Well it took the first one and bounced.. further ones below.. but might not go directly down IMO image

More simple is impossible

Dax seems to have cleared out all the loose ends above.. but there's a few targets below image

More simple is impossible

Nice little squashed divergence.. image

More simple is impossible

Hey, been reading this thread today.. great stuff.. Used renko off and on over the years but need to look at it again methinks. What are those bands on your chart? image

More simple is impossible

you had to read 10 pages of a thread titled "Magic 5 pips" to realize it makes you a daytrader?

Magic 5 - five pips only

you know what? I think you might be correct!

Swing-Hi trading System

yea looks like it I don't trade like this exact method, I guess what I meant was.. doesn't matter what your system is, MA crosses, breakouts, whatever.. waiting for the stop squeeze for direction confirmation (which is inevitable) can often allow ...

Swing-Hi trading System

oh, ok lol maybe only me then

Swing-Hi trading System

my two pennies.. on really short term time frames, a little divergence in say a stochastic 8,3,3, or something similar (fast RSI maybe) is another nice confirmation to a smash and grab for a few pips..

Swing-Hi trading System

it's the quick stop take and reverse.. is this not what everyone watches for an entry?

Swing-Hi trading System

The million dollar question I think?

Magic 5 - five pips only

Agree on that. As much as the rules say to stay with trend, and under ./ above 200 ema etc.. after such a strong move as last few days on E/U, and price is now above the daily open line, I'd be wary of shorting it. Until it goes negative again.

Magic 5 - five pips only

I will leave this one here as food for thought. This is why the eyes are the best indicators. image

Simple stupid position trading (H4/D1)

Oh and for exits, use the same idea. Looks where possible stops are waiting to be taken. Price will often reverse or stall there too. I marked where I would have considered taking at least 50% of my profit on that trade. Your exit seems to far to ...

Simple stupid position trading (H4/D1)

It happens so often it can't be ignored. However, you will miss some entries occasionally, when the direction is to strong for a retrace. When I quoted the 40 - 50% retrace.. again, that may not be set in stone. It was just to give you an idea.. Do ...

Simple stupid position trading (H4/D1)

Dude.. forget the indicators.. My advice, take a break .. goto Kreslik forum.. read the never lose again thread from about page 130 onwards (you can google the thread name and forum name) .. it might take you a few days.. but apply what you read by ...

I want to pay off my mortgage asap with Choros

Good trading Juri. I was evened out. And didn't get a chance to set any orders today for a 2nd bite of the cherry.. would have been in at 1.2460 if I'd managed it. grr. Tomorrows another day.

Simple stupid position trading (H4/D1)

And now, this trade can be set at b/e and see what becomes...

Simple stupid position trading (H4/D1)

crunch some numbers mate, you may find a higher strike rate not trying to pick tops or bottoms

Simple stupid position trading (H4/D1)

Dude it doesn't always matter if it's at a swing low, it's whether there is momentum. The 3 recent wicks and large bodies tell you exactly which way people are trading this. No point trying to predict the bottoms or tops, trade with the flow.. Entry ...

Simple stupid position trading (H4/D1)