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Trading is as simple as ABCD

  • #2,581
  • Dec 3, 2014 10:43am Dec 3, 2014 10:43am
Quoting Clipi
here's mine ... it may be a thing of the broker? I am with IC markets. {file} {file} {image}
Hi Clipi

Have you modified the Harenko templates at all??

Heres my gbpjpy chart how does yours look??
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
  • #2,582
  • Dec 3, 2014 10:47am Dec 3, 2014 10:47am
Forgive me for barging in lol

juat dashed home from work and litteraly get 1min look to read.

what modifications has clipi done?
  • #2,583
  • Dec 3, 2014 11:09am Dec 3, 2014 11:09am
Quoting Clipi
here's mine ... it may be a thing of the broker? I am with IC markets. {file} {file} {image}
I've icmarkets too and my chart is quite different from your... Could you share your set so we can check same charts? (original chart tf, expert used for generate renko renko setting and sma setting)
Regards
  • #2,584
  • Dec 3, 2014 12:19pm Dec 3, 2014 12:19pm
Quoting devontrader
Forgive me for barging in lol juat dashed home from work and litteraly get 1min look to read. what modifications has clipi done?
i don't think he's done any modifications but his GBPAUD chart appearred totally diferent from mine so we were just comparing renko charts, can you post one up here of gbpjpy today and lets see if there's any difference with different brokers. I use FXCM so different broker to them if possible.

Anyone else want to post todays GBPJPY renko chart lets see how they diiffer bricks set to 3 and use Ha/renko template.

heres the settings I use on renko expert..
Attached Image (click to enlarge)
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Feel the Fear and do it anyway!!!
  • #2,585
  • Dec 3, 2014 12:21pm Dec 3, 2014 12:21pm
In line with trying to get into these trades earlier just took this GBPJPY low risk entry and maybe the start of a nice move down??
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Feel the Fear and do it anyway!!!
  • #2,586
  • Dec 3, 2014 12:28pm Dec 3, 2014 12:28pm
I am with Oanda. Here is mine. Sorry, this was GBPJPY. You are looking for GBPAUD.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,587
  • Dec 3, 2014 12:35pm Dec 3, 2014 12:35pm
Just trying to work out which charts are best to trade??? Renko, HArenko, HA normal or just plain normal candles, so lets have a look how they compared on GBPJPY today,

Normal Candles

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Normal candles plus HA...

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Just renko no HA

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Or as someone called it recently the renko and HA candles together Harenko....like it.

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Well what do you think???
Feel the Fear and do it anyway!!!
  • #2,588
  • Dec 3, 2014 12:36pm Dec 3, 2014 12:36pm
Quoting clivepackham
{quote} i don't think he's done any modifications but his GBPAUD chart appearred totally diferent from mine so we were just comparing renko charts, can you post one up here of gbpjpy today and lets see if there's any difference with different brokers. I use FXCM so different broker to them if possible. Anyone else want to post todays GBPJPY renko chart lets see how they diiffer bricks set to 3 and use Ha/renko template. heres the settings I use on renko expert.. {image}
Above my geppy chart with your renko setting from original 1mintf chart. Second screenshot is what i have i f i try to load your posted tpl... I don't know why..
Regards
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  • #2,589
  • Dec 3, 2014 12:46pm Dec 3, 2014 12:46pm
Quoting clivepackham
Just trying to work out which charts are best to trade???
I have been looking at regular and harenko all day. At times they are at odds with each other. I guess it just comes down to which one you "see" better. The Harenko chart would have kept you out of the last GBPJPY sell.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,590
  • Dec 3, 2014 1:21pm Dec 3, 2014 1:21pm
sorry, there is something wrong. GBPAUD screens belonged to work PC. something will be wrong with the settings, I will review tomorrow.
These two belong to the home computer, these are the same as yours.
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  • #2,591
  • Dec 3, 2014 1:52pm Dec 3, 2014 1:52pm
Quoting Clipi
sorry, there is something wrong. GBPAUD screens belonged to work PC. something will be wrong with the settings, I will review tomorrow. These two belong to the home computer, these are the same as yours. {image} {image}

Ah thats great thanks guys that means they are reliable as we all have the same now apart from Clipi who has something different at work, good news. That will be interesting to know what you did different with the work PC because that was an awesome chart to trade very very clear signals. If you work it out that might be the perfect setup..

