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RENKO system with Mihailo!

  • #1,981
  • Sep 12, 2013 3:39am Sep 12, 2013 3:39am
Quoting nasap
The perfect timing to enter in a Trade! This is just a quick lesson to perform your entries. The small letters abc are for the better orientation, to show where we are on M2 / M3. {image} I bet most will enter on level (b) becoz of not studying enough the charts or just becoz of being impatient. Ok, just look back on your charts and you will find many of those setups. After PA is breaking the Coral (M2) it will pull back. The end of that pull back should be the Coral (M3). Means PA is very close to the Cloud & Coral! If using the #Pallada VQI, there...

Hello,
Thanks for the Instruction.
What is that indi into the #Pallada VQI? Is it any MA? And how to insert that into #Pallada VQI?
My Chart is still not so clear. [Please check above]
I want it as neat as yours. What to add/remove from it?
Thanks
  • #1,982
  • Edited 5:35am Sep 12, 2013 5:23am | Edited 5:35am
Trade plan for today.

NOTE: US session has been iffy at best for movement.

I am currently long on Sterling I have a projected daily top at 1.5847 with a breakout targeting 1.5882. Bias is currently hanging on as bullish but just barely below 1.5771 we have a bearish bias. There is some room to the downside on a switch with a projected daily bottom at 1.5703 and a break out to 1.5641.

So hopefully that's enough information for those that think my charts are BS at least I will try and call my trades unlike those peddling pallada indicators.

See above
What is that indi into the #Pallada VQI? Is it any MA? And how to insert that into #Pallada VQI?
My Chart is still not so clear. [Please check above]

Now something new to the charts yet again. Like the energizer bunny the system keeps growing and growing and growing
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  • #1,983
  • Sep 12, 2013 7:10am Sep 12, 2013 7:10am
Stopped out -13 ignored my short because it is still bullish bias

If you are trading this try trading with my bias recommendations
Attached Image
  • #1,984
  • Sep 12, 2013 9:29am Sep 12, 2013 9:29am
Yep,

My setup for entry - SELL !

PA is below Coral on M2 (I use 10pip on M2 and 5pip for M3)

Draw fibo form HH to HL, watch carefully PA about 50%, entry below the cloud ( yellow box )

My SL is above 61.8 % fibo + some pips + spread

My TP is TP1 = -0.236 or TP2 = -0.382, sometimes I exit at 0% fibo (B -line)


I now, its nothing new ... but I'm trying to use Fibonacci Trading with Bobokus http://www.forexfactory.com/showthread.php?t=50767

Attached Image (click to enlarge)
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  • #1,985
  • Sep 12, 2013 9:57am Sep 12, 2013 9:57am
Dear All,
Please help me setup Renko chart, how to open M2 and M3 chart, because my Ofline data have only M1 & M5?
Thanks All
  • #1,986
  • Sep 12, 2013 10:13am Sep 12, 2013 10:13am
Quoting vntrading
Dear All, Please help me setup Renko chart, how to open M2 and M3 chart, because my Ofline data have only M1 & M5? Thanks All

Watch this video who has posted by Nasap:
Inserted Video
  • #1,987
  • Sep 12, 2013 11:54am Sep 12, 2013 11:54am
guys can anyone upload the template that we use on M3 because i miss understood how to drag each indicator on the chart
  • #1,988
  • Sep 12, 2013 11:59am Sep 12, 2013 11:59am
and also i didn't find this indicator Pallada in the indicators folder
  • #1,989
  • Sep 12, 2013 1:20pm Sep 12, 2013 1:20pm
Quoting jedrula
Yep, My setup for entry - SELL ! PA is below Coral on M2 (I use 10pip on M2 and 5pip for M3) Draw fibo form HH to HL, watch carefully PA about 50%, entry below the cloud ( yellow box ) My SL is above 61.8 % fibo + some pips + spread My TP is TP1 = -0.236 or TP2 = -0.382, sometimes I exit at 0% fibo (B -line) I now, its nothing new ... but I'm trying to use Fibonacci Trading with Bobokus http://www.forexfactory.com/showthread.php?t=50767 {image}
Hey never apologize for helping others in fact thanks for the pips!!!! I would have never thought to look at that pair (normally don't trade the "exotics"). Didn't get what you did but managed to squeeze out 31 pips. Thanks for the post. Sometimes you don't have to reinvent the wheel to get rolling.
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  • #1,990
  • Sep 12, 2013 1:27pm Sep 12, 2013 1:27pm
GBP update

Bias held so I never got a short opportunity. Sterling has been treading water all day. I managed 30 pips on the long so after the loss earlier net 17 for the day.
Attached Image
  • #1,991
  • Sep 12, 2013 2:03pm Sep 12, 2013 2:03pm
Quoting vntrading
Dear All, Please help me setup Renko chart, how to open M2 and M3 chart, because my Ofline data have only M1 & M5? Thanks All
Get a Period Converter Indicator and then use it for opening M3, M2 charts.
Then you should get either of these in the Offline Chart if they are absent there.
  • #1,992
  • Sep 12, 2013 8:22pm Sep 12, 2013 8:22pm
Todays outlook

GBP
Bias currently mixed Bullish above 1.5810 Bearish below 1.5785
Daily Range 1.5764 - 1.5848
Breakout 1.5729 and 1.5890


EUR
Bias currently bullish while above 1.3272
Daily Range 1.3246 - 1.3327
Breakout 1.3209 1.3383

