Williams%R, SAR X-over 15 minute candles | Page 228 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #4,541
  • Edited 9:08am Jan 6, 2024 7:38am | Edited 9:08am
Quoting RickM
{quote} Hi Driven Looks like we trade the same pair at about the same contract size. Although nothing wrong with going up to 4 contracts occassionally. The issue for us of course is liquidity has ceiling on ENQ and trading larger risks us being targeted & trapped by bigger traders if we show our poker hand to them. Those results look special, great trading. PS. You certainly like wider stops than me, obviously our strategies are quite different.
Hey RickM, glad to hear from you and thank you for compliment.

So after years of being at it(even in the same discord years back), we ended up trading same instrument and with the same contract size. Although, I also trade Dow Futures but on 1 Hour TF.

I do not control my Stops with the set amount of ticks. They are based on PA and liquidity/volatility of intraday session time period when the trade is running.

I remember your style of trading and understand why occasionally you may go to 4 contracts. I cannot do that as I have shorter limit on amount of trades I execute during the day and I believe I have larger TPs. And with larger TPs, come larger Stop Losses.

Good Luck to All of US!
  • #4,542
  • Jan 8, 2024 10:20am Jan 8, 2024 10:20am
Very easy day good PA moving at a moderate to slower pace. with a steady trend. Vidvad thank you for the Bar Status indicator very helpful.
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  • #4,543
  • Jan 8, 2024 11:11am Jan 8, 2024 11:11am
last trade of the day.
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  • #4,544
  • Jan 9, 2024 9:15am Jan 9, 2024 9:15am
Hi, I am Diego from Argentina, and I am sorry for my english, I want to know if somebody can tell me how use in Tradingview the Heikin Ashi on renko.
Or if there is some similar configuration that I can use.
By the way excellent post Rocky!!!!!

Thanks
  • #4,545
  • Jan 9, 2024 9:33am Jan 9, 2024 9:33am
Another kind of moderate paced day, caught the end of a run down for a nice win, then got caught in sideways chop for a small loss and small win. The caught a nice run up.
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  • #4,546
  • Jan 9, 2024 10:40am Jan 9, 2024 10:40am
Last trade of the day.
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  • #4,547
  • Jan 9, 2024 10:43am Jan 9, 2024 10:43am
Quoting IchiTwo
Hi, I am Diego from Argentina, and I am sorry for my english, I want to know if somebody can tell me how use in Tradingview the Heikin Ashi on renko. Or if there is some similar configuration that I can use. By the way excellent post Rocky!!!!! Thanks
Sorry I have no knowledge of Tradingview platform. Maybe someone else does.
  • #4,548
  • Jan 9, 2024 10:48am Jan 9, 2024 10:48am
What time zone are you in Rocky? (looked at your profile but it seems the time on your Ninja doesn't correspond).

What is your idea time you trade? I know you mentioned it before.

Thank you and Happy New Year!
  • #4,549
  • Jan 9, 2024 11:14am Jan 9, 2024 11:14am
Quoting dbdan
What time zone are you in Rocky? (looked at your profile but it seems the time on your Ninja doesn't correspond). What is your idea time you trade? I know you mentioned it before. Thank you and Happy New Year!
Found it

"I trade mostly the NY open say starting 8am EST till 11am. I trade 3 says a week Tues-Thurs. I trade 1-5 lots depending on my mood." ~~rockypoint
  • #4,550
  • Jan 9, 2024 11:25am Jan 9, 2024 11:25am
First part is correct about time I trade. But it probably works out to 4 days trading sometimes 5ince I'm trading just ES or NES I trade mostly 2 contracts on ES and 5 on MES. My time zone is MST same as Phoenix AZ.
  • #4,551
  • Jan 9, 2024 12:13pm Jan 9, 2024 12:13pm
Quoting IchiTwo
Hi, I am Diego from Argentina, and I am sorry for my english, I want to know if somebody can tell me how use in Tradingview the Heikin Ashi on renko. Or if there is some similar configuration that I can use. By the way excellent post Rocky!!!!! Thanks
I poked around to see if there was any info on Tradingview with regards to you question I didn't find anything.
  • #4,552
  • Jan 10, 2024 4:49am Jan 10, 2024 4:49am
I "think" H.A. candles are available by default, without needing an indi. Renko is not available.
Good Trading
  • #4,553
  • Jan 10, 2024 8:51am Jan 10, 2024 8:51am
Nicest start to a day I've had in awhile.
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  • #4,554
  • Jan 10, 2024 11:41am Jan 10, 2024 11:41am
Started fast then died, 1 more trade a small win. I'm done for the day.
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  • #4,555
  • Jan 10, 2024 3:02pm Jan 10, 2024 3:02pm
You are amazing Rocky! Still trading on demo.

Another question: I see you changed your block size to 5 from 4. How do you determine when to do this?
  • #4,556
  • Jan 10, 2024 5:18pm Jan 10, 2024 5:18pm
Quoting dbdan
You are amazing Rocky! Still trading on demo. Another question: I see you changed your block size to 5 from 4. How do you determine when to do this?
I'm not rocky but his answer will probably be something close to mine: I change the brick size based on how the market is moving day to day: I want the smallest brick size that will give several opportunities without creating a chaart that moves so fast that I am unable to get in and out with profits and limited losses.

For example, for crude oil (CL) at the moment, I prefer a 10 brick renko as below:

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A 21 brick renko (which I have used for oil in the past) is too large right now:

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And a 4 brick renko is just too choppy and way too fast for me right now:

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How you determine what brick size is best for you and the instrument you are trading is simply a matter of plugging in different figures and doing a quick back test of the most recent three days or so to see if 1) is that brick size giving you good set ups and 2) are the set ups happening at a pace that you will be able to get your orders in without the market running away from you?

One thing that really helps to get in to trades in a timely manner is to use that bar status indicator I posted the link to a few days ago. That indicatpr tells you when a new renko HA candle will start. Once you have watched your market trading in real time over several weeks and months, you will develop an eye and a feel for how YOU like to see the bars print, and you will come to recognize when you might need to increase or decrease the renko brick size.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,557
  • Jan 10, 2024 6:24pm Jan 10, 2024 6:24pm
Quoting dbdan
You are amazing Rocky! Still trading on demo. Another question: I see you changed your block size to 5 from 4. How do you determine when to do this?
Listen to Vidvad Too small and bars will print too fast, too large to slow. I'm looking for a happy median.
  • #4,558
  • Jan 11, 2024 9:21am Jan 11, 2024 9:21am
Great day +140 ticks so far, currently long and at B/E.
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  • #4,559
  • Jan 11, 2024 9:32am Jan 11, 2024 9:32am
Closed long trade and wound up reentering couple of minutes later.
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  • #4,560
  • Jan 11, 2024 9:39am Jan 11, 2024 9:39am
2 more little trades, now I'm just being a little greedy. So think I'll call it quits for the day.
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