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  • #8,041
  • Jan 7, 2017 3:01am Jan 7, 2017 3:01am
Quoting xian
{quote} Interesting........ Now we know who keeps the market moving !!!!! LOL. Welcome back to internet :-) {image}
Hilarious
  • #8,042
  • Jan 7, 2017 3:49am Jan 7, 2017 3:49am
Quoting PhilippineFX
An interesting video showing live 123 scalping http://www.forexfactory.com/showthre...79#post9412779
Damn it, now I get trapped watching his videos
  • #8,043
  • Jan 7, 2017 3:55am Jan 7, 2017 3:55am
Quoting Jaquemate
The last trade: SL: 10 pips. Simple. {image}
Could you please let me know the core strategy of receiving buy or sell signals? On what basis do you decide to buy or sell?
  • #8,044
  • Jan 7, 2017 11:02am Jan 7, 2017 11:02am
Quoting xian
{quote} Interesting........ Now we know who keeps the market moving !!!!! LOL. Welcome back to internet :-) {image}
With no doubt, I wrote the same couple pages back... If Draghi think he is boss with his non-sense speeches, then Phil lets speak his lots...

BTW thanks for the link to Divergence videos, I was reading his thread for a while and he is justly a veteran member of this forum.

And everybody, looking forward your trades, it start to be more and more interesting read posts here
  • #8,045
  • Jan 7, 2017 5:51pm Jan 7, 2017 5:51pm
Quoting Matomi
{quote} With no doubt, I wrote the same couple pages back... If Draghi think he is boss with his non-sense speeches, then Phil lets speak his lots... BTW thanks for the link to Divergence videos, I was reading his thread for a while and he is justly a veteran member of this forum. And everybody, looking forward your trades, it start to be more and more interesting read posts here
Thx Matomi.....I cut back on the multi entry trades of early last year. It was far too stressful and dangerous.....keep in mind with Pepperstone you need to trade 10 lots[actually points] on the dax to get the same dollar return per pip as trading 1 lot Eur/usd. Glad you are enjoying the emini thread....I figured you would be into that one....
  • #8,046
  • Jan 8, 2017 6:19am Jan 8, 2017 6:19am
Quoting PhilippineFX
{quote} Thx Matomi.....I cut back on the multi entry trades of early last year. It was far too stressful and dangerous.....keep in mind with Pepperstone you need to trade 10 lots[actually points] on the dax to get the same dollar return per pip as trading 1 lot Eur/usd. Glad you are enjoying the emini thread....I figured you would be into that one....
I know exactly what are you writing about, in my case - one of my basic rule is trading only with 1 position at the time. Who read whole PDF "Trading Rules That Work" know that one of most important key to success is add to win position. Dee50s trading style is nice example of that rule, but I trade contrary to that because my psycho... and my account balance rising daily. What I want to say - it is easier for me bag pips from first swing and open position on second swing again (and bag pips) instead of holding both positions to final TP. When you trade like Dee, you have to abide drawdown because pullbacks and who guarantee you that it is only pullback and your position will not end for BE ? There are always clues on the chart, but I can see everyday swings which price created for "no reason", what mean you simply can not predict the market. That one fact makes me believe that bag pips on every end of cycle (or swing, leg, whatever you call it) is always the safest way.

Yes, it is something like "fake DAX", because original Xetra return for 1 pip is 25€, and I had it with my old XTB broker. It is true that XTB has 4% margin and Pepperstone only 1% but compare it - still you need Pepperstone 25 lots (which will block you 2500€ approximately in margin) to make return as with XTB 1 lot (which will block you 400€ approximately in margin). So the lowest spreads and no comission does not guarantee the best return, too.

