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  • #1,241
  • Mar 6, 2015 7:15am Mar 6, 2015 7:15am
got a UJ CT trade before NFP, move SL to BE, could have a gamble on the news
Attached Image
patience is a virtue
  • #1,242
  • Mar 6, 2015 7:47am Mar 6, 2015 7:47am
Quoting blueseahorse
got a UJ CT trade before NFP, move SL to BE, could have a gamble on the news {image}
stopped me out at BE by news spike
patience is a virtue
  • #1,243
  • Mar 6, 2015 7:59am Mar 6, 2015 7:59am
-10 pips loss trade on EU after NFP:
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patience is a virtue
  • #1,244
  • Mar 6, 2015 9:05am Mar 6, 2015 9:05am
This is what happens in Forex. My pending sell order for the NFP was left high and dry as price plummeted 100 pips in 1 minute. The same order on my futures platform was filled and money was made.

Extremely Disgusted from Cordoba.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Pending sell NFP 060315.png Size: 45 KB
Cut your Losers short and let your Winners run.
  • #1,245
  • Edited 2:20pm Mar 6, 2015 2:07pm | Edited 2:20pm
Quoting dee50
{quote} Thanks for the info Clive, I have to admit I am not altogether sure how to asses the information, mainly because at the moment I don't have any to assess. It may be that this sort of analysis would just over complicate what is essentially a simple process of for example, "2 at the top, 5 min over 50, 1min over 30, open a chart and have a look". Does it need to get more involved than that, probably not, but I am going to invest a little time "Just In Case" there might be some thing that helps. Apart from that I am a bit of a Nerd so I will...
I know exactly what you mean, I don't think we should over complicate trading this system. Price can either go up or down, I don't mind too much the value of the trend but as you say 30+ good for 1 min and 50+ good for 5 min and look to trade top 3 pairs..

Lets keep it simple, top of the TTindy and 30+ quite simply means this pair is moving stronger than any other so look to buy dips in an uptrend or sell peaks in a down trend. Quite simple. Select your favourite indy in my case CCI then trade the overbought/sold signals. Only other way is to use your Harenko charts... But thats it , don't start messing about with number crunching etc, far too complicated.

If somethings moving down strongly open up the chart and use your price action reading skills to enter with the trend.... Pure and simple...

I'm gonna give your Harenkos another go as look amazing when combined with the TTindy to give you the pair to trade, the 100lwma to give you your trend and the CCI for entry...Just look how good that CCI signal is I've marked its a leading indicator and gives you about an hour warning price is about to turn down.

Makes complete sense to use Harenko because I'm only interested in up or down not when??? Up or down??? Thats all we have to decide....

Look at this EURAUD chart from this morning, I'm sure EUR was weak this morning and EURAUD was top of TTindy...Went down over 200 pips with about 5 or 6 quality CCI entries, never mind just selling every time candle colour turns from green to red like Jaquemates original idea..

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM2.png Size: 77 KB


How about entering on every CCI overbought signal and holding until 100lwma changes colour??
Feel the Fear and do it anyway!!!
  • #1,246
  • Mar 6, 2015 2:58pm Mar 6, 2015 2:58pm
Another great chart to trade just after NFP , the earlier signals are far too fast to trade just whipsaws, but the last two buy signals on the right were easily tradeable especially as the CCI leads you into the trade waiting for the first green candle back with the trend (100lwma)

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM2.png Size: 73 KB


I've tried to trade Hirenkos a few times before but struggled to make the transition from normal candles but this time I'm gonna stick it out...

