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More simple is impossible

  • #6,461
  • Apr 5, 2016 5:13am Apr 5, 2016 5:13am
Quoting dee50
{quote} 10 years in May. I started trading a 25k live account 6 months in, lost 1k in my first week live and thought this is shit I am supposed to be winning, I had "bought" a winning system for $2,500.00 prior to that I had bought and tried a variety of $99.00 systems, bought all manner of trading books, visited all the forums, searched the web for that vital piece of information that would make me as successful as the top 5%. I stopped trading Live and re assessed, I realized that I actually knew "Nothing" despite having a knowledge bank...
Totally Although I refused to buy any system. I always wondered why on Earth would anybody sell a winning system? I'm sure I would keep it a secret as much as possible. Thanks for the answer, I still have quite a few years until my 10th traidng anniversary
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,462
  • Apr 5, 2016 8:20am Apr 5, 2016 8:20am
Quoting PhilippineFX
Dax30 +22 +20 +18{image}
hello phillipine x ..2 questions if I may. why did you start taking shorts .....and why did you stop with the shorts ....what did you see /??? 10 renco crossing???
  • #6,463
  • Edited 9:07am Apr 5, 2016 8:50am | Edited 9:07am
[quote=bettervolume;8854475]{quote} hello phillipine x ..2 questions if I may. why did you start taking shorts .....and why did you stop with the shorts ....what did you see /??? 10 renco crossing???[/quote
Started looking at shorts for an obvious reason....we were in a solid down trend.....
I was happy with the total pip haul[100+] so braked for dinner.....
Have had a HTF fib pulled for ever from 10,140 down to 9420....the 38.2 retrace held at 9580 with a firm bounce....for the past 3 hours I have been nursing a CT trade from 9614. Considered putting it out of its misery a dozen times but now i am up a whopping 7 pips so i may tee up another movie and see how it all plays out.

Dax +16.........all that after an epic 4 hour marathon......time for bed.....no doubt it will run north another 150 or so...lol
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  • #6,464
  • Apr 5, 2016 9:38am Apr 5, 2016 9:38am
Been busy with other things and finally settled down to trade, got a BE trade then had to do lunch and missed a whale of a drop, the 3rd chance was after the US news release and believe me the MACD crossed, should have been BE if I had entered in the nick of time, but my Demo experiment distracted me: I should have been riding the wave up now
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Let it turn and find your entry.
  • #6,465
  • Apr 5, 2016 11:44am Apr 5, 2016 11:44am
GER30+36+20+20+12+9+20+20. Another crappy day, another 3 pip Renko day just to get some points on the board. Guess what the trend was today? I have posted the 10 pip Renko just to give you a clue.
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Cut your Losers short and let your Winners run.
  • #6,466
  • Apr 5, 2016 12:18pm Apr 5, 2016 12:18pm
Hell Dee50, could I ask if the what looks like a zig zag line on your chart is accesable via the paper clip at the top of the discussion panel, thanks, Pinkas
  • #6,467
  • Apr 5, 2016 12:29pm Apr 5, 2016 12:29pm
Quoting Pinkas
Hell Dee50, could I ask if the what looks like a zig zag line on your chart is accesable via the paper clip at the top of the discussion panel, thanks, Pinkas
http://www.forexfactory.com/showthre...15#post8808615

5 EMA, close, shift +2
Cut your Losers short and let your Winners run.
  • #6,468
  • Apr 5, 2016 12:44pm Apr 5, 2016 12:44pm
Thank you, it was very kind, have been following the thread with interest, had +3 and -1 on the Dow, definitly a benifit using Renko, see my first post page 323, Pinkas
  • #6,469
  • Edited 1:23pm Apr 5, 2016 1:06pm | Edited 1:23pm
Hi All, new guy here. Sharing my GBPUSD trades today (+2,+35,+37,+2 = 76). I spend the majority of my time in Mr. Pips thread, and credit him for teaching me how to read price action. I discovered this thread a few weeks ago and have been studying Dee's charts religiously! I'm convinced Dee is a machine .

I'm implementing Mr Pips teachings, with Dee's teachings, with the simplicity of Renko, to make my own style.

Thanks Dee for sharing the knowledge.

I also have a question on order execution on MT4. The +35 and +37 should have only been 1 trade, but I kept trying to place a market order and wasn't getting filled. I ended up placing two market orders because I was mashing the button trying to get filled. Is there a way to fix this issue?
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  • #6,470
  • Apr 5, 2016 2:53pm Apr 5, 2016 2:53pm
Quoting Pinkas
Thank you, it was very kind, have been following the thread with interest, had +3 and -1 on the Dow, definitly a benifit using Renko, see my first post page 323, Pinkas
last Dow +ve thats 4 trades +6, +21, -19, +9 +15
  • #6,471
  • Apr 5, 2016 4:14pm Apr 5, 2016 4:14pm
Great performance as always Dee,
It will be interesting to know when you consider the appropriate time to switch down to 3 pip.

I'll post today's trades latter. I had around +47 overall. Yesterday was a massacre, and kept doing stupid things trying to recoup losses, and just added to my loss.



