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More simple is impossible

  • #7,741
  • Oct 11, 2016 8:00pm Oct 11, 2016 8:00pm
Quoting Matomi
In these thread are not any entry and exit rules, only probabilities and discrete approach.
Nailed it. Do some reading and some charting, and try to find what works for you. Personally, I've slightly modified my normal approach to the H1+ charts and mixed it with a bit of what PhilippineFX does. So far so good.
Picked up another 1.88R just before bed on the EURUSD 2 pip renko:
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Confluence is king.
  • #7,742
  • Oct 12, 2016 7:16am Oct 12, 2016 7:16am
Quoting dee50
EU +30 +2 +30 +30. Draghi News. Ongoing short @B/E +2. Same as yesterday waited for the news, so I missed all of that nice run down, never mind, I did some gardening instead. {image}
hi nice nice renko thread...does somebody know where can i find those buy sell and close buttons, please?
First rule is not to lose. Second rule is not to forget the first rule...
  • #7,743
  • Oct 13, 2016 5:43am Oct 13, 2016 5:43am
Hi everyone this is an awesome thread I woukd like to know can divergence with renkos work well
  • #7,744
  • Oct 13, 2016 5:44am Oct 13, 2016 5:44am
Dax +20 and BE+2.......there`s the 100+ pip overnight gap between the yellow lines.....filling the gap would go against the trend on the Ren 10 and 20....no really move to threaten taking it out..... watch and wait...
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  • #7,745
  • Oct 13, 2016 10:13am Oct 13, 2016 10:13am
A trade from today. Total of +75 pips.

Phill, you regularly trade breakouts? I've been trying them, with somewhat good result, however, I may have aweful drawdowns, or loses due "novice checks"
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  • #7,746
  • Oct 13, 2016 1:16pm Oct 13, 2016 1:16pm
Dax scalping recap for yesterday:
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And for today:
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Confluence is king.
  • #7,747
  • Oct 13, 2016 5:12pm Oct 13, 2016 5:12pm
Quoting cfabian
A trade from today. Total of +75 pips. Phill, you regularly trade breakouts? I've been trying them, with somewhat good result, however, I may have awful draw-downs, or loses due "novice checks" {image}
Breakouts are tricky.....more head fakes then a college football game. Yesterday was classic. I sat and watched price hover below the gap all day or should I say until i could not keep my eyes open here. While I was sleeping it took out a good chunk of the gap but at a snails pace. The trick on breakouts is you have to be ready to close at the first sign of re-trace. You may get left behind at first but there will always be another re-entry eventually....The scary thing about breakouts is you are going against stochs and macd ......flying in the face of what works when scalping the range. I don`t know about anyone else but yesterday[today for you non asia dwellers] was tough to figure
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  • #7,748
  • Oct 13, 2016 5:22pm Oct 13, 2016 5:22pm
Quoting cfabian
A trade from today. Total of +75 pips. Phill, you regularly trade breakouts? I've been trying them, with somewhat good result, however, I may have aweful drawdowns, or loses due "novice checks" {image}
Nice trade on the DOW........how do you find it overall compared to the Dax??
  • #7,749
  • Oct 13, 2016 6:13pm Oct 13, 2016 6:13pm
Quoting PhilippineFX
{quote} Nice trade on the DOW........how do you find it overall compared to the Dax??
I like it very much. Moves better in my time zone (I'm in Mexico), and also leads the way to DAX. So I tend to trade both at the same time. The thing is that is has bit more spread, but higher ATR as well.
  • #7,750
  • Oct 14, 2016 4:12am Oct 14, 2016 4:12am
Turned on the computer just in time to see yesterdays gap was filled.....
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  • #7,751
  • Edited 8:12am Oct 14, 2016 7:57am | Edited 8:12am
My 3 trades today morning before work :-) Bias up so search for longs.
Total -15 +30 +30.
1st SL was my fault. Didnt take care about a clear resist at 10470 zone and search for a 3rd HH-HL leg. I should cut my loose a bit earlier.
2nd bought a PB Pivot+BRN and TP on yesterday pivot.
3rd bought a PB Support ( before Res at 10470 ) TP BRN.
Last 2 BE+2 and let run till TP ( working on my patience )

Yet on demo but working to improve my triggers. I have to much DD.
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  • #7,752
  • Oct 14, 2016 8:34am Oct 14, 2016 8:34am
First ever trade on the Dow30...+24
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  • #7,753
  • Oct 14, 2016 8:07pm Oct 14, 2016 8:07pm
Dax recap for Friday. (Renko 3 chart)
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Confluence is king.
  • #7,754
  • Oct 16, 2016 5:11pm Oct 16, 2016 5:11pm
Quoting Jaquemate
{quote} Congratulations. Its just the beginning. Regards
..do you still trade "more simple is impossible" with renko 10 bricks and 100 EMA, Nihilist and TrendCCI?
my opinion is that 10 bricks is too less for example GPDUSD!
And has anybody programmed an alert/arrow for buy selling entries?
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Vucking good EA coder... https://t.ly/AZjRM
  • #7,755
  • Oct 17, 2016 10:26pm Oct 17, 2016 10:26pm
Daily Recap for Monday. Not a good day for ABCDs. Gap never quite filled.
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Confluence is king.
  • #7,756
  • Oct 18, 2016 12:37am Oct 18, 2016 12:37am
Quoting Liquidity
Daily Recap for Monday. Not a good day for ABCDs. Gap never quite filled. {image}
Looks like you were buying into a declining market =/
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,757
  • Oct 19, 2016 1:43am Oct 19, 2016 1:43am
Trading is a game of probabilities, not absolutes. I get a few PM`s from members asking for the signals I use to get into a trade.To be honest I have no black box of signals to share. What the trade does always start with is a look at the HTF charts, mainly the 1 and 4 hour. Here`s the Dax 1 hour chart taking us back to Friday. Smack in the middle of this ranging chart is yesterdays unfilled gap. Resistance seems solid for now at 10,650. The gap is firmly in the range. Is it an absolute that the gap will be filled today or even tomorrow....NO. But the Probability is solid and if price makes a clean move south then 10,500 is a realistic target
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  • #7,758
  • Oct 19, 2016 4:38am Oct 19, 2016 4:38am
The best NON-trading term I can use to describe Dax price action at the moment is CONSTIPATED.
  • #7,759
  • Oct 19, 2016 7:50am Oct 19, 2016 7:50am
Quoting PhilippineFX
The best NON-trading term I can use to describe Dax price action at the moment is CONSTIPATED.
LOL I thought it was me :-)
  • #7,760
  • Oct 19, 2016 10:35am Oct 19, 2016 10:35am
Quoting PhilippineFX
The best NON-trading term I can use to describe Dax price action at the moment is CONSTIPATED.
Are you still paying attention to DOW? It moves better.
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