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  • #1,981
  • May 28, 2015 1:16pm May 28, 2015 1:16pm
hi guys, here is todays de30 trades on renko 5
+9, +23, -6, -1, +54, -2, +4, -11
i use this system for about 4 months. and ac ouple of weeks on live account.
i love the ssytem and works great on de30 for me.
i risk a max of 20 points. generally i close positions when opposite HA candle closes.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30M200-1.png Size: 82 KB
  • #1,982
  • May 28, 2015 11:30pm May 28, 2015 11:30pm
Quoting pipking-tr
hi guys, here is todays de30 trades on renko 5 +9, +23, -6, -1, +54, -2, +4, -11 i use this system for about 4 months. and ac ouple of weeks on live account. i love the ssytem and works great on de30 for me. i risk a max of 20 points. generally i close positions when opposite HA candle closes. {image}
in vino veritas!
  • #1,983
  • May 29, 2015 9:44am May 29, 2015 9:44am
just one trade today +20. dax renko 5. very good day for trading, but also very busy @ work.

have a great weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2 29.05.2015.png Size: 87 KB
in vino veritas!
  • #1,984
  • May 29, 2015 10:02am May 29, 2015 10:02am
Hi guys,

I am a Newbie and would appreciate it if you could kindly explain how this Renko System works please?
Thanks.
Regards,
Vincenzo.
  • #1,985
  • May 29, 2015 10:29am May 29, 2015 10:29am
DE30 (Dax) +196. I was not around this morning and when I got back every thing looked like crap, so I thought I would give this DAX thingy a go. I am not sure what I actually got, was it 196 pips (points) or 19.6, all I know it was a lot a lot a lot a Dollars. I had to set the Renko EA on 1000 to get a 10 Renko bar when I first set it to 5 for a 5 pip Renko MT4 froze with fright and I had to Task Manager shut down.

If this is what Dax trading is like I am going to do more of it.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +196 290515.png Size: 56 KB
Cut your Losers short and let your Winners run.
  • #1,986
  • May 29, 2015 10:35am May 29, 2015 10:35am
Quoting coconu
just one trade today +20. dax renko 5. very good day for trading, but also very busy @ work. have a great weekend! {image}
Thanks for introducing me to your friend Dax, I have no idea why I have never looked at it before it actually trades quite nicely or was that just for my benefit as a Dax virgin.
Cut your Losers short and let your Winners run.
  • #1,987
  • May 29, 2015 11:15am May 29, 2015 11:15am
[ pointsquote=dee50;8292371]{quote} Thanks for introducing me to your friend Dax, I have no idea why I have never looked at it before it actually trades quite nicely or was that just for my benefit as a Dax virgin.[/quote]
OMG!!!

196 dax points is like 196 full pips!!! that's great! are you using your new trade manager for it?
in vino veritas!
  • #1,988
  • May 29, 2015 11:16am May 29, 2015 11:16am
Quoting dee50
DE30 (Dax) +196. I was not around this morning and when I got back every thing looked like crap, so I thought I would give this DAX thingy a go. I am not sure what I actually got, was it 196 pips (points) or 19.6, all I know it was a lot a lot a lot a Dollars. I had to set the Renko EA on 1000 to get a 10 Renko bar when I first set it to 5 for a 5 pip Renko MT4 froze with fright and I had to Task Manager shut down. If this is what Dax trading is like I am going to do more of it. {image}


great Dee!!! lucking forward to see more of that!
in vino veritas!
  • #1,989
  • May 29, 2015 11:51am May 29, 2015 11:51am
Quoting coconu
[ pointsquote=dee50;8292371]{quote} Thanks for introducing me to your friend Dax, I have no idea why I have never looked at it before it actually trades quite nicely or was that just for my benefit as a Dax virgin.
OMG!!! 196 dax points is like 196 full pips!!! that's great! are you using your new trade manager for it?[/quote]

I tried 2 trades with the Trade Manager but it opened and closed both trades immediately, I need to work out what to set it at, it is like the old days when 5 digits were first introduced you had to work out that things like 5 needed to be 50 etc. I think because DAX is in thousands i will have to adjust the figures upwards to make things work. I'll let you know.
Cut your Losers short and let your Winners run.
  • #1,990
  • May 29, 2015 12:57pm May 29, 2015 12:57pm
Today E/U moved 140 pips, G/U 139 pips, U/J 94 pips, Aud/Usd 104 pips.
Dax moeved 314 pips almost the same everyday. i like dax because of this big movements.
but sometimes moves very fast and hard to cath .
today was a very good day but unfortunately i was out of the office and cant trade.

