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EURUSD

  • #133,501
  • Aug 20, 2009 5:17pm Aug 20, 2009 5:17pm
bbl protect my short
those who can, do. those who cant, talk about those who can
  • #133,502
  • Edited 5:43pm Aug 20, 2009 5:18pm | Edited 5:43pm
Draw a fib, open properties and add %$ to each level and you have the prices.
Quoting gatorinla
i like that fib indi..that puts in price..
Attached Image
  • #133,503
  • Aug 20, 2009 5:20pm Aug 20, 2009 5:20pm

What is the fucking system here, everything what I send here must go via the Conservatives and then my speech puplicerad one day later!!

  • #133,504
  • Aug 20, 2009 5:23pm Aug 20, 2009 5:23pm
Well bed time for me, so good luck to shorts, my stop 1.4300
  • #133,505
  • Edited 5:50pm Aug 20, 2009 5:39pm | Edited 5:50pm
The last 4 hour bar is a shooting star with high of the week, so it looks bearish again. However, it seems we've broken that upper trendline, so I'll just manage open positions until something happens. Anything can happen on friday as trades get closed for the weekend and of course the news.

Good luck

Dazzer
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  • #133,506
  • Aug 20, 2009 5:46pm Aug 20, 2009 5:46pm
I am somewhat using a Renko system, and that says there is no reason to short at the moment.
I'm not quite sure what you are telling below but if you wonder if I use trendlines the answer is yes, but they are made to be broken

"I found a use for it...". You dropped it in the recycle bin?

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Quoting gatorinla
hey see if your able to come up with lines instead on candles on your overlay.. i found a use for it..
Close your eyes when you feel you are going under.
  • #133,507
  • Aug 20, 2009 5:49pm Aug 20, 2009 5:49pm
Oh, by the way I expect a breakout soon in gold. M5 triangle. And you know my guess... E/U will follow.
Close your eyes when you feel you are going under.
  • #133,508
  • Aug 20, 2009 5:50pm Aug 20, 2009 5:50pm
Quoting Fly2
http://piphut.com/forex-income-calculator/It has advanced options for lot size and value too
Looks like GB news may be better than expected/lets see If I figured this out right
Correct URL for the forex income calculator:
http://piphut.com/forex-income-calculator
"A goal without a plan is just a wish."
  • #133,509
  • Aug 20, 2009 5:56pm Aug 20, 2009 5:56pm
Mine looks different.

(BTW: I'm not trading that stuff, only watching the chart once a while)

Quoting VinzZ
I am somewhat using a Renko system,...
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  • #133,510
  • Aug 20, 2009 5:59pm Aug 20, 2009 5:59pm
Holy! That is a nice chart. My renko indicator is configured at 10pips a block. The "problem" is that it only uses the pips when the candle is closed. I am watching it at the M5. Your Renko indicator uses the tickchart values? If yes, do you wonna share that, it looks so impressive!

EDIT: by a closer look I see your Renko is configured at 5pips a block, and that makes more noise. (The art of noise! )

Quoting cobraforex
Mine looks different.

(BTW: I'm not trading that stuff, only watching the chart once a while)
Close your eyes when you feel you are going under.
  • #133,511
  • Aug 20, 2009 6:00pm Aug 20, 2009 6:00pm
Quoting discohero
Nothing crazy here, just looked at 4H and saw this. Still upside is limited and we are moving sideways for now.

http://img19.imageshack.us/img19/990...d4h200809m.jpg
I don't get your trendline drawing
  • #133,512
  • Aug 20, 2009 6:01pm Aug 20, 2009 6:01pm
Quoting norrismp
Correct URL for the forex income calculator:
http://piphut.com/forex-income-calculator
thought that word got in the way heh
  • #133,513
  • Aug 20, 2009 6:03pm Aug 20, 2009 6:03pm
That's the commercial Renko indi, can't share it, sorry.

The system (The Art of Noise) is my way to see Renko, but like I said, it's not ready to trade or share yet.

Need more time to prove it.


Quoting VinzZ
Holy! That is a nice chart. My renko indicator is configured at 10pips a block. The "problem" is that it only uses the pips when the candle is closed. I am watching it at the M5. Your Renko indicator uses the tickchart values? If yes, do you wonna share that, it looks so impressive!
  • #133,514
  • Aug 20, 2009 6:08pm Aug 20, 2009 6:08pm
Just remember, there is a free version what works pretty well:
http://www.forexfactory.com/showthread.php?t=189584;)

Quoting VinzZ
Holy! Your Renko indicator uses the tickchart values? If yes, do you wonna share that, it looks so impressive!

EDIT: by a closer look I see your Renko is configured at 5pips a block, and that makes more noise. (The art of noise! )
  • #133,515
  • Aug 20, 2009 6:10pm Aug 20, 2009 6:10pm
Quoting cobraforex
That's the commercial Renko indi, can't share it, sorry.

The system (The Art of Noise) is my way to see Renko, but like I said, it's not ready to trade or share yet.

Need more time to prove it.
A commercial Renko indi? Where did you find that one, or did you program it your own?
Close your eyes when you feel you are going under.
  • #133,516
  • Aug 20, 2009 6:14pm Aug 20, 2009 6:14pm
Thanks for that one! I appreciate that!
I never found another Renko indicator for MT4 and you pop one out of the blue

Quoting cobraforex
Just remember, there is a free version what works pretty well:
http://www.forexfactory.com/showthread.php?t=189584;)
Close your eyes when you feel you are going under.
  • #133,517
  • Aug 20, 2009 6:22pm Aug 20, 2009 6:22pm
This screenshot shows the free one, it very rarely "eats" a brick, mostly when you re-iniciate the platform but isn't relevant to trade.

I still can't see many advantage of trading Renko in short term trading as the time factor is filtered but who knows?

Quoting VinzZ
Thanks for that one! I appreciate that!
I never found another Renko indicator for MT4 and you pop one out of the blue
Attached Image (click to enlarge)
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  • #133,518
  • Aug 20, 2009 6:50pm Aug 20, 2009 6:50pm
Looking for a big drop today or tomorrow
  • #133,519
  • Aug 20, 2009 6:56pm Aug 20, 2009 6:56pm
Quoting Forex_Group
Looking for a big drop today or tomorrow
Why?
Not all sins are created equal
  • #133,520
  • Aug 20, 2009 6:58pm Aug 20, 2009 6:58pm
Quoting cobraforex
This screenshot shows the free one, it very rarely "eats" a brick, mostly when you re-iniciate the platform but isn't relevant to trade.

I still can't see many advantage of trading Renko in short term trading as the time factor is filtered but who knows?


All the "renko" stuff does is to aggregate a pre definated number of previous bars into one "block" nothing else.

It works just like an MA. The visual effect is different and for some folks it helps their Psychological side of trading.
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