why not?
coral tauch and all other are in blue so up trend or Im wrong?
Hi All,
You're welcome. 
The thread is getting livelier by the day. Good to see.
I’m experimenting a lot with this system and honestly –as nasap pointed out and keno refers to it – these 4 histograms don’t do much good. Personally I don’t use them anymore. I like to use the trix indi though. I think that its way too underrated. When the faster trix line crosses the slower one and they are the same color that’s a pretty strong signal for me. Works very well.
I had the first „more than 100 pips” winning trade the other day for the first time and I’m becoming more consistent with my winners. I’m happy about it. Still have a lot to learn of course.
keno,
This is just one newbie to the other:
I think that you should filter out false signals more. Not every signal is a good one. Coral is a great tool to identify a ranging market. You can learn much from the candles themselves too.
For example:
Here you can see a lot of renko dojis (I’m using box size 7 with median renko + HA):
As I observed, you can recognize signs of decreasing selling potential. Look at how PA is getting more hesitant downwards. After the second break of the coral it’s a definate buy for me. And I did just that. Maybe it won’t work out. That’s when your money and risk management have to kick in. I mean losing a 100 pips within a day suggests that you should exit those trades way sooner and shouldn’t overtrade either.
I don’t want to be a smartass because I don’t have the right and experience to be one. These are just my observations.
PS.: using HA with renko candles and wicks works for me pretty well. Renko candles - by themselves -don’t show when PA is hesitant but if you use them with wicks and toss HA on them, they can hold a lot more valuable information
Regards and good luck!
{quote} Many tnx for this advice! I already installed Pro Version.
The thread is getting livelier by the day. Good to see.
I’m experimenting a lot with this system and honestly –as nasap pointed out and keno refers to it – these 4 histograms don’t do much good. Personally I don’t use them anymore. I like to use the trix indi though. I think that its way too underrated. When the faster trix line crosses the slower one and they are the same color that’s a pretty strong signal for me. Works very well.
I had the first „more than 100 pips” winning trade the other day for the first time and I’m becoming more consistent with my winners. I’m happy about it. Still have a lot to learn of course.
...I also stop and reverse a couple of times, just to see price coming back to were it was on the first place. Very dissappointing day for -100 aprox. Trading real money is a lot more difficult than watching pictures of perfect setups...
keno,
This is just one newbie to the other:
I think that you should filter out false signals more. Not every signal is a good one. Coral is a great tool to identify a ranging market. You can learn much from the candles themselves too.
For example:
Here you can see a lot of renko dojis (I’m using box size 7 with median renko + HA):
As I observed, you can recognize signs of decreasing selling potential. Look at how PA is getting more hesitant downwards. After the second break of the coral it’s a definate buy for me. And I did just that. Maybe it won’t work out. That’s when your money and risk management have to kick in. I mean losing a 100 pips within a day suggests that you should exit those trades way sooner and shouldn’t overtrade either.
I don’t want to be a smartass because I don’t have the right and experience to be one. These are just my observations.
PS.: using HA with renko candles and wicks works for me pretty well. Renko candles - by themselves -don’t show when PA is hesitant but if you use them with wicks and toss HA on them, they can hold a lot more valuable information
Regards and good luck!
- #2,165
- Oct 10, 2013 7:15am Oct 10, 2013 7:15am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Actually i see from the 'template' that using ichi 'kumo' (cloud), well this is just noob suggestion, try to find out how to use it ideally. renko and ichi are perfect match.. lol this is another noob secret that Japanese 'guys' who create ichi don't tell you.. hehe.
Actually i see from the 'template' that using ichi 'kumo' (cloud), well this is just noob suggestion, try to find out how to use it ideally. renko and ichi are perfect match.. lol this is another noob secret that Japanese 'guys' who create ichi don't tell you.. hehe. {image}
Can you please share your indies tpl and explanations how are you using your method?
You can PM me if you don't want to confuse people.I like your renko charts and playing with it but still didn't find something good.
Regards
Hi All, {quote} You're welcome.
Very nice observations.
Much earlier in thread I mentioned the M2 i dont use. Really no need. Over cautious
The blocks are fine but not really needed. I dont use them
The coral is nice but u put on a macd and u get as good a filter.
I've also done away with HA. Just median renko . Enough price structure there to trade.
I've always subscribed that simple indis is all thats needed . and its just confirmation thats all
Oh lastly I dont even use the cloud.
But good PA observations.
- #2,170
- Oct 10, 2013 8:08am Oct 10, 2013 8:08am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
{quote} Hey Kiads, Can you please share your indies tpl and explanations how are you using your method? You can PM me if you don't want to confuse people.I like your renko charts and playing with it but still didn't find something good. Regards
my previous post picture just to show you how to combine renko and ichi cloud, but 'what' , 'why' and 'how' to 'read' kumo.. maybe too difficult to explained just in 1 or 2 posts.. lol
anyway.. if you just want 'that' picture template.. and indicators, here we go..
hope it helps
best regards..
- #2,172
- Edited 9:46am Oct 10, 2013 9:35am | Edited 9:46am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
{quote} hey Kiads, i know what you mean,indicators showing exact same thing as renko itself and don't need them (maybe 1 for confirmation,i like kiss principles).... just want some ideas to implement in my trading with new renko charting that you post. Thanks for sharing Regards
- #2,174
- Oct 10, 2013 10:06am Oct 10, 2013 10:06am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
- #2,177
- Oct 10, 2013 10:41am Oct 10, 2013 10:41am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
{quote} Yes Kiads all clear, how are you handling more than one pair? Regards
for reducing the 'slowdown effect' from renko builder indi, I use several copy of MT4, every MT4 handle only 1 pair.
another clue.., try to put EC (Equidistant Channel) like this bellow example picture (EU RC 5 point brick 10% shift)
maybe it will surprise you.. lol
best regards,...
- #2,178
- Oct 10, 2013 10:50am Oct 10, 2013 10:50am
{quote} I only trade 1 or 2 pairs, in my personal opinion, no need to trade alot of pairs.. as long as you can catch almost all the waves up or down.. for reducing the 'slowdown effect' from renko builder indi, I use several copy of MT4, every MT4 handle only 1 pair. another clue.., try to put EC (Equidistant Channel) like this bellow example picture (EU RC 5 point brick 10% shift) {image} maybe it will surprise you.. lol best regards,...
hmmmm....i am more and more interest in your game,and see more and more potential in shifted renko....
How about opening new thread Kiads?
Best regards
- #2,179
- Oct 10, 2013 12:20pm Oct 10, 2013 12:20pm
- | Membership Revoked | Joined May 2012 | 1,218 Posts
{quote} hmmmm....i am more and more interest in your game,and see more and more potential in shifted renko.... How about opening new thread Kiads?
btw remember previous Equidistant Channel example picture and look how renko brick reacted to that line ?
now try to move the pointer line of that EC's like this bellow
