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  • #5,521
  • Feb 15, 2016 8:44am Feb 15, 2016 8:44am
GER30+27+22. That's a bit more like it, looks like some of the Americans are doing over time as volume and momentum picked up a bit. What is it Double Time for working on a Holiday or is it just a Day In Lieu? or do Bank Traders just have to suck it up and think about their bonuses?
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+27+22 150216.png Size: 33 KB
Cut your Losers short and let your Winners run.
  • #5,522
  • Feb 15, 2016 9:33am Feb 15, 2016 9:33am
GBPUSD (+10)

As Dee said, the US session surprised us. There was some nice momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 54 KB
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,523
  • Feb 15, 2016 10:10am Feb 15, 2016 10:10am
GBPUSD (+7, BE)

Definetly done for the day, I am glad that I did not trade the DAX today.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 56 KB
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,524
  • Edited 12:30pm Feb 15, 2016 12:09pm | Edited 12:30pm
Quoting BBalazs
GBPUSD (+7, BE) Definetly done for the day, I am glad that I did not trade the DAX today. {image}

This Hybrid of Renko Range I found today looks promising. (Goes in the Indicators Folder, attach to M1 chart calibrated as 3,5,10 not 30,50 100)
I toyed with 3 bricks Renko today and I was battered, so I'm sticking to 5 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO RANGE.png Size: 63 KB
Click to Enlarge Name: RENKO RANGE 1.png Size: 63 KB
Attached File(s)
File Type: mq4 RenkoRangeBarsV1.2 new format.mq4   16 KB | 394 downloads
Let it turn and find your entry.
  • #5,525
  • Feb 15, 2016 12:25pm Feb 15, 2016 12:25pm
Quoting Intrepidpips
{quote} I was battered, so I'm sticking to 5 pips {image} {image} {file}
Looking at those charts How did you get battered?? Every Divergence was a winner!
Cut your Losers short and let your Winners run.
  • #5,526
  • Feb 15, 2016 1:13pm Feb 15, 2016 1:13pm
Quoting Intrepidpips
{quote} This Hybrid of Renko Range I found today looks promising. (Goes in the Indicators Folder, attach to M1 chart calibrated as 3,5,10 not 30,50 100) I toyed with 3 bricks Renko today and I was battered, so I'm sticking to 5 pips {image} {image} {file}
Thanks, I'll check it out tomorrow
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,527
  • Edited 1:36am Feb 16, 2016 1:03am | Edited 1:36am
Quoting dee50
{quote} Looking at those charts How did you get battered?? Every Divergence was a winner!

