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Extreme analysis system (Renko charts + Candlestick charts)

  • #21
  • Mar 12, 2015 3:45am Mar 12, 2015 3:45am
Quoting hamdysalah
short on EURUSD nowwwwwwwwwww {image} {image}

Could you post the Pivot indie,pls?
Attached Image
Let it turn and find your entry.
  • #22
  • Mar 12, 2015 3:48am Mar 12, 2015 3:48am
Quoting fx-girl
I have an indicator you might be interested in that shows multiple time frame moving averages on a single chart... Another question... do I understand that you trade only once per day?
I'm sure he takes many trades per day.

Pls share your multiple moving average indicator.
Let it turn and find your entry.
  • #23
  • Mar 12, 2015 3:59am Mar 12, 2015 3:59am
Quoting hamdysalah
thanks Motfund for your advice but if you want to use less indicators it is ok butwhat is the problem with setting them up on the chart it takes only a second for me to analyse them you just need time to get used to them , about the indi's you shared thanks again and could you explain more about their tool and the ideal inputs please to share it with all the people viewing this thread......
Actually there is no ideal input in money management tools. You decide, based on your risk calculations, the righ parameters for you.
Have a look to this pdf attached which was provided as a quick guide with the THV cave manager....
For the other one (the equityguard) provided, please refer to the link. It is quite straight to the point.
Good luck
Attached File(s)
File Type: pdf THV CaveManager EA v1.41(1).pdf   103 KB | 1,524 downloads
  • #24
  • Edited 1:12pm Mar 12, 2015 8:09am | Edited 1:12pm
Here you go intrepid and by the way i don't have multiple MA indi i set it up my self.... Read the 1st post
Attached File(s)
File Type: ex4 Forexometry.ex4   8 KB | 615 downloads
Your perception dictates your behaviour
  • #25
  • Mar 12, 2015 8:19am Mar 12, 2015 8:19am
and here is a very useful indi it is the DODA DONCHIAN sell only below middle line and buy above it ,if the doda is on the PA so that tells you that the main trend is breathing look at the image below...
Attached Image
Attached File(s)
File Type: ex4 Doda-Donchian.ex4   5 KB | 632 downloads
Your perception dictates your behaviour
  • #26
  • Edited 1:13pm Mar 12, 2015 8:21am | Edited 1:13pm
Thanks MOTFUND for the Manual....hope you find more good ideas to make this system more profitable and secured .....
Your perception dictates your behaviour
  • #27
  • Mar 12, 2015 8:28am Mar 12, 2015 8:28am
Just gone short on GBPJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 51 KB
Click to Enlarge Name: GBPJPYM2.png Size: 70 KB
Your perception dictates your behaviour
  • #28
  • Mar 12, 2015 8:32am Mar 12, 2015 8:32am
and short for GBPJPY too
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 51 KB
Click to Enlarge Name: GBPJPYM2.png Size: 70 KB
Your perception dictates your behaviour
  • #29
  • Edited 9:08am Mar 12, 2015 8:38am | Edited 9:08am
i got a short signal on Gold but i wouldn't take it because of the Pivot line it is risky...look at the image
Attached Image
Your perception dictates your behaviour
  • #30
  • Mar 12, 2015 8:46am Mar 12, 2015 8:46am
short on GBPUSD too as you can see i entered after the PA crossed the PIVOT ,as you can see i entered today short on EURJPY GBPJPY GBPUSD that is the day for may no over trading please.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 45 KB
Click to Enlarge Name: GBPUSDM2.png Size: 69 KB
Your perception dictates your behaviour
  • #31
  • Edited 1:42pm Mar 12, 2015 8:53am | Edited 1:42pm
USDCAD changed direction today so trade short only....just wait for the right signal on renko.. and put in mind that the direction matches gann hilo H4 only not D1 so it is little bit risky ,wait for the day gann hilo to match with H4 and enter when Renko gives the signal please concentrate on this very much it is the main idea of the system...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 34 KB
Your perception dictates your behaviour
  • #32
  • Mar 12, 2015 9:17am Mar 12, 2015 9:17am
Sl is above the DODA middle line for short and below it for long that is the beauty of renko tight SL if you were taking your SL on H1 time frame it would be more than 50 pips..but actually more than 90% of the time you dont need to use it but this 10% could kill your equity so SL is compulsory ....
Your perception dictates your behaviour
  • #33
  • Edited 10:01am Mar 12, 2015 9:22am | Edited 10:01am
two of my entries are in my favor i just have to wait a little for the 3rd.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 47 KB
Your perception dictates your behaviour
  • #34
  • Mar 12, 2015 10:02am Mar 12, 2015 10:02am
Hamdy,

From what you've posted so far, I'm impressed. There's a lot going on with this analysis technique but it looks promising.

Are all of your trades and analysis on H1 charts or do you peek at HTF?
Have you analyzed on 4H or D1 for entries?

I'm asking because I'm looking for a reliable tool set that for D1 trading and minimal draw down. I'm not sure if that's possible but I'm interested in any thoughts on that issue. Best of luck in your trading.

Thanks!
  • #35
  • Mar 12, 2015 10:16am Mar 12, 2015 10:16am
Hello Rippen ,

yes i rely on higher time frames ,as you can see on both Renko temp and Jc temp there is Gann Hilo indi for H4 and D1 ,both of them have to be on the same direction to avoid choppy market plus the magical indi (doda) ...thanks for asking and feel free to ask anytime
Your perception dictates your behaviour
  • #36
  • Mar 12, 2015 10:35am Mar 12, 2015 10:35am
got stopped out on EURJPY -15 PIPS AND BOTH GBPUSD AND GBPJPY still running
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM2.png Size: 60 KB
Click to Enlarge Name: GBPUSDM2.png Size: 60 KB
Your perception dictates your behaviour
  • #37
  • Mar 12, 2015 10:36am Mar 12, 2015 10:36am
follow the doda with trailing stop
Your perception dictates your behaviour
  • #38
  • Edited 1:16pm Mar 12, 2015 10:45am | Edited 1:16pm
Time to sell Gold PA crossed the Pivot line
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDH1.png Size: 39 KB
Click to Enlarge Name: GOLDM2.png Size: 60 KB
Your perception dictates your behaviour
  • #39
  • Mar 12, 2015 10:55am Mar 12, 2015 10:55am
Gold now and both other trades still running
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 158 KB
Your perception dictates your behaviour
  • #40
  • Mar 12, 2015 11:46am Mar 12, 2015 11:46am
Gbpusd and gbpjpy hit the target 66+40= 106 pips and gold still running 30 pips til now
Your perception dictates your behaviour
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