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  • #6,101
  • Mar 18, 2016 7:34am Mar 18, 2016 7:34am
Quoting jakucha
DAX + 15 +20 +42 +7 +9 +54 +59 +58 Did not have the available screen time to scalp the range like Phil did, got my bias and just waited it out, just added the last one at the bottom of consolidation. They took their time but this SR level was a tough one to crack. It can go higher from here or offer us a retrace, in either case i preferred to take the profits. i cant explain all the entries as this is a 3pip renko chart and i was considering 3 5 and 10 at the same time. but it s the usual tech stuff and considering yesterday and this morning support...
  • #6,102
  • Mar 18, 2016 8:02am Mar 18, 2016 8:02am
where does it show the amount of pips made in mt4 I only see profit ...under trade
  • #6,103
  • Mar 18, 2016 8:04am Mar 18, 2016 8:04am
Quoting jakucha
DAX + 15 +20 +42 +7 +9 +54 +59 +58 Did not have the available screen time to scalp the range like Phil did, got my bias and just waited it out, just added the last one at the bottom of consolidation. They took their time but this SR level was a tough one to crack. It can go higher from here or offer us a retrace, in either case i preferred to take the profits. i cant explain all the entries as this is a 3pip renko chart and i was considering 3 5 and 10 at the same time. but it s the usual tech stuff and considering yesterday and this morning support...


some good pips there jakucha keep it up.....I mean the pips Thumbs Up
  • #6,104
  • Mar 18, 2016 8:17am Mar 18, 2016 8:17am
Thanks, had a couple of small losses and a bunch of break evens too, it s not as perfect as it looks but getting there surely. avering between 100 and 200 pips a day recently, trying to keep the pace.

Quoting bettervolume
{quote} some good pips there jakucha keep it up.....I mean the pips Thumbs Up
Hidden in plain sight.
  • #6,105
  • Mar 18, 2016 8:43am Mar 18, 2016 8:43am
Quoting marketir
I apologize for my questions, I only came to this forum, I have some knowledge of how to trade, but I'm still learning, and English is not my language, I'm sitting with a translator who translates many very funny. I trade on EU, GU, using this strategy and divergence, which I had never used, especially in the Renko charts, and I find it difficult to pick up box size for the currency. I would like to clarify about the divergence on Renko charts, see my screenshot and tell what divergence is defined correctly? Thanks in advance to all who support...
The divergences are correct, although your chart looks funny. Something seems to be out of place with your renko generator.

Edit: Couple more Hidden Divergences.
Attached Image (click to enlarge)
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Invincibility lies in the defence; the possibility of victory in the attack
  • #6,106
  • Mar 18, 2016 8:45am Mar 18, 2016 8:45am
Quoting jakucha
DAX + 15 +20 +42 +7 +9 +54 +59 +58 Did not have the available screen time to scalp the range like Phil did, got my bias and just waited it out, just added the last one at the bottom of consolidation. They took their time but this SR level was a tough one to crack. It can go higher from here or offer us a retrace, in either case i preferred to take the profits. i cant explain all the entries as this is a 3pip renko chart and i was considering 3 5 and 10 at the same time. but it s the usual tech stuff and considering yesterday and this morning support...
Flawless. You did not have much problem with the drawdowns as I see
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,107
  • Mar 18, 2016 9:02am Mar 18, 2016 9:02am
Nothing that was not manageable. It's a renko3 so not so big DD. Also i wasn't in front of the screen the whole time and was slightly (quite) bullish for the day so I didn't sweat it out, emergency SL are always in place in case something goes south, never pleasant but needed.

Quoting BBalazs
{quote} Flawless. You did not have much problem with the drawdowns as I see
Hidden in plain sight.
  • #6,108
  • Mar 18, 2016 9:41am Mar 18, 2016 9:41am
DAX +8 +4 +12 +11 +8 +11 +15

Scalped into the consolidation as expected, done for the week. MAs are pointing up, we broke out just a bit before of the NY open consolidation, so new break on the upside could be expected, at least hoped for (MACD on renko 10 broke out of wedge too, second picture). it was a boring and difficult day technically as we dont know before it is formed that we will have some kind of consolidation pattern. They also played dirty twice by spiking down just below the two triangles before going up today and taking some small stops.


it may go higher today and into the start of next week but it's friday ! it's time to go study some charts have fun.

