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Renko line in the sand

  • #101
  • Oct 11, 2017 1:49pm Oct 11, 2017 1:49pm
I didn't have the opportunity to see the charts talk less of putting on a trade but the system is performing nicely, still trying to witness the moves live so I can be certain of its percentage of error.
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Let it turn and find your entry.
  • #102
  • Oct 11, 2017 1:54pm Oct 11, 2017 1:54pm
Counter trend (CT) trading against the 64LWMA opportunities abound but they may not run for long sometimes then sometimes they become trend following.
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Let it turn and find your entry.
  • #103
  • Oct 11, 2017 2:24pm Oct 11, 2017 2:24pm
While I was posting.........
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Let it turn and find your entry.
  • #104
  • Oct 12, 2017 11:23am Oct 12, 2017 11:23am
hey man, ever tried to predict whether the next box will be up or down r:r 1:1 ?
  • #105
  • Oct 12, 2017 11:39am Oct 12, 2017 11:39am
Quoting metta87
hey man, ever tried to predict whether the next box will be up or down r:r 1:1 ?
Yes I have in time past but I just can't keep to the 1:1 R:R
Total disaster, now I just want to follow my indicators direction.

If you have any insights please feel free to share.
Let it turn and find your entry.
  • #106
  • Oct 12, 2017 11:43am Oct 12, 2017 11:43am
Quoting Intrepidpips
{quote} Yes I have in time past but I just can't keep to the 1:1 R:R Total disaster, now I just want to follow my indicators direction.
so with which r:r do you keep up now ? you seem to like divergence a lot, maybe i'll take a look.
  • #107
  • Oct 12, 2017 1:53pm Oct 12, 2017 1:53pm
Quoting metta87
{quote} so with which r:r do you keep up now ? you seem to like divergence a lot, maybe i'll take a look.
Yes I like Divergence especially Hidden Divergence.
I normally trade with a 7.2 pips SL and a TP of 41 pips. Keeping to it is another kettle of fish because the trend is your friend till it turns on you.
Let it turn and find your entry.
  • #108
  • Oct 12, 2017 2:27pm Oct 12, 2017 2:27pm
Quoting Saerill
Hi Intrepidpips, could you share this newest template & indis? It looks very promising.
The inspiration for the new template is from here.

https://www.forexfactory.com/showthr...70#post9334470

https://www.forexfactory.com/showthr...57#post9334557

Then I added my own indicators and paradigm.
I can't post a template now as it is still a "Work in Progress"

Most of the indicators have already been posted on this thread

The CCI is from here

https://www.forexfactory.com/showthr...6#post10169076

Here's what is left.
Attached File(s)
File Type: mq4 3c_JRSX_H.mq4   5 KB | 359 downloads
File Type: ex4 3c_JRSX_H.ex4   12 KB | 287 downloads
File Type: ex4 AbsoluteStrenghtHisto2.ex4   21 KB | 387 downloads
File Type: mq4 AbsoluteStrenghtHisto2.mq4   9 KB | 334 downloads
Let it turn and find your entry.
  • #109
  • Oct 17, 2017 2:28am Oct 17, 2017 2:28am
Quoting Intrepidpips
{quote} The inspiration for the new template is from here. https://www.forexfactory.com/showthr...70#post9334470 https://www.forexfactory.com/showthr...57#post9334557 Then I added my own indicators and paradigm. I can't post a template now as it is still a "Work in Progress" Most of the indicators have already been posted on this thread The CCI is from here https://www.forexfactory.com/showthr...6#post10169076 Here's what is left. {file} {file} {file} {file}
I found out yesterday that the IMDB FX indicator is a sneaky repainter, to the left of the charts it gives fantastic almost no loss signals but forward testing, it will trigger you short or long only to change it's mind after as much as 3 closed bricks.
Let it turn and find your entry.
  • #110
  • Oct 20, 2017 2:08am Oct 20, 2017 2:08am
Back to the simple and uncomplicated.

It doesn't get simpler than this.

