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Buy dip sell high with rsi

  • #21
  • Aug 1, 2010 9:59am Aug 1, 2010 9:59am
Hi kevin ... accordingly to your post #11 - how may we switch to TF M2 - forgot it now ... any indi is neede for this ? Could post this indi again ? How may I switch to M2 ?

Thanks
  • #22
  • Aug 1, 2010 10:18am Aug 1, 2010 10:18am
Quoting mandl2007
hi kevin ... Accordingly to your post #11 - how may we switch to tf m2 - forgot it now ... Any indi is neede for this ? Could post this indi again ? How may i switch to m2 ?

Thanks
on m1 chart you only need to attach renkolivechart_ ea
the preset = 10pips block , that's it
you do not need any indy

then open m2 of the pair that you had on 1min
apply the template and u r ready to go
  • #23
  • Aug 1, 2010 11:42am Aug 1, 2010 11:42am
Just downloaded all indys and tpl. How do you get a M2 chart, I only see M1 and M5?. Thanks for sharing, will try when market is open but would like to get charts set up.
Barry
  • #24
  • Aug 1, 2010 12:25pm Aug 1, 2010 12:25pm
Quoting Bary
Just downloaded all indys and tpl. How do you get a M2 chart, I only see M1 and M5?. Thanks for sharing, will try when market is open but would like to get charts set up.
Bary:

You must wait for the market to open. Then go to file, open offline.
  • #25
  • Aug 1, 2010 12:28pm Aug 1, 2010 12:28pm
Thanks for the thread. i love trading renko...it definitely clears out the noise and concentrates on where the candles are closing.

Can you give us some data as to which pairs you are having more luck with?

thanks,
jacob
  • #26
  • Aug 1, 2010 12:53pm Aug 1, 2010 12:53pm
Latecomer,

Thanks for posting your method.
I am very interested in learning more....

Cheers
  • #27
  • Aug 1, 2010 1:41pm Aug 1, 2010 1:41pm
Quoting LaTeCoMeR

kevin

ur last chart daily gbpjpy .. sell high?
=>sell but rsi is green... so ?
  • #28
  • Aug 1, 2010 1:42pm Aug 1, 2010 1:42pm
Quoting Bary
Just downloaded all indys and tpl. How do you get a M2 chart, I only see M1 and M5?. Thanks for sharing, will try when market is open but would like to get charts set up.
File-> Open Offline -> look for ur pair M2
  • #29
  • Edited 7:00pm Aug 1, 2010 2:00pm | Edited 7:00pm
Quoting mistersimple
ur last chart daily gbpjpy .. Sell high?
=>sell but rsi is green... So ?
did you see the candle came back and closed below the structure
breakout point ?????

Do u want to buy at that level ????

Rsi is just for confirmation only

PRICE AND STRUCTURE POINT IS THE KEY

LOOK CLOSELY TO THE HORIZONTAL LINE AND COMPARE IT ON THE LEFT ? WHAT DO U SEE ?

WITH A MIN RISK BUT HIGH REWARD TO THE DOWNSIDE

IT'S A GOOD TRADE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: buy dip sell high 6.gif Size: 43 KB
Click to Enlarge Name: buy dip sell high 7.gif Size: 47 KB
  • #30
  • Aug 1, 2010 8:08pm Aug 1, 2010 8:08pm
OK, ATTACHED RENKOLIVECHART_3.2 EA TO 1MIN CHART ONLY.....
THEN CLICK ON FILE - OPEN OFFLINE CHART TO LOCATE & OPEN M2 OF THE PAIR AND APPLY THE TEMPLATE
YOU ARE READY TO ROCK

