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  • #9,181
  • Jul 2, 2017 1:06pm Jul 2, 2017 1:06pm
Quoting erkro
{quote} Hi Matomi! Great trades, congratulation!! Very good, I like it! When I look at your trades I see it is getting better and better with every chart you are posting, its the same with me. Something made click in my head and now it works much better. First I tought its because I took away all indicators, but I think its the time we always trade the same method and so our feeling for price action is getting better. Its what PhilippineFX and Dee wrote very often in this thread ....... it works, but it is neccesary to...
Hello erkro, appreciate your words
I must admit that it is true, the more trades I do the more experiences coming. Very good point you wrote, when you can read price action without indicators, you can be sure, you can read PA. The indicators are only faster way how to do it - faster, not simplier. You can see I use only MACD nowdays, but it doesn't mean I don't watch price cycles as well because of missing Stochastic, I just have (for me) better way how to watch them without Stoch. So absolutely agree with you, feeling for PA is all about practice.

Do not hesitate, it's always great to see more screens here .
  • #9,182
  • Jul 3, 2017 2:40am Jul 3, 2017 2:40am
Quoting Matomi
{quote} Hello erkro, appreciate your words I must admit that it is true, the more trades I do the more experiences coming. Very good point you wrote, when you can read price action without indicators, you can be sure, you can read PA. The indicators are only faster way how to do it - faster, not simplier. You can see I use only MACD nowdays, but it doesn't mean I don't watch price cycles as well because of missing Stochastic, I just have (for me) better way how to watch them without Stoch. So absolutely agree with you, feeling for PA is...
Hi Matomi, I mean that I tried some indis and took them away, but I also use MACD, need it for divergences. reading price action is also getting better, but still have a lot to learn.
  • #9,183
  • Jul 3, 2017 2:58am Jul 3, 2017 2:58am
Quoting dee50
Any one notice any thing about the STOMAC Indy? subtle clues on the chart. EDIT 2hrs and 17mins later. WHOOOSH, the sound the question made as it went straight over your heads into another galaxy. {image}
Dee,could You share the Stomac indi here?I saw that You use it,but I thought for me it will little mass to share two indi in one window.I see that You one step ahead again I have to checked Your observasion in real trading.
  • #9,184
  • Jul 3, 2017 4:32am Jul 3, 2017 4:32am
DAX +20

Some gain to open a new week, not very smart one (opened on the end of cycle on Friday ), but touch with BRN and 61,8% of last HTF swing was a bit obvious. Let's see, where we can get today, I'm going to wait now for better PA, this is no mans land right now.
Attached Image (click to enlarge)
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  • #9,185
  • Jul 3, 2017 9:46am Jul 3, 2017 9:46am
Quoting Parr
{quote} Dee,could You share the Stomac indi here?I saw that You use it,but I thought for me it will little mass to share two indi in one window.I see that You one step ahead again I have to checked Your observasion in real trading.
HAHA! There might be an actual STOMAC indy I have no idea, what I was referring to was the Stochastic with MACD overlay (or vice versa), I only did this to reduce the amount of space the indis used at the bottom of the chart, it worked ok so I left it. later I started noticing what happened when the 2 indis crossed and started observing it and I have been watching it since. I asked the question to see if any of you had noticed it and had been monitoring it.
Cut your Losers short and let your Winners run.
  • #9,186
  • Jul 3, 2017 9:55am Jul 3, 2017 9:55am
GER30 +20x2+38+49. You needed the patience of JOB today and I still got caught and had to suck up the drawdown, but every thing pointed to this going up and that trendline was holding and so was the BRN apart from a 5 pip poke below. So "Happy Thanksgiving" no it is one of the others oh I know "Happy 4 July" the Americans here have already started, there were a number of drunk ones in our local bar, although I think that is a Normal condition for them so I can not be sure what they were celebrating.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 +20x2+38+49 030717.png Size: 47 KB
Cut your Losers short and let your Winners run.
  • #9,187
  • Jul 3, 2017 10:01am Jul 3, 2017 10:01am
DAX +2+10

I think I am gonna kill it for now. Momentum is kind of struggling today and I don't trust it for longer runs. However, I am relax with reaching 12500.0 before DAX close, but we hit a HTF 38,2% from H1 as well and Stoch on 10&5 pips Renko are "overbought" so little pullback before final TP is more than possible.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3.png Size: 42 KB
  • #9,188
  • Jul 3, 2017 10:10am Jul 3, 2017 10:10am
Quoting dee50
{quote} HAHA! There might be an actual STOMAC indy I have no idea, what I was referring to was the Stochastic with MACD overlay (or vice versa), I only did this to reduce the amount of space the indis used at the bottom of the chart, it worked ok so I left it. later I started noticing what happened when the 2 indis crossed and started observing it and I have been watching it since. I asked the question to see if any of you had noticed it and had been monitoring it.


