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More simple is impossible

  • #9,221
  • Edited 6:07am Aug 1, 2017 5:51am | Edited 6:07am
Quoting wolftraderbr
How do you guys set the renko brick size? Do you use ATR 14 period, fixed brick sizer or ATR from a 1H chart? I see a lot of false signals in MACD
Pick 3 pages at random and look at the charts, what do you think the settings are? or alternatively set ATR to 14 and see if the setting matches any of the charts you see posted. Not a helpful answer, I know, it's a bitch when some body will not put in the work for you!
False signals in MACD? You will have to explain what false signals you are getting. It is a bit cryptic.

EDIT. You probably think I am being a bit hard on you, but there are at least 400 pages on this thread that have charts on them, most of them mention the same Renko Bar sizes, so why?? are you asking such a basic question.
Cut your Losers short and let your Winners run.
  • #9,222
  • Aug 1, 2017 6:16am Aug 1, 2017 6:16am
Quoting dee50
{quote} Pick 3 pages at random and look at the charts, what do you think the settings are? or alternatively set ATR to 14 and see if the setting matches any of the charts you see posted. Not a helpful answer, I know, it's a bitch when some body will not put in the work for you! False signals in MACD? You will have to explain what false signals you are getting. It is a bit cryptic.
I think you're using a 1 pip brick size, and I assume you have 2pip brick size stop when you enter a trade. I'm not asking you put the work for me, I just wanted to change some experience regarding brick size, I know you are a experienced trader in Renko. I am using a 2 pip brick and get a lot of stops and false signals as you can see from the image below.

I've marked red entrys (when a box close in direction of MACD(7,10,5) with a poor Risk/Reward ratio.
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  • #9,223
  • Aug 1, 2017 7:15am Aug 1, 2017 7:15am
Quoting wolftraderbr
{quote} I think you're using a 1 pip brick size, and I assume you have 2pip brick size stop when you enter a trade. I'm not asking you put the work for me, I just wanted to change some experience regarding brick size, I know you are a experienced trader in Renko. I am using a 2 pip brick and get a lot of stops and false signals as you can see from the image below. I've marked red entrys (when a box close in direction of MACD(7,10,5) with a poor Risk/Reward ratio. {image}
OK, now you have given us a point of reference.
1. I use fixed 3 and 5 pip Renko Bars with a 1hr/30min chart as HTF reference. I trade mainly off the 5 pip chart dropping to the 3 pip when I need a more detailed view, some of the others scalp (matomi) using just the 3 pip bar and a HTF reference chart. I suggest using Renko Chart Suite as that makes it easy to change from 3 to 5 or whatever size you want.
2. You are going to get stopped out virtually every trade with a 2 pip SL that simply is not enough breathing room for a trade especially on the DAX.
3. I use a 10/20 pip or last swing SL, moving to BE +2 as soon as possible, it varies depending on PA, in prior times it was move to BE at 5 pips and the momentum would carry the trade forward rarely bothering the BE SL, but now volatility is different I have to decide if I move to BE after 5 pips or 10 pips, depends on the momentum.
4. I still don't know what MACD signal you are using, but it is clearly not any thing that we use here, as MACD is used mainly for Divergence and we haven't used MACD with histogramm for a long time.
5. if you are genuinely interested in trading like the traders here, Read the thread, it is obvious by your questions that you have not.
Cut your Losers short and let your Winners run.
  • #9,224
  • Aug 1, 2017 7:18am Aug 1, 2017 7:18am
Quoting wolftraderbr
{quote} I think you're using a 1 pip brick size, and I assume you have 2pip brick size stop when you enter a trade. I'm not asking you put the work for me, I just wanted to change some experience regarding brick size, I know you are a experienced trader in Renko. I am using a 2 pip brick and get a lot of stops and false signals as you can see from the image below. I've marked red entrys (when a box close in direction of MACD(7,10,5) with a poor Risk/Reward ratio. {image}
Nice joke, keep going and write when we can start laughing, then.

PS: How many times we wrote "read the whole thread".
  • #9,225
  • Aug 2, 2017 9:36am Aug 2, 2017 9:36am
GER30+10+10+8+18+2+2+9+25+10+14+15. very messy to start, I took a bit of heat on the first lot, then resistance had formed with divergence for my next one which was a clean run to TP, that emboldened me and I took even more heat, twice, after that I moved to BE and lo and behold 2 lots got taken at BE but the 3rd looked like it might run, below was a block of singles with a Major S&R slap bang in the middle, but price rejected at the top of the singles so I took +9 and got out. Next was a 123, no divergence but it was at CP, BRN, MAs & BOR enough areas of resistance to justify the 123. I stopped for lunch and missed that run back up to resistance but I waited for the turn down following profit taking, Resistance was Divergence and a 123, not a clean 123 so I waited for the BO, took 3 lots and staged the TPs 1st & 2nd taken to plan but third got kissed and left.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #9,226
  • Aug 2, 2017 9:39am Aug 2, 2017 9:39am
Quoting Matomi
{quote} PS: How many times we wrote "read the whole thread".
out of 462 pages "read the whole thread" was used 137 times.
Cut your Losers short and let your Winners run.
  • #9,227
  • Aug 3, 2017 3:20am Aug 3, 2017 3:20am
GER30 +14 +33. I was only looking for a short and found one. Opening Range was still forming so I used S&R at the bottom as the TP, better judgement should have been the BRN, no harm done, didn't give much back. Divergence at a load of resistances indicated the turn back down, I waited for price to clear the BRN before entering, didn't get in where I wanted as price spurted a couple of bars in one but caught a small pullback bar, as it turns out a full pullback came just 2 bars later with a clear entry point there. Split my TPs just in case. Have a nice day!! Unlikely that I will post again for the rest of August at least not in this thread, I have another project starting that needs my full attention.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #9,228
  • Aug 3, 2017 4:24pm Aug 3, 2017 4:24pm
Quoting dee50
GER30 +14 +33. I was only looking for a short and found one. Opening Range was still forming so I used S&R at the bottom as the TP, better judgement should have been the BRN, no harm done, didn't give much back. Divergence at a load of resistances indicated the turn back down, I waited for price to clear the BRN before entering, didn't get in where I wanted as price spurted a couple of bars in one but caught a small pullback bar, as it turns out a full pullback came just 2 bars later with a clear entry point there. Split my TPs just in case. Have...
Thanks Dee, Once again a clear and precise explanation of your thinking when making a trade, I am learning so much from this. Enjoy your break from this thread and will look forward to more wisdom in the Autumn

