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RENKO system with Mihailo!

  • #501
  • Nov 23, 2011 8:03am Nov 23, 2011 8:03am
Quoting foxterbotell
good morning to everyone here I present my latest operation became lost, any suggestions or opinions

Well...I'm just learning this system myself, but one thing I notice is that the cross on the Trix line is not right.
  • #502
  • Nov 23, 2011 8:31am Nov 23, 2011 8:31am
Greetings to all here again I put another recent GBPUSD operation, this operation became lost as the previous one, follow all the parameters to enter, any suggestion or opinion Mihailo and other colleagues
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  • #503
  • Nov 23, 2011 8:56am Nov 23, 2011 8:56am
Quoting foxterbotell
Greetings to all here again I put another recent GBPUSD operation, this operation became lost as the previous one, follow all the parameters to enter, any suggestion or opinion Mihailo and other colleagues
Almost the same happened to me on GU today. (but on previous crossing the price and coral downward). All the blocks were red, renco chart blocks were red and below the coral. Fast trix crossed slow near zero... etc... and price just tern back and SL опа ....
These violent delights have violent ends.
  • #504
  • Nov 23, 2011 9:02am Nov 23, 2011 9:02am
Quoting foxterbotell
good morning to everyone here I present my latest operation became lost, any suggestions or opinions
Made the same mistakes.
1º a possible double bottom formation.
2º 13 MoneyFlowIndex BLUE (in my case)
3 º EasyRyderSignalv1.1 GREY (in my case)
4 º to 32 pips SL Estralimitar (only 3 pips above the fractal "F1") (by the way if you had put 35 pips above, it appears that the operation would have been saved).
5º and very interesting for me (I'm investigating whether inadequate RenkoAM good for something). The bar occupies RenkoAM B1 lasting 15 minutes. What could
tell us a long time for indecision or market equilibrium. This reminds me when Bollinger bands are tightened a lot, after the price jump shot and can not predict where.
You see you're not the only wrong with this, two of us (at least).


(translate.google)
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  • #505
  • Nov 23, 2011 9:14am Nov 23, 2011 9:14am
Quoting abc-forex
Do you have such signal on your chart? I discovered that your values of indicators a little bit differnt from mine.. I want to compare..
You have a different layout and configuration - values are the same.

Im not using 13 Complex....
  • #506
  • Nov 23, 2011 9:39am Nov 23, 2011 9:39am
Quoting foxterbotell
good morning to everyone here I present my latest operation became lost, any suggestions or opinions
Hi friend!

I don't have that signal at my platform, but in that particular moment it can be that it wasrepainted during the candle.

Yes it looks like good entry but news was in few minutes in that case I will not trade.

As you marked on M2 PA is far away from coral. There must be some retracement.

Even if I would trade I will spread my sl. Its easy now to say that when we know that PA comes back and that trade become a winer but I explained that I use extended sl between 25 and 60 pips.

And of course that was reenter in a trend TP must be between 5 to 7 pipis

I must tell you all something. Some trades must be lost, even if signal is excellent. There is no Perfect system.
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  • #507
  • Nov 23, 2011 9:57am Nov 23, 2011 9:57am
Quoting foxterbotell
Greetings to all here again I put another recent GBPUSD operation, this operation became lost as the previous one, follow all the parameters to enter, any suggestion or opinion Mihailo and other colleagues
Hi again!

The Answer is almost the same as one before:

1. It is obviously range market Pa was hitting that point 3 times before as you can see on my picture as green line.

2. News around.

Not valid signal!
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  • #508
  • Nov 23, 2011 10:03am Nov 23, 2011 10:03am
Quoting aborigen
Made the same mistakes.
1º a possible double bottom formation.
2º 13 MoneyFlowIndex BLUE (in my case)
3 º EasyRyderSignalv1.1 GREY (in my case)
4 º to 32 pips SL Estralimitar (only 3 pips above the fractal "F1") (by the way if you had put 35 pips above, it appears that the operation would have been saved).
5º and very interesting for me (I'm investigating whether inadequate RenkoAM good for something). The bar occupies RenkoAM B1 lasting 15 minutes. What could
tell us a long time for indecision or market equilibrium. This reminds me when...
Hi!

Your enter is worse than his!

You entered one candle late, in that case your sl wil not be hitted.

Im not going to comment EasyRyder...

NOT GOOD AT ALL!
  • #509
  • Nov 23, 2011 10:04am Nov 23, 2011 10:04am
Mihailo,

many thanks from London for your outstanding system, which is an astonishing development from the already fine THV system, but with an excellent twist.

I am using the old THV system since it came out a few years ago with great success and i like to share some experience with you all.

-trades, which are entered far away from the Coral are in my book called "reentries" and are the most difficult ones. I only take these occasionally, because of its rather worse risk vs reward ratio.

-the best trades are always around the Frankfurt and London opening, if the price has already a clear direction from the night session and we see some retracement back to or even above the coral.

-If price thereafter breaks through the coral and Trix crosses(fast/slow) or has just crossed the PA and the momentum is usually strong enough to deliver 15-25 pips without sweat.

-Things get more complicated after a big overnight move has already occured and price is far away from the coral and just kreeps up a bit, but not significant. Most SL action occurs on a sudden reversal during such trades. My advice is to avoid these(see the losers above), especially, if you are new to THV or to this great Renko system!

