter on the end of cycle to opposite way and when you are impatient and you enter before cycle ends. Thanks to God, daily target reached, +67 pips, I am done for today. {image}
I am curious, why did you delete the Stochastic? It could be useful to avoid selling at points where you suffered that huge DD.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,113
  • Jan 21, 2016 6:38am Jan 21, 2016 6:38am
Quoting Halley
{quote} It is a use of an oscillator divergence in a trend, one of early chapters in every TA book. https://www.google.com/search?q=technical+analysis+divergence
Please do not "Google search" me as an answer to my specific question, it is insulting, especially as I have been using divergence as a main stay of my trading for over 9 nine years. Apart from the fact that "none" of what came up made any reference to your statement.

"In this particular case the divergence would not signal anything (the last three swings were in a range). But in case of the up-trend it would prevent from buying."

This statement flies in the face of Classic use of Divergence, in this instance Hidden Divergence which signals a move back into Trend, so what I was hoping for from you was a specific reference to a specific text by a specific person or persons, so that I could look at it myself and see if it was a valid filter that could be beneficial when trading using divergence. Instead you provide me with a "Google search term"!!!!!!!

EDIT. I just looked at this post of yours.

"I am curious why you emphasized the divergence in your MACD indi against the chart. The classic technical approach would not allow you to buy against the divergence"

Now I understand, you were obviously confused, BBalazs was buying back into an uptrend following confirmation of Hidden Divergence, he was not buying against divergence he was buying with divergence!!

So this whole conversation is mute. Please ignore my request for clarification as none is necessary.
Thanks any way.
Cut your Losers short and let your Winners run.
  • #5,114
  • Jan 21, 2016 7:02am Jan 21, 2016 7:02am
Hey lads. Haven't been posting lately because I'm doing loads of back testing and working out how to better filter my trades.

I was looking at EU chart and...this is the coolest thing I've seen on a renko chart. I think, I may be wrong, these are algos working the market. Someone with a really low spread, a great execution and proper emotional control could have made a pretty penny here.

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  • #5,115
  • Jan 21, 2016 7:05am Jan 21, 2016 7:05am
Quoting toppo qqq
{quote} As for TP, since I can check charts/trades only every 2 hours or so at night, I ran an EA to take profit if sum of all positions reach a certain $ amount, which in this particular case is $2,000 (200 pips). Gap filling, Jpsehpine was happy {image}
I thought you meant this gap between 9660 and 9430.
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Cut your Losers short and let your Winners run.
  • #5,116
  • Jan 21, 2016 8:04am Jan 21, 2016 8:04am
@dee50

My 10 pips chart for today... can you please check my drawn entries if they're ok? Thanks
(I avoided the entries near the macd zero line because I don't know how to handle these possible entries in this zone)
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  • #5,117
  • Jan 21, 2016 8:28am Jan 21, 2016 8:28am
My trades after few days off.. I gotta say I have mixed feelings about it. Limit's done. But I'm not satisfied with these trades.
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  • #5,118
  • Jan 21, 2016 8:34am Jan 21, 2016 8:34am
Quoting Jagg
@dee50 My 10 pips chart for today... can you please check my drawn entries if they're ok? Thanks (I avoided the entries near the macd zero line because I don't know how to handle these possible entries in this zone) {image}
You have the general idea, except for the fact that you have not made any allowance for Trend, S&R, BRNs or Divergence.
Cut your Losers short and let your Winners run.
  • #5,119
  • Jan 21, 2016 8:39am Jan 21, 2016 8:39am
Quoting nuckern
My trades after few days off.. I gotta say I have mixed feelings about it. Limit's done. But I'm not satisfied with these trades. {image}
9 Trades, 1 loser, 3 BEs, 5 winners. Seems pretty reasonable to me considering it's the 3 pip chart.
Cut your Losers short and let your Winners run.
  • #5,120
  • Jan 21, 2016 9:03am Jan 21, 2016 9:03am
Quoting MisterC
Hey lads. Haven't been posting lately because I'm doing loads of back testing and working out how to better filter my trades. I was looking at EU chart and...this is the coolest thing I've seen on a renko chart. I think, I may be wrong, these are algos working the market. Someone with a really low spread, a great execution and proper emotional control could have made a pretty penny here. {image}
OK, you got me. What are we looking at, to me it looks like the old test card on a TV at a time when the valves still glowed.
Cut your Losers short and let your Winners run.
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