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  • #5,301
  • Feb 2, 2016 9:06am Feb 2, 2016 9:06am
MACD. Let's just clarify some thing about this little beauty, there is NO OB or OS with the MACD it is an Unbounded Oscillator. By reading PA and matching it with the MACD pattern "some of you" will be able to confirm a swing point. The rest of us need more help.

Although I posted explanations for both the Stochastic and MACD earlier in the thread, for those who did not read them here are 2 opposing views, one for one against. it's just like real life!!

http://www.eurofinance.bg/en/2012/05...vergence-macd/

http://www.thestreet.com/story/11400...indicator.html
Cut your Losers short and let your Winners run.
  • #5,302
  • Feb 2, 2016 9:15am Feb 2, 2016 9:15am
Great trading every one. for those of you who made positive pips.

For those of you who tried to go long in a clearly down trending market. WTF

For those of you who entered short 6 pips above a BRN that had already held price up and did not wait for the Breakout. WTF and subsequently got your pants pulled down and were molested as price consolidated above the BRN for a while.

You may not see me but I can see you!
Cut your Losers short and let your Winners run.
  • #5,303
  • Edited 10:17am Feb 2, 2016 9:57am | Edited 10:17am
I did not completed my 50p limit today... (35p) The situation is.. I said to me if I'll have profitable month I'll go back to real. And January was this month... I made about 1150 points so aprox 55p/day. And although I treat demo like real. I kind of feel I'm scared. Coz I burned myself too many times. I know my trading skills aren't anyhere near I wanted it to be.
On one hand 50p day ain't nothin hard.. on the other hand. Sometimes I feel it is. I feel pressure that first trade will be SL...And I start to panic. I know I can't have only winners...
If I fail the first day ( -50p ) I'll get back to demo for sure. I hope I won't fail.

Any advices from Dee, Phili and others are more than welcome.
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  • #5,304
  • Feb 2, 2016 10:40am Feb 2, 2016 10:40am
Quoting nuckern
I did not completed my 50p limit today... (35p) The situation is.. I said to me if I'll have profitable month I'll go back to real. And January was this month... I made about 1150 points so aprox 55p/day. And although I treat demo like real. I kind of feel I'm scared. Coz I burned myself too many times. I know my trading skills aren't anyhere near I wanted it to be. On one hand 50p day ain't nothin hard.. on the other hand. Sometimes I feel it is. I feel pressure that first trade will be SL...And I start to panic. I know I can't have only winners......
Mark Twain might be able to help you.

Do the thing you fear most and the death of fear is certain.

One of my favorite quotes. I know what you meanl, I still sometimes feel uneasy when I take a position because DAX is a beast. Just make sure you control the risk and you should be alright.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,305
  • Feb 2, 2016 11:31am Feb 2, 2016 11:31am
GER30+68+40. Evening trading is excruciatingly slow, but at the moment I have to trade when I can. It is Harvest Time, burst water main time, waiting for deliveries of building materials that do not arrive until the next day time.
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Cut your Losers short and let your Winners run.
  • #5,306
  • Feb 2, 2016 11:54am Feb 2, 2016 11:54am
Quoting nuckern
I did not completed my 50p limit today... (35p) The situation is.. I said to me if I'll have profitable month I'll go back to real. And January was this month... I made about 1150 points so aprox 55p/day. And although I treat demo like real. I kind of feel I'm scared. Coz I burned myself too many times. I know my trading skills aren't anyhere near I wanted it to be. On one hand 50p day ain't nothin hard.. on the other hand. Sometimes I feel it is. I feel pressure that first trade will be SL...And I start to panic. I know I can't have only winners......
When you first came to this thread your trading was crap, you were all over the place. You moved from one thread to another trying this and that. You constantly whinged and whined, every where.
Then you came back and settled in, slowly but surely your trading has been improving, becoming more consistent more disciplined.

You got burned because you were not a trader, you are now becoming one.

To trade live with real money you need confidence, confidence in your self, confidence in your method, if you are not yet confident Don't Trade Live, you will lose!!! because with out confidence you will be afraid.

Only you can decide. Do you have confidence in your method? Do you have confidence in your self.

