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More simple is impossible

  • #5,481
  • Feb 11, 2016 10:34pm Feb 11, 2016 10:34pm
Quoting Intrepidpips
{quote} 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.
Thx for all that....funny but it did not feel aggressive at the time....I was crapping during the DD hoping the 61.8 and divergence held the fort. When the double top held and the divergence looked strong it was a simple choice to add to the position. Now if that same trade was in the form of a scalp on a 3 Renco there is little time to think[much less draw pretty fib levels] and yes it could be described as aggressive . I told dee a while back that I would try to grow up and do the odd trade on a HTF chart.
Hope I am not boring anyone here but i think it helps when posting a good trade to talk about the emotion of it all good or bad.
  • #5,482
  • Feb 12, 2016 3:19am Feb 12, 2016 3:19am
I'm checking out the 7,10,5 MACD my HTF says uptrend but MACD says sell what will price do?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1 1.png Size: 78 KB
Click to Enlarge Name: RENKO 3.png Size: 91 KB
Let it turn and find your entry.
  • #5,483
  • Feb 12, 2016 4:03am Feb 12, 2016 4:03am
Today's a bitch so far. Lots of sideways choppy PA.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,484
  • Edited 4:35am Feb 12, 2016 4:23am | Edited 4:35am
Dax 30..... +19+4 +3 +20 +18 +2 +4 +5 +8 Manic scalping
Attached Image (click to enlarge)
Click to Enlarge Name: uiuiutiuituuuuuuuuuuuuuu.PNG Size: 63 KB
  • #5,485
  • Feb 12, 2016 4:25am Feb 12, 2016 4:25am
The breakout sure takes it's sweet time.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,486
  • Feb 12, 2016 4:30am Feb 12, 2016 4:30am
Quoting Intrepidpips
I'm checking out the 7,10,5 MACD my HTF says uptrend but MACD says sell what will price do? {image} {image}

I see that it's safer to go with the HD and bet more (more profitable) and bet smaller on the RD much more opportunities to come today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1 2.png Size: 83 KB
Click to Enlarge Name: RENKO 4.png Size: 91 KB
Let it turn and find your entry.
  • #5,487
  • Feb 12, 2016 4:35am Feb 12, 2016 4:35am
Quoting PhilippineFX
Dax 30..... +19+4 +3 +20 +18 +2 +4 +5 +8 Manic scalping now a breakout {image}
That's 75 not bad at all and NYO's yet to deliver, Wonder if I could take on the 3 brick Monster, how do you determine which to follow 3, 5, or 10?
Let it turn and find your entry.
  • #5,488
  • Feb 12, 2016 4:44am Feb 12, 2016 4:44am
Quoting Intrepidpips
{quote} That's 75 not bad at all and NYO's yet to deliver, Wonder if I could take on the 3 brick Monster, how do you determine which to follow 3, 5, or 10?
I use the R3 when the cycles are in the 20-30 pip range and monitor the small scalps on the ren1.....disclaimer...i am not advising this. If you have a tendency to second guess yourself it can be tricky
  • #5,489
  • Feb 12, 2016 4:57am Feb 12, 2016 4:57am
How I feel about DAX right now

Inserted Video
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,490
  • Feb 12, 2016 5:02am Feb 12, 2016 5:02am
Quoting Intrepidpips
{quote} That's 75 not bad at all and NYO's yet to deliver, Wonder if I could take on the 3 brick Monster, how do you determine which to follow 3, 5, or 10?
Looks tempting just to take the HD's

I don't need too much just 50 pips per trading day I'm sure I've come to the right place.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 5.png Size: 72 KB
Let it turn and find your entry.
  • #5,491
  • Feb 12, 2016 5:08am Feb 12, 2016 5:08am
Quoting Intrepidpips
{quote} Looks tempting just to take the HD's I don't need too much just 50 pips per trading day I'm sure I've come to the right place. {image}
That's what I'm pretty much doing with DAX. It works like a charm as long as there is decent momentum. As soon as things slow down, you are toasted.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,492
  • Feb 12, 2016 5:10am Feb 12, 2016 5:10am
dax 30 +21 + 22 +23
not a lot of push behind these moves....got spooked out before the fib61.8 level
Attached Image (click to enlarge)
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  • #5,493
  • Feb 12, 2016 6:25am Feb 12, 2016 6:25am
Quoting BBalazs
{quote} That's what I'm pretty much doing with DAX. It works like a charm as long as there is decent momentum. As soon as things slow down, you are toasted.

Yeah, the value per pip is the demotivation.
Let it turn and find your entry.
  • #5,494
  • Feb 12, 2016 7:30am Feb 12, 2016 7:30am
Dax 30... +21 +27 +31 +32
Attached Image (click to enlarge)
Click to Enlarge Name: sssssssssssssssssss.PNG Size: 66 KB
  • #5,495
  • Feb 12, 2016 7:55am Feb 12, 2016 7:55am
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...

IF you think this is not good trading then look again . I think its damn good trading ...why do I think so ?? becos if you look at the results it proves that you can trade and manage your positions in any kind of market conditions or any market environment ,not many people can do that . Excellent trading !!! ... errors in judgement but you still managed to get out clean,,,,,,,,common who can do that!!!
  • #5,496
  • Feb 12, 2016 8:04am Feb 12, 2016 8:04am
Quoting PhilippineFX
Dax 30... +21 +27 +31 +32{image}

you scalp like crazy man !!!! excellent job you do ...I am going to try it today
  • #5,497
  • Feb 12, 2016 8:58am Feb 12, 2016 8:58am
​dax long +80
start with a hdv confirmed by a rdiv
entry not really precise but TL has held up well
Attached Image (click to enlarge)
Click to Enlarge Name: dax3.PNG Size: 106 KB
nescentia necat
  • #5,498
  • Feb 12, 2016 9:17am Feb 12, 2016 9:17am
Did anybody try range bars instead of renko? I am looking at it at the moment, it might be my weary eyes as I was sitting in front of my screen all day, but the cycles are easier to identify.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 48 KB
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,499
  • Feb 12, 2016 10:39am Feb 12, 2016 10:39am
Quoting BBalazs
Did anybody try range bars instead of renko? I am looking at it at the moment, it might be my weary eyes as I was sitting in front of my screen all day, but the cycles are easier to identify. {image}
Comparison of Renko v Range. There is a lot of difference between a 10 pip Renko (1st chart) and a 10 pip Range (2nd chart) in fact I would say that the 10 Range Chart looks more like the 5 pip Renko (3rd chart). look at the indicator differences between the first 2 charts, the Range chart is not showing the whole session, but the Renko chart is, Bars to the right of the red vertical line. This is because of the way the Bars are formed. A range bar forms every 10 pips of movement either up or down so more bars are shown.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10 pip renko.png Size: 59 KB
Click to Enlarge Name: 10 Range Bar.png Size: 62 KB
Click to Enlarge Name: 5 pip renko.png Size: 61 KB
Cut your Losers short and let your Winners run.
  • #5,500
  • Feb 12, 2016 12:19pm Feb 12, 2016 12:19pm
holding long dax @8826
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2016-02-12 alle 07.12.14 PM.png Size: 137 KB
nescentia necat
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