-A little tip: I am using the THV divergence indicator for trend confirmation on a 15 min chart. This prevents you to enter in the wrong direction or will confirm your trade, but is only an additional confirmation and NOT part of the system. It just gives me more confidence.

-From my experience, the good trades run much longer than you might think. Putting your TP too tight is good for your own confidence, but i like to suggest to take part of the profit off at 15 pips and simply let the rest run with a BE @+1-4. with that technique you lock in Profit and have no risk for the remainder part of your position

I will post my trades daily to discuss and hope to add some value to this already phemomenal thread.

TD
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  • #510
  • Nov 23, 2011 10:15am Nov 23, 2011 10:15am
Quoting Mihailo
Hi again!

The Answer is almost the same as one before:

1. It is obviously range market Pa was hitting that point 3 times before as you can see on my picture as green line.

2. News around.

Not valid signal!
thank you very much for your opinion to correct me, the more certain that the candle repainted and had to wait a little longer, and also by the news too,

I will trust much of Easyrider, only use the original indicators

continue to practice and practicing
  • #511
  • Nov 23, 2011 10:18am Nov 23, 2011 10:18am
Quoting Tradingdesk
Mihailo,

many thanks from London for your outstanding system, which is an astonishing development from the already fine THV system, but with an excellent twist.

I am using the old THV system since it came out a few years ago with great success and i like to share some experience with you all.

-trades, which are entered far away from the Coral are in my book called "reentries" and are the most difficult ones. I only take these occasionally, because of its rather worse risk vs reward ratio.

-the best trades are always around the Frankfurt...
EXCELLENT TIPS!

Thanks for your rich experience!

Welcome, Im looking forward for your posts!
  • #512
  • Nov 23, 2011 10:28am Nov 23, 2011 10:28am
colleagues, as I was commenting today in London and USA, which had results today, how many pips did...my english is not good
  • #513
  • Nov 23, 2011 10:31am Nov 23, 2011 10:31am
If i may add some observations, which can easily confuse traders:

-If a trend move and a fresh signal is generated EasyRider1.1 gives a nice message and changes colour, but................

-...........sometimes after the next bar PA disappears, which can leave you with a trade with a vanished signal

-Here is what i do(I only trade GBP-USD, because this pair trends very nice):

From the good setups, we should all be already confident enough, that the price will move further than just 15 pips in almost 99% of all trades.
So it is not a bad idea to wait on riskier trades further away from the Coral(no matter M3 or M2) to just sit tight and wait for the second bar of EasyRider to maintain the colour.
Remember that a missed trade is much better than a stopped out one.....lol

-Be careful not to overtrade. This very system is such a beauty that at least i am glued to the screen waiting for the chips to cash in.
I am looking for 1 setup in the morning(London) and 1 in the afternoon(NY).

-Mihailo has said it already. Wait for a good setup and try to avoid the "soso" ones.

Before i forget.................it takes a few days until you have enough history to rely on the M3 charts.
Be very careful not to trade with an incomplete history!

TD
  • #514
  • Nov 23, 2011 10:32am Nov 23, 2011 10:32am
Quoting Mihailo
Hi!

Your enter is worse than his!

You entered one candle late, in that case your sl wil not be hitted.

Im not going to comment EasyRyder...

NOT GOOD AT ALL!
Roger, Thanks.
  • #515
  • Nov 23, 2011 11:38am Nov 23, 2011 11:38am
Quoting Tradingdesk
If i may add some observations, which can easily confuse traders:

-If a trend move and a fresh signal is generated EasyRider1.1 gives a nice message and changes colour, but................

-...........sometimes after the next bar PA disappears, which can leave you with a trade with a vanished signal

-Here is what i do(I only trade GBP-USD, because this pair trends very nice):

From the good setups, we should all be already confident enough, that the price will move further than just 15 pips in almost 99% of all trades.
So it is not a...
  • #516
  • Nov 23, 2011 11:50am Nov 23, 2011 11:50am
Quoting foxterbotell
colleagues, as I was commenting today in London and USA, which had results today, how many pips did...my english is not good
Yes we see it...... and don't understand you.....
  • #517
  • Nov 23, 2011 12:35pm Nov 23, 2011 12:35pm
Quoting Mihailo
Yes we see it...... and don't understand you.....
I mean we all put our graphics with the pips obtained = D
  • #518
  • Edited 1:35pm Nov 23, 2011 1:25pm | Edited 1:35pm
I entered this two trades just to explain how confident you must be in your knowledge and experience!

Support line S4 became resistance line.

It was so obvious that PA will bounce from that line!

Trix was in OS zone and divergence do her job!

I was a little bit impatient so I didnt wait for a few more minutes for first TP to bi hitted and I closed it manualy.

But, who cares, +27 pips.... That means +53 for today!

GL!
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  • #519
  • Nov 24, 2011 12:17am Nov 24, 2011 12:17am
Quoting Tradingdesk
Mihailo,

many thanks from London for your outstanding system, which is an astonishing development from the already fine THV system, but with an excellent twist.

I am using the old THV system since it came out a few years ago with great success and i like to share some experience with you all.
...

I will post my trades daily to discuss and hope to add some value to this already phemomenal thread.

TD
Welcome to this great thread! Very good that traders with experience joins this one. Because it is very important for all new traders (as me) in this strategy
  • #520
  • Nov 24, 2011 2:16am Nov 24, 2011 2:16am
What do you think guys about this signal?
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