I tried all sorts of brick lengths but just couldn't match it. I wander what it is that makes it different??? Let us know Clipi when you find out. I even wandered if it was repainting or something???

OK thanks guys at least we know we can trust these renko charts...

Now the question is should we use them or not???

When I look at todays GBPJPY chart the HArenko looks really cool and shows these ABCD moves very clearly but to be honest the normal charts with HA candles looks pretty effective too, the only trouble is we're all use to trading normal candles and miss the price action we're use to...

I'm gonna keep those Harenko charts going looking for clear signal;s but maybe drop down to my one minute normal candles for a precise entry.. maybe when I trust these Harenkos I will give up the 1 mins but thats hard 3 years of staring at 1 min normal candles is hard to give up...
Feel the Fear and do it anyway!!!
  • #2,592
  • Dec 3, 2014 1:55pm Dec 3, 2014 1:55pm
Quoting clivepackham
{quote} Ah thats great thanks guys that means they are reliable as we all have the same now apart from Clipi who has something different at work, good news. That will be interesting to know what you did different with the work PC because that was an awesome chart to trade very very clear signals. If you work it out that might be the perfect setup.. I tried all sorts of brick lengths but just couldn't match it. I wander what it is that makes it different??? Let us know Clipi when you find out. I even wandered if it was repainting or something???...
Agreed. After looking at the Harenkos for the past couple of days, I think I like the regular candles. They show momentum very well and compression. I think this is key to this type of strategy. I want to see small candles around the MA with confluence of the CCI, then a momentum candle moving in the right direction. the HArenkos do not give us that.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,593
  • Dec 3, 2014 2:49pm Dec 3, 2014 2:49pm
Quoting capstone
{quote} Be careful of those counter trades, they can be kind of touchy, lol. Take it from someone who knows.

Hey Cappers

Just see your post about my "counter trend" trade??? Nahhh, counter trend trade Moi????? No way Hose!! Thats trading wave 1 in the new trend.....so definately trading with the trend...

Lol gotta catch these trends early you know!!!

Worked out ok got 20 pips out of it and then bought the first HL and went another 15 pips up but did my usual and let it come back out for BE...Oh well never mind..

Seriously though I am trying to get in as early as possible in the new trends so working on reversal trades a bit more rather than just rely on the TTindy. That was a low risk entry because it had been down there before and then printed a HH so felt right to buy the next failed drive so I did...the second entry was a real beaut of a Harenko system trade definately with the brand new trend so I thought as I've caught the first pullback in the new uptrend, hold it, this could be good but unfortunately, the market had other ideas....

Heres the first trade result and the second trade well on its way...

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Heres the 2nd trade a beaut of a Harenko entry pending order above first green candle..

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Funny how these perfect looking trades just fizzle out??? Its so difficult to know whether you've caught a good one or not isn't it????
Feel the Fear and do it anyway!!!
  • #2,594
  • Dec 3, 2014 3:11pm Dec 3, 2014 3:11pm
Since we trade trends it's easier to spot them on the harenko charts (Really like the name). We don't see the noise from the 1m chart and see a clear picture. Maybe we don't get in as much trades as with the normal candle bar but I think it's safier.

Is it possible to add some other pairs in the TTindy?
  • #2,595
  • Dec 3, 2014 3:48pm Dec 3, 2014 3:48pm
Quoting GodFire
Since we trade trends it's easier to spot them on the harenko charts (Really like the name). We don't see the noise from the 1m chart and see a clear picture. Maybe we don't get in as much trades as with the normal candle bar but I think it's safier. Is it possible to add some other pairs in the TTindy?

Hi Godfire

Yep agreed good point about trading the trends, these Harenko chartssure do show the trends up beautifully fior sure, but we still gotta catch em!!!

Look at these two charts from today they were both runners and yet I hardly traded them, whats that all about??? I even mentioned the EUR weakness this morning and EURAUD was top of the 1 min TTindy in an earlier post http://www.forexfactory.com/showthre...26#post7915726 but I took EURJPY instead of this lovely EURAUD run...

