More simple is impossible | Page 338 | 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

  • #6,741
  • Apr 20, 2016 8:10am Apr 20, 2016 8:10am
Quoting Intrepidpips
{quote} Great you are almost a "naked" RENKO trader now
Now you have done it!!! There is absolutely no way that I can trade now, not with that picture in my mind

EDIT. No it is no good I can not get rid of it, I will have to resort to using a mind altering potion in order to continue trading.

You should be more careful with your words, you may have scarred me for life!
Cut your Losers short and let your Winners run.
  • #6,742
  • Apr 20, 2016 8:17am Apr 20, 2016 8:17am
Quoting bettervolume
{quote} thanks for this I need to go back to the drawing board and study all over .Also you have red pink and blue dashed lines ...I am sorry to ask such basic questions but I find these details to be important in decision making when taking a trade .Is red major support and confluence with fib? blue minor ...what is pink??
Crimson. = Clearly visible on Daily
Medium Blue = 4Hr
Maroon = Fib levels generally off 4 hr.
Pink = I hate Pink if I used it it must have been by mistake or momentary madness. I am also Colour Blind so it might have been that.
Cut your Losers short and let your Winners run.
  • #6,743
  • Apr 20, 2016 8:19am Apr 20, 2016 8:19am
Quoting dee50
{quote} Now you have done it!!! There is absolutely no way that I can trade now, not with that picture in my mind
Lol. Thats the same way i felt after seeing a commercial for the show the naked chef by jamie oliver. I stopped eating for a while.
  • #6,744
  • Apr 20, 2016 8:57am Apr 20, 2016 8:57am
Quoting dee50
{quote} Now you have done it!!! There is absolutely no way that I can trade now, not with that picture in my mind EDIT. No it is no good I can not get rid of it, I will have to resort to using a mind altering potion in order to continue trading. You should be more careful with your words, you may have scarred me for life!
You are putting ideas into my mind, what if PhilipineFx were a she?
Now I see the image it must be conjuring in your mind.

So sorry this may be a little like what I had in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: Naked Trader.jpg Size: 40 KB
Let it turn and find your entry.
  • #6,745
  • Apr 20, 2016 9:01am Apr 20, 2016 9:01am
Quoting Intrepidpips
{quote} Could you please share the MACD nrp_osc?, it's not on post 5355 and I would just love to see what particular differences there are between the 2. Thank you.
Okay never mind

The MACD nrp mtf + alerts 2 in post 4404 is the same as nrp_osc.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 99.png Size: 94 KB
Let it turn and find your entry.
  • #6,746
  • Apr 20, 2016 9:34am Apr 20, 2016 9:34am
Quoting dee50
{quote} "Surprise, Surprise" {image}

Yeah the market has a way of making nonsense of our well thought out analysis, but the big picture said so much room to the upside (if the market makers -who ever they are will it so).

I would have taken a long as expected with the "Trend Resumption Bar - TRB' but the bar was so indecisive, and like James 16 said you gotta be picky, so I let that one pass.

Closing the day above ground, but with several ideas on how to "reinvent the wheel" flooding my mind.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 100.png Size: 104 KB
Click to Enlarge Name: RENKO 101.png Size: 80 KB
Click to Enlarge Name: RENKO 102.png Size: 108 KB
Let it turn and find your entry.
  • #6,747
  • Apr 20, 2016 9:56am Apr 20, 2016 9:56am
Quoting Intrepidpips
{quote} the big picture said so much room to the upside
??????
So much room to the upside "once" price had broken thru a significant zone of S&R. That's what I was trying to show you. So no "surprise" that price had turned back and got you for a BE.
Cut your Losers short and let your Winners run.
  • #6,748
  • Apr 20, 2016 10:39am Apr 20, 2016 10:39am
GER30+7+2+52+71. That last trade was taking so long to break, that I almost gave up, but going home time came up and the office boys (& Girls) don't often disappoint. Any way it is peeing it down out side so what was I going to do.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+7+2+52+71 200416.png Size: 63 KB
Cut your Losers short and let your Winners run.
  • #6,749
  • Apr 20, 2016 11:07am Apr 20, 2016 11:07am
Hi Dee,
Yo amazed me again. I was trying to trade inside the triangle you marked. First long to trade with the trend, then short as didn't break highs, and got nailed badly.
My question is what kept you out of trading in that area? Of course at the beginning you didn't know it was going to be ranging, but then you entered before it breaks in the very last bounce from the bottom.

