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  • #7,301
  • Jun 7, 2016 10:58am Jun 7, 2016 10:58am
Quoting bettervolume
why is dax so dead all my trades today I lost on dax and made it up on gbpy jpy
Hardly dead, it made a 170+ pip move up this morning, but looks like it ran out of steam. Now looks like a 123 reversal, if my theory is correct. It was dead yesterday as we had a consolidation day.
Best, Josh
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  • #7,302
  • Jun 7, 2016 1:52pm Jun 7, 2016 1:52pm
yeah i think i wake up too late to catch the moves when i got to the computer the move was done

Quoting JoshuaHope
{quote} Hardly dead, it made a 170+ pip move up this morning, but looks like it ran out of steam. Now looks like a 123 reversal, if my theory is correct. It was dead yesterday as we had a consolidation day. Best, Josh {image}
  • #7,303
  • Jun 7, 2016 4:03pm Jun 7, 2016 4:03pm
Quoting bettervolume
yeah i think i wake up too late to catch the moves when i got to the computer the move was done {quote}
Time to get an alarm clock mate .
Best, Josh
  • #7,304
  • Jun 7, 2016 4:17pm Jun 7, 2016 4:17pm
Quoting lKeithStone
{quote} I've settled on the JRSX and Stoch indicator's. The JRSX really helps me gauge strength and spot divergences better than the mac-d (if it's above or below the 0.5 level the swing has more strength, and if it's within the 0.5 levels it's weak.) I like to see weak pullbacks and hop on for the ride. I agree that the stoch can give repetitive clues as to what price is doing. .
Hey Keith, please post examples of what you mean by weak pullpacks, thanks,
Let it turn and find your entry.
  • #7,305
  • Jun 7, 2016 4:19pm Jun 7, 2016 4:19pm
Quoting JoshuaHope
{quote} Time to get an alarm clock mate . Best, Josh
Night was so cold I didn't hear my alarm this morning.
Let it turn and find your entry.
  • #7,306
  • Jun 7, 2016 6:48pm Jun 7, 2016 6:48pm
Quoting Intrepidpips
{quote} Hey Keith, please post examples of what you mean by weak pullpacks, thanks,
Hey Intrepidpips, this is what I mean by weak pullbacks. The indicator shows signs of weakness/strength. Hopefully that makes sense.
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  • #7,307
  • Jun 7, 2016 10:16pm Jun 7, 2016 10:16pm
Quoting Intrepidpips
{quote} Hey Keith, please post examples of what you mean by weak pullpacks, thanks,
Here is a little more detail. I add each swing together to estimate what the next swing could do (along with reading price action HH HL LH LL).

For example:
Moderate down - Weak up = Short
Strong up - Strong down - Weak up = Short

Again, this all makes sense in my head so hopefully it's coming across correctly.
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  • #7,308
  • Jun 8, 2016 2:09am Jun 8, 2016 2:09am
Quoting lKeithStone
{quote} Here is a little more detail. I add each swing together to estimate what the next swing could do (along with reading price action HH HL LH LL). For example: Moderate down - Weak up = Short Strong up - Strong down - Weak up = Short Again, this all makes sense in my head so hopefully it's coming across correctly. {image}
Thanks, I see you are no longer a captain America fan

What I get is once you determine a bias, you use the JRSX to gauge if the pull back is temporary as in the bias is going to resume by how far the reading is -below 0.5 means the bias is likely ending, and above 0.5 means the move is likely resuming.
Something like that?
Let it turn and find your entry.
  • #7,309
  • Jun 8, 2016 2:18am Jun 8, 2016 2:18am
Ger30 +20 - went in for a quick 20.... I missed a second entry as I was annotating the chart..oh well. I did not follow the Divergence at BRN as I felt my 123 setup i posted yesterday was still in effect. Once it failed, i got in. I am also looking to replace the MACD, maybe with something more visual...or improve my language reading skills as sometimes i don't hear well what this one is saying. Best, Josh
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  • #7,310
  • Jun 8, 2016 3:46am Jun 8, 2016 3:46am
Quoting Intrepidpips
{quote} Thanks, I see you are no longer a captain America fan What I get is once you determine a bias, you use the JRSX to gauge if the pull back is temporary as in the bias is going to resume by how far the reading is -below 0.5 means the bias is likely ending, and above 0.5 means the move is likely resuming. Something like that?
Something like this, I took a short from Renko 5 but agonized that my entry was 15 pips after the descent started, got out as my system was freezing (must have been internet connection)

