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  • #6,041
  • Mar 17, 2016 5:51am Mar 17, 2016 5:51am
DAX +44 + 2

Could not help, this time with valid reasons. Good demand level and BRN and div on both charts. Added at the small retrace and chickened out at +2 cause of previous losses (hence be disciplined and patient as it can mess with your future entries psychologically...), now waiting waiting for a 1-2-3 on renko 10 if we get it to see what's what.

Looking forward to seeing dee's pips on this move down and probably from the bottom as well.
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Hidden in plain sight.
  • #6,042
  • Mar 17, 2016 6:33am Mar 17, 2016 6:33am
DAX +26 +32. Got a little retracement, was good enough after the impulse and not too risky.
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Hidden in plain sight.
  • #6,043
  • Mar 17, 2016 6:37am Mar 17, 2016 6:37am
Ger30 +2+2+2. Talk about frustration. I was hoping to catch a 161 extension where the 200ema is one the 5 pip chart, and 50ema on 10. Didn't happen. I should have went for 127 at brn, but i guess i misjudged the situation...
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  • #6,044
  • Mar 17, 2016 6:48am Mar 17, 2016 6:48am
Dax +14
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  • #6,045
  • Mar 17, 2016 6:59am Mar 17, 2016 6:59am
Quoting dee50
{quote} Difficult to answer you as you have only presented me with a 10 pip chart....}
Hi Dee, thanks for your answer.

Probably I must hade trades my beliefs not the price action. I was convinced that rated the strong downtrend of the previous day, on the 61.8 retracement with those fine differences over the 10 points could be a strong down reversal, but it did not happen.
In general I have difficulty understanding the graph on what was understood that the trend was no longer short, but long.

Excuse my english.... google chrome translation
  • #6,046
  • Mar 17, 2016 7:05am Mar 17, 2016 7:05am
Hoping that it will be useful to all, I attach an indicator that I'm using on renko with interesting results.

Waiting to become as Dee50 to take the real market reversals .

A close below or up demark trendline very often provides the ability to take speed 15/20 points.
The setting indicator input "true" as also in automatic target potential.
Attached File(s)
File Type: mq4 DeMark lines.mq4   17 KB | 211 downloads
  • #6,047
  • Mar 17, 2016 7:11am Mar 17, 2016 7:11am
GER30+6+5+160+115+84+62+78+35. First 2 trades I got spooked and killed them even though I was at BE and was safe. The second trade I should have taken profit at the 200 ema but with the BRN 10000 just below having been a major level I thought price would go there, my bad! Lot of stuff in the way for another short so I waited, the next bounce off the BRN 10050+Div was a strong hint but that Trendline, MAs and an S&R level were still in the way. Another trendline break, a break of the S&R level and the 50 ema I thought what the hell 30 pips between my entry and the BRN 10000, MACD below the 0.0 level, stochs in a down cycle worst case would be BE go for it. price did come back at me, so was it Kill it or Hold it, stochs didn't make it past the 50 and MACD stayed below the 0.0, Hold it! After that it just got plain silly just keep adding until you don't. I killed the first lot as the MACD broke its trendline.
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Cut your Losers short and let your Winners run.
  • #6,048
  • Mar 17, 2016 7:20am Mar 17, 2016 7:20am
hats off and thank you for the detailed mechanism.

Quoting dee50
GER30+6+5+160+115+84+62+78+35. First 2 trades I got spooked and killed them even though I was at BE and was safe. The second trade I should have taken profit at the 200 ema but with the BRN 10000 just below having been a major level I thought price would go there, my bad! Lot of stuff in the way for another short so I waited, the next bounce off the BRN 10050+Div was a strong hint but that Trendline, MAs and an S&R level were still in the way. Another trendline break, a break of the S&R level and the 50 ema I thought what the hell 30 pips between...
Hidden in plain sight.
  • #6,049
  • Mar 17, 2016 7:23am Mar 17, 2016 7:23am
Quoting Jds00
{quote} Hi Dee, thanks for your answer. Probably I must hade trades my beliefs not the price action. I was convinced that rated the strong downtrend of the previous day, on the 61.8 retracement with those fine differences over the 10 points could be a strong down reversal, but it did not happen. In general I have difficulty understanding the graph on what was understood that the trend was no longer short, but long. Excuse my english.... google chrome translation
On my charts are 2 longer term MAs a 200 and a 50, look at the angle of the MAs and the separation this gives you a good indication of both Trend direction and momentum, use what ever combination you want just remember that too short a period and you will get a lot of false information too long and they will live up to their reputation of being the most lagging indicator you can use.

