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More simple is impossible

  • #5,461
  • Feb 10, 2016 9:16am Feb 10, 2016 9:16am
Quoting bettervolume
I have been making too many mistakes recently so I decided to go back to the drawing board and study all over .Also I changed from fxcm to pepperstone becos I was getting frustrated with closing the trade and it just goes ding dong ...Now I am going back to basics I am having problems with this support and resistance levels ...can anyone check if I have drawn the lines properly for today ??? {image}
Better late than never. Been busy with other stuff today.
I have done several posts about drawing S&R levels, use the search box, top left, they come up in that lot.

here are my levels today. How I use a line chart to draw levels. Hope it helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER30H4 100216.png Size: 55 KB
Click to Enlarge Name: GER30M2 100216.png Size: 55 KB
Click to Enlarge Name: S&R Lines.png Size: 57 KB
Cut your Losers short and let your Winners run.
  • #5,462
  • Feb 10, 2016 10:20am Feb 10, 2016 10:20am
For the laid back like me just employ an indie to do the job of drawing the Pivot, R1 ,R2, R3, S1, S2 & S3.

Find the price direction, take a position and watch price hit any of your target levels.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO WONDER 11.png Size: 67 KB
Attached File(s)
File Type: ex4 Fibonacci Pivots.ex4   5 KB | 320 downloads
Let it turn and find your entry.
  • #5,463
  • Feb 10, 2016 10:24am Feb 10, 2016 10:24am
Quoting Intrepidpips
For the laid back like me just employ an indie to do the job of drawing the Pivot, R1 ,R2, R3, S1, S2 & S3. Find the price direction, take a position and watch price hit any of your target levels. {image} {file}
I am using the Access Panel from the PVSRA thread. You can set it to draw BRNs, Fibos from yesterday's High and Low and Pivots.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,464
  • Feb 11, 2016 1:00am Feb 11, 2016 1:00am
DAX (+30 overall)

Limit's done. Crazy morning, lot of fast PA. That's why I have this love-hate thing with DAX.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 62 KB
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,465
  • Feb 11, 2016 1:41am Feb 11, 2016 1:41am
Quoting dee50
{quote} Better late than never. Been busy with other stuff today. I have done several posts about drawing S&R levels, use the search box, top left, they come up in that lot. here are my levels today. How I use a line chart to draw levels. Hope it helps. {image} {image} {image}
thanx dee50 will search them
  • #5,466
  • Feb 11, 2016 2:56am Feb 11, 2016 2:56am
Several missed opportunities but the way to play the range play offered by Renko charts is getting amazingly simple by the day.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO.png Size: 53 KB
Let it turn and find your entry.
  • #5,467
  • Edited 8:33pm Feb 11, 2016 4:14am | Edited 8:33pm
Dax 30 +56 +73.....in at fib 61.8/double top[on the second position]/macd div....out at BRN/fib 61.8....old school baby. This will buy the rice for the week....had to sweat some draw down on the first position

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: oiweffoihof.PNG Size: 56 KB
  • #5,468
  • Feb 11, 2016 4:30am Feb 11, 2016 4:30am
Quoting Intrepidpips
Several missed opportunities but the way to play the range play offered by Renko charts is getting amazingly simple by the day. {image}
Hi intrepidpips;

What size brick, you use for GBPUSD?

Thanks
  • #5,469
  • Feb 11, 2016 5:57am Feb 11, 2016 5:57am
Quoting PhilippineFX
Dax 30 +56 +73.....in at fib 61.8/double top[on the second position]/macd div....out at BRN/fib 61.8....old school baby. This will buy the rice for the week....had to sweat some draw down on the first position 1853916 {image}
Well done. As always, your screenshot is revealing, I see you enter trades aggressively guess that goes with having a feel for price movements and 10,000 hours screen time.
Let it turn and find your entry.
  • #5,470
  • Edited 6:16am Feb 11, 2016 5:59am | Edited 6:16am
Quoting chaveznqoos
{quote} Hi intrepidpips; What size brick, you use for GBPUSD? Thanks
5 pips.

3 would do but 5 gives more reliable signals albeit higher risks.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 1.png Size: 98 KB
Let it turn and find your entry.
  • #5,471
  • Feb 11, 2016 7:05am Feb 11, 2016 7:05am
Quoting BBalazs
{quote} I am using the Access Panel from the PVSRA thread. You can set it to draw BRNs, Fibos from yesterday's High and Low and Pivots.

