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  • #7,201
  • May 26, 2016 4:11am May 26, 2016 4:11am
Hello everyone. GER30 +35 +2 ongoing. I took 3 contracts here as I am trying to make up for those 3 SLs from yesterday. Key word trying. If my trade theory doesn't work out, the SL for 2 contracts is 7.5 x2, hitting my daily target of 50. Explanations and my logic on chart.
Best, Josh
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  • #7,202
  • May 26, 2016 6:03am May 26, 2016 6:03am
Ger30 +35 +35 - both my contracts went to SL, one came very close to target. I wasn't at my station. Overall a good trade for me. We will see what happens next. I am still bullish as no serious sign of fatigue are showing...yet. IMO
Best, Josh

Edit - ok, we are seeing shorter waves, but I am still looking for a LL, LH structure before considering short.
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  • #7,203
  • May 26, 2016 6:09am May 26, 2016 6:09am
Hello everyone !


It´s a long time that I´m looking for a good method to use in the DAX (GER30).

I saw that topic we have several experts in DAX here.

So..

What is the template used?
Indicators?

Can someone help me?
  • #7,204
  • May 26, 2016 6:24am May 26, 2016 6:24am
Quoting LuizSchiavi
Hello everyone ! Its a long time that Im looking for a good method to use in the DAX (GER30). I saw that topic we have several experts in DAX here. So.. What is the template used? Indicators? Can someone help me?
You can find all you need in the attachment button on the top right of the page. Questions - search bar on the left. My suggestion, read the thread for everything else.
Best, Josh
  • #7,205
  • May 26, 2016 8:26am May 26, 2016 8:26am
Ger30 +2+2+2+2-3-4+2+2+2+2 Well my afternoon was boring. I was trying to see if I could catch any more pips. Got a little reckless with my entries.
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  • #7,206
  • May 26, 2016 2:30pm May 26, 2016 2:30pm
Quoting JoshuaHope
Ger30 +35 +35 - both my contracts went to SL, one came very close to target. I wasn't at my station. Overall a good trade for me. We will see what happens next. I am still bullish as no serious sign of fatigue are showing...yet. IMO Best, Josh Edit - ok, we are seeing shorter waves, but I am still looking for a LL, LH structure before considering short. {image}
Its hard to say if this breather is a precursor to a reversal or a push to 10,500.......nice pips for you today in a tricky market
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  • #7,207
  • May 26, 2016 2:58pm May 26, 2016 2:58pm
Quoting PhilippineFX
{quote} Its hard to say if this breather is a precursor to a reversal or a push to 10,500.......nice pips for you today in a tricky market{image}
Thanks PhilippineFX. Trading in a such a strong trend is really strange. I am just happy i caught some pips, unlike yesterday. It is hard to say if we get a push to 10500, tomorrow will give us more clues. Best, Josh
  • #7,208
  • May 27, 2016 1:47pm May 27, 2016 1:47pm
Yesterday was bad as I got off to a good start, held on for too long and got 2 BEs so I got upset and abandoned Cable for the Beast and paid dearly, have to master my emotions cos cable still gave profitable signals later.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #7,209
  • May 27, 2016 2:11pm May 27, 2016 2:11pm
Stuck with the Beast today but I couldn't enter as the first move was pre-FO . then a 1,2,3 up pattern which MACD did not support failed so I went back to Cable my first love. I am seeing now that I just have to be prepared to take CT set-ups and the last trade was such. Several other profitable signals but I ran out of power.

I think I have come full circle on learning to trade with Renko sometimes I hear dee50's voice and it can't get simpler than this, - just a few more things to implement and I'm still ever so grateful to God I found this thread.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #7,210
  • May 27, 2016 3:15pm May 27, 2016 3:15pm
Quoting Intrepidpips
I got upset and abandoned Cable for the Beast and paid dearly {image}
have you wondered why people here trade indices ?
Renkos work better on them.
Have a nice day
  • #7,211
  • May 27, 2016 4:45pm May 27, 2016 4:45pm
Quoting billv
{quote} have you wondered why people here trade indices ? Renkos work better on them.
GBP/JPY would like to have a word with you.

Go check out Dee's charts when he was trading GBP/JPY. Market structure is market structure no matter what you trade.
  • #7,212
  • May 27, 2016 11:52pm May 27, 2016 11:52pm
Quoting lKeithStone
{quote} GBP/JPY would like to have a word with you. Go check out Dee's charts when he was trading GBP/JPY. Market structure is market structure no matter what you trade.
I don't recall saying anything about market structure.
IMO what we trade does matter, instruments behave in certain ways but Ok feel free to think otherwise.
Have a nice day
  • #7,213
  • May 28, 2016 12:41am May 28, 2016 12:41am
Quoting Intrepidpips
Stuck with the Beast today but I couldn't enter as the first move was pre-FO . then a 1,2,3 up pattern which MACD did not support failed so I went back to Cable my first love. I am seeing now that I just have to be prepared to take CT set-ups and the last trade was such. Several other profitable signals but I ran out of power. I think I have come full circle on learning to trade with Renko sometimes I hear dee50's voice and it can't get simpler than this, - just a few more things to implement and I'm still ever so grateful to God I found this thread....
Hey Intrepidpips.
I am very happy to see that your setup is working for you. One of your trades, the 123 caught my eye and i would like to share my view on it. I don't think that you jumped the gun. I have been researching 123s and in my humble opinion, the best way to separate the ones that work and ones that don't, is by gauging the momentum on the higher TF. Without momentum, 123s will fail. So basically, the best setup is if the STO on HTF goes into OB, then comes back, but stays above the 50 level.(or at least 30ish but then you might be looking for smaller extension) It usually starts showing a little kick at the end. On the lower tf, the STO usually goes all the way to OS, and once it pops back i look to take the trade. If it doesn't make it to OS(ltf), also good, maybe better.
It is a nice trick, and if you just look at the HTF momentum, you can expect a 123 to succeed or to fail. Looking at the STO on your 100 chart kinda gave the clue, as STO was clearly "weak". Considering this, you could have disqualified your long trade, and potentially prepared for a short. Dee spoke about this earlier on in the thread, i have used it and it works rather well. I know its easy to be the general after the battle, but it is something worth looking out for as it will reduce bad trades. I hope you don't take my interpretation the wrong way, not trying to be a smarta$$. Green Pips friend.
Best, Josh
  • #7,214
  • May 28, 2016 1:01am May 28, 2016 1:01am
Quoting billv
{quote} have you wondered why people here trade indices ? Renkos work better on them.