today's opportunities here:
some of them negative and most of them positive.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30M200-29-2.png Size: 85 KB
  • #1,991
  • May 29, 2015 1:00pm May 29, 2015 1:00pm
Quoting coconu
just one trade today +20. dax renko 5. very good day for trading, but also very busy @ work. have a great weekend! {image}
hi coco.
nice trade, congrats.
do you use TDI for divergence or what for?
  • #1,992
  • May 29, 2015 1:04pm May 29, 2015 1:04pm
Quoting dee50
DE30 (Dax) +196. I was not around this morning and when I got back every thing looked like crap, so I thought I would give this DAX thingy a go. I am not sure what I actually got, was it 196 pips (points) or 19.6, all I know it was a lot a lot a lot a Dollars. I had to set the Renko EA on 1000 to get a 10 Renko bar when I first set it to 5 for a 5 pip Renko MT4 froze with fright and I had to Task Manager shut down. If this is what Dax trading is like I am going to do more of it. {image}

hey dee.
i m unhappy with that you trade dax, cause you'r a very tough rival
it's a joke ofcourse very nice catch for today.
  • #1,993
  • May 29, 2015 1:17pm May 29, 2015 1:17pm
when i was talking about moving fast i mean this :
its very good when moving to your direction, easy to sit on profit.
but its a nightmare when moving to opposite direction to your trade.
thats because i highly reccomend using sl when trading dax.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30M200-29-3.png Size: 81 KB
  • #1,994
  • May 31, 2015 7:33pm May 31, 2015 7:33pm
A/U sideways but Thank you E/U. Nice start to my week.
Entry at breakout Out at bounce off sweet spot. Lovely. Now I'm off to my other job. Trade well people.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM2.png Size: 89 KB
Just trade the pullback you idiot!
  • #1,995
  • Jun 1, 2015 3:58am Jun 1, 2015 3:58am
DE30 +120. First one for June, and a Monday, not a bad result. At the moment I am controlling this manually until I get a handle on how the DAX works, it seems to have bursts of activity followed by consolidation eg. the first leg down dropped 50 points in 15 mins then it consolidated for 15 mins in a 30 point range then it dropped another 50 ish points again in 15 - 20 minutes. it is also not clear how it reacts around BRNs and it is difficult to mark up the S&R levels but with a bit more time I will get it under control.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +120 10615.png Size: 41 KB
Cut your Losers short and let your Winners run.
  • #1,996
  • Jun 1, 2015 4:07am Jun 1, 2015 4:07am
Over the weekend I did a bit of research on the DAX, funny enough there is not a lot of useful information to be found, one of the things I was researching was CFDs because that is what we are actually trading with MT4. i came across this site which was interesting.

Comparing CFDs with futures for Scalping and Day Trading

And I also came across this thread here on FF, which is only interesting from a point of seeing how other traders approach this instrument.

Carpe diem: Intraday tactics for Dax and Dow - Page 464 @ Forex Factory

There were of course sites and articles that warned you against trading CFDs but those were notable in the fact that they were old, many of the articles dated back to 2008 - 9, which since then much has changed in the CFD world.
Cut your Losers short and let your Winners run.
  • #1,997
  • Jun 1, 2015 4:18am Jun 1, 2015 4:18am
Quoting Batavier
A/U sideways but Thank you E/U. Nice start to my week. Entry at breakout Out at bounce off sweet spot. Lovely. Now I'm off to my other job. Trade well people. {image}
Eventually you will be able to do this to your other job.
Attached Image
Cut your Losers short and let your Winners run.
  • #1,998
  • Jun 1, 2015 4:42am Jun 1, 2015 4:42am
DE30 +50. This is embarrassing, another 50 points same target again. 170 points on a Monday morning just playing the Divergences. There has got to be a downside to trading the DAX I am sure I will come across it soon.

I have also noticed that you can trade for 20 points within the Renko marker, because each 10 renko bar has a potential Range of 30 points you can actually use that to scalp for 20, have a look and see if you can work it out.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 +120+50 10615.png Size: 43 KB
Cut your Losers short and let your Winners run.
  • #1,999
  • Jun 1, 2015 4:58am Jun 1, 2015 4:58am
DE30 Stop or breakdown further. Currently at the Bottom of a rising channel on the Daily, close to the 61.8% Retr which has held price up. I personally could not give a dam, but if you are still looking for points then watch out here.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30Daily10615.png Size: 66 KB
Cut your Losers short and let your Winners run.
  • #2,000
  • Jun 1, 2015 6:32am Jun 1, 2015 6:32am
Quoting dee50
DE30 +120. First one for June, and a Monday, not a bad result. At the moment I am controlling this manually until I get a handle on how the DAX works, it seems to have bursts of activity followed by consolidation eg. the first leg down dropped 50 points in 15 mins then it consolidated for 15 mins in a 30 point range then it dropped another 50 ish points again in 15 - 20 minutes. it is also not clear how it reacts around BRNs and it is difficult to mark up the S&R levels but with a bit more time I will get it under control. {image}
Way to go Dee!

Your trading is amazing, especially your exits, very impressing

Thanks for posting and inspiring...

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