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  • #5,741
  • Mar 7, 2016 12:40pm Mar 7, 2016 12:40pm
Quoting BBalazs
XAUUSD (+15, +15) Scalping Gold is certainly slow, compared to DAX, but I feel more relaxed. {image}
Which Broker do you use and what is their spread for Gold?
Let it turn and find your entry.
  • #5,742
  • Mar 7, 2016 1:01pm Mar 7, 2016 1:01pm
Thank you Dee, your trading is really inspiring to all of us. I know I will master this market thanks to your help.

Best


Quoting dee50
{quote} Really Nice trades well taken, especially the DOW I saw it far too late to get an entry, but I thought it might pull the DAX up with it, no such luck.
  • #5,743
  • Mar 7, 2016 1:37pm Mar 7, 2016 1:37pm
Quoting Intrepidpips
{quote} Which Broker do you use and what is their spread for Gold?
Pepperstone, Edge account. They have around 1.2 pips spread which is pretty good. Plus no commission on Gold.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,744
  • Mar 7, 2016 2:12pm Mar 7, 2016 2:12pm
DAX30 +10, one more and sweet dreams, see you tomorrow...
Attached Image (click to enlarge)
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  • #5,745
  • Mar 7, 2016 2:17pm Mar 7, 2016 2:17pm
GER30 + 30, late trade. On renko 10 i saw the price has reached top of my channel, also a Hidden divergence. On renko5, i spotted a 1-2-3 pattern, then side action, rollover. My entry was not great as I am still slow to react and i hesitated too much. Target was BRN which was around 61.8% retrace on the fib for today's whole up move.
Best, Josh
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+30.png Size: 104 KB
  • #5,746
  • Mar 7, 2016 3:14pm Mar 7, 2016 3:14pm
Guys. Please give a template and indicators. The computer is dead and everything was erased. Search takes a long time.
Thank you in advance.
  • #5,747
  • Mar 7, 2016 3:36pm Mar 7, 2016 3:36pm
Quoting Intrepidpips
{quote} That was very informative i'd been trying to tweak the 1st parameter and found it only accepts 0 or 1 now I know why. It's a real priceless filter because it ............... #1 does not repaint color on any CLOSED BAR #2 may lag the MACD and Stoch crosses by 1 or 2 bars but it keeps me from entering alittle too early befor the move has really heated up. You can play around with the settings here's mine for Renko 5, 8 & 10

Little mix-up there, the Length is 2 and another BE, I think I have about had it with moving to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 30.png Size: 92 KB
Let it turn and find your entry.
  • #5,748
  • Mar 7, 2016 4:10pm Mar 7, 2016 4:10pm
Quoting BBalazs
{quote} Pepperstone, Edge account. They have around 1.2 pips spread which is pretty good. Plus no commission on Gold.

Same Broker m8, should try gold out sometime soon.
Let it turn and find your entry.
  • #5,749
  • Mar 7, 2016 4:17pm Mar 7, 2016 4:17pm
Quoting vonamsu
Guys. Please give a template and indicators. The computer is dead and everything was erased. Search takes a long time. Thank you in advance.
See the attachment icon at top right of this page? Everything is there. Best, Josh
  • #5,750
  • Mar 7, 2016 5:11pm Mar 7, 2016 5:11pm
What each variable means? Any explanation on them?

I probably wait 10-15 pips to move to BE. Those were pretty good entries.

Do you use same settings for DAX?


Quoting Intrepidpips
{quote} Little mix-up there, the Length is 2 and another BE, I think I have about had it with moving to BE. {image}
  • #5,751
  • Mar 7, 2016 11:18pm Mar 7, 2016 11:18pm
Quoting Intrepidpips
{quote} Little mix-up there, the Length is 2 and another BE, I think I have about had it with moving to BE. {image}
That Absolute Strength Meter seems to give a signal on every second same colored renko brick.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,752
  • Mar 8, 2016 12:39am Mar 8, 2016 12:39am
Quoting cfabian
What each variable means? Any explanation on them? I probably wait 10-15 pips to move to BE. Those were pretty good entries. Do you use same settings for DAX? {quote}
The variables are explained on this forum (at the bottom of the page)