These situations are the once that keep failing in me. Don't really get when to hold. What were you waiting for that kept out of trading ?

Many thanks



Quoting dee50
GER30+7+2+52+71. That last trade was taking so long to break, that I almost gave up, but going home time came up and the office boys (& Girls) don't often disappoint. Any way it is peeing it down out side so what was I going to do. {image}
  • #6,750
  • Apr 20, 2016 11:21am Apr 20, 2016 11:21am
Quoting cfabian
Hi Dee, Yo amazed me again. I was trying to trade inside the triangle you marked. First long to trade with the trend, then short as didn't break highs, and got nailed badly. My question is what kept you out of trading in that area? Of course at the beginning you didn't know it was going to be ranging, but then you entered before it breaks in the very last bounce from the bottom. These situations are the once that keep failing in me. Don't really get when to hold. What were you waiting for that kept out of trading ? Many thanks {quote}
Price squeezes inside a triangle. Inside consolidation it often does not, but then the Indicators squeeze instead. In this instance both did. Clues are on the chart, just look back and you will see it time and time again.

If price had not broken out I would instantly have killed the trade.

Why did you go short inside a Bull Flag/Triangle?
Attached Image (click to enlarge)
Click to Enlarge Name: squeeze. 200416.png Size: 39 KB
Cut your Losers short and let your Winners run.
  • #6,751
  • Apr 20, 2016 11:49am Apr 20, 2016 11:49am
Quoting dee50
GER30+7+2+52+71. That last trade was taking so long to break, that I almost gave up, but going home time came up and the office boys (& Girls) don't often disappoint. Any way it is peeing it down out side so what was I going to do. {image}

Hello dee,

Glad you are back. I wanted to ask regarding the 52 trade. Was that not a bit early to take the trade. Am I missing something?

Sorry if this is obvious but I am not sure.

Thanks
  • #6,752
  • Apr 20, 2016 11:56am Apr 20, 2016 11:56am
We don't know it will form a triangle, at the first bounces thats for sure, so didn't see it until around half way of your drawing.
I tried short as price failed higher on the second touch and then 3rd of your blue line, so to me it was "resisting". I tried longs as well, at the beginning, but didn't make it ti break previous highs, so that's why.

So basically you also wait for the indicators to "break"?



Quoting dee50
{quote} Price squeezes inside a triangle. Inside consolidation it often does not, but then the Indicators squeeze instead. In this instance both did. Clues are on the chart, just look back and you will see it time and time again. If price had not broken out I would instantly have killed the trade. Why did you go short inside a Bull Flag/Triangle? {image}
  • #6,753
  • Apr 20, 2016 12:01pm Apr 20, 2016 12:01pm
Quoting amfx
{quote} Hello dee, Glad you are back. I wanted to ask regarding the 52 trade. Was that not a bit early to take the trade. Am I missing something? Sorry if this is obvious but I am not sure. Thanks
Yes you are right. I had already had 2 goes and I jumped the gun a bit. Although what you don't see is that price came down to the BRN and was rejected several times during the formation of that bar before I decided to enter, so it was not as reckless as it seems.
Cut your Losers short and let your Winners run.
  • #6,754
  • Apr 20, 2016 12:18pm Apr 20, 2016 12:18pm
Hi everyone.
I have been watching PA, and then also doing some trading on the side. ( I couldn't help it) I have much to learn and observe, but here is my chart for the day. Ger30 +25,+2,+26,+2,+2,-16,+62. I jumped the gun on the -16 and paid the price, +62 saved the day. After the price got above the S/R, and wasn't making highs, I was starting to have second thoughts about the uptrend, and was thinking potential 2B. The BE trades were stupid, but at that point I was unsure of direction and should not have traded...until things became clearer.
A flag formed, got my entry to BE and went to walk my dog. I was hoping for 10500, but i closed manually once i got to my station.
Best, Josh
Attached Image (click to enlarge)
Click to Enlarge Name: Ger30 420.png Size: 96 KB
  • #6,755
  • Apr 20, 2016 12:41pm Apr 20, 2016 12:41pm
You can see my mess.
Pay attention on how my indicators didn't show the triangle as it did in yours !!!
Attached Image (click to enlarge)
Click to Enlarge Name: ger30-m2-forex-capital-markets.png Size: 47 KB
  • #6,756
  • Apr 20, 2016 1:12pm Apr 20, 2016 1:12pm
Quoting cfabian
We don't know it will form a triangle, at the first bounces thats for sure, so didn't see it until around half way of your drawing. I tried short as price failed higher on the second touch and then 3rd of your blue line, so to me it was "resisting". I tried longs as well, at the beginning, but didn't make it ti break previous highs, so that's why. So basically you also wait for the indicators to "break"? {quote}
Here is another view. price made a New High, pulled back to the 38%, I waited to see what happened because we were still in a S&R zone 10410, BRN & HTF 61.8% this area had held price 4 times already on the 10 pip chart, but the pullback from the previous days high had also only got as far as the 38%. We were clearly still in a strong up trend.
The first turn back up stopped at the 10410 the MACD had barely moved off it's 0.00 line and stochs had not reached the 80, this did not signal a reversal merely a failing of momentum even the 10 pip stochs and MACD had barely twitched, I would want to see a convincing move with momentum before I considered an entry in any direction. The pattern unfolded very slowly all the time lacking any momentum so no conviction from the market until the squeeze.

