Hello fellow traders,
Speculating short on h4.
Thanks
Speculating short on h4.
Thanks
"The markets can remain irrational longer than you can remain solv
- #491
- Feb 15, 2018 7:43pm Feb 15, 2018 7:43pm
- Joined Jul 2011 | Status: Gold Again | 10,569 Posts
EURCAD Bulls shouldn't be disappointed with recent downturn unless 1.4790 is broke on a daily closing basis. {image}
Very good analysis, I need to follow you closer, thanks for sharing
It takes a lot for me to IGNORE you, but you can try.
- #492
- Feb 16, 2018 5:35am Feb 16, 2018 5:35am
- Joined Aug 2013 | Status: Trader | 4,899 Posts
Price entered my buy zone and all valid parameters have been met. First of three potential positions filled.
RENKO BRICK SIZE = 10.7 PIPS (10% OF 20 ADR)
RENKO BRICK SIZE = 10.7 PIPS (10% OF 20 ADR)
Pride always comes before destruction.... -Proverbs 16:18
- #495
- Edited 12:40am Feb 18, 2018 12:01am | Edited 12:40am
- Joined Aug 2013 | Status: Trader | 4,899 Posts
{quote} It sounds to me like you are using an indicator-type Renko generator not an Expert kind. That's the kind I would like to use. Please upload any renko related indicator/expert that you are using and your template. I found an earlier message of mine on another thread that contains an indicator which changes the periods to what is desired if a two minute chart isn't available on the platform. https://www.mql5.com/en/code/7936 Thank you, thank you. Here https://www.forexfactory.com/showthread.php?t=518136 is another thread...
It needs DLL checked and uses 7 minute offline charts.
Also, I have read a lot of Mathtrader's post (great stuff) but this new system I am testing isn't based on average true range. It's based on trading in the direction of the latest impulse wave using hidden divergence as my entry criteria along with a couple of other filters. I am using 10% of the 20 day average daily range to determine the brick size for my Renko chart. This keeps the method consistent across all pairs.
When I have time I will be starting a new thread explaining this method. I have been manually testing this method for about 6 months and think I may be done tweaking it at this point. I started a TE a couple of weeks ago using all of the latest tweaks and would like to trade exactly this way for a couple more months before committing a larger amount of capital to this method.
Pride always comes before destruction.... -Proverbs 16:18
- #496
- Feb 22, 2018 9:52am Feb 22, 2018 9:52am
- | Joined Apr 2011 | Status: Trader | 1,281 Posts
skyhigh appreciation; sorry took long to respond. I will await with interest developments from you! 
{quote} I have read every Renko thread on FF and have tried pretty much every free Renko indicator/ea. Sometimes my platform freezes when I have too many charts up so I have been using this one and it does what I need it to do. It's an indicator. It needs DLL checked and uses 7 minute offline charts. {file} Also, I have read a lot of Mathtrader's post (great stuff) but this new system I am testing isn't based on average true range. It's based on trading in the direction of the latest impulse wave using hidden divergence as my entry criteria along...
- #499
- Feb 24, 2018 4:06pm Feb 24, 2018 4:06pm
- | Joined Apr 2011 | Status: Trader | 1,281 Posts
Hi fellow traders, i would like to ask professionally about a particular situation i’m facing now. hahaha... i would definitely use some smart advice rather than ridicules. currently i’m caught up in the trade of EUR/CAD. i came in and bought big lots for long @ 1.56102 & 1.56583 for my TP at 1.56990 around there. i had a bullish opinion to catch the final wave. however that pair turned drastically and went down. now i’m caught with a situation ever since this pair dropped to 1.55252. I then started to short down (still holding my longs) to try...
Next two weeks big data for CAD - late this week and then rate middle of next. Here is a link to a site that I can't say gets it always right or wrong of course but you can see for sure trends even if the amounts conjectured are off the mark the people who created the table had reasons why they put in the trends they did in the pair. https://longforecast.com/euro-to-cad...anadian-dollar
My opinion is that the Eur is strong and will continue to be except against the dollar. I'd rather sell. I've been selling from good levels, but the continuation is what I am looking for.....follow through. I am hedged at the moment. The pair went down fast to the 61.8% level on my monthly pivot indicator and pierced it with a huge wick. Yes, in my view we will see high 56 and much higher. But we will also see activity vis a vis Cad within my lifetime
This sort of thing teaches detachment. Best from Hawaii several oceans away from yourself.