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  • #101
  • Nov 19, 2014 7:44pm Nov 19, 2014 7:44pm
Clive,

Did you hear any alert sound when the candle color changed....? I see that option in the settings box of the EA but, so far I've not heard an alert sound. Since Renko candles are non-time-dependent, it would be nice to have an alert for when a bar closes and the candle color changes. Each new candle could be an hour long or 15 minutes long.... one will never know. I don't really want to stare intently at my screen for hours on end.
  • #102
  • Nov 19, 2014 8:20pm Nov 19, 2014 8:20pm
Quoting sknight1
Clive, Did you hear any alert sound when the candle color changed....? I see that option in the settings box of the EA but, so far I've not heard an alert sound. Since Renko candles are non-time-dependent, it would be nice to have an alert for when a bar closes and the candle color changes. Each new candle could be an hour long or 15 minutes long.... one will never know. I don't really want to stare intently at my screen for hours on end.

Sorry no I didn't and wasn't aware it was there, in fact just had a look and I can't see an alert input?? What alert input are you referring to???
Attached Image (click to enlarge)
Click to Enlarge Name: renko inputs.PNG Size: 19 KB
Feel the Fear and do it anyway!!!
  • #103
  • Nov 19, 2014 8:30pm Nov 19, 2014 8:30pm
Crap, I'm sorry.... must've been a different EA that I was looking at.

Apologies
  • #104
  • Nov 19, 2014 9:01pm Nov 19, 2014 9:01pm
Quoting clivepackham
Hi Jaquemate You've had a pretty hard first day my friend.... I tend to agree with you trading is simple, not easy, but simple afterall price can only go up or down, not rocket science is it??? Up or down??? Thats all you've got to decide are you a buyer or a seller??? Now if you are a newbie then for heavens sake trade it on demo till you're absolutely comfortable with it then and only then give it a go with...
I am not going to keep trolling this thread, but i would be very interested if you would be so kind as to post an explorer (your real account or demo) after a few weeks of trading this system and show us how you are going with those results. My last dig is to say that sorry mate, but if you have just been introduced to Renko and Heiken Ashi charts via this thread, then you are most definitely in the newbie category. Rant over. Back to fairyland.
Enter Signature
  • #105
  • Nov 19, 2014 10:48pm Nov 19, 2014 10:48pm
Quoting Sarythsaya
{quote} I am not going to keep trolling this thread, but i would be very interested if you would be so kind as to post an explorer (your real account or demo) after a few weeks of trading this system and show us how you are going with those results. My last dig is to say that sorry mate, but if you have just been introduced to Renko and Heiken Ashi charts via this thread, then you are most definitely in the newbie category. Rant over. Back to fairyland.
It's always better when peeps don't troll threads. If you like a thread then contribute, if not move on to one that you do like. Not saying you are a troll, as these seam to come in pairs on FF! However I never follow the show us your explorer / statement / profit and loss / whatever, posts. Whether the OP can trade it profitably, is of no indication that you or I could. The only thing that matters is, can we take the OP's idea and make it our own, to make more pips than we were before.
Good Trading
  • #106
  • Nov 19, 2014 11:39pm Nov 19, 2014 11:39pm
Quoting aud
{quote} It's always better when peeps don't troll threads. If you like a thread then contribute, if not move on to one that you do like. Not saying you are a troll, as these seam to come in pairs on FF! However I never follow the show us your explorer / statement / profit and loss / whatever, posts. Whether the OP can trade it profitably, is of no indication that you or I could. The only thing that matters is, can we take the OP's idea and make it our own, to make more pips than we were before.
Money Makes Money
  • #107
  • Nov 20, 2014 12:22am Nov 20, 2014 12:22am
Quoting Jaquemate
{quote} Ok Big A: I dont say trading is EASY. I say trading is SIMPLE. Is not the same concept. You talk abotu GBPCAD. Ok. I dont trade this cross by the spread (+-6). But only look at the charts. 1. Main Trend. 2. Daily Trend. 3. Take low ris entries base HA+Renko. You are not using HA and it change the things. HA is a filter. In GBPCAD we are in a bear trend from several days and today everay HA says UP, UP, UP. You can do 3 things. Take intraday buy entries. Take both sides or follow the 3 steps and dont trade until daily trend is agree with...
Don't let the trolls & Knockers get to you mate. Your system IS simple. It just takes patience & as with ALL systems, Discipline. Traders have to learn to recognize consolidation when they see it. Best then to move on to another pair which is still trending until the consolidation is over.
Good work mate & some good input from some.
Have posted a chart showing a trending pair that can be traded two ways. The purple way or the yellow way.
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM2.png Size: 29 KB
Money Makes Money
  • #108
  • Nov 20, 2014 12:30am Nov 20, 2014 12:30am
Hi Jaquemate thanks for sharing your simple method for trading and also want to thanks to Clivepackham for his valuable inputs.

