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  • #7,761
  • Oct 20, 2016 1:27am Oct 20, 2016 1:27am
Quoting cfabian
{quote} Are you still paying attention to DOW? It moves better.
Hi cfabian,

I have never traded or even looked at the DOW. Tell me, when do you trade the DOW? Only during the US session? I ask cos I have in the past seen that some people trade the DOW outside the US session (not quite sure how that works as the US markets are close then) I guess via CFD's this is possible?

Thanks
  • #7,762
  • Oct 20, 2016 8:29am Oct 20, 2016 8:29am
Quoting mor707
{quote} Hi cfabian, I have never traded or even looked at the DOW. Tell me, when do you trade the DOW? Only during the US session? I ask cos I have in the past seen that some people trade the DOW outside the US session (not quite sure how that works as the US markets are close then) I guess via CFD's this is possible? Thanks
I trade mainly US session because it's my natural time zone. Some times I look at the charts in the evening, in asian sesion, and DOW tends to move as well. It is possible to trade CFDs this time with FXCM (not the DAX).
  • #7,763
  • Oct 20, 2016 8:31am Oct 20, 2016 8:31am
Quoting cfabian
{quote} I trade mainly US session because it's my natural time zone. Some times I look at the charts in the evening, in asian sesion, and DOW tends to move as well. It is possible to trade CFDs this time with FXCM (not the DAX).
Thanks
  • #7,764
  • Oct 21, 2016 1:50am Oct 21, 2016 1:50am
I did a search in this thread for all of Dee's posts which mentions the term "cycle". I am studying it again now and only now is it starting to make sense to me. I attach it here, maybe it could be of benefit to somebody.

Regards

Attached File(s)
File Type: pdf Renko Cycle trading summary.pdf   2.8 MB | 980 downloads
  • #7,765
  • Oct 21, 2016 3:17am Oct 21, 2016 3:17am
Quoting mor707
I did a search in this thread for all of Dee's posts which mentions the term "cycle". I am studying it again now and only now is it starting to make sense to me. I attach it here, maybe it could be of benefit to somebody. Regards {image}
thank-you...
  • #7,766
  • Oct 21, 2016 12:03pm Oct 21, 2016 12:03pm
Quoting mor707
I did a search in this thread for all of Dee's posts which mentions the term "cycle". I am studying it again now and only now is it starting to make sense to me. I attach it here, maybe it could be of benefit to somebody. Regards {image}

Thanks
The way I interpret cycles is a confirmation of HH, HL, LL, LH, and then trade according to that.

