More simple is impossible | Page 359 | 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

  • #7,161
  • May 24, 2016 12:54am May 24, 2016 12:54am
Quoting Stelah
{quote} you mean something like this? {image}
LOL

Was about to post this for you, and just saw your post just when i logged in!

So here it is, but no need for it i guess Well spotted. This is all you need, find one per day, close 2/3 when you're happy and let 1/3 run, and you'll be a happy camper.
Attached Image (click to enlarge)
Click to Enlarge Name: 757dc5e039abb419ea4aba16ea53878a.png Size: 82 KB
Hidden in plain sight.
  • #7,162
  • May 24, 2016 12:59am May 24, 2016 12:59am
cable. was waiting for the setup all day yday, finally got to pull the trigger today. htf hidden bullish div into regular div, regular div on ltf too. stabbed down into marked levels late yday and rejected them, then held above marked 80 level this morning. also some shennanigans on m1 that i am not showing.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_1648 May. 24 09.55.jpg Size: 387 KB
  • #7,163
  • May 24, 2016 1:02am May 24, 2016 1:02am
Quoting jakucha
{quote} LOL Was about to post this for you, and just saw your post just when i logged in! So here it is, but no need for it i guess Well spotted. This is all you need, find one per day, close 2/3 when you're happy and let 1/3 run, and you'll be a happy camper. {image}
yay

one thing to clarify though: would you consider the "buy zone" in this case like you marked it on your chart (just the small prior swing) or like it did on mine (down to the low)?

cheers.
  • #7,164
  • May 24, 2016 1:04am May 24, 2016 1:04am
Quoting Stelah
{quote} yay one thing to clarify though: would you consider the "buy zone" in this case like you marked it on your chart (just the small prior swing) or like it did on mine (down to the low)? cheers.
both are fine, no strict rule here, at least not for me, the sooner it reacts the better.
Hidden in plain sight.
  • #7,165
  • May 24, 2016 1:05am May 24, 2016 1:05am
Quoting JoshuaHope
{quote} Pips are pips, never a shame to pull them off the table. The targets were logical and with this, I met my daily target of 50. But also, we both get to learn to pay more attention to momentum better which is hard in a fast moving situation...best part - we paid nothing for the lesson, but actually pulled a profit, albeit small. Best, Josh
well, it worked yday, i just let it run with some stepwise stop adjustment. actually it should be the easiest in a "fast moving situation", without much zigzags price just runs. and especially on dax you can really just stepwise adjust the stop loss behind each new formed m1 swing low. failed to do so myself today though, but wasnt really focused on the charts this morning tbh. and as we all know, focus is key
  • #7,166
  • May 24, 2016 1:07am May 24, 2016 1:07am
Quoting jakucha
{quote} both are fine, no strict rule here, at least not for me, the sooner it reacts the better.
yeah, i thought so. ok. i personally just look for likely levels within the buy zone for price to react at. or wait for momentum to turn and jump in then. ideally both, meaning price hits a level (can get in a first aggressive position), then when price and momentum turns add another one.
thanks for your help!
  • #7,167
  • May 24, 2016 1:09am May 24, 2016 1:09am
Quoting jakucha
{quote} LOL Was about to post this for you, and just saw your post just when i logged in! So here it is, but no need for it i guess Well spotted. This is all you need, find one per day, close 2/3 when you're happy and let 1/3 run, and you'll be a happy camper. {image}
A very sound tactics Jakucha. May I ask, are you drawing those zones manually? Best, Josh
  • #7,168
  • May 24, 2016 1:14am May 24, 2016 1:14am
Quoting JoshuaHope
{quote} A very sound tactics Jakucha. May I ask, are you drawing those zones manually? Best, Josh
hello, it s not tactics, just market structure and the psychology behind it i admit that what i dropped here yesterday is a serious shortcut to success, but nothing that had not been posted by dee in this thread before, maybe not as explicitely. he mentioned lance's work quite a few times in this thread, one just needs to pick up on the good clues i guess. i am not the only one who did in this group

