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Extreme analysis system (Renko charts + Candlestick charts)

  • #1,181
  • Jul 16, 2015 10:55am Jul 16, 2015 10:55am
Hamdy,
Still trading with this method? I started trading with it yesterday,1 loss because I missed one of the rules, but ill keep updating with the successes\failures.
  • #1,182
  • Jul 20, 2015 11:53am Jul 20, 2015 11:53am
Hello everyone,
i would like to thank you all for participating in my thread while i was in Ramadan and feast holidays and special thanks to my friend HitThebid for providing people with useful information ,thanks Travis, wish you all best of luck...
Your perception dictates your behaviour
  • #1,183
  • Jul 22, 2015 5:00am Jul 22, 2015 5:00am
Quoting hamdysalah
Hello everyone, i would like to thank you all for participating in my thread while i was in Ramadan and feast holidays and special thanks to my friend HitThebid for providing people with useful information ,thanks Travis, wish you all best of luck...
It was my pleasure.
A belated "Ramadan Mubarak!" to you my friend.
  • #1,184
  • Jul 22, 2015 12:09pm Jul 22, 2015 12:09pm
Quoting hamdysalah
Hello everyone, i would like to thank you all for participating in my thread while i was in Ramadan and feast holidays and special thanks to my friend HitThebid for providing people with useful information ,thanks Travis, wish you all best of luck...

Hi hamdysalah
I am reading your thread and it is very interesting for me.
I also started trading with these rules and I have question about the entry rules.
For example for short entry the price action should be below Doda Donchian middle line
or should break Donchian lower band?
It is not clear for me because and I didnt found that information yet.

Thanks in advance
arcsu
  • #1,185
  • Jul 23, 2015 4:37am Jul 23, 2015 4:37am
Quoting arcsu
{quote} Hi hamdysalah I am reading your thread and it is very interesting for me. I also started trading with these rules and I have question about the entry rules. For example for short entry the price action should be below Doda Donchian middle line or should break Donchian lower band? It is not clear for me because and I didnt found that information yet. Thanks in advance arcsu
Hi arcsu,
the Doda Donchian middle line is the answer to the question you ask.

Best wishes
  • #1,186
  • Jul 23, 2015 8:09am Jul 23, 2015 8:09am
Quoting HitTheBid
{quote} Hi arcsu, the Doda Donchian middle line is the answer to the question you ask. Best wishes

Thank HitTheBit for answer

Are you trading with this method on real account? How many trades do you do per day, and what is yours winning ratio with this method?
I think this method is very solid and may be very profitable if we well understand and apply the rules.

Thanks for hamdysalah for sharing this method

arcsu
  • #1,187
  • Jul 23, 2015 7:23pm Jul 23, 2015 7:23pm
Hi arcsu,
I have traded Hamdy's method on a live fx account for a 90% win rate. I would average 1 trade per day ( London, New York session ) Multiple setups occur at similar times and I would concentrate on one setup.
I am currently looking at using this system with stock trading.

Trust the system, be disciplined, patient and trade with no nerves whatsoever.
  • #1,188
  • Jul 24, 2015 3:15am Jul 24, 2015 3:15am
Quoting HitTheBid
Hi arcsu, I have traded Hamdy's method on a live fx account for a 90% win rate. I would average 1 trade per day ( London, New York session ) Multiple setups occur at similar times and I would concentrate on one setup. I am currently looking at using this system with stock trading. Trust the system, be disciplined, patient and trade with no nerves whatsoever.


Hi HitTheBit
Thank you for answer.
I am also trading on small live account because I want to see how my emotions respond to my trading and how they can affect my trading results. I also filter entry by fundamental analysis so I avoid entries against fundamental trend or sentiment. I am thinking about using volatility indicator to avoid entries when is small movement in the market. But I am on very beginning in Forex so I need more practice.

best regards

arcsu
  • #1,189
  • Jul 24, 2015 5:10am Jul 24, 2015 5:10am
Quoting arcsu
{quote} Hi HitTheBit Thank you for answer. I am also trading on small live account because I want to see how my emotions respond to my trading and how they can affect my trading results. I also filter entry by fundamental analysis so I avoid entries against fundamental trend or sentiment. I am thinking about using volatility indicator to avoid entries when is small movement in the market. But I am on very beginning in Forex so I need more practice. best regards arcsu
arcsu,

My advice to you, and feel free to do with it what you wish, is to not over complicate trading.
Some may argue that your charts are already over complicated with the indicators present . I disagree. All that matters is what works for the individual.

I don't understand what you mean by filtering entries with fundamental analysis trend or sentiment?
One should be aware of Financial report times. Try this indicator V107 Calendar. Credit to Euclid....
http://www.forexfactory.com/showthread.php?t=326551

The Candlestick Heiken Ashi with EMA's gives you direction. Don't overthink is my advice....

