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  • #6,361
  • Mar 30, 2016 1:13am Mar 30, 2016 1:13am
2+2+2+29 Struggle with my entrys today. Do you think we have seen the top of today?
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  • #6,362
  • Mar 30, 2016 1:44am Mar 30, 2016 1:44am
Quoting MrFisherman
2+2+2+29 Struggle with my entrys today. Do you think we have seen the top of today? {image}
We might, we might not. I tend to restrain myself from asking questions like this. It puts you in bias mode, and that is not good if want to trade flexible. As Dee said, trade what you see. It is easier to do that if you don't have any opinion of what price will do. Just my thoughts.

Oh, and welcome aboard!
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,363
  • Mar 30, 2016 1:50am Mar 30, 2016 1:50am
Quoting skyler
Hi de50 great topic. I also trading dax, but on M1 with S/R breakought after london OPEN. 9-10 there is many times breakout and price give some pips. I would like to try your metod, could you share your indicators and template and little summary entry/exit rules ? Thanks
4 pages back. http://www.forexfactory.com/showthre...08#post8832308
Cut your Losers short and let your Winners run.
  • #6,364
  • Mar 30, 2016 1:50am Mar 30, 2016 1:50am
Quoting BBalazs
{quote} We might, we might not. I tend to restrain myself from asking questions like this. It puts you in bias mode, and that is not good if want to trade flexible. As Dee said, trade what you see. It is easier to do that if you don't have any opinion of what price will do. Just my thoughts. Oh, and welcome aboard!
Good advice.
Cut your Losers short and let your Winners run.
  • #6,365
  • Mar 30, 2016 2:04am Mar 30, 2016 2:04am
Quoting MrFisherman
2+2+2+29 Struggle with my entrys today. Do you think we have seen the top of today? {image}
Don't worry. If trading was easy we would all be doing it. Few clues on the chart about the strength of the trend

Separation and Angle on the 50 & 200 MAs
Stochs not going below it's 50 line. Stochs not reaching OS
MACD staying above it's 0.0 line
Breakout of a rising wedge at the 10000 BRN
The long tails on the green candles show the sellers trying to push price back down at the BRN 10000, but then they capitulate.

because of these signs you could safely have loosened your BE and given it a bit more space, remember a 5 pip bar has an actual range of 15 pips so 2 bars higher and it could still come back and pinch your BE sl.
Cut your Losers short and let your Winners run.
  • #6,366
  • Mar 30, 2016 2:10am Mar 30, 2016 2:10am
Quoting JoshuaHope
{quote} I think my ballz have started to shrink too, i think i should look into buying a swedish pump. Not sure that will enlarge anything, but worth a shot. {image}
I have no idea what a Swedish Pump is!!! The mind boggles, is it Blonde? is it easy to hold onto whilst moving rapidly back and forth?
Cut your Losers short and let your Winners run.
  • #6,367
  • Mar 30, 2016 2:21am Mar 30, 2016 2:21am
Quoting dee50
{quote} I have no idea what a Swedish Pump is!!! The mind boggles, is it Blonde? is it easy to hold onto whilst moving rapidly back and forth?
I hope so, its in the mail so i will let you know when it gets here.
Inserted Video
  • #6,368
  • Mar 30, 2016 3:08am Mar 30, 2016 3:08am
Quoting dee50
{quote} Don't worry. If trading was easy we would all be doing it. Few clues on the chart about the strength of the trend Separation and Angle on the 50 & 200 MAs Stochs not going below it's 50 line. Stochs not reaching OS MACD staying above it's 0.0 line Breakout of a rising wedge at the 10000 BRN The long tails on the green candles show the sellers trying to push price back down at the BRN 10000, but then they capitulate. because of these signs you could safely have loosened your BE and given it a bit more space, remember a 5 pip bar has an actual...
Thank you dee, good stuff. I will try to remember. I will ask my wife if we need the pump
Okay so this is this the fun-traders thread?
  • #6,369
  • Mar 30, 2016 3:30am Mar 30, 2016 3:30am
Nope, if you want some fun, have a look at the carpe diem thread. Still not agreeing on the color of the MA to use.

Quoting MrFisherman
{quote} Thank you dee, good stuff. I will try to remember. I will ask my wife if we need the pump Okay so this is this the fun-traders thread?
Hidden in plain sight.
  • #6,370
  • Mar 30, 2016 3:35am Mar 30, 2016 3:35am
I don't like messy retracements like today's on DAX.

