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Renko line in the sand

  • #161
  • Dec 1, 2017 4:34am Dec 1, 2017 4:34am
Quoting vdubus
{quote} I also use a modified super trend to signal entry which i've attached The image just to give you an idea of how I trade it {image} {file}
It's actually a half trend indicator, I've been trying to include it in my set-ups but not been very sharp.
I noticed it always gives an entry signal after every 3 consecutive bars in one direction.
I will try it with Mean Renko and see the difference.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 283.png Size: 61 KB
Let it turn and find your entry.
  • #162
  • Dec 1, 2017 4:47am Dec 1, 2017 4:47am
I learned bitterly yesterday that just like the market can take from you 3 to 5 times in a row, be prepared to take from it 3 times in a single trade.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #163
  • Dec 1, 2017 5:16am Dec 1, 2017 5:16am
Quoting Intrepidpips
{quote} It's actually a half trend indicator, I've been trying to include it in my set-ups but not been very sharp. I noticed it always gives an entry signal after every 3 consecutive bars in one direction. I will try it with Mean Renko and see the difference. {image}
I think I like it with the Mean Renko, will study it closely.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 285.png Size: 73 KB
Let it turn and find your entry.
  • #164
  • Edited 6:14am Dec 2, 2017 4:59am | Edited 6:14am
Quoting Intrepidpips
{quote} I think I like it with the Mean Renko, will study it closely. {image}
Hi Intrepidpips,
I find this chart much clearer.
If I can afford advice, work on this basis to find your way to trading.

Best
  • #165
  • Dec 2, 2017 9:30am Dec 2, 2017 9:30am
Quoting matmomo
{quote} Hi Intrepidpips, I find this chart much clearer. If I can afford advice, work on this basis to find your way to trading. Best

I will take your advise to heart, thank you.
Let it turn and find your entry.
  • #166
  • Dec 4, 2017 4:55am Dec 4, 2017 4:55am
Quoting Intrepidpips
{quote} I think I like it with the Mean Renko, will study it closely. {image}
Someone asked for the EA

https://www.forexfactory.com/showthr...23#post9780223

On the Lower brick chart it's 2 pips (20)
The MA is 160 LWMA Weighted price shift 4, (I've shared the MA indie I use severally on this thread)

The buy and sell arrows

https://www.forexfactory.com/showthr...9#post10548909

Or search FF for half trend indicator.

The other indies are the Stoch zone and grid builder.
It appears there are robots on patrol so wont be posting templates.
The Stoch is 16,3,4
Grid is 100.
Let it turn and find your entry.
  • #167
  • Dec 4, 2017 5:36am Dec 4, 2017 5:36am
What a day, a day out of the market it seems is a day of missing out of profits.
I needed to repair my electricity generating set but the technician couldn't come this weekend. After he finished work on the set I almost cried at the awesome opportunities That i missed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RLITS 286.png Size: 169 KB
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Let it turn and find your entry.
  • #168
  • Dec 4, 2017 5:47am Dec 4, 2017 5:47am
As I was capturing the charts GBPUSD spiked and I could only grab 9 pips, well you never know when the market would just turn on you and you give up some or all you won and maybe even some more.

The half trend is really filtering out some fakeys though it gets you in a little delayed and your SL is larger.

The move up was too fast, missed the first entry, second was equally too fast, got slipped on my entry so I was not going to let go of what I'd gained after missing out on all the positive entries , a negative one may just be the next entry.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 289.png Size: 199 KB
Let it turn and find your entry.
  • #169
  • Dec 4, 2017 5:55am Dec 4, 2017 5:55am
Quoting Intrepidpips
As I was capturing the charts GBPUSD spiked and I could only grab 9 pips, well you never know when the market would just turn on you and you give up some or all you won and maybe even some more. The half trend is really filtering out some fakeys though it gets you in a little delayed and your SL is larger. The move up was too fast, missed the first entry, second was equally too fast, got slipped on my entry so I was not going to let go of what I'd gained after missing out on all the positive entries , a negative one may just be the next entry. {image}...
I was feeling in the dumps for missing that first opportunity to join the rally, then I read this and I'm not feeling too bad

https://www.forexfactory.com/showthr...7#post10543877
Let it turn and find your entry.
  • #170
  • Dec 4, 2017 7:44am Dec 4, 2017 7:44am
Quoting Intrepidpips
{quote} I was feeling in the dumps for missing that first opportunity to join the rally, then I read this and I'm not feeling too bad https://www.forexfactory.com/showthr...7#post10543877
Timing is everything when entering, you must make sure that you are at the beginning of the move before it pulses and the system is in agreement, if your entry is correct and you have timed the pulse regardless if it retraces or not you will quickly be in the green, unless you are greedy and waiting for to many pips, remember it is what this system was designed for and it picks the pulses perfectly once you know the system and have mastered it , all the best, GW

I didn't heed this piece of advise.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #171
  • Dec 15, 2017 12:12pm Dec 15, 2017 12:12pm
Days like this make me wanna cry, not losses or margin calls but missed opportunity.
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Let it turn and find your entry.
  • #172
  • Dec 15, 2017 12:43pm Dec 15, 2017 12:43pm
I used 10 pips brick size instead of 20, my bad.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 301.png Size: 67 KB
Let it turn and find your entry.
  • #173
  • Feb 9, 2018 5:43am Feb 9, 2018 5:43am
I completely reinvented the wheel, ( I do this so often but I'm hoping this will be the last revision to this method).
The Signal Chart becomes the M15 chart while the Entry Chart is the 6 brick Median or Mean Renko.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #174
  • Feb 9, 2018 5:59am Feb 9, 2018 5:59am
Quoting Intrepidpips
I completely reinvented the wheel, ( I do this so often but I'm hoping this will be the last revision to this method). The Signal Chart becomes the M15 chart while the Entry Chart is the 6 brick Median or Mean Renko. {image} {image}
New habits needed.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #175
  • Feb 9, 2018 6:35am Feb 9, 2018 6:35am
Even the "Beast" did so well.
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Let it turn and find your entry.
  • #176
  • Feb 10, 2018 10:42pm Feb 10, 2018 10:42pm
Attached Image (click to enlarge)
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Only the price on the chart can show the entrance to the deal...
  • #177
  • Feb 11, 2018 12:50pm Feb 11, 2018 12:50pm
Quoting vvFish
{image}
Nice one, that's an offline chart, but I can't tell which it is Renko, Range or ...
Then the oscillator, which is it and the settings, seems there's a Moving Average added too.
Would you mind sharing?
Let it turn and find your entry.
  • #178
  • Feb 13, 2018 5:18am Feb 13, 2018 5:18am
Added the OSMA to catch Divergence (occurs everyday).
The only thing left to deal with is the unwillingness to take a loss or give back profits made.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #179
  • Mar 9, 2018 6:48am Mar 9, 2018 6:48am
Running out of "Tuition Fees"
Attached Image (click to enlarge)
Click to Enlarge Name: TE 10.png Size: 47 KB
Let it turn and find your entry.
  • #180
  • Mar 10, 2018 8:44am Mar 10, 2018 8:44am
Looking with fresh eyes, reloaded.
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Let it turn and find your entry.
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