Quoting dee50
GER30+36+20+20+12+9+20+20. Another crappy day, another 3 pip Renko day just to get some points on the board. Guess what the trend was today? I have posted the 10 pip Renko just to give you a clue. {image} {image}
  • #6,472
  • Apr 5, 2016 5:02pm Apr 5, 2016 5:02pm
These are my trades from today. Nothing exceptional but the fact that it was a + day. All that matters.

Many of them were closed early because price was slow at that time.
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  • #6,473
  • Edited 5:39pm Apr 5, 2016 5:16pm | Edited 5:39pm
I can hear you. Bouvht many holy grails, other sort of systems, courses, and have lost quite some money since my first incursion into this 8 yrs ago. In reality I have been studying around 5, and my goal is to turn profitable consistently this year.

I can see I still push the button where there is no a startinc cycle, or a continuation, or sometimes in contrary direction. I need to be more disciplined and probably get robot minded.

By the way Dee, how long it took you to be consistantly profitable?


Quoting dee50
{quote} 10 years in May. I started trading a 25k live account 6 months in, lost 1k in my first week live and thought this is shit I am supposed to be winning, I had "bought" a winning system for $2,500.00 prior to that I had bought and tried a variety of $99.00 systems, bought all manner of trading books, visited all the forums, searched the web for that vital piece of information that would make me as successful as the top 5%. I stopped trading Live and re assessed, I realized that I actually knew "Nothing" despite having a knowledge bank...
  • #6,474
  • Apr 5, 2016 9:14pm Apr 5, 2016 9:14pm
Quoting dee50
{quote} 10 years in May. I started trading a 25k live account 6 months in, lost 1k in my first week live and thought this is shit I am supposed to be winning, I had "bought" a winning system for $2,500.00 prior to that I had bought and tried a variety of $99.00 systems, bought all manner of trading books, visited all the forums, searched the web for that vital piece of information that would make me as successful as the top 5%. I stopped trading Live and re assessed, I realized that I actually knew "Nothing" despite having a knowledge bank...
I got my trading system for free online....there`s this guy hanging in Spain​ who hands it out like candy.......
  • #6,475
  • Apr 6, 2016 2:10am Apr 6, 2016 2:10am
Quoting dee50
{quote} http://www.forexfactory.com/showthre...15#post8808615 5 EMA, close, shift +2
hello dee50 did you change to a 5 ema shift2 ? I still have 3 ema shift2
  • #6,476
  • Apr 6, 2016 2:16am Apr 6, 2016 2:16am
Quoting PhilippineFX
Quoting bettervolume
{quote} hello phillipine x ..2 questions if I may. why did you start taking shorts .....and why did you stop with the shorts ....what did you see /??? 10 renco crossing???[/quote Started looking at shorts for an obvious reason....we were in a solid down trend..... I was happy with the total pip haul[100+] so braked for dinner..... Have had a HTF fib pulled for ever from 10,140 down to 9420....the 38.2 retrace held at 9580 with a firm bounce....for the past 3 hours I have been nursing a CT trade from 9614. Considered
...

hello phillipine x I think I did not ask the question properly ...why did you enter at that time it was downtrend way before you entered did you wait for stoch to go below zero and then entered ? did you wait for macd to make LL or did you wait for macd to go below zero ,?
  • #6,477
  • Apr 6, 2016 2:18am Apr 6, 2016 2:18am
Quoting lKeithStone
Hi All, new guy here. Sharing my GBPUSD trades today (+2,+35,+37,+2 = 76). I spend the majority of my time in Mr. Pips thread, and credit him for teaching me how to read price action. I discovered this thread a few weeks ago and have been studying Dee's charts religiously! I'm convinced Dee is a machine . I'm implementing Mr Pips teachings, with Dee's teachings, with the simplicity of Renko, to make my own style. Thanks Dee for sharing the knowledge. I also have a question on order execution on MT4. The +35 and +37 should have only been...
Interesting. I never experienced something like that. I suppose you did not try to sell a 100 lots?
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,478
  • Apr 6, 2016 3:10am Apr 6, 2016 3:10am
Quoting bettervolume
{quote}{quote} hello phillipine x I think I did not ask the question properly ...why did you enter at that time it was downtrend way before you entered did you wait for stoch to go below zero and then entered ? did you wait for macd to make LL or did you wait for macd to go below zero ,?
It was not a case of me waiting but more about when I happen to look at the charts....i am easily distracted by swimming, food, my Gf etc......
I have no hard and fast entry signals....these days macd and stochs is there more for background noise much like music......
In the case of of downtrend i look to jump on a lower high then the previous price cycle......yesterday day was a bit of a mess but the cycles ARE there for all to see....
Read post 4456
  • #6,479
  • Apr 6, 2016 3:33am Apr 6, 2016 3:33am
dax 30 +9 -2 +9 +12 +8 +7 +4 +32
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  • #6,480
  • Apr 6, 2016 3:40am Apr 6, 2016 3:40am
Quoting PhilippineFX
dax 30 +9 -2 +9 +12 +8 +7 +4 +32 {image}
Nice trades PhilippineFX. Hey, leave some pips for the rest of us.
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