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  • #241
  • Nov 25, 2014 4:49am Nov 25, 2014 4:49am
Quoting Jaquemate
UPDATE AUDUSD: If you see allllll charts are always the same..... simple movements up down up down in cíclical waves. Alll charts looks similar... Only we must do is wait for the exact moment to enter agree main trend. Regards. {image}
Really interesting entry...

In my chart the CCI is not on top of a green wave but it's near to 0 and could expand soon... Like happened sometimes before...

I think that's a little bit risky entry but could be very profitable too.

Edit: Obviously the entry would be if the CCI starts to expand, a red candle appears and the Nihilist comes red.
Edit2: The best situation will be the CCI forming a new green wave, then we could sell the top of that wave and have a safer entry

We will see...
Attached Image (click to enlarge)
Click to Enlarge Name: AU 25-11-14.png Size: 20 KB
  • #242
  • Nov 25, 2014 4:52am Nov 25, 2014 4:52am
Quoting Jaquemate
UPDATE AUDUSD: If you see allllll charts are always the same..... simple movements up down up down in cíclical waves. Alll charts looks similar... Only we must do is wait for the exact moment to enter agree main trend. Regards. {image}
Jaquemate, a question
you looking for trend on all pairs,
or you have some favorite cross?
nescentia necat
  • #243
  • Nov 25, 2014 4:58am Nov 25, 2014 4:58am
Quoting Jaquemate
{quote} Hi mate: My EURJPY hindsight: I hope help you. {image} {image} {image}
The things have changed a lot during the morning! Thank you Jaquemate!
  • #244
  • Nov 25, 2014 5:07am Nov 25, 2014 5:07am
Quoting jgadefelth
{quote} The first trade you took ? for 20 pips i dont get that one why ? second one also for 9 pips ? based on what ? then you manage to ignore some red bars that would be losers i think then you take another buy trade ? i cant see this based on HH HL or the opposite ? Best regards
Did you bother looking left, to see the BIG picture, I guess not.
Attached Image (click to enlarge)
Click to Enlarge Name: Did you bother looking left.png Size: 60 KB
Cut your Losers short and let your Winners run.
  • #245
  • Nov 25, 2014 5:12am Nov 25, 2014 5:12am
Quoting Re-L
For whatever reason I can't quite get the same chart with you clivepeckham. Attached is my chart on EUR/AUD. Any ideas why? Thank you! {quote} {image}
Start again. close your offline chart. Remove the Renko indi from the 1min chart, now re apply and set the show wicks to "True" now open your offline chart and apply template. Hey Presto it is the same.
Cut your Losers short and let your Winners run.
  • #246
  • Edited 5:51am Nov 25, 2014 5:40am | Edited 5:51am
Quoting dee50
Now I know why the big boys are visiting. I never could get on with Renkos but the addition of the HAs, visually improves them for me. This mornings EU, on demo. 3 pip Renko. The only thing I found odd was adjusting to the fact that I did not need to come back every hour/15mins as with time based candles. I wanted to go to the toilet for ages whilst waiting for a candle to close, so I suppose a bucket by the desk is useful. I won't linger as I want to try this out for a while, so for now thank you Jaquemate. {image}

Yes to me it looks like the latest trend are up green so your first trade i cant find reasons to enter but maybe it is just me. Second trade is even hardeer for me to understand. The other ones after that i can understand now after your explanation Thanks. Did you enter first trade because you thout down trend will continue after the green retracement ? And trade 2 you think trend is up, because your first trade did not continue for to long so trend gone from down till up now ?

Best regards
  • #247
  • Nov 25, 2014 6:11am Nov 25, 2014 6:11am
Quoting clivepackham
Banked as 50 level in sights plus AUD news RBA Deputy Gov Lowe Speaks in 10 mins 44.9 pips for a nice 11% trade and just before I went to bed last night I nailed another 70 plus pip trade on GBPJPY for almost 20% so far I kinda like these Renko charts... {image} {image} Bit of news flying about for a while now so time for my morning cuppa... Thanks Jaquemate great thread...

great CCI & color Ma indicator clivepackham. even without renko it works great ! thanks.

btw, what's the indicator at the most right hand side of your chart ?
  • #248
  • Nov 25, 2014 6:30am Nov 25, 2014 6:30am
Took EUR/JPY trade, went short and made a nice 25 pips.

Thanks Jaquemate!

Quoting Jaquemate
{quote} Hi mate: My EURJPY hindsight: I hope help you. {image} {image} {image}
  • #249
  • Nov 25, 2014 7:20am Nov 25, 2014 7:20am
Hy... i've some problem with renko charts ... I've downloaded many indi and expert and if i try to set it with same parameter i've different renko charts how is possibile?
Which is the right one?Have you try?
Regards
  • #250
  • Nov 25, 2014 7:21am Nov 25, 2014 7:21am
Quoting jgadefelth
{quote} Yes to me it looks like the latest trend are up green so your first trade i cant find reasons to enter but maybe it is just me. Second trade is even hardeer for me to understand. The other ones after that i can understand now after your explanation Thanks. Did you enter first trade because you thout down trend will continue after the green retracement ? And trade 2 you think trend is up, because your first trade did not continue for to long so trend gone from down till up now ? Best regards
Maybe this will help clarify my reasoning, not enough room on the chart for every thought, but you have the gist of it any way.
Attached Image (click to enlarge)
Click to Enlarge Name: EU trades expl.png Size: 80 KB
Cut your Losers short and let your Winners run.
  • #251
  • Edited 7:56am Nov 25, 2014 7:43am | Edited 7:56am
Quoting GodFire
{quote} Hi Clive, Could you explain how you use the cci a bit more? As I understand cci you only take a trade if the the level is above 100 or below -100 but you took the trade when it was at aprox. 60 level.
Hi Godfire

