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More simple is impossible

  • #6,061
  • Mar 17, 2016 10:06am Mar 17, 2016 10:06am
Yes That's when other tools come to the rescue.

Added another +17, could have been more if it wasn't for the slippage grrr. Closed just shy of today's 38.2 (lloks like i did right, they don't make it easy do they?), divergence was screaming for it.

Quoting dee50
{quote} You managed to trade the crap, I was considering it but I was only thinking of 10 pip scalps so I did not bother.
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Hidden in plain sight.
  • #6,062
  • Mar 17, 2016 10:07am Mar 17, 2016 10:07am
Quoting dee50
{quote} What is even stranger is v600 was written on the back of Pimped, only a few changes were made to clean up the code
Even more strange, take a look at my post above...now it seems pimped also shows a few huge wicks...for the 600.6, i saw that huge wick as it was created...i hope for pimped, its only misreading historical data...
  • #6,063
  • Mar 17, 2016 10:14am Mar 17, 2016 10:14am
DAX +19

Hidden div, MAs turned up, first test of the 50ema, and the 38.2fib was a magnet.

Before coming to this thread i would have protected my first trade and ended up with BE. Now I take two trades and double the pips.

Next targest we have 161.8 at 9907 and 200 at 9945 just below BRN.
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Hidden in plain sight.
  • #6,064
  • Mar 17, 2016 10:18am Mar 17, 2016 10:18am
didn't do much trading today was busy trying to get 2 screens going on mt4
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  • #6,065
  • Mar 17, 2016 10:23am Mar 17, 2016 10:23am
Quoting jakucha
DAX +19 Hidden div, MAs turned up, first test of the 50ema, and the 38.2fib was a magnet. Before coming to this thread i would have protected my first trade and ended up with BE. Now I take two trades and double the pips. Next targest we have 161.8 at 9907 and 200 at 9945 just below BRN. {image}
yeah this thread also taught me a lot I don't even go to other threads on ff
  • #6,066
  • Mar 17, 2016 10:27am Mar 17, 2016 10:27am
Quoting victor007
{quote} 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...
1. Every positive day is a good day, stop regretting what you did not get other wise your entire trading life will be miserable.
2. When to stop adding! When there are no more pullbacks to get in on. Is there a formula for this No! Not that I know of. Have a look at the 10 pip chart for today, how many opportunities were there, I count 4 how many on the 5 pip chart I count 5, but, look at my last entry that was really dodgy and I was uncomfortable with it for some time. WHY?
3. The second part of your question is certainly a General Question, so general in fact I would have to write a trading book to answer it.
Cut your Losers short and let your Winners run.
  • #6,067
  • Mar 17, 2016 11:08am Mar 17, 2016 11:08am
My chart didn't show MACD divergence in that lower low. MACD at that point was a bit lower than the one shown in your chart at 13:19.



Quoting dee50
GER30+49+32+21. Compounded x10 = 1,020 pips. WOW!! I hear you say, but, is compounding expensive, if you lose, YES. It can be horrendous so only consider it if you can afford it, if I take 10 x 10 pip SLs (1,000) in a day, I would be pissed but I would not be financially hurt. mind you, if I took 10 x 10 pip SLs in a day I should not be trading with real money, not unless I had also got 10 x 20 pip TPs then it would be acceptable. There is a reason the brokers provide leverage and in most cases it is not for your benefit. There are exceptions, like...
  • #6,068
  • Mar 17, 2016 11:09am Mar 17, 2016 11:09am
Couple more. last for this week. How many of you took the 123 within a 123 and targeted the 10 pip 200 EMA not just because it was the 200 ema but also because of the 200% expansion of the internal 123? Why was this a better option than others you have seen because it kicked off with Divergence right on confluence of a BRN and Major S&R on the 10 pip chart, saying that, I still held off entering until it broke the BRN and the 2 point.
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Cut your Losers short and let your Winners run.
  • #6,069
  • Mar 17, 2016 11:17am Mar 17, 2016 11:17am
Quoting JoshuaHope
{quote} 1020 pips? Well, dinner wise, you can now afford two, maybe three wives and explore the wonderful world of polygamy.
Well, I cannot imagine so much trouble with more wives. It is almost impossible to deal with one, if not to say is science fiction.
  • #6,070
  • Mar 17, 2016 11:19am Mar 17, 2016 11:19am
Quoting cfabian
My chart didn't show MACD divergence in that lower low. MACD at that point was a bit lower than the one shown in your chart at 13:19. {quote}
if we all had the same charts how would I make a living? Any way at the end of the day Price Action, it was a Breakout out of consolidation.
Cut your Losers short and let your Winners run.
  • #6,071
  • Mar 17, 2016 11:21am Mar 17, 2016 11:21am
Nice profictable trades, almost no DD. However, I can see you traded against stochs and MACD.
What did you see? And more over, why do you need these indicators if are not using them "properly"? Again, the goal is to make pips and you did. Congrats on that.