Yestarday i did some trial on this method. so net loss is -18 pips.

Today I took two trades which I incorporate with Daily time frame analyses.
UJ close trate at +32 pips (Could have gain 20 more pips but was not in front of my laptop)
GJ close trade at +62
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM2.png Size: 47 KB
Click to Enlarge Name: USDJPYM2.png Size: 47 KB
  • #109
  • Nov 20, 2014 12:48am Nov 20, 2014 12:48am
Here is another handy indicator i found, which may help with people testing on multiple pairs. It gives an alarm when the renko bars change color.
Attached File(s)
File Type: ex4 RenkoColorChangeAlarm.ex4   5 KB | 2,391 downloads
  • #110
  • Nov 20, 2014 2:39am Nov 20, 2014 2:39am
Hope you answer Sarythsaya's question
  • #111
  • Nov 20, 2014 3:47am Nov 20, 2014 3:47am
Quoting BenderTrader
Hi Jacquemate I like the idea of KISS ( keeping it sweet n simple) and I loved the idea of Renko Bars ever since I heard of them cos it makes more sense than time candles anyday and measures Price Action I have an Idea - what about adding two EMAS ( 50 to the high and low) that way if price trading above you know to add longs only and below to add shorts only{image} Let me know what you think

Hi There

Did anyone manage to check this out as yet>
  • #112
  • Nov 20, 2014 4:29am Nov 20, 2014 4:29am
Quoting BenderTrader
{quote} Hi There Did anyone manage to check this out as yet>
Any moving average buy above/sell below system will work well when trending. One of the most popular threads ever at FF is largely based around a 2 ma high/low. The dis-advantage of such systems usually is that support and resistance turns (double tops/bottoms) at proven levels (or higher lows/lower highs that follow) often get missed.

This chart shows examples of trend moves that work (with HH, HL's) and turns from easily identified levels that would be missed e.g. a double top sell above the ma. If you subscribe to the idea that trading is either going to go according to trend or support/resistance (you never know which will win until price reacts) and can get a balance between both ideas then your trading will improve dramatically.

But its up to you to research your idea.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD+M2.png Size: 45 KB
  • #113
  • Nov 20, 2014 4:53am Nov 20, 2014 4:53am
Quoting Vantage
{quote} Any moving average buy above/sell below system will work well when trending. One of the most popular threads ever at FF is largely based around a 2 ma high/low. The dis-advantage of such systems usually is that support and resistance turns (double tops/bottoms) at proven levels (or higher lows/lower highs that follow) often get missed. This chart shows examples of trend moves that work (with HH, HL's) and turns from easily identified levels that would be missed e.g. a double top sell above the ma. If you subscribe to the idea that trading...

Thank You Vantage - I am trying a way to use these Renko bars but filter out the bad trades, what do you suggest - using a trendline?
  • #114
  • Nov 20, 2014 7:36am Nov 20, 2014 7:36am
Quoting BenderTrader
{quote} Thank You Vantage - I am trying a way to use these Renko bars but filter out the bad trades, what do you suggest - using a trendline?
I have looked at renko bars before but never traded live with them. But I'll work on the understanding that there's nothing new in trading and that renko bars won't suddenly be the answer to all your trading woes. What a renko bar might do is give YOU something that you can easily visually relate to.

But generally it will come down to trend v support/resistance and generally trend will continue until it hits a SR level. At that stage then you need to watch what the reaction is.

Decide on a definition of your higher TF trend, the thread starter says D trend but I don't recall seeing an actual definition, apologies if I missed it. There are other things that you can take into account such as:

- trades in your direction in and around LO,
- can you see clear bases forming (earlier chart post showed clear examples), this might be below your ema's if you choose to add them,
- has LO failed to move in one direction if so a move in the opposite direction is more likely (hey Jacquemate did say keep it simple),
- has LO had a quick 50-70 pip move if so good chance thats it for an hour or two,
- if London morning session has been quiet then US session normally comes to the rescue (again Jacquemate refers to ADR and its generally going to get there)
- research the moves of pairs in the times you can trade and never cease to be amazed how strongly pairs like gbpaud, gbpjpy, gbpnzd (and the same for eur) can trend.

