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More simple is impossible

  • #7,261
  • Jun 1, 2016 11:01am Jun 1, 2016 11:01am
Quoting BugattiBoy
{image} Support at 18May, Oversold on Nihilist Trend Cycle, one green bar confirmation of support holding, Is my 20PIP target too small here guys? 10pip bricks
Considering you are in a well developed downtrend, i think you will need more of a case for a reversal that this. I would wait for a 123 if this level holds.
If a 123 develops, you will at least have a higher low, a more plausible trade and you can use the fib for targets.(retracement+extension confluence).
Just my 2 cents. GL
Best, Josh
  • #7,262
  • Jun 1, 2016 3:37pm Jun 1, 2016 3:37pm
Rationing my private power solution so I missed the rain, GU is so generous now, in anticipation of BREXIT, what I like about trading is whichever way the instrument goes, "Let it turn and find your entry"
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #7,263
  • Jun 1, 2016 3:52pm Jun 1, 2016 3:52pm
Quoting JoshuaHope
GER30 +17(3lots), many BE+2s,-10-12,+16+21. Not pretty, but I hit my daily target. My first trade, i opened 3 lots by error, but it worked out well. I will say one thing - I totally understand why Dee uses the 10 pip chart as his main chart...the 5 pip chart gets me into trouble and causes too much second guessing. My exits were crap on the last 2 trade, i should have held longer. However, I stupidly continued hoping for a 123 double, that I did not see the big picture anymore...i was just focusing on recovering the earlier loss. I ended up not...
Hope you don't mind my asking, what informed the first short, was it the Stoch in extreme on the REN 10 chart, it seems you marked that as #2 so I would assume you would wait for point #3, to go long?
Let it turn and find your entry.
  • #7,264
  • Jun 1, 2016 4:07pm Jun 1, 2016 4:07pm
my account so far 35 pips up ...will post when i know what I'm doing right now I'm just scalping and killing trades as soon as it goes 6 pips against me ....see the difference when you trade real account?? when i was simulating i let trades go 20 pips against me and then still decide if i should close the trade ..and most times it went in my favour .
  • #7,265
  • Jun 1, 2016 6:38pm Jun 1, 2016 6:38pm
Quoting bettervolume
my account so far 35 pips up ...will post when i know what I'm doing right now I'm just scalping and killing trades as soon as it goes 6 pips against me ....see the difference when you trade real account?? when i was simulating i let trades go 20 pips against me and then still decide if i should close the trade ..and most times it went in my favour .
I know that feeling all to well. I've been on vacation this week from the day job and have been trading my live account. Even though I'm only trading micro lots (10 cents a pip), the emotions that go along with real money are intense.

I'm really glad I switched over to a live account a few weeks ago. I'm learning a lot from my mistakes. I recommend every one do this when you feel like you have a grasp of the strategy.

I seem to have a problem pulling the trigger when I have a good trade setup. I freeze up and miss entries. I second guess myself and then get mad that I missed a great entry and will take an entry that isn't as good because the fear of missing out. I'm slowly correcting this problem. I was never aware of this problem until I moved to a live account.

Good thing is I'm positive for the week so far, and I'm learning a ton!
  • #7,266
  • Jun 1, 2016 7:32pm Jun 1, 2016 7:32pm
Quoting Intrepidpips
{quote} Hope you don't mind my asking, what informed the first short, was it the Stoch in extreme on the REN 10 chart, it seems you marked that as #2 so I would assume you would wait for point #3, to go long?
Hey Intrepidpips. I took the first short trade after a divergence formed on the 5 pip chart right at 50% retracement from 10375. I was expecting for a 123 to form after such a kick up, my target was brn and 38.2 fib retracement(very close) of this push up, but the price stalled at that point, so i closed manually. I decided on 38.2 as it was the safest bet. Best, Josh
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  • #7,267
  • Jun 2, 2016 2:27am Jun 2, 2016 2:27am
Quoting BugattiBoy
{image} Support at 18May, Oversold on Nihilist Trend Cycle, one green bar confirmation of support holding, Is my 20PIP target too small here guys? 10pip bricks
Your TP would have been hit by now

I was going against the HTF MACD and was supposed to exit as soon as the LTF MACD shows sign of turning but I lost internet connection and then was hoping for at least 4 pips which never came back again and gave so much away, I still favour shorts though so I wait.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: RENKO 166.png Size: 78 KB
Let it turn and find your entry.
  • #7,268
  • Jun 2, 2016 5:15am Jun 2, 2016 5:15am
What you get trading against the HTF MACD I missed the buy cos my neighbor wanted a word that stretched and stretched
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #7,269
  • Jun 2, 2016 7:24am Jun 2, 2016 7:24am
Dax 30....+2....+31
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  • #7,270
  • Jun 2, 2016 8:58am Jun 2, 2016 8:58am
Quoting Intrepidpips
What you get trading against the HTF MACD I missed the buy cos my neighbor wanted a word that stretched and stretched {image} {image}
I ditched GU for EU a lesser evil? but I was too battered to trade properly.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: RENKO 170.png Size: 90 KB
Let it turn and find your entry.
  • #7,271
  • Jun 2, 2016 10:26am Jun 2, 2016 10:26am
Still so emotional, and it clouds the vision, I'm seeing the big picture now, I just needed to wait and milk the cash cow.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: RENKO 172.png Size: 73 KB
Let it turn and find your entry.
  • #7,272
  • Jun 3, 2016 9:51am Jun 3, 2016 9:51am
Hey fellas. Haven't traded in a few, just observing Stochastic relations between 5 and 10. I got a snapshot tool also, to take picture of the charts each minute...so after the day, i can play frame by frame see the correlation.
Best, Josh
  • #7,273
  • Jun 3, 2016 11:57am Jun 3, 2016 11:57am
Quoting JoshuaHope
Hey fellas. Haven't traded in a few, just observing Stochastic relations between 5 and 10. I got a snapshot tool also, to take picture of the charts each minute...so after the day, i can play frame by frame see the correlation. Best, Josh
Whats your take so far Joshua?
I was thinking on exploring the same, as lately I've been nailed badly. Considering HTF is an option to give me more confidence in selecting direction of my trades, but still debating how to porcess this idea. What would be a fair rule to this. Maybe stochs on the other side of the 50% in the HTF, and then entry in stoch cycles in LTF.

