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More simple is impossible

  • #9,281
  • Sep 4, 2017 4:02pm Sep 4, 2017 4:02pm
Quoting Bellerofonte
Hi there, hi Matomi, sorry for my english but i'm not native (i am improving) I'm a italian apprentice trader and i would like use the renko chart in TF 2 min or 3 min. I have a Mt4 with XM (becouse i have a mac) but i don't find a renko chart for my platform (maybe is too much new?). Can you tell me in what post i can find the indicator-chart? I would like one like these of Matomi. My mt4 haven't a TF 2 or 3 min, but i think that it depende from the indicator. Thanks all and for your help.
Hello, your english is far better than mine when I started here on FF. For your questions is the best answer this tutorial video, just follow the steps -
Inserted Video
  • #9,282
  • Sep 5, 2017 2:29am Sep 5, 2017 2:29am
Thanks Matomi!
I seen the video, it's very good and very useful!
I have a last question: where I can find a renko indicator (a template like your)?
The indicators of first page of this thread don't work on my platform.
Can you tell me where I can find it?
I hope of post as soon as possible my charts, becouse I want partecipate in this discussion.
Thanks again!
  • #9,283
  • Sep 5, 2017 5:29am Sep 5, 2017 5:29am
Quoting Bellerofonte
Thanks Matomi! I seen the video, it's very good and very useful! I have a last question: where I can find a renko indicator (a template like your)? The indicators of first page of this thread don't work on my platform. Can you tell me where I can find it? I hope of post as soon as possible my charts, becouse I want partecipate in this discussion. Thanks again!
Hi. The thread has much evolved from page1, i strongly recommend you read it and study the materials that have been posted. You can find the template and all indicators in the attachment section of the thread,- you can find it on the top right of this page. Have fun. Joshua
  • #9,284
  • Sep 5, 2017 6:11am Sep 5, 2017 6:11am
Yes, you're right!

Now i find it!

I'll read all the thread!
I like this method because... seem really simply!

Thanks, i hope that i can bring something to this beautiful discussion!
  • #9,285
  • Sep 6, 2017 1:58pm Sep 6, 2017 1:58pm
DAX +13+40

Today it took couple of hours to get what I wanted and now I can call it a day. I like exactly this kind of market, slow movements, but straight ahead to the TP without pullbacks. Who knows what is going to happen tomorrow after ECB, technically it is clear uptrend now, on higher timeframes as well.
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  • #9,286
  • Sep 7, 2017 1:58pm Sep 7, 2017 1:58pm
DAX +38

Quick post, I am busy today. Opened and closed from iPhone.
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  • #9,287
  • Sep 8, 2017 5:23am Sep 8, 2017 5:23am
Hello Traders.

I've been trading for a littile over a year and a half now and started reading this thread about a month back and testing out the mean renko as it seems to be the best strategy/ method of trading that i've come to discover so far. I've recently discovered that inputing the EA on a higher time frame gives me more bars and less jumpy price moves. In the Picture below i screenshotted pics of a EURUSD in the following order.

1. 1m Mean Renko Chart
2. 1H Mean Renko Chart
3. H4 Mean Renko Chart
3. D1 of the Mean Renko Chart

Is there a negetive side to basing my renko charts on a higher timeframe like the D1 chart? I think it gives smoother price points which is good as i prefer having less false triggers in my trades but I'm unsure if these historical readings are false. If there is a downside to basing my mean renko on a higher timeframe like a D1 or H4 please let me know. Any advice/feedback would be greatly appreciated.

