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  • #5,941
  • Mar 14, 2016 1:26pm Mar 14, 2016 1:26pm
Missed the morning action, didn't see much after that. Just watching. Best, Josh
  • #5,942
  • Mar 14, 2016 6:55pm Mar 14, 2016 6:55pm
Quoting dee50
GER30+2+77+40. Definitely my last ones today. Look at that I left over 50 pips on the table on that last lot, there was me thinking earlier on that it might climb all the way back up. Just proves the point. "Trade what you see not what you think" there are bigger deeper pockets out there and one of the reasons the market moves is we all think differently. I am done for the week. CU all next week, have a good weekend. {image}

Hello, Dee50.

Could you please post your complete set up and rules for this strategy? Seems like you are rocking!
If you could explain exactely the rules you obey to enter and to exit, I would be very greatful.

Thanks a lot and keep profiting!

Maitrader
  • #5,943
  • Mar 14, 2016 11:48pm Mar 14, 2016 11:48pm
Oh my God - another one.
  • #5,944
  • Mar 15, 2016 12:01am Mar 15, 2016 12:01am
Quoting handy148
Oh my God - another one.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,945
  • Mar 15, 2016 12:17am Mar 15, 2016 12:17am
Quoting BBalazs
{quote}
  • #5,946
  • Edited 12:35am Mar 15, 2016 12:24am | Edited 12:35am
Quoting dee50
{quote} Don't be impressed!! All he was doing was pressing open and then immediately closing the trade, the rest was down to the latency of the connection that is the only way he could have done so many trades, many of the trades lasted for less than 10 seconds even more for less than 5 - 6 seconds.
Hi Dee - trust you are well. A couple of years ago I worked out a similar strategy and turned a 1K account into 18K in ten days scalping like hell with 200 / 300 trades a day. On the third Monday I qot re-quoted and slipped to hell, so I took out most of my winnings and started researching a different system. As you have said, I was taking from the broker and at least they allowed me to cash out.
Regards
Islander

PS On starting to play catch up with your thread I see that you have been looking at S&D areas - earlier this year I spent some time researching Hidden Gap's WRBs and his Delta S&D Areas, so I take a closer look at what you've found.
Trading Levels with WRBs
  • #5,947
  • Mar 15, 2016 12:52am Mar 15, 2016 12:52am
Philippine, are you trading a 100 contracts on a live account? You must have balls of steel, I probably would get a heart attack the minute I press the buy / sell button
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,948
  • Mar 15, 2016 2:22am Mar 15, 2016 2:22am
DAX +28 + 31 +35 +36, not too bad for a late morning, still some work needed on the exits on the scalp front.
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Hidden in plain sight.
  • #5,949
  • Mar 15, 2016 2:34am Mar 15, 2016 2:34am
GER30+69+39+20. Not much to say. Classic Divergence @ Major S&R, then a perfect 123 @ BRN. The only thing to take note of, is that PA is very jittery the only way to deal with that is to get to BE and then leave it alone, in other words, TP or BE nothing in between. The Horizontal Red line is the Daily open line, a notable BRN 10,000, just above it so this was a pretty obvious place to get out, holding on for more at this point would be stupid.
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Cut your Losers short and let your Winners run.
  • #5,950
  • Mar 15, 2016 2:35am Mar 15, 2016 2:35am
Quoting jakucha
DAX +28 + 31 +35 +36, not too bad for a late morning, still some work needed on the exits on the scalp front. {image}
Way to go, really nice trading
Cut your Losers short and let your Winners run.
  • #5,951
  • Mar 15, 2016 2:46am Mar 15, 2016 2:46am
Quoting Islander
{quote} On starting to play catch up with your thread I see that you have been looking at S&D areas - earlier this year I spent some time researching Hidden Gap's WRBs and his Delta S&D Areas, so I take a closer look at what you've found.
From my own personal point of view, I found the S&D zone boundaries were where I would have drawn my S&R lines anyway, so rather than fill a chart with lots of coloured boxes I decided to stay with what I have been using for years, but that is just me personally.
Cut your Losers short and let your Winners run.
  • #5,952
  • Mar 15, 2016 2:48am Mar 15, 2016 2:48am
Quoting JoshuaHope
Missed the morning action, didn't see much after that. Just watching. Best, Josh
Often the most sensible thing to do
Cut your Losers short and let your Winners run.
  • #5,953
  • Mar 15, 2016 2:53am Mar 15, 2016 2:53am
Quoting maitrader
{quote} Hello, Dee50. Could you please post your complete set up and rules for this strategy? Seems like you are rocking! If you could explain exactely the rules you obey to enter and to exit, I would be very greatful. Thanks a lot and keep profiting! Maitrader
I answered this same question just 2 pages ago just 1 page when you posted.
Cut your Losers short and let your Winners run.
  • #5,954
  • Mar 15, 2016 2:58am Mar 15, 2016 2:58am
Quoting BBalazs
Philippine, are you trading a 100 contracts on a live account? You must have balls of steel, I probably would get a heart attack the minute I press the buy / sell button
I really do not want to comment on my lot size. Its not relevant here....There is a trade size that will make anyone's​ gonads shrivelThe trick it to stay with a trade size you are comfortable with.
Lets say for arguments sake it is 100 lots per trade. With the Dax hovering around 10k thats a buck a lot per pip or 100 bucks. Rack up 100 pips on a 10k balance and the account doubles. Now the idea is to protect the profits so pull 10k off the table and reset to a 10k account size. Repeat. Then repeat again.....how long it takes you to net 100 pips is not important. What is important is you have protected your profits. If you do this often enough that big lot trade takes on a whole new perspective. Blowing up a chunk of a 10k account is not the end of the world if you have pulled 20X that over the course of a year..
If those sounds like scary numbers then knock a zero off of it and and use 1k as your starting balance.....or 200....the point is use the leverage afforded us...its an opportunity.....
Think about this for a second....A 10 k account traded at 100:1 for 100 pips a month will let you live anywhere in the world.....here in the Phills it only takes a $2000 bucks a month....for a life that`s hard to describe[in a good way]
  • #5,955
  • Mar 15, 2016 3:08am Mar 15, 2016 3:08am
Quoting cfabian
Good morning all... I want to know your opinion on a signal to close trades. I know this all comes to PA, levels, etc, however, want to come up with a closing signal using candles, or indicators, or a combination. You may have though of this, and would like to star a discussion around it. For the renko method we are using, what would be better: - Close a trade at first opposite candle - Close at opoosite stochs cross - Close at opposite MACD cross - Trade with fixed SL and TP Best
Looks like you will have difficulty getting a response to this question, because it is pretty much a matter of personal taste. What other traders feel comfortable with.
First you need to decide are you taking the signal from a 5 pip or 10 pip chart.
Technically, I would not choose the First Opposite Candle for the simple reason that the market cycles and depending on volatility you could get an opposite candle every 10 pips, the term Jack Rabbit springs to mind.
If you are entering based on a signal from a combination of indicators and PA, why would you not close on the same basis.
The fixed SL and TP is favourite because it is simple, however, too large a TP and you will end up bailing on a trade too often, too short a TP and you will end up cursing that you missed too many pips.