Phil, I do not know if I am right, but e-mini Nasdaq is marked in MT4 Pepperstone as NAS100 ? I checked it yesterday, but quotation is .0 not .00 as Divergence has.
  • #8,047
  • Jan 8, 2017 8:00am Jan 8, 2017 8:00am
Quoting Matomi
{quote} I know exactly what are you writing about, in my case - one of my basic rule is trading only with 1 position at the time. Who read whole PDF "Trading Rules That Work" know that one of most important key to success is add to win position. Dee50s trading style is nice example of that rule, but I trade contrary to that because my psycho... and my account balance rising daily. What I want to say - it is easier for me bag pips from first swing and open position on second swing again (and bag pips) instead of holding both positions to final TP....
Good question....too bad dee was not here as he traded futures as well as CFD`s and could give you a better take on all of this....My guess is Divergence is trading out of the US and is using futures to get better execution for his lightning fast scalps. The meta 4 Peppertone Nas100[CFD] would probably give you favorable results....worth investigating more..
Divergence makes a strong case for the emini NAS trending better then the Dax
  • #8,048
  • Jan 8, 2017 8:46am Jan 8, 2017 8:46am
MATOMI , thanks for all of those valuable little tidbits in your post. Now it gives me ammunition why I should only open small positions in my first trade.
"Define the risk OUT of your trade"--Mark Douglas
  • #8,049
  • Jan 8, 2017 10:00am Jan 8, 2017 10:00am
Quoting PhilippineFX
{quote} Good question....too bad dee was not here as he traded futures as well as CFD`s and could give you a better take on all of this....My guess is Divergence is trading out of the US and is using futures to get better execution for his lightning fast scalps. The meta 4 Peppertone Nas100[CFD] would probably give you favorable results....worth investigating more.. Divergence makes a strong case for the emini NAS trending better then the Dax
Divergence is trading actual futures whereas if you trade with Pepperstone, you are trading CFDs. Nasdaq's CFD is NAS100 with Pepperstone (also a CFD).
Invincibility lies in the defence; the possibility of victory in the attack
  • #8,050
  • Jan 8, 2017 10:59am Jan 8, 2017 10:59am
Quoting PhilippineFX
{quote} Good question....too bad dee was not here as he traded futures as well as CFD`s and could give you a better take on all of this....My guess is Divergence is trading out of the US and is using futures to get better execution for his lightning fast scalps. The meta 4 Peppertone Nas100[CFD] would probably give you favorable results....worth investigating more.. Divergence makes a strong case for the emini NAS trending better then the Dax
That is what bring me to check NASDAQ chart, that ADR he showed in videos is unbelievable. But then I checked NAS100 in Pepperstone MT4 and huge trend has a 12-15 pips max from down to top, so I think I am something missing. I have experience only with CFDs so I do not know how the real futures works. Thanks for answer anyway, I think his thread is more than worth to follow.

Quoting BBalazs
{quote} Divergence is trading actual futures whereas if you trade with Pepperstone, you are trading CFDs. Nasdaq's CFD is NAS100 with Pepperstone (also a CFD).
Okay, now I know what I was missing... thanks for bring light about it to me. Divergence mentioned in video that he trades without brokers impact, so futures like e-mini NASDAQ we can trade without broker or ? Also I was wondering why he has not any spread, there are some comissions instead of that or what ? Sorry for this stupid questions, I was not really interested about nothing else than CFDs till now.

