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  • #5,421
  • Feb 9, 2016 3:56am Feb 9, 2016 3:56am
Quoting PhilippineFX
Dax 30...+33 +5 +6 +9 +17 -3 +8 +39 +23 -17 +7 +12 +8 BE+1 + 12 Today's trading was inspired by Van Gogh`s Starry Night....he painted this from the window of his room while interned in an insane asylum. Had something to do with a missing ear incident.{image}{image}
You need to put Less lubricant on your mouse button, have you not noticed that every time you click on it it is opening 3 or 4 trades at a time!!
Cut your Losers short and let your Winners run.
  • #5,422
  • Feb 9, 2016 3:57am Feb 9, 2016 3:57am
Quoting dee50
{quote} I have!!! I remember back in 2009 I was trading the E-Mini S&P, the Red and Green Bars were jumping all over the screen, it was like being in a Disco, I think you youngsters call them Clubs now, we had clubs in my day but they were used for hunting for a wife.
someone has to fill the micro-gaps
  • #5,423
  • Feb 9, 2016 4:00am Feb 9, 2016 4:00am
Quoting dee50
{quote} You need to put Less lubricant on your mouse button, have you not noticed that every time you click on it it is opening 3 or 4 trades at a time!!
i need a heads up mouse that is controlled by blinking...:nerd:
  • #5,424
  • Feb 9, 2016 4:02am Feb 9, 2016 4:02am
Quoting BBalazs
DAX (BE, BE, -10, +13) Damnit, it is frustrating to miss on 30+ points moves because you are slow. This morning is not as pretty as yesterday's, we are ranging big time. My loser was my mistake, I was mad af because of the 2 missed profitable trades, so I was kind of taking a revenge on the market. Well, the joke is on me though {image}
Stop whining. There will be at least another 20 opportunities to enter in the next 4 hrs on a 5 pip chart.

The consequences of Revenge Trading are almost always as painful as a Revenge F_ck, both normally require medication afterwards.
Cut your Losers short and let your Winners run.
  • #5,425
  • Feb 9, 2016 4:06am Feb 9, 2016 4:06am
Quoting dee50
{quote} Stop whining. There will be at least another 20 opportunities to enter in the next 4 hrs on a 5 pip chart. The consequences of Revenge Trading are almost always as painful as a Revenge F_ck, both normally require medication afterwards.
hahahaha....i laughed out loud on that one........so true,,,,,sounds like the voice of experience....
  • #5,426
  • Feb 9, 2016 4:50am Feb 9, 2016 4:50am
Ha ha... coffee all over my monitor now

Quoting dee50
{quote} Stop whining. There will be at least another 20 opportunities to enter in the next 4 hrs on a 5 pip chart. The consequences of Revenge Trading are almost always as painful as a Revenge F_ck, both normally require medication afterwards.
Less is more...
  • #5,427
  • Feb 9, 2016 4:51am Feb 9, 2016 4:51am
Quoting dee50
{quote} Stop whining. There will be at least another 20 opportunities to enter in the next 4 hrs on a 5 pip chart. The consequences of Revenge Trading are almost always as painful as a Revenge F_ck, both normally require medication afterwards.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,428
  • Feb 9, 2016 5:06am Feb 9, 2016 5:06am
Quoting dee50
{quote} Stop whining. There will be at least another 20 opportunities to enter in the next 4 hrs on a 5 pip chart. The consequences of Revenge Trading are almost always as painful as a Revenge F_ck, both normally require medication afterwards.
Why didn`t someone tell me we could say​ fuck here???
  • #5,429
  • Feb 9, 2016 5:09am Feb 9, 2016 5:09am
Quoting dee50
{quote} 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.

Ha thanks Dee50 for that, while I was waiting for your response, I went through the whole thread and got it. I'm actually using this one now...
http://www.forexfactory.com/showthre...20#post8652820
  • #5,430
  • Feb 9, 2016 5:16am Feb 9, 2016 5:16am
Quoting PhilippineFX
{quote} Why didn`t someone tell me we could say​ fuck here???
I did not know it is allowed.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,431
  • Feb 9, 2016 5:19am Feb 9, 2016 5:19am
dax 30.....+15 +14 +21 -2 +16[attach]
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  • #5,432
  • Feb 9, 2016 5:51am Feb 9, 2016 5:51am
DAX (+14) I don't like to trade right before 1pm as it is lunch time in London, but it seemed like a nice opportunity.
Attached Image (click to enlarge)
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,433
  • Feb 9, 2016 6:06am Feb 9, 2016 6:06am
Hi traders I think I've found a home here, previously I'd given up on Renko charting after I had issues with repainting, but what you guys have here is as good as it gets.
Thanks to dee50, PhilippineFx, Matomi and all other contributors not forgetting the Op.