To be honest I have been struggling to execute what I think.
  • #7,767
  • Oct 21, 2016 12:26pm Oct 21, 2016 12:26pm
Quoting cfabian
{quote} Thanks The way I interpret cycles is a confirmation of HH, HL, LL, LH, and then trade according to that. To be honest I have been struggling to execute what I think.
Nobody would write it better, it is exactly as you wrote - finding the point with highest probabilities for being turn over point. The lower probabilities are, the lower will your TP be or from the other view - runner = high probabilities, scalp = low probabilities.
  • #7,768
  • Oct 21, 2016 4:35pm Oct 21, 2016 4:35pm
Quoting cfabian
{quote} Thanks The way I interpret cycles is a confirmation of HH, HL, LL, LH, and then trade according to that. To be honest I have been struggling to execute what I think.
This has been a very trying market lately to "trade what we think".....watching the dax range 30 pips+- for 5-6 hours during what used to be prime time is testing resolve to the max...I have been watching far too many episodes of The Walking Dead on the second monitor waiting for something to happen.....yesterday I convinced myself of a move to the downside, entered on a 1234 and watched price form a mini range of +- 10 pips for over 30 minutes.... Was lucky to close for -4 before it headed back up yet again.....that was my one trade the past 3 days.....At the moment I can not "see" a damn thing that looks like real momentum......Dee could make a bit of sense in this market now but not me.....for now I will sit on my hands and wait for the US to decide what kind of Senate[and supreme court] they want. After that the markets should get back to their free-flowing ways so we can get a few good weeks of trading in before the Xmas break
  • #7,769
  • Oct 21, 2016 5:39pm Oct 21, 2016 5:39pm
Quoting PhilippineFX
{quote} This has been a very trying market lately to "trade what we think".....watching the dax range 30 pips+- for 5-6 hours during what used to be prime time is testing resolve to the max...I have been watching far too many episodes of The Walking Dead on the second monitor waiting for something to happen.....yesterday I convinced myself of a move to the downside, entered on a 1234 and watched price form a mini range of +- 10 pips for over 30 minutes.... Was lucky to close for -4 before it headed back up yet again.....that was my one trade the...
Same situation from my view, the market is absolutely un-predictible and it is about week now I think, maybe more ? Even if Dee style of trading and analyse is pretty accurate and Dee is able to cover the most of situations/conditions of the market, I am sure that during days like these he sits on his hands as well.
  • #7,770
  • Edited 2:10pm Oct 23, 2016 1:58pm | Edited 2:10pm
This week was really a little bit difficult, could make at least 5+ pips per day but it was not so easy.
First trade on friday was 4.7 pips ..... closed to early so I had to make a second trade, looked bad at the beginning but worked at the end. Made 7.4 pips, but like all of you said, it was not a very good week, thats also why I was trading renko 3 most of the time.
Best day was thursday, made 7.5 pips in the morning before work....... when I reach my goal on live account and I have time after work, I train further on a demo, and I did that on thursday. Was trading the move from 10600 to 10750 and made around 60 pips........ BUT it was on demo , I dont post charts from a demo, and when I wanted to copy my trades on friday it was not possible because the demo expired. But its no problem reached my goal and thats ok.
Attached Image (click to enlarge)
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  • #7,771
  • Oct 23, 2016 4:51pm Oct 23, 2016 4:51pm
Quoting erkro
This week was really a little bit difficult, could make at least 5+ pips per day but it was not so easy. First trade on friday was 4.7 pips ..... closed to early so I had to make a second trade, looked bad at the beginning but worked at the end. Made 7.4 pips, but like all of you said, it was not a very good week, thats also why I was trading renko 3 most of the time. Best day was thursday, made 7.5 pips in the morning before work....... when I reach my goal on live account and I have time after work, I train further on a demo, and I did that on...
Well done..........i would add a thumbs up smiley face here but that feature seems to have vanished here....or rather i must have deleted it.....anyone know how to bring it back....
  • #7,772
  • Oct 24, 2016 6:21am Oct 24, 2016 6:21am
Quoting PhilippineFX
{quote} Well done..........i would add a thumbs up smiley face here but that feature seems to have vanished here....or rather i must have deleted it.....anyone know how to bring it back....
Thanks!
I was also looking for the smilies, found it in the left corner below the text field.
  • #7,773
  • Oct 24, 2016 6:43am Oct 24, 2016 6:43am
Quoting erkro
{quote} Thanks! I was also looking for the smilies, found it in the left corner below the text field.
.....never got the memo from ff...lol
  • #7,774
  • Oct 25, 2016 4:24am Oct 25, 2016 4:24am
Quoting PhilippineFX
{quote} .....never got the memo from ff...lol
Smilies are not so important, you make a lot of pips, thats much better!
Could not trade in the morning, made now 9 pips, but closed too early..... was unsure because of the last days, but pips are pips.
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  • #7,775
  • Oct 25, 2016 11:54am Oct 25, 2016 11:54am
Trades from today...
As you said, last days have been annoying.
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  • #7,776
  • Oct 26, 2016 2:10am Oct 26, 2016 2:10am
Quoting cfabian
Trades from today... As you said, last days have been annoying. {image}
  • #7,777
  • Oct 26, 2016 2:21am Oct 26, 2016 2:21am
+20 pips, ready for today.
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  • #7,778
  • Oct 28, 2016 2:49am Oct 28, 2016 2:49am
I avoid to trade the first hour of the Dax, but today it was a mistake, was late but it is ok.
+27 pips and pips are pips. :-)
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  • #7,779
  • Oct 28, 2016 5:13am Oct 28, 2016 5:13am
Quoting erkro
I avoid to trade the first hour of the Dax, but today it was a mistake, was late but it is ok. +27 pips and pips are pips. :-) {image}
Looks like a perfect entry to me.......waited for the trend to establish.......entered after a retrace....then exited with 60% of the move before price reversed.......lots to like about this trade.....
  • #7,780
  • Oct 28, 2016 5:25am Oct 28, 2016 5:25am
Quoting PhilippineFX
{quote} Looks like a perfect entry to me.......waited for the trend to establish.......entered after a retrace....then exited with 60% of the move before price reversed.......lots to like about this trade.....
Thanks!
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