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More simple is impossible

  • #5,221
  • Edited 9:49am Jan 27, 2016 7:33am | Edited 9:49am
Quoting Islander
I'm trying this set-up for my Dax trading - trades posted earlier elsewhere {image}
I thought you gave up on renko.. What a surprise for me. Well, hope it will works for you well.

Quoting PhilippineFX
Dax 30.......+13......in on fib 50 and brn....{image}
Great trade Sir. As always. Btw. Mind you repost the second picture. You posted one picture twice.

If you cannot beat them, join them. +20

EDIT: made another 30 so limit's done.
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  • #5,222
  • Jan 27, 2016 8:52am Jan 27, 2016 8:52am
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  • #5,223
  • Jan 27, 2016 9:04am Jan 27, 2016 9:04am
I wish my brain could be as sharp everyday like this ....im tired now done
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  • #5,224
  • Edited 10:29am Jan 27, 2016 9:18am | Edited 10:29am
AU +10. Price was mostly consolidating so I did not expect the breakout above to keep going, however I did enter too soon. I should have waited for another rejection from the top. Still, trade worked out except for the crappy order management. The 5 pip played well to the stoch cycle and when I entered the stochs was OB.

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Took another quick scalp +6. Done for the day.

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  • #5,225
  • Jan 27, 2016 9:38am Jan 27, 2016 9:38am
this one had too much dd
  • #5,226
  • Jan 27, 2016 9:39am Jan 27, 2016 9:39am
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  • #5,227
  • Jan 27, 2016 2:20pm Jan 27, 2016 2:20pm
Trade from today... 47 pips on US30. Had a losing trade of 15, hit my SL.
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  • #5,228
  • Jan 28, 2016 3:02am Jan 28, 2016 3:02am
Dax 30 +8 +16
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  • #5,229
  • Jan 28, 2016 3:16am Jan 28, 2016 3:16am
DAX (+10 instead of 60 thanks to the Trade Manager)

I wanted my SL to move to BE after 15 points, so I set up the TM to do just that. After doing it's job, it started to trail the stop way too close, so I got taken out just to see the price moving in my favor all the way to my TP which was at +60 points.

Well, I have to tweak the settings some more.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,230
  • Jan 28, 2016 4:08am Jan 28, 2016 4:08am
DAX +18 +17 +17 +18.....Out of one trade and into another on Macd OB......felt it was ok to to go with a counter trend right away as Renco 10 was inconclusive at the moment
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  • #5,231
  • Jan 28, 2016 4:52am Jan 28, 2016 4:52am
GER30 +56+50. That's me done for the day. I did not take any earlier trades for the simple reason I was not in front of the computer. 1st trade was a bit of a risk but there was enough room between entry and the trend line for me to get out if necessary. 2nd trade was a BPC entry, breakout of trendline , pullback to BRN and off we went.

Sorry I have not been about, our water main burst again on Friday night but this time in more than one place so I have been laying a new one, we have had to replace over 300 metres of pipe so I have been a bit busy, I am hoping that the other 500 metres of water main doesn't go as well. We keep getting massive spikes in pressure which blows the pipe, typically Spain, the water company is not accepting responsibility. Got to go again, another problem!!!!
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Cut your Losers short and let your Winners run.
  • #5,232
  • Jan 28, 2016 5:43am Jan 28, 2016 5:43am
Quoting dee50
GER30 +56+50. That's me done for the day. I did not take any earlier trades for the simple reason I was not in front of the computer. 1st trade was a bit of a risk but there was enough room between entry and the trend line for me to get out if necessary. 2nd trade was a BPC entry, breakout of trendline , pullback to BRN and off we went. Sorry I have not been about, our water main burst again on Friday night but this time in more than one place so I have been laying a new one, we have had to replace over 300 metres of pipe so I have been a bit busy,...
"We keep getting massive spikes in pressure which blows the pipe"

