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  • #121
  • Nov 20, 2014 10:26am Nov 20, 2014 10:26am
Congratulation to the new renko thread, I always support renko thread because I'm number one renko lover...lol

Keep up the good work My Friend
and if you need anything related to price base chart/renko just contact me or visit my ARTS thread.

Best Regards
MTH
  • #122
  • Nov 20, 2014 1:09pm Nov 20, 2014 1:09pm
Quoting Vantage
{quote} 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.

Thanks a million for all your insight - very helpful indeed, what a lovely thread
  • #123
  • Nov 20, 2014 1:23pm Nov 20, 2014 1:23pm
Quoting Kiads
Congratulation to the new renko thread, I always support renko thread because I'm number one renko lover...lol Keep up the good work My Friend and if you need anything related to price base chart/renko just contact me or visit my ARTS thread. Best Regards MTH
Thanks Kiads:

I think you are a Renko Master Trader. Sure. There is no so much traders that mastering renko bars.

Kindest Regards.
That which you give to others, life will return it in spades
  • #124
  • Nov 20, 2014 1:25pm Nov 20, 2014 1:25pm
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}
Thanks Kiwioz:

Good post. Im agree with it.

Regards.
That which you give to others, life will return it in spades
  • #125
  • Edited 2:09pm Nov 20, 2014 1:31pm | Edited 2:09pm
Quoting Zokynho
{quote} Well Jaquemate, With all respect this what you showed here is not going to be just like that....Today on eur/jpy was really easy PA,but what when range and choppy days come....?? It can be real dangerous to claim such statements especially to newbies,and you didn't even pointed out some rules regarding SL,TP and that stuff... Please be more serious about trading as many of new traders could learn wrong and lose time... Regards!
No mate:

The most dangerous for a newbie is trading industry itself and high leverage.

Learn is no dangerous. Think byself is no dangerous.

Its better lose time that lose money.

FOR THOSE NEWBIES THAT ARE LOSING THEIR TIME WITH THIS TREAT.

In this game you need (Order is not important):

1.Learn about the implicity risk of the game.
2.Learn about the assumption that nobody control this game.
3.Learn about how to control your emotions.
4.Learn about money management.:nerd:
5.Learn the logical market movements and its simplicity.
6.Learn how to read a chart.
And more.......

This treat is about points 5 & 6.

Regards.
That which you give to others, life will return it in spades
  • #126
  • Nov 20, 2014 3:05pm Nov 20, 2014 3:05pm
Great thread Jaquemate.
I think i got the entries very clear. But not the exists. Some times you BE, sometimes -10 SL sometimes -15 SL.. So, how do you set SL and TP?

Thankx
"Hoe ur pips mate?" fxcarllos
  • #127
  • Edited 7:08pm Nov 20, 2014 6:43pm | Edited 7:08pm
is it only me? or basically you buy or sell when the candle change colors. keep the order open untill it also changes again, and you reverse the trade. you will lose a bit on the ends and entries, but that way you would basically never lose. I don't get this chart, haven't even found it yet on my MT5 platform. But if this works, it would be too weird. There must be necessary to place the order some how based on the time charts too. I'm sceptical.
The chart won't really show how the price moves if I am not wrong. If the price moves really fast let's say 500 pips up, then pulls back 500 down within 1 minute, it will show 10 candles up and 10 candles down within seconds. Unless the day is slow, there is no way to get in or out of the trade on time, neither to place SL or TPs. It will basically move faster than us, and all it takes is one bad luck, and losses could be huge. Anyone else knows something I don't ?
  • #128
  • Nov 20, 2014 6:56pm Nov 20, 2014 6:56pm
Quoting Kiads
Congratulation to the new renko thread, I always support renko thread because I'm number one renko lover...lol Keep up the good work My Friend and if you need anything related to price base chart/renko just contact me or visit my ARTS thread. Best Regards MTH
Good to see you on the thread master of Renko..
Money Makes Money
  • #129
  • Nov 20, 2014 7:13pm Nov 20, 2014 7:13pm
Quoting panamamike
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. {file}
What if the price moves super fast, with pull backs? am I going to get 20 candles within 1 or 2 minutes? how can the SL and even TP be placed if the chart moves fast. I don't get this yet. It seems like it would only work on slow and consistent days. I like the potential, but so far don't get it. Does any one knows how to use it on metatrader 5?
  • #130
  • Nov 20, 2014 7:18pm Nov 20, 2014 7:18pm
Quoting Rooi
{quote} Hi KiwiOz Would you mind sharing the size of the bricks you use in you screenshots Thanks for your time Rooi
Hi Rool. Was wondering if someone would question my chart...
Standard 5 brick settings. However the "Control" chart was on 4H.
Here are the same charts. One set on 5m the other on 4H
Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDM2.png Size: 22 KB
Click to Enlarge Name: GBPAUDM22.png Size: 19 KB
Money Makes Money
  • #131
  • Nov 20, 2014 8:30pm Nov 20, 2014 8:30pm
Quoting jeetvirk
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 {image} {image}
Hi Jeet,

which these 2 MAs are you using?
  • #132
  • Nov 20, 2014 8:50pm Nov 20, 2014 8:50pm
Quoting KiwiOz
{quote} Hi Rool. Was wondering if someone would question my chart... Standard 5 brick settings. However the "Control" chart was on 4H. Here are the same charts. One set on 5m the other on 4H Cheers {image} {image}
Hey mate, very interesting about the different times on the control chart, it is essentially the same, but more smoothed out on the 4H...