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Look at the CCI qualifiers alone.... 150 pips and I didn't get one of them, we gotta work out a way of catching these runs...

How about this GBPJPY runner of 190 pips???

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And again just after the news I went to GBPJPY as it was moving into the top trenders top 4 asee post http://www.forexfactory.com/showthre...31#post7915931 but again I didn't follow through...Its so difficult to know how we're gonna catch these Goddam runners....

Food for thought

So to answer your question about adding other pairs , well we might be able to but to be honest we're struggling to catch one of 28 so how much more difficult you wanna make it????

Don't forget all the TTindy does is measure the slope of the 100lwma so just eyeball the pair you're interested in and when its 100lwma is sloping nicely look for entries on your Harenko chart...

Ok go on tell me what pair you're thinking of????
Feel the Fear and do it anyway!!!
  • #2,596
  • Dec 3, 2014 5:10pm Dec 3, 2014 5:10pm
Managed to catch a couple of runs. On EJ there was a nice PB right back to the kijun, shortly after breaking the cloud and I entered, but it went further up close to my stop (red line). When it all came down it was just trailing the outside of the cloud, standard stuff...
The rest of the trades were just experiments, should have stopped after the second trade.

Attached Image (click to enlarge)
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Came in late after jogging, saw the NU trending nicely, PB and bounce off the kijun (what else...) - good entry. The best entry though would have been some 10 pips earlier, after the first kumo breakout and PB. That type of location seems to be the best for stepping in early: consolidation (NU did that for about one hour) - breaking the cloud - pull back to kijun/lwma and all close together. And then, collecting those poor little orphans down the road of course.

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  • #2,597
  • Dec 3, 2014 6:02pm Dec 3, 2014 6:02pm
Quoting Go5
Managed to catch a couple of runs. On EJ there was a nice PB right back to the kijun, shortly after breaking the cloud and I entered, but it went further up close to my stop (red line). When it all came down it was just trailing the outside of the cloud, standard stuff... The rest of the trades were just experiments, should have stopped after the second trade. {image} Came in late after jogging, saw the NU trending nicely, PB and bounce off the kijun (what else...) - good entry. The best entry though would have been some 10 pips earlier, after the...
Nice going did you end up 37.1 pips up as your charts are showing?? If so well done,you seem to have a complete grasp of the strategy. The only thing I can say is to just steady down a bit, beware of over trading.. I found that just bacause I was trading the 1 min charts I thought I should be entering evry 5 minutes but of course thats wrong.. Try to remember what the strategy is based on and thats following the money as it comes to the table. My best days are when something like GBPJPY or GBPAUD or EURJPY are going one way only then just jump on the very best setups . Wait for CCI pullbacks very important to be buying wave bottoms, CCI below -100 in uptrends and selling wave tops +100 CCI levels in downtrends...

Try to buy as close to 100lwma as possible and only take CCI signals that come back to a key level... Break and retest of key levels are great entries in a strong trender...

But you know all that just reminding myself again...
Feel the Fear and do it anyway!!!
  • #2,598
  • Dec 4, 2014 1:53am Dec 4, 2014 1:53am
very bad start to the day ...
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  • #2,599
  • Edited 2:12am Dec 4, 2014 2:02am | Edited 2:12am
It happens but one thing I noticed your FO and LO settings are wrong, its LO right now its 8 o clock here in London right now... You're need to set JF trading times to match your broker times something like LO=10:00hrs FO=09:00hrs and NYO=15:00hrs ...
Feel the Fear and do it anyway!!!
  • #2,600
  • Dec 4, 2014 2:18am Dec 4, 2014 2:18am
First trades a loser tried to sell that break and retest of that 1.46922 level but no go gave up 10 pips , can see now its taking support off of Daily Pivot . Hate having a loser first trade so gonna sit back a bit and wait for some strength/weakness across a currency to develop. Thats the problem with trying to get in too early you see things that aren't there , even though the TTindy can bring you in a bit late sometimes probably best at this time of morning to trade by it and just follow the money....
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Feel the Fear and do it anyway!!!
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