More simple is impossible | Page 330 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

More easy is impossible 17 replies

long-run profits impossible with short-term trading? 39 replies

Attachments: More simple is impossible
Exit Attachments

More simple is impossible

  • #6,581
  • Apr 11, 2016 11:19am Apr 11, 2016 11:19am
Quoting lKeithStone
I picked a slower moving pair (USDJPY) and scalped the 1pip charts this morning. Call me crazy, but I like it. I second guessed my self several times and took profit to soon, but it's nothing that can't be fixed. I just need to follow the flow LL LH HL HH. The most important.... 1 loss. +13 +2 -1 +2 +2 +9 +2 +2 +2 +10 +2 = 45 {image}
very nice.

Health Warning!!
Renko bars can become addictive, especially the 1 & 2 pip low calorie ones, before you know it you have put on a few pounds and by the end of the week you will be loosening your belt.

I suspect that "Phili" wears a skirt where he lives so he has a bit of room to expand.
Cut your Losers short and let your Winners run.
  • #6,582
  • Apr 11, 2016 11:23am Apr 11, 2016 11:23am
Quoting Nala66
{quote} Hi dee50 hi I am not surprised you cannot find anything on the Internet because there is very little of value there and what there is is usually useless or incorrect relative to reading the price action. As a result most people then start to look for the Holy Grail with indicators when in reality the indicators are based on the price action not the other way round. I don't want to take up much space here because this is not my thread so please excuse me. I look at the price action and use the Quartile to confirm an entry distance and a target...
Thanks.
Cut your Losers short and let your Winners run.
  • #6,583
  • Apr 11, 2016 11:40am Apr 11, 2016 11:40am
Quoting dee50
{quote} very nice. Health Warning!! Renko bars can become addictive, especially the 1 & 2 pip low calorie ones, before you know it you have put on a few pounds and by the end of the week you will be loosening your belt.


1pip Renko's are mesmerizing! I feel like NEO from the Matrix. I'm thankful for USDJPY's .2 - .5 spread.
  • #6,584
  • Apr 11, 2016 1:53pm Apr 11, 2016 1:53pm
Quoting dee50
GBPJPY +22+16+16+16+3+3+2+10+3+3+2+2+18+18+10+2. Having to allow 3 pips on the TPs for the spread, a few times now price has gone thru my TP and then come back so I have had to close manually, it has certainly been hit and miss, I have gotten too use to the 1 pip spread on the DAX. There is something amiss with the APTM v244, it was messing about with my TPs some times it was giving me 5 pip TPs and then 10 pip TPs which was a bit odd as I had it set to 20 pip TPs so I am going back to the earlier version. No one has posted since this morning so...
My TM is messed up as well. Giving me random TPs and SLs.
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,585
  • Apr 11, 2016 2:49pm Apr 11, 2016 2:49pm
[quote=dee50;8866520]GBPJPY +22+16+16+16+3+3+2+10+3+3+2+2+18+18+10+2. Having to allow 3 pips.................

Dee, it would so much easier if we all got togeather in a live webinar and you orchestrated (think that's how you spell it!) the taking of trades, there well impressive, and from past viewing, pretty consistent, if your charging I go free cos it was my idea, lol
  • #6,586
  • Apr 11, 2016 3:02pm Apr 11, 2016 3:02pm
Quoting Pinkas
Quoting dee50
GBPJPY +22+16+16+16+3+3+2+10+3+3+2+2+18+18+10+2. Having to allow 3 pips.................
Dee, it would so much easier if we all got togeather in a live webinar and you orchestrated (think that's how you spell it!) the taking of trades, there well impressive, and from past viewing, pretty consistent, if your charging I go free cos it was my idea, lol
lol yeah... let us setup a "dee50 ticker.tv channel" (http://ticker.tv) and talk together live about the next entries on Dax x Pip Renko chart
  • #6,587
  • Apr 11, 2016 3:49pm Apr 11, 2016 3:49pm
Or better still come to your house with our laptops lol, serious though, it's good of all who are putting up their trades and getting some excellent results, will crawl back under my rock now.
  • #6,588
  • Apr 11, 2016 5:01pm Apr 11, 2016 5:01pm
Quoting lKeithStone
I picked a slower moving pair (USDJPY) and scalped the 1pip charts this morning. Call me crazy, but I like it. I second guessed my self several times and took profit to soon, but it's nothing that can't be fixed. I just need to follow the flow LL LH HL HH. The most important.... 1 loss. +13 +2 -1 +2 +2 +9 +2 +2 +2 +10 +2 = 45 {image}
  • #6,589
  • Apr 11, 2016 5:17pm Apr 11, 2016 5:17pm
Quoting lKeithStone
I picked a slower moving pair (USDJPY) and scalped the 1pip charts this morning. Call me crazy, but I like it. I second guessed my self several times and took profit to soon, but it's nothing that can't be fixed. I just need to follow the flow LL LH HL HH. The most important.... 1 loss. +13 +2 -1 +2 +2 +9 +2 +2 +2 +10 +2 = 45 {image}
You have a very good feel for this style of trading.....never worry about taking a small profit....Those 2 pip hits all add up....
HL/HH/LL/LH is the key here. On the Dax there is a trade every few minutes but it can be nerve wracking. Will check out a pair like USD/JPY......Again well done...there is nothing left to say...
  • #6,590
  • Apr 11, 2016 5:26pm Apr 11, 2016 5:26pm
Quoting dee50
GBPJPY +22+16+16+16+3+3+2+10+3+3+2+2+18+18+10+2. Having to allow 3 pips on the TPs for the spread, a few times now price has gone thru my TP and then come back so I have had to close manually, it has certainly been hit and miss, I have gotten too use to the 1 pip spread on the DAX. There is something amiss with the APTM v244, it was messing about with my TPs some times it was giving me 5 pip TPs and then 10 pip TPs which was a bit odd as I had it set to 20 pip TPs so I am going back to the earlier version. No one has posted since this morning so...
What can be said but well played again...good to see you sniping a multi front battle against the big boys
  • #6,591
  • Apr 11, 2016 10:42pm Apr 11, 2016 10:42pm
Quoting PhilippineFX
{quote} You have a very good feel for this style of trading.....never worry about taking a small profit....Those 2 pip hits all add up.... HL/HH/LL/LH is the key here. On the Dax there is a trade every few minutes but it can be nerve wracking. Will check out a pair like USD/JPY......Again well done...there is nothing left to say...
Very much appreciated Phil! Getting kudos from you and Dee let's me know I'm doing something right.