the grey zones are basic / auto supply and demand zones, the colored ones are drawned by hand acccording to the principle i stated yesterday.
Hidden in plain sight.
  • #7,169
  • May 24, 2016 1:19am May 24, 2016 1:19am
Quoting jakucha
{quote} hello, it s not tactics, just market structure and the psychology behind it i admit that what i dropped here yesterday is a serious shortcut to success, but nothing that had not been posted by dee in this thread before, maybe not as explicitely. he mentioned lance's work quite a few times in this thread, one just needs to pick up on the good clues i guess. i am not the only one who did in this group the grey zones are basic / auto supply and demand zones, the colored ones are drawned by hand acccording to the principle i stated yesterday....
Thanks mate. You are right - once you start seeing it, its hard to unsee it. Hidden in plain sight. Simple, yet genius i must admit.
Now I have loads of information and ideas in my mind...and i havent even had my morning coffee yet. Green pips friend.
  • #7,170
  • May 24, 2016 1:30am May 24, 2016 1:30am
Quoting JoshuaHope
{quote} Thanks mate. You are right - once you start seeing it, its hard to unsee it. Hidden in plain sight. Simple, yet genius i must admit. Now I have loads of information and ideas in my mind...and i havent even had my morning coffee yet. Green pips friend.
Happy you got it. Remember it's not 100% success rate, otherwise, you know...
You can use zigzags (3,2,2) or fractals, fractals will give you more levels so it's a bit trickier, and ZZ will give you less levels but wider.
You can use renkos or candles, does not matter. We love renkos here.
You can use M1 up to Monthly, same principle. For intraday though, I mainly use M1 to H1 and then use renkos to stay in the trade or add to my positions.
In any case, it is worthless if you do not take into consideration the whole picture, higher time frames, is there a trend or a range in place, is price inside a significant area ,etc... Only if you do that, you will increase you win/loss ratio.

there many ways to skin a cat, but i like this approach, I love the fact that it prevents me from entering anywhere, so patience becomes easy, and i find it fun to trade.
Hidden in plain sight.
  • #7,171
  • May 24, 2016 1:35am May 24, 2016 1:35am
Quoting Intrepidpips
{quote} Great results, m8, but how did you get into that buy in the middle of a Bearish cycle, I'm missing something for sure?
Here is the perfect example of what Jakucha spelled out in post 7141.....a series of LH/LL`s got taken out by a solid HH/HL.....add the divergence and the electron magnet gap fill that will not be denied forever and you have a reversal........as you can see i got out way to early but honestly I do not care....this trade sets up the week firmly in the black but it pales compared to last Tuesdays 100 pip gap fill.
Jakucha is so right.....stop worrying about repainting bricks[what ever that is] I am still using the same pimped renco Dee shared over a year ago. All this on a beat up 4 gig ram Acer with a rotted out keyboard soon to celebrate its 6th birthday.....If anyone thinks repainting is frustrating try trading on the broke-ass internet they supply here in the Phils.....If your trading is sound a bit of brick wiggle and a less then stellar internet connection does not matter a lot....BTW...i am always looking at the M1 as well as the 1 and 4 hour
1/2/3/4
A/B/C/D.....
TAKE YOUR PIC....ITS SIMPLY PA
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
  • #7,172
  • May 24, 2016 1:37am May 24, 2016 1:37am
Quoting PhilippineFX
{quote} Here is the perfect example of what Jakucha spelled out in post 7141.....a series of LH/LL`s got taken out by a solid HH/HL.....add the divergence and the electron magnet gap fill that will not be denied forever and you have a reversal........as you can see i got out way to early but honestly I do not care....this trade sets up the week firmly in the black but it pales compared to last Tuesdays 100 pip gap fill. Jakucha is so right.....stop worrying about repainting bricks[what ever that is] I am still using the same pimped renco Dee shared...
Hidden in plain sight.
  • #7,173
  • May 24, 2016 1:40am May 24, 2016 1:40am
Quoting jakucha
{quote} Hi Stelah, Thank you for your reply, because that's only when i read your post that I realised that I didn't write correctly. When I wrote last higher high taken, I meant the higher high source, so in fact, last higher low (demand). Sincere apologies; it was misleading. so here is a simple drawing. high highs higher lows, up trend, until we see the last higher low taken out, meaning the last source of demand was not strong enough to push price higher or even hold it when it came back at the same level, so buyers lost interest or take profits,...
one final question: see attached. do you look only for the sharp reversals (like you showed, HH into LL) or also for the less dramatic ones, like in my example, i.e. LH into LL? depends? or do you only trade the sharp ones?
Attached Image (click to enlarge)
Click to Enlarge Name: Sans titre-1.jpg Size: 55 KB
  • #7,174
  • May 24, 2016 1:44am May 24, 2016 1:44am
Quoting Stelah
{quote} one final question: see attached. do you look only for the sharp reversals (like you showed, HH into LL) or also for the less dramatic ones, like in my example, i.e. LH into LL? depends? or do you only trade the sharp ones? {image}
in your example, we re still in an uptrend as the source of the last high has not been taken out. Could be only a retrace to this demand area / support just to go higher afterwards, so what you marked is not my favorite trade, although i could take it for a scalp IF i see that this move down broke the M1 uptrend.