I missed the first entry, wanted to scalp before the second signal came so was still on the loosing trade when it came and my emotions got in the way so I stayed out. I took the 3rd signal with my target at the last high and had to shut out those demons that were screaming get out this range will end in a bearish move.
End of the day, breakeven.
Bye bye to repainting indicators (how some people trade successfully with them I don't know).
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #111
  • Oct 20, 2017 3:06am Oct 20, 2017 3:06am
Yesterday and today are very good examples of a freaking awesome trend. Trend changes, dips (in the case of Bullish trend) and continues upwards, adn reverse for Bearish.
After the new trend it's just to wait for the RSX oscillator to go into oversold rotation (in the case of Bullish trend) and turn back up while CCI returns above 0.

The had part is when it's a ranging day.

I went to eat and found that a Long signal had done well.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #112
  • Oct 20, 2017 3:49am Oct 20, 2017 3:49am
Quoting Intrepidpips
Yesterday and today are very good examples of a freaking awesome trend. Trend changes, dips (in the case of Bullish trend) and continues upwards, adn reverse for Bearish. After the new trend it's just to wait for the RSX oscillator to go into oversold rotation (in the case of Bullish trend) and turn back up while CCI returns above 0. The had part is when it's a ranging day. I went to eat and found that a Long signal had done well. {image}
GBPUSD has been trending nicely lately so I had to go to a ranging day to see how well this approach worked.
11th October was such a day, it started with a down trend than went sideways before breaking to the upside.
6 positive entries 3 negative entries.
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Let it turn and find your entry.
  • #113
  • Oct 20, 2017 3:56am Oct 20, 2017 3:56am
While I'm busy posting charts , the market id busy raining pips.
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Attached File(s)
File Type: ex4 RSX 3C.ex4   6 KB | 345 downloads
File Type: mq4 RSX 3C.mq4   5 KB | 355 downloads
Let it turn and find your entry.
  • #114
  • Nov 7, 2017 3:17am Nov 7, 2017 3:17am
I am trying to implement the use of the Fib Extention tool for my targets so I don't keep jumping off trades and taking peanuts while the market doesn't change it's mind when it's gunning for my SL.
I have settled for my Higher brick chart to remain the way it is 10 pips. Still tweaking my entries added the CCI candles and the BB.
I had some trades today, but didn't take the 4th signal, didn't have much fight left.
Live to fight another day.
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Let it turn and find your entry.
  • #115
  • Nov 8, 2017 8:32am Nov 8, 2017 8:32am
Quoting Intrepidpips
I had some trades today, but didn't take the 4th signal, didn't have much fight left. Live to fight another day. {image} {image}
I checked back a little while ago and I found that it was just the unwillingness to loose that keeps me from taking valid signals. the remaining signals that I ignored all turned out great.

Tweaking further I should be confident enough to take ALL MY VALID SIGNALS NOW.
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Let it turn and find your entry.
  • #116
  • Nov 8, 2017 8:34am Nov 8, 2017 8:34am
There will be losses no doubt but the winners should be more.
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Let it turn and find your entry.
  • #117
  • Nov 8, 2017 8:49am Nov 8, 2017 8:49am
No need chasing tops and bottoms.
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Let it turn and find your entry.
  • #118
  • Nov 20, 2017 7:51am Nov 20, 2017 7:51am
I think I am getting as close to where I want to be.


A simple definition of the trend and a line that represents the trend on the higher brick chart, becomes my "Line in the sand".
A simple momentum indicator for showing when the trend is resuming on the lower brick chart, then in addition, a "Repainting" but dependable indicator that draws arrows for resumption of the trend.

The Vdubs Pivot channel is actually a TMA indicator but I have only found it to work best with the MEDIAN Renko.
It's like a ping-pong game and I will keep my eyes on the ball.
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Let it turn and find your entry.
  • #119
  • Nov 20, 2017 8:16am Nov 20, 2017 8:16am
The game is simpler now commit to your targets.
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Let it turn and find your entry.
  • #120
  • Nov 21, 2017 2:00am Nov 21, 2017 2:00am
Horrible trading from me today.
First I was spooked out by a spike and it all went downhill after I bailed out of another after it seemed it was reversing.

I had to look at the Pointobar again and saw that the Vdub pivot channel needed a little more tweaking to match up with the mean Renko chart display.
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Let it turn and find your entry.
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