RENKO system with Mihailo! | Page 110 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My Renko System Discussion 10 replies

RENKO Trading SYSTEM - RENKO Indicators 7 replies

Renko system 13 replies

Simple Renko System 208 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Attachments: RENKO system with Mihailo!
Exit Attachments

RENKO system with Mihailo!

  • #2,181
  • Oct 10, 2013 1:18pm Oct 10, 2013 1:18pm
Quoting ssotiro
{quote} Have you tried Gold?
I have traded gold in the past with no success. Never with Renko don't really want to go down that road again really don't want to go down that road again. I wouldn't mind mining for it sometime maybe get my own reality show. Has anyone seen Jungle gold? Those guys are the biggest scammers I have ever seen.

Has anyone tried Renko with gold or silver I would think those markets almost move to fast for it to be effective?
  • #2,182
  • Oct 10, 2013 1:23pm Oct 10, 2013 1:23pm
Quoting gigioforex
Thanks a lot !!!
dear nasap

where did I find those range Indicator for chopy market ?

reg mara
  • #2,183
  • Oct 10, 2013 2:32pm Oct 10, 2013 2:32pm
Quoting Harada
Hi All, {quote} 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...

Hello thanks for posting my questions would be how does a wick show when PA is being hesitant? Why would you take the second break of the coral as an entry and not the first. Did you pass on the trade when price broke the coral the first time and why?

In hind sight its perfect to want to trade the way you describe but unrealistic advice. In the real world you have no idea where price will go after it broke the coral the first time so to pass on it without rules or ignore based on a hunch isn't trading but instead gambling and of no use.
  • #2,184
  • Oct 10, 2013 3:46pm Oct 10, 2013 3:46pm
Quoting jrviking
{quote} Hello thanks for posting my questions would be how does a wick show when PA is being hesitant? Why would you take the second break of the coral as an entry and not the first. Did you pass on the trade when price broke the coral the first time and why? In hind sight its perfect to want to trade the way you describe but unrealistic advice. In the real world you have no idea where price will go after it broke the coral the first time so to pass on it without rules or ignore based on a hunch isn't trading but instead gambling and of no use.
Hi,




I don’t know how many hours you spend in front of charts or how long you have been trading but after a while there are patterns you recognize. Price started out lower under the coral the first time. When that happens, a lot of times it bounces back from it or goes only one or two candles above it. By the the next time the coral adjusted itself with that first peak and price started to move up from little above the coral. I saw this playing out just like this before. That’s also a reason why I traded the second run upwards.

As I said nothing is sure but that’s why you must have solid money management and experience as well. Recognizing patterns and getting to know PA better and better is essential regardless of the system you use...

regards,
Harada
  • #2,185
  • Oct 11, 2013 5:43am Oct 11, 2013 5:43am
Quoting kickme
{quote}. Has anyone tried Renko with gold or silver I would think those markets almost move to fast for it to be effective?

I have been trading gold with Renko for a while. You need to have a larger renko box than usual (I work with a 10 pips box, ie something like 1301 to 1302 USD). This one dollar can be 10, 100 or even 1000 pips according to hw many digits your broker is using. I trade with Oanda, and I set the Renko EA to 1000 pips per box.
Try with a large number as pips per box and work downwards because a small number of pips per renko box will cause your MT4 to freeze.

You may need to change your settings probably, but you will have to see that as you go along. I like gold because it gives me the chance to recover even after 1-2 failures.
  • #2,186
  • Oct 11, 2013 6:53am Oct 11, 2013 6:53am
Is Break Even a good choice here ? Or should I just grab some profits now?
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.10.10 usdchfm3 -03.png Size: 110 KB
  • #2,187
  • Oct 11, 2013 9:38am Oct 11, 2013 9:38am
GBP/JPY stopped out for 144 I missed the additional 3 trades. EUR/JPY still going locked 156 in with stop below the line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 46 KB
Click to Enlarge Name: eurjpy.jpg Size: 33 KB
  • #2,188
  • Oct 11, 2013 9:49am Oct 11, 2013 9:49am
Quoting keno
Is Break Even a good choice here ? Or should I just grab some profits now? {image}
The answer to your problems are right in your post and the quote above.

You cant trade if you don't have a plan for the trade. Know here your stops are, have an exit strategy. Know what your risk is and commit to losing it. BE happy when you get some pips no matter how small the win. Don't trade on a hunch or your gut or feelings.

