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  • #3,901
  • Nov 4, 2015 9:34am Nov 4, 2015 9:34am
They are having a laugh, if it carries on like this it will complete a Pin bar on the 4hr, then what are we going to do?

It must be nice to have enough money at your disposal to move an instrument in any direction that you want, when you want, this has clearly been a money play, so careful, some one still needs a few more of your contracts before they call it a day.
As for me, I need to take my own advice and "Look up a time frame" if I had I would have seen the bottom of the channel below the 50% retr and that would have been a likely spot for some Stop losses to reside.
I am still learning!!!
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #3,902
  • Edited 10:33am Nov 4, 2015 10:21am | Edited 10:33am
GER30 +63x3. +ongoing. Dbl top + Div on the 5 pip started this. First TP hit, see if this will drift down to the final TP.

Sorry, I did not have todays Fib on the chart i first posted, the pullback with the dbl top was to the 50% retr an important point to the entry.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #3,903
  • Nov 4, 2015 11:42am Nov 4, 2015 11:42am
Quoting mact4
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...
Nice looking chart / Indy setup - any chance of posting your template. Thanks
  • #3,904
  • Nov 4, 2015 1:27pm Nov 4, 2015 1:27pm
Quoting atraderfx
{quote} Nice looking chart / Indy setup - any chance of posting your template. Thanks
Sure.

MACD : you can turn on the automatic divergence detector. Does not catch every divergence but it's not bad.
TDI : This does duplicate the function of MACD somewhat but I still find it useful to help read divergence, momentum and bias.
TMAx : you can choose to turn on/off three bands and specify the number of look-back bars
Attached File(s)
File Type: zip Indicators.zip   161 KB | 591 downloads
File Type: tpl # Current Renko Black 3pip.tpl   120 KB | 420 downloads
  • #3,905
  • Nov 4, 2015 3:32pm Nov 4, 2015 3:32pm
Dee, Xremmy, mact4, really nice trades guys !

After yesterday little disaster (-25 pips) was today better +50 pips. I think it does not need any comments, there are simple scalps based on Div/Hdiv + Double bottom/top + 123 pattern which is my trend indicator
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  • #3,906
  • Nov 5, 2015 4:29am Nov 5, 2015 4:29am
A bit late to the party...big divergence and BRN ...out for 37 at fib[61.8]retrace
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  • #3,907
  • Nov 5, 2015 4:48am Nov 5, 2015 4:48am
GER30 +109 +71 +86. My last trade from yesterday finished this morning. 1st trade today Dbl Top div. 2nd trade Big loverly Divergence into a 123 on the 5 pip which became a 123 on the 10 pip, but I opted for the 61.8% retr of the Hi Lo, the 123 shows the 200% up at 11000 which is possible but I want to see a pullback before I take another long.
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Cut your Losers short and let your Winners run.
  • #3,908
  • Nov 5, 2015 5:40am Nov 5, 2015 5:40am
Any one old enough to remember the 80s?

I have been monitoring this for some time now, has any one noticed that the 80s is a reaction point for the DAX. Normally between the 80 and 00 there is a reaction zone or Support or Resistance zone, a good place to Take Profit.
This is not written in stone, but generally it seems to be valid.
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Cut your Losers short and let your Winners run.
  • #3,909
  • Nov 5, 2015 6:02am Nov 5, 2015 6:02am
I have made 2 small changes to my chart layout. The 150 EMA is now a 200 EMA and I have been trying out a small change on the 5 EMA which is now a 3 EMA shift +2.

The 200 EMA is more representative of what the majority of traders are looking at.

The 3 EMA is more representative of Jaquemate's Diagonal Trendlines.

