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Shhh! Noiseless Trading Zone

  • #541
  • Apr 26, 2014 10:49am Apr 26, 2014 10:49am
Further Explanation for newer traders
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  • #542
  • Apr 26, 2014 11:44am Apr 26, 2014 11:44am
thats a nice way^^
Everyday better.
  • #543
  • Edited 10:33pm Apr 26, 2014 10:00pm | Edited 10:33pm
Last 13 days on a 1 min chart in very ranging conditions. 150 pips high to low in 13 days.

Second chart in black outline is the same period on a 1hr chart as the first chart in 1min. Theory the same but 1 hr. shows more history.

Summary 1 min more trades and 170 more profit. I would use 1 min chart to trade its more accurate.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: recent.PNG Size: 52 KB
Click to Enlarge Name: Renko1.png Size: 137 KB
  • #544
  • Apr 27, 2014 1:53am Apr 27, 2014 1:53am
Anyone wanting to backtest their EA on renko charts pm me
  • #545
  • Apr 27, 2014 9:31am Apr 27, 2014 9:31am
great thx JTee!!!
looking into them,,homeworking
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  • #546
  • Apr 27, 2014 1:49pm Apr 27, 2014 1:49pm
Hi Jtee,
I want to congratulate you for sharing your experience !!
When do you trade with the Renko system and when do you trade in 1min TF with Ichimoku strategy ?
To trade with 1 lot on EUR/USD, what balance do you suggest ?
Many thanks friend.
Wish you green pips.

Cheers,
Goodgame42.
Trade Safe !
  • #547
  • Apr 27, 2014 6:38pm Apr 27, 2014 6:38pm
Quoting Goodgame42
Hi Jtee, I want to congratulate you for sharing your experience !! When do you trade with the Renko system and when do you trade in 1min TF with Ichimoku strategy ? To trade with 1 lot on EUR/USD, what balance do you suggest ? Many thanks friend. Wish you green pips. Cheers, Goodgame42.
I trade 1 min tf when I cant be close to pc. Which Is frequent. Minimum 5000 acct on 5 pip renko bars a SL of 2 renko bars plus spread should keep losses at a 2 to 2.5% of acct. And thats with a US broker with 50:1 leverage. Jump stop 5 pips at every new candle in trade direction I always look at r enko charts before leaving the house and look what way to trade and S&R levels.Jtee1 :-)
  • #548
  • Apr 28, 2014 1:56am Apr 28, 2014 1:56am
hello J!
i have a q.
i dont understand why this renko is having a longer wick then 5 pips and didnt form another renko brick - as it is not time related and it just should paint a new solid brick instead of a long wick.
do u have some explanation or a way how u look at it or how does it effect you or not when this happens?
any input will help to understand it better.
thank you
Attached Image (click to enlarge)
Click to Enlarge Name: renko wick.jpg Size: 74 KB
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  • #549
  • Apr 28, 2014 2:02am Apr 28, 2014 2:02am
Quoting patient pip
hello J! i have a q. i dont understand why this renko is having a longer wick then 5 pips and didnt form another renko brick - as it is not time related and it just should paint a new solid brick instead of a long wick. do u have some explanation or a way how u look at it or how does it effect you or not when this happens? any input will help to understand it better. thank you {image}

just realized,,,maybe 5 pisp didnt happen from the ''END'' of the previous bar in the prevailing direction ,maybe just 4 - thats why the wick,,,but complete 5 pips from the opposite edge of previews bar....and if it stays within no bar is formed...
i dont have proper renko bars yet at the moment so i just guess.
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  • #550
  • Apr 28, 2014 7:58am Apr 28, 2014 7:58am
Looks correct to me. a new bar will only form above or below a previous bar. No bars will form side by side. And the wicks are a good sign of weakness and imitate a hanging hammer pin bar. I think this is what your referring to.

Quoting patient pip
{quote} just realized,,,maybe 5 pisp didnt happen from the ''END'' of the previous bar in the prevailing direction ,maybe just 4 - thats why the wick,,,but complete 5 pips from the opposite edge of previews bar....and if it stays within no bar is formed... i dont have proper renko bars yet at the moment so i just guess.
  • #551
  • Apr 28, 2014 8:13am Apr 28, 2014 8:13am
Hi, do you enter at the open of the second bar of same color or you wait for further confirmation ? Thanks for answer
  • #552
  • Apr 28, 2014 8:35am Apr 28, 2014 8:35am
Close of bar back to trend
Quoting gigioforex
Hi, do you enter at the open of the second bar of same color or you wait for further confirmation ? Thanks for answer
  • #553
  • Apr 28, 2014 8:37am Apr 28, 2014 8:37am
Run to the store and in trade off of phone now, marked up on home pc for 1 min trade.
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  • #554
  • Apr 28, 2014 8:41am Apr 28, 2014 8:41am
Quoting JTee1
Run to the store and in trade off of phone now, marked up on home pc for 1 min trade. {image}
Great trade JTee !
What are the settings for the ichimoku ?
Thanks.
Trade Safe !
  • #555
  • Apr 28, 2014 8:47am Apr 28, 2014 8:47am
Exit at cloud resistance
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  • #556
  • Edited 9:05am Apr 28, 2014 8:53am | Edited 9:05am
Good start to week. Caught London open I couldn't sleep. Laid in bed with phone trading and caught london open.
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  • #557
  • Apr 28, 2014 9:14am Apr 28, 2014 9:14am
Caught pending home sales. Waiting for retrace and may enter again
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  • #558
  • Apr 28, 2014 9:41am Apr 28, 2014 9:41am
May see bounce north with a new trend heading south 123 pattern. So far news leading us south. This is where fundamentals play in to trading. A bounce north if we get it will be profit taking around 11-12 est. Let price tell you.
Attached Image (click to enlarge)
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  • #559
  • Apr 28, 2014 10:01am Apr 28, 2014 10:01am
If no move north before lunch and sideways flag until 1 est I am looking south after lunch. Again price must confirm. Just my thoughts No move north means traders are holding on to trades and not taking profit yet.
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  • #560
  • Apr 28, 2014 10:05am Apr 28, 2014 10:05am
And missed it. But that's ok approaching 61.8 fib
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