Are you one of the ones that has a pip target for the day, is it large or small? this obviously has a bearing.
Cut your Losers short and let your Winners run.
  • #5,956
  • Mar 15, 2016 3:12am Mar 15, 2016 3:12am
Quoting PhilippineFX
{quote} I really do not want to comment on my lot size. Its not relevant here....There is a trade size that will make anyone's​ gonads shrivelThe trick it to stay with a trade size you are comfortable with. Lets say for arguments sake it is 100 lots per trade. With the Dax hovering around 10k thats a buck a lot per pip or 100 bucks. Rack up 100 pips on a 10k balance and the account doubles. Now the idea is to protect the profits so pull 10k off the table and reset to a 10k account size. Repeat. Then repeat again.....how long it takes...
Yeah, I've been doing a lot of thinking about it. You don't really need much here either, to make a great living. Thanks for the clarification.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,957
  • Mar 15, 2016 3:28am Mar 15, 2016 3:28am
Quoting dee50
{quote} Often the most sensible thing to do
Sure is. I am gonna watch the action for a while without trading...see if any light bulbs come on.
  • #5,958
  • Mar 15, 2016 3:34am Mar 15, 2016 3:34am
Quoting BBalazs
{quote} Yeah, I've been doing a lot of thinking about it. You don't really need much here either, to make a great living. Thanks for the clarification.
I have been thinking about it also.

I want to live like a king as well but I do not want to have to wear a dress and stick close to the Air Con to do so, I am also a bit concerned about going to the witch doctor for medical treatment but I suppose eventually I would adapt, assuming that I lived long enough to do so.
Cut your Losers short and let your Winners run.
  • #5,959
  • Mar 15, 2016 4:52am Mar 15, 2016 4:52am
Quoting dee50
GER30+69+39+20. Not much to say. Classic Divergence @ Major S&R, then a perfect 123 @ BRN. The only thing to take note of, is that PA is very jittery the only way to deal with that is to get to BE and then leave it alone, in other words, TP or BE nothing in between. The Horizontal Red line is the Daily open line, a notable BRN 10,000, just above it so this was a pretty obvious place to get out, holding on for more at this point would be stupid. {image}
amazing to see you hold that during the pullback.. out of interest, I'd noted (but missed the trade completely) potential exit was at 161.8, just wondering your thought process for ignoring that and holding on for the rest of the move

Attached Image
  • #5,960
  • Mar 15, 2016 5:47am Mar 15, 2016 5:47am
Quoting superjolt
{quote} amazing to see you hold that during the pullback.. out of interest, I'd noted (but missed the trade completely) potential exit was at 161.8, just wondering your thought process for ignoring that and holding on for the rest of the move {image}
The problem with 1 dimensional trading is you miss the bigger picture.!!!

I haven't come across the method that you used to identify the 161.8%, can you explain it for me, is it part of one of the insect patterns??
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Cut your Losers short and let your Winners run.
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