Thank you.
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Click to Enlarge Name: D1 RENKO.PNG Size: 51 KB
  • #9,288
  • Sep 8, 2017 5:55am Sep 8, 2017 5:55am
Quoting Vukosm
Hello Traders. I've been trading for a littile over a year and a half now and started reading this thread about a month back and testing out the mean renko as it seems to be the best strategy/ method of trading that i've come to discover so far. I've recently discovered that inputing the EA on a higher time frame gives me more bars and less jumpy price moves. In the Picture below i screenshotted pics of a EURUSD in the following order. 1. 1m Mean Renko Chart 2. 1H Mean Renko Chart 3. H4 Mean Renko Chart 3. D1 of the Mean Renko Chart Is there a negetive...
I don't know the technical stuff behind it, but the EA will not work properly if you don't run it on a M1 chart.
Invincibility lies in the defence; the possibility of victory in the attack
  • #9,289
  • Sep 8, 2017 6:33am Sep 8, 2017 6:33am
Quoting Vukosm
Hello Traders. I've been trading for a littile over a year and a half now and started reading this thread about a month back and testing out the mean renko as it seems to be the best strategy/ method of trading that i've come to discover so far. I've recently discovered that inputing the EA on a higher time frame gives me more bars and less jumpy price moves. In the Picture below i screenshotted pics of a EURUSD in the following order. 1. 1m Mean Renko Chart 2. 1H Mean Renko Chart 3. H4 Mean Renko Chart 3. D1 of the Mean Renko Chart Is there a negetive...
Charts from higher TFs are so pretty because Renko is repainted. When you watch it real-time, you will get the same Renko chart no matter if you put your Renko generator on M1 or H1. And false signals doesn't exist, only bad entries
  • #9,290
  • Sep 8, 2017 10:36am Sep 8, 2017 10:36am
Quoting Matomi
{quote} Charts from higher TFs are so pretty because Renko is repainted. When you watch it real-time, you will get the same Renko chart no matter if you put your Renko generator on M1 or H1. And false signals doesn't exist, only bad entries

Well said; Thanks
  • #9,291
  • Sep 11, 2017 4:23am Sep 11, 2017 4:23am
DAX +55+2+50

So far today, let's see if this son of manipulation can go higher, everything is possible till German elections.
BTW, I agree with friday's entry was too risky, even more hold it over week with overbought market like this and few GAPs to fill lower, but..
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  • #9,292
  • Sep 11, 2017 12:17pm Sep 11, 2017 12:17pm
DAX +29

End for today, but not end for manipulation I suppose.
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  • #9,293
  • Sep 11, 2017 12:39pm Sep 11, 2017 12:39pm
Quoting Matomi
DAX +29 End for today, but not end for manipulation I suppose. {image}
What makes you think that there's manipulation?
Invincibility lies in the defence; the possibility of victory in the attack
  • #9,294
  • Sep 11, 2017 3:54pm Sep 11, 2017 3:54pm
Quoting BBalazs
{quote} What makes you think that there's manipulation?
Price action. It's so obvious they are trying to rocket it up before election. Fibo retracements, expansions (mainly those from higher TFs) doesn't even make any pullbacks, not usual stuff. Generally, technical analysis is the last thing I can rely on till 24th of September.
  • #9,295
  • Sep 12, 2017 4:25am Sep 12, 2017 4:25am
Hi guys... want to ask you about the stoch cycles: we wait on the HTF renko the new stoch cycle and then enter on the LTF stoch pullbacks(at brn, fibs) in the direction of HTF stoch??
  • #9,296
  • Sep 12, 2017 4:28am Sep 12, 2017 4:28am
Quoting Solomadjan
Hi guys... want to ask you about the stoch cycles: we wait on the HTF renko the new stoch cycle and then enter on the LTF stoch pullbacks(at brn, fibs) in the direction of HTF stoch??
Very good question, you answered yourself. This is exactly how the stochastic should be used combined with PA to reach high probability win entries.
  • #9,297
  • Sep 12, 2017 4:35am Sep 12, 2017 4:35am
Quoting Matomi
{quote} Very good question, you answered yourself. This is exactly how the stochastic should be used combined with PA to reach high probability win entries.
Thank you for the answer... many times saw that only one htf candle formed in new direction... and on the ltf is good entry point: mini pullback, div, brn... but then no way even to b/e...
  • #9,298
  • Sep 12, 2017 5:35am Sep 12, 2017 5:35am
DAX +24+5

As I wrote, no reaction to 12500, this is not healthy DAX, I even doubt about pullback from 61,8% of whole downtrend from Daily chart now, this is too strong uptrend and still 12 days remains to election.

Guys, I have to take break from posting for a while, I neglect some other more important things in my life and I need to fix it up. Hope we will see soon again, and I will be able to support this thread with far better results than now.
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  • #9,299
  • Sep 12, 2017 11:05am Sep 12, 2017 11:05am
Hello guys, good to see you are still nailing them pips. I have not been trading for a while now but just go over my charts every now and then.
I had a cursory look at the Mexican Pesso the other day and boy it is like Dax on steroids. Maybe you could look it up yourselves.
Ciao.
Let it turn and find your entry.
  • #9,300
  • Sep 13, 2017 6:10am Sep 13, 2017 6:10am
Fail again, can somebody tell what i'm doing wrong?
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