More simple is impossible | Page 453 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

More easy is impossible 17 replies

long-run profits impossible with short-term trading? 39 replies

Attachments: More simple is impossible
Exit Attachments

More simple is impossible

  • #9,041
  • Jun 7, 2017 3:30am Jun 7, 2017 3:30am
Quoting PappaJack
Lucky, what it was...I did not set BE+5 for the first position. I was ready to load up for second entry, though... entry with my eyes looking at renko10 @weekly pivot S1 and BRN more than 20pips gain for both position )) This is made possible by looking all of your charts...day in, day out... Thank you to all of you for making me a better trader. I think, after all this time, it's starting to click in and I'm finally getting it. {image}
Very nice bit of work. This sort of PA you have to wing it with the BE and control it manually, it takes nerves of steel, well done.
Cut your Losers short and let your Winners run.
  • #9,042
  • Jun 7, 2017 3:35am Jun 7, 2017 3:35am
GER30 +20+10+9+8+6. Obvious TPs at the trend line, I loaded up to try and make my day shorter because this is looking like it will go on like this all day, maybe the Americans will bring some thing to the table. CU Later I am going to tie my tomatoes up.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+20+10+9+8+6 070617.png Size: 50 KB
Cut your Losers short and let your Winners run.
  • #9,043
  • Jun 7, 2017 5:22am Jun 7, 2017 5:22am
Quoting dee50
COVFEFE. This was perhaps not a typing error by Trump. Trumps Covfefe Tweet Was Actually a Commonly Searched Word on Pornhub | Complex UK

https://www.forexfactory.com/showthread.php?t=670836

Enjoy!
  • #9,044
  • Jun 7, 2017 5:23am Jun 7, 2017 5:23am
Hi Folks,

Could I ask some advice please, I have a BE expert which places a BE at Open Price + 2 pips after 6 pips profit. However it is really frustrating to get stopped out at +2 pips (which I know is better than a loss) only to see the original trade shoot off in the direction predicted for 10,20,30+.... Pips. Could I ask your opinion on routinely setting the BE after 5 or 6 pips regardless or do the more experienced traders take other things into consideration as well and even let a +5 pips profit return to a loss temporarily in order to catch the larger move.....

All comments gratefully appreciated

Cheers...Des
  • #9,045
  • Jun 7, 2017 5:30am Jun 7, 2017 5:30am
Quoting mact4
{quote} https://www.forexfactory.com/showthread.php?t=670836 Enjoy!
Yes saw this when it started. Could not believe the number of people that thought it was for real, but, to be fair most of them were clearly none english speakers so probably did not realize that Trump is a sexual deviant and that the thread was very much tongue in cheek, is tongue in cheek a sexual preference also?
Cut your Losers short and let your Winners run.
  • #9,046
  • Jun 7, 2017 5:32am Jun 7, 2017 5:32am
GER30 +43+44 Working that Trend Line.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 +43+44 070617.png Size: 47 KB
Cut your Losers short and let your Winners run.
  • #9,047
  • Jun 7, 2017 5:47am Jun 7, 2017 5:47am
Quoting des_b
Hi Folks, Could I ask some advice please, I have a BE expert which places a BE at Open Price + 2 pips after 6 pips profit. However it is really frustrating to get stopped out at +2 pips (which I know is better than a loss) only to see the original trade shoot off in the direction predicted for 10,20,30+.... Pips. Could I ask your opinion on routinely setting the BE after 5 or 6 pips regardless or do the more experienced traders take other things into consideration as well and even let a +5 pips profit return to a loss temporarily in order to catch...
I routinely set BE after 5, except when the market is like this, the problem is that you do not know that the market is going to be like this so you end up getting stopped for +2 a few times until you get the picture, then you are buggered because you will not know if you should still move to BE after 10 or 15 or 29 pips, wait until the first pullback, but which pullback on which TF. For Rule based traders it is simple, Follow the Rule, Regardless, after all it is the Rule and Rules are Rules for a Reason so if you miss a 120 pip move because of a Rule so be it, Suck It Up. What a bugger I just looked at the chart and if I had left the trades alone I would have got another 40 pips, now that is another dilemma, when to leave a trade alone and when to close it earlier!
Sorry Des there is no straight forward answer in a messy market.
"Every thing works some of the time, but nothing works all of the time"
Cut your Losers short and let your Winners run.
  • #9,048
  • Jun 7, 2017 5:56am Jun 7, 2017 5:56am
Quoting dee50
{quote} I routinely set BE after 5, except when the market is like this, the problem is that you do not know that the market is going to be like this so you end up getting stopped for +2 a few times until you get the picture, then you are buggered because you will not know if you should still move to BE after 10 or 15 or 29 pips, wait until the first pullback, but which pullback on which TF. For Rule based traders it is simple, Follow the Rule, Regardless, after all it is the Rule and Rules are Rules for a Reason so if you miss a 120 pip move because...

