respecting fibo levels and TL
nescentia necat
{quote} That is why averaging down is dangerous. You just don't know what is going to happen next. Nice trading, I'm glad you managed to dodge the Margin Call
Nuckern warned me about hedging a couple times, but my Demo trades were OK so why pay attention ? Why - because 9 times it goes well and on 10th you will blow up your account. For this time market forgive me, but next hedge could be my last and I am not gambler. From now fixed 10 pips SL, I am again one step farther... (I hope). cTrader is revolutionary platform, absolutelly matchless with MT4. Metatrader is old crap with tons of updates added to 20 years old codes, that is whole problem. I had some talk with my colleague coder and if we will find out how to code everything to cTrader (scripts, Renko charts), I will change MT4 by cTrader ASAP, mainly I am pleased about 2x lower ping like at Metatrader. But I think that indicator for renko charts in cTrader I have already post there is fully functional
{quote} Thank you man
Invincibility lies in the defence; the possibility of victory in the attack
{quote} It is functional, the problem is that it overlays the renkos on the chart like a MA, therefore, the Stochastic and MACD calculations will still be based on the time-dependent bars instead of renko bars.
Btw cTrader is still under development, maybe in the future they will add more variations of charts to basic options of platform. You know, the only disadvantage of cTrader is its cAlgo language, which is hundred times complicated than simple MQL4. So, it is more difficult code something when you were using Metatrader a couple of years. We will see, at this moment I have no reason to change platform, everything runs OK, but as I wrote - when my friend will code expert for renko or developers will add it to new version, there will be nothing to why not switch to faster, and more modern platform.
{quote} Well, that is really problem.... thanks for info
Dear Trader,
Renko bars are not implemented yet. We are going to implement them soon. Stay tuned. "
Dunno what does "soon" means to them! xD
- #5,328
- Edited 1:49am Feb 4, 2016 1:17am | Edited 1:49am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #5,329
- Feb 4, 2016 1:19am Feb 4, 2016 1:19am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
A trading tip fwiw.... On RENKO 10, or RENKO 5 for that matter, if you get a RENKO colour change as indicated with RED LINE with a MACD colour change BUT NO Stochastic crossing you have a pretty good signal. (So 3 things are required - colour change of renko bar and MACD with NO stochastic crossing) Divergence is the icing on the cake. Do your own back testing.....it's quite reliable. PM1 {image}
the 2B pattern is quite reliable especially with Divergence at a significant level.
Cut your Losers short and let your Winners run.
- #5,330
- Feb 4, 2016 1:46am Feb 4, 2016 1:46am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
respecting fibo levels and TL {image}
Thought you had over dosed on pasta and had joined a slim fit Jeans cult based in the mountains with no internet access.
Cut your Losers short and let your Winners run.
- #5,331
- Feb 4, 2016 2:13am Feb 4, 2016 2:13am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
GER30. +22+30. Although Stochs was OB the MACD told me that momentum was increasing, Blue Box. The clues are on the chart.
"PanamaMike" introduced the MACD with the current settings way back in 2014, and I am glad that he did, it has been a valuable addition to my trading setup. Belated thanks.
I must change back to the 5 pip chart, the 3 pip is great for fine tuning those entries but it is a bitch for psyching you out of a trade, small pullbacks look enormous. price went to where the TP was for my second trade, I got spoofed out of 20 pips.
Done for the day cu later.
"PanamaMike" introduced the MACD with the current settings way back in 2014, and I am glad that he did, it has been a valuable addition to my trading setup. Belated thanks.
I must change back to the 5 pip chart, the 3 pip is great for fine tuning those entries but it is a bitch for psyching you out of a trade, small pullbacks look enormous. price went to where the TP was for my second trade, I got spoofed out of 20 pips.
Done for the day cu later.
Cut your Losers short and let your Winners run.
- #5,335
- Feb 4, 2016 10:24am Feb 4, 2016 10:24am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Hi I'm new to trading with renko but I'm trying to read through all your comments and tips. I hope I draw the divergence right because I have never worked with divergences before..
If you are having trouble with divergence there are a few PDFs in the attachments section, pages 9 - 10 or here is a link to an earlier post.
http://www.forexfactory.com/showthre...63#post7914063
Cut your Losers short and let your Winners run.
- #5,336
- Feb 4, 2016 10:39am Feb 4, 2016 10:39am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
do not try this at home{image}
Cut your Losers short and let your Winners run.
- #5,337
- Feb 4, 2016 10:44am Feb 4, 2016 10:44am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
DAX30 -5 -10 -10 +15 +15 -10 +15 +33 +15 Done for today, lot of mistakes, that is reason why I am back on Demo this week, but fixed SL saved my ass many times again. {image} {image}
Cut your Losers short and let your Winners run.
- #5,338
- Feb 4, 2016 11:09am Feb 4, 2016 11:09am
{quote} Looked good to me.
I really appreciate your support, thanks!
{quote} Clearly a moment of Insanity on the first chart. But I can tell when you took the Prozac and when it finally kicked in
Btw nice trades everybody today, wish you also green pips tomorrow on the last day of week
