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  • #4,321
  • Dec 9, 2015 3:45am Dec 9, 2015 3:45am
Hi PhilippineFX,

To my untrained eye it is just remarkable where some of your entries are. Sometimes you enter which look like totally against the trend and then it goes on to reach your target.

Well done, all your study is paying off
  • #4,322
  • Dec 9, 2015 4:06am Dec 9, 2015 4:06am
Quoting mor707
Hi PhilippineFX, To my untrained eye it is just remarkable where some of your entries are. Sometimes you enter which look like totally against the trend and then it goes on to reach your target. Well done, all your study is paying off
All the charts I post are missing one critical component and that is Price Action....a video might be the way to go..... what you would see is price slowing and stalling at the OB/OS levels,S&R etc....maybe even a mini 123 after retracement begins that does not show up clearly on a renco brick.....I think the trend you are referring to is just a price cycle.....most of my trades are with the HTF trend...
...its pretty clear I need to apply the same care to exits....I have a tendency to close early

Again PA is the key here....
  • #4,323
  • Dec 9, 2015 4:15am Dec 9, 2015 4:15am
GER30. Today so far. Got to dash out before every thing closes for the siesta. CU soon.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 91215.png Size: 73 KB
Cut your Losers short and let your Winners run.
  • #4,324
  • Dec 9, 2015 5:06am Dec 9, 2015 5:06am
-1,10,2,1.....all of this a good lesson in PA
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #4,325
  • Dec 9, 2015 5:52am Dec 9, 2015 5:52am
GER30 +40. Back again. If you do not catch the shops before siesta time they do not open again until 5.00pm in the evening, which can be a real pain when you are trying to get some thing finished.
Any way that last trade i moved TP down to next fib level and moved sl to BE +2, then went out and left it running.
It would help if I added the chart!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 +40 91215.png Size: 74 KB
Cut your Losers short and let your Winners run.
  • #4,326
  • Dec 9, 2015 6:06am Dec 9, 2015 6:06am
Quoting PhilippineFX
-1,10,2,1.....all of this a good lesson in PA {image}
HHMMM! number 1 number 2 where was number 2a number 3&4, divergence, but PA and stochs and MACD saying short.
Cut your Losers short and let your Winners run.
  • #4,327
  • Dec 9, 2015 6:14am Dec 9, 2015 6:14am
Quoting leeshindig
Dee, Dexter last season is terrible, and the last episode spoiled what was awesome viewing till that point. imo. Being a Brit, go look for Peaky Blinders.. possibly the best thing I've watched in years, or at least since Breaking Bad.
Yes I had read that Dexter went downhill from season 6, this happens with most series, eventually the writers and directors think that they can insult your intelligence and get away with it. Same happened with GOT, the last season was an insult, my wife and I were bored to death, we reckoned that in the whole season there was only about 30 mins of interest. I was wondering about Peaky Blinders, the reviews seem to be pretty good, will have a look at a couple of episodes. Thanks.
Cut your Losers short and let your Winners run.
  • #4,328
  • Dec 9, 2015 6:15am Dec 9, 2015 6:15am
I just try the strategy of the thread and do the exactly what have been taught in this thread.I trade from yesterday night till tonight(Asian time),I'm have make some cool 400 pips profit.Cool strategy!Keep on modifying can make my own trading strategy.
  • #4,329
  • Dec 9, 2015 6:20am Dec 9, 2015 6:20am
Quoting minute
​for some weird reason as soon as I place a trade on ger30 I'm 8 ticks at least in the hole.. I contacted my broker and they said it was because it was out of market hours. then I tried during market hours and exactly the same.. I'm being gouged. The advice I got from them didn't help... it should only be 1 tick. Any ideas please, because I can't place any more trades till I get this resolved.
Go to another broker!!
Cut your Losers short and let your Winners run.
  • #4,330
  • Dec 9, 2015 6:21am Dec 9, 2015 6:21am
Quoting flynn91
I just try the strategy of the thread and do the exactly what have been taught in this thread.I trade from yesterday night till tonight(Asian time),I'm have make some cool 400 pips profit.Cool strategy!Keep on modifying can make my own trading strategy.
400 pips in the overnight session wow, nice one
Cut your Losers short and let your Winners run.
  • #4,331
  • Dec 9, 2015 6:23am Dec 9, 2015 6:23am
Quoting PhilippineFX
dax 4x15..... {image}
Nice one, and for the other 5 trades as well,
Cut your Losers short and let your Winners run.
  • #4,332
  • Dec 9, 2015 6:28am Dec 9, 2015 6:28am
Quoting mitch
{quote} Can I use whatever other one is highlighted in the offline setting for other renko setting?
If they are highlited they are in use already!!! You seem to have some strange stuff going on there, I think Friska started off with FXCM, can't remember if he had some teething problems initially with them too.
Cut your Losers short and let your Winners run.
  • #4,333
  • Dec 9, 2015 6:34am Dec 9, 2015 6:34am
Quoting dee50
GER30 +40. Back again. If you do not catch the shops before siesta time they do not open again until 5.00pm in the evening, which can be a real pain when you are trying to get some thing finished. Any way that last trade i moved TP down to next fib level and moved sl to BE +2, then went out and left it running. It would help if I added the chart! {image}
Very nice trades Dee!!
I have testing this strategy in last few days, all positive result. Thanks for sharing this.
I try to use strategy tester to do Renko back testing on other pair, but it seems doesn't work on strategy tester. anything can help?
cheers
seeing through
  • #4,334
  • Dec 9, 2015 6:44am Dec 9, 2015 6:44am
Quoting pipphunter
{quote} Very nice trades Dee!! I have testing this strategy in last few days, all positive result. Thanks for sharing this. I try to use strategy tester to do Renko back testing on other pair, but it seems doesn't work on strategy tester. anything can help? cheers
There is a way to back test but it is very convoluted. I think MathTrader7 had some suggestions or even a solution, search out his posts from his profile. I personally much prefer to forward test on live market data as any "Back test" is far from reliable as many traders have found, and not just with Renko Bars.
Cut your Losers short and let your Winners run.
  • #4,335
  • Dec 9, 2015 6:48am Dec 9, 2015 6:48am
Quoting dee50
{quote} There is a way to back test but it is very convoluted. I think MathTrader7 had some suggestions or even a solution, search out his posts from his profile. I personally much prefer to forward test on live market data as any "Back test" is far from reliable as many traders have found, and not just with Renko Bars.
Thanks for your advice. I will search Mathtrader7's post. BTW, if you don't mind, may I ask what is winning rate when you scalp the Dax on Renko 5? normally where would you place the stop loss? cheers
seeing through
  • #4,336
  • Dec 9, 2015 6:53am Dec 9, 2015 6:53am
Quoting pipphunter
{quote} Thanks for your advice. I will search Mathtrader7's post. BTW, if you don't mind, may I ask what is winning rate when you scalp the Dax on Renko 5? normally where would you place the stop loss? cheers
You need to ask PhilipineFX those questions, I only started scalping yesterday, normally I only fit in a scalp or two in between my normal trades, where as Phili has been at it much longer with more history, I am still feeling my way.
Cut your Losers short and let your Winners run.
  • #4,337
  • Dec 9, 2015 7:11am Dec 9, 2015 7:11am
PLEASE. Do not waste my time with Private Messages like this.