In the trade above what are the reasons you should close the trade list them out on a piece of paper. Now list the reason you should hold the trade. Which list is bigger? That's your answer.
  • #2,189
  • Oct 11, 2013 10:37am Oct 11, 2013 10:37am
Thanks KickMe
That`s my weakest point, emotions once in the trade. I did plan it, but it didn`t go very well as I predicted and that brings emotions into play
Anyway, Renko charts are helping to stay longer.
  • #2,190
  • Oct 11, 2013 1:12pm Oct 11, 2013 1:12pm
Just closed the EUR/JPY trade for 187 pips. It is closed because holding positions into the weekend and over the weekend is not part of the system.

Good week 712 pips

Have a good weekend
Attached Image
  • #2,191
  • Oct 11, 2013 2:20pm Oct 11, 2013 2:20pm
FYI.

For some of you wondering, Nasap is so quiet at the moment..
As you know, if you are branded as commercial member, from then, you can post only in the commercial section (can you ?),
but not here any more..

So the congrats go to the halfdaytrader, you achieved your goal and killed this thread.

Hope you are happy now and will continue Nasaps work, post trades, help members with the configuration
and other stuff and keep this thread alive ? Will you ?

Thanks again and have a nice life,
you saved us from Nasap and now we can continue without the evil Nasap Influence..

Thank you so much, have a nice day..
How to opt out annoying user signatures ??
  • #2,192
  • Oct 11, 2013 4:00pm Oct 11, 2013 4:00pm
I am going through all of Nasaps posts again, there is so much experience.
She started trading this method as described on page 1 (in May this year)
Then she tested and defined specific target profits for each pair. Also Best Trading times. She was doing fine, some winners, some losers.
Then she tested many different indicators, different settings.
And after some very few months she became so successful that she was almost getting 100 % winners with some break even, but not big losers.
It is a shame that if you become successful, and then want to trade other people money (maybe friends), you can not be helping others.
Just happened when I was starting to learn and practice this system. Very sad.
I haven`t seen any post from her trying to get money. That link mentioned to a commercial company selling the administration of trades, I can`t link that to Nasap. She was honestly answering questions, honestly because she did automate her trading using this tools. She did also provided links (very useful) like the trenline EA, which I downloaded for free. PAlladaVQI as well for free.
  • #2,193
  • Oct 11, 2013 5:54pm Oct 11, 2013 5:54pm
Quoting Toranaga
FYI. For some of you wondering, Nasap is so quiet at the moment.. As you know, if you are branded as commercial member, from then, you can post only in the commercial section (can you ?), but not here any more.. So the congrats go to the halfdaytrader, you achieved your goal and killed this thread. Hope you are happy now and will continue Nasaps work, post trades, help members with the configuration and other stuff and keep this thread alive ? Will you ? Thanks again and have a nice life, you saved us from Nasap and now we can continue without the...
Actually yes I am. The moderators do not just label someone commercial because of one post. There is nothing stopping Nasap from continuing the thread in the commercial section if he truly is interested in "helping people". Nasap never posted the same chart twice and always had new indicators. A simple question about how he managed his trades and he posted a link to a commercial platform. Asked to provide proof of his trades and he posts a "clients" screen shot and mentions how his client is out but HE is still in. No one here could duplicate any trade he ever made meaning that if you really wanted those results you would need to have him trade it for you. HE was asked multiple questions on how he picked his trades and managed them. His responses were vague with answers such as "it really depends on the pair and the trader" Really?????? His rules were vague if they exist at all.

The big clue that he was trolling for clients came when someone else started having success and he posted that they were just trying to hijack a thread and asked them to leave. It was pointed out that the trade he "did my way" was not traded according to the system rules or with indicators everyone could use. Because at that point if others can out do him he won't get clients will he? So he posts a trade that gets more pips with of course his own indicator on the charts. After which came the rip that he has been approached by multiple people to trade for them but he didn't accept.

Why the "client" reference he really couldn't just post his own account history?

So yes I am very happy that he is branded. I have nothing against commercial vendors, I really don't. John Bollinger, Bill Williams, Gann they all went commercial along withy many others who's indicators are traded everyday by millions . Yes they gave them away but they made millions off the books. So there is a place for commercial vendors and I am finding that the free stuff really isn't very time efficient and many times not worth the effort. What I don't like is those that troll under the guise of helping people when they are really setting them up to fail so they can sweep in and save the day, for a fee of course.

keno is an example(not picking on you) he/she is trading the system and cant duplicate the success. In fact it isn't clear as day and cut and dry like Nasap pointed said is it? I think there is one other poster who lost 100 pips in 1 day.

If you learned so much why don't you take it over. My bet is you cant because he didn't have a system anyone here could use because he wasn't going to "share all his secrets" but I bet he would for a fee.
  • #2,194
  • Oct 11, 2013 8:27pm Oct 11, 2013 8:27pm
Halfdaytrade.......