As you say, a regular problem in Spain - just install a pressure limiting valve where your pipe joins with the Water Companies
Trading Levels with WRBs
  • #5,233
  • Jan 28, 2016 10:35am Jan 28, 2016 10:35am
Quoting Islander
{quote} "We keep getting massive spikes in pressure which blows the pipe" As you say, a regular problem in Spain - just install a pressure limiting valve where your pipe joins with the Water Companies
Just do this or just do that!!! HA Ha Ha!!! Been there, done that, more than once.
Cut your Losers short and let your Winners run.
  • #5,234
  • Jan 28, 2016 10:40am Jan 28, 2016 10:40am
Quoting BBalazs
DAX (+10 instead of 60 thanks to the Trade Manager) I wanted my SL to move to BE after 15 points, so I set up the TM to do just that. After doing it's job, it started to trail the stop way too close, so I got taken out just to see the price moving in my favor all the way to my TP which was at +60 points. Well, I have to tweak the settings some more. {image}
I tried to Trail with the TM, but because of the volatility in the DAX it does not work very well, regardless of how much you Tweak it. What I found most effective, move to BE +2 and leave it there until you have a Highly visible pullback and then move your Trail, depends on where your TP is, obviously a 20 TP you would just leave your SL at BE.
Cut your Losers short and let your Winners run.
  • #5,235
  • Jan 28, 2016 10:44am Jan 28, 2016 10:44am
Quoting dee50
{quote} I tried to Trail with the TM, but because of the volatility in the DAX it does not work very well, regardless of how much you Tweak it. What I found most effective, move to BE +2 and leave it there until you have a Highly visible pullback and then move your Trail, depends on where your TP is, obviously a 20 TP you would just leave your SL at BE.
That's what I intended to do, except the TM moved my SL despite the fact that the jumpstep was set to 0. If I disable it, it won't move my SL to BE.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,236
  • Jan 28, 2016 10:48am Jan 28, 2016 10:48am
At what point you consider moving to BE +2? With a profit of 10 or so?



Quoting dee50
{quote} I tried to Trail with the TM, but because of the volatility in the DAX it does not work very well, regardless of how much you Tweak it. What I found most effective, move to BE +2 and leave it there until you have a Highly visible pullback and then move your Trail, depends on where your TP is, obviously a 20 TP you would just leave your SL at BE.
  • #5,237
  • Jan 28, 2016 10:57am Jan 28, 2016 10:57am
From the "how not to trade / what the f**k where you thinking" category....

1st EU short was a mistake because I did not take the possible bounce into account; I was selling into SR. The rest were properly opened orders (IMO) but poorly managed. There were also some TA aspects that confused me. At least it's a BE day...

I was also watching the 5 pip..

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  • #5,238
  • Jan 28, 2016 11:23am Jan 28, 2016 11:23am
Quoting cfabian
At what point you consider moving to BE +2? With a profit of 10 or so? {quote}
HaHaHa. You are at it again!! The other night, notice NIGHT, when volatility was low I actually used a BE+2 @5 on a 10 pip TP and it worked just fine, try that during the day session and it "might" work but you also could end up being very frustrated. I posted my various TM setups and I keep trying out new ones.

http://www.forexfactory.com/showthre...06#post8687706
Cut your Losers short and let your Winners run.
  • #5,239
  • Jan 28, 2016 11:26am Jan 28, 2016 11:26am
Quoting BBalazs
{quote} That's what I intended to do, except the TM moved my SL despite the fact that the jumpstep was set to 0. If I disable it, it won't move my SL to BE.
Did you set the second one that I no longer use?

http://www.forexfactory.com/showthre...64#post8689764
Cut your Losers short and let your Winners run.
  • #5,240
  • Jan 28, 2016 11:47am Jan 28, 2016 11:47am
WTF is CII. Constance Brown's Composite Index.? so far I have found out that, just like many things in life, the idea was some one elses!!
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I have also found out that it is basically an unbounded RSI, what is Unbounded, many oscillators such as the Stochastic and RSI are Bounded, in other words they work within a range of 0 - 100, the MACD is an Unbounded Oscillator.

This is why you see the Stochastics go over 80 and below 20 and then Flatline at 100 & 0 as price continues on, the normal RSI is calculated in a different way and you do not see it Flatline in the same manner.

The CII is a mix of 3 RSI's, if you want to know more Google Constance Brown or Andrew Cardwell, but in a nutshell it is supposed to signal a reversal using Divergence. I have heard about about Trading using Divergence before, some where?
Cut your Losers short and let your Winners run.
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