- #2,204
- Oct 14, 2013 7:10am Oct 14, 2013 7:10am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
{quote} waths this funny renko? there ismany better on google search...
nah.. that my previous post is only joke my friend Mara1, just to tease someone.. lol. to give him a lesson that if nice contributor like Nasap don't want to share all of her system and only part of it for free, but it is also really valuable to us.. we don't need to get mad and accused her for something that doesn't make sense at all..
anyway let's forget about that and move on..
best regards..
- #2,207
- Oct 14, 2013 10:18pm Oct 14, 2013 10:18pm
- | Membership Revoked | Joined May 2012 | 1,218 Posts
3 The only answer I got was that I need to see the structure of the price, and I have not idea how to do that.
but if you use renko maybe just watch HH LL HL LH formations..
hope it help
best regards
Thanks Kiads.
So just trading Renko with Price Structure is giving you nice setups. But it is not the idea behind Mihailo and Nasap trades, because they trade the Momentum of the movement.
They wait until the movement has gained momentum, which is shown by GoldenFinger, PalladaVQI, and all 4 Boxes.
But sometimes the momentum dies, even reverses, and they posted pictures where they just hold until eventually reached TP without touching SL. I feel there is lot of luck there.
I can see in your trades, specially the GBPUSD that you are trading channels, taking the long term trend and buying at the best possible price at the bottom of that channel, then you even hold the position during the big correction and move the stop loss below the V correction.
With USDCHF the same. You bought at the best possible price and just hold it. with a SL below the V correction.
Nice, that is a long term winning strategy. Maybe we should end this Mihailo template and trade channels. Mihailo template is useless to trade the way you do.
Anyway, thanks for your help.
So just trading Renko with Price Structure is giving you nice setups. But it is not the idea behind Mihailo and Nasap trades, because they trade the Momentum of the movement.
They wait until the movement has gained momentum, which is shown by GoldenFinger, PalladaVQI, and all 4 Boxes.
But sometimes the momentum dies, even reverses, and they posted pictures where they just hold until eventually reached TP without touching SL. I feel there is lot of luck there.
I can see in your trades, specially the GBPUSD that you are trading channels, taking the long term trend and buying at the best possible price at the bottom of that channel, then you even hold the position during the big correction and move the stop loss below the V correction.
With USDCHF the same. You bought at the best possible price and just hold it. with a SL below the V correction.
Nice, that is a long term winning strategy. Maybe we should end this Mihailo template and trade channels. Mihailo template is useless to trade the way you do.
Anyway, thanks for your help.
- #2,210
- Oct 15, 2013 3:36am Oct 15, 2013 3:36am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Thanks Kiads. So just trading Renko with Price Structure is giving you nice setups. But it is not the idea behind Mihailo and Nasap trades, because they trade the Momentum of the movement. They wait until the movement has gained momentum, which is shown by GoldenFinger, PalladaVQI, and all 4 Boxes. But sometimes the momentum dies, even reverses, and they posted pictures where they just hold until eventually reached TP without touching SL. I feel there is lot of luck there. I can see in your trades, specially the GBPUSD that you are trading channels,...
and you can always 'see' what is that we called 'momentum' without any indicator. just 'watch' series of top and bottom formations.. more closer the formations.. it will tell you that something will happen soon.. (just like 'squeeze' at BB).
And about how i manage my trade look at this example picture bellow.. just as simple as that..
best regards...
- #2,212
- Edited 5:02am Oct 15, 2013 4:40am | Edited 5:02am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Now... how do you guess there is a swing coming ? Did you just take the break of that resistance when prices where coming down (your entry match that resistance/ new support level) ? Or in other words, how did you know that is not going to bounce and continue higher ?
but maybe you can 'see' my picture bellow for more explanation..
best regards...
- #2,215
- Oct 15, 2013 5:32am Oct 15, 2013 5:32am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
If that is the case you would be LONG right now on that same graph you posted, it did break the support (previous low at 1.3485) and now is trading above it.
It already happen like that before.. (price don't break my previous watch line)
hope it help...
best regards
- #2,218
- Oct 15, 2013 7:20am Oct 15, 2013 7:20am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
About this regression channel
sometimes i use it for better 'visualized' the swing, but remember that this indicator (as usual) was repainting following the price movement..lol, and also heavy resources consumer.. coz the way it plot the line not from buffer but from thousands of dot objects..
I use it with my shifted renko with 8 point brick size, shifting 25 % (2 point step).
I use two instance of this indicator
both use period of :144 bar/candle
first indi : with dev 0.5, 1.25 and 2.0
2nd indi : with dev 0.75, 1.50 and 2.25
set other setting as you like
hope it help
best regards..
sometimes i use it for better 'visualized' the swing, but remember that this indicator (as usual) was repainting following the price movement..lol, and also heavy resources consumer.. coz the way it plot the line not from buffer but from thousands of dot objects..
I use it with my shifted renko with 8 point brick size, shifting 25 % (2 point step).
I use two instance of this indicator
both use period of :144 bar/candle
first indi : with dev 0.5, 1.25 and 2.0
2nd indi : with dev 0.75, 1.50 and 2.25
set other setting as you like
hope it help
best regards..
Today profit EURUSD + 30 pips +42 GBPJPY + 20 pips+37 EURJPY +13+28 Nice for a day I think
hello mara is it possible for you to post your charts so that we might learn from your success. In light of recent posts I am not looking for a free ride or easy way to learn this system. I am trying to learn as I have been struggling to get any type of profit.
Regards and good luck