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More simple is impossible

  • #5,341
  • Feb 4, 2016 2:28pm Feb 4, 2016 2:28pm
Quoting dee50
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....
Oh my... this chart is like a symphony. I would definitely took 2nd and 4th trade the same...

Quoting PhilippineFX
Dax....+51 +44 +11 -12 +64 +18.....this was a messy attempt to follow the obvious trend downward.do not try this at home{image}
What a riiiide... 176pips If I can count.I kind of wanted to try this at home ))
  • #5,342
  • Feb 5, 2016 2:06am Feb 5, 2016 2:06am
Quoting nuckern
{quote} Oh my... this chart is like a symphony. I would definitely took 2nd and 4th trade the same... {quote} What a riiiide... 176pips If I can count.I kind of wanted to try this at home ))
Thx for the kind words....hanging in is still a struggle for me on the HTF trades but bit by bit its coming. Trying to get to that stage 5 trading dee posted about a while back where this all becomes boring and effortless.....at the moment its still a white knuckle​ affair. Do not let the pip count fool you. It is a challenge trying to make this sustainable.
  • #5,343
  • Feb 5, 2016 3:06am Feb 5, 2016 3:06am
Quoting dee50
{quote} Really nice to see you back in the saddle. Thought you had over dosed on pasta and had joined a slim fit Jeans cult based in the mountains with no internet access.
nescentia necat
  • #5,344
  • Edited 3:28am Feb 5, 2016 3:08am | Edited 3:28am
watching for now
5m
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4H post #5315 update
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D
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nescentia necat
  • #5,345
  • Feb 5, 2016 3:17am Feb 5, 2016 3:17am
Dax......+19 -2 +18 +8
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  • #5,346
  • Feb 5, 2016 5:18am Feb 5, 2016 5:18am
Quoting dee50
GER30 +70+30. First trade looks like a late entry but it was not. It was a BPC entry so I waited for the breakout a pullback to the Red line and then the continuation. If you look at the MACD you will see the Continuation Pattern. {image}
Hey Dee50

you seem to be doing pretty well with this system, evolved as you've made it. I was wondering if you could post the Renko that you use because I continue to take them from this thread and keep getting the same non updating EA's.

If you've got a moment, please help me out.

Cheers!

P.S are you trading this live?
  • #5,347
  • Feb 5, 2016 8:13am Feb 5, 2016 8:13am
DAX +24 (live)

TL, S/R, 50level, 50FIb, Stoch comming from OS, Hidden DIV..
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  • #5,348
  • Feb 5, 2016 8:53am Feb 5, 2016 8:53am
Took 5 trades today (GER30): +12 +20 +11 +11 +14
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  • #5,349
  • Feb 5, 2016 9:19am Feb 5, 2016 9:19am
Done....

DAX30 -10 +10 -5 +23 +15 -2 +10 -5 +18 +10 +10 +5
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  • #5,350
  • Feb 5, 2016 10:07am Feb 5, 2016 10:07am
Philippine,
Would love to know what is it that you see that makes you enter a trade BEFORE price confirms a move with a closed color change candle?
I am missing something, as also MACD doesnt show a change of slope UNTIL such closed candles appear.

Many thanks



Quoting PhilippineFX
Dax......+19 -2 +18 +8{image}
  • #5,351
  • Feb 5, 2016 10:37am Feb 5, 2016 10:37am
Quoting davidbaxter
{quote} Hey Dee50 you seem to be doing pretty well with this system, evolved as you've made it. I was wondering if you could post the Renko that you use because I continue to take them from this thread and keep getting the same non updating EA's. If you've got a moment, please help me out. Cheers! P.S are you trading this live?
I am using Renkolivecharts pimped v4.13 and Renkolivecharts pimped v4.13.600, both can be found in the attachments section (paperclip). If neither of these work for you then unfortunately you are buggered.
If they do not work try MathTrader7, he has put together a couple of Renko EAs, he has a couple of separate threads based around them. Save you looking for them here is a link to the thread.