It's a nice tool, I'm studying it ATM, thanks.
Let it turn and find your entry.
  • #5,472
  • Feb 11, 2016 7:26am Feb 11, 2016 7:26am
Quoting BBalazs
DAX (+30 overall) Limit's done. Crazy morning, lot of fast PA. That's why I have this love-hate thing with DAX. {image}
Had crazy morning as well, TP, Loss, BE, BE, Loss, BE, BE TP etc..

afternoon was better 20, 30 Shame I missed and entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.2.16odpo.png Size: 48 KB
  • #5,473
  • Feb 11, 2016 8:10am Feb 11, 2016 8:10am
GER30+103+44+20+10-5+39+10+10+10+8+20+18. What a dayFirst trade I thought great looks like it is going to be a nice day. After that it went down hill. Some serious errors in judgement, which I managed to get out of clean, I was killing trades, it was like a bloodbath. I even changed down to a 3 pip Renko but the noise was deafening and I was getting spooked, so I changed back up. Altogether not a day for me to be proud of, yes I got a few Pips but my trading had no style, definitely not a swagger day.
Hope you all faired OK and not too many of you have been reaching for the KY gell as you got your Pants pulled down, it has been a difficult day for one and all.

If you had looked at the Index Components you would have seen all red bar 2, for the session, which does not explain why some idiot with deep pockets kept trying to buy it back up!! It is his fault!!!

2 charts to show the trades, and 1 x 10 pip Over view.

Have a nice day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER30+103+44+20+10-5+1+39+10 110216.png Size: 71 KB
Click to Enlarge Name: GER30+10+10+8+20+18 110216.png Size: 66 KB
Click to Enlarge Name: GER30 R10 120216.png Size: 36 KB
Cut your Losers short and let your Winners run.
  • #5,474
  • Feb 11, 2016 8:16am Feb 11, 2016 8:16am
Quoting PhilippineFX
Dax 30 +56 +73.....in at fib 61.8/double top[on the second position]/macd div....out at BRN/fib 61.8....old school baby. This will buy the rice for the week....had to sweat some draw down on the first position 1853916 {image}
"I don't believe it" (Victor Meldrew) Does that say a 10 pip Renko!! Surely that was an error on your part, it must have been like watching paint dry for you, in comparison to your normal Formula 1 charts.
Cut your Losers short and let your Winners run.
  • #5,475
  • Feb 11, 2016 8:16am Feb 11, 2016 8:16am
I keep aiming for the low hanging fruit 10-12 pips cos holding on all the way results in battling with draw-downs sometimes

It seems that the 7, 10, 5 settings for the MACR NRP is the bomb. see you guys (and gals) tomorrow God willing.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 2.png Size: 78 KB
Let it turn and find your entry.
  • #5,476
  • Feb 11, 2016 8:18am Feb 11, 2016 8:18am
Wow ! Dee50 you may not be proud of the trading today but if I could get the odd day with those results I would be popping open the Champagne !!

Cheers...des
  • #5,477
  • Feb 11, 2016 8:49am Feb 11, 2016 8:49am
Quoting des_b
Wow ! Dee50 you may not be proud of the trading today but if I could get the odd day with those results I would be popping open the Champagne !! Cheers...des
Keep doing what your doing and your Champagne days will arrive sooner than you think.

As for me, there is no one here (my Home) to kick my ass so I have to do it my self, it is easy to become Cocky and Complacent and Self Beratement (note: Self Abuse is more pleasurable but less effective) is less painful than to see 1,000s disappear from the account.
Cut your Losers short and let your Winners run.
  • #5,478
  • Feb 11, 2016 11:59am Feb 11, 2016 11:59am
Quoting dee50
{quote} "I don't believe it" (Victor Meldrew) Does that say a 10 pip Renko!! Surely that was an error on your part, it must have been like watching paint dry for you, in comparison to your normal Formula 1 charts.
AWWWWW!!!! You noticed!!! ....I thought is was time I started to act my age.......i doubt it will last
  • #5,479
  • Edited 8:16pm Feb 11, 2016 12:12pm | Edited 8:16pm
Quoting dee50
GER30+103+44+20+10-5+39+10+10+10+8+20+18. What a dayFirst trade I thought great looks like it is going to be a nice day. After that it went down hill. Some serious errors in judgement, which I managed to get out of clean, I was killing trades, it was like a bloodbath. I even changed down to a 3 pip Renko but the noise was deafening and I was getting spooked, so I changed back up. Altogether not a day for me to be proud of, yes I got a few Pips but my trading had no style, definitely not a swagger day. Hope you all faired OK and not too many...
..when the trades seem spastic its like you have to throw all caution to the wind to get out alive......funny how a 100 plus pip day can feel like crap even though the same tally on a different day makes you feel brilliant...
  • #5,480
  • Feb 11, 2016 6:23pm Feb 11, 2016 6:23pm
Quoting dee50
GER30+103+44+20+10-5+39+10+10+10+8+20+18. What a dayFirst trade I thought great looks like it is going to be a nice day. After that it went down hill. Some serious errors in judgement, which I managed to get out of clean, I was killing trades, it was like a bloodbath. I even changed down to a 3 pip Renko but the noise was deafening and I was getting spooked, so I changed back up. Altogether not a day for me to be proud of, yes I got a few Pips but my trading had no style, definitely not a swagger day. Hope you all faired OK and not too many...
Ah those few(287) pips...
Sir, you make me feel like an inferior being

Thank you for posting charts!
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