The screenshots were taken with RenkoRange 5 pips.
The losses were majorly from 3 pips Renko,seems the 5 pips RenkoRange bars show Divergence clearer.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO RANGE 2.png Size: 67 KB
Let it turn and find your entry.
  • #5,528
  • Feb 16, 2016 2:47am Feb 16, 2016 2:47am
This Divergence thing is funny, my HTF did not give me Divergence to go long nor did the RenkoRange bar chart.
At the close of the FO bar, there was a sell divergence on the RenkoRange chart which I was cautious of since the FO bar was a Bullish Engulfing bar.
Since there was a bounce-off my 60SMA I went long but did not hold for a great ride because I was waiting for a HD, I guess I have to trust the range breakouts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1 4.png Size: 68 KB
Click to Enlarge Name: RENKO RANGE 4.png Size: 86 KB
Let it turn and find your entry.
  • #5,529
  • Feb 16, 2016 2:56am Feb 16, 2016 2:56am
Quoting Intrepidpips
{quote} The screenshots were taken with RenkoRange 5 pips. The losses were majorly from 3 pips Renko,seems the 5 pips RenkoRange bars show Divergence clearer. {image}
Now it makes sense. Thanks. The lower the time frame the less reliable divergence becomes almost to the point that "Noise" looks like divergence.
Cut your Losers short and let your Winners run.
  • #5,530
  • Feb 16, 2016 3:00am Feb 16, 2016 3:00am
Quoting Intrepidpips
This Divergence thing is funny, my HTF did not give me Divergence to go long nor did the RenkoRange bar chart. At the close of the FO bar, there was a sell divergence on the RenkoRange chart which I was cautious of since the FO bar was a Bullish Engulfing bar. Since there was a bounce-off my 60SMA I went long but did not hold for a great ride because I was waiting for a HD, I guess I have to trust the range breakouts. {image} {image}
Okay waiting for the Divergence to crystallize, caution though ADR 141 and today's range already 110
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO RANGE 5.png Size: 74 KB
Let it turn and find your entry.
  • #5,531
  • Feb 16, 2016 4:58am Feb 16, 2016 4:58am
Today for the first time i do my first big trade on Dax. 70 pips. Sell at red candle after pull back on ema 200 on renko5 and pull back on ema 50 on remko10, after the retracement at 50 Fibo. Sl 15 pips and take profit @ 127 fibo that was also an old low. Thanks Dee and thanks to all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DE.30.M3 5.png Size: 68 KB
Click to Enlarge Name: DE.30.M4 1b.PNG Size: 69 KB
  • #5,532
  • Feb 16, 2016 5:34am Feb 16, 2016 5:34am
Quoting Intrepidpips
{quote} Okay waiting for the Divergence to crystallize, caution though ADR 141 and today's range already 110 {image}
Back to my Renko bars seeing how unforced errors ruined my game, I see that there are enough easy set-ups on the Renko charts to take me to my destination.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 6.png Size: 97 KB
Let it turn and find your entry.
  • #5,533
  • Feb 16, 2016 6:06am Feb 16, 2016 6:06am
This should be the cure to my see-saw trading, actually drawing the fib retracement and expansion levels to allow for holding on for the big wins because the set-ups are very simple and repeat themselves every day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 7.png Size: 92 KB
Click to Enlarge Name: RENKO 8.png Size: 92 KB
Click to Enlarge Name: RENKO 9.png Size: 92 KB
Let it turn and find your entry.
  • #5,534
  • Edited 6:55am Feb 16, 2016 6:40am | Edited 6:55am
This is how yesterday should have played out (hindsight is always sweeter)

At FO, the divergence would have triggered a long and the Fib expansion would have aided an add-on and afforded a ride to R1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 10.png Size: 83 KB
Click to Enlarge Name: RENKO 11.png Size: 82 KB
Let it turn and find your entry.
  • #5,535
  • Feb 16, 2016 6:59am Feb 16, 2016 6:59am
Then today should have been a pips harvest on GU with one RD entry at FO and another @ LO with the bounce-off 60SMA TARGET AT Fib Expansion 1.618, then coming down again another pips haul, let,s see this play out again in real time see if I can spot and execute.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 12.png Size: 83 KB
Click to Enlarge Name: RENKO 13.png Size: 86 KB
Let it turn and find your entry.
  • #5,536
  • Feb 16, 2016 7:01am Feb 16, 2016 7:01am
Quoting matmomo
Today for the first time i do my first big trade on Dax. 70 pips. Sell at red candle after pull back on ema 200 on renko5 and pull back on ema 50 on remko10, after the retracement at 50 Fibo. Sl 15 pips and take profit @ 127 fibo that was also an old low. Thanks Dee and thanks to all. {image} {image}
Nice, looks like your TP got hit.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,537
  • Feb 16, 2016 7:06am Feb 16, 2016 7:06am
Quoting BBalazs
{quote} Nice, looks like your TP got hit.
Thanks BBalazs,
  • #5,538
  • Feb 16, 2016 7:24am Feb 16, 2016 7:24am
Dax 30 +15.....hard grind for this
Attached Image (click to enlarge)
Click to Enlarge Name: yyyyyy.PNG Size: 51 KB
  • #5,539
  • Feb 16, 2016 7:24am Feb 16, 2016 7:24am
What is up with DAX.? I thought that today there would be some action
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,540
  • Feb 16, 2016 7:41am Feb 16, 2016 7:41am
Quoting Intrepidpips
Then today should have been a pips harvest on GU with one RD entry at FO and another @ LO with the bounce-off 60SMA TARGET AT Fib Expansion 1.618, then coming down again another pips haul, let,s see this play out again in real time see if I can spot and execute. {image} {image}
Who wound have imagined?
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 15.png Size: 60 KB
Let it turn and find your entry.
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