Invincibility lies in the defence; the possibility of victory in the attack
- #4,742
- Jan 11, 2016 3:04am Jan 11, 2016 3:04am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #4,743
- Jan 11, 2016 3:05am Jan 11, 2016 3:05am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
DAX (+40) I messed up London open, as price climbed up effortlessly, I was just sitting here like an idiot, convincing myself that the it is high-time for a correction. Well, I finally got my chance when I saw a LL and a LH. Still, the easy money was on the way up. Still got a lot to learn. {image}
nice trade!
patience rewards always right?
nescentia necat
- #4,744
- Jan 11, 2016 3:20am Jan 11, 2016 3:20am
{quote}
Say, how long have you been trading? Your lines seems to be spot on! I suck badly at drawing TLs
Invincibility lies in the defence; the possibility of victory in the attack
- #4,747
- Jan 11, 2016 3:54am Jan 11, 2016 3:54am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} Thanks! It does indeed, although sitting through the rally was dumb, even for me
it's just that draw lines with mt4 is a nightmare!
nescentia necat
- #4,748
- Jan 11, 2016 3:56am Jan 11, 2016 3:56am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
compliments of the season to all ....
long dax 9905
but..mmmh I'm a bit scared to go long
nescentia necat
- #4,749
- Jan 11, 2016 4:13am Jan 11, 2016 4:13am
I am not sure if it's just me or you all have faced with the same dilemma/problem using these renko charts.
Let me explain...do to the fact that mt4 provides 1 minute data, when we generate based on old data a renko chart, it it somehow artificial made...mt4 doesn't know the real succession of ticks so it creates smth that looks fine with the data it has.
During live sessions, every tick is counted and inserted on our offline charts (created by our renko EA). In the end we have a real chart based on real data. BUT these information doesn't save anywhere... In the moment we close MT4 these data disappears. When we open it again, the chart is REDRAWN using the first method (artificial ticks).
If you are using higher renko numbers (10-15) this problems is smaller but on renok<5, the differences on charts are visible.
My questions to you are: all of you knows these? it is something that we accept and we can't do anything about it? it is known and accepted that a back testing can be quit irrelevant? is there any why to save the real chart obtained during live session (I saw that a CTRL+S saves data in a .csv file) and to upload it when we reopen MT4? (i could't find this option in mt4 )
Well, hope I was clear
If not..I can upload some pictures too if necessary...
Let me explain...do to the fact that mt4 provides 1 minute data, when we generate based on old data a renko chart, it it somehow artificial made...mt4 doesn't know the real succession of ticks so it creates smth that looks fine with the data it has.
During live sessions, every tick is counted and inserted on our offline charts (created by our renko EA). In the end we have a real chart based on real data. BUT these information doesn't save anywhere... In the moment we close MT4 these data disappears. When we open it again, the chart is REDRAWN using the first method (artificial ticks).
If you are using higher renko numbers (10-15) this problems is smaller but on renok<5, the differences on charts are visible.
My questions to you are: all of you knows these? it is something that we accept and we can't do anything about it? it is known and accepted that a back testing can be quit irrelevant? is there any why to save the real chart obtained during live session (I saw that a CTRL+S saves data in a .csv file) and to upload it when we reopen MT4? (i could't find this option in mt4
)Well, hope I was clear
If not..I can upload some pictures too if necessary...
- #4,752
- Jan 11, 2016 4:37am Jan 11, 2016 4:37am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #4,753
- Edited 5:46am Jan 11, 2016 5:11am | Edited 5:46am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #4,754
- Edited 6:46am Jan 11, 2016 6:29am | Edited 6:46am
Today would have been easy pickings...this is what happens when you leave trades unattended. With the right actions I could have closed the shorts with small losses / BE and re-enter closing the day on the green side. -26 for today. Someone needs to get their shit together....
I know where my trades went wrong, however is someone wants to throw an opinion at me...feedback is always appreciated
I know where my trades went wrong, however is someone wants to throw an opinion at me...feedback is always appreciated
Today would have been easy pickings...this is what happens when you leave trades unattended. With the right actions I could have closed the shorts with small losses / BE and re-enter closing the day on the green side. -26 for today. Someone needs to get their shit together.... {image} {image} I know where my trades went wrong, however is someone wants to throw an opinion at me...feedback is always appreciated
- #4,757
- Jan 11, 2016 7:17am Jan 11, 2016 7:17am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #4,759
- Jan 11, 2016 7:39am Jan 11, 2016 7:39am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
{quote} Yes it still does. I am actually not that interested in S&D and a weekend studying it has not changed my mind mainly because despite the various Gurus saying it is not the same as S&R, every thing I learnt just confirms that it is still S&R, the only difference I can see is that the S&R have been turned into zones, a fact that is supported by the fact that most of them are using Fractals to identify S&D zones and just applying a filter (rules) to eliminate the weaker areas. Some thing I have been doing for years when I identify my S&R levels....
ICT's Market Maker Series - Part 4 Advanced Institutional Order Block Analysis.
This is a great resource to study SD zones. This guy calls them order blocks....in the end, as you said, SR, SD, OBA...it's about where are the buyers and the sellers. What I like about this presentation is that it takes into consideration stop hunts (the turtle soup pattern) in identifying order blocks.
If you got time on your hands and you want to see the whole MarketMaker series....it's a good resource in my opinion on SD trading.
In my research I found that a order block is more significant if when price leaves it it makes a micro gap / hidden gap.
Hope it helps!