Would be nice to see what you're thinking as we're looking at the same now.

Ohh boy, will learn to do this correctly, I'm determined.
  • #7,274
  • Jun 3, 2016 2:40pm Jun 3, 2016 2:40pm
my account went to 100 on the second day and then i made a blunder . i tried to trade gby usd and guess what ... i did not change the amount to 0.1 so i wiped out the 100 dollars in 1 trade ...in fact i am -4 ....hehe .....joshua keep posting i am learning from your charts....nice work keep it up
  • #7,275
  • Jun 3, 2016 2:42pm Jun 3, 2016 2:42pm
watch the 15 min chart together with rencos


Quoting cfabian
{quote} Whats your take so far Joshua? I was thinking on exploring the same, as lately I've been nailed badly. Considering HTF is an option to give me more confidence in selecting direction of my trades, but still debating how to porcess this idea. What would be a fair rule to this. Maybe stochs on the other side of the 50% in the HTF, and then entry in stoch cycles in LTF. Would be nice to see what you're thinking as we're looking at the same now. Ohh boy, will learn to do this correctly, I'm determined.
  • #7,276
  • Jun 3, 2016 3:08pm Jun 3, 2016 3:08pm
Quoting cfabian
{quote} Whats your take so far Joshua? I was thinking on exploring the same, as lately I've been nailed badly. Considering HTF is an option to give me more confidence in selecting direction of my trades, but still debating how to porcess this idea. What would be a fair rule to this. Maybe stochs on the other side of the 50% in the HTF, and then entry in stoch cycles in LTF. Would be nice to see what you're thinking as we're looking at the same now. Ohh boy, will learn to do this correctly, I'm determined.
Hey Cfabian,
Its too early to say, I am working on several theories, but I am not sure if it will a strictly rule "system". Dee referred to the whole concept as a "dance" or "feel".
I do believe that this concept is very important to the whole method, but not a stand alone trade tool, but must be used with everything else learned here. - Thats my theory so far. The key lies in the HTF Stoch(10), but there are clear challenges.What I am doing is taking pictures every 1 minute of whole sessions, then reviewing everything to see what can be seen and what dots connected. I pulled many things Dee said about this Stochastic inter-relation, and I am putting down on paper all I can conclude about it, then come up with theories and testing them on live and dead charts...trial and error. I am also testing some stuff from George C Lane Stoch PDF.
Best, Joshua
  • #7,277
  • Jun 3, 2016 3:32pm Jun 3, 2016 3:32pm
Quoting bettervolume
my account went to 100 on the second day and then i made a blunder . i tried to trade gby usd and guess what ... i did not change the amount to 0.1 so i wiped out the 100 dollars in 1 trade ...in fact i am -4 ....hehe .....joshua keep posting i am learning from your charts....nice work keep it up
I am sorry to hear that man, but i think in my humble opinion that you may be doing it in reverse.
Once you become "good" and steadily successful on a demo, you should only then start to think about psychological training by opening a small real account...not before.
What happens on a demo? I am guessing you take gamble trades or don't close when you should, move SLs in hopes of snapbacks? This is where you should make your training. Try convincing yourself its real money....and when you break a rule, ....pull out an eyebrow...or something like that...or you can wire your cahones to a car battery...if that doesn't do the trick i don't know what will. At least this will save you money. Thats my 2 cents.
Have a good weekend.
Best, Josh
  • #7,278
  • Jun 4, 2016 1:57am Jun 4, 2016 1:57am
no you don't understand ......i opened a 200 dollar account it went up to 300 dollars ....that means i made 100 pips in 1 day but i lost the 100 pips by forgetting to change to o.1 so now i have 196 dollars ....i have to start again

Quoting JoshuaHope
{quote} I am sorry to hear that man, but i think in my humble opinion that you may be doing it in reverse. Once you become "good" and steadily successful on a demo, you should only then start to think about psychological training by opening a small real account...not before. What happens on a demo? I am guessing you take gamble trades or don't close when you should, move SLs in hopes of snapbacks? This is where you should make your training. Try convincing yourself its real money....and when you break a rule, ....pull out an eyebrow...or something...
  • #7,279
  • Jun 4, 2016 3:12am Jun 4, 2016 3:12am
Quoting bettervolume
no you don't understand ......i opened a 200 dollar account it went up to 300 dollars ....that means i made 100 pips in 1 day but i lost the 100 pips by forgetting to change to o.1 so now i have 196 dollars ....i have to start again {quote}
My bad, I quick read the post. Good work then and I hope you can grow it steadily. As for the lot error...it happens, but its unlikely you will repeat the mistake.
  • #7,280
  • Jun 4, 2016 4:34am Jun 4, 2016 4:34am
Quoting JoshuaHope
{quote} My bad, I quick read the post. Good work then and I hope you can grow it steadily. As for the lot error...it happens, but its unlikely you will repeat the mistake.
I scalp for 5 and 10 pips and I kill the trade if it goes 6-10 against me ....
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