Thanks Dee,

I thought the answer would be something like this, was hoping for a magic bullet that would inspire me to leave the winning trades alone and set a BE correctly on the more risky ones, alas once again it comes down to experience... onward and upwards

Cheers...Des
  • #9,049
  • Jun 7, 2017 6:08am Jun 7, 2017 6:08am
OMG. Which Fibo is the market looking at? 3 fibos on this chart and a 123! There are supposed to be rules, you know! Who is following which rule? Are the Big Boys working in shifts and this is why the levels keep changing? Dont get me started on Pivots, Fibonacci, Camarilla, Floor. The more people looking at some thing the more likely it is to happen, but what if there is a conspiracy and certain influential groups have set out to confuse us so they keep changing what they are looking at. I have now shaved my head because I could no longer take seeing my hair fall out as I was trading.
Attached Image (click to enlarge)
Click to Enlarge Name: Who is doing what.png Size: 70 KB
Cut your Losers short and let your Winners run.
  • #9,050
  • Jun 7, 2017 6:11am Jun 7, 2017 6:11am
Quoting des_b
{quote} Thanks Dee, I thought the answer would be something like this, was hoping for a magic bullet that would inspire me to leave the winning trades alone and set a BE correctly on the more risky ones, alas once again it comes down to experience... onward and upwards Cheers...Des
Magic Bullets are usually used to kill things, be careful what you wish for!!
Cut your Losers short and let your Winners run.
  • #9,051
  • Jun 7, 2017 9:38am Jun 7, 2017 9:38am
Ongoing
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 ongoing.png Size: 48 KB
Cut your Losers short and let your Winners run.
  • #9,052
  • Jun 7, 2017 10:41am Jun 7, 2017 10:41am
GER30 +25+22+2+5+11+26+29+28. Handing over to the night shift. Actually couldnīt give a damn who wins the election tomorrow, who ever wins Red or Blue, the lunatics will not be in the asylum.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 +25+22+2+5+11+26+29+28 070617.png Size: 44 KB
Cut your Losers short and let your Winners run.
  • #9,053
  • Jun 7, 2017 11:19am Jun 7, 2017 11:19am
Quoting dee50
{quote} MA Type 3. period 10 and 35
Hello Dee50.

At first, thank you again for your contributions !
I think I will soon post my trades for analysis...

For your last trade, it's not MA period 10 & 35 ? I see you open buy position when two ma cross but on my chart isn't same...

I think my time scale is not good ... my chart is very compact !

(sorry for my english).

Attached Image (click to enlarge)
Click to Enlarge Name: Trade1.png Size: 57 KB
  • #9,054
  • Jun 7, 2017 11:22am Jun 7, 2017 11:22am
DAX +6+7

Missed a train, so I had to scalp it. Second entry maybe too soon closed, but look at the momentum, I am done.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3.png Size: 50 KB
  • #9,055
  • Jun 8, 2017 4:14am Jun 8, 2017 4:14am
Quoting Straasha
{quote} Hello Dee50. At first, thank you again for your contributions ! I think I will soon post my trades for analysis... For your last trade, it's not MA period 10 & 35 ? I see you open buy position when two ma cross but on my chart isn't same... I think my time scale is not good ... my chart is very compact ! (sorry for my english). {image}
I am using Range Bars. Compare it with a 3 pip Renko it will look more or less the same. BTW I think I said this before, I do not use a MA cross as an entry signal!!Use what ever you want but I would Back Test it first! even a simple visual Back Test would show you that the MA cross signals very late in a move especially in this current choppy market.
Cut your Losers short and let your Winners run.
  • #9,056
  • Edited 4:41am Jun 8, 2017 4:22am | Edited 4:41am
I understand. Thank you.

Edit: it's better, sorry for this stupid Ask
  • #9,057
  • Jun 8, 2017 5:28am Jun 8, 2017 5:28am
Quoting Straasha
I understand. Thank you. Edit: it's better, sorry for this stupid Ask
No problem.
Cut your Losers short and let your Winners run.
  • #9,058
  • Jun 8, 2017 5:38am Jun 8, 2017 5:38am
GER30 -10+3+10+10+15+28. Well, I got that first one wrong but not much damage done easily recovered. The market is having sex with us, not much activity to start , then it gushes for a minute and then needs to rest for another hour before the next one, sound familiar to any of you? but I donīt think we are the ones on top.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 -10+3+10+10+15+28 080617.png Size: 44 KB
Cut your Losers short and let your Winners run.
  • #9,059
  • Jun 8, 2017 10:42am Jun 8, 2017 10:42am
I see this divergence but too late...

Attached Image (click to enlarge)
Click to Enlarge Name: Trade2.png Size: 54 KB
  • #9,060
  • Jun 8, 2017 11:26am Jun 8, 2017 11:26am
Quoting Straasha
I see this divergence but too late... {image}
hi nice trade, is it possible share your indicators and template.you arranged nicely..thanks
Say something meaningful or Silence!!
2 traders viewing now