{quote}
+81.
- #2,323
- Jul 1, 2015 11:06am Jul 1, 2015 11:06am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #2,324
- Jul 1, 2015 11:07am Jul 1, 2015 11:07am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #2,327
- Jul 1, 2015 11:22am Jul 1, 2015 11:22am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #2,330
- Jul 1, 2015 1:57pm Jul 1, 2015 1:57pm
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
this made my week
really thank you for sharing this.
really thank you for sharing this.
nescentia necat
- #2,331
- Edited 2:35pm Jul 1, 2015 2:12pm | Edited 2:35pm
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
updating some chart post#2263
all targets in the crosshairs!
just a little bit of concern about that level on dxy that could slow some things ..
usdcad D rsi14
gbpusd D
eu D
dxy D
and ej D
all targets in the crosshairs!
just a little bit of concern about that level on dxy that could slow some things ..
usdcad D rsi14
gbpusd D
eu D
dxy D
and ej D
nescentia necat
- #2,333
- Jul 1, 2015 2:41pm Jul 1, 2015 2:41pm
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
last trade ; It's bedtime" {image}
well done!
nescentia necat
- #2,336
- Edited Jul 2, 2015 9:30am Jul 1, 2015 3:45pm | Edited Jul 2, 2015 9:30am
Dee50's TEMPLATE AND HOW TO APPLY RENKO TO CHART
Applying renko to charts
1. Extract the files to the data folder.
2. Open your desired pair on M1.
3. Scroll the chart back until you have at least 1 or 2 months of data ( hold the HOME-button to speed things up).
4. Go to Tools->Options->Expert Advisors. Make sure your settings look like the picture below.
5. Right click the chart and load the "5 pip 1min base chart" template. Open one more of the same pair on M1 and load the "10 pip 1 min Base chart" template.
6. Go to File->Open Offline. Open the M3 and M10 timeframe
Applying Dee50's Template
1. Open the M3 timeframe and load the 5 pip renko template.
2. Open the M10 timeframe and load the 10 pip renko template.
This is how it should look like:
5 pip renko and 10 pip
Fibonacci retracement settings
Add the following numbers to the fibonacci retracement:
-1.27
-1.618
-2
FAQ
Where are the M3 and M10 timeframes? I can't find them.
If you don't have those timeframes, then you'll need to create one by opening PeriodConverter under the Scripts folder and create first those timeframes by dragging it over the M1 chart and putting in 3 first and then create another one with 10.
How do I customize the renkos?
To customize the pips and type of data(timeframe) right click one of the M1 chart and go to Expert Advisor->Properties. RenkoBoxSize for pips and RenkoTimeFrame for what time frame you want to base the renko on.
Some of Dee50's Quotes
"I trade 9am to 5pm GMT +1"- dee50
"The market gives you lots of clues, Sherlock would have made a fortune trading."- dee50
"As in all things trading, do not assume that every 123 is a reversal, look for a reason."- dee50
"Be careful with Divergence in a Trending Market, when a market is trending look for divergence but wait for confirmation, 123 (abc) formation before entering CT or be ready to exit fast...."- dee50
"Just a quick mention about Divergence. Divergence is a "Leading Indicator" in other words it warns you that some thing is likely to happen, not that it will happen. Like any crystal ball it is NOT 100% accurate." - dee50
"I rarely take a trade based on only one of the criteria there has to be at least 2 reasons preferably 3. eg. Divergence on it's own is no good it has to be at a significant level, BRN, S&R, Fib level. 123 reversal, same criteria. 123 continuation...."- dee50
"The way I am trading is based on the attached PDF this was compiled by a trader called jjrvat back in 2008"- dee50
( You can find the PDF "Day-Trading_2.0[1] JJRVAT" in this download section.)
"No. I run a 10pip brick (1hr) and a 3pip Brick (1min) chart, that is all. I look for setups on the 3 pip chart and check the 10 pip for direction."- dee50
(Although dee50 now uses 5pip brick instead of 3.)
"Use the Stochs as a cycle indicator, combine that with the Fxkred renko counter and you know exactly where the price will go for at least 2 or 3 10 pip bars, that means you have a 20 - 30 pip window in which to take out some pips."- dee50
Applying renko to charts
1. Extract the files to the data folder.
2. Open your desired pair on M1.
3. Scroll the chart back until you have at least 1 or 2 months of data ( hold the HOME-button to speed things up).
4. Go to Tools->Options->Expert Advisors. Make sure your settings look like the picture below.
5. Right click the chart and load the "5 pip 1min base chart" template. Open one more of the same pair on M1 and load the "10 pip 1 min Base chart" template.
