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  • #661
  • Jan 15, 2015 11:59pm Jan 15, 2015 11:59pm
Quoting dee50
EU +2+2+50+2+53+15. There was more on the table, but I do not subscribe to gluttony. Yes I know there was a dbl btm with div before my first entry, but I was looking only for a short. Hope you all had a look at the videos, saves me having to explain every thing. {image}
Hi Dee,

Thanks so much for posting your chart, so you only enter when there's divergence?
what do you mean by dbl btm?
  • #662
  • Jan 16, 2015 12:18am Jan 16, 2015 12:18am
Quoting iak
{quote} {file}
Thx for sharing

the renko chart loads and comes up fine but does not update....any thoughts??/

If there is a way to screw up a download i can find it.....its a gift
  • #663
  • Jan 16, 2015 3:07am Jan 16, 2015 3:07am
Quoting stanvy
{quote} Hi Dee, Thanks so much for posting your chart, so you only enter when there's divergence? what do you mean by dbl btm?
dbl btm = double bottom ...I think?
and if I may ask BRN ... what means on your charts ?
  • #664
  • Jan 16, 2015 3:25am Jan 16, 2015 3:25am
Quoting Aeb82
{quote} dbl btm = double bottom ...I think? and if I may ask BRN ... what means on your charts ?
BRN - Big round number
  • #665
  • Jan 16, 2015 10:09am Jan 16, 2015 10:09am
I did not trade today and for good reason. Yesterday I was one of the lucky ones. I was short the EU as per normal trading, when all hell broke loose. I immediately closed my Forex trade anticipating problems with server and data feed but I continued with my Futures trade, so the attached chart looks different.

2nd trade was a cock up, I was so hyped after my first trade that I tried to be clever and anticipate the market, as you can see the end result was that I took some heat, not some thing that I am used to, the pullback and bounce off the trend line convinced me to stay in, and as you can see it worked out, but it could have gone the other way!! the 3rd trade was way more sensible, Divergence at Confluence of BRN, S&R and descending Trend Line.
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-15 (10 BetterRenko) 15_01_2015.jpg Size: 116 KB
Cut your Losers short and let your Winners run.
  • #666
  • Jan 16, 2015 3:50pm Jan 16, 2015 3:50pm
Quoting dee50
I did not trade today and for good reason. Yesterday I was one of the lucky ones. I was short the EU as per normal trading, when all hell broke loose. I immediately closed my Forex trade anticipating problems with server and data feed but I continued with my Futures trade, so the attached chart looks different. 2nd trade was a cock up, I was so hyped after my first trade that I tried to be clever and anticipate the market, as you can see the end result was that I took some heat, not some thing that I am used to, the pullback and bounce off the trend...

thanks dee for your explaination, do you mind to share the betterrenko ea you're using?
  • #667
  • Jan 16, 2015 8:18pm Jan 16, 2015 8:18pm
Quoting stanvy
{quote} thanks dee for your explaination, do you mind to share the betterrenko ea you're using?
it is ninjatrader not metatrader
it's o'k to win ...
  • #668
  • Jan 16, 2015 10:27pm Jan 16, 2015 10:27pm
thanks Jaquemate for sharing this method, this is really an eye opener for me especially on renko chart, this is really simple method that can make you a decent living if you master it, so much thanks to dee, clive and all senior here who share your chart and indi, it seems like i did not manage to get 100 pips for quite sometimes, but i manage to get it yesterday with EU and GJ entry with this method!!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 76 KB
  • #669
  • Jan 16, 2015 11:12pm Jan 16, 2015 11:12pm
I use High leverage to protect my money not put it at risk. The events of last friday have driven this idea home. Here`s how i look at it.

Say you have $10,000 to trade with and only want to risk %2.5 per trade. Open a $1000 dollar account and trade at 400:1 or 2.5 lots per thousand and trade with a 10 pip SL or hedge plan. Park the other $9k in an institution that is not exposed to the kind of robbery the Swiss pulled off on Friday. Win or lose you keep the 2 accounts balanced at 10 to 1. If you were on the wrong side of the mess on Friday you only lost 10%.

I know people will chime in and say they trade in the US and can only leverage at 50 to 1 or they run 50 pip stops etc. The method works best for scalping but honestly if i had a 7 figure account and was trading long term positions Friday`s madness would scare me to death. I like scalping because my exposure to the market is minimal in terms of time.

This will happen again[Swiss BS] sometime soon somewhere else. Volatility will increase and and with it profit potential......just stay as safe as you can....
  • #670
  • Jan 17, 2015 3:55am Jan 17, 2015 3:55am
Quoting stanvy
{quote} thanks dee for your explanation, do you mind to share the betterrenko ea you're using?
I am assuming that you know that "BetterRenko" is a Ninjatrader Indicator and that NT is a Futures Trading Platform.