Any tips on how to trade it in real time???
Feel the Fear and do it anyway!!!
  • #1,247
  • Mar 7, 2015 3:56am Mar 7, 2015 3:56am
Just a thought....we see strength in ttingy

how can we see weakness...maybe like a pair about to change direction??
  • #1,248
  • Mar 7, 2015 4:54am Mar 7, 2015 4:54am
Quoting clivepackham
Another great chart to trade just after NFP , the earlier signals are far too fast to trade just whipsaws, but the last two buy signals on the right were easily tradeable especially as the CCI leads you into the trade waiting for the first green candle back with the trend (100lwma) {image} I've tried to trade Hirenkos a few times before but struggled to make the transition from normal candles but this time I'm gonna stick it out... Any tips on how to trade it in real time???
Not sure I understand the question but, here is a visual clue to entry points provided by Harenkos, it differs in shape according to the Renko EA used and probably the broker, but it is on every Harenko chart. It also shows up on standard Renkos with wicks (clue) it is evident on your chart it just takes on a different shape. What astounds me is that I have "never" seen it mentioned on any Renko thread, even going back years and yet it is as clear as day. "Not seeing the wood for the trees" springs to mind.
Attached Image (click to enlarge)
Click to Enlarge Name: Harenko Reversal Signal.png Size: 72 KB
Cut your Losers short and let your Winners run.
  • #1,249
  • Mar 7, 2015 5:15am Mar 7, 2015 5:15am
Quoting devontrader
Just a thought....we see strength in ttingy how can we see weakness...maybe like a pair about to change direction??
Stating the obvious. The 1min leads the 5min. look at the attached.
EURJPY 5min. 64 red. strong HTF Trend, 1min. 3 red. weak trend. Possible reversal. If 1min turns green open chart.
USDJPY. 5min. 16 red. Flat HTF. 1min. 8 green. open chart, what do you see?
Do this a few times and it will not take long to see the pattern.
Attached Image
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM5 reversal.png Size: 30 KB
Click to Enlarge Name: USDJPYM5reversal.png Size: 27 KB
Cut your Losers short and let your Winners run.
  • #1,250
  • Mar 7, 2015 7:27am Mar 7, 2015 7:27am
Quoting dee50
{quote} Stating the obvious. The 1min leads the 5min. look at the attached. EURJPY 5min. 64 red. strong HTF Trend, 1min. 3 red. weak trend. Possible reversal. If 1min turns green open chart. USDJPY. 5min. 16 red. Flat HTF. 1min. 8 green. open chart, what do you see? Do this a few times and it will not take long to see the pattern. {image} {image} {image}
good points dee50 thankyou..yes i do see what you mean.question to all regarding this.....could this be made into an alarm feature or A seperate indicator to alert of possible trend change?I would have a go my self by i know nothing about coding etc
  • #1,251
  • Mar 7, 2015 7:34am Mar 7, 2015 7:34am
Quoting dee50
{quote} Not sure I understand the question but, here is a visual clue to entry points provided by Harenkos, it differs in shape according to the Renko EA used and probably the broker, but it is on every Harenko chart. It also shows up on standard Renkos with wicks (clue) it is evident on your chart it just takes on a different shape. What astounds me is that I have "never" seen it mentioned on any Renko thread, even going back years and yet it is as clear as day. "Not seeing the wood for the trees" springs to mind. {image}
nice insight

for the record,
I'm trying to combine the signals of TTindiy with csm on medium to long to get an overview. yesterday (before the news) gave pretty little good results (post 1239), but it was easy, we know that euro is weak. (but here you go a little off topic).
continuing my experiments, it is fun.
I understand the speech of clive, why go and complicate your life?
mah .. really do not know, but there is a sadistic fun.
however seen and explained as well as by clive and dee, I think that there is nothing more understandable.
nescentia necat
  • #1,252
  • Mar 7, 2015 12:46pm Mar 7, 2015 12:46pm
Quoting dee50
{quote} Stating the obvious. The 1min leads the 5min. look at the attached. EURJPY 5min. 64 red. strong HTF Trend, 1min. 3 red. weak trend. Possible reversal. If 1min turns green open chart. USDJPY. 5min. 16 red. Flat HTF. 1min. 8 green. open chart, what do you see? Do this a few times and it will not take long to see the pattern. {image} {image} {image}
Hi Dee50

Wow great spot on those Harenko charts, PIN BARS!!!! marks the entries even before the candle changes colour. I assume thats what you're talking about????