Cheers...Des
  • #9,229
  • Aug 6, 2017 9:01pm Aug 6, 2017 9:01pm
Good to see your post again, Dee!

Your latest chart brings new understanding for me how to use divergences and 123 around BRN

Actually, I'm just glad this thread and You, are still alive and well, for my own selfish reason

Wishing you well, my friend
  • #9,230
  • Aug 7, 2017 3:37am Aug 7, 2017 3:37am
DAX +25

Finally, opportunity to trade at morning. Low momentum, but with a right dose of patience it's possible to make some pips today, too. Clues are marked in the chart.
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  • #9,231
  • Aug 7, 2017 7:33am Aug 7, 2017 7:33am
question for you matomi...hopefully I can learn so I'd be able to enter earlier before the Breakdown
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  • #9,232
  • Aug 7, 2017 8:36am Aug 7, 2017 8:36am
Quoting PappaJack
question for you matomi...hopefully I can learn so I'd be able to enter earlier before the Breakdown {image}
The answer is on the chart. "RH 61,8% + 2B" I'd add there was also 25 level bounce.

There was pretty big chance for false break as it was into the 00 level. I wouldn't personally risk jumping in the middle of the move into the possible support. I'd rather wait for break & bounce. But that's just me.

I also remember Matomi saying he's trying to be in the move as early as possible.

That's just my 2 cents. Have a nice day.
  • #9,233
  • Aug 7, 2017 8:48am Aug 7, 2017 8:48am
2B? what is that? I must have dozed off in class

there is a hidden dev plus 123 break to the upside before the short.

is that a typical fake out signal? a break out by one bar and close to the other side on the next bar?

please elaborate
  • #9,234
  • Aug 7, 2017 9:26am Aug 7, 2017 9:26am
Quoting PappaJack
2B? what is that? I must have dozed off in class there is a hidden dev plus 123 break to the upside before the short. is that a typical fake out signal? a break out by one bar and close to the other side on the next bar? please elaborate
http://lmgtfy.com/?q=2b+reversal+pattern

Maybe look for the pictures first. You'll get the idea faster.
  • #9,235
  • Aug 7, 2017 9:32am Aug 7, 2017 9:32am
Quoting nuckern
{quote} The answer is on the chart. "RH 61,8% + 2B" I'd add there was also 25 level bounce. There was pretty big chance for false break as it was into the 00 level. I wouldn't personally risk jumping in the middle of the move into the possible support. I'd rather wait for break & bounce. But that's just me. I also remember Matomi saying he's trying to be in the move as early as possible. That's just my 2 cents. Have a nice day.
Exactly, buddy .

Quoting PappaJack
2B? what is that? I must have dozed off in class there is a hidden dev plus 123 break to the upside before the short. is that a typical fake out signal? a break out by one bar and close to the other side on the next bar? please elaborate
I wouldn't call it a fake signal, personaly I don't like this term in trading since I learned a bit more about PA. At least 90% of moves are logic based, and signals to them depends only on your zoom. Try to find entry to every single move and find out where it should stop, this is how you can avoid a false signals .

Your first question answered Nuckern, for better understanding why I am trying to be in trade as soon as possible, read a PDF by Jason Alan Jankovsky posted here in thread, I use his ideology because it is only one which makes a sence to me. In short - the best entry is always in the place where after you will add orders another traders and will pump price to your direction. Maybe it sounds too simple to be taken seriously.

2B pattern - when first swing is broken by second swing but it is immediately rejected and price returns back. Add a divergence, BRN or S/R to it and you know very powerful way how to recognize a change of direction. Of course, it's not 100% .
  • #9,236
  • Aug 7, 2017 9:55am Aug 7, 2017 9:55am
Thank you Nuckern and Matomi

Will read up the PDF after market closes.

I am so freaking lucky to be in good companies
  • #9,237
  • Aug 8, 2017 11:44am Aug 8, 2017 11:44am
DAX +10+2+4

I missed the spike up, but I can call it a day, same.

Quoting PappaJack
Thank you Nuckern and Matomi Will read up the PDF after market closes. I am so freaking lucky to be in good companies
You're welcome, good decisions to read it, the first and only book which opened my eyes, at least little bit.
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  • #9,238
  • Aug 9, 2017 11:45am Aug 9, 2017 11:45am
DAX +10+5

I am posting bit lately, but here it is for today.
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  • #9,239
  • Aug 10, 2017 8:22am Aug 10, 2017 8:22am
DAX +10+10+3+2-2-5-5+13

God, bless America.
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  • #9,240
  • Aug 11, 2017 10:55am Aug 11, 2017 10:55am
Quoting Matomi
DAX +10+10+3+2-2-5-5+13 God, bless America. {image} {image}
Great trading Matomi
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