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  • #1,281
  • Mar 10, 2015 7:38am Mar 10, 2015 7:38am
Quoting Ian
{quote} Thanks Dee for continued reminders. Closed out a bit early at the 141.8% ext confluenced with the 50 level but could have got a few more. Still working my way through this thread thanks to all contributors.. {image} {image}
Don't worry about leaving pips on the table, the main thing is to get enough of the action to feed the family. I posted the information on tendencies on the other thread because they all seemed to be having such a hard time staying in the trades and having a target provides focus and purpose.
Here I would suggest that you target the 161% and the 200% but look for confluence in those areas to identify the most likely TP.
Cut your Losers short and let your Winners run.
  • #1,282
  • Mar 10, 2015 7:43am Mar 10, 2015 7:43am
Quoting aud
{quote} Some days they just keep coming hey Clive. {image} I was hopping someone would answer your question, from the view point of how to trade it in real time - when the chart is not in real time. ie when set up on a H1 chart, you only need to check back each hour.
If you can not trade with out "Time" then don't, check the chart every hour if you want, it has no effect on what price is doing, if price has not moved on a 5 min chart it also has not moved on a 3 pip Renko.

There is no pat answer to trading none time based charts. Use alerts. use time.
Cut your Losers short and let your Winners run.
  • #1,283
  • Mar 10, 2015 8:06am Mar 10, 2015 8:06am
Quoting Vantage
{quote} Importers/exporters, capital flows that have to happen and banks getting what they hope to be the best prices for client on the day. Example you have to do a eur trade and worried it will go lower and worse for you so you'd definitely bite the bullet.
That is my point, why would anyone be buying euros, I get the import export and capital flows but at the moment the selling is grossly disproportionate.

The every day transactions continue as they always have done, I understand that, but "Normal PA" does not look like the charts as they are and have been for some time now. Also there are simply no "Gaps" in the PA to indicate large commercial transactions have "exhausted" the supply at any point in time.

My point being, If this is a Zero Sum Game as is claimed there has to be an equal number of buyers for the sellers and this across all the currency pairs, I find it hard to believe that in a market with a prediction of "Parity" that anyone with any commercial sense, would be buying euros, not until the market reaches its predicted "Bottom".
Cut your Losers short and let your Winners run.
  • #1,284
  • Mar 10, 2015 8:15am Mar 10, 2015 8:15am
Quoting dee50
EJ +70 +32. 2 separate trades. TTindy signals the trade. EU +70 +51. Trailing stop got hit on my second half TP was way down below at the 200%. What I want to know is, if this is a "Zero Sum Game" when we are all selling who the hell is buying? (zero sum game means for every buyer there is a seller for every seller there is a buyer) {image} {image} {image}
Great, great trades.

In my opinion it is a zero sum game at the "end of the day". When imbalances between supply and demand are present price is falling, looking for buyers and is rising, looking for sellers. If you look at the market from Auction Market Theory point of view, when you try to arrange years and years of price movement into a bell curve it tends towards a normal distribution which results an equilibrium which supports the zero sum idea. If you arrange smaller periods of time into bell curves you will find a lot of skewed distributions. Things tend to even out in time.

