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Attachments: Williams%R, SAR X-over 15 minute candles
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Williams%R, SAR X-over 15 minute candles

Quoting investwisely
Hi LiboCop, I have recently installed the renko post #4281. Would you be happy to share the renko setting you are using on the below chart? I am trying to work out a renko size and renko type (normanl/mean/shifted). Thank you. {quote}
GM, you're welcome.
Normal Renko without wicks.
On Dax I have Renko 3 pts, it means on my broker 300 (you can it see on top right on my chart) ....depends on digits, you have to try, on my other broker is for 3 pts setting 30 etc.
On SPX500 a have 1 pts and, it means 100. I set it similarly according RP, he has Renko 4 ticks, and because on MT4 we don't count ticks you have to know, how many ticks is one point, now it looks RP has 4 ticks = 1pt......depends on Broker and type of future contract.

Today's DAX to now attached.
Hope it helps.

Edit: added next trade
Edit2: the last one for now above BRN

SU

PS: All my trades are executed using pending orders. This will help you a lot. Try it
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Don't think!
No trading for me today. Was our anniversary last night, friends had a party feeling a little fuzzy today
Happy anniversary Rocky! I have been a watcher and user of your method for quite awhile, and I want to thank you for you contribution to my trading turnaround. I just needed to keep it simple and straight forward. I used to jump around with different techniques, but in one of your eariler posts, it stuck when you said that this is one of the bigger flaws with struggling traders, is that they don't stick with one proven edge.. Thanks again all my best
Quoting LiboCop
{quote} GM, you're welcome. Normal Renko without wicks. On Dax I have Renko 3 pts, it means on my broker 300 (you can it see on top right on my chart) ....depends on digits, you have to try, on my other broker is for 3 pts setting 30 etc. On SPX500 a have 1 pts and, it means 100. I set it similarly according RP, he has Renko 4 ticks, and because on MT4 we don't count ticks you have to know, how many ticks is one point, now it looks RP has 4 ticks = 1pt......depends on Broker and type of future contract. Today's DAX to now attached. Hope it helps....
Thanks mate, it is very helpful. I believe my chart now looks similar. I will try it and see how I will go... There's alot to learn and hopefully will get there one day.
Thanks once again for making it easier for me to understand.
Happy trading
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Quoting rockypoint
No trading for me today. Was our anniversary last night, friends had a party feeling a little fuzzy today
Happy anniversary RP.
Best wishes. Happy trading.
GM, hard to trade today. I waso nly longs.
Sum +7
My 2nd trade is very debatable.
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Don't think!
A labor of love this has been for me. I've been quiet here but still working to make a version of the rocky method that really makes me comfortable, and I am very close to it. The indi below is the Williams%R (I use fast stochastic which is the same indi but it doesn't use the %R's inverted scale).

Essentially combine elements of both of rocky's templates.

Days like this used to chew me up and spit me out. The basic rocky method and working on my discipline is keeping me on the right side, even when a trade is a loss.

Three trades for a total of 29 ticks. I stop after 2 losses in a row or 3 trades total. Today was 3 small wins.

Tomorrow is another day.

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If you cannot explain it, it is discretionary, which means it is random.
Choppy day like this are where you earn your money, you may not hit your targets, but staying profitable and hitting 25=50% of daily target is gold.
Busy morning 5 trades in an hour 1 B/E, 2 Small losses and 2 solid wins. For now will watch awhile and let it churn hoping for a consolidation and breakout.
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No consolidations showing up so just waited adx to get close to 25 for a bounce worked out for 1 more decent win. Think that's it for me today. Time to run errands and go food shopping.
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Watching from distance. Thanks for continuous updates Rocky.
Quoting rockypoint
{quote} I'll answer questions if asked, but I'm not going to hold your hand and tell you what to do every step of the way.
Jeez, rock. You mean we got put work into this if we want to succeed?

But that's hard.
If you cannot explain it, it is discretionary, which means it is random.
Nice solid start to the day 3 straight 20+ tick wins.
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Getting bored, 1 more trade
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Quoting rockypoint
Nice solid start to the day 3 straight 20+ tick wins. {image}
This is the first time I have seen this rocky, but your data and my data are very different even though we are both using Ninjatrader and the same settings.

Here is your chart (the three lines I drew in black correspond to yesterday's high, yesterday's close, and today's open, from top to bottom - I added them for reference to my chart).
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And here is my chart: Both 4 Renko MES and yet mine doesn't show that little bear flag thata you have that gave you a second entry. I have only two entries.
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Actually, it does look like you might be running a different data source. Are you using CQG or Rythmic?

Your data:
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My data:
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If you cannot explain it, it is discretionary, which means it is random.
Quoting rockypoint
Getting bored, 1 more trade {image}
I've been watching the NQ/MNQ side by side with the ES/MES.

Many times they have similar signals, but much better follow through with the Q's than the S&P's. ES/MES does so much back and forth even on the better trades. NQ/MNS back fills too, but usually moves more before it does.

I might switch to MNQ next week to see how it goes.
If you cannot explain it, it is discretionary, which means it is random.
I use rithmic
Quoting rockypoint
I use rithmic
Weird how the two data feeds apparently aggregate the Renko differently.
If you cannot explain it, it is discretionary, which means it is random.
good day for this strategy
rockypoint do you wait until adx crossesover 25 to enter ?
and do you enter with market order
Good trading day, little bit of a late start. My computer decided to replace my old snipping tool with the new "Snip and Stretch" which is reaaaally baaad. Took my low tech mind awhile to get the old app back.
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Generally I like to catch ADX crossing 25 or bouncing off 25 for entries. Yes I enter on market orders.
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