I have done a fairly detailed description on my thread that I will find for you later but all I'm really looking for is the momentum to swing from down to up as in this entry... So once CCI candles start to get taller I know momentum is swinging uppwards in a strong uptrend so expect a price reversal shortly. Also HA candles show swings in momentum too so in this actual entry I waited for a green HA then dropped my buy stop 2 pips above it and it got hit almost immediately.

Heres the link to my post on my CCI entry system for normal candle entries... http://www.forexfactory.com/showthre...39#post7856639

Its all about momentum for me, where is the momentum??? Up or down??? Theres only 2 choices to make.... I want to see a chart where I have no doubt which direction it is going in, any doubt I move onto another chart where I can see it clearly.. If in doubt stay out...

Once you know you're direction in a strong trending pair then wait for momentum to swing your way as price will follow it 70% of the time...

Not gauranteed of course but a significant edge to make all the difference.....By the way it leads price too very often, now I know many traders will say thats impossible as it takes its imformation from the price so how can it lead it??? Well they don't understand momentum indicators very well , I won't explain it here today but just look at my charts and you will see many times CCI turns before the price giving you a clear heads up to place your pending order....Especially when you combine it with HA candles..

PS I use to say my CCI would be correct 70% of the time in strong trending normal charts but I'm finding it even more accurate in strong trending Remko charts....
Feel the Fear and do it anyway!!!
  • #252
  • Nov 25, 2014 7:52am Nov 25, 2014 7:52am
Quoting redred999
{quote} great CCI & color Ma indicator clivepackham. even without renko it works great ! thanks. btw, what's the indicator at the most right hand side of your chart ?
Yea I know awesome aren't they and add it to a strong trender and then renko charts and you've got yourself a seriously reliable system...

That indy is my spread and risk calculater so I know exactly how much to risk each trade to stay within my money management rules . I never trade more than 5% of my outstanding balance across a 20 pip stop... 20 pips is my emergency stop only I will very often get out way before then if my trade goes against me...

heres that indy...

happy trading to all...
Attached File(s)
File Type: ex4 1 min Tick Value Modified 1.ex4   5 KB | 666 downloads
Feel the Fear and do it anyway!!!
  • #253
  • Nov 25, 2014 8:24am Nov 25, 2014 8:24am
Quoting clivepackham
{quote} Yea I know awesome aren't they and add it to a strong trender and then renko charts and you've got yourself a seriously reliable system... That indy is my spread and risk calculater so I know exactly how much to risk each trade to stay within my money management rules . I never trade more than 5% of my outstanding balance across a 20 pip stop... 20 pips is my emergency stop only I will very often get out way before then if my trade goes against me... heres that indy... happy trading to all... {file}

oh it's this one. thanks alot.
  • #254
  • Nov 25, 2014 8:46am Nov 25, 2014 8:46am
Hi All,

I'm really happy to see this thread grow so fast with more and more renko user; Congratulation to My Friend Jaquemate, keep up the good work.

For New Renko User / Price base chart in MT4 environment, please use your search option before asking repeatedly 'same' question. There is a lot information on how to create your offline renko chart.

And I must remind all of you that if you use 'standard' renko chart builder without 'price anchor', it is 'her' nature to 'repaint' in the past when you refresh your chart / turn off/on your MT4 or reloaded your renko chart builder programs (EA/Indicator/Script).

But mostly 'history' is not so important in price base chart, you trade future movement and mostly the renko brick turning point formation is all you need to entry and exit.

Use Heiken Ashi candles indicator, (On Chart Moving Average cross-over histogram) is a good help to eliminate small whipsaw in renko chart, but you must remember that both renko chart (due to her read-write process) and the nature of MA crossing in Heiken Ashi you will get some 'lagging' experience if you compare with original source data from M1 candlestick chart, and sometimes the data will be 'truncated' so don't be surprised if you find the 'different' high or low between candlestick chart and renko chart.

It's great to learn this basic/standard renko chart environment to know the 'real' supply / demand and support /resistance areas without any 'time slashing' noises. The main important key is your 'patience' because this 'timeless' chart can make you so boring in waiting without knowing when the 'new' bar will show up.. lol.

And for more advance 'user' you may consider Timely Brick Renko Chart to make your 'renko' and 'HA' cross earlier..

