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More simple is impossible

  • #8,401
  • Feb 28, 2017 7:21am Feb 28, 2017 7:21am
Quoting des_b
Thanks Dee, Pulling back and taking a broader look at the m30 as above would I hope have allowed me to see an ABCD pattern start to emerge which would have given me more confidence in the Dbl Bottom, onwards and upwards, thanks again for the help Cheers...Des
The 123 was a perfect setup, it pulled back to the 50% of the 1-2 move, so technically you would have expected a move to the 200%, but, there was a whole load of previous consolidation area in the way to the left, so the realistic expectation was for a move to the BRN, as we saw it did this but then pulled back very deeply before eventually moving upto the 168%, thatīs as far as it went. The DAX is behaving differently and we need to take that into consideration when determining our TPs, remember, "Horizontal Lines take preference over any other form of TA"
Cut your Losers short and let your Winners run.
  • #8,402
  • Feb 28, 2017 8:06am Feb 28, 2017 8:06am
Quoting dee50
{quote} You need to be flexible on the DAX, when the DAX is volatile with good movement a 5 pip Renko is fine, but it has been sluggish with a smaller Daily Range for months, a 3 pip Renko gives a better view of entries. I personally have stopped using the 10 pip Renko in exchange for the 30 minute Std Candle chart, but that is just my personal preference. Use what you are comfortable with.
Ahh...so the template for euro can be used for dax...just need to create different profile in mt4.

Thanks to a member here, There is also a step by step instructions to install the templates here on my brand new trading platform

It's just too bad...tight range for euro.
Turned some profit but nothing to brag about.
i'm just excited to be able to see everything much, much clearer now.

i hope I'll be able to soak up some more lessons from u, guys
  • #8,403
  • Feb 28, 2017 11:10am Feb 28, 2017 11:10am
Quoting PappaJack
{quote} Ahh...so the template for euro can be used for dax...just need to create different profile in mt4. Thanks to a member here, There is also a step by step instructions to install the templates here on my brand new trading platform It's just too bad...tight range for euro. Turned some profit but nothing to brag about. i'm just excited to be able to see everything much, much clearer now. i hope I'll be able to soak up some more lessons from u, guys
Yes, it can. The best you can do if you are really interested about this trading style, forget on everything you learned till now and just read Dee's PDF 1 to 5, one by one. One more time again, we don't talk about system or rules in this thread, it isn't about templates, about broker you use, it is just about simple stuff which worked 50 years ago on daily paper charts and still works via internet and smart platforms nowdays. All of the charts are same, if you are looking on EUR/USD, SoyBean, Oil, Gold or DAX.

The "systems" which works on EUR/USD and doesn't on GBP/JPY or DOW, one day will kick your ass on EUR/USD as well, guess why...
  • #8,404
  • Feb 28, 2017 12:06pm Feb 28, 2017 12:06pm
GER30+2+21+38+17+3+11+10+13. This shit is not easy and I am a little slower than you guys, but after 9 years of practice I think I am starting to get the hang of it.
Sorry, didnīt mark it on the chart, Last trades short, it was a double top with divergence at a BRN and the Top of the Opening Range
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #8,405
  • Feb 28, 2017 3:25pm Feb 28, 2017 3:25pm
Quoting dee50
GER30+2+21+38+17+3+11+10+13. This shit is not easy and I am a little slower than you guys, but after 9 years of practice I think I am starting to get the hang of it. Sorry, didnt mark it on the chart, Last trades short, it was a double top with divergence at a BRN and the Top of the Opening Range {image}

Can you talk a bit about ur trailing stop, please.
When do you set BE +2 in dax? And how do you trail it?
I see your +38 trade...the way I was taught, I would've exit much sooner...right at the s/r line. And maybe re-entry at that again.
  • #8,406
  • Feb 28, 2017 3:42pm Feb 28, 2017 3:42pm
Yep, I'm going over the pdf again.
I need to familiarize with every line indicators u drawn at the confluence s/r...b or, t or?
I may have missed something during my reading back then.
Trying to drink up all the new lesson too fast