It seems you have ruffled a few feathers,,, But I agree with everything you say. Posting a screenshot of a clients trade is hardly subtle way to attract paying customers
  • #2,195
  • Oct 12, 2013 12:52am Oct 12, 2013 12:52am
OMG... too bad.. , someone not learning basic principle of this great tools.. and only expected instant shortcut 'manual book' completely free.. from an angel.. ?
Please.. learn the whole knowledge, and you can create your own free system.., but remember not to use only half brain or more worse half heart to do that.. lol.

Have a good time and good manner too...
  • #2,196
  • Oct 13, 2013 8:47am Oct 13, 2013 8:47am
Halfdaytrade....... please don`t use my name to justify your silly comments. What you did is absurd and ridiculous, and saying something so silly like I was trading this system is not true. That was my second day of trading, it was a ranging and boring day, and I did enter some silly trades and I did not enter the ones that came later on the same day and they gave nice profits.

In order to trade profitable I need to learn to trade price Action. Any template, any system on this forum, is just to confirm your own trading based on price action. Nasap has been trading successfully, not because of this system, instead because she can recognize price action. And that is why KickMe gets good results as well, just trading the Renko Bars.

Have you ever traded successfully. Because I can`t find any constructive comment coming from you. You have been asking Nasap for those perfect and secret indicators she was testing. That`s so absurd.

And complaining because she trades for some other people. Did you see the positions were 0.3 ? I would hardly call that a big account, therefore she doesn`t get big commissions. I dream the day I become consistent and somebody can trust me with their money. Probably some friends or family.

Why you want her to prove to you that she trades real money in her real account? She doesn`t owe you anything

This whole thing you started is so absurd. It is so hard to find somebody who trades well and willing to teach for free.

Instead of you, I want to thank Nasap for her contributions. And also for her patience to deal with people asking the same silly questions all the time. She didn`t create this system, she was just trading it and improving it. She did spent time getting better and better, and trying to share.

She wasn`t selling pallada, she posted it for free. She didn`t sell the Trades Manager, she just answer a question explaining how she is trading. She didn`t sell you the TrendLine EA, we all downloaded that for free.
  • #2,197
  • Oct 13, 2013 11:43am Oct 13, 2013 11:43am
Quoting keno
Halfdaytrade....... please don`t use my name to justify your silly comments. What you did is absurd and ridiculous, and saying something so silly like I was trading this system is not true. That was my second day of trading, it was a ranging and boring day, and I did enter some silly trades and I did not enter the ones that came later on the same day and they gave nice profits. In order to trade profitable I need to learn to trade price Action. Any template, any system on this forum, is just to confirm your own trading based on price action. Nasap...
Well said Keno..

someone should learn how to behave.. and reaching success without hurting others..
  • #2,198
  • Oct 13, 2013 12:23pm Oct 13, 2013 12:23pm
GOLDEN SNAKE SKIN SHIFTED RENKO...

lol.. I don't want to share it at all... , but maybe someone asking by pm and when i refused, let see if i also moved to commercial side.. too

Attached Image (click to enlarge)
Click to Enlarge Name: Golden Snake Skin Renko Chart EU.png Size: 382 KB
  • #2,199
  • Oct 13, 2013 5:51pm Oct 13, 2013 5:51pm
Monday 14

Bank Holidays in Japan
Bank Holidays in USA
  • #2,200
  • Oct 13, 2013 7:43pm Oct 13, 2013 7:43pm
Quoting keno
Halfdaytrade....... please don`t use my name to justify your silly comments. What you did is absurd and ridiculous, and saying something so silly like I was trading this system is not true. That was my second day of trading, it was a ranging and boring day, and I did enter some silly trades and I did not enter the ones that came later on the same day and they gave nice profits. In order to trade profitable I need to learn to trade price Action. Any template, any system on this forum, is just to confirm your own trading based on price action. Nasap...

How did you know Nasap was a she?

Again this has nothing to do with me being successful or not and for the record I am not a successful trader. Hopefully some day I will be. Read my post I have no problem with commercial vendors. There is a place on this forum for that. As for kickme I don't believe he/she is trading this system and has at least posted the reason for the trades so other can learn and was asked to leave by Nasap.

I also take offense to the fact that I am a mean hearted, spirited, bitter person. I don't think I am at all. I am actually successful in other areas of my life and very happy with my lot in life. I didn't banish Nasap the moderators decided after looking at the posts that they were not done according to the rules. I will say again and I am sure she is reading this, if Nasap is so interested in helping people she can start a thread in the commercial section. I believe she won't since commercial members cant PM or get PM's which would greatly cut down on fishing for clients.

Have wonderful week.
1 trader viewing now