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  • #6,421
  • Apr 1, 2016 1:55am Apr 1, 2016 1:55am
Quoting Intrepidpips
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}
Keep it up! It's nice to see fellow traders achieving success Make it your goal to stick to the plan, trade it and you will be wealthy in no time
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,422
  • Apr 1, 2016 2:52am Apr 1, 2016 2:52am
37 pips
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  • #6,423
  • Apr 1, 2016 3:33am Apr 1, 2016 3:33am
Hi, peers and master Dee:

I am struggling to read this kind of mix situation. like this chart, when the 5 and 10 pips renko give mixed signals, would you prefer to take buy or sell setup of renko 5? thanks

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seeing through
  • #6,424
  • Apr 1, 2016 3:34am Apr 1, 2016 3:34am
am long dax lets see
  • #6,425
  • Apr 1, 2016 3:46am Apr 1, 2016 3:46am
Quoting pipphunter
Hi, peers and master Dee: I am struggling to read this kind of mix situation. like this chart, when the 5 and 10 pips renko give mixed signals, would you prefer to take buy or sell setup of renko 5? thanks {image}
For what it`s worth the 5 REN is clocking higher highs and higher lows at the moment
  • #6,426
  • Apr 1, 2016 4:15am Apr 1, 2016 4:15am
Quoting pipphunter
Hi, peers and master Dee: I am struggling to read this kind of mix situation. like this chart, when the 5 and 10 pips renko give mixed signals, would you prefer to take buy or sell setup of renko 5? thanks {image}
I tend to follow the dominant trend (short in this case), until a high on the 10 pips renko is taken out. After that, I consider going long.
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,427
  • Apr 1, 2016 7:54am Apr 1, 2016 7:54am
GOLD (+38)

Finally, some action! I hate NFP Fridays, price tends to consolidate before the release. I got stopped out at BE on my first try. I also had +10 on DAX after LO, I was trailing my position and got stopped out.

Break of support + good NFP numbers + Stoch OB.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #6,428
  • Apr 1, 2016 8:13am Apr 1, 2016 8:13am
Quoting BBalazs
GOLD (+38) Finally, some action! I hate NFP Fridays, price tends to consolidate before the release. I got stopped out at BE on my first try. I also had +10 on DAX after LO, I was trailing my position and got stopped out. Break of support + good NFP numbers + Stoch OB. {image}
good pips on such a crap day ...I see you are quite disciplined ,,,something I need to work on .....keep it up
  • #6,429
  • Apr 1, 2016 8:41am Apr 1, 2016 8:41am
Quoting bettervolume
{quote} good pips on such a crap day ...I see you are quite disciplined ,,,something I need to work on .....keep it up
Thanks. One step at a time, we will get there
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,430
  • Apr 1, 2016 11:18am Apr 1, 2016 11:18am
My trades from today...

In DAX, at first trade I was trying to go long following the trend. Retrace was very small, didn't work out, and got -15. As market was kind of fast due NFP, I took the risk. Sencond trade was a small short to recoup few pips following a further retrace. Then tried to go long again for same reason as first trade, but price didn't make it to go higher. Then I thought that price will continue to retrace, and at that point was very slow, so decided to close it. Price held at previous small support and went long.

In Dow more less the same. At first tried to short as it was back at the daily oppening price, didn't work out, and waited for price to go over that barrier, and looked for long setups.

Overall +39 pips
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  • #6,431
  • Apr 1, 2016 12:06pm Apr 1, 2016 12:06pm
thanks guys for sharing your idea. it seems short and long were both ok, as there were signal indicated that. it depends on what timeframe and target we trade on.
cheers
seeing through
  • #6,432
  • Apr 1, 2016 12:20pm Apr 1, 2016 12:20pm
I would think 10 prevails over 5.


Quoting pipphunter
Hi, peers and master Dee: I am struggling to read this kind of mix situation. like this chart, when the 5 and 10 pips renko give mixed signals, would you prefer to take buy or sell setup of renko 5? thanks {image}
  • #6,433
  • Apr 1, 2016 2:04pm Apr 1, 2016 2:04pm
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  • #6,434
  • Apr 1, 2016 2:48pm Apr 1, 2016 2:48pm
Quoting pipphunter
Hi, peers and master Dee: I am struggling to read this kind of mix situation. like this chart, when the 5 and 10 pips renko give mixed signals, would you prefer to take buy or sell setup of renko 5? thanks {image}
I'm not so good trader (so I'm not sure my answer is right), but I would not go long in this situation due to the strong trend direction and a possible bear-flag (even if macd had pass the zero line). I can see now that I actually made a short trade when the trendline below the flag broke. I hope you all had a great trading day and wish you all a nice weekend. Now we have to train in simulator for two days. Cu...
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  • #6,435
  • Apr 3, 2016 2:17pm Apr 3, 2016 2:17pm
Quoting BBalazs
GOLD (+38) Finally, some action! I hate NFP Fridays, price tends to consolidate before the release. I got stopped out at BE on my first try. I also had +10 on DAX after LO, I was trailing my position and got stopped out. Break of support + good NFP numbers + Stoch OB. {image}
What are the red and green dots called? thankyou
  • #6,436
  • Apr 4, 2016 3:05am Apr 4, 2016 3:05am
Good morning. GER30 +2 +40. Saw a divergence on both charts, waited for a 123 to confirm. The first 123 i got snapped out +2, then i extended my fib after another 123 formed. The TP was 168% extension. I also noted a 123 in stochastics (5), and that on the 10 pip chart sto was exiting oversold territory, indication of a potential wave up. Worked out well.
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  • #6,437
  • Apr 4, 2016 3:13am Apr 4, 2016 3:13am
Nice trade JoshuaHope, really appreciate the explanation of the trade and to see your thinking

Cheers...Des
  • #6,438
  • Apr 4, 2016 3:31am Apr 4, 2016 3:31am
Quoting des_b
Nice trade JoshuaHope, really appreciate the explanation of the trade and to see your thinking Cheers...Des
Thanks Des_b. I am just a student, I look at a chart after and i notice so many things i did not see when they were happening. Notice the moves that happened after this trade - completely missed it.
Best, Josh
  • #6,439
  • Apr 4, 2016 6:57am Apr 4, 2016 6:57am
Gap almost filled
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  • #6,440
  • Apr 4, 2016 7:23am Apr 4, 2016 7:23am
It is said that it is easy to be the general after the battle, but this is basically where i made a miss judgement today. I share this because hopefully we can all learn from it(assuming my analysis is sound) For me it is important to understand what i was doing wrong. If I don't understand, I will fall in the same trap head first next time.
I took a good trade earlier, but i did not see the BIG picture, and have probably missed some "clues".
Best, Josh
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