As for your other post are you referring to when the 1 min and 5 min give opposite signals??? If so couldn't agree more, one of my favourite setups is when a pair has been trending strongly on the 5 min so its green and top of the 5 min TTindy having moved maybe a 100pips then it appears in the 1 min TTindy but red, great signal, think about whats happened there. price has gone up 100pips, every chance according to Fibonacci that its going to retrace 70% of that move up. Or if the move up was an hourly retrace against the trend, maybe its gonna go 1.61 fibonacci the other way???

Anyway point is yes a very good signal when you get a pair top of TTindy on 5 and 1 min but opposite colours...
Feel the Fear and do it anyway!!!
  • #1,253
  • Mar 7, 2015 12:50pm Mar 7, 2015 12:50pm
Quoting devontrader
{quote} good points dee50 thankyou..yes i do see what you mean.question to all regarding this.....could this be made into an alarm feature or A seperate indicator to alert of possible trend change?I would have a go my self by i know nothing about coding etc

Hi Jason

I'm all for alarms and indicators to help us but sometimes we just need to use the best indicators that mother nature gave us, our eyes....:nerd:
Feel the Fear and do it anyway!!!
  • #1,254
  • Mar 7, 2015 12:57pm Mar 7, 2015 12:57pm
Hi all,

Interestin thread. This is my first reunion with renko for a long time. Had some fun using 50pip bricks to catch quite some big trends.. Instead of using alert for renko bars, could we not just use heiken ashi with alerts?? there is a lot of them floating on the net.
MY SITTING, NEVER MY THINKING!
  • #1,255
  • Mar 7, 2015 12:59pm Mar 7, 2015 12:59pm
Quoting clivepackham
{quote} Hi Jason I'm all for alarms and indicators to help us but sometimes we just need to use the best indicators that mother nature gave us, our eyes....:nerd:
sorry clive....im blind
  • #1,256
  • Mar 7, 2015 1:00pm Mar 7, 2015 1:00pm
Quoting merrygold
Hi all, Interestin thread. This is my first reunion with renko for a long time. Had some fun using 50pip bricks to catch quite some big trends.. Instead of using alert for renko bars, could we not just use heiken ashi with alerts?? there is a lot of them floating on the net.
50 pip renko bricks? You must have had a huge drawdown..before profit
  • #1,257
  • Mar 8, 2015 5:32am Mar 8, 2015 5:32am
Quoting devontrader
{quote} 50 pip renko bricks? You must have had a huge drawdown..before profit
Some DD, but thats okay, the win rate is very good.

I trade tms for quite som time, and still trade the system. This is 50pip bricks, and tms.

Entry is on the red line, NOT after.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m2-hf-markets-europe.png Size: 91 KB
MY SITTING, NEVER MY THINKING!
  • #1,258
  • Mar 8, 2015 2:26pm Mar 8, 2015 2:26pm
Hello all,

I got to say that this is very interesting thread and really looks like that more simple is impossible, but to backtest this strategy is more than impossible. I have tried to backrest this strategy with no luck at all. I have problem to add Renko in visual chart. Let see when market open if I can test it in demo.
  • #1,259
  • Mar 8, 2015 3:27pm Mar 8, 2015 3:27pm
Quoting dee50
{quote} Not sure I understand the question but, here is a visual clue to entry points provided by Harenkos, it differs in shape according to the Renko EA used and probably the broker, but it is on every Harenko chart. It also shows up on standard Renkos with wicks (clue) it is evident on your chart it just takes on a different shape. What astounds me is that I have "never" seen it mentioned on any Renko thread, even going back years and yet it is as clear as day. "Not seeing the wood for the trees" springs to mind. {image}
If I understood what you just shown it was actually mentioned in this thread - http://www.forexfactory.com/showthread.php?t=464228
Use axe Luke...
  • #1,260
  • Mar 9, 2015 6:40am Mar 9, 2015 6:40am
Quoting Krystyn
{quote} If I understood what you just shown it was actually mentioned in this thread - http://www.forexfactory.com/showthread.php?t=464228
Good link. Well spotted. I looked at this a while ago but when he said Elliott waves I switched off.
Cut your Losers short and let your Winners run.
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