JPY
Bias Bullish above 99.39
Daily Range 98.69 -100.21
Breakout 98.31 100.63

AUD
Bias Bearish below .9291
Daily Range 91.81 - 93.83
Breakout .9142 .9414
  • #1,993
  • Sep 13, 2013 1:17am Sep 13, 2013 1:17am
Quoting Flaviu1981
{quote} Watch this video who has posted by Nasap: http://www.youtube.com/watch?v=Z2-ogUxeUO8
Dear,
I has watch this video but unknown how to open ofline m2 &m3 chart , my mt4 ofline only hvae m1 & m5, please help.
Thanks all.
  • #1,994
  • Sep 13, 2013 2:53am Sep 13, 2013 2:53am
Hi Guys,


Quoting khwaj18
{quote} Dear Harada ! thank you for your kind reply , I need to know one more thing , what parameters do you guys use as far as the indicators are concerned inorder to spot a perfect setup ? like I am asking you about the settings ? weather you guys prefer the early signal set to true or false and also what about the M3 Corol filter ? Appreciate your support ! Regards Bilal .


You’re welcome but I’m just sharing my take on things. I’m still just a newbie trader you know.
You should read back this thread a bit and study what nasap and some other professional traders wrote.
You can find every indicator you need on page 78. You can also create your own templates (and I would suggest doing so). How? It’s on page 78 (posted by nasap).


Quoting GKarl
{quote} Hello Harada, Could you post BS_filter indi? Thank You in advance.
Sure. Here it is:

Attached File(s)
File Type: mq4 BuySell_Filter.mq4   4 KB | 570 downloads



The trade I entered recently:

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I hope that nobody fell victim to the price manipulation that happened yesterday after the USD news release!



Good luck for today!
  • #1,995
  • Sep 13, 2013 5:05am Sep 13, 2013 5:05am
Quoting khwaj18
{quote} here you go man ! put it in your experts folder . Regards . Bilal . {file}
Hi Khwaj18
thanks for the post iam greatful
  • #1,996
  • Sep 13, 2013 1:47pm Sep 13, 2013 1:47pm
Quoting kickme
Todays outlook
GBP Bias currently mixed Bullish above 1.5810 Bearish below 1.5785 Daily Range 1.5764 - 1.5848 Breakout 1.5729 and 1.5890
EUR Bias currently bullish while above 1.3272 Daily Range 1.3246 - 1.3327 Breakout 1.3209 1.3383
JPY Bias Bullish above 99.39 Daily Range 98.69 -100.21 Breakout 98.31 100.63
AUD Bias Bearish below .9291 Daily Range 91.81 - 93.83 Breakout .9142 .9414
Snagged a few pips overnight as the ranges held up pretty well in Sterling and Euro

GBP good for 33 as I took profit at the predicted daily range top, It gave a small head fake and eventually hit and retreated from the breakout high.

Euro ranged all night but still produced some good opportunities between the bias point and the top. That head fake into the bear zone got me for a few but still managed a to net 64 off of 5 trades. I hope you all found the levels useful.

Have a great weekend!!!!
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  • #1,997
  • Sep 16, 2013 9:19pm Sep 16, 2013 9:19pm
Wow no new posts, that stinks. So currently I am sitting on my hands with the gaps yesterday and the FOMC this week I will most likely just sit out till Thursday.
  • #1,998
  • Sep 17, 2013 8:38am Sep 17, 2013 8:38am
Hi All,

The market sort of sucks right now. Hopefully that's the reason why the thread is so silent.

nasap,

I kind of miss your posts. It's always good to see your steady results with this system.
Did you find any good opportunity lately?

My entry today:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.jpeg Size: 261 KB


It rewarded me with 30+ pips. With a relatively tight trailing stop, I had it running during the USD data release as well.

Good luck everyone!!
  • #1,999
  • Sep 17, 2013 9:54am Sep 17, 2013 9:54am
Quoting Harada
Hi All, The market sort of sucks right now. Hopefully that's the reason why the thread is so silent. nasap, I kind of miss your posts. It's always good to see your steady results with this system. Did you find any good opportunity lately? My entry today: {image} It rewarded me with 30+ pips. With a relatively tight trailing stop, I had it running during the USD data release as well. Good luck everyone!!

Currently it's not some kind of easy Trading, but those cycles happen and we have to face it. Yesterday I could fetch some Pips on EURUSD and NZDUSD, +160 in total. Since it was not in accordance with the rules of Renko Thv 5! I did not post anything. Today I missed the nice opportunity to buy on NZDUSD! It looks almost the same like AUDUSD and was good for at least +50 Pip.

regards nasap
The little nut in your head is called brain. Use it!
  • #2,000
  • Sep 17, 2013 4:29pm Sep 17, 2013 4:29pm
Quoting Harada
Hi All, The market sort of sucks right now. Hopefully that's the reason why the thread is so silent. nasap, I kind of miss your posts. It's always good to see your steady results with this system. Did you find any good opportunity lately? My entry today: {image} It rewarded me with 30+ pips. With a relatively tight trailing stop, I had it running during the USD data release as well. Good luck everyone!!
While that could be a reason another reason could be the same that I started looking elsewhere.

This thread has become an EGO fest of who can get the most pips. It ran off the rails of teaching a while back. Your last chart is a perfect example. There are, I think multiple opportunities to trade on that chart yet you took only 1. Why is that? What was the trailing stop that you used? What are your settings for the coral? What info did your chart provide?

Answer: NONE its just another posted trade that offers no insight at all to how it was successful.
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