Forgot to mention. On the 10 pip chart look at the difference in the range of movement on the stochs and MACD for a period of 4 bars.
Attached Image (click to enlarge)
Click to Enlarge Name: It is in front of your nose.png Size: 64 KB
Cut your Losers short and let your Winners run.
  • #6,757
  • Apr 20, 2016 1:16pm Apr 20, 2016 1:16pm
Quoting JoshuaHope
Hi everyone. I have been watching PA, and then also doing some trading on the side. ( I couldn't help it) I have much to learn and observe, but here is my chart for the day. Ger30 +25,+2,+26,+2,+2,-16,+62. I jumped the gun on the -16 and paid the price, +62 saved the day. After the price got above the S/R, and wasn't making highs, I was starting to have second thoughts about the uptrend, and was thinking potential 2B. The BE trades were stupid, but at that point I was unsure of direction and should not have traded...until things became clearer....
I will have to get a dog.
Cut your Losers short and let your Winners run.
  • #6,758
  • Apr 20, 2016 1:21pm Apr 20, 2016 1:21pm
Thanks for your explanation =)


Quoting dee50
{quote} Here is another view. price made a New High, pulled back to the 38%, I waited to see what happened because we were still in a S&R zone 10410, BRN & HTF 61.8% this area had held price 4 times already on the 10 pip chart, but the pullback from the previous days high had also only got as far as the 38%. We were clearly still in a strong up trend. The first turn back up stopped at the 10410 the MACD had barely moved off it's 0.00 line and stochs had not reached the 80, this did not signal a reversal merely a failing of momentum even the 10 pip...
  • #6,759
  • Apr 20, 2016 1:43pm Apr 20, 2016 1:43pm
Quoting dee50
{quote} I will have to get a dog.
Dee, thank you for the 10 pip chart explanation above. If I had seen clearly, there would have been no place for the 2B sorcery in my mind.
The dog is a sound investment. I only need to train mine to bite my balls when i trade stupidly.
Best, Josh
  • #6,760
  • Apr 20, 2016 1:50pm Apr 20, 2016 1:50pm
Quoting JoshuaHope
{quote} Dee, thank you for the 10 pip chart explanation above. If I had seen clearly, there would have been no place for the 2B sorcery in my mind. The dog is a sound investment. I only need to train mine to bite my balls when i trade stupidly. Best, Josh
OK that does it, first the image of a naked "Phili" and now an even more bizarre image of you with a dog with it's head between your legs, all I can pray for is that you are not naked as well.

I hadn't realized that this was a thread for sexual deviants.
Cut your Losers short and let your Winners run.
4 traders viewing now