Can I ask, which do you prefer to use?
Life is like a snickers, its full of nuts!
  • #133
  • Nov 20, 2014 9:42pm Nov 20, 2014 9:42pm
Quoting firewight
{quote} Hey mate, very interesting about the different times on the control chart, it is essentially the same, but more smoothed out on the 4H... Can I ask, which do you prefer to use?
Depends whether market is ranging or trending.
Money Makes Money
  • #134
  • Nov 20, 2014 11:41pm Nov 20, 2014 11:41pm
Quoting KiwiOz
{quote} Hi Rool. Was wondering if someone would question my chart... Standard 5 brick settings. However the "Control" chart was on 4H. Here are the same charts. One set on 5m the other on 4H Cheers {image} {image}
Been experimenting "As one does"
I like this even better. Bricks set at 10. Control chart on 4H.

Jaquemate & Kiads. Your comments would be appreciated..
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM2.png Size: 31 KB
Money Makes Money
  • #135
  • Nov 21, 2014 12:14am Nov 21, 2014 12:14am
Hello,

I want to be able to attach Renko bars into an H1 Time frame and incorporate it to my trading, is this possible? If so, whats the best parameters to use?

Thanks!
  • #136
  • Nov 21, 2014 1:11am Nov 21, 2014 1:11am
Quoting KiwiOz
{quote} Hi Rool. Was wondering if someone would question my chart... Standard 5 brick settings. However the "Control" chart was on 4H. Here are the same charts. One set on 5m the other on 4H Cheers {image} {image}

Thanks for getting back to me

Yip is a strange thing when you use the 4hr

Do you use it in your live trading or just showing it here?

Thanks for your time?

Rooi
We miss 100% of the shots we don't take
  • #137
  • Nov 21, 2014 1:34am Nov 21, 2014 1:34am
Quoting IonTrading
Hello, I want to be able to attach Renko bars into an H1 Time frame and incorporate it to my trading, is this possible? If so, whats the best parameters to use? Thanks!

Ohh I might have figured it out, certainly this looks more nicer! Thank you for the chart!

Attached Image (click to enlarge)
Click to Enlarge Name: renko with ich.png Size: 102 KB
  • #138
  • Nov 21, 2014 1:35am Nov 21, 2014 1:35am
Nice thread Jaguemate When I noticed that KiwiOz, panamamike, then Vantage and later Rooi were here I knew I needed to take a look !

A couple of years back I worked with Medici on similar charts and so now I'll look again, this time on the Dax - they look good, and its easier to draw KO's Mag Lines too.....

I'm looking for a retrace into the Xetra Open or so to buy again......
Attached Image (click to enlarge)
Click to Enlarge Name: nov21 dax 5pt renko open.png Size: 61 KB
Trading Levels with WRBs
  • #139
  • Nov 21, 2014 1:48am Nov 21, 2014 1:48am
Quoting KiwiOz
{quote} Been experimenting "As one does" I like this even better. Bricks set at 10. Control chart on 4H. Jaquemate & Kiads. Your comments would be appreciated.. Cheers {image}

Hi everyone.
Hi Kiwioz. Your comments are very apreciated for me.
I hope answer you here.

When you are creating a renko box you are eliminating noise inside this renko box and the upper and lower renko boxes.
If size renko is 5 then price can go up or down from the close of the last renko until another renko is formed. For a 5 pips renko you are eliminating 13 pips range fluctuations.
However, if you add heicken ashi then you are eliminating too the average of this fluctuations inside the last renko box. I don’t know if am explaining correctly.

Better look at charts please.

Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 59 KB
Click to Enlarge Name: AUDUSDM2.png Size: 49 KB
Click to Enlarge Name: AUDUSDM3.png Size: 88 KB
That which you give to others, life will return it in spades
  • #140
  • Nov 21, 2014 3:03am Nov 21, 2014 3:03am
Quoting Rooi
{quote} Thanks for getting back to me Yip is a strange thing when you use the 4hr Do you use it in your live trading or just showing it here? Thanks for your time? Rooi
I'm no a scalper so yes, using it for live trading on a couple of pairs.
Money Makes Money
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