Here it is.
Attached File(s)
File Type: zip BetterRenkoBarsTypeV2.zip   2 KB | 665 downloads
Cut your Losers short and let your Winners run.
  • #671
  • Jan 17, 2015 4:02am Jan 17, 2015 4:02am
Quoting stanvy
thanks Jaquemate for sharing this method, this is really an eye opener for me especially on renko chart, this is really simple method that can make you a decent living if you master it, so much thanks to dee, clive and all senior here who share your chart and indi, it seems like i did not manage to get 100 pips for quite sometimes, but i manage to get it yesterday with EU and GJ entry with this method!! {image} {image}
Congrats on your pips. Good to see someone using and marking their S&R zones (Supply & Demand) these are the key to making bigger profits.
Cut your Losers short and let your Winners run.
  • #672
  • Jan 17, 2015 4:18am Jan 17, 2015 4:18am
Quoting dee50
{quote} Congrats on your pips. Good to see someone using and marking their S&R zones (Supply & Demand) these are the key to making bigger profits.
dee50 which do you find easier to trade this method..metatrader or.ninjatrader?Im a lover of ninjatrader but cant.put the same indicators.onto ninja as mt4...eg all average 3.2
  • #673
  • Jan 17, 2015 6:30am Jan 17, 2015 6:30am
Quoting devontrader
{quote} dee50 which do you find easier to trade this method..metatrader or.ninjatrader?Im a lover of ninjatrader but cant.put the same indicators.onto ninja as mt4...eg all average 3.2
I much prefer Ninjatrader, much easier to place orders with the Super Dom, Trade Management is inbuilt, slippage is minimal even during news time, no broker manipulation, no spread etc etc. Liquidity has never been a problem, not even in the early days, even the micro instruments have improved. Have look here
http://www.cmegroup.com/market-data/...fx-volume.html

I use this one for my MAs. It is an All in One indicator, it will run multi MAs each a different type if that is what you want. (Again for any one looking, this is a Ninjatrader Indicator it will not work in MT4)
Attached File(s)
File Type: zip MAPackage.zip   53 KB | 589 downloads
Cut your Losers short and let your Winners run.
  • #674
  • Jan 17, 2015 8:44am Jan 17, 2015 8:44am
Quoting dee50
{quote} I much prefer Ninjatrader... {file}
Me too what Renko have you settled on, have tried 4 - cant decide.
No need for HA with BetterRenko tho.

Cheers

Alan
  • #675
  • Jan 18, 2015 4:33am Jan 18, 2015 4:33am
What do U think about this trader and his method ? He doesnt use SL he prefers to Hedge position
Inserted Video

He also claims in other of his video that he earned 7mln USD in 4,5 years.

and question to Dee50 ... do U use the same method "EURUSD" to "Futures" ? or there are other sets of your indicators ?
I ask because I trade NASDAQ100 futures.
  • #676
  • Jan 18, 2015 4:38am Jan 18, 2015 4:38am
Quoting dee50
{quote} I much prefer Ninjatrader, much easier to place orders with the Super Dom, Trade Management is inbuilt, slippage is minimal even during news time, no broker manipulation, no spread etc etc. Liquidity has never been a problem, not even in the early days, even the micro instruments have improved. Have look here http://www.cmegroup.com/market-data/...fx-volume.html I use this one for my MAs. It is an All in One indicator,...
dee i woukd love to set these charts up in ninjatrader as well as mt4.if your able to share all indicators and template for ninjatrader i would really really apreciate it...big time
  • #677
  • Jan 18, 2015 6:59am Jan 18, 2015 6:59am
Quoting Aeb82
What do U think about this trader and his method ? He doesnt use SL he prefers to Hedge position https://www.youtube.com/watch?v=FyAeujRwLxM He also claims in other of his video that he earned 7mln USD in 4,5 years. and question to Dee50 ... do U use the same method "EURUSD" to "Futures" ? or there are other sets of your indicators ? I ask because I trade NASDAQ100 futures.
I was looking at that video two days ago, its very interesting.. I would do it only if I had a large account or small account that I didn't care about ... I doubt Dee trades like that.. Dee told me he does take losers once in awhile..
  • #678
  • Edited 10:12am Jan 18, 2015 9:54am | Edited 10:12am
Quoting Aeb82
What do U think about this trader and his method ? He doesnt use SL he prefers to Hedge position https://www.youtube.com/watch?v=FyAeujRwLxM He also claims in other of his video that he earned 7mln USD in 4,5 years. and question to Dee50 ... do U use the same method "EURUSD" to "Futures" ? or there are other sets of your indicators ? I ask because I trade NASDAQ100 futures.
Here is a similar Trader, no stoploss and hedges. It only really works with a large account.
FX Viper MAMM IC Markets Low Risk System by FXViperTrading | Myfxbook

Scroll down to "Trading Activity" click on "History" look for RED numbers, click on "GBPUSD" in "Symbol" column. Now scroll back up the page and you will see a chart has opened with the trade on it, click on "H4" and more trades will show. Now you can see his trades on a chart, repeat for other pairs.

I trade EU Future equivalent (6E) so I use the exact same method for both, I am referring to the move to B/E. However you will need to back test to see if the same set up will work on another instrument. For instance I sometimes trade the e-mini s&p 500, this is a highly volatile instrument so I trade for a much smaller number of ticks, as typically the ADR is much much smaller, I also use a different B/E strategy.
Cut your Losers short and let your Winners run.
  • #679
  • Jan 18, 2015 10:00am Jan 18, 2015 10:00am
Quoting focusonmoney
{quote} I was looking at that video two days ago, its very interesting.. I would do it only if I had a large account or small account that I didn't care about ... I doubt Dee trades like that.. Dee told me he does take losers once in awhile..
You are absolutely right. I would never ever trade without a "Hard" Stoploss, and yes occasionally I do have losers, usually if I have been careless with my entry but it does not happen very often.
Cut your Losers short and let your Winners run.
  • #680
  • Jan 18, 2015 12:44pm Jan 18, 2015 12:44pm
Quoting dee50
{quote} Here is a similar Trader, no stoploss and hedges. It only really works with a large account. FX Viper MAMM IC Markets Low Risk System by FXViperTrading | Myfxbook Scroll down to "Trading Activity" click on "History" look for RED numbers, click on "GBPUSD" in "Symbol" column.
THANK YOU DEE50
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