Market is like a puzzle, YOU have to fit the pieces!!
NITRO Scalping for serious traders
- #582
- Edited 8:06am Sep 16, 2009 8:06am | Edited 8:06am
- | Joined May 2006 | Status: Only one user name... | 1,367 Posts
Old Benjamin was right
- #583
- Sep 16, 2009 8:17am Sep 16, 2009 8:17am
- Joined Apr 2009 | Status: Trader | 1,182 Posts
Some good old Nitro stuff today...
What ma lines are you using?
The 5 pip bricks seem to piviot very well around ema 45.
- #587
- Sep 16, 2009 9:32am Sep 16, 2009 9:32am
- | Joined May 2006 | Status: Only one user name... | 1,367 Posts
LouG
I hve set up the indi as advised but the last couple of bricks are strange. Have I done something incorrectly?
Karl
Let's take all free Renko discussion to the Renko Block Charts thread on the Programming Forum
Old Benjamin was right
- #588
- Sep 16, 2009 9:36am Sep 16, 2009 9:36am
- | Joined May 2006 | Status: Only one user name... | 1,367 Posts
Old Benjamin was right
- #589
- Sep 16, 2009 9:40am Sep 16, 2009 9:40am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
Well so much for my previous analysis .. the GY took off north as if propelled by rocket fuel, EY followed and AY was the lagger! Although, as the morning progressed, AY showed the most consistent move upward as GY turned into her usual schizophrenic self and EY kept trying to follow her up & down...
I managed to get +14 on EY, +6 and +4 on AY, but I still am not quick enough on the trigger .. could have had better entries and exits & several more trades...
Practice, practice....
For charts, see DaveW's charts, above .. mine look the same
I managed to get +14 on EY, +6 and +4 on AY, but I still am not quick enough on the trigger .. could have had better entries and exits & several more trades...
Practice, practice....
For charts, see DaveW's charts, above .. mine look the same
Back to trading, I have seen no real correlation ovenight. AY looks the strongest if pairs decide to move back up .. GY the weakest if they coninue down. I noitice DaveW has not posted his usually +7, +8 etc trades so maybe he concurs there has been no clear direction.
*******************
I'd rather make money than be right.
- #591
- Sep 16, 2009 10:14am Sep 16, 2009 10:14am
My trade for today.
missed the big move...still have to work my real job.
waited for the break of the triple top and squeezed out 5 pips x 4 contracts.
Finally had some nice correlation after a morning of pairs doing their own thing.
missed the big move...still have to work my real job.
waited for the break of the triple top and squeezed out 5 pips x 4 contracts.
Finally had some nice correlation after a morning of pairs doing their own thing.
- #592
- Edited 12:12pm Sep 16, 2009 11:35am | Edited 12:12pm
I remember reading early on in the thread about the discussion of the third brick formation continuing in the current direction, or something to that effect, and was wondering if anything ever came of it. Was also wondering if there is anything concrete came from the data, and if a simple indicator could be made to place a probability like a % number somewhere to indicate the likely hood of the next brick being formed in the same direction as the last one?
Hope that makes sense.
Thanks
Q
The Only Constant Is Change!
- #593
- Sep 16, 2009 11:38am Sep 16, 2009 11:38am
- Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1,733 Posts
- #595
- Sep 16, 2009 5:12pm Sep 16, 2009 5:12pm
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
Was also wondering if ...a simple indicator could be made to place a probability like a % number somewhere to indicate the likely hood of the next brick being formed in the same direction as the last one?
Programmers .. start your engines.
*******************
I'd rather make money than be right.
- #597
- Sep 16, 2009 6:19pm Sep 16, 2009 6:19pm
Not exactly what you're looking for, but this one is pretty accurate predicting changes in trend direction.
Numbers 6 & 7 are main trend changes (7 being main changes), 5 is like trend changes within trends.
Try it out.
Numbers 6 & 7 are main trend changes (7 being main changes), 5 is like trend changes within trends.
Try it out.
Now THAT would be an indicator! (if it worked...)
Programmers .. start your engines.
- #598
- Edited 8:21pm Sep 16, 2009 7:43pm | Edited 8:21pm
- Joined Apr 2009 | Status: Trader | 1,182 Posts
Still new to using Renko charts with wicks, so just noticed with the wick-o-gram indi on a renko charts that the brick with wicks may have better odds of the next brick continuing in the same direction as the last. Or maybe I'm just seeing things. Will have to try keeping an eye on this a while.
Has anyone else noticed this? Maybe this could also be used in a renko prob meter of some kind.
Or just use the visual info as is?
I know we'll have to proof up any new indi's 100 trades or more, but if it doesn't take a lot of space & can leave on chart with what were currently using to observe it in real time forward test, then why not? Just remember to remove or hide the extra test indi's when posting the charts until all results are in.
PS: Maybe it has something to do with the slingshot effect.
Swapped the colors on the wick-o-gram just now after this screen shot, & it has a bit little more intuitive user affect with the renko bar charts. Notice how the wick-o-gram green three steps down before the brick without a wick is formed, & then trend changes direction?
Has anyone else noticed this? Maybe this could also be used in a renko prob meter of some kind.
Or just use the visual info as is?
I know we'll have to proof up any new indi's 100 trades or more, but if it doesn't take a lot of space & can leave on chart with what were currently using to observe it in real time forward test, then why not? Just remember to remove or hide the extra test indi's when posting the charts until all results are in.
PS: Maybe it has something to do with the slingshot effect.
Swapped the colors on the wick-o-gram just now after this screen shot, & it has a bit little more intuitive user affect with the renko bar charts. Notice how the wick-o-gram green three steps down before the brick without a wick is formed, & then trend changes direction?
- #600
- Sep 16, 2009 11:04pm Sep 16, 2009 11:04pm
Ok never mind. thanks for posting so we could check it out
though mandel. Moving on...
Brian
though mandel. Moving on...
Brian
Do you have the mq4 of that file? I would love to take a look at it mandel.
Also did you have this on live to see its not redrawing these?
thanks!
Brian