Renko works on all instruments, you just have to find out what to look for.
I believe it's the low pip value and the high ADR of the DAX that attracts peopl\e here to trade it, for instance Standard lot size on GBPUSD is $10 per pip, while Standard lot size on DAx is $1.1 so when you get to lot size 100 on DAX you have just equaled 11 in GBPUSD.
I am trading micro lots atm but I might take on DAX when my Money management allows me to trade up to $1.1 per pip, because on the average You can always catch more pips with DAX when you have gained competence.
Let it turn and find your entry.
  • #7,215
  • May 28, 2016 1:05am May 28, 2016 1:05am
Quoting JoshuaHope
{quote} Hey Intrepidpips. I am very happy to see that your setup is working for you. One of your trades, the 123 caught my eye and i would like to share my view on it. I don't think that you jumped the gun. I have been researching 123s and in my humble opinion, the best way to separate the ones that work and ones that don't, is by gauging the momentum on the higher TF. Without momentum, 123s will fail. So basically, the best setup is if the STO on HTF goes into OB, then comes back, but stays above the 50 level.(or at least 30ish but then you might...
Okay pal have not really started trading the 1,2,3 pattern in earnest as it is not too common on GBPUSD, what is common in Cable is Double tops and bottoms patterns, but I will note that when I move on to DAX
Let it turn and find your entry.
  • #7,216
  • May 29, 2016 3:26am May 29, 2016 3:26am
have been pondering lately about something . Is there anyone that was on this thread who learnt to trade like dee successfully .....and if not why not???? I mean he shows all his trades and gives reasons for taking the trades .....why can no one trade like him hmmmmmmmm. Maybe he should show us why he doesn't take some trades ..
  • #7,217
  • May 29, 2016 4:47am May 29, 2016 4:47am
Quoting bettervolume
have been pondering lately about something . Is there anyone that was on this thread who learnt to trade like dee successfully .....and if not why not???? I mean he shows all his trades and gives reasons for taking the trades .....why can no one trade like him hmmmmmmmm. Maybe he should show us why he doesn't take some trades ..
Tons of experience and training the eye. There are people that have adapted his method and are trading successfully, ex. PhilippineFX. I don't think you will get the chance to ask Dee anything as he appears to have left the board. What I can say personally, is that I have greatly improved my trading over the past few months using Dee's method. I see it like this - if you give a race car to somebody that can barely drive, you cant expect them to drive the car like a pro would and make record lap times. It takes time, hard work, practice and dedication before your lap times are close to that of a pro driver. - Same thing here. Of course, this is only my opinion.
Best, Josh
  • #7,218
  • May 29, 2016 4:58am May 29, 2016 4:58am
Quoting bettervolume
have been pondering lately about something . Is there anyone that was on this thread who learnt to trade like dee successfully .....and if not why not???? I mean he shows all his trades and gives reasons for taking the trades .....why can no one trade like him hmmmmmmmm. Maybe he should show us why he doesn't take some trades ..
IMO, Dee's performance cannot be duplicated because it is very likely not real. Trading without losses is simply impossible, the sooner you accept this fact the better. If you are trying to trade the way he did - without losses and nailing the entry 99% of the time - you are setting yourself up for failure and disappointment.
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,219
  • May 29, 2016 5:06am May 29, 2016 5:06am
Quoting bettervolume
have been pondering lately about something . Is there anyone that was on this thread who learnt to trade like dee successfully .....and if not why not???? I mean he shows all his trades and gives reasons for taking the trades .....why can no one trade like him hmmmmmmmm. Maybe he should show us why he doesn't take some trades ..
It is the last thing you should interest about.... the main priority is be profitable every day, every single day to keep your mind cool because you know that you can make money everyday not only in "lucky days" as 90% of traders hopes a believes. That is idea of Dees trading, not his patterns or analysis, I have bTested thousands of hours with Dees know-how in my renko charts and I can with absolutely certainty say that there is no magic pattern or combination of patterns which will be always 100% win, just it is not possible. Same, I do not believe that Dee posted there all his trades, I think he has far more lose trades as he showed us, but who cares ? If you care about loses, you will be looser, if you care about winns you will be winner, thats my ideology, and still I think that nobody is so "opened" with his lose trades so much as with his winns.

So take the main idea of Dees trading and improve it to your style like Philippine did it, that is the way.
  • #7,220
  • May 29, 2016 5:08am May 29, 2016 5:08am
Quoting JoshuaHope
Ger30 +2+2+2+2-3-4+2+2+2+2 Well my afternoon was boring. I was trying to see if I could catch any more pips. Got a little reckless with my entries. {image}

All these BE's +2, what would have happened to these positions if you had not moved your stop? would they have ended as a loss or a bigger profit? Would they, collectively, have been a net loss or win?
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