Taking small profits can be frustrating at times. Especially when you are right about the direction 10 out of 11 times. BUT... it's never as frustrating as taking several losses in a row. It's incredible what winning 10 out of 11 trades can do for your psych (even if they are +2's).

I couldn't imagine using 1pip Renko's on the DAX. USD/JPY has around a 109pip daily range and that is fast enough for me. Until I build more confidence I'm sticking to 3 low spread/ADR pairs (USD/JPY, AUD/USD, EUR/USD).

  • #6,592
  • Apr 11, 2016 11:24pm Apr 11, 2016 11:24pm
[quote=lKeithStone;8867353]{quote} Very much appreciated Phil! Getting kudos from you and Dee let's me know I'm doing something right. Taking small profits can be frustrating at times. Especially when you are right about the direction 10 out of 11 times. BUT... it's never as frustrating as taking several losses in a row. It's incredible what winning 10 out of 11 trades can do for your psych (even if they are +2's). I couldn't imagine using 1pip Renko's on the DAX. USD/JPY has around a 109pip daily range and that is fast enough for me. Until I build more confidence I'm sticking to 3 low spread/ADR pairs (USD/JPY, AUD/USD, EUR/USD). [/quIf
IF price runs away on you just after you close for +2 imagine its that ex GF you never liked that much anyways...
  • #6,593
  • Apr 11, 2016 11:54pm Apr 11, 2016 11:54pm
Quoting PhilippineFX
Quoting lKeithStone
{quote} Very much appreciated Phil! Getting kudos from you and Dee let's me know I'm doing something right. Taking small profits can be frustrating at times. Especially when you are right about the direction 10 out of 11 times. BUT... it's never as frustrating as taking several losses in a row. It's incredible what winning 10 out of 11 trades can do for your psych (even if they are +2's). I couldn't imagine using 1pip Renko's on the DAX. USD/JPY has around a 109pip daily range and that is fast enough for me. Until I
...
That will also prevent me from chasing price as well. Good thinking.
  • #6,594
  • Apr 12, 2016 9:38am Apr 12, 2016 9:38am
gbpjpy +65
  • #6,595
  • Apr 12, 2016 9:38am Apr 12, 2016 9:38am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM4.png Size: 57 KB
  • #6,596
  • Apr 12, 2016 9:44am Apr 12, 2016 9:44am
+12 +4 +21 +23 dax
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M10.png Size: 47 KB
  • #6,597
  • Apr 12, 2016 9:46am Apr 12, 2016 9:46am
GBPJPY (+20, +60)

DAX is ridicilous, I stop trading it completely. GBPJPY is much more predictable for me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM31.png Size: 30 KB
Click to Enlarge Name: GBPJPYM312.png Size: 35 KB
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,598
  • Apr 12, 2016 10:03am Apr 12, 2016 10:03am
Quoting BBalazs
GBPJPY (+20, +60) DAX is ridicilous, I stop trading it completely. GBPJPY is much more predictable for me. {image} {image}
yeah gbp/jpy seems ok still early days for me
  • #6,599
  • Apr 12, 2016 10:50am Apr 12, 2016 10:50am
Started out with USDJPY. Started getting to choppy on the 1pip Renkos. Got dizzy and could feel a mistake on the horizon so I switched to GBPJPY 5pip charts to finish up. Not sure what the hell I was thinking with the first USDJPY trade.... no coffee maybe

I need to adjust my settings on the trade manager for GJ.

USDJPY
-7 +13 +2 +2 +2 +2

GBPJPY
+2 +53

Total = +69
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ-4-12-16.png Size: 171 KB
Click to Enlarge Name: GJ-4-12-16.png Size: 115 KB
  • #6,600
  • Edited 4:26pm Apr 12, 2016 12:46pm | Edited 4:26pm
Hi all. I won't be posting or trading over the next few weeks. I have decided to try and observe the market, following the advice passed on to PhillipineFX from Dee.
There is no doubt that my trading has improved since i have dedicated to this thread. It is actually the only thread i follow now. My hope is to see the "rhythm" of the market and understand it...or more importantly how to profit from it consistently.
Best, Josh
4 traders viewing now