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More simple is impossible

  • #8,181
  • Feb 1, 2017 8:42am Feb 1, 2017 8:42am
For those who are interested in Market Profile, there are some singles to cover. For every one else, cover your eyes.

PS. I can not teach about MP on this thread, come to think of it not on any thread because it would be the Blind Leading the Blind, I still do not fully comprehend.
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Cut your Losers short and let your Winners run.
  • #8,182
  • Feb 1, 2017 8:59am Feb 1, 2017 8:59am
Hey Dee did you notice Peaky Blinders has signed for seasons 4 and 5 ?
I´m addicted to this TV show :-) Thx you for that also.
  • #8,183
  • Feb 1, 2017 9:19am Feb 1, 2017 9:19am
Out EURUSD. That took forever to develop.
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Know your edge and trade within it
  • #8,184
  • Feb 1, 2017 9:48am Feb 1, 2017 9:48am
GER30 +2+10+10+5+15+22. Took a bit of heat on that first batch but alls well that ends well.
Just clarification, this is a 3 pip Range chart, I dropped down for a more detailed picture of what was going on,
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Cut your Losers short and let your Winners run.
  • #8,185
  • Feb 1, 2017 9:51am Feb 1, 2017 9:51am
Quoting xian
Hey Dee did you notice Peaky Blinders has signed for seasons 4 and 5 ? Im addicted to this TV show :-) Thx you for that also.
Yes and well deserved too. Funny the things we get addicted to. I used to work in that area of Birmingham and the Black country gypsies are still dominant there, I see them in a different light now.
Cut your Losers short and let your Winners run.
  • #8,186
  • Feb 1, 2017 9:57am Feb 1, 2017 9:57am
Got to go out, the shops are just opening. I will try to get back for FOMC, although, will it be worth it?
Cut your Losers short and let your Winners run.
  • #8,187
  • Feb 1, 2017 4:43pm Feb 1, 2017 4:43pm
Quoting dee50
Well I missed that push despite the clues being on the chart, that is the problem with posting, if you only have half a brain and you are using it to post there could be 100 alerts buzzing away and it does not register. {image}
Dee can you explain the clues to us...cheers
  • #8,188
  • Feb 2, 2017 1:52am Feb 2, 2017 1:52am
I am using Dee`s setup to trade the Dax for more than a year now. 10 Point and 5 Point Renko`s still working.

As you can see, we went from a lower Low straight up for a full swing back to the 150% 11.720 Level. Take a look at the Stochs. I drew the same Line as Dee did - on a higher timeframe. Support/Resistance Levels are marked as white Rectangles. Let`s see what the Market is doing today.
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  • #8,189
  • Feb 2, 2017 2:16am Feb 2, 2017 2:16am
BRN = 11600 and Divergence on both Timeframes. Plus Supportlevel as marked one Post above.
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  • #8,190
  • Feb 2, 2017 3:10am Feb 2, 2017 3:10am
Quoting PhilippineFX
{quote} Dee can you explain the clues to us...cheers
Hey there, I understood it as. That TLs on both MACD and Stoch worked as momentum sign. And therefore the good buy opportunity.
  • #8,191
  • Feb 2, 2017 3:22am Feb 2, 2017 3:22am
Dax +11 +17.........last year when Dee was showing us the way one of his go to set-up`s was a solid Macd Div combined with a double top and BRN on the Ren 3 chart....watching his posts this week reminded me how powerful set-ups like that can be.....Welcome back Dee....we are lucky to have you....
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  • #8,192
  • Feb 2, 2017 3:46am Feb 2, 2017 3:46am
Quoting nuckern
{quote} Hey there, I understood it as. That TLs on both MACD and Stoch worked as momentum sign. And therefore the good buy opportunity.
Perfecto. there was also the fact that the market had stopped at Mcdonalds but Burger King was further up-
Cut your Losers short and let your Winners run.
  • #8,193
  • Feb 2, 2017 3:51am Feb 2, 2017 3:51am
Quoting Doc_B
I am using Dee`s setup to trade the Dax for more than a year now. 10 Point and 5 Point Renko`s still working. As you can see, we went from a lower Low straight up for a full swing back to the 150% 11.720 Level. Take a look at the Stochs. I drew the same Line as Dee did - on a higher timeframe. Support/Resistance Levels are marked as white Rectangles. Let`s see what the Market is doing today. {image}
Really well taken trades. I take it that you will be changing your name to DOC Watson because of your obvious association with Sherlock.
Cut your Losers short and let your Winners run.
  • #8,194
  • Feb 2, 2017 3:56am Feb 2, 2017 3:56am
Quoting PhilippineFX
Dax +11 +17.........last year when Dee was showing us the way one of his go to set-up`s was a solid Macd Div combined with a double top and BRN on the Ren 3 chart....watching his posts this week reminded me how powerful set-ups like that can be.....Welcome back Dee....we are lucky to have you....Screenshot2.png;2168780 {image}
Exemplary. You are getting stronger every trade. I see the top 1% in your immediate future.
Cut your Losers short and let your Winners run.
  • #8,195
  • Feb 2, 2017 4:04am Feb 2, 2017 4:04am
GER30 +5+8. Same trades as PhilippineFX I had the right idea but my execution was lacking, first trade I trailed SL but was too close and got hit by the spread my subsequent cursing (emotion) caused me to be late on the pullback but I managed to compose myself for a manual exit because I had a TP at the BO but Divergence told me to get out. I have posted both a Renko 3 and a Range 5 chart. Notice the final Gap Fill from yesterday´s Gap shown on the M30.
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Cut your Losers short and let your Winners run.
  • #8,196
  • Feb 2, 2017 4:51am Feb 2, 2017 4:51am
+19. Took the same short after divergence, and exited the trade after divergence.
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  • #8,197
  • Feb 2, 2017 4:59am Feb 2, 2017 4:59am
Quoting Doc_B
+19. Took the same short after divergence, and exited the trade after divergence. {image}
Nice one. Just out of curiosity what broker are you with because your divergence at entry was more pronounced than mine but price did not get up to the BRN on your chart.
Cut your Losers short and let your Winners run.
  • #8,198
  • Feb 2, 2017 5:21am Feb 2, 2017 5:21am
Hi dee50.
Welcome.
  • #8,199
  • Feb 2, 2017 5:38am Feb 2, 2017 5:38am
GER30 +36. Now that is much better, I gave things a bit more time to develop instead of trading like a .
Dbl Divergence into a Dbl Bottom, you could call it a 123 at a push, couple of pullbacks on the way up, I considered adding but by the time I had decided it was too late. My initial TP was the Top of the OR but there was reasonable momentum so I let run, once over the BRN I pulled SL up to lock in 20, then I noticed the 50 EMA and a short term S&R on the HTF M30 and closed.
Just adding a note. If you have not noticed, look back, there is often a 10 pip over shoot at the BRNs, well on pepperstone at least so what we see on Pepperstone is not a direct reflection of what the rest of the market is seeing or doing!! It is just one more thing to screw with your head.
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Cut your Losers short and let your Winners run.
  • #8,200
  • Feb 2, 2017 6:01am Feb 2, 2017 6:01am
Hi Dee

Welcome back .... and what a come back !!!!!! can you confirm when trading 3 pip chart is your APTM settings still SL 20 and move stop to +3 pips when price reaches +8 pips
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