http://fxprosystems.com/absolute-strength-histogram/

Same settings for DAX 5, 8 or 10 pips Renko
Let it turn and find your entry.
  • #5,753
  • Mar 8, 2016 1:05am Mar 8, 2016 1:05am
Quoting BBalazs
{quote} That Absolute Strength Meter seems to give a signal on every second same colored renko brick.
Good observation, price has a habit of fooling all indicators, we only need them to confirm our bias or filter out wrong signals, the best filters will probably get you into trades late, shaving out valuable points in the process of keeping you out of wrong signals.

Price Action Analysis is king if you can master it you probably wont need indicators.
Let it turn and find your entry.
  • #5,754
  • Mar 8, 2016 2:10am Mar 8, 2016 2:10am
Quoting Intrepidpips
I did not take a live trade today as i was just missing my entries by one or 2 bricks so I decided to just observe the market and my set-ups. I noticed to my dismay that although the MACD nrp was not repainting direction , it was repainting crossing and color, so I had to remove the colors and signal MA so I would only rely on MACD for direction and the Stoch crossing for trigger. I found the Stoch cross indie to be useful for this but problem is same settings give different results between live and demo accounts {image} {image} {file}
The NRP MACD does not reapint after the renko brick forms. It paints itself as long as the brick forms.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,755
  • Edited 2:25am Mar 8, 2016 2:12am | Edited 2:25am
Quoting Intrepidpips
{quote} Good observation, price has a habit of fooling all indicators, we only need them to confirm our bias or filter out wrong signals, the best filters will probably get you into trades late, shaving out valuable points in the process of keeping you out of wrong signals. Price Action Analysis is king if you can master it you probably wont need indicators.
I'm thinking it's time I had more confidence in my divergence set-ups and squeeze out more pips than wait for the absolute strength hist confirmation.
It is looking to me that once I'm sure of the divergence all I need to do is wait for the stoch crossing no need for the absolute strength histo (when it's divergence). I think it's robing me of 5 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 31.png Size: 85 KB
Let it turn and find your entry.
  • #5,756
  • Mar 8, 2016 2:23am Mar 8, 2016 2:23am
Quoting BBalazs
{quote} The NRP MACD does not reapint after the renko brick forms. It paints itself as long as the brick forms.
Honestly I've witnessed it repaint color, it has not repainted the direction but the color and even the MA cross has repainted after 2 bricks right in front of my eyes. Perhaps if I tried the Renko live charts pimped this wont be the case.
Let it turn and find your entry.
  • #5,757
  • Mar 8, 2016 2:28am Mar 8, 2016 2:28am
daxy daxy
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nescentia necat
  • #5,758
  • Mar 8, 2016 2:30am Mar 8, 2016 2:30am
Dax +20 +25
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  • #5,759
  • Mar 8, 2016 2:30am Mar 8, 2016 2:30am
Quoting Intrepidpips
{quote} I'm thinking it's time I had more confidence in my divergence set-ups and squeeze out more pips than wait for the absolute strength hist confirmation. It is looking to me that once I'm sure of the divergence all I need to do is wait for the stoch crossing no need for the absolute strength histo (when it's divergence). I think it's robing me of 5 pips. {image}
Indeed it does. The Stochastic turns down on the first renko color change if it's above 90 / below 10, below / above it, it will turn on the second. Just a phenomenon I observed.
Invincibility lies in the defence; the possibility of victory in the attack
  • #5,760
  • Mar 8, 2016 2:55am Mar 8, 2016 2:55am
Quoting BBalazs
{quote} Indeed it does. The Stochastic turns down on the first renko color change if it's above 90 / below 10, below / above it, it will turn on the second. Just a phenomenon I observed.
I can confirm that, what a pity I'm wasting all these chances whining about indicators lag.

Double bottom forming.....
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 32.png Size: 92 KB
Let it turn and find your entry.
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