Break out trade today Dee? I was looking for a reason to enter...
{quote} Will give it a go for you, but I have not had any problems as I only ran the TMA on 1x 5 pip chart, But I will change my set up and see if it effects my 13 year old HP.
BTW - fabulous trading as usual.
RE: your last chart,
a) what made you pull the trigger on your long trade? I exited too early, too worried about giving back pips
b) Your pullback entry - what gave you confidence to go in here. There have been other pullbacks but price did not go very far.
Would you mind posting your 3/5pip charts for a closer look of your entries / exits?
- #3,883
- Nov 2, 2015 5:18am Nov 2, 2015 5:18am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} Thank you Dee but you really have no issues? If you don't mind me asking, what's your computer spec and your broadband speed? Maybe that's the issue I have. BTW - fabulous trading as usual. RE: your last chart, a) what made you pull the trigger on your long trade? I exited too early, too worried about giving back pips
b)see chart
Computer spec. see image. broadband. 6 Mbit connection but normally operates at approx 2.5 Mbit, this is rip off Spain.
Your connection is unlikely to be the problem. this is the result of a trace on mine. see image Traceroute.
Cut your Losers short and let your Winners run.
- #3,885
- Nov 2, 2015 5:46am Nov 2, 2015 5:46am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} Thank you very much Dee. It must be all the other 'stuff' I have running on my machine. Probably need to declutter...
First image is just Desktop, nothing else open.
This is MT4 with No TMA running, note a couple of spikes to 50% cpu, nothing significant. Renko indi working cpu between 0%-30%
MT4 with your modified TMAx, Spikes to about 80% cpu, this happened when price speeded up, but then settled back down.
This is TMAx with look back set to just 250 bars. Quite a difference!
Cut your Losers short and let your Winners run.
- #3,886
- Nov 2, 2015 6:01am Nov 2, 2015 6:01am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
GER30 +140x3. Closed out my last 3 runners, possible 2B +div at a BRN on the 10 pip. The pullback on the stochs barely registered so it is entirely possible that this will run up to 10980, but, if only I had waited for the 10 pip bar to close 
, however as I write this the 5 pip stochs has barely made it back up over the 50 line
so the decision to get out was the right one, even though just 20 mins earlier it was the wrong one. Confused 
Don't be. Make a decision and live with it. If in 30 mins time it is starting to nag at me I will just look for another entry to make up the 20 pips that I left on the table.
, however as I write this the 5 pip stochs has barely made it back up over the 50 line so the decision to get out was the right one, even though just 20 mins earlier it was the wrong one. Confused Don't be. Make a decision and live with it. If in 30 mins time it is starting to nag at me I will just look for another entry to make up the 20 pips that I left on the table.
Cut your Losers short and let your Winners run.
- #3,888
- Nov 2, 2015 8:22am Nov 2, 2015 8:22am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #3,889
- Nov 2, 2015 8:24am Nov 2, 2015 8:24am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Hope, you enjoy nice UPtrend today. +40 pips, 4x10: {image}
Cut your Losers short and let your Winners run.
- #3,890
- Nov 2, 2015 9:08am Nov 2, 2015 9:08am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
{quote} Very nifty on your feet. Nice trading.
. I am so far to do trades like you, but for now I am happy, that I have at least 10 pips scalps on your entries + my entries on small divergences or another setups.I can see and I think it is unchallengeable, that your setups are absolutely representative ones, like from besteller trading book and I should catch only them, but for 10 pips scalps are good a worse signals too. Well, we will see how will be equity at the end of week
As always, your today trades were amazing
!
- #3,893
- Nov 3, 2015 2:56am Nov 3, 2015 2:56am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} I got someone to do the changes we previously discussed. Also included the choice to opt out of some of the 'lines'. Will be good to see if these two options help with efficiency of this indicator. A (different) coder did not think it will make much difference but I wanted to give it a go anyway. Have ramped up my charts to allow for 20K bars in history and charts; previously would cause my computer to hang. TMAx look-back-bars set to 1000, applied to 3 charts - we shall see
{quote} I did a quick check using Task manager First image is just Desktop, nothing else open. {image} This is MT4 with No TMA running, note a couple of spikes to 50% cpu, nothing significant. Renko indi working cpu between 0%-30% {image} MT4 with your modified TMAx, Spikes to about 80% cpu, this happened when price speeded up, but then settled back down. {image} This is TMAx with look back set to just 250 bars. Quite a difference! {image}
your discussion is very useful.
mact4 thanks mate for tma update,
I'll try to replace in my mt4 the tma with your own,
and I think that thorough checks of dee50 leaves no doubt.
good job! and and thanks dee for your precious suggestions.
nescentia necat
I think I am finally gaining some consistency in this game. Still have a long way to go, a lot of bad habits to unlearn and a lot of good discipline to learn but renko certainly helps a huge lot.
First trade I made two cardinal sins: One, going against the 10 pip stoch, and two, being convinced the DAX was going to go up but not waiting for price to be ready to turn up.
At least I remembered to take the hit and accept my loss.
As I was not in the right 'head space' took a break and when I came back, re-looked at the charts to see where it was telling me it wanted to go.
After that, all my trades were positive - not all the trades are shown as I sometimes took 2 or 3 trades at a time - posting all would just make the chart rather messy. I just posted one, or at most two of each 'group' to show entry and exit.
Other things to do so that's it for today.
First trade I made two cardinal sins: One, going against the 10 pip stoch, and two, being convinced the DAX was going to go up but not waiting for price to be ready to turn up.
At least I remembered to take the hit and accept my loss.
As I was not in the right 'head space' took a break and when I came back, re-looked at the charts to see where it was telling me it wanted to go.
After that, all my trades were positive - not all the trades are shown as I sometimes took 2 or 3 trades at a time - posting all would just make the chart rather messy. I just posted one, or at most two of each 'group' to show entry and exit.
Other things to do so that's it for today.
- #3,896
- Nov 4, 2015 3:45am Nov 4, 2015 3:45am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
I think I am finally gaining some consistency in this game. Still have a long way to go, a lot of bad habits to unlearn and a lot of good discipline to learn but renko certainly helps a huge lot. First trade I made two cardinal sins: One, going against the 10 pip stoch, and two, being convinced the DAX was going to go up but not waiting for price to be ready to turn up. At least I remembered to take the hit and accept my loss. As I was not in the right 'head space' took a break and when I came back, re-looked at the charts to see where it was telling...
You took the hit
and controlled the loss 
Took a break and came back to "Trade what you see not what you think."
Superb!
Cut your Losers short and let your Winners run.
- #3,897
- Nov 4, 2015 3:58am Nov 4, 2015 3:58am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
{quote} If I am reading that correctly, +194 pips for a mornings work.
I've changed my focus from number of pips to making good entries and exits and ignored £ made/loss. I've found the pips follow from that. Just have to keep discipline - which for me is the really hard part. Switched off my charts so I am not tempted to make trades as I'm not able to focus at the moment.
... i was convinced price was carrying on down back to the trend line, I still think the idea was justified as price had rejected at the BRN + Daily open, and an hour later and another retest of the BRN and hey presto price has indeed come back down and is now at the trend line. Doesn't mean I was right, if I was only trading price I was right, but there is no point in having other indicators on the chart if you are not going to take notice of what they are saying...
I found your thinking here very interesting as I still struggle with exits. Where to put TP -is it a trending day or not , when to ignore exit/divergence signals, etc
- #3,900
- Nov 4, 2015 7:14am Nov 4, 2015 7:14am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.