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  • #6,801
  • Apr 24, 2016 12:25pm Apr 24, 2016 12:25pm
Quoting DashRiprock
Forget...
Again, you are providing nothing that hasn't been said by every Forex site on the internet. You are showing no proof of anything. You are saying the same shit over and over and over again. What a waste of your time and for everyone who reads it.

Now I will wait for your 40 sentence response of regurgitated crap.
  • #6,802
  • Apr 24, 2016 12:56pm Apr 24, 2016 12:56pm
Seems someone who has only just joined FF and posted their first lot of posts has done so to disrupt, name dropping all the time comes as standard, does this mean they are a successful trader, well if it is, I have a list that would make me even better, it's not about someone elses journey, it's about your own, and at the moment it's at a standstill !!
  • #6,803
  • Apr 24, 2016 1:11pm Apr 24, 2016 1:11pm
Some people just like to tear down others. Dee50 has never tried to make any money off his thread, why go thru all the hassle for no money? There is some altruisim left in the world. I don't trade Dees system regularly but do use it on occasion, with minor tweaks that suit me, it works. No system is infallible but there are tons that work as long ads the primary consideration is price action and not indicators.
  • #6,804
  • Apr 24, 2016 1:43pm Apr 24, 2016 1:43pm
Take it easy guys, if you don't like what he writes, just ignore him. The outcome will be the same.

I could not care less about dee's success rate, nor do I go to bed wondering how many losers he has. What I care about and what I know is that dee's methodology made my trading better, and it is up to me to be disciplined enough to be successful.

After all, I read all what Dashriprock wrote and even if it's been said again and again, it does no harm to be reminded of the most important.

His tone is something else, but we're grown ups, not college girls who need their little safe space, so let's just move on, shall we?

The most ironic thing being that dee's methodology helps us do exactly what DRP is saying, buying pullbacks in a trend, and in addition, when possible, catch a few tops and bottoms, so just enjoy it and have a good week. cheers.
Hidden in plain sight.
  • #6,805
  • Apr 24, 2016 2:38pm Apr 24, 2016 2:38pm
Quoting jakucha
Take it easy guys, if you don't like what he writes, just ignore him. The outcome will be the same. I could not care less about dee's success rate, nor do I go to bed wondering how many losers he has. What I care about and what I know is that dee's methodology made my trading better, and it is up to me to be disciplined enough to be successful. After all, I read all what Dashriprock wrote and even if it's been said again and again, it does no harm to be reminded of the most important. His tone is something else, but we're grown ups, not college...
Agreed. Added a new name to my Ignore list. Moving forward now.
  • #6,806
  • Apr 24, 2016 2:53pm Apr 24, 2016 2:53pm
like to see this thread as it were, very encouraging, informative, gaining traction and still alive.
  • #6,807
  • Edited 8:23pm Apr 24, 2016 8:12pm | Edited 8:23pm
Good thread,
recently just got myself interested in using the renko brick.

I tried to swift thru the 170 pages but i couldn't find Dee50's post about his setup and strategy.

Can someone please direct me to his post?

Thank you very much.

Really appreciate the help.


Best regards,
Bpran
Baby needs love, milk, and money.
  • #6,808
  • Apr 25, 2016 12:55am Apr 25, 2016 12:55am
Quoting bpran
Good thread, recently just got myself interested in using the renko brick. I tried to swift thru the 170 pages but i couldn't find Dee50's post about his setup and strategy. Can someone please direct me to his post? Thank you very much. Really appreciate the help. Best regards, Bpran
Summary of Dee's posts - see post 4235. Not updated to bring it up to date - but a good place to start. His settings should be in there somewhere.
  • #6,809
  • Apr 25, 2016 1:56am Apr 25, 2016 1:56am
I am stating the completely obvious:

NO ONE has NO losing trades.

You would be the richest person on earth in absolutely no time.

The mere notion is nothing short of imbecilic.

Least of all alone trading against a bookie who only wins when the customer loses.

Why does Dee not put up a trade explorer to provide proof of his ridiculous claims ?

Because such proof CANNOT exist, because such trading is IMPOSSIBLE.

Dee's alleged "trades", only ever posted after the fact:

"GER30+71+2+33+20+28+50
GER30+7+2+52+71
GER30 +61+201+5+13+72+35+35
Today so far. GER30+184 +ongoing"
GER30+40+24+5+9+5+35+5+16+5+10+5+43
GBPJPY +22+16+16+16+3+3+2+10+3+3+2+2+18+18 +10+2

etc etc.

And then this gem:

"Put this to bed. I am not the only trader who trades with out losses!!"
http://www.forexfactory.com/showthre...09#post8881209

LOL YES YOU ARE !!!