Did 20+ on Demo today and the trading day's still young.
BTW I use math trader 7 Non gap Renko chart EA, what are your experiences with it? I see you you favour the Renko live charts pimped.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO WONDER 2.png Size: 90 KB
Let it turn and find your entry.
  • #5,434
  • Feb 9, 2016 6:24am Feb 9, 2016 6:24am
Quoting Intrepidpips
Hi traders I think I've found a home here, previously I'd given up on Renko charting after I had issues with repainting, but what you guys have here is as good as it gets. Thanks to dee50, PhilippineFx, Matomi and all other contributors not forgetting the Op. Did 20+ on Demo today and the trading day's still young. BTW I use math trader 7 Non gap Renko chart EA, what are your experiences with it? I see you you favour the Renko live charts pimped. {image}
Repainting is kind of annoying, you can't really make a backtest. Then again, you could not even make one if you wanted to, as you can't replicate what is going on inside your head at that particular moment when you decide whether to take the trade or not.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,435
  • Feb 9, 2016 6:31am Feb 9, 2016 6:31am
DAX (+20)

A quickie in the lunch brake I would prefer the other type of quickie though. Well, you take what you can get.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #5,436
  • Feb 9, 2016 6:35am Feb 9, 2016 6:35am
Renko charts allow the MACD to remain true to it's name "Moving Average Convergence and Divergence" and you can reliably catch tops and bottoms with Divergence and ride continuations with nrp color change. as always trade with a SL as price can turn at will.

Renko rules
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO WONDER 3.png Size: 148 KB
Let it turn and find your entry.
  • #5,437
  • Edited 10:09am Feb 9, 2016 7:55am | Edited 10:09am
great trading everyone!

trades so far

25,-10, 28, 12

EDIT:

34, 23 and tons of BEs ... total 112p
Attached Image(s) (click to enlarge)
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  • #5,438
  • Feb 9, 2016 2:31pm Feb 9, 2016 2:31pm
Good day to all. First off thanks Friska, Dee and others for your insights on my charts. Very helpful.

I need your help on this big issue I am encountering in my trading. The thing is that I tend to have a bias in the direction of the day, and find it difficult to spot a counter trade, or when the trend has changed within the intraday trading. Many of these moves are worth 50-100 pips, which is a lot. My goal is to master this intraday trading, and only in DAX and DOW, for a sweet 70 - 100 pips a day. So it is crucial to learn to trade in both directions within a trading sesion.

Thanks in advance for your kind suggestions.
  • #5,439
  • Feb 9, 2016 6:09pm Feb 9, 2016 6:09pm
Quoting cfabian
Good day to all. First off thanks Friska, Dee and others for your insights on my charts. Very helpful. I need your help on this big issue I am encountering in my trading. The thing is that I tend to have a bias in the direction of the day, and find it difficult to spot a counter trade, or when the trend has changed within the intraday trading. Many of these moves are worth 50-100 pips, which is a lot. My goal is to master this intraday trading, and only in DAX and DOW, for a sweet 70 - 100 pips a day. So it is crucial to learn to trade in both directions...

If you have problems to recognize trend change look for Higher Highs/Higher Lows as possible uptrend and Lower Highs/Lower Lows for a downtrend. That's not a bad thing for a start.
  • #5,440
  • Feb 10, 2016 1:57am Feb 10, 2016 1:57am
Quoting cfabian
Good day to all. First off thanks Friska, Dee and others for your insights on my charts. Very helpful. I need your help on this big issue I am encountering in my trading. The thing is that I tend to have a bias in the direction of the day, and find it difficult to spot a counter trade, or when the trend has changed within the intraday trading. Many of these moves are worth 50-100 pips, which is a lot. My goal is to master this intraday trading, and only in DAX and DOW, for a sweet 70 - 100 pips a day. So it is crucial to learn to trade in both directions...
You might need to learn how to spot Divergence and Double Top/Bottom patterns. when divergence coincides with Double top/bottom patterns 8 out of 10 times you have a reversal.
If you ask me they are very reliable and a must have in your arsenal, thanks for the nrp MACD settings from this thread, I have an additional tool for spotting Divergence.
With Renko you will develop your own patterns with degrees of accuracy that will give you the edge you desire.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO WONDER 4.png Size: 91 KB
Let it turn and find your entry.
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