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More simple is impossible

  • #6,881
  • Apr 27, 2016 1:08pm Apr 27, 2016 1:08pm
Quoting BBalazs
{quote} Nice! Are you holding the positions longer?
Thanks! Yes, I'm trying. I'm finding it to be a little more stressful than scalping, but the returns are better. I need to work on my entries and exits. I've been scaling into positions using only half of my trade size.
  • #6,882
  • Apr 27, 2016 2:46pm Apr 27, 2016 2:46pm
Three trades today, 17+21+19. Not perfect entries or exits, but safety come first. I have made a small change in macd to keep me out of some trouble (backside is that this makes the entries late). I hope Dee will continue to post his trades, it have been very valuable to me. Have a nice evening.
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  • #6,883
  • Apr 28, 2016 2:49am Apr 28, 2016 2:49am
DAX +33 +21 +27

Long entry on renko5 (not 2.5) after retest of demand and break of descending trendline. Exit at intermediate supply.
First short entry taken bit early between 50% and 61.8% of the down move with divergence, second entry on the same principle. SL almost hit.

Need to work on my exits though, that's the hard part because really often when i do not take profits it comes back to BE and when i do it goes further.
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  • #6,884
  • Apr 28, 2016 3:00am Apr 28, 2016 3:00am
Quoting jakucha
DAX +33 +21 +27 Long entry on renko5 (not 2.5) after retest of demand and break of descending trendline. Exit at intermediate supply. First short entry taken bit early between 50% and 61.8% of the down move with divergence, second entry on the same principle. SL almost hit. Need to work on my exits though, that's the hard part because really often when i do not take profits it comes back to BE and when i do it goes further. {image}

Good trading, which broker do you use jakucha?
  • #6,885
  • Apr 28, 2016 3:11am Apr 28, 2016 3:11am
Quoting MrFisherman
{quote} Good trading, which broker do you use jakucha?
IC markets.

trading is not to bad but look at what i missed, original targets hit on the downside, frustrating.
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  • #6,886
  • Apr 28, 2016 3:25am Apr 28, 2016 3:25am
Quoting jakucha
{quote} IC markets. trading is not to bad but look at what i missed, original targets hit on the downside, frustrating.
Good trading jakucha. You secured pips, thats the most important thing , nothing to be frustrated about. Best, Josh
  • #6,887
  • Apr 28, 2016 3:37am Apr 28, 2016 3:37am
Quoting JoshuaHope
{quote} Good trading jakucha. You secured pips, thats the most important thing , nothing to be frustrated about. Best, Josh
I am fuming mate. Hard to stomach, i was with the trend, why i closed i dont know.
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  • #6,888
  • Apr 28, 2016 3:51am Apr 28, 2016 3:51am
Quoting jakucha
{quote} I am fuming mate. Hard to stomach, i was with the trend, why i closed i dont know.
I feel your pain......I think after a couple quiet rangy days we had no faith in the gap south....still pips are pips
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  • #6,889
  • Apr 28, 2016 3:51am Apr 28, 2016 3:51am
DAX +35

Small risk blind entry on Weekly and Daily SR (pink and red).

But annoying to go with coin toss trades when you can just ride it all the way down like dee probably did, adding at every small pullback. I mean, come on, look at these MAs, what was i doing just watching it....
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  • #6,890
  • Apr 28, 2016 4:10am Apr 28, 2016 4:10am
DAX +37

Liked the first bounce up, took the entry on the retrace, exit at minor SR + MA, until I see a confirmation of possible larger retrace.
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  • #6,891
  • Apr 28, 2016 4:12am Apr 28, 2016 4:12am
Quoting jakucha
DAX +37 Liked the first bounce up, took the entry on the retrace, exit at minor SR + MA, until I see a confirmation of possible larger retrace. {image}
nice play....HL&HH......soon we will know
  • #6,892
  • Apr 28, 2016 4:36am Apr 28, 2016 4:36am
DAX +23
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....EDIT...The second HL marked was an error
  • #6,893
  • Apr 28, 2016 4:41am Apr 28, 2016 4:41am
Quoting PhilippineFX
DAX +23{image}....EDIT...The second HL marked was an error
That's 4 more than me
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  • #6,894
  • Apr 28, 2016 4:56am Apr 28, 2016 4:56am
Quoting jakucha
{quote} That's 4 more than me {image}
But you had the stones for the first 2 legs up
  • #6,895
  • Apr 28, 2016 7:27am Apr 28, 2016 7:27am
DAX +23 +30, one running at BE

The first leg up started to compress, meaning a retracement was to come for a bettter entry lower, waited for the 50-61.8% fib retracement (blue rectangle) + BRN, oscilllators agreeing. Last entry taken on renko5 for confirmation so a bit higher.

Left one running at BE to not cry over a potential move higher without me. We could see at the very least 10210.
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  • #6,896
  • Apr 28, 2016 8:02am Apr 28, 2016 8:02am
DAX +23

Went long @ the 123 formation. exit at round number. surely early exit, but positive trades starting to pile up so it's satisfactory after the frustration of the morning.

still bottom one running at BE
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  • #6,897
  • Apr 28, 2016 8:19am Apr 28, 2016 8:19am
DAX +58. Closed before target because of SR area and happy for now. but frankly can go higher (or waaaay higher), will check if there is opportunity in a retrace to the M15 engulf candle.

Flat for now.

EDIT: hard target hit, of course :/ bast@rds

EDIT :total for today +306 -42 = 264 points. more than the drop I missed so feeling better now.
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  • #6,898
  • Apr 28, 2016 8:29am Apr 28, 2016 8:29am
Dang! You guys are on fire this morning.
  • #6,899
  • Apr 28, 2016 8:44am Apr 28, 2016 8:44am
DAX +10 +17

Early short retrace, lucky enough on this one.

Went back long to aim at the 50% fib of today s drop, we just hit it.
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  • #6,900
  • Apr 28, 2016 8:47am Apr 28, 2016 8:47am
Ger30 + 27 Not a particularly eventful trading day as I missed most of the morning action. Seeing that many of you are able to pick up so many good pips on renko 3, i might give that a go one of these days. Jakucha 264 wtf?...now i feel inadequate and embarrassed posting this result. But great trading buddy.

Anyway, my small trade was a 123 within a 123, i was going to go for 200 ext on the 5 around BRN, but that tiny dip of 10 macd below 0 made me second guess the potential, so i opted for 168% which was in confluence with 127% ext on 10. I am trying to shift my focus towards the PA analysis more, so i am watching charts more than i do trading.

Best, Josh
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