Attached Image (click to enlarge)
Click to Enlarge Name: ! Timely Renko Chart with non wick HA.png Size: 136 KB


Hope it help and best regards
MTH
  • #255
  • Nov 25, 2014 9:03am Nov 25, 2014 9:03am
Quoting clivepackham
{quote} Hi Godfire I have done a fairly detailed description on my thread that I will find for you later but all I'm really looking for is the momentum to swing from down to up as in this entry... So once CCI candles start to get taller I know momentum is swinging uppwards in a strong uptrend so expect a price reversal shortly. Also HA candles show swings in momentum too so in this actual entry I waited for a green HA then dropped my buy stop 2 pips above it and it got hit almost immediately. Heres the link to my post on my CCI entry system for...
Thank you very much

I think the CCI can filter a lot of bad trades in addition with the ichimoku... when I have time I create a detailed post how I see the market
  • #256
  • Edited 11:53am Nov 25, 2014 10:31am | Edited 11:53am
EU Long, so far B/E +40, I'm coming to the end of my session so I may close this and shut down.

Waited and waited for this one to set up, took 2 screen shots 1 of the 10 pip brick and another of the 3pip brick so you could see the detail of the trade. I wanted to join them together so you could see them side by side but the graphic programme has thwarted me. I have to admit I am really beginning to like these Renkos, I think I will have to set this up on my futures platform, Renkos are standard on that. Thanks OP.

EDIT. I figured it out.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Trade 251114 joined.png Size: 42 KB
Cut your Losers short and let your Winners run.
  • #257
  • Nov 25, 2014 11:38am Nov 25, 2014 11:38am
Hi everyone:

Some traders believe that they must to stand by in front of computer a lot of time waiting for a renko brick is formed.
This is not necessary if you use 1h charts like a filter of WHEN TO TRADE and WHEN NOT TO TRADE and you are trading agree with MAIN DAILY-WEEKLY-MONTHLY TREND.

We are looking for put on a couple or trades every day and this trades must be survive to daily movements taking partial profits for replenish our account balance and cover drawdowns.

In the next example we are assuming Main trend is DOWN in EURUSD. Then we go to 1H chart and wait for a HA RED BAR closing below 21 EMA in consonance with main trend.

The arrows below these HA GREEN BARS are saying you DON’T TRADE. This time you don’t need to stay in front of computer. Only look at chart every hour looking for a new HA RED BAR is formed and from here go to Renko chart to take a trade.
Some times you take a trade a bit late but in the long run you are eliminating some losing trades too.

Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 49 KB
Click to Enlarge Name: EURUSDH1.png Size: 52 KB
That which you give to others, life will return it in spades
  • #258
  • Nov 25, 2014 12:17pm Nov 25, 2014 12:17pm
Quoting dee50
EU Long, so far B/E +40, I'm coming to the end of my session so I may close this and shut down. Waited and waited for this one to set up, took 2 screen shots 1 of the 10 pip brick and another of the 3pip brick so you could see the detail of the trade. I wanted to join them together so you could see them side by side but the graphic programme has thwarted me. I have to admit I am really beginning to like these Renkos, I think I will have to set this up on my futures platform, Renkos are standard on that. Thanks OP. EDIT. I figured it out. {image}...
Dear dee50
Will you be so kind to tell me, what is the blue line
on your chart.It is a MA or what?
I can't figure out what it is.
Thank you very much for your time
My best regards

Dan
  • #259
  • Nov 25, 2014 12:33pm Nov 25, 2014 12:33pm
Quoting dansmol
{quote} Dear dee50 Will you be so kind to tell me, what is the blue line on your chart.It is a MA or what? I can't figure out what it is. Thank you very much for your time My best regards Dan
I think I know what it is.... When you pull a HA indy up it runs on the "line chart" setting so that line appears I think its a 1 sma.. If he wanted to get rid of it all he has to do is right click the chart goto "properties" and select the line chart input to "none" then it would be invisible.. and disappear, I don't think its of any use just clogs the chart up a bit..

Well I think thats what it is????
Feel the Fear and do it anyway!!!
  • #260
  • Nov 25, 2014 1:42pm Nov 25, 2014 1:42pm
Let's have a look at the most trending pair to day according to clive's great indicator the eur/aud. I use the meanrenko bars in addition to the ichimoku (Here is the ichimoku manual and here is a very detailed video about ichimoku)

Attached Image (click to enlarge)
Click to Enlarge Name: meanrenko-cci-ichi.PNG Size: 57 KB


Today was easy wasn't it? I took 2 long trades because:

1. Price above Cloud
2. Tenkan above Kijun
3. Future Cloud is blue
4. Chikou span is above price
5. CCI is above 100-Level

For short trades it must be vica versa.

Here is another chart from today the eur/hkd which was also trending

Attached Image (click to enlarge)
Click to Enlarge Name: meanrenko-cci-ichi-usdhkd.PNG Size: 72 KB


Now let's have a look at a ranging chart

Attached Image (click to enlarge)
Click to Enlarge Name: meanrenko-cci-ichi-gbpcad.PNG Size: 37 KB


Personaly I wouldn't trade this pair at the 20.11.2014 because it's too ranging but anyway. The ichi and the cci shows us just ONE valid trade!

I think this combination is very powerfull and also simple if you learn ich well
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