Extreme analysis system (Renko charts + Candlestick charts)

thanks a lot travis

Hi Hamdysalah!

I was wrong in most of the entries because I was not patient enough... I will post all the losing orders, so you can give me some hint.

@Hamdysalah, Can you please post your weekly orders? Seeing your great results using this system will encourage me to improve!!!

Thanks,

Oh...moved....

I changed this system...a little

Result is here...

From May 1st to June 1st

I earned about 5000$
(started from 200$)

This is really good system...

if you stick to the rules and lost post it if you didn't and lost don't post because this will be your fault and you need to work on your emotions that's why i posted this file to help people before and i will post it again for you and about me posting again i posted more than 500 trades go back and study the thread ,wish you luck..

Hi Yuki0912!

Give us some hint of you system modifications please, your results are amazing!!

Thanks!

Hi again guys!

I have a technical issue to ask you. I have google it for an hour, but havent found the solution to such an esay question...

I want to be able to relocate the indicator windows according to my necessities. In the example below, I want to see the bottom indicator window on top of the other two, and therefore move down the top ones.

Can you help me in this easy issue?
Thanks!

Under most circumstances the order of the sub windows is relative to the order in which they are loaded.

delete all windows and relocate them thats all

enjoy

mental maturity allows the wisdom to wash over and permeate

On the one hour I did not have the 4hr gain in my favor so I turned into a scalp + 15

Wow Hamdy, Thanks for the last PDF. Very nicely said. It makes me feel better because I have spent a lot of years...no let me rephrase that... A LOT of years attempting to trade successfully. I like many, of us, spent money on garbage systems, jumped from system to system etc.

I studied 8 hours a day. Reading forums, testing methods, watching markets, learning what happens when London closes, etc, etc. After several years I at least started to break even. Then I started asking myself, why am I doing a little better now verses what I was doing before? The answer came in the reality of I was just smarter about the markets regarding pivot points, supply and demand, and support and resistance.

For those that live in the US like I do and have a hard time trading London hours, my suggestion is to work through the sleep issue. That was difficult for me but, London is best time to trade because not so much news. I trade some of New York but less and less now because every night it seems I have hit my goal by 3am pacific time.

I now take profits when I see the market slow instead of letting it go to profit then come back and stop me out. Even today I took three trades and took small profits on all three and hit my goal for the day. Instead of wanting 100 pips I accepted what the market gave me and I got my 30 pips. I realized if I had held them I would of lost on one and gained a bit more on the other. But either way, I exited close to the JC charts Sup/Dem lines on each. (thank you for advising to watch those)

When people read the pdf you gave and it talks about discipline, giving up one thing to gain another, hard work, and passion. Those that are successful will completely understand and concur with you. Those that are struggling, my advice to you is MORE CHART TIME.

I still spend some of my weekends looking at charts, reviewing trades and just being part of my passion. I day trade, however, so when I am done for the day, I want to be completely done for the day. When I take a holiday, I do not trade. (I might read some forums threads like this great one)

I say all of this with years of NOT being a successful, profitable trader. I am NOW a successful profitable trader. This method that Hamdy was so kind to share with us filled in the gaps for me and I have had successful days every day I have traded it. But if I had not had all the other unsuccessful experiences to learn from, the tenacity to never quit my dream, to never stop wanting to learn...this system would be just another system that I might of failed with because my mindset was not right.

Thank you for helping fill the gaps in my knowledge and this magnificent method. Combining renko and candlestick charts... brilliant.

For those that are struggling, just keep at it. For those that are succeeding share your success and your failures. I hope this helps motivate any one that needs it.
Success to all and thanks again Hamdy and Nihilist for some great indicators as well.

My three trades for the day.

Hi everybody,

My MT4 is working faster now with your tips.

Hamdy now I have only 2 alerts (MACD and VPO) .. you mention not to delete doda alert... my version do have alert in the parameters tab.. is there a new version?

PS: take a look on GBPUSD now... set up just happened....

on time: LONG - GBPUSD

Another for today + 21

only took 1 trade yesterday, but that's enough for me..
fall asleep after open position, but lucky it hit my TP because I forgot to put SL

Hello Dano858,
Congrats for your trade on GBPUSD of yesterday!

Could you please share your money manager expert?

Tks - Idris

Hello Hamdy Salah,

First I like to thank you for sharing your system with us.

I am new to Forex and I have learnt the basics, and while I was searching for a trading system to follow I came across your system.

While reading the EXT manual I noted that you have said the following:
"Please try to understand the market first before entering a trade because without understanding the market you can't trade Forex"

Now I'm curious about what this really mean. Isn't strictly following the entry rules enough to trade this system successfully? Or are there any other things that need to consider to filter out trades even though the entry rules are met? Please advice.

Thanks. Here you go!

Hi hamdy, how can you know whether the market is range or not with this system ? JC template 1 or 2 is better in your experience so far ?