For those who care, hope it helps.
For those who don't give a damn.
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Cut your Losers short and let your Winners run.
  • #3,910
  • Nov 5, 2015 6:41am Nov 5, 2015 6:41am
BE+2 2x3 times....can not break through 10950....divergence forming on 5 renco.....what now???
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  • #3,911
  • Nov 5, 2015 6:54am Nov 5, 2015 6:54am
Quoting dee50
I have made 2 small changes to my chart layout. The 150 EMA is now a 200 EMA and I have been trying out a small change on the 5 EMA which is now a 3 EMA shift +2. The 200 EMA is more representative of what the majority of traders are looking at. The 3 EMA is more representative of Jaquemate's Diagonal Trendlines. For those who care, hope it helps. For those who don't give a damn. {image}
Dee, can you explain how exactly do you use EMA200 and EMA3 + 2 shift ? Thanks.
  • #3,912
  • Nov 5, 2015 8:30am Nov 5, 2015 8:30am
GER30 =20 +ongoing. The divergences finally kicked in, I had a go earlier but I closed it because it just did not feel like it was ready. I was not confident about the next go but I figured if I got in earlier I would have more time to react. look at the MACD although it does not look like it the divergence became even stronger as price continued to drift up, and it was a drift up almost as if the rest of the market had no conviction that price was going to continue to climb and needed to come back down.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #3,913
  • Nov 5, 2015 8:49am Nov 5, 2015 8:49am
GER30+20x3.+36x3. I have marked the divergences on the chart before some one asks me "what divergence" i have also marked the 123 Fib exp so that you can see that price turned at the 161.8% part of the reason for the short.
I am trying to anticipate the "Why did you" "what did you" questions, sorry if I can not think of them all.
You know, often you can answer your own questions simply by looking at a chart, some times drawing a line on it, or pulling a fib from a - b.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #3,914
  • Nov 5, 2015 9:27am Nov 5, 2015 9:27am
Quoting Matomi
{quote} Dee, can you explain how exactly do you use EMA200 and EMA3 + 2 shift ? Thanks.
The 3 EMA is more representative of Jaquemate's Diagonal Trendlines. Page 1.

The 200 EMA is more representative of what the majority of traders are looking at.
I don't "use it", it is what it tells me about what other traders are likely to do. What market momentum/direction is in combination with the 50 EMA. how far away is price from the 200, when it gets too far away it comes running back like a young child that has strayed too far away from it's mother skirt
Just look at a chart with it on, what information does it give you, do you see it as a Trigger when price bounces off it, is it a guide for you as to what trade direction to favour, only long if price is above only short if price is below.

You are trying to Automate your trading so you are looking for a mechanical set of rules, I can not give you them, I am your type of traders worst nightmare, I am a Discretionary Trader, I am a Flexible Trader who adapts to the market.

Bugger it, now I missed that entry.
Cut your Losers short and let your Winners run.
  • #3,915
  • Nov 5, 2015 9:42am Nov 5, 2015 9:42am
Quoting mact4
{quote} Sure. MACD : you can turn on the automatic divergence detector. Does not catch every divergence but it's not bad. TDI : This does duplicate the function of MACD somewhat but I still find it useful to help read divergence, momentum and bias. TMAx : you can choose to turn on/off three bands and specify the number of look-back bars {file} {file}
Thanks Very Much!. I will try out and let you know how it works out for me!
  • #3,916
  • Nov 6, 2015 9:11am Nov 6, 2015 9:11am
but the 200 ma on a renko chart will be in a much different position to the 200ma the majority of traders will be looking at on a standard chart.. as time is not plotted.
  • #3,917
  • Edited 9:56am Nov 6, 2015 9:30am | Edited 9:56am
Quoting leeshindig
but the 200 ma on a renko chart will be in a much different position to the 200ma the majority of traders will be looking at on a standard chart.. as time is not plotted.
Which standard chart are you referring to?
Every ma is in a different position on every time frame chart as well. Unless you use MTF MAs. look on other threads and you will see traders referring to the 200MA on their charts, it goes from the sublime to the ridiculous, 15second charts upto Weekly charts.
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Cut your Losers short and let your Winners run.
  • #3,918
  • Nov 6, 2015 9:33am Nov 6, 2015 9:33am
GER30 +10x6+2x6+10x6+91x3+10x6+B/E +61 ongoing. I missed the initial NFP but thanks to the DAX I was able to grab a few pips.

Quick update. Sl hit for +61x3.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #3,919
  • Nov 6, 2015 12:50pm Nov 6, 2015 12:50pm
Quoting dee50
{quote} Which standard chart are you referring to?
any
  • #3,920
  • Nov 6, 2015 6:25pm Nov 6, 2015 6:25pm
I think he answered your question two posts above yours.
Good Trading
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