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More simple is impossible

  • #4,381
  • Dec 12, 2015 7:04am Dec 12, 2015 7:04am
Quoting bettervolume
heelo phillpine x 1)From which chart do you get your major resistance and from which chart do you get minor resistance. 2)Do you draw fib level from daily 4 hr 10 renco 5 renco and 3 renco? 3)what is the ma for 10 renco and 5 renco ....it was 200 and 60 but I see it is changed --to what ? 4)the 5 renco chart --is it a m3 offline chart 10 renco ---m4 offline chart 3 renco ---?? please answer when you have time I am impressed with your scalping would like to learn more
Adding question:

What BRN stands for?

Tks
  • #4,382
  • Dec 12, 2015 9:58am Dec 12, 2015 9:58am
Big round number
Energy, frequency and vibration.
  • #4,383
  • Dec 12, 2015 7:00pm Dec 12, 2015 7:00pm
Quoting drammen
Big round number
Tks Drammen !!!
  • #4,384
  • Dec 13, 2015 10:24am Dec 13, 2015 10:24am
Hi Folks, I also trade with Renko, but take only double/triple tops/bottons OR Breaks of last High or Low and always same direction of bigger trend and only inside london session
here my trades from last friday:

AUDJPY: +60
Attached Image (click to enlarge)
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CADJPY +20 (TP2 got hit on SL moved to BE after 20pip)
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EURUSD+60
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GBPAUD+60
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GBPJPY -80 (-40 each position)
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GBPUSD +60
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NZDJPY +60
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Total 240pips
  • #4,386
  • Dec 13, 2015 11:13am Dec 13, 2015 11:13am
Quoting mokuro89
Hi Folks, I also trade with Renko, but take only double/triple tops/bottons OR Breaks of last High or Low and always same direction of bigger trend and only inside london session here my trades from last friday: AUDJPY: +60 {image} CADJPY +20 (TP2 got hit on SL moved to BE after 20pip) {image} EURUSD+60 {image} GBPAUD+60 {image} GBPJPY -80 (-40 each position) {image} GBPUSD +60 {image} NZDJPY +60 {image} Total 240pips
Nice! Are you willing to share the line break indicator or are you manually plotting the lines?
  • #4,387
  • Dec 13, 2015 11:14am Dec 13, 2015 11:14am
Quoting Mnlop500
Hidden
Wrong thread me thinks!
  • #4,388
  • Dec 13, 2015 11:19am Dec 13, 2015 11:19am
Hi Jaquemate
very very interesting thread...
It seems as tranding become simple and profitable when you change point of view! I've tried several trading systems for almost 10 years, but very very bad results...! It semms impossible to find real profitable strategie...
I often switch from indicators to EA, form grid to trend following strategies...
You look like a real trader, what's your suggest for very little trader (250-500 EUR account!) like me?
Thank you very much!!!
  • #4,389
  • Dec 13, 2015 11:21am Dec 13, 2015 11:21am
Quoting bettervolume
heelo phillpine x 1)From which chart do you get your major resistance and from which chart do you get minor resistance. 2)Do you draw fib level from daily 4 hr 10 renco 5 renco and 3 renco? 3)what is the ma for 10 renco and 5 renco ....it was 200 and 60 but I see it is changed --to what ? 4)the 5 renco chart --is it a m3 offline chart 10 renco ---m4 offline chart 3 renco ---?? please answer when you have time I am impressed with your scalping would like to learn more
1. Ren10 and Ren3
2. I am constantly drawing fibs on all time frames form any and all manor of price swings looking for an interesting level.....such as historical S&R or fib overlap from a higher TF...this is basic stuff covered on sites like Babypips.
3. I got rid of MA`s and pray i am never tempted to use them again.
4. M1 on all renco charts....the techies here may have a better solution but it seems to work
  • #4,390
  • Dec 13, 2015 11:49am Dec 13, 2015 11:49am
Quoting superjolt
{quote} Nice! Are you willing to share the line break indicator or are you manually plotting the lines?
Sure, here is it, it just mark the highers and lowers, 1-2-3 trade
Attached File(s)
File Type: ex4 ! T_Kiads_123Breakout v01 (1).ex4   12 KB | 451 downloads
  • #4,391
  • Dec 13, 2015 11:58am Dec 13, 2015 11:58am
Quoting mokuro89
{quote} Sure, here is it, it just mark the highers and lowers, 1-2-3 trade {file}
Cool, thanks
  • #4,392
  • Edited 4:09am Dec 14, 2015 3:38am | Edited 4:09am
Hi dee50, below looked like an A1 setup to me, O/B, div off of the 200EMA, BRN. Have I missed something in my analysis do you think?