http://www.forexfactory.com/showthread.php?t=561530

PS. Yes, been alive for years.
Cut your Losers short and let your Winners run.
  • #5,352
  • Feb 5, 2016 3:41pm Feb 5, 2016 3:41pm
Quoting cfabian
Philippine, Would love to know what is it that you see that makes you enter a trade BEFORE price confirms a move with a closed color change candle? I am missing something, as also MACD doesnt show a change of slope UNTIL such closed candles appear. Many thanks {quote}
I watch the renco 10,5,3,1 as well as the M1.......i may post on the R5 chart but one of the LTF charts may have signaled a change.....do not forget the BRN,fib,S&R etc.
Remember when you are looking at the R10 there can be a 29 pip price swing without a color change....the R 5 can have a 14 pip swing etc etc....that`s where the LTF charts are used to fine tune the entry. Price may stall at the peak of the wick of a HTF brick for several minutes. I find staring at that wick to be confusing so dropping down to the R 3 or R1 is like using a zoom lens on PA.
Think about that R5 brick and its 15 pip range for a minute ...then imagine that same 15 pips on the R3 or R1.
The R5 is my main chart but I could not do this without paying close attention to ALL the others charts....also never take your eyes off the R10, even when scalping...
  • #5,353
  • Feb 5, 2016 5:24pm Feb 5, 2016 5:24pm
Quoting cfabian
I'm up overall, but its been a weird day. I trade with FXCM, and am experiencing a lot of "off quotes" to either open and close trades. Never happened before...
Hi Cfabian,

The "Off quotes" message means your order was canceled because the price available in the market was outside of the Maximum Deviation range you selected. The Maximum Deviation feature is designed to protect you from unwanted negative slippage which I discuss in this earlier post: http://www.forexfactory.com/showthre...04#post8733204

If you find you are getting the "Off quotes" message frequently, then this is an indication that your Maximum Deviation range is to low for the market conditions in which you are trading.

Note that unlike with some MT4 brokers, the Maximum Deviation on FXCM's MT4 platform only limits your negative slippage, not your positive slippage. You can still receive the full benefits of any positive slippage that's available in the market regardless of the Maximum Deviation range you choose: http://bit.ly/1KWaV8g
  • #5,354
  • Feb 7, 2016 10:07am Feb 7, 2016 10:07am
Quoting Matomi
Done.... DAX30 -10 +10 -5 +23 +15 -2 +10 -5 +18 +10 +10 +5 {image}
would you mind to share the indicator MACD and Renko block size, please.
  • #5,355
  • Feb 7, 2016 11:42am Feb 7, 2016 11:42am
Quoting FxMegaCB
{quote} would you mind to share the indicator MACD and Renko block size, please.
No problem, I use only 5 pips Renko and watch M1, too. MACD is NRP version, only different is changing colours, but parameters (7,10,5) are still same. BTW, I do not look on MACD anymore, I trade only pure PA - Cycles, S/R, BRNs, Fibonacci, that is all.
Attached File(s)
File Type: ex4 MACD NRP.ex4   37 KB | 391 downloads
File Type: mq4 MACD NRP.mq4   8 KB | 491 downloads
  • #5,356
  • Feb 7, 2016 3:27pm Feb 7, 2016 3:27pm
Quoting Matomi
{quote} No problem, I use only 5 pips Renko and watch M1, too. MACD is NRP version, only different is changing colours, but parameters (7,10,5) are still same. BTW, I do not look on MACD anymore, I trade only pure PA - Cycles, S/R, BRNs, Fibonacci, that is all. {file} {file}
No matter how you do this Matomi you are developing your own style. Well done.
  • #5,357
  • Feb 7, 2016 6:13pm Feb 7, 2016 6:13pm
Quoting Matomi
{quote} No problem, I use only 5 pips Renko and watch M1, too. MACD is NRP version, only different is changing colours, but parameters (7,10,5) are still same. BTW, I do not look on MACD anymore, I trade only pure PA - Cycles, S/R, BRNs, Fibonacci, that is all. {file} {file}
Thanks a lot man for sharing. All appreciated. And Thanks also for the feedback. wish you all the way green pips.
  • #5,358
  • Feb 8, 2016 3:15am Feb 8, 2016 3:15am
Dax30.... +12......just turned the computer on and jumped in all be it a little late than i would have liked....thought i would post the R1 chart so you can see my thinking on the close
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  • #5,359
  • Feb 8, 2016 3:32am Feb 8, 2016 3:32am
DAX (+10, +10 (instead of 25), -10, +20)

That's more like it! Nothing like some DAX action to brighten up this otherwise rainy morning. I'm back to MT4, I feel more comfortable trading directly from the renko charts. Seems like I have 2 TM running simultaneously , one of them in disguise. That is why it keeps moving my SL despite the fact that I correctly set it thanks to Dee. That's the reason of my early stop-out in +10 on the 2nd trade.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,360
  • Feb 8, 2016 3:33am Feb 8, 2016 3:33am
Dax 30....+84X2.......support was broken on the daily at 9220. Out at BRN
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