Disliked{quote} I use the same maybe the slow internet here in south africaIgnored
{quote} you were right had to wait for the wedge to break ...had to sit an hour to get out of my long trade
Lets wait and see what happens... and then take the trade once the market has shown the way...or at least thats the idea
.Edit, as i write, looks like break - down.
{quote} But also, there is no guarantee that it will break out bullish. It is a wedge, but many of the clues, at least the ones i see, and also to a noob like me - are contradicting... Lets wait and see what happens... and then take the trade once the market has shown the way...or at least thats the idea
. This thing now looks like a div at 50% fib ret(10) and a 2B. I am going to go walk my dog...Dee, where did I go so terribly wrong?
- #6,412
- Mar 31, 2016 8:21am Mar 31, 2016 8:21am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
GER30 5x+2,+10+13+5+5+16+5+8+10+21+18+10. It is not pretty, but now I can eat. Consolidation, trade like a Range pick your Top and Bottom and either trade short or long for small pips, or if you are really bored, both, if you can not decide Flip a Coin or alternatively Stay Out. I thought to myself "only one more trade, earlier was crap but maybe now will be better" what happened? it was like I had main lined no sooner had my first one closed than I was looking for the next one.
Oh! the 5 x +2s were earlier on, after which I resolved not to trade for the rest of the day!
The yellow box on the 10 pip chart is where it all happened looks a lot different on there than it does on the 3 pip chart, yes, on crap days change down a time frame but remember a 12 pip move on the 3 pip chart looks just like a 50 pip move on the 5 pip chart, so don,t get carried away.
Oh! the 5 x +2s were earlier on, after which I resolved not to trade for the rest of the day!
The yellow box on the 10 pip chart is where it all happened looks a lot different on there than it does on the 3 pip chart, yes, on crap days change down a time frame but remember a 12 pip move on the 3 pip chart looks just like a 50 pip move on the 5 pip chart, so don,t get carried away.
Cut your Losers short and let your Winners run.
- #6,413
- Mar 31, 2016 8:31am Mar 31, 2016 8:31am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} Well, looks like my analysis was dead wrong
Cut your Losers short and let your Winners run.
- #6,415
- Mar 31, 2016 10:50am Mar 31, 2016 10:50am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Let it turn and find your entry.
It was a good day for the EURO, I got on the party late after I decided to stick to EU and do the 5/2 Renko it seems as long as MACD is green in Renko 5 just keep adding to your longs on HD's and pull backs in Renko 2 and reverse for when MACD is red in Renko 5. In all I see how potent this system of trading is when you finally get it right 24 .8 pips netting 45% on the day and 34 would have netted 60% on the day (less transaction fees). I left so much on the table but my muscles are getting bigger. {image} {image}
, that sure is a good day!
- #6,417
- Edited 1:19pm Mar 31, 2016 12:57pm | Edited 1:19pm
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
{quote} Very Nice
Let it turn and find your entry.
- #6,418
- Mar 31, 2016 1:20pm Mar 31, 2016 1:20pm
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Let it turn and find your entry.
I am encouraged and revitalized, the month is ending well and by the time I can repeat and improve (take all my available trades) I wont need to fund my account again. Looking at the whole month, if I had settled in on one pair and traded objectively and taken ALL my valid signals, taken the losses and the profits, taking the risks NOW and not deferring it to a later day, the equity curve would have been a parabolic curve. {image}
I am very happy for you successes. I hope next month will be even better.Best, Josh
- #6,420
- Mar 31, 2016 5:23pm Mar 31, 2016 5:23pm
- Joined Sep 2014 | Status: No permanent address | 673 Posts
GER30 5x+2,+10+13+5+5+16+5+8+10+21+18+10. It is not pretty, but now I can eat. Consolidation, trade like a Range pick your Top and Bottom and either trade short or long for small pips, or if you are really bored, both, if you can not decide Flip a Coin or alternatively Stay Out. I thought to myself "only one more trade, earlier was crap but maybe now will be better" what happened? it was like I had main lined no sooner had my first one closed than I was looking for the next one. Oh! the 5 x +2s were earlier on, after which I resolved not to trade...
.....trading[
] what the market has to offer on a Slow{?} day for a paltry 130 pips give or take!!!!......