Spot the imbalances and you make money; don't spot the imbalances and you will be filling the orders of those who take profit.
  • #1,285
  • Mar 10, 2015 8:21am Mar 10, 2015 8:21am
Quoting quinito7
I just made this trade in usdjpy 20 pips , I've little time practicing the system and time well , although I still lack enduring to get more pips, because close very fast . Thank you very much to Dee and others for their wisdom and hope to contribute with some input and so I will be able to tell if they are well or poorly executed . In this I have waited to 123 and rupture to enter and accompanied by a small divergence. Sorry for my English because I use the translator to write because my language is Spanish {image}
That was not a 123, the number 3 point actually went higher than the number 1 point. BUT, it was a very good Double Top with Divergence at a BRN, a strong reversal signal. Have a look at the attached.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1 100315.png Size: 60 KB
Cut your Losers short and let your Winners run.
  • #1,286
  • Mar 10, 2015 8:46am Mar 10, 2015 8:46am
Quoting dee50
{quote} That was not a 123, the number 3 point actually went higher than the number 1 point. BUT, it was a very good Double Top with Divergence at a BRN, a strong reversal signal. Have a look at the attached. {image}
Dee thank you very much for your clarification and advice given .
  • #1,287
  • Mar 10, 2015 9:22am Mar 10, 2015 9:22am
Just a quick mention about Divergence. Divergence is a "Leading Indicator" in other words it warns you that some thing is likely to happen, not that it will happen. Like any crystal ball it is NOT 100% accurate.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Divergence.png Size: 68 KB
Cut your Losers short and let your Winners run.
  • #1,288
  • Mar 10, 2015 8:09pm Mar 10, 2015 8:09pm
As Jaquemate hasn't been seen around for awhile, please can somebody confirm that his Renko charts are 5 bricks bars based on M5 live charts?
:: everything is awesome ::
  • #1,289
  • Mar 10, 2015 9:09pm Mar 10, 2015 9:09pm
I think others have more recently pushed the case for 5 bricks based on an M1 chart.

I don't know who they get charts that show an M3 or M10 timeframe. (as opposed to reading M2 Offline)
Good Trading
  • #1,290
  • Mar 10, 2015 9:17pm Mar 10, 2015 9:17pm
Quoting aud
I think others have more recently pushed the case for 5 bricks based on an M1 chart. I don't know who they get charts that show an M3 or M10 timeframe. (as opposed to reading M2 Offline)
M3 and M10 are pretty logical naming scheme for renko offline charts with 3 pips bars and 10 pips bars based on M1 live charts.
M10 serving as a HTF (higher time frame) chart. This is introduced by dee50 and I congratulates to him on that.
Well, I am going to compare M10 with 5 pips bricks based on M5 live charts. Will see how would it fare...
:: everything is awesome ::
  • #1,291
  • Mar 10, 2015 11:49pm Mar 10, 2015 11:49pm
I am using a 2 brick renco offline chart with a 10, 100 and 200 ema 2 shift.
Ran it for a while off of the 1 min but lately have been using the 5 min. I find the 5 min price action looks cleaner in that on a runner it stays clear of the 10 ema and there are fewer reversal bricks to make me think of closing the trade.
My question is for the thread members with more renco experience. Am I playing with fire with the 5 minute or??????
  • #1,292
  • Mar 11, 2015 3:18am Mar 11, 2015 3:18am
Quoting dee50
{quote} That is my point, why would anyone be buying euros, I get the import export and capital flows but at the moment the selling is grossly disproportionate. The every day transactions continue as they always have done, I understand that, but "Normal PA" does not look like the charts as they are and have been for some time now. Also there are simply no "Gaps" in the PA to indicate large commercial transactions have "exhausted" the supply at any point in time. My point being, If this is a Zero Sum Game as is claimed there has to be an equal number...
Its not a question of commercial sense there are masses of transactions that HAVE to be settled each and every day whether you like the exchange rate or not. Its one of the reasons why central banks intervene sometimes, the pain just gets too much for your countries exporters jpy and chf just two recent examples.
  • #1,293
  • Mar 11, 2015 3:34am Mar 11, 2015 3:34am
Hey all you active Renko traders here! - Do some of you have a Renko ea with alert when opening a new bar, i could be really nice if you could post it here. As Renko is made by pip, not by time it would make the hole Trading more stressless.


