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  • #8,441
  • Mar 2, 2017 11:58am Mar 2, 2017 11:58am
Quoting des_b
Hi Folks, I have noticed that when price gets within 10 pips of a BRN it very regularly gets to touch the BRN either up towards the BRN or down towards it. Probably mentioning something that's bleedin obvious but thought I'd mention it anyway. Might help people hang on for a few more pips.... Cheers...Des
You are absolutely right.!
BUT, just to complicate things further, on Pepperstone, price sometimes/often overshoots the BRN by 10 pips, this is because the guy controlling the price movement at Pepperstone has had one coffee too many and tilts the joystick too far forward. remember Pepperstone CFD prices are pure fiction! as are many of the Forex Brokers quoting CFDs.
Cut your Losers short and let your Winners run.
  • #8,442
  • Mar 2, 2017 12:07pm Mar 2, 2017 12:07pm
Quoting dee50
{quote} EA {file}
Thanks!
  • #8,443
  • Mar 2, 2017 12:09pm Mar 2, 2017 12:09pm
Quoting Matomi
{quote} Nice trades buddy, after-work trading poweeeeer
The same for you, also nice trades.
Seems that afterwork trading is working for us, but you made more pips than me.
  • #8,444
  • Mar 2, 2017 2:17pm Mar 2, 2017 2:17pm
Thank u, Dee

Cheers,
  • #8,445
  • Mar 2, 2017 2:41pm Mar 2, 2017 2:41pm
What u said about CFD prices are disheartening.

Is there a way I can find a better broker that doesn't manipulate the cfd prices?

Is this something that we should be concern about trading the CFD in the long run? Or our trading discipline should protect us?

I appreciate ur thoughts on the matter and other bits of knowledges u share with us
  • #8,446
  • Mar 2, 2017 3:12pm Mar 2, 2017 3:12pm
Quoting dee50
{quote} You do not need to learn other methods to do that, you just need to learn to identify S&R levels. Harolds method on the NQ gets you into a move so early with a quick BE that you then should have the luxury of letting things run. Identify your target zone before entering and you have the perfect method. Riding a trend is preparation and psychology.
I appreciate your input! Thanks Dee
  • #8,447
  • Mar 2, 2017 3:18pm Mar 2, 2017 3:18pm
Quoting dee50
{quote} You do not need to learn other methods to do that, you just need to learn to identify S&R levels. Harolds method on the NQ gets you into a move so early with a quick BE that you then should have the luxury of letting things run. Identify your target zone before entering and you have the perfect method. Riding a trend is preparation and psychology.
By trend I mean 4-10 nq points I by no means expect to place one trade and call it a day
  • #8,448
  • Mar 2, 2017 4:00pm Mar 2, 2017 4:00pm
Hi PappaJack, can you please share with me the BRN indicator please. Looking in the clip but donīt get the name. Attach your chart with the red boxes. Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: EurusdBRN.jpg Size: 59 KB


Quoting PappaJack
#1. short BRN and S/R #2. long DIV macd #3. short BRN, opening price line I'm really getting the hang of this. IT'S SIMPLY, SIMPLE I dare not dream of booking profits +20 in one single move like you guys yet baby steps, first I can't thank you guys enough for showing how simple trading can be. I can't believe my luck stumbling into this thread. Best Regards, {image}
  • #8,449
  • Mar 2, 2017 5:27pm Mar 2, 2017 5:27pm
Quoting Trinquete
Hi PappaJack, can you please share with me the BRN indicator please. Looking in the clip but dont get the name. Attach your chart with the red boxes. Thanks {image} {quote}
It's SweetSpots Gold indicator.
  • #8,450
  • Mar 2, 2017 5:32pm Mar 2, 2017 5:32pm
Great, thanks Matomi.

Quoting Matomi
{quote} It's SweetSpots Gold indicator.
  • #8,451
  • Mar 3, 2017 1:45am Mar 3, 2017 1:45am
I'm just wondering...

Is it normal for CFD spread to goes as high as 2 when there's no news around?

