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RENKO system with Mihailo!

  • #81
  • Nov 7, 2011 10:33am Nov 7, 2011 10:33am
Quoting FelixFX
@ Milhailo

I had to remove the minicharts cause they are killing my cpu
You dont need it!

Its just my nostalgie fot THV!
  • #82
  • Nov 7, 2011 10:33am Nov 7, 2011 10:33am
Quoting smilee89
I must say the lower indicator looks different in the later picture in relation the previous one.
Its because I didnt refresh it before I took a picture!
  • #83
  • Nov 7, 2011 10:40am Nov 7, 2011 10:40am
minicharts are not necessary?

trix as used ?....... oversold and overbuy?..........and the lines are crosses it's moment to buy/sell.
  • #84
  • Nov 7, 2011 10:43am Nov 7, 2011 10:43am
you should look at higher tf H1 and H4. this will help you to find stron s&r wich are very important for any kind of trading. scalping without any knowlage about PA doesnt work, doesnt matter which system y use.
Poshcom
  • #85
  • Edited 11:00am Nov 7, 2011 10:48am | Edited 11:00am
Quoting fcesc73
minicharts are not necessary?

trix as used ?....... oversold and overbuy?..........and the lines are crosses it's moment to buy/sell.
Minicharts are here just to make trade easy and to be confident in your decision.

Basic tools are Coral, Cloud,Trix and red or blue blocks.

Everything is in the manual!

Just for example:

How many times did you trade oversold or overbuy positive?
Attached Image (click to enlarge)
Click to Enlarge Name: overbuy.gif Size: 62 KB
  • #86
  • Nov 7, 2011 10:56am Nov 7, 2011 10:56am
Quoting FelixFX
you should look at higher tf H1 and H4. this will help you to find stron s&r wich are very important for any kind of trading. scalping without any knowlage about PA doesnt work, doesnt matter which system y use.
No hiigher TFs !!!!

I made this system not to looks from chart to chart!

Im sick of it!

Everything that you need is on the one chart!

That is the point. To make trades simple!
  • #87
  • Nov 7, 2011 10:59am Nov 7, 2011 10:59am
Ok Mihailo,now I understand you.
  • #88
  • Nov 7, 2011 11:01am Nov 7, 2011 11:01am
Greetings Mihailo!

I don't believe I've ever posted on FF but been following various threads for past few years. I wanted to create this post just to say hi and show my support.

I been reading the thread for a few days and have been using THV system for part of my trading for the past year or so. After going over the system and studying your entry signals I got excited about the added probability of success with your method. Tried a couple live trades with a small position size last night with Eur/Usd and both were winners! +26pips. I would post screenshots but my charts don't seem to be marking the entry and exit points. Anyways, looks promising and thanks for sharing!
  • #89
  • Edited 11:13am Nov 7, 2011 11:01am | Edited 11:13am
Quoting fcesc73
Ok Mihailo,now I understand you.


Of course that you can use whatever you want, but for me, in renko system time candles gives confusion.

Its a different picture!
  • #90
  • Nov 7, 2011 11:08am Nov 7, 2011 11:08am
This is how my today trades looks on time candles.

There is no sence !

Isnt it?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: my trade on h1.gif Size: 66 KB
Click to Enlarge Name: mz trade on m15.gif Size: 62 KB
  • #91
  • Edited 11:24am Nov 7, 2011 11:11am | Edited 11:24am
And more!

This is EURUSD on H1 and M30.

Different isnt it?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: my trade on m30 eur.gif Size: 65 KB
Click to Enlarge Name: my trade on h1 eur.gif Size: 65 KB
  • #92
  • Nov 7, 2011 11:18am Nov 7, 2011 11:18am
Quoting revovisions
Greetings Mihailo!

I don't believe I've ever posted on FF but been following various threads for past few years. I wanted to create this post just to say hi and show my support.

I been reading the thread for a few days and have been using THV system for part of my trading for the past year or so. After going over the system and studying your entry signals I got excited about the added probability of success with your method. Tried a couple live trades with a small position size last night with Eur/Usd and both were winners! +26pips. I...
Congrats!

Im happy that you like this system!

Just grab your trade with a right click from a list and drop it on your chart and it will appears.


GOOD LUCK!
  • #93
  • Nov 7, 2011 11:18am Nov 7, 2011 11:18am
Quoting Mihailo
And more
How did you go short here:
http://www.forexfactory.com/showthre...24#post5110024
when price is above coral?
  • #94
  • Nov 7, 2011 11:22am Nov 7, 2011 11:22am
Quoting smilee89
How did you go short here:
http://www.forexfactory.com/showthre...24#post5110024
when price is above coral?
In this post I compared renko with the time candles
On previus post when I show renko, it was a signal to take short, in last one on H1 and M30 there is no signal. That is the difference between RENKO and classic candle
  • #95
  • Nov 7, 2011 11:32am Nov 7, 2011 11:32am
Quoting Mihailo
Congrats!

I'm happy that you like this system!

Just grab your trade with a right click from a list and drop it on your chart and it will appears.


GOOD LUCK!
Cheers! I didn't know you could do that. Here are a couple I traded last night and this morning. First one I exited too early but both winners!
Attached Image (click to enlarge)
Click to Enlarge Name: trade 2.jpg Size: 126 KB
  • #96
  • Nov 7, 2011 11:39am Nov 7, 2011 11:39am
Quoting Mihailo
In this post I compared renko with the time candles
On previus post when I show renko, it was a signal to take short, in last one on H1 and M30 there is no signal. That is the difference between RENKO and classic candle
"In this...." "in last... " - I don't get you.
Both charts look the same.
I don't see any diifferences.
  • #97
  • Nov 7, 2011 12:09pm Nov 7, 2011 12:09pm
Quoting smilee89
"In this...." "in last... " - I don't get you.
Both charts look the same.
I don't see any diifferences.
Renko one and classic one.

Same place different look!
Attached Images
  • #98
  • Nov 7, 2011 12:15pm Nov 7, 2011 12:15pm
Quoting revovisions
Cheers! I didn't know you could do that. Here are a couple I traded last night and this morning. First one I exited too early but both winners!
Looks Good!
  • #99
  • Nov 7, 2011 12:19pm Nov 7, 2011 12:19pm
Hello everyone,
I'm trying to anticipate the signal input (for long or short) through the intersection with:
3 Smoothed MA/close/0 shift = gold
8 SmoothedMA/close/0 shift = violet

After the appearance of the arrow (with indicator 2MA crossover) await confirmation with at least 3 blue blocks for the long (red for short).

TP 20 pips
SL 20 pips or the first HA candle of opposite color

I have not evidence, because it is only today that I made ​​the change, try it yourself

Mihailo what do you think about it?
Attached Image (click to enlarge)
Click to Enlarge Name: eumod.gif Size: 51 KB
  • #100
  • Nov 7, 2011 12:26pm Nov 7, 2011 12:26pm
Quoting luipie
Hello everyone,
I'm trying to anticipate the signal input (for long or short) through the intersection with:
3 Smoothed MA/close/0 shift = gold
8 SmoothedMA/close/0 shift = violet

After the appearance of the arrow (with indicator 2MA crossover) await confirmation with at least 3 blue blocks for the long (red for short).

TP 20 pips
SL 20 pips or the first HA candle of opposite color

I have not evidence, because it is only today that I made ​​the change, try it yourself

Mihailo what do you think about it?
It will be almost the same time as my signal... You have to take more history data for that kind of trade to see if there is more profit. I think that there is no much difference.

If you feel much comfortable with it, GO ON!
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