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Trading EURUSD only

  • #36,841
  • Mar 6, 2013 6:35am Mar 6, 2013 6:35am
good point
how can we determine if it turns or not?

the solution I found is;
- Levels
- Formations

why I use R4 due it is very close to tick CH.
not too small not too big.

when TF s getting bigger it hides all actions in bars bodys.




Quoting Uturn2
That's why I focus mainly on the turns.
It turns, it turns, and it turns.
Only thing I can be certain of is it will turn.
Then select the time frame to trade what happens after the turn.
  • #36,842
  • Mar 6, 2013 6:36am Mar 6, 2013 6:36am
UK monkeys park it to 303x waiting for NFP
  • #36,843
  • Mar 6, 2013 6:38am Mar 6, 2013 6:38am
today I am done with 4 trades
2 SH s SO BE
2 LG s +11 = 22

will keep watching fro a good formation
other then that flat
  • #36,844
  • Mar 6, 2013 6:38am Mar 6, 2013 6:38am
R4???
Range Bars 4?

Quoting stevewalker
good point
how can we determine if it turns or not?

the solution I found is;
- Levels
- Formations

why I use R4 due it is very close to tick CH.
not too small not too big.

when TF s getting bigger it hides all actions in bars bodys.
Wait, or you will be slaughtered!
  • #36,845
  • Mar 6, 2013 6:40am Mar 6, 2013 6:40am
Renko Bars 4 pips

Quoting Uturn2
R4???
Range Bars 4?
  • #36,846
  • Mar 6, 2013 6:43am Mar 6, 2013 6:43am
Tks Steve.
I'll take another look at Renko.
Been a long time since I tried it.
Settings are very critical,
from what I can remember.
Cheers mate!
Quoting stevewalker
Renko Bars 4 pips
Wait, or you will be slaughtered!
  • #36,847
  • Mar 6, 2013 6:44am Mar 6, 2013 6:44am

Quoting Uturn2
Tks Steve.
I'll take another look at Renko.
Been a long time since I tried it.
Settings are very critical,
from what I can remember.
Cheers mate!
  • #36,848
  • Mar 6, 2013 6:46am Mar 6, 2013 6:46am
renko bars its own does not work.

I used to trade with Renko & Range & lost

combinations work well.

due with brick charts you miss the mood of MKT ( botox face ) especially when having > 10 pip bricks

Quoting Uturn2
Tks Steve.
I'll take another look at Renko.
Been a long time since I tried it.
Settings are very critical,
from what I can remember.
Cheers mate!
  • #36,849
  • Mar 6, 2013 6:47am Mar 6, 2013 6:47am
what ironic is
most of the sites they advise >=20pips bricks which is not very smart

Quoting stevewalker
renko bars its own does not work.

I used to trade with Renko & Range & lost

combinations work well.

due with brick charts you miss the mood of MKT ( botox face ) especially when having > 10 pip bricks
  • #36,850
  • Mar 6, 2013 6:51am Mar 6, 2013 6:51am
also notice that I am still using 1H CT for Outlook
no more D1 CT
not now
may be later when needed



Quoting stevewalker
renko bars its own does not work.

I used to trade with Renko & Range & lost

combinations work well.

due with brick charts you miss the mood of MKT ( botox face ) especially when having > 10 pip bricks
  • #36,851
  • Mar 6, 2013 6:56am Mar 6, 2013 6:56am
when lokin 1H CT now I see this.

for almost 4 days al traders including me
it will break 3000 down
it will break 3070 up
this that.................................................. endless forecasts

what happened.
its waiting for news to trigger
today & tomorrow.

1st week of month
  • #36,852
  • Mar 6, 2013 7:01am Mar 6, 2013 7:01am
here we go

Quoting stevewalker
GMT+2
10:00am GBP Halifax HPI m/m
11:45am GBP BOE Gov King Speaks
3:15pm USD ADP Non-Farm Employment Change
5:00pm USD Factory Orders m/m
9:00pm USD Beige Book
  • #36,853
  • Mar 6, 2013 7:01am Mar 6, 2013 7:01am
.
Quoting stevewalker
I am trading with 12 pip Max SL.
so most probably I will not trade during NFP
it can take stop in 1 tick
  • #36,854
  • Mar 6, 2013 7:01am Mar 6, 2013 7:01am
Trading Important News/Events:
There may traders willing to trade news and/or important events.
Beware of FAKE moves.
It moves one direction, you enter & suddenly reverse.
Make a desecion & try to stay in one trade with planned RR Ratio.
With that;
You win 1 time
or
You Loss 1 time
If you reverse your trade with every move you loose many times!!
  • #36,855
  • Mar 6, 2013 7:07am Mar 6, 2013 7:07am
@ 3033
working for 3 days
  • #36,856
  • Mar 6, 2013 7:12am Mar 6, 2013 7:12am
It's only Rock and Roll,
but I like it!
Coupled with my UHMAs it rocks!!!
[Uturn Hull Moving Averages]
2 Bar confirmation in the direction of reversal,
along with UHMA turning!!!

I can't set the Renko any faster on my charts,
and 5m seems to be the best fit I have found so far.
Edit: Price crossing UHMA very significant warning.

Cheers mate!

Quoting Uturn2
Tks Steve.
I'll take another look at Renko.
Been a long time since I tried it.
Settings are very critical,
from what I can remember.
Cheers mate!
Attached Image (click to enlarge)
Click to Enlarge Name: 130306_5mR[1]EURUSD.png Size: 29 KB
Wait, or you will be slaughtered!
  • #36,857
  • Mar 6, 2013 7:19am Mar 6, 2013 7:19am
that seems like R1

Quoting Uturn2
It's only Rock and Roll,
but I like it!
Coupled with my UHMAs it rocks!!!
[Uturn Hull Moving Averages]
2 Bar confirmation in the direction of reversal,
along with UHMA turning!!!

I can't set the Renko any faster on my charts,
and 5m seems to be the best fit I have found so far.
Edit: Price crossing UHMA very significant warning.

Cheers mate!
  • #36,858
  • Mar 6, 2013 7:20am Mar 6, 2013 7:20am
NFP
what a big action
  • #36,859
  • Mar 6, 2013 7:31am Mar 6, 2013 7:31am
bloomberg

NFP better then expected no reason to sell stocks
  • #36,860
  • Mar 6, 2013 7:32am Mar 6, 2013 7:32am
Quoting stevewalker
that seems like R1
Sorry Steve,
I'm with it now:
R4 5m
Attached Image (click to enlarge)
Click to Enlarge Name: 130306_5mR4[1]EURUSD.png Size: 27 KB
Wait, or you will be slaughtered!
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