1,150 pips. Sounds reasonable, but, Were they good pips or were they scrappy pips, 50 pips per day, sounds reasonable, but was that 2 x 20 pip trades + 1 x 10pips or was it a series of 10 - 15 trades mainly small losers with a few bigger winners to get you home, what I am saying is, don't base your decision on going live on 1 months pip total, base it on the quality of pips gained. if you had a lot of losers in Demo, they are easy to deal with, can you cope with that number of losers live?
Cut your Losers short and let your Winners run.
  • #5,307
  • Feb 2, 2016 12:49pm Feb 2, 2016 12:49pm
Quoting PhilippineFX
{quote} For me stochs is premature in pinpointing a reversal but others seem to get a good read from it....comes down to what you can see....I like to see price cycle in waves preferably in not too steep an angle.....then if/when macd peaks cleanly on the R5 i switch to the R3 for fine tuning....it comes down to feel in the end....when the action slows down its all pretty much the R3 chart but of course you must lower the expected pip count accordingly...also i am playing around with the R1 chart but do not want to say much about it at the moment....its...
Thank-you Phillippine and Dee for your responses.

Your wisdom is always greatly appreciated.
  • #5,308
  • Feb 2, 2016 1:21pm Feb 2, 2016 1:21pm
Quoting dee50
MACD. Let's just clarify some thing about this little beauty, there is NO OB or OS with the MACD it is an Unbounded Oscillator. By reading PA and matching it with the MACD pattern "some of you" will be able to confirm a swing point. The rest of us need more help. Although I posted explanations for both the Stochastic and MACD earlier in the thread, for those who did not read them here are 2 opposing views, one for one against. it's just like real life!! http://www.eurofinance.bg/en/2012/05...vergence-macd/ http://www.thestreet.com/story/11400...indicator.html...
Sorry to muddy the waters with my terminology here.....I have not the slightest clue how these indies are created or what they really mean.....I used the terms OB/OS to describe what i see but will just say peaked and bottomed. All I know is that lonely blue line helps me a lot combined with PA and a couple other items.....stochs plays a big part for many successful traders. I am not down on it at all.
  • #5,309
  • Feb 2, 2016 2:41pm Feb 2, 2016 2:41pm
Quoting dee50
{quote} When you first came to this thread your trading was crap, you were all over the place. You moved from one thread to another trying this and that. You constantly whinged and whined, every where. Then you came back and settled in, slowly but surely your trading has been improving, becoming more consistent more disciplined. You got burned because you were not a trader, you are now becoming one. To trade live with real money you need confidence, confidence in your self, confidence in your method, if you are not yet confident Don't Trade Live,...
Thank you very much for your words.

I get what you sayin. I went to 3 renko (still watchin 5 and 10) and started to look at M1 as well. I look for momentum/levels to get out... so sometimes it's 2x20 pip trade + 1x 10 sometimes it series of aprox10 trades... SL is still thing I struggle with the most... but I never have bigger than 20pip. To be honest I don't have many SLs coz I noticed I go BE very soon..for example +5/6 today. So I have many BEs which is sometimes good and sometimes not... I'll try to stick to +8 tomorrow. which should be sufficient on 3 renko.. Maybe even trail SL wouldn't be bad in my situation.

And as I said I treat demo same as live... I know you can say it's not the same. But for me it's.. That's reason why I realize how emotional I'm still sometimes(which is not good). And I know month +50/day isn't enough. But it will have to be.

The bad thing about confidence is... It's subjective. Yesterday I'd say I'm confident. As I didn't have any loser and my biggest mistake was I closed good trade early. Which is not anything I would be proud, but the price stalled. Today's different story. I hesitated few times. And in this game there's not a room for hesitation.

Quoting BBalazs
{quote} Mark Twain might be able to help you. Do the thing you fear most and the death of fear is certain. One of my favorite quotes. I know what you meanl, I still sometimes feel uneasy when I take a position because DAX is a beast. Just make sure you control the risk and you should be alright.
Thank you for this wonderfull quote. I guess Mark Twain would rethink his words when trying trade DAX. j/k But still very nice quote. )
  • #5,310
  • Feb 2, 2016 2:50pm Feb 2, 2016 2:50pm
Quoting dee50
GER30+68+40. Evening trading is excruciatingly slow, but at the moment I have to trade when I can. It is Harvest Time, burst water main time, waiting for deliveries of building materials that do not arrive until the next day time. {image}
now i see where stochs gave you the signal to stay/add to the position.....hmmmm.........
  • #5,311
  • Feb 3, 2016 4:45am Feb 3, 2016 4:45am
Dax 30 +30 +26 +14
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  • #5,312
  • Edited 7:33am Feb 3, 2016 5:35am | Edited 7:33am
Quoting PhilippineFX
Dax 30 +30 +26 +14{image}
nice one!

trades so far... +30,-7,+14

The losing trade was unnecessary.. I should bought earlier or wait for a break of M1 TL..
Short TL break for 14 I closed after 61Fib and minor S/R
The last long was TL break ( I really don't like breaks but I gotta trade what DAX offers.) BE too soon. I should at least trail to -5 SL.

Quoting BBalazs
{quote} Live account?
Not yet. I hope soon.