Taken out at BE.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #6,371
  • Mar 30, 2016 3:42am Mar 30, 2016 3:42am
Quoting BBalazs
I don't like messy retracements like today's on DAX. Taken out at BE. {image}
Had two BE+2 at the same level, wicks took me out even tough i was generous to the level before going to BE. Third try was the charm +25. I targeted the next brn that was also a 50% HTF retracement. Worked out ok.
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  • #6,372
  • Mar 30, 2016 3:56am Mar 30, 2016 3:56am
Quoting dee50
{quote} 4 pages back. http://www.forexfactory.com/showthre...08#post8832308
A brainwave just hit me, how about we have a special dee50 trading boot-camp, 1st 10 newbies to register get half price
Let it turn and find your entry.
  • #6,373
  • Mar 30, 2016 6:12am Mar 30, 2016 6:12am
Considering nobody is posting, and it is slow out there, i will post this trade(BE+2)...nothing exciting folks, just me looking for a short trade... at the time i thought the logic was sound, and i was hoping that the hdiv on 5 fails.
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  • #6,374
  • Mar 30, 2016 7:37am Mar 30, 2016 7:37am
You are totally right Dee. Sorry for that. Here are my annotations and the images.

First we were below daily openning price, having a down bias. I then considered the yellow rectangles as a potential resistance areas. Saw divergence as marked in the chart as well. Those points were basically what suggested me entering short.


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Quoting dee50
{quote} You are missing an explanation as to why you went short, might help us if we knew what you saw.!!
  • #6,375
  • Mar 30, 2016 7:58am Mar 30, 2016 7:58am
Quoting dee50
{quote} There have been posts on all of the above, how ever, maybe this will help. These are the indicators I have on all my charts, it simplifies things like templates etc. This is my template, it says 10 pip Renko but I now have all my charts the same {file} {image}

Hey i dont see here indicators, only tpl
  • #6,376
  • Mar 30, 2016 8:04am Mar 30, 2016 8:04am
Quoting skyler
{quote} Hey i dont see here indicators, only tpl
Note the attachment button in the upper right corner of the screen. Everything is there.
Best, Josh
  • #6,377
  • Mar 30, 2016 8:33am Mar 30, 2016 8:33am
Quoting skyler
{quote} Hey i dont see here indicators, only tpl
Don't take the piss!!! The indicators are clearly listed and you appear to have been around FF long enough to know where to look for them.
Cut your Losers short and let your Winners run.
  • #6,378
  • Mar 30, 2016 10:03am Mar 30, 2016 10:03am
Quoting cfabian
You are totally right Dee. Sorry for that. Here are my annotations and the images. First we were below daily openning price, having a down bias. I then considered the yellow rectangles as a potential resistance areas. Saw divergence as marked in the chart as well. Those points were basically what suggested me entering short. {image} {image} {quote}
That's what I thought you had seen. I redrew the S&D rectangle, now look at it, along with all the other points already mentioned by the other two. You were basically not wrong in your thinking, but the other clues should have stayed your hand and waited until price had broken down below the support level formed by the consolidation zone to the left.

if you look at points 2-3 the reversal was clean and decisive, at 5-6 it was any thing but clean.

I keep having to say this, not just to you but every one. Divergence is a sign that "some thing" is going to happen, it is not a signal saying "this WILL happen"
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Cut your Losers short and let your Winners run.
  • #6,379
  • Mar 30, 2016 10:10am Mar 30, 2016 10:10am
Thanks Joshua,
In that case I have more indicators as Im comparing them to see which I feel more comfortable with.


Quoting JoshuaHope
{quote} Hey Cfabian. I am not the most qualified to comment as i am student as well, but i would like to point out a thing or two if i may. First, i noticed that your BRN is set up "incorrectly" - on the ger30 chart, you are showing a brn every 25 pips. I dont think those levels have significance and will throw you off. Second, your chart is really difficult to read, i don't know how you spot divergences - 2 macd's with same settings and and 2 stochs with similar settings. I think you should simplify it. JMHO. The trade on ger30 was a div, but not...
  • #6,380
  • Mar 30, 2016 10:34am Mar 30, 2016 10:34am
What would you do with 2 oppositde divergence in your charts? Wouldn't you look for same direction instead?

Quoting JoshuaHope
Considering nobody is posting, and it is slow out there, i will post this trade(BE+2)...nothing exciting folks, just me looking for a short trade... at the time i thought the logic was sound, and i was hoping that the hdiv on 5 fails. {image}
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