if you read lance's work you ll get your answers and more.
Hidden in plain sight.
  • #7,175
  • May 24, 2016 1:49am May 24, 2016 1:49am
Quoting PhilippineFX
{quote} Here is the perfect example of what Jakucha spelled out in post 7141.....a series of LH/LL`s got taken out by a solid HH/HL.....add the divergence and the electron magnet gap fill that will not be denied forever and you have a reversal........as you can see i got out way to early but honestly I do not care....this trade sets up the week firmly in the black but it pales compared to last Tuesdays 100 pip gap fill. Jakucha is so right.....stop worrying about repainting bricks[what ever that is] I am still using the same pimped renco Dee shared...
I get the LH being taken out by a HH, guess M1 gave you the heads up to enter when Renko 5 was still red. I will go through the left to see the "clues" Thanks.
Let it turn and find your entry.
  • #7,176
  • May 24, 2016 1:50am May 24, 2016 1:50am
Quoting jakucha
{quote}
You know
  • #7,177
  • May 24, 2016 1:54am May 24, 2016 1:54am
Quoting Intrepidpips
{quote} I get the LH being taken out by a HH, guess M1 gave you the heads up to enter when Renko 5 was still red. I will go through the left to see the "clues" Thanks.
In this case the m1 was not a factor...i use it mainly when price is stalled to keep me from trading out of boredom....the h1 and h4 are the go to charts
  • #7,178
  • May 24, 2016 1:57am May 24, 2016 1:57am
Quoting Stelah
{quote} one final question: see attached. do you look only for the sharp reversals (like you showed, HH into LL) or also for the less dramatic ones, like in my example, i.e. LH into LL? depends? or do you only trade the sharp ones? {image}
here for instance, what s happening right now on a renko 1.25 chart. (this is why ovo is so cool, with the remote you can switch so fast between brick sizes)

focus on the yellow box. you see the pattern you marked in your last post, right, going down from new high. but price has not taken out the source of the last high. we cannot know yet if the demand level will hold or not, we dont even know if we will revisit it, so what if you short it and it continues up right in your face? that's a painful and avoidable loss. the safest bet is to buy in this level with a tiny stop, and up we go. prices come back again and one more round up. until this is broken, i won t look for shorts. i could, but why bother and risk money on the wrong side?
Attached Image (click to enlarge)
Click to Enlarge Name: 06ee997147430f0ad16553c5238d74fa.png Size: 72 KB
Hidden in plain sight.
  • #7,179
  • May 24, 2016 2:05am May 24, 2016 2:05am
Quoting jakucha
{quote} here for instance, what s happening right now on a renko 1.25 chart. (this is why ovo is so cool, with the remote you can switch so fast between brick sizes) focus on the yellow box. you see the pattern you marked in your last post, right, going down from new high. but price has not taken out the source of the last high. we cannot know yet if the demand level will hold or not, we dont even know if we will revisit it, so what if you short it and it continues up right in your face? that's a painful and avoidable loss. the safest bet is to...
thanks, i get it now.
was just abou to post this one, when i saw your post. did not trade it, my internet was down for the past 15 minutes :X
price broke down, then retest of the marked level there and push down again. what i was talking about earlier with trade the levels inside the buy zone (sell zone in this case)

also, sorry for the ignorant question: who is lance? where can i find his work? (please dont hurt me )
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #7,180
  • May 24, 2016 2:07am May 24, 2016 2:07am
GER30 ongoing - The 10 pip chart makes the picture so much clearer, the key is not to act until you "know" wtf is going on. Let see if I can catch a retracement to 38.2 and 50.
P.S. I did take a short earlier from a 5 pip chart, and had to endure some DD(20 pips)..will post later. Best Josh
Attached Image (click to enlarge)
Click to Enlarge Name: GER ongoing.png Size: 141 KB
1 trader viewing now