What are you guys getting at your brokers?
I'm using pepperstone atm.
  • #8,452
  • Mar 3, 2017 1:53am Mar 3, 2017 1:53am
Quoting PappaJack
I'm just wondering... Is it normal for CFD spread to goes as high as 2 when there's no news around? What are you guys getting at your brokers? I'm using pepperstone atm.
95% of the time its 1 pip for pepperstone.....it can get up to 2 pips during FO and NY close when liquidity dries up....the first couple minutes of FO it can be as much as 10 pips......at the moment 10 minutes before LO I am showing 1.2 pips
  • #8,453
  • Mar 3, 2017 2:23am Mar 3, 2017 2:23am
Good to hear. Thank you.
  • #8,454
  • Mar 3, 2017 2:32am Mar 3, 2017 2:32am
Matomi's style
I dropped all the MAs from my 3 renko. I believe it hinders me subconsciously to put more attention to them more than I have to.

I'm using Jaquemate entry at the confluence zone.

LONG by previous S/R, OP, and Weekly Pivot.
Attached Image (click to enlarge)
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  • #8,455
  • Mar 3, 2017 2:40am Mar 3, 2017 2:40am
BE, i was doing breakfest :-///// But nice entry
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  • #8,456
  • Mar 3, 2017 2:47am Mar 3, 2017 2:47am
Some over night trades. Pretty convincing signs that we were going down, used a Trading Condom to keep me safe meant I had to stay up to put it on but almost instant relief and I was able to roll over and go to sleep knowing I was safe.
Attached Image (click to enlarge)
Click to Enlarge Name: Overnight Dax 030317.png Size: 45 KB
Cut your Losers short and let your Winners run.
  • #8,457
  • Mar 3, 2017 2:48am Mar 3, 2017 2:48am
Quoting PappaJack
I'm just wondering... Is it normal for CFD spread to goes as high as 2 when there's no news around? What are you guys getting at your brokers? I'm using pepperstone atm.
Dax spread increases to 2 pips outside of the cash session, like any other instrument spread increases during volatility.
Cut your Losers short and let your Winners run.
  • #8,458
  • Mar 3, 2017 2:50am Mar 3, 2017 2:50am
Ger30 +15 pips. Thats enough for the london session and a non moving market.
The second entry was a 123 on renco2.
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  • #8,459
  • Mar 3, 2017 3:01am Mar 3, 2017 3:01am
Quoting PappaJack
What u said about CFD prices are disheartening. Is there a way I can find a better broker that doesn't manipulate the cfd prices? Is this something that we should be concern about trading the CFD in the long run? Or our trading discipline should protect us? I appreciate ur thoughts on the matter and other bits of knowledges u share with us
CFDs are not real instruments, they are broker generated, not exchange generated, each broker creates them in their own way. Each broker will say that they reflect the PA of the underlying Futures instrument, HAH! sort of! CFDs are created in a Hall Of Mirrors. We did a comparison a little while ago and found that there was anything upto 30 pips difference in CFD prices compared to the Futures prices, why there has to be any difference at all the Brokers will not say.

BUT. It makes absolutely no difference to how we trade the chart in front of us, we win or lose based on what we are being shown, not on what the real market is doing.

The only time this is a problem is when you visit other threads that are discussing the DAX or any other CFD, those traders will be quoting numbers from their brokers and if you try to follow them you will have difficulty matching up prices especially if any of the traders are using Futures Platforms.
Cut your Losers short and let your Winners run.
  • #8,460
  • Mar 3, 2017 3:14am Mar 3, 2017 3:14am
Donīt forget. Renko charts do not show price Gaps, unless you are using an EA that has the option to show GAPs look at a std candle chart. DAX loves itīs GAPS it often fills them quite quickly. Some times it takes longer than a day but GAPs do get filled. If you are only looking at Renkos you might wonder why the price is rushing up when every thing else points to it going down.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 GAP.png Size: 43 KB
Cut your Losers short and let your Winners run.
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