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  • #161
  • Aug 28, 2009 7:37am Aug 28, 2009 7:37am
Quoting DarkDays
Here is a 10 tic chart with wicks:
Hi DarkDays...I have the commercial version of Renko bars..But do not know how to 'turn the wicks on'..

Thanks in advance..freddi
  • #162
  • Aug 28, 2009 7:54am Aug 28, 2009 7:54am
Quoting freddi
Hi DarkDays...I have the commercial version of Renko bars..But do not know how to 'turn the wicks on'..

Thanks in advance..freddi
You need to re-install your renko on the m1 chart and in the properties there is a "show wicks". set it to true.

make sure you have the newest version. If you downloaded it in the last week or so, it is the newest one
  • #163
  • Aug 28, 2009 8:08am Aug 28, 2009 8:08am
In addition to correlation what I have been seeing the past few days is that one pair often seems to 'lead the way'. The past day or two it has been the AY and also today you can see AY is already breaking out while EY GY and NY are still consolidating .. made +7 on AY.
******************* I'd rather make money than be right.
  • #164
  • Aug 28, 2009 8:39am Aug 28, 2009 8:39am
4xstar,

Would you post your charts please?


Quoting 4xStar
In addition to correlation what I have been seeing the past few days is that one pair often seems to 'lead the way'. The past day or two it has been the AY and also today you can see AY is already breaking out while EY GY and NY are still consolidating .. made +7 on AY.
  • #165
  • Aug 28, 2009 8:46am Aug 28, 2009 8:46am
Yep Roto has it, just set the show wicks dropdown box to true when you apply it to the chart.

Quoting freddi
Hi DarkDays...I have the commercial version of Renko bars..But do not know how to 'turn the wicks on'..

Thanks in advance..freddi
  • #166
  • Aug 28, 2009 8:53am Aug 28, 2009 8:53am
First trade of friday, in and out within a couple of minutes. I'm not getting my hopes up, but forward testing is going well so far. 6 wins and 1 loss since yesterday.
Attached Image (click to enlarge)
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  • #167
  • Aug 28, 2009 9:35am Aug 28, 2009 9:35am
Hi, for those who trade specifically at the open of the Tokyo, London/Frankfurt, and New York markets. It isn't gauranteed that a tradeable move will happen at these times, so how long do you watch the charts until you go away and wait for the next open. For example, when trading the New York open (9:30am EST) do you watch charts from 0930-1000, or 0915-0945 etc? I've been looking for trading oppertunities for 30mins after the open, but I'm just wondering what other people are doing?

Regards,
Matthew
  • #168
  • Aug 28, 2009 9:39am Aug 28, 2009 9:39am
Another winner...
Attached Image (click to enlarge)
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  • #169
  • Aug 28, 2009 9:44am Aug 28, 2009 9:44am
Man this seems like such a crazy day. PA gone wild and I have enjoyed playing in it like a kid with a new digger in a sandbox.

Ok, yes it looks like I am not following the signals or the rules. Friday two weeks ago was the same way - totally undisciplined. However, the difference today was seeing the price action and not just letting it sit there until the next "signal". Those pips were begging to be picked up off the table.

Realistically, I got impatient on some trades and closed them early. One big loser but keep in mind it was a 5 lot as well. The drop today was well correlated between the pairs as well as with the Dow.

9 days in a row profitable. Who says PA is too hard to follow. Today it was like neon signs in Vegas pointing the way. Lose the fear and the rigidity of the rules and flow with it! Mark Douglas calls that Trading in the Zone. I agree.
Attached Image(s) (click to enlarge)
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4XTrader2
  • #170
  • Aug 28, 2009 9:46am Aug 28, 2009 9:46am
Congrats on the 9 day streak! I'll be catching up to you shortly

Again congrats on a great day. You really were in the zone!

Quoting 4xtrader2
Man this seems like such a crazy day. PA gone wild and I have enjoyed playing in it like a kid with a new digger in a sandbox.

9 days in a row profitable. Who says PA is too hard to follow. Today it was like neon signs in Vegas pointing the way. Lose the fear and the rigidity of the rules and flow with it! Mark Douglas calls that Trading in the Zone. I agree.
  • #171
  • Aug 28, 2009 9:57am Aug 28, 2009 9:57am
Congrats man!