Quoting friska
hi mates! glad to read you again ...!! I have to recover some confidence hehehe I was a little off and far from charts .. I see with pleasure that you work well here! you rock ! back to work! long pos ger30 {image} nice div series lately on 4H {image}
Glad to see you again buddy! I kinda missed your lovely charts.


Quoting Matomi
Hope you all have great week, I had to change my management little bit, I set fixed SL 10 pips. Reason is simple, last week I was close to blow up my real account, my last chance - US interest rates - saved me. Yes, this is reality about trading without SL and hedging... Well, simple I should not enter in that trade, there were not any other reasons to enter, only my feelings. So fixed SL will safe my account with minimal loss and kick my ass for impatience for next time. My trades today: DAX30 +12 -10 -10 +25 +10 +15 +10 +10 {image}
Fixed SL seems to work well! )


EDIT: +23,-8,+32, +16

That's the reason I don't like to buy/sell to levels... -8 for this bounce... I'm not proud of it.. There was even minor S/R but price flew up trough it like there wasn't any barrier. So this loss was really useless.Well, I can live with that.
The last trade I had almost heart atttack when it retraced back from +15 to almost BE... but my TP was 50 Fib. And one wise man once told to stick with the TP. I could place it little lower to BRN.. But as I said once today.. I can live with that.
I had to add another trade to 100.. I like round numbers )


100 pips today...I'm done.
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  • #5,313
  • Feb 3, 2016 5:54am Feb 3, 2016 5:54am
Quoting nuckern
{quote} nice one! trades so far... +30,-7,+14 The losing trade was unnecessary.. I should bought earlier or wait for a break of M1 TL.. Short TL break for 14 I closed after 61Fib and minor S/R The last long was TL break ( I really don't like breaks but I gotta trade what DAX offers.) BE too soon. I should at least trail to -5 SL. {image}
Live account?
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,314
  • Feb 3, 2016 6:08am Feb 3, 2016 6:08am
am I imagining I see dax only play longs from now till maybe 11 ny time
  • #5,315
  • Feb 3, 2016 6:33am Feb 3, 2016 6:33am
hi mates! glad to read you again ...!!
I have to recover some confidence hehehe I was a little off and far from charts ..
I see with pleasure that you work well here! you rock !
back to work!
long pos ger30
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nice div series lately on 4H
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nescentia necat
  • #5,316
  • Feb 3, 2016 6:38am Feb 3, 2016 6:38am
Hope you all have great week, I had to change my management little bit, I set fixed SL 10 pips. Reason is simple, last week I was close to blow up my real account, my last chance - US interest rates - saved me. Yes, this is reality about trading without SL and hedging... Well, simple I should not enter in that trade, there were not any other reasons to enter, only my feelings. So fixed SL will safe my account with minimal loss and kick my ass for impatience for next time. My trades today:

DAX30 +12 -10 -10 +25 +10 +15 +10 +10
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  • #5,317
  • Feb 3, 2016 7:02am Feb 3, 2016 7:02am
Quoting Matomi
Hope you all have great week, I had to change my management little bit, I set fixed SL 10 pips. Reason is simple, last week I was close to blow up my real account, my last chance - US interest rates - saved me. Yes, this is reality about trading without SL and hedging... Well, simple I should not enter in that trade, there were not any other reasons to enter, only my feelings. So fixed SL will safe my account with minimal loss and kick my ass for impatience for next time. My trades today: DAX30 +12 -10 -10 +25 +10 +15 +10 +10 {image}
That is why averaging down is dangerous. You just don't know what is going to happen next. Nice trading, I'm glad you managed to dodge the Margin Call
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,318
  • Feb 3, 2016 9:25am Feb 3, 2016 9:25am
Quoting friska
hi mates! glad to read you again ...!! I have to recover some confidence hehehe I was a little off and far from charts .. I see with pleasure that you work well here! you rock ! back to work! long pos ger30 {image} nice div series lately on 4H {image}
I was wondering what happened to you! Glad to see you are still active here
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,319
  • Feb 3, 2016 9:58am Feb 3, 2016 9:58am
Quoting BBalazs
{quote} I was wondering what happened to you! Glad to see you are still active here
thx buddy!

pending order 2nd monitor for renko chart and i'm back to full operativity!
nescentia necat
  • #5,320
  • Feb 3, 2016 10:21am Feb 3, 2016 10:21am
How's everybody doing today? I'm up overall, but its been a weird day. I trade with FXCM, and am experiencing a lot of "off quotes" to either open and close trades. Never happened before... This led me to a couple of -30 trades or so, and missed some entries... what about you? Trading DAX and US30 by the way.

I wonder how this will behave when trading big lots?
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