I have my definition of trend, get Jacquemate's and start researching renko moves in line with trend. Double bottoms that revert to trend, HH that breaks the immediate range and either TL break or positive candle close entry a pip or two above for buys (so you'll have HH, HL flow) and opposite for sells.

Start with the end in sight, have a look at this euraud chart with SR levels highlighted. We have just exited a 323 pip move up from the last bounce up off the lower SR level (chart posted on my thread). You decide what your trend definition is then from that day start looking at the renko moves on 5 or 10 pip renko charts whatever you decide on. As you'll be buying how do things look around Asian session, LO, pre US open and post US news. Look at the above list, bases, double bottoms, HL's - reverting to uptrend.

Find some charts where D is drifting and go through renko charts again, how do things look.

My apologies to the thread starter but I believe you'll be immensely better off getting some background rather than just do it, this might be more than Jacquemate intended but it seems he has been through the what the heck do I do now rollercoaster.

It might indeed be as simple as he says (ok but not necessarily easy). What I would never dispute is higher TF trend definition, lower TF entry into trend (buy dips in uptrend, sell rallies in downtrend) is about as basic as it gets.

I have subscribed to thread and looking forward to see if this old dog can learn some new tricks.

PS I never change my methods until I am thoroughly comfortable, researched and certain they are an improvement.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD+Daily.png Size: 38 KB
  • #115
  • Nov 20, 2014 7:39am Nov 20, 2014 7:39am
Hi everyone:

I go to lunch and today is a complicated day. Im travelling.

But i want to pots a quickly puzzle.

Do you remember yesterday´s charts?.

Well. Im only refreshing it.

Thanks to all mates that are following and participating in this experience.

Kindest Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 55 KB
Click to Enlarge Name: AUDUSDH1.png Size: 72 KB
Click to Enlarge Name: AUDUSDM2.png Size: 77 KB
That which you give to others, life will return it in spades
  • #116
  • Nov 20, 2014 7:46am Nov 20, 2014 7:46am
Sorry was typing above list off the top of my head and forget to add, how do things look on renko charts when you approach a proven resistance level as euraud clearly has done.
  • #117
  • Nov 20, 2014 7:51am Nov 20, 2014 7:51am
Quoting Jaquemate
Hi everyone: I go to lunch and today is a complicated day. Im travelling. But i want to pots a quickly puzzle. Do you remember yesterday´s charts?. Well. Im only refreshing it. Thanks to all mates that are following and participating in this experience. Kindest Regards. {image} {image} {image}
Bendertrader have a look at Jacquemates charts, trend is time frame dependent. As has been highlighted D can be in downtrend but the shorter term can be moving up counter trend. You want to be waiting for your short term flow to be in line with bigger pic trend.
  • #118
  • Nov 20, 2014 9:14am Nov 20, 2014 9:14am
Quoting KiwiOz
{quote} Don't let the trolls & Knockers get to you mate. Your system IS simple. It just takes patience & as with ALL systems, Discipline. Traders have to learn to recognize consolidation when they see it. Best then to move on to another pair which is still trending until the consolidation is over. Good work mate & some good input from some. Have posted a chart showing a trending pair that can be traded two ways. The purple way or the yellow way. Cheers {image}

Hi KiwiOz

Would you mind sharing the size of the bricks you use in you screenshots

Thanks for your time

Rooi
We miss 100% of the shots we don't take
  • #119
  • Nov 20, 2014 10:06am Nov 20, 2014 10:06am
Hi everyone:

I read some post about the difficult to trade renko bars by the market randomnes.

But the answer is not in the renko bars. The answer only can give the higher time frame trend. Thats all.

This charts show how to identify a pair trending and a pair dont trending. Starting to Daily trend you can see GBPAUD is not a good pair for trade today.

In Daly charts i see a DOWN TREND but yesterday was a strongest bullish sesión and Daily Heichen Ashi is GREEN. I dont know when Price go. But i dont like this pair.

Hoewer, if you are a intraday trader you can take trades today but my target is so long.

Regards..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 49 KB
Click to Enlarge Name: GBPCADH1.png Size: 68 KB
Click to Enlarge Name: GBPCADM2.png Size: 85 KB
That which you give to others, life will return it in spades
  • #120
  • Nov 20, 2014 10:08am Nov 20, 2014 10:08am
Now a trending pair.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 70 KB
Click to Enlarge Name: EURJPYM4.png Size: 78 KB
That which you give to others, life will return it in spades
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