Quoting GreenEarth
MATOMI , thanks for all of those valuable little tidbits in your post. Now it gives me ammunition why I should only open small positions in my first trade.
You are welcome buddy. It may sound crazy, but actually I trade with full margin on 1 position, it is always on you how you will define % risk to your account. I trade with idea, that my SLs must be as small as it is possible, what mean that I have to open positions as soon as it is possible what means I have minimal or no drawdown. This gives me another benefit - if I was wrong, I am out of trade very soon and I have enough time to plan another entry. Personally for me SLs are not excuses that market was not work in my favour, SLs are my teachers, they shows me I was wrong for some reason and it is on my own to find why. This is after all I pass through the best and fastest way how to grows up as a trader. Even if I trade with full margin, risk on my account is not bigger than 10% all the time.
  • #8,051
  • Jan 8, 2017 11:55am Jan 8, 2017 11:55am
He has a broker but he trades the actual futures instead of CFDs. It is a lot safer since there are no conflict of interest between the broker and the trader. There are no spreads but comissions and your order goes straight to the market. CFDs are short for Contract For Difference. Basically, it is an agreement between you and your broker that they will pay or deduct the price difference of the opening and closing price of a position. That means you are playing against your broker.
Invincibility lies in the defence; the possibility of victory in the attack
  • #8,052
  • Jan 8, 2017 1:38pm Jan 8, 2017 1:38pm
Quoting BBalazs
He has a broker but he trades the actual futures instead of CFDs. It is a lot safer since there are no conflict of interest between the broker and the trader. There are no spreads but comissions and your order goes straight to the market. CFDs are short for Contract For Difference. Basically, it is an agreement between you and your broker that they will pay or deduct the price difference of the opening and closing price of a position. That means you are playing against your broker.
Thanks for info, now I am in .
  • #8,053
  • Edited 9:03pm Jan 8, 2017 6:13pm | Edited 9:03pm
Quoting BBalazs
He has a broker but he trades the actual futures instead of CFDs. It is a lot safer since there are no conflict of interest between the broker and the trader. There are no spreads but comissions and your order goes straight to the market. CFDs are short for Contract For Difference. Basically, it is an agreement between you and your broker that they will pay or deduct the price difference of the opening and closing price of a position. That means you are playing against your broker.
Correct.....My broker[pepperstone] hedges my order and pockets the 1 pip spread for a dax trade. No conflict that I can see. Slippage during high market volatility seems to average out equal amounts for and against me. A few weeks ago i manually closed a dax trade during a sudden spike for what I thought would be 25 pips profit.....it ended up being filled for 42...no skin off their nose. They get the 1 pip either way.
I like the analogy that compares them to merchants who supply shovels and pick axes to prospectors. They can sell you more tools the longer you are in the hills digging for gold...
What a world we live in......trading today is such an amazing opportunity. Its worth all the hard work and heartache it takes to be successful...
  • #8,054
  • Jan 8, 2017 8:54pm Jan 8, 2017 8:54pm
Quoting Matomi
{quote} Thanks for info, now I am in .
I read on Pepperstone`s web site that they averaged 30 milliseconds to execute a trade in 2016......I am sure many other brokers are preforming at a high level as well.....I can not begin to pretend to know how they all manage to hedge off the CFD markets and frankly I do not care. I do not know how a computer or smart phone works either but use one daily....enjoy the ride...
  • #8,055
  • Jan 9, 2017 1:48am Jan 9, 2017 1:48am
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  • #8,056
  • Jan 9, 2017 5:11am Jan 9, 2017 5:11am
DAX +20
XAU +11

Done for today.
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  • #8,057
  • Jan 9, 2017 6:43am Jan 9, 2017 6:43am
Quoting PhilippineFX
Screenshot1.png;2131171 {image}
I read it somewhere before... maybe I know - everywhere I agree, yes, it is so simple and still about the same thing. Just check his Flag trading thread, he has more strategies, but final result is still pullback in trend trading.

After yesterdays finding out what the differences between futures and CFDs are I took the view - CFDs are cheaper, more available for low balance account traders as I am, futures offers trading without spread (with comissions) and higher volatility, but for cost the far lower leverage level and far higher margins. Only last note to it - if you are successful trader, it is absolutely insubstantial which market you trade, you will earn tons of money in every case.
  • #8,058
  • Jan 10, 2017 4:50am Jan 10, 2017 4:50am
DAX +10

It is going nowhere, even if there are some nice opportunities, nothing for long runs.
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  • #8,059
  • Jan 12, 2017 3:43am Jan 12, 2017 3:43am
4 trades on the Dax 30 in the first hour after the LO.......taken on the M1...+2 +15 +4 and BE...........there as a -6 pip loss on a trade taken 10 minutes after Germany opened....falls under the category of not too bright.....i included a shot of the Renco 2 covering the trades
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  • #8,060
  • Jan 12, 2017 4:41am Jan 12, 2017 4:41am
Hi there

I’ve been reading this thread with interest, I like the idea of simple.

Problem is I’ve been having trouble with Renko and offline charts. I have a 3 min which is working perfectly, but when I create one in a higher time frame for reference, the new offline chart either doesn’t update/does and stops working and there is no rhyme nor reason.

The 3 minute is unaffected by the creation of additional charts, and continues to tick away just nicely. Now I’ve pulled out what little hair I have left after around 3 hours trying different permutations with the offline 10 min chart.

I followed post 2336 religiously for the install, but I think there is a bug or some problem pertaining to my build of Mt4 (1031)
Has anyone else experienced the problem/is there a later set or alternative files to Dee50’s template?

Thanks in advance.
'in less than half an hour he made over 100 ticks'
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