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Williams%R, SAR X-over 15 minute candles

  • #4,041
  • May 11, 2023 10:11am May 11, 2023 10:11am
Ok busy morning got up late again. Didn't start trading until a little before 6:30. Missed some really good trades on Gbp and Euro but that's going to happen sometimes. Wound up with 3 trades on the Euro, 1 on the Aud and one on the Nzd. Actually I'll go back and look again but also missed trades on Aud, Nzd and Chf too. But good PA today. Anyway hit target for the day.
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  • #4,042
  • May 11, 2023 12:31pm May 11, 2023 12:31pm
Extra hour of sleep cost me big time today but it's gonna happen still had a very good day.
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  • #4,043
  • May 11, 2023 1:55pm May 11, 2023 1:55pm
Thanks vidvad for pointing that out. Appreciate it.

Kind Regards,
dreampips
  • #4,044
  • May 11, 2023 3:41pm May 11, 2023 3:41pm
Just for info all my latest trades have been on TOS for at least 2 weeks now. Using Range/Heiken Ashi candles. Sytems will work with any number of candles whether time based or range based. I have accounts with both Ninja Trader and TOS. TOS is fine for futures, options and stocks not good for FX. Ninjatrader is fine for futures, as far as FX, Options and Stocks I don't know because I haven't used them for that.
  • #4,045
  • May 11, 2023 5:38pm May 11, 2023 5:38pm
Hello folks. After doing some tweaking, I discovered that using mt4 renko with a 1 pip brick size will be exactly the same as a 5 tick chart that rockypoint uses basically.

1. because rockypoint trades futures, his tick calculations are different from the spot market pip calculation which means when he closes out on a 46 tick move for example, in the spot market that is really 25 pips roughly.
2. a difference that i discovered is that risk to reward will be very good being that each brick is 1 pip. so if rockypoints stop loss is 10 ticks for example, mt4 stop will be anywhere between 2-4 pips or until price goes back into the ma tunnel.
3. although renko isnt a time base chart, the 1pip brick makes it exactly comparable to the 1min candlestick chart just only cleaner price action.

*this is just for the record, not trading advise and although there are a few more differences these are the most obvious ones that i concluded thus far*
feel free to chime in
  • #4,046
  • May 11, 2023 5:53pm May 11, 2023 5:53pm
Quoting ewebb205
Hello folks. After doing some tweaking, I discovered that using mt4 renko with a 1 pip brick size will be exactly the same as a 5 tick chart that rockypoint uses basically. 1. because rockypoint trades futures, his tick calculations are different from the spot market pip calculation which means when he closes out on a 46 tick move for example, in the spot market that is really 25 pips roughly. 2. a difference that i discovered is that risk to reward will be very good being that each brick is 1 pip. so if rockypoints stop loss is 10 ticks for example,...
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  • #4,047
  • May 11, 2023 6:06pm May 11, 2023 6:06pm
much less confusing price action
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  • #4,048
  • May 15, 2023 9:15am May 15, 2023 9:15am
Good Start to this week..1 Hour TF Dow Futures - MA Channel technique..monitoring closely, getting ready to close the shop and go surfing(See you there, Rocky )
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  • #4,049
  • May 15, 2023 8:41pm May 15, 2023 8:41pm
hello rockypoint. i remember you saying in the past that you trade futures instead of the spot market because of the difference in volume. will you tell me how you factor volume into your trading decisions? are you requiring a certain tick volume amount before taking a trade?
  • #4,050
  • May 16, 2023 7:16am May 16, 2023 7:16am
Quoting ewebb205
hello rockypoint. i remember you saying in the past that you trade futures instead of the spot market because of the difference in volume. will you tell me how you factor volume into your trading decisions? are you requiring a certain tick volume amount before taking a trade?
You have to remember that futures market is much closer to spot market than CFD contracts which are light years away from spot. If you hold futures possision till Expiry Date you can choose phisical delivery (currencies, metals, commodities).
Trading CFDs you are not trading on real market. CFDs are "artificial product " of broker for smalest investors, traders. You dont even have real volume , only number of ticks in specific time.
  • #4,051
  • May 16, 2023 8:17am May 16, 2023 8:17am
Quoting iwan73
{quote} You have to remember that futures market is much closer to spot market than CFD contracts which are light years away from spot. If you hold futures possision till Expiry Date you can choose phisical delivery (currencies, metals, commodities). Trading CFDs you are not trading on real market. CFDs are "artificial product " of broker for smalest investors, traders. You dont even have real volume , only number of ticks in specific time.
yes thank you, so how should tick volume relate to qualifying an entry of a trade?
  • #4,052
  • May 16, 2023 11:22am May 16, 2023 11:22am
Quoting ewebb205
{quote} yes thank you, so how should tick volume relate to qualifying an entry of a trade?
It is question to Rockypoint.
But if i should answer your question i would say that volume is not part of this system. You dont have to wait for heavy volume on entry renko box as confirmation .
I believe that Rockypoint preferes futures market because of big volume in general meaning.
He trades E6 contracts with more than 100.000 volume each day. If i would trade few contracts i am pretty sure i could open trade without slippage coz DOM is deep enought.
  • #4,053
  • May 16, 2023 3:26pm May 16, 2023 3:26pm
Iwan is correct.
  • #4,054
  • May 16, 2023 3:28pm May 16, 2023 3:28pm
Haven't traded last couple of days, been poking around looking for a new kite board destination, along with some plain old good surfing. 2 don't always go together.
  • #4,055
  • May 16, 2023 6:04pm May 16, 2023 6:04pm
Quoting iwan73
{quote} It is question to Rockypoint. But if i should answer your question i would say that volume is not part of this system. You dont have to wait for heavy volume on entry renko box as confirmation . I believe that Rockypoint preferes futures market because of big volume in general meaning. He trades E6 contracts with more than 100.000 volume each day. If i would trade few contracts i am pretty sure i could open trade without slippage coz DOM is deep enought.
thank you
  • #4,056
  • May 16, 2023 8:56pm May 16, 2023 8:56pm
Looks like it will be Maui, they have separate beaches for just surfing and just kiteboarding. Now to find a house.
  • #4,057
  • May 17, 2023 2:51pm May 17, 2023 2:51pm
Another beauty Dow Futures for +225 Points - MA Channel(inspired)logic.

I am receiving multiple PMs about this technique, MA Channel came from Rocky, the rest is 5 years of hard work identifying proper opportunities, using stops, trailings, period of times, etc...I am only posting final results to show that MA Channels work.
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  • #4,058
  • May 18, 2023 11:29am May 18, 2023 11:29am
Been moderately obsessed planning our vacation, finished up this morning. I traded a little today the Euro and Chf and thanks to Chf turned into a very good day. So back to normal starting tomorrow. Vacation will be June 8th thru the 24th.
  • #4,059
  • May 18, 2023 1:02pm May 18, 2023 1:02pm
I have scalped 7 ticks on euro (short) just after red news at pre market open.
  • #4,060
  • May 18, 2023 1:53pm May 18, 2023 1:53pm
Forgot to post trades.
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