I was busy today and missed that long ride!

Quoting 4xtrader2
Man this seems like such a crazy day. PA gone wild and I have enjoyed playing in it like a kid with a new digger in a sandbox.

Ok, yes it looks like I am not following the signals or the rules. Friday two weeks ago was the same way - totally undisciplined. However, the difference today was seeing the price action and not just letting it sit there until the next "signal". Those pips were begging to be picked up off the table.

Realistically, I got impatient on some trades and closed them early. One big loser but keep in mind it was a 5 lot...
  • #172
  • Edited 10:15am Aug 28, 2009 10:01am | Edited 10:15am
But got a few pips later (stepped out a little before the 5 pips line because the PA became sluggish, beter safe than dead)
Attached Image (click to enlarge)
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  • #173
  • Aug 28, 2009 10:40am Aug 28, 2009 10:40am
Hi DarkDays, are you using 10 or 5pip brick Renko chart?

Quoting DarkDays
Another winner...
  • #174
  • Aug 28, 2009 10:46am Aug 28, 2009 10:46am
I'm trying 10 tic bricks for now.

Quoting altoronto
Hi DarkDays, are you using 10 or 5pip brick Renko chart?
  • #175
  • Aug 28, 2009 11:24am Aug 28, 2009 11:24am
Quoting parky87
Hi, for those who trade specifically at the open of the Tokyo, London/Frankfurt, and New York markets. It isn't gauranteed that a tradeable move will happen at these times, so how long do you watch the charts until you go away and wait for the next open. For example, when trading the New York open (9:30am EST) do you watch charts from 0930-1000, or 0915-0945 etc? I've been looking for trading oppertunities for 30mins after the open, but I'm just wondering what other people are doing?

Regards,
Matthew
I usually watch from one hour before open to 2-3 hours after, depending on PA .. if we have a day with lots of movement or news, I'll stick around longer, if a dull day, shorter .. although ya' never know what will happen. But trading past noon New York time is generally pretty dead.
******************* I'd rather make money than be right.
  • #176
  • Aug 28, 2009 11:26am Aug 28, 2009 11:26am
Quoting DarkDays
First trade of friday, in and out within a couple of minutes. I'm not getting my hopes up, but forward testing is going well so far. 6 wins and 1 loss since yesterday.
Good for you DD, I took a similar trade on AY as it was leading the others up this morning .. then GY led them down so I took 3 separate shorts on that one, and finally one long .. all paid at least +5 so I am happy to end the week like that.

And I know I am the world's worst at posting charts ... I will try to be better.
******************* I'd rather make money than be right.
  • #177
  • Aug 28, 2009 12:52pm Aug 28, 2009 12:52pm
Another win, just set it and forget it... Can't wait for Monday. Netted 5.6% on my live account over the last two days. Aiming for 2% per day.
Attached Image (click to enlarge)
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  • #178
  • Aug 28, 2009 2:17pm Aug 28, 2009 2:17pm
Quoting roto7gl
You need to re-install your renko on the m1 chart and in the properties there is a "show wicks". set it to true.

make sure you have the newest version. If you downloaded it in the last week or so, it is the newest one

Thanks roto...will give it a try...freddi
  • #179
  • Aug 28, 2009 2:41pm Aug 28, 2009 2:41pm
Quoting DarkDays
So as I'm looking over asdf's charts examining Renko price action along with the commentary (thank you by the way, they are most helpful) I was thinking about a couple of patterns and why they are relevant to future price action.

Here is something you might think about if you have not already....

DarkDays
Some good Renko info here about patterns http://www.forexoma.com/renko-chart-...-renko-charts/

AW
  • #180
  • Aug 28, 2009 2:43pm Aug 28, 2009 2:43pm
Only time for one trade today.

+5 X 4 lots
That's one loss in last 10 days. That loss was my own stupidity. trading around the news AND entering late. The move was over.

Just taking one trade a day is working quite well so far.


Just watching momentum and waitin for correlation. I traded the aj today because I just liked the setup better. It had a more defined movement and direction.

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