"you are using renko? is it standard renko or one of the other variations of renko? I am curious are you using any indicators with renko? if so what are they and what are the settings? it looks like the macd and the stochastic indicators are good so far. really though what does and indicator except lag and repaint? divergence using macd seems very effective however but those patterns are long winded and subjective to interpret often."

If you had read Page 1 of the thread you would know we are using Renko.
If you had looked at the last chart posted you would know we are using Renko

I have said this before and I will say it again, If you can not be bothered to make an effort, why on earth do you think I should?
Cut your Losers short and let your Winners run.
  • #4,338
  • Dec 9, 2015 9:27am Dec 9, 2015 9:27am
I think trading is one of the strongest ways to really know who you are
nescentia necat
  • #4,339
  • Dec 9, 2015 9:34am Dec 9, 2015 9:34am
really damn nice guys!!
you rock!!

this thread has truly become a resource rather than precious.
it is a pleasure to read
nescentia necat
  • #4,340
  • Dec 9, 2015 11:01am Dec 9, 2015 11:01am
Quoting dee50
PLEASE. Do not waste my time with Private Messages like this. "you are using renko? is it standard renko or one of the other variations of renko? I am curious are you using any indicators with renko? if so what are they and what are the settings? it looks like the macd and the stochastic indicators are good so far. really though what does and indicator except lag and repaint? divergence using macd seems very effective however but those patterns are long winded and subjective to interpret often." If you had read Page 1 of the thread you would know...
Just ignore them, they are ...... Sometimes the same messages coming to my profile, I can not understand these people, everything is in thread and probably they had to read a thread because they know my nick, same as yours, incomprehensible...

Btw, nice trades Philippine, Dee, same as other guys !!
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