Dee.could You be so kind and tells how You compare/overlay both of indi to one window?How its working on Your mt4?I would like to check it and observe.Thanks!
  • #9,189
  • Jul 3, 2017 10:21am Jul 3, 2017 10:21am
Quoting Parr
{quote} Dee.could You be so kind and tells how You compare/overlay both of indi to one window?How its working on Your mt4?I would like to check it and observe.Thanks!
Leave stoch or MACD at the bottom of your chart (delete the other) so for example, leave Stoch, go to "Navigator" go to Indicators, find MACD nrp mtf, left click and drag it directly onto the Stochastic Indicator window at the bottom of the chart, drop it on there, the settings window will open input your settings press OK
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #9,190
  • Jul 3, 2017 2:04pm Jul 3, 2017 2:04pm
Thanks Dee!!!!
  • #9,191
  • Jul 4, 2017 1:41pm Jul 4, 2017 1:41pm
Hi, great job

Can someone help me!

The Renko Live Chart works equally well in other "markets", like NASDAQ, EURUSD or USDJPY, for example?

What would be the ideal settings for these markets?

Thanks.
  • #9,192
  • Jul 5, 2017 4:33am Jul 5, 2017 4:33am
DAX +23+3+5+11

Not sure where it can go next, seems like clear downtrend right now, but I believe the long (HTF correction) is not over.
Attached Image (click to enlarge)
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  • #9,193
  • Jul 5, 2017 4:49am Jul 5, 2017 4:49am
Quoting hdricard77
Hi, great job Can someone help me! The Renko Live Chart works equally well in other "markets", like NASDAQ, EURUSD or USDJPY, for example? What would be the ideal settings for these markets? Thanks.
https://www.forexfactory.com/showthr...7#post10027697
Cut your Losers short and let your Winners run.
  • #9,194
  • Jul 5, 2017 9:44am Jul 5, 2017 9:44am
Quoting dee50
{quote} https://www.forexfactory.com/showthr...7#post10027697
Thanks dee50.

My question is which is the best configuration for other markets? RenkoBoxSize same 5 points (5 pips in EURUSD, for example...)? RenkoTimeFrame the same 3?!

Sorry for asking.
  • #9,195
  • Jul 5, 2017 10:46am Jul 5, 2017 10:46am
Quoting hdricard77
{quote} Thanks dee50. My question is which is the best configuration for other markets? RenkoBoxSize same 5 points (5 pips in EURUSD, for example...)? RenkoTimeFrame the same 3?! Sorry for asking.
No, the same size is not suitable for other instruments, they have different ADRs than the DAX.
Use the ATR setting in Renko Live charts pimped to set the bar size and then tune it to your preference from there.
Cut your Losers short and let your Winners run.
  • #9,196
  • Jul 5, 2017 10:51am Jul 5, 2017 10:51am
Thanks.

I don't have ATR in Renko Live Chart v3.2.

I missing something?
Attached Image
  • #9,197
  • Jul 5, 2017 12:13pm Jul 5, 2017 12:13pm
Quoting hdricard77
Thanks. I don't have ATR in Renko Live Chart v3.2. I missing something? {image}
Use this it is easy. https://www.forexfactory.com/showthr...4#post10007494
Cut your Losers short and let your Winners run.
  • #9,198
  • Jul 6, 2017 10:30am Jul 6, 2017 10:30am
A little bit of gambling
was so angry because I missed the whole day, could only trade in the morning and after work so I thought I must make the pips I have missed over the day.....Matomi you know what I mean!
Dax30: +7 +5,2 +5 +8 +6 -5 +32,7 +6 -6,2 +5,2 +6 +6 = 76,9 pips.
I trade a second account where I made also 52 pips, its a little bit stressful, but thats only trading on a 5 min chart, so it does not belong into this thread.
All in all a good day.
Attached Image(s) (click to enlarge)
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  • #9,199
  • Jul 6, 2017 11:03am Jul 6, 2017 11:03am
Quoting erkro
A little bit of gambling was so angry because I missed the whole day, could only trade in the morning and after work so I thought I must make the pips I have missed over the day.....Matomi you know what I mean! Dax30: +7 +5,2 +5 +8 +6 -5 +32,7 +6 -6,2 +5,2 +6 +6 = 76,9 pips. I trade a second account where I made also 52 pips, its a little bit stressful, but thats only trading on a 5 min chart, so it does not belong into this thread. All in all a good day. {image} {image}
Good job ! Very good example of "new trade is just around a corner"

I scalped it only for +10 today, not worth to post a screen, I was too busy and also I thought the range will be raping us longer, now it seems like we are heading down again, even if right now we can see a double bottom. In my opinion, it is only correction, EUR/USD flying UP and it has great PA for at least double top. But NFP is going to decide tomorrow. Be patient and careful, another rally down is possible, but we need confirmation at first.
  • #9,200
  • Jul 6, 2017 4:22pm Jul 6, 2017 4:22pm
Quoting Matomi
{quote} Good job ! Very good example of "new trade is just around a corner" I scalped it only for +10 today, not worth to post a screen, I was too busy and also I thought the range will be raping us longer, now it seems like we are heading down again, even if right now we can see a double bottom. In my opinion, it is only correction, EUR/USD flying UP and it has great PA for at least double top. But NFP is going to decide tomorrow. Be patient and careful, another rally down is possible, but we need confirmation at first.
Thanks
Lets see what happens after NFP tomorrow.
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