thanks
MY SITTING, NEVER MY THINKING!
  • #1,294
  • Mar 11, 2015 4:43am Mar 11, 2015 4:43am
Quoting Black Fox
{quote} M3 and M10 are pretty logical naming scheme for renko offline charts with 3 pips bars and 10 pips bars based on M1 live charts. M10 serving as a HTF (higher time frame) chart. This is introduced by dee50 and I congratulates to him on that. Well, I am going to compare M10 with 5 pips bricks based on M5 live charts. Will see how would it fare...
dee is painting a lot of extra bars with her method, if you compare her last chart with this one. Just a matter of how you trade it. The explanation at the start of this thread was to use the EA with an offline chart. As you mentioned Jaquemate, I did not realise you were looking for dee's method.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM2 11_3.png Size: 33 KB
Good Trading
  • #1,295
  • Mar 11, 2015 4:48am Mar 11, 2015 4:48am
Hi everyone, just thought to contribute and share my trades for today. 3pip renko on eu. +23, +27 and +30 . Appreciation to all who has kept the thread alive. Was participating at the beginning but had to leave for some work. Wishing everyone green green pips.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 11-3-2015.JPG Size: 173 KB
Let your plan trade for you, not your emotion!!!
  • #1,296
  • Mar 11, 2015 7:30am Mar 11, 2015 7:30am
Quoting Black Fox
As Jaquemate hasn't been seen around for awhile, please can somebody confirm that his Renko charts are 5 bricks bars based on M5 live charts?
Page 1. Post number 5.
Cut your Losers short and let your Winners run.
  • #1,297
  • Edited 8:52am Mar 11, 2015 7:56am | Edited 8:52am
As if there is not enough to worry about, you get fixated on stuff that is so easy to solve.

For the last time, OffLine charts are "NOT" time based charts, M2, M3, etc do not refer to time, they are simply identifiers. I could call my offline charts M100 & M30 the only effect it has is on some of the chart objects.

"OFFLINE_WINDOW_TF
is a unique identification of the targeted offline chart. The accepted format is combination of a letter (M, H, D, W) and a number, any order or letter case. If the letter is omitted, then it defaults to M.
Standard online chart values (e.g. M1, M5, M15, M30, H1, H4, D1 and W1) should be avoided as the indicator ignores them.
If the field is left empty, a simply derived number is assigned by the indicator.
Avoid duplicate values among multiple indicators, only the first indicator will control the offline chart.
Example of accepted syntax: 2 3 M4 6m M61 H3 d2 3w
Hint: Since this number also controls the scale of the unused front part of the chart - same way like the time-framed charts - it is more convenient to select a value, that is close to the average candle duration. Then the objects reaching the future part of the chart (e.g. trendlines, rectangles) will not change their position over time very much."

This information applies to Renko live charts pimped EA only.

Most of the older EAs floating about require the 1min chart as the base chart.
Why don't you all try it and see the difference, create a 5 pip Renko off a 60min chart and a 1min chart, now see the difference, this is why the older EAs are run from a 1min chart.

Notice that the 1 min based chart (M2) has 3 hrs and 52mins less data on it than the 60min (M4) chart.
Attached Image (click to enlarge)
Click to Enlarge Name: spot the difference.png Size: 43 KB
Cut your Losers short and let your Winners run.
  • #1,298
  • Mar 11, 2015 7:58am Mar 11, 2015 7:58am
Quoting aud
{quote} dee is painting a lot of extra bars with her method, if you compare her last chart with this one. Just a matter of how you trade it. The explanation at the start of this thread was to use the EA with an offline chart. As you mentioned Jaquemate, I did not realise you were looking for dee's method. {image}
Dee's is HE not Her, I have a reasonable pair of breasts but that is largely due to age and gravity rather than biology.
Cut your Losers short and let your Winners run.
  • #1,299
  • Mar 11, 2015 8:36am Mar 11, 2015 8:36am
Quoting merrygold
Hey all you active Renko traders here! - Do some of you have a Renko ea with alert when opening a new bar, i could be really nice if you could post it here. As Renko is made by pip, not by time it would make the hole Trading more stressless. thanks
If you had looked in the attachments (paperclip) section at the top of the page, you would have found this.

http://www.forexfactory.com/showthre...14#post7885714

or this.

http://www.forexfactory.com/showthre...44#post7914044
Cut your Losers short and let your Winners run.
  • #1,300
  • Mar 11, 2015 8:42am Mar 11, 2015 8:42am
Quoting dee50
{quote} If you had looked in the attachments (paperclip) section at the top of the page, you would have found this. http://www.forexfactory.com/showthre...14#post7885714 or this. http://www.forexfactory.com/showthre...44#post7914044
Thanks Dee! No good enough of me not doing research proper.
MY SITTING, NEVER MY THINKING!
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