Quoting jakucha
DAX +33 +26 +21. Not quite the exact technical target of the head and shoulder but FOMC now, so got out of the way at the BRN ! {image}
  • #6,072
  • Mar 17, 2016 11:25am Mar 17, 2016 11:25am
Quoting cfabian
{quote} Well, I cannot imagine so much trouble with more wives. It is almost impossible to deal with one, if not to say is science fiction.
Well said More than 1 wife is too much, more than 1 woman is bliss
Cut your Losers short and let your Winners run.
  • #6,073
  • Mar 17, 2016 11:38am Mar 17, 2016 11:38am
Hi Fabian,

In that case i missed he short at the top with divergence, so... the first trade was SR zone retest on the left as you can see, it went just a bit higher. It was just pre FOMC also, was expecting a rather sharp dip down before the fed announcement. As stated there was this head and shoulders pattern I marked (failure to rotate higher), the two last trades are a retest of the neckline. I took profits 15 seconds before the FOMC to be safe, price then jumped, before eventually hitting the target perfectly.

99% of the trades posted here are taken in accordance with dee's style. Of course there is more to it I am looking for, but i am trying to stick to the teachings here. This post was not, I agree.

Quoting cfabian
Nice profictable trades, almost no DD. However, I can see you traded against stochs and MACD. What did you see? And more over, why do you need these indicators if are not using them "properly"? Again, the goal is to make pips and you did. Congrats on that. {quote}
Hidden in plain sight.
  • #6,074
  • Mar 17, 2016 12:15pm Mar 17, 2016 12:15pm
Quoting JoshuaHope
I have been having some problems with renkolivechartv600.6. Anyone else having huge wicks? Compared to 413pimped version here. {image} {image}
Have you tried the Renko Builder by Math trader found here?

http://www.forexfactory.com/showthread.php?t=535170

In fact it was Dee posting there http://www.forexfactory.com/showthre...65#post8738965 that led me to this thread.
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Let it turn and find your entry.
  • #6,075
  • Mar 17, 2016 12:18pm Mar 17, 2016 12:18pm
Quoting cfabian
{quote} Well, I cannot imagine so much trouble with more wives. It is almost impossible to deal with one, if not to say is science fiction.
Good point. Well, my day ends with a +17, maybe enough for a virtual can of pork and beans for a virtual dinner...but better than going hungry lol. Nice trades everyone.
Best, Josh
  • #6,076
  • Mar 17, 2016 12:24pm Mar 17, 2016 12:24pm
Quoting Intrepidpips
{quote} Have you tried the Renko Builder by Math trader found here? http://www.forexfactory.com/showthread.php?t=535170 In fact it was Dee posting there http://www.forexfactory.com/showthre...65#post8738965 that led me to this thread. {image} {image} {image}
Thanks, yes i have it somewhere. I will now see if the pimped version is showing "correct" data..if not, then i will have to test Mathtraders builder. There is also MTH Kiads builder that can be used to make regular renko. We will see. Best, Josh
  • #6,077
  • Mar 17, 2016 12:34pm Mar 17, 2016 12:34pm
Do you put your SL at the extreme of previous swing? (in this case arount 9850) Or how you deal with it?



Quoting PhilippineFX
Dax +41.....caught the last gasp???{image}
  • #6,078
  • Mar 17, 2016 12:41pm Mar 17, 2016 12:41pm
Quoting dee50
{quote} 1. Every positive day is a good day, stop regretting what you did not get other wise your entire trading life will be miserable. 2. When to stop adding! When there are no more pullbacks to get in on. Is there a formula for this No! Not that I know of. Have a look at the 10 pip chart for today, how many opportunities were there, I count 4 how many on the 5 pip chart I count 5, but, look at my last entry that was really dodgy and I was uncomfortable with it for some time. WHY? 3. The second part of your question is certainly a General Question,...
Thank you dee for your reply.
I am not complaining of a positive day, but if i settle only for 1-2 TPs on such a great day, tomorrow maybe when it will not be such a day, maybe will have a smaller volatility and so on, probable I will be BE at the end or possible with 1-2 SLs. The general picture, for a full month will be a big BE or small profits...
Because of this I asked how to do to grow profits on good days, like today for example.

I would definitely buy that book
  • #6,079
  • Mar 17, 2016 2:34pm Mar 17, 2016 2:34pm
Again, amazing results.
I dont get why you started shorting from that point. It was the highest point in days, and only one small divergence was formed (at the 2b). Youe emas showed uptrend, and I would have continue looking for longs, probably until your 3rd trade where no more HH formed, and had a couple of LL.

Something to keep working on.


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...
  • #6,080
  • Mar 17, 2016 2:53pm Mar 17, 2016 2:53pm
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}
Nice
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