Oxford English Dictionary and a few years in English schools and Firefox spell checker.
Cut your Losers short and let your Winners run.
  • #6,050
  • Mar 17, 2016 7:47am Mar 17, 2016 7:47am
Quoting dee50
GER30+6+5+160+115+84+62+78+35. First 2 trades I got spooked and killed them even though I was at BE and was safe. The second trade I should have taken profit at the 200 ema but with the BRN 10000 just below having been a major level I thought price would go there, my bad! Lot of stuff in the way for another short so I waited, the next bounce off the BRN 10050+Div was a strong hint but that Trendline, MAs and an S&R level were still in the way. Another trendline break, a break of the S&R level and the 50 ema I thought what the hell 30 pips between...
Hello Dee, excellent, you're almost too good to be true!
If you may, I have a dilemma here... when do you know that you should stop opening new positions? You continued to add new positions for example today even if Dax downward move exceeded it's daily average. You can actually take this as a general question, in a intraday trend, there are usually 1-2-3 good setups. When do you know when to take all of them and when you stop?
I often stop after first or second TP probable just because of mental comfort but at the end of the day when I see that I lost a lot of other opportunities I ken not be very happy But if I try to take more setups, I find myself in a reversal situation, take a 1-2 SL and again it is not good Do you have any suggestions for me?
Thank you!
  • #6,051
  • Mar 17, 2016 9:23am Mar 17, 2016 9:23am
Quoting dee50
GER30+6+5+160+115+84+62+78+35. First 2 trades I got spooked and killed them even though I was at BE and was safe. The second trade I should have taken profit at the 200 ema but with the BRN 10000 just below having been a major level I thought price would go there, my bad! Lot of stuff in the way for another short so I waited, the next bounce off the BRN 10050+Div was a strong hint but that Trendline, MAs and an S&R level were still in the way. Another trendline break, a break of the S&R level and the 50 ema I thought what the hell 30 pips between...

545 pips excellent trading x10 wowwwwwwwwwwwwww
  • #6,052
  • Mar 17, 2016 9:26am Mar 17, 2016 9:26am
My attempts today on DAX. It is getting too difficult. I'm having trouble reading direction.
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  • #6,053
  • Mar 17, 2016 9:38am Mar 17, 2016 9:38am
I have been having some problems with renkolivechartv600.6. Anyone else having huge wicks?
Compared to 413pimped version here.
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  • #6,054
  • Mar 17, 2016 9:45am Mar 17, 2016 9:45am
Quoting JoshuaHope
I have been having some problems with renkolivechartv600.6. Anyone else having huge wicks? Compared to 413pimped version here. {image} {image}
That EA was a disaster when I used it. Full of bugs, and freezed constantly. I prefer to remain with my pimped renko. More reliable.
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,055
  • Mar 17, 2016 9:47am Mar 17, 2016 9:47am
Quoting BBalazs
{quote} That EA was a disaster when I used it. Full of bugs, and freezed constantly. I prefer to remain with my pimped renko. More reliable.
I have not seen freezing, but these wicks change the oscillator levels drastically. Best, Josh
  • #6,056
  • Mar 17, 2016 9:48am Mar 17, 2016 9:48am
DAX +23 +36 +26 +35 +43.

Not unhappy. There may be way more to be taken. Morning losses are erased so that's good. Trusted this M15 level and PA and had the 123 on renko 10 I was waiting for. Waited for NY open for the fuel to get going, out at BRN. Entries were taken on renko 5 or 10 with div and the fib50 for the last one. Will check for retracements if any.
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Hidden in plain sight.
  • #6,057
  • Mar 17, 2016 9:56am Mar 17, 2016 9:56am
Quoting JoshuaHope
I have been having some problems with renkolivechartv600.6. Anyone else having huge wicks? Compared to 413pimped version here. {image} {image}
HAHA! Exact opposite for me, I was getting huge wicks with pimped, that is why I changed, no problems now for me.
Cut your Losers short and let your Winners run.
  • #6,058
  • Mar 17, 2016 10:00am Mar 17, 2016 10:00am
Quoting dee50
{quote} HAHA! Exact opposite for me, I was getting huge wicks with pimped, that is why I changed, no problems now for me.
Very strange.
  • #6,059
  • Mar 17, 2016 10:00am Mar 17, 2016 10:00am
Quoting jakucha
DAX +23 +36 +26 +35 +43. Not unhappy. There may be way more to be taken. Morning losses are erased so that's good. Trusted this M15 level and PA and had the 123 on renko 10 I was waiting for. Waited for NY open for the fuel to get going, out at BRN. Entries were taken on renko 5 or 10 with div and the fib50 for the last one. Will check for retracements if any. {image}
You managed to trade the crap, I was considering it but I was only thinking of 10 pip scalps so I did not bother.
Cut your Losers short and let your Winners run.
  • #6,060
  • Mar 17, 2016 10:04am Mar 17, 2016 10:04am
Quoting JoshuaHope
{quote} Very strange.
What is even stranger is v600 was written on the back of Pimped, only a few changes were made to clean up the code
Cut your Losers short and let your Winners run.
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