Best regards to you.
  • #1,190
  • Aug 12, 2015 5:31am Aug 12, 2015 5:31am
How are you guys ?

After spending many time with renko, and many wierd ideas, indicators, and other problems I make conclusion. hamdysalah done smth very gr8. But in my opinion there was too much noise thats why I spend sooo many times on creating my own strategies with renko ehh , but time spend with renk get me idea, why we use only 10 pips box? Now I have 180points box and JC2 templemate with ADR, and in my opinion it work sooo fuckin gr8 that I have to write this post. If I would have more time( I work smth around 50h per week ) then I would made this conclusion sooner LOL i needed 6 months to understand beautyfull of his system -_- . But now im on fire!
Attached Image (click to enlarge)
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  • #1,191
  • Aug 12, 2015 5:52am Aug 12, 2015 5:52am
can you share your template? and rules of your system?

big thanks



Quoting mrous
How are you guys ? After spending many time with renko, and many wierd ideas, indicators, and other problems I make conclusion. hamdysalah done smth very gr8. But in my opinion there was too much noise thats why I spend sooo many times on creating my own strategies with renko ehh , but time spend with renk get me idea, why we use only 10 pips box? Now I have 180points box and JC2 templemate with ADR, and in my opinion it work sooo fuckin gr8 that I have to write this post. If I would have more time( I work smth around 50h per week...
  • #1,192
  • Aug 12, 2015 7:53am Aug 12, 2015 7:53am
Quoting yuki0912
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... {image}
Good Day Yuki,
Could you share how you changed the system and also was your result on an ea trade on this wonderful system?
Thank you for your reply in advance.

Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #1,193
  • Edited 10:57am Aug 12, 2015 10:31am | Edited 10:57am
As Hamdy write many times JC and renko complets each other in good way.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: GBJJCconf.png Size: 40 KB


Now im waiting fo Buy signal witch should appear soon on GBPJ.

Ohh and GBPJ, but on 9pips renko chart, this ranging always kill me, and I think the solution of this problem is 18pips renko boxchart.
Only adventage of 9pips renko chart is that it allows to take 90 pips move but we probably bleed it on ranging market.
Attached Image (click to enlarge)
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  • #1,194
  • Aug 13, 2015 10:27am Aug 13, 2015 10:27am
Quoting mrous
As Hamdy write many times JC and renko complets each other in good way. {image} {image} Now im waiting fo Buy signal witch should appear soon on GBPJ. Ohh and GBPJ, but on 9pips renko chart, this ranging always kill me, and I think the solution of this problem is 18pips renko boxchart. Only adventage of 9pips renko chart is that it allows to take 90 pips move but we probably bleed it on ranging market. {image}
Hi Mrous,
Are you able to post the 'Trend' indicator shown on the right of your chart?
Thanks
George
  • #1,195
  • Aug 14, 2015 6:38am Aug 14, 2015 6:38am
No problem When I get back to home I will post it, but after all I didnt look too much on this Indicator.
  • #1,196
  • Aug 17, 2015 1:25am Aug 17, 2015 1:25am
take this.

Quoting 2george
{quote} Hi Mrous, Are you able to post the 'Trend' indicator shown on the right of your chart? Thanks George
Attached File(s)
File Type: zip FerruFx_Multi_info THV.zip   83 KB | 454 downloads
  • #1,197
  • Aug 17, 2015 10:58am Aug 17, 2015 10:58am
Hi, I see someone was faster then me Thank you Xdamos. This is this indi 2george. My rules of this system is the same as Hamdy, but I use bigger sl, becouse I dont want to see that my trade is colse becouse of little wave on trend direction So I use ~60pips sl( it depends form pair) and usually 100pips tp or I move SL if the trade is goind in my favor. Until now I can see that the 100 pips TP gives the best results, of course with moving SL to breakeven after ~50 pips. Hmm I think thats all. Ohh now I have one indi more but I need time to test it usefullnes.

Sorry for my English
  • #1,198
  • Edited 2:35am Aug 20, 2015 2:17am | Edited 2:35am
Ehh this is sad taht this system is in commercial content -_- but what can we do.

Real account form yesterday:

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P.S I back to 90 points renko box. I think, that for daily trade 180 box is too slow, but if u wana hold trade for few days it could be realy good in my opinion .
  • #1,199
  • Aug 20, 2015 6:46am Aug 20, 2015 6:46am
Long on EURNZD end with +70 pips.
Now I have short on GBPAUD:
Attached Image (click to enlarge)
Click to Enlarge Name: gbp20.png Size: 27 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbp20a.png Size: 34 KB
  • #1,200
  • Aug 20, 2015 8:46am Aug 20, 2015 8:46am
Nice work guys and good luck
Your perception dictates your behaviour
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