Extreme analysis system (Renko charts + Candlestick charts)

Quoting zirzovat

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{quote} as i see your Sl is about 45 pips. right?

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Quoting hamdysalah

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{quote} 30 pips and it depends on the situation ... read manual 1

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Quoting hamdysalah

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Hello Guys i wish to know if there is anything wrong while you are using this system and wish you can leave more comments to make this system the best for people and i am developing a method which we are not going to use JC charts again so what do you think of that ? please leave your opinion? good luck and have a wonderful weekend

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Quoting hamdysalah

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Hello Guys i wish to know if there is anything wrong while you are using this system and wish you can leave more comments to make this system the best for people and i am developing a method which we are not going to use JC charts again so what do you think of that ? please leave your opinion? good luck and have a wonderful weekend

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Quoting jeffross

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{quote} Hamdy, The system has been good, I have had winners and losers, still testing though. I use JC for those pivot points, R&S lines for SL, TP and whether the price is above the EMAs for a long trade and viceversa for a short trade, GHilo for confirmations ( even though its repainting ). So, are you saying these can be deduced from the renko charts? or these aren't necessary when making the trade? One observation, I'm not sure if it's supposed to be that way, the DDS dots seems to be lagging. When the setup looks great on JC, for example a...

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Quoting HitTheBid

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{quote} Following this system, using discipline to adhere to the rules and employing some basic market knowledge.... provides for profitable trading

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Quoting hamdysalah

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{quote} yes you are right but i will add things to renko before i stop using JC it will be new TPL and i will test it first of course,and if you had losers trades why didn't you share them to discuss them here that's the point of this thread..

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Quoting jeffross

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{quote} I've only posted entries, I'll try to post the losers from now on. Thanks.

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Quoting jeffross

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Long on USD/JPY, CAD/JPY ( a bit risky as I've taken it just beneath the Resistance line, took because rest of the conditions are met ) {image}{image}{image}{image}

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Quoting hamdysalah

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{quote} these are 50 50 entries the MACD came from downwards to upwards so the uptrend is still forming wait till it is already up for long and already down for short (MACD) and you will lose 10% of your trades only....

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Quoting jeffross

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{quote} Okay, I took it because it's above 0, so you mean, for safer entries it's better to avoid the ones crossing from below to above 0? If we have to take the entries after MACD is already up or down, it means we are taking positions after retracements right? Between, USD/JPY would give me a loss, because price did not go to R2, there was a spike to just below R2 but did not reach it. I have not exited but if I had a stop loss it would have hit at pivot. {image}

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Quoting jeffross

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{quote} okay, i took it because it's above 0, so you mean, for safer entries it's better to avoid the ones crossing from below to above 0? If we have to take the entries after macd is already up or down, it means we are taking positions after retracements right? Between, usd/jpy would give me a loss, because price did not go to r2, there was a spike to just below r2 but did not reach it. I have not exited but if i had a stop loss it would have hit at pivot. {image}

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Quoting hamdysalah

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{quote} yes that what i meant and for USDJPY SHOW ME RENKO TPL

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Quoting hamdysalah

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Total profit 84 pips {image} {image}

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