have a good weekend all.
Attached Image(s) (click to enlarge)
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Hidden in plain sight.
  • #6,109
  • Mar 18, 2016 9:46am Mar 18, 2016 9:46am
Quoting jakucha
DAX +8 +4 +12 +11 +8 +11 +15 Scalped into the consolidation as expected, done for the week. MAs are pointing up, we broke out just a bit before of the NY open consolidation, so new break on the upside could be expected, at least hoped for (MACD on renko 10 broke out of wedge too, second picture). it was a boring and difficult day technically as we dont know before it is formed that we will have some kind of consolidation pattern. They also played dirty twice by spiking down just below the two triangles before going up today and taking some small...
Good trading! I too am going to study charts and drink beer have fun. After all, its Friday night.
  • #6,110
  • Mar 18, 2016 10:56am Mar 18, 2016 10:56am
wow guys!!
You are all better than pros that i know (few)!! Considering the triple witching day!!
Amazing results!!
nescentia necat
  • #6,111
  • Mar 18, 2016 11:24am Mar 18, 2016 11:24am
My day was longer than normal so no trading for me. But, you lot, "The PA Kings" were clearly in their element really nice trading every body, considering it was a scrappy market some superb results

Some of you might find this post by one of my favourites, "Lance Beggs" to be useful. I have been on his mailing list for years, every good trader needs another good trader to remind them of the important bits and his articles some times give me a kick up the ass and sometimes give me a slap in the face, usually just when I need it. Although he trades the very low time frames, 1min - 15secs, every thing he teaches is relevant on any time frame so don't let the lower TF charts deter you.

Here is the link.

Trade Management Requires a Constant Reassessment of Probability
Cut your Losers short and let your Winners run.
  • #6,112
  • Mar 18, 2016 11:49am Mar 18, 2016 11:49am
Another one from "Lance" and this is definitely relevant for the "Draw down Kings" amongst you.

here is the link.

Let It Turn. Then Find Your Entry.
Cut your Losers short and let your Winners run.
  • #6,113
  • Edited 5:27pm Mar 18, 2016 12:07pm | Edited 5:27pm
Quoting dee50
Another one from "Lance" and this is definitely relevant for the "Draw down Kings" amongst you. here is the link. Let It Turn. Then Find Your Entry.
Hi Dee50,
Very interesting articles...very easy to follow and understand. I especially like how Lance walks you through "baby steps" on his thought process as he looks at a chart, as if he was a sniper looking for the best possible entry/target!
Thank you for sharing.
"Summer grasses, are all that remains of soldiers' dreams" - Matsuo Basho
  • #6,114
  • Mar 18, 2016 12:18pm Mar 18, 2016 12:18pm
Quoting dee50
Another one from "Lance" and this is definitely relevant for the "Draw down Kings" amongst you. here is the link. Let It Turn. Then Find Your Entry.
I like this one a lot. I can't even count how many times I got myself in those "death by a thousand cuts' situations, trying to pick a bottom / top because I though the market was about to turn.

Edit: Subscribed to the newsletter, at least I have something trading-related to read during the weekend. That downloadable PDF is 200+ pages long :O
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,115
  • Mar 18, 2016 12:54pm Mar 18, 2016 12:54pm
Quoting bettervolume
where does it show the amount of pips made in mt4 I only see profit ...under trade

Add this to your chart and see the total count.
Attached File(s)
File Type: ex4 2nd Job Pipsometer.ex4   15 KB | 298 downloads
File Type: mq4 2nd Job Pipsometer.mq4   5 KB | 286 downloads
Let it turn and find your entry.
  • #6,116
  • Mar 18, 2016 2:06pm Mar 18, 2016 2:06pm
I have not been in the best of moods lately (not gonna pull the trigger like that) and I have been asking myself when I will break out of this average 10 pips range? so i searched and searched and I think one of the missing links is actually employing the fibs correctly, imagine what results i would be posting at the end of each day just following the fibs
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 55.png Size: 77 KB
Let it turn and find your entry.
  • #6,117
  • Mar 18, 2016 3:20pm Mar 18, 2016 3:20pm
Quoting dee50
Another one from "Lance" and this is definitely relevant for the "Draw down Kings" amongst you. here is the link. Let It Turn. Then Find Your Entry.
Good stuff dee
  • #6,118
  • Mar 19, 2016 1:00am Mar 19, 2016 1:00am
Quoting dee50
Another one from "Lance" and this is definitely relevant for the "Draw down Kings" amongst you. here is the link. Let It Turn. Then Find Your Entry.

good article ...it definitely applies to me ...this is exactly my dd problem
  • #6,119
  • Mar 19, 2016 1:01am Mar 19, 2016 1:01am
Quoting Intrepidpips
{quote} Add this to your chart and see the total count. {file} {file}
thanx intrepidpips ,much appreciated
  • #6,120
  • Mar 19, 2016 3:02am Mar 19, 2016 3:02am
Couple more from Lance, are you starting to get it??

Dealing with Frustrating Price Sequences

Who Would Buy Here?
Cut your Losers short and let your Winners run.
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