IF it were true.



Of course it's nothing but make-belief.

No wonder the fella never had a trade explorer up.

And NO WONDER 90% of traders are losers if they fall for such absolute nonsense, and cannot cope without praying to false gurus and going on endless quests for non-existent holy grails.

;-)
Trading is just a probability game.
  • #6,810
  • Apr 25, 2016 2:09am Apr 25, 2016 2:09am
Contrats Dee's nonsense of allegedly no losing trades with Market Wizards takes on the perfectly obvious:

To make it as a trader you have to learn to lose.

Many of these guys went on to become real life Billionaires.



"My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast… Letting losses run is the most serious mistake made by most investors.”
William O’Neil


“[Michael Marcus – another top trader] taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgement, being wrong, making your next best judgement, being wrong, making your third best judgement, and then doubling your money.”
Bruce Kovner


“If I have positions going against me, I get right out; if they are going for me, I keep them… Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.”
Paul Tudor Jones


“Don’t focus on making money; focus on protecting what you have.”
Paul Tudor Jones


“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.”
Ed Seykota


“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.”
Randy McKay


“I’ll keep reducing my trading size as long as I’m losing… My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds.”
Randy McKay


“When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.'”
Marty Schwartz


“Learn to take losses. The most important thing in making money is not letting your losses get out of hand.”
Marty Schwartz


“I always define my risk, and I don’t have to worry about it.”
Tony Saliba


“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.”
Victor Sperandeo


“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.”
Tom Basso


Larry Hite:
"It is incredible how rich you can get by not being perfect."

Bill Lipschutz:
"I don't have a problem letting my profits run, which many traders do. You have to be able to let your profits run. I don't think you can consistently be a winner trading if you're banking on being right more than 50 percent of the time. You have to figure out how to make money by being right only 20 to 30 percent of the time.

William Eckhardt:
"One common adage on this subject that is completely wrongheaded is: You can’t go broke taking profits. That’s precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits. The problem in a nutshell is that human nature does not operate to maximize gain but rather to maximize the chance of a gain. The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance. …

Brett Steenbarger:
"As a rule, maximizing batting average/minimizing drawdown comes at the cost of lowering overall system profitability."

Multi-Billionaire George Soros:
"I don't care when I'm wrong. I cut my losses and move on to the next opportunity. Trading is not about being right. It's about how much you make when you are right."

An observation echoed by Kenneth Grant, who in "Trading Risk: Enhanced Profitability through Risk Control", depicts his experience as risk manager for some of the best and most successful hedge funds, amongst others Paul Tudor Jones funds and Steve Cohens SAC Capital, that:

ACROSS ALL MARKET CONDITIONS, TRADING STYLES, TIME FRAMES AND TRADERS, ONE RULE HOLDS TRUE:

10% OF ALL TRADES INEVITABLY ACCOUNT FOR 90% OF PROFITS !

http://www.amazon.com/Trading-Risk-E.../dp/0471650919

OK.

I've pointed out the obvious and am done with this imbecilic nonsense.

If people here want to believe that some fella trading with a bookie never has lsoing trades yet isn't the richest person on earth, need to believe such nonsense more than the collective wisdom of people who have made Billions from trading, hey, what can one have against that haha.

More easy money lying around.

Have fun, I'm outta here.

:-)
Trading is just a probability game.
  • #6,811
  • Edited 1:03pm Apr 25, 2016 5:59am | Edited 1:03pm
GER30 +30
Hello everyone. This is my first trade of the day, hope to find more. I missed the morning.
This is what i saw here - On the 10 pip chart, I noticed a divergence, but it was clearly not enough to make me enter. On the 5 pip chart, macd was printing several divergences, and was rising towards the 0 line. A push upwards occurred and i waited for a 123 to print. Note, my entry was not great as i was late to pull the trigger.
Because of the late entry i almost got stopped out at BE after the pullback above, but once it showed a hidden divergence in both macd and stoch, it was a almost sure thing. In retrospect, i should have added a lot here.
My target was the BRN, which is around 38.2% retracement if you note the 10 pip chart, also 200 ema right there.

GER30 +32
After my first trade, i noticed a divergence that has now formed at the 200ema(10 pip chart), also brn and a previous recent support zone that has now turned resistance.
Again, waited for a pullback(123) and took the trade. Target was BRN that is around 168 fib extension.
Interesting thing, while i was contemplating if this was going to go higher, i looked at HLs and HHs being made, but i also noted the difference in the PA in the pullbacks.
Anyway, i took all that and decided to go short.