Cheers

Attached Image (click to enlarge)
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EDIT: I'm now thinking the preceding up move from 10300 had little resistance so it was unlikely to completely reverse without a good deal of consolidation beforehand.
  • #4,393
  • Dec 14, 2015 5:34am Dec 14, 2015 5:34am
Dax +4x16, +3x18, +4x13.....the first trade was taken after a lower high on a double top.....out at stochs OS........something that does not show on the chart is price breaking through the BRN like a hot knife through butter and screeching to a halt. When the market gifts you 4x16 pips in 62 seconds its foolish to get greedy.
I did not take the triple top trade because i was busy negotiating the purchase of 5 young coconuts...
Buy the time i took the last trade the price cycle was well established....macd was OS to a fine point....got out at fib 61.8 and BRN as well as stochs peaking at OB
Attached Image (click to enlarge)
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Here is something I have been playing around with......this is the same renco 5 chart as a line chart....check out how well it mirrors the macd and stochs....could there be a clearer picture of the cycle being OB/OS.....i took all these trades off this line chart
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  • #4,394
  • Dec 14, 2015 6:34am Dec 14, 2015 6:34am
thanx phillipine x will test the fibs and use all m1 charts
  • #4,395
  • Dec 14, 2015 6:38am Dec 14, 2015 6:38am
hello phillipinex
when u talk about a cycle must be 8-12 bricks what do you mean ...Is a cycle from overbought to oversold . or is a cycle overbought to oversold and back to overbought????
  • #4,396
  • Dec 14, 2015 7:02am Dec 14, 2015 7:02am
Quoting bettervolume
hello phillipinex when u talk about a cycle must be 8-12 bricks what do you mean ...Is a cycle from overbought to oversold . or is a cycle overbought to oversold and back to overbought????
I have never used the word "must".....I "like"to trade 8-12 brick cycles but in the end take what the market provides....a cycle is simply the Oscillation of price ....take a look at the renco line chart i just posted...it clearly shows the cycle....do not get all hung up on numbers...it will not help you
  • #4,397
  • Dec 14, 2015 7:14am Dec 14, 2015 7:14am
dax 6x 15ish.....Renco 10 hit previous s&r along with stochs OB
Attached Image (click to enlarge)
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  • #4,398
  • Dec 14, 2015 9:22am Dec 14, 2015 9:22am
Quoting superjolt
Hi dee50, below looked like an A1 setup to me, O/B, div off of the 200EMA, BRN. Have I missed something in my analysis do you think? Cheers {image} EDIT: I'm now thinking the preceding up move from 10300 had little resistance so it was unlikely to completely reverse without a good deal of consolidation beforehand.
Exactly. You might notice that the 200 EMA has started to flatten and the 50 EMA has turned up, showing a reduction in momentum when this happens there is "usually" a period of consolidation.
Cut your Losers short and let your Winners run.
  • #4,399
  • Dec 14, 2015 9:28am Dec 14, 2015 9:28am
Quoting PhilippineFX
Here is something I have been playing around with......this is the same renco 5 chart as a line chart....check out how well it mirrors the macd and stochs....could there be a clearer picture of the cycle being OB/OS.....i took all these trades off this line chart {image}
And for my next trick I shall trade Blind folded, but not just that, I shall put my right index finger in my left ear all the while standing on one foot on the tip of a six inch nail protruding through a length of 4x4 which has been placed across a pit containing 20 pissed off King Cobras. If that is too easy I shall try some thing harder.
Cut your Losers short and let your Winners run.
  • #4,400
  • Dec 14, 2015 9:39am Dec 14, 2015 9:39am
I have been having real problems with MT4, first all the Trade Managers except 1 ceased to function, then my Renko charts went crazy, what I was seeing bore no relation to the actual market, I have wasted days trying to sort it out, in the end I uninstalled MT4 and re installed, that did not work because when MT4 un installs it leaves all sorts of shit behind so I had to clean out the registry, manually, and then re install. Now I have a working version again but the Trade Managers are still not working, only 1 of them. I know MT4 is free but cum-on Metatrader, what the hell are you doing? every time there is an update all hell breaks loose, are you purposefully trying to piss every body off so they go and use another platform? I can trade DAX on my Futures platform with out all this aggravation.
Cut your Losers short and let your Winners run.
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