6. Go to File->Open Offline. Open the M3 and M10 timeframe
Applying Dee50's Template
1. Open the M3 timeframe and load the 5 pip renko template.
2. Open the M10 timeframe and load the 10 pip renko template.
This is how it should look like:
5 pip renko and 10 pip
Fibonacci retracement settings
Add the following numbers to the fibonacci retracement:
-1.27
-1.618
-2
FAQ
Where are the M3 and M10 timeframes? I can't find them.
If you don't have those timeframes, then you'll need to create one by opening PeriodConverter under the Scripts folder and create first those timeframes by dragging it over the M1 chart and putting in 3 first and then create another one with 10.
How do I customize the renkos?
To customize the pips and type of data(timeframe) right click one of the M1 chart and go to Expert Advisor->Properties. RenkoBoxSize for pips and RenkoTimeFrame for what time frame you want to base the renko on.
Some of Dee50's Quotes
"I trade 9am to 5pm GMT +1"- dee50
"The market gives you lots of clues, Sherlock would have made a fortune trading."- dee50
"As in all things trading, do not assume that every 123 is a reversal, look for a reason."- dee50
"Be careful with Divergence in a Trending Market, when a market is trending look for divergence but wait for confirmation, 123 (abc) formation before entering CT or be ready to exit fast...."- dee50
"Just a quick mention about Divergence. Divergence is a "Leading Indicator" in other words it warns you that some thing is likely to happen, not that it will happen. Like any crystal ball it is NOT 100% accurate." - dee50
"I rarely take a trade based on only one of the criteria there has to be at least 2 reasons preferably 3. eg. Divergence on it's own is no good it has to be at a significant level, BRN, S&R, Fib level. 123 reversal, same criteria. 123 continuation...."- dee50
"The way I am trading is based on the attached PDF this was compiled by a trader called jjrvat back in 2008"- dee50
( You can find the PDF "Day-Trading_2.0[1] JJRVAT" in this download section.)
"No. I run a 10pip brick (1hr) and a 3pip Brick (1min) chart, that is all. I look for setups on the 3 pip chart and check the 10 pip for direction."- dee50
(Although dee50 now uses 5pip brick instead of 3.)
"Use the Stochs as a cycle indicator, combine that with the Fxkred renko counter and you know exactly where the price will go for at least 2 or 3 10 pip bars, that means you have a 20 - 30 pip window in which to take out some pips."- dee50
Energy, frequency and vibration.
DE30 +185 +212 +3 +74. First trade was actually supposed to be a 70 pip range trade but then the daily frenzy started and I had time to reassess my TP, used a HTF 123 pattern for the targets, did not quite reach my 2nd TP but dbl top + div was the signal to close. 2nd trade was a long with divergence off the 38% retr, got stopped for B/E +3 by a bit of slippage but as it turned out price would not have run up any way. 3rd trade tp just got taken, after yesterday I have been more careful with my TP placement. I think it will need another feeding...
I'd like to ask why didn't you sell bearish divergences and what was your reason for 3rd trade. Just 38 retracement? I mean.. The trade before you got stopped for B/E +3. On the other hand higher low was playin... Thanks for the answer.
40 deg? Cold beverage and chillin by the pool. Nobody would ever get me out of there!
- #2,338
- Jul 1, 2015 7:17pm Jul 1, 2015 7:17pm
- | Joined Apr 2008 | Status: Trader | 1,040 Posts
Good Trading
- #2,339
- Jul 2, 2015 1:33am Jul 2, 2015 1:33am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
Dee50's TEMPLATE AND HOW TO APPLY RENKO TO CHART {file} Applying renko to charts 1. Extract the files to the data folder. 2. Open your desired pair on M1. 3. Scroll the chart back until you have at least 1 or 2 months of data ( hold the HOME-button to speed things up). 4. Go to Tools->Options->Expert Advisors. Make sure your settings look like the picture below. {image}{image} 5. Right click the chart and load the "5 pip 1min base chart" template. Open one more of the same pair on M1 and load the "10 pip 1 min Base chart" template. 6. Go to File->Open...
WOW! drammen!
also dee quotes!
you're my idol
really nice work!
nescentia necat
- #2,340
- Jul 2, 2015 1:46am Jul 2, 2015 1:46am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
Hi Dee, Friska , I think right? thx {image}
setup is correct imho,
but dee is the master here.
nescentia necat