The way you use abcd for tp is also new for me as well.
I used to trade fibs pattern back then...gartley, butterly...where u exit, is where I usually enter, but it was more like 5 points pattern and far in between trades.
I'm liking this much, much better
Just simply, simple

Cheers,
  • #8,407
  • Feb 28, 2017 3:52pm Feb 28, 2017 3:52pm
where can I find the pdf I would love to read it
  • #8,408
  • Feb 28, 2017 5:48pm Feb 28, 2017 5:48pm
Quoting slugar
where can I find the pdf I would love to read it
Look for the paperclip, upper right hand corner. Sort through pdf files under dee's post more simple is impossible
  • #8,409
  • Mar 1, 2017 2:52am Mar 1, 2017 2:52am
FIRST DAX trade.

entry a bit late...tight stop cause i know it's close to S/R zone upside.

Woww...I did not know dax move 20 points that fast.

I close the trade and that coincide with a beautiful bearish bat pattern.
That's what I used to trade years back.
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  • #8,410
  • Mar 1, 2017 4:10am Mar 1, 2017 4:10am
Dax +8 +3 +1 +19......missed the train but still ok with what i got
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  • #8,411
  • Mar 1, 2017 5:07am Mar 1, 2017 5:07am
LESSONS learned. I need to make sure closing renko bar to be below 3 EMA shift 2 for short.
No use of front-running.
  • #8,412
  • Mar 1, 2017 5:26am Mar 1, 2017 5:26am
Greetings Fellow traders

I see the system has changed from the initial posts. COuld someone direct me to relevant posts for the new system and rules.
If someone has a summary posts then that would be super helpful.

Thanks in Advance
  • #8,413
  • Mar 1, 2017 5:50am Mar 1, 2017 5:50am
Quoting newtrojan
Greetings Fellow traders I see the system has changed from the initial posts. COuld someone direct me to relevant posts for the new system and rules. If someone has a summary posts then that would be super helpful. Thanks in Advance
there is no system...
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  • #8,414
  • Mar 1, 2017 6:35am Mar 1, 2017 6:35am
Quoting PappaJack
{quote} Look for the paperclip, upper right hand corner. Sort through pdf files under dee's post more simple is impossible
Found them thanks pappa
  • #8,415
  • Mar 1, 2017 8:15am Mar 1, 2017 8:15am
Hi guys i'm looking for a system to generate 20-40 pips a day and I stumbled upon this thread
it looks promising, I read many pages and the thread has 421 pages so far

are you guys following jaquemate method or it has improved by dee
I read the pdf compilinig dee posts, but I didnt understand his method

@dee50 , @phlipinesfx could you plz explain in step by step what needs to be done to follow your successful trades
(step 1 do this, step 2 make sure...etc)
I would really appreciate it

thank you
  • #8,416
  • Mar 1, 2017 8:24am Mar 1, 2017 8:24am
Quoting PhilippineFX
{quote} there is no system...{image}
Thanks PhilippineFX

I found DEE's 50 post pdf.
  • #8,417
  • Mar 1, 2017 2:39pm Mar 1, 2017 2:39pm
What charts do you suggest if renko is not available on my platform?
  • #8,418
  • Mar 1, 2017 3:24pm Mar 1, 2017 3:24pm
Quoting slugar
What charts do you suggest if renko is not available on my platform?
It is not standard in most platforms. If you use MT4 you need an EA that generates the charts. I bought OVO and is an amazing tool.
  • #8,419
  • Mar 1, 2017 4:50pm Mar 1, 2017 4:50pm
Would a range chart or 3 line break be very similar
  • #8,420
  • Mar 2, 2017 12:31am Mar 2, 2017 12:31am
Quoting slugar
Would a range chart or 3 line break be very similar
Any style of chart will work......just BTFD....
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