OK did exactly that but the chart is not live, just historical data. What am I doing wrong? Thanks for your help.
Barry
  • #31
  • Aug 1, 2010 8:39pm Aug 1, 2010 8:39pm
Quoting Bary
OK, ATTACHED RENKOLIVECHART_3.2 EA TO 1MIN CHART ONLY.....
THEN CLICK ON FILE - OPEN OFFLINE CHART TO LOCATE & OPEN M2 OF THE PAIR AND APPLY THE TEMPLATE
YOU ARE READY TO ROCK

OK did exactly that but the chart is not live, just historical data. What am I doing wrong? Thanks for your help.
make sure you check EA property and check those options
or from mt4 menu click on option then go to expert and check those options
then you will see the chart moving
Attached Image (click to enlarge)
Click to Enlarge Name: renko ea setup.jpg Size: 58 KB
  • #32
  • Aug 2, 2010 2:28am Aug 2, 2010 2:28am
LaTeCoMeR,
When going with the long trend, it appears from your charts that you consider the prior high and prior low in looking for support levels to 1st drop below and then to rise up above - in order to enter. is that a correct interpretation? thanks alot for all your efforts
traderdp
  • #33
  • Aug 2, 2010 5:00am Aug 2, 2010 5:00am
Quoting traderdp
LaTeCoMeR,
When going with the long trend, it appears from your charts that you consider the prior high and prior low in looking for support levels to 1st drop below and then to rise up above - in order to enter. is that a correct interpretation? thanks alot for all your efforts
traderdp
yes.

or worse case scenario when the green tookout the last red candle is a good

entry too

same thing for the downside
  • #34
  • Aug 2, 2010 5:15am Aug 2, 2010 5:15am
Kevin

What are your zigzag settings on the charts?
Regards
  • #35
  • Aug 2, 2010 5:17am Aug 2, 2010 5:17am
Quoting howard
Kevin

What are your zigzag settings on the charts?

5,1,3
  • #36
  • Aug 2, 2010 5:27am Aug 2, 2010 5:27am
Quoting LaTeCoMeR
5,1,3
Thank you

Could you post a chart of GBP/USD and explain what you would have done for today or explain it on my chart attached below
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
Regards
  • #37
  • Aug 2, 2010 7:55am Aug 2, 2010 7:55am
Hi,

I got weird M2 chart after loaded "RSI 13 RENKO 10 PIPS.tpl". My setting for "RenkoLiveChart_v3.2" follows #31.

Do I miss any?

Sam
Attached Image (click to enlarge)
Click to Enlarge Name: UJ_m2.JPG Size: 55 KB
  • #38
  • Aug 2, 2010 8:04am Aug 2, 2010 8:04am
Quoting sam2vt
Hi,

I got weird M2 chart after loaded "RSI 13 RENKO 10 PIPS.tpl". My setting for "RenkoLiveChart_v3.2" follows #31.

Do I miss any?

Sam
not enough data,
switch ea to 5mins tf
  • #39
  • Aug 2, 2010 8:09am Aug 2, 2010 8:09am
Quoting howard
Thank you

Could you post a chart of GBP/USD and explain what you would have done for today or explain it on my chart attached below
i got up late today so i did not take trade on gbp/usd

but the concept is either buy at the bottom where you draw a horizontal line at swinglow zigzag
or worse case scenario enter when the green candle tookout the last red candle on top
  • #40
  • Edited 8:39am Aug 2, 2010 8:11am | Edited 8:39am
this trade is going on now

this is a aggressive entry, i just got bore so i took this trade

for experience traders

you can use 2 charts

1 for 10pips as main trend
1 for 5pips for entry

when your 5pips charts form 1,2,3 pattern formation
enter the trade on next open candle
sl will be below point 2 (around 5pips) of 1,2,3 formation

exit = 2 bars reversal
or the wave of the last high
or pivot
whatever you choose

REM: SOON U IN 15PIPS PROFIT MOVE SL TO BE

my self i let it run till it form lower/low
whatever get me in then i will get out that way
Attached Image (click to enlarge)
Click to Enlarge Name: buy dip sell high 9.gif Size: 82 KB
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