Edit - decided to merge the posts.
Edit2- updated chart+30, didn't mark a divergence that was in play
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GER30 +32.png Size: 126 KB
  • #6,812
  • Apr 25, 2016 12:53pm Apr 25, 2016 12:53pm
Ger30 +2+2+2+2-24
Frustrating afternoon. I have gotten stopped for BE+2 4 times hoping to run down, and then entered a stupid trade for no real reason other than my conviction of bearishness. Even more stupidly, once i realized what i had done, instead of cutting it off, for maybe -6 or so, i let it go ignoring some more clues in hopes of a pullback, or that my sentiment of bear prevails. See chart for details.
Hey Dee, how does that saying go? Cut your winners short and let the losers run. I did that today.
Anyone else trading or is there a concert in town?
Attached Image (click to enlarge)
Click to Enlarge Name: Ger30 +2+2+2+2-24.png Size: 143 KB
  • #6,813
  • Apr 25, 2016 2:09pm Apr 25, 2016 2:09pm
Looks like all have abandoned ship, looking for a rise in the dow, just me n you kid!!
Attached Image
  • #6,814
  • Apr 25, 2016 2:26pm Apr 25, 2016 2:26pm
I scalp today, I can never trade correctly and make any profit. My goal is Scalping for 1 % a day.. I am not making 1% yet but only half a percent today.

Good Luck to all the traders outthere,

VD
  • #6,815
  • Apr 25, 2016 2:30pm Apr 25, 2016 2:30pm
Read somwhere the best trading in the dow is the last half hour before close, anyone else comment on this?,
  • #6,816
  • Apr 25, 2016 3:03pm Apr 25, 2016 3:03pm
+34, could be some truth in that there statement, looks like dashrippedsock has put pay to this thread, quite sad,
EDIT: little bit of a nudge up from the DAX in last knokkins
Attached Image
  • #6,817
  • Apr 26, 2016 1:17am Apr 26, 2016 1:17am
Quoting Pinkas
+34, could be some truth in that there statement, looks like dashrippedsock has put pay to this thread, quite sad, EDIT: little bit of a nudge up from the DAX in last knokkins {image}
Yeah - that's what guys like him tend to do - which is what made me so cross. It takes time and effort to post your trades and teach others. What's @Dash*** offerred? Nada. Talk about ego.

Hopefully Dee will come back but even if not, I have found this thread very helpful - and I think many others have to.

Travelling today but will try and post some of my trades too.
  • #6,818
  • Apr 26, 2016 1:28am Apr 26, 2016 1:28am
Quoting JoshuaHope
Ger30 +2+2+2+2-24 Frustrating afternoon. I have gotten stopped for BE+2 4 times hoping to run down, and then entered a stupid trade for no real reason other than my conviction of bearishness. Even more stupidly, once i realized what i had done, instead of cutting it off, for maybe -6 or so, i let it go ignoring some more clues in hopes of a pullback, or that my sentiment of bear prevails. See chart for details. Hey Dee, how does that saying go? Cut your winners short and let the losers run. I did that today. Anyone else trading...
Hi Josh,

Thx for your posts and the detailed outline of the reasoning (and the clues you missed) behind every trade. It is really very educational.

Cheers
  • #6,819
  • Apr 26, 2016 1:42am Apr 26, 2016 1:42am
Quoting JoshuaHope
Ger30 +2+2+2+2-24 Frustrating afternoon. I have gotten stopped for BE+2 4 times hoping to run down, and then entered a stupid trade for no real reason other than my conviction of bearishness. Even more stupidly, once i realized what i had done, instead of cutting it off, for maybe -6 or so, i let it go ignoring some more clues in hopes of a pullback, or that my sentiment of bear prevails. See chart for details. Hey Dee, how does that saying go? Cut your winners short and let the losers run. I did that today. Anyone else trading...

mate dont confuse own ur self... u are riding safely .. u need just 10 pips each trading day and need 600 trades to reach unbelievable 1M target.. so take best trades. in the makrt, there are ton of opportunity. but we are not need all of it.. hope this small pdf may helps to u.
Attached File(s)
File Type: pdf money managment plan.pdf   796 KB | 663 downloads
  • #6,820
  • Apr 26, 2016 2:17am Apr 26, 2016 2:17am
Quoting us fantasy
{quote} mate dont confuse own ur self... u are riding safely .. u need just 10 pips each trading day and need 600 trades to reach unbelievable 1M target.. so take best trades. in the makrt, there are ton of opportunity. but we are not need all of it.. hope this small pdf may helps to u. {image}
Thanks US Fantasy. Indeed you are right that you only need small pips to reach good targets. The thing is, as a student, am am trying to enhance my market reading abilities, see more and interpret it correctly to my advantage.

Best, Josh
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