dax short out +33+117 but look where is the closig pos level I have no words. {image} {image}
Nice end to the week for you.
Cut your Losers short and let your Winners run.
- #3,561
- Oct 2, 2015 7:36am Oct 2, 2015 7:36am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Nice end to the week for you.
- #3,562
- Oct 2, 2015 7:43am Oct 2, 2015 7:43am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} The first top was during the asia. And as we figured out last time Friska doesn't have cash 24/5 DAX so no asia no top..) About 10pip scalps looks so easy.. but it's not. I bet no SL and using 10p as a cycle. When 10p renko goes OS/OB stop scalping, right?
2. Easy? Yes it is, with a little practice you can jump in and out all day. Today I used a 10 pip Sl 10 pip TP.
Cut your Losers short and let your Winners run.
My way of giving back to the thread… Realising the importance mapping out S&R on the HTF, I started doing this but it became a bit fiddly and prone to error to then copy/move/edit the lines across to the 10p and 5p renko charts. So anyway, I've put together this indicator to do the boring work!
Simply add it to your H4 or whatever, then draw your S&R lines, then edit the selected line and add the word “copy” to the end of the Name. Note: do not add the indicator to your other charts. For example:
Horizontal Line Name: Horizontal Line 40902
Change it to: Horizontal Line 40902 copy
The indicator will then duplicate the line across all open charts with the same symbol. It will keep the charts in sync too If you move it, change the style, colour etc.
Simply add it to your H4 or whatever, then draw your S&R lines, then edit the selected line and add the word “copy” to the end of the Name. Note: do not add the indicator to your other charts. For example:
Horizontal Line Name: Horizontal Line 40902
Change it to: Horizontal Line 40902 copy
The indicator will then duplicate the line across all open charts with the same symbol. It will keep the charts in sync too If you move it, change the style, colour etc.
- #3,564
- Oct 2, 2015 9:08am Oct 2, 2015 9:08am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} The first top was during the asia. And as we figured out last time Friska doesn't have cash 24/5 DAX so no asia no top..
at worst, there was a direction movement of 20pip,
so, for curiosity
nescentia necat
- #3,565
- Oct 2, 2015 9:09am Oct 2, 2015 9:09am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #3,566
- Oct 2, 2015 10:21am Oct 2, 2015 10:21am
{quote} i've marked all 50level stoch cross on 10p renko today at worst, there was a direction movement of 20pip, so, for curiosity {image}
{quote} 1. Of course, it becomes obvious when some one points out the obvious to you. Thank you.
The problem isn't SL or TP if you time your entry right.. And that's the the problem. Timing! I still didn't figure how to time entries with renko..Even stoch doesn't make it much easier.
Was you entries based only on 5pip or 10pip as well. ?
10p makes sense in first one as you waited to 10p goes from OB which was 2bars 10pip or 4bars 5pip.. Second one was 123 so the only one bar 10p renko ( or 2 5pip) should be sufficient.
- #3,567
- Oct 2, 2015 10:34am Oct 2, 2015 10:34am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
GER30 +145x2. I may have missed this morning and most of the afternoon, but patience pays, I just let it run and trailed behind. I nearly closed at the Daily open which was also the 200% from where I entered, but I had just tested the Super Jolt Duplicator and put the pink level in at 9635 and thought what the hell let it run. {image}
- #3,569
- Oct 2, 2015 10:49am Oct 2, 2015 10:49am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote}{quote} So how are you satisfied with 24/5 so far? If we don't count you have to use another broker to see gaps.
Stop making it so the bloody difficult. Just watch how the 5 pip and 10 pip stochs correspond to each other, use the FX kred indicator that shows the open and close of the next bar and before long you will "know" you will develop a "Feel" when you can jump in and grab a few.
I did not just look at a Renko chart and go, Huh Piece of P_ss, quite the opposite, Trial and Error and much of it before I got the rhythm.
Cut your Losers short and let your Winners run.
- #3,570
- Oct 2, 2015 10:53am Oct 2, 2015 10:53am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} ha! cool
Thank you very much for the Super Jolt Duplicator, sounds like something from Star Trek"Scotty, Get the Super Jolt Duplicator I want another 2 of those Blondes"
Cut your Losers short and let your Winners run.
- #3,572
- Oct 2, 2015 3:21pm Oct 2, 2015 3:21pm
- Joined Sep 2014 | Status: No permanent address | 673 Posts
GER30 +10x5. +10x5. +40x5. Got back too late to join the party, a 50 pip gap down courtesy of NFP, hope you all bagged some of that. I have just had to go for the consolation prize, I leveraged up and went for small pips which is what a lot of ,lot of ,lot of pro traders do anyway. You may think that they get 100s of pips each trade, they do! but it is 10 pips x 20, 30, 50 100 lots, when I am rich enough I will trade 1,000 lots for 1 pip each day, I will become a Low Frequency Trader (LFT), opposite of HFT, and trade for 1 minute per day....
Exactly!!!!.........catch a single 10 pip Renco bar per day....100 lots per trade.......couple million a year.....
- #3,573
- Oct 3, 2015 3:42am Oct 3, 2015 3:42am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #3,574
- Oct 3, 2015 3:48am Oct 3, 2015 3:48am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #3,576
- Oct 4, 2015 2:11am Oct 4, 2015 2:11am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} Oh sorry I looked to wrong day.. Friday actually wasn't that bad.. I posted 3 days to view.. And I have to apollogize and agree with you about the directional bias although there can be quite drawdown. And if man wait for 5pip cycle he can miss the move. But it's definetely better option then just jump in I guess.. Anyway I marked 20pips room with green thumb up, zero reversal with red thumb down, 10pips+- with red cross, and your chart comparsion with two red lines. I didn't marked asia. And didn't care about S/R etc.. Just crosses. Also...
ok, now I can see ...
I wrote some notes on your chart, reasoning while doing it. I never thought of this evolution of things so I'm going by logic. and while I do is an exercise also for me. Now, of course we know all that to do things with a static chart, are all masters ... but if I look at the chart, and I stick to the TL and color / inclination of MA (wich MA and value?) I can avoid CT situations DD insured, taking home a good percentage of win trade target.
i marked - TL - TMA touch - buy sell zones - 833 stoch cross in direction
what do you think?
nescentia necat
{quote} ok, now I can see ... I wrote some notes on your chart, reasoning while doing it. I never thought of this evolution of things so I'm going by logic. and while I do is an exercise also for me. Now, of course we know all that to do things with a static chart, are all masters ... but if I look at the chart, and I stick to the TL and color / inclination of MA (wich MA and value?) I can avoid CT situations DD insured, taking home a good percentage of win trade target. i marked - TL - TMA touch - buy sell zones - 833 stoch cross in direction {image}...
Let's say 7 winnings and 2 losses 30pips SL and TP... 1:1
6 winnings 3 losses 20p SL, 30p TP 1:1,5 way better but tiny sample...
I hope I counted it right..
As guide with use of 5p renko it could be good.. More observation needed.
But I'm not sure how did you mean it. So please tell me.
- #3,579
- Oct 5, 2015 1:11am Oct 5, 2015 1:11am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