I drilled down to the Renko 2.5 to see how the JRSX would look with your explanation it looks like I would have been done with trading profitably for the day.
Tell me what you think?
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Let it turn and find your entry.
  • #7,311
  • Jun 8, 2016 4:07am Jun 8, 2016 4:07am
Quoting lKeithStone
{quote} Hey Intrepidpips, this is what I mean by weak pullbacks. The indicator shows signs of weakness/strength. Hopefully that makes sense. {image}
Do you think this can help catch tops and bottoms?
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Let it turn and find your entry.
  • #7,312
  • Jun 8, 2016 4:59am Jun 8, 2016 4:59am
Quoting Intrepidpips
{quote} Do you think this can help catch tops and bottoms? {image} {image}
I might be on to something here, because the MMs give the big dogs discounts and those areas I think are the turning points in the market and our clues to jumping in is divergence in the HTF and LTF, you can check your HTF charts (especially Renko 10) and see if you can spot the ping pong.
It does not repeat every single day but I'm seeing that before most of the big moves, prices are either pushed up higher for a great fall or pushed lower for a great rally.
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Let it turn and find your entry.
  • #7,313
  • Jun 8, 2016 6:10am Jun 8, 2016 6:10am
Quoting JoshuaHope
{quote} Hey Friska, good to see you mate. I am not sure you remember me as I didn't actively post much earlier in the thread, but I have read your post here and really like your trade logic. Best, Joshua
hey!
of course I remember buddy!!
I see you're doing well here, keep it up !!
nescentia necat
  • #7,314
  • Jun 8, 2016 12:01pm Jun 8, 2016 12:01pm
Quoting lKeithStone
{quote} Here is a little more detail. I add each swing together to estimate what the next swing could do (along with reading price action HH HL LH LL). For example: Moderate down - Weak up = Short Strong up - Strong down - Weak up = Short Again, this all makes sense in my head so hopefully it's coming across correctly. {image}
I have been testing Davit's Pivots this week, and so far it looks sweet.
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  • #7,315
  • Jun 9, 2016 2:18am Jun 9, 2016 2:18am
Dax,,.....+40 +12
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  • #7,316
  • Jun 9, 2016 2:23am Jun 9, 2016 2:23am
Ger30 +47
Before taking this, i was debating about what is happening on the chart. There were two scenarios that i saw. Now, yesterday we had a failure to launch from a 38.2% retracement leading to a big 123 down. This took us to 61.8% retracement where we were this morning.(also 127% ext of the big 123)
So if, the uptrend was to continue, this would be the area the PA should show some signs of bullishness. I saw none, but only bearish signals. The logical target then became the 161.8% extension of 123 and 200%(i only used one contract so 161.8 at BRN was used).

Also, please note - and I say this with no ego - i did fail to act on the big 123 yesterday as I saw too late what was happening....but getting better at seeing.
I was looking for a 123 up, but conditions to take the trade never came, and when i saw whats happening, i was too slow to respond.

Best, Josh
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  • #7,317
  • Jun 10, 2016 3:14am Jun 10, 2016 3:14am
now that I have traded dax live I can only say this ...I don't think you can trade with renkos only you must also look at your time charts because there is a lot of ambiguity in the renkos ....a double bottom can also be a 123 ...how can you judge with renkos only the direction of the market ..???? I really don't know how dee50 does it ....but with time bars you can see a wide bar and a narrow bar .....everytime I took a trade with renkos only I lost money but when I look at the time charts together with renkos I made money
  • #7,318
  • Jun 10, 2016 3:37am Jun 10, 2016 3:37am
Ger30 +40 +46 - I had to leave the house so I rushed my entries - made on 1 min after a pin bar. I was expecting it to turn here and wanted to get in before I go. I should have waited for confirmation, close below ma with macd in red. I was late for the initial move as it was. I set my TPs to the next pivot and left, came back to profit. In retrospect, despite how well this worked out, it was undisciplined in both entry and exit. I should have waited for confirmation for entry and I should have estimated my TPs better. I made the decision for the TP on the smaller TF chart. Lesson for me here is that when trading, focus on trading, not other crap.
I decided to add the pivots to my charts as GER30 seems to follow them very well.
Best, Josh
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  • #7,319
  • Jun 10, 2016 4:02am Jun 10, 2016 4:02am
Quoting bettervolume
now that I have traded dax live I can only say this ...I don't think you can trade with renkos only you must also look at your time charts because there is a lot of ambiguity in the renkos ....a double bottom can also be a 123 ...how can you judge with renkos only the direction of the market ..???? I really don't know how dee50 does it ....but with time bars you can see a wide bar and a narrow bar .....everytime I took a trade with renkos only I lost money but when I look at the time charts together with renkos I made money
Hey Bettervolume,
If you make money that way, thats what you should focus on and thats whats important. I think Dee also had a regular chart open on the side to look for pin bars etc.
-A double bottom can not be a valid 123 in my book, if the retracement is far bellow 61.8%, i would re-evaluate my 123 theory and whats going on on the chart.
Ultimately, its important to take pips.
Best, Josh
  • #7,320
  • Edited 4:36am Jun 10, 2016 4:24am | Edited 4:36am
GER30 +25 Went in for a quicky. I got in a second too late, but market started to move fast. I got out as i started seeing a second divergence print on the htf and ltf, both STO were OS. Wanted to secure profits.
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