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More simple is impossible

  • #8,021
  • Jan 4, 2017 10:27am Jan 4, 2017 10:27am
Quoting Tanveer87
{quote} DAX stands for?
It is the German Stock Index.
Invincibility lies in the defence; the possibility of victory in the attack
  • #8,022
  • Jan 4, 2017 6:49pm Jan 4, 2017 6:49pm
Hello, could someone help me setup the chart in Mt5 to follow this method?

Tks
  • #8,023
  • Jan 5, 2017 4:04am Jan 5, 2017 4:04am
Dax30...49.2 pips....tripple bottom and 123 on renco3. I am ready for today.
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  • #8,024
  • Edited 7:48am Jan 5, 2017 4:12am | Edited 7:48am
Quoting Matomi
XAU +20 +10 From the all things in the world like spinach, mushrooms, work, stupid people... I HATE MOST WHEN THE PRICE MISS MY TP FOR 2 PIPS SPREAD ! Just I had to leave it alone with SL on BE and see what happend.... closed manualy when I came back. {image}
Top as always!
  • #8,025
  • Jan 5, 2017 5:18am Jan 5, 2017 5:18am
To me Dax is now in consolidation mode. She has to find place where to rest before jumping up again with Dow's new record over 20.000.
Per aspera ad astra
  • #8,026
  • Jan 5, 2017 5:27am Jan 5, 2017 5:27am
Anyone here can answer me? How can i back test the renko in strategy tester?
  • #8,027
  • Jan 5, 2017 5:29am Jan 5, 2017 5:29am
Quoting Tanveer87
Anyone here can answer me? How can i back test the renko in strategy tester?
If you bothered to read the thread, you would already know the answer.
Invincibility lies in the defence; the possibility of victory in the attack
  • #8,028
  • Jan 5, 2017 9:50am Jan 5, 2017 9:50am
Can't really complain, I have been doing alright trading the DAX lately. (+60)
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Invincibility lies in the defence; the possibility of victory in the attack
  • #8,029
  • Jan 6, 2017 4:07am Jan 6, 2017 4:07am
Quoting BBalazs
Can't really complain, I have been doing alright trading the DAX lately. (+60) {image}
Nice trading buddy It seems like you trade last swing breaks, how it works for you ?
  • #8,030
  • Jan 6, 2017 4:17am Jan 6, 2017 4:17am
Quoting Matomi
{quote} Nice trading buddy It seems like you trade last swing breaks, how it works for you ?
Yep, although I pay attention to the overall price structure on the 10 point Range Bar chart. It is a pretty neat strategy, works alright. I manage to stay out of the nasty consodilations most of the time. The issue of TP remains however, it is difficult to get it right so I usually stick with R:R 3:1.
Invincibility lies in the defence; the possibility of victory in the attack
  • #8,031
  • Jan 6, 2017 7:49am Jan 6, 2017 7:49am
Nice ones BBalazs !!

Mine today, 16 pips, very quiet, so down to Renco 1. A bit lucky in the exit :-)
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  • #8,032
  • Jan 6, 2017 8:18am Jan 6, 2017 8:18am
XAU +12 +17 +6

And I am done for today. I logged in at morning and see that mess, so I checked calendar and here we are - several high impact news at 2:30, so why not make it easier, I logged in again at 2:28 and grabbed pips within half an hour, this is what I call trading. Btw, check what I wrote few posts back about fundamental analysis, this is exact example of it.
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  • #8,033
  • Jan 6, 2017 8:21pm Jan 6, 2017 8:21pm
Looks like you guys are doing well.....high winds here took out half the city`s dsl on tuesday including mine.....waiting patiently for the internet gods here to get around to my house in the sticks....2 weeks off over xmas now this....oh well....as they say the next trade is just around the corner..
.....here is a cool quote i tripped over a while ago.....keep up the good work....

"You must get in and get out. This is not about making a lot of money on an individual trade. If you made a thousand trades in a year -- which is very attainable -- and didn't make any trades winning over 2 or 3 points, you would make a very nice living for yourself. I'd expect you to probably do even a little bit better. But I'm telling you, it's not about making a lot of money on one trade. All you want to do is have successful trades. It takes discipline to wait for the right time. Get in, and get the [heck] out of the way.".....Dick Diamond
  • #8,034
  • Jan 6, 2017 8:42pm Jan 6, 2017 8:42pm
Excellent advice PhillipineFX , thank you.
"Define the risk OUT of your trade"--Mark Douglas
  • #8,035
  • Jan 6, 2017 9:51pm Jan 6, 2017 9:51pm
Quoting GreenEarth
Excellent advice PhillipineFX , thank you.

You are very welcome.....here is another one that sounds like it may have come from Art of War......i see it in context to the constant changing of conditions market conditions...

""The day will come when the enemy will be be someone else, look like someone else and you will be the dinosaur"""

***** my internet just returned...*****
  • #8,036
  • Jan 6, 2017 9:56pm Jan 6, 2017 9:56pm
Quoting PhilippineFX
{quote} You are very welcome.....here is another one that sounds like it may have come from Art of War......i see it in context to the constant changing of conditions market conditions... ""The day will come when the enemy will be be someone else, look like someone else and you will be the dinosaur""" ***** my internet just returned...*****
Short sentence , but , very deep and interesting quote. Thank you. And I have realized that the FX MARKET is a live or die environment where only the mentally tough , sharp individuals will succeed.
"Define the risk OUT of your trade"--Mark Douglas
  • #8,037
  • Jan 6, 2017 10:07pm Jan 6, 2017 10:07pm
Quoting GreenEarth
{quote} Short sentence , but , very deep and interesting quote. Thank you. And I have realized that the FX MARKET is a live or die environment where only the mentally tough , sharp individuals will succeed.
It is a very powerful quote.....I heard it on TV last week.....it was a shot at anti Islamic rhetoric but could be applied to so many of life`s situations including those experienced in trading....
  • #8,038
  • Jan 7, 2017 1:53am Jan 7, 2017 1:53am
An interesting video showing live 123 scalping


http://www.forexfactory.com/showthre...79#post9412779
  • #8,039
  • Jan 7, 2017 2:53am Jan 7, 2017 2:53am
PhilippineFX , thanks a ton for the video on the live 1-2-3 scalping. Really neat.
"Define the risk OUT of your trade"--Mark Douglas
  • #8,040
  • Jan 7, 2017 2:54am Jan 7, 2017 2:54am
Quoting PhilippineFX
{quote} ***** my internet just returned...*****
Interesting........ Now we know who keeps the market moving !!!!!

LOL. Welcome back to internet :-)
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