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More simple is impossible

  • #6,301
  • Mar 24, 2016 3:18am Mar 24, 2016 3:18am
Quoting mokuro89
{quote} Hi Can I ask how you get on your renko brick size? Im finding trouble on deciding best brick size for some pairs thanks!
I look to the ADR (Average Daily Range) and how many pips I really need to fill my tank for the day, DAX for instance is a Monster when it comes to ADR so 5 or 8 or even 10 would make for less whipsaws.
What you need to see too becomes clearer with higher brick size, but for pairs like EURUSD with low ADR higher brick size may shut you out of entry opportunities except you want to enter and forget, leave your trades to run for days.

See the attached charts, the Renko 2 for EURUSD had more entry opportunities than the Renko 5, if you needed 10 or 20 pips for the day it would give you a better fighting chance than the Renko 5.

I hope you understand my reasoning now?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 65.png Size: 89 KB
Click to Enlarge Name: RENKO 70.png Size: 70 KB
Let it turn and find your entry.
  • #6,302
  • Mar 24, 2016 3:50am Mar 24, 2016 3:50am
Ger30 +34. Hdiv on 5 at 10000 BRN, in a well established downtrend. Target was 50% htf retracement...second target would have been next brn. Nothing spectacular, but for me, a good start of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: ger30+34.png Size: 120 KB
  • #6,303
  • Mar 24, 2016 3:53am Mar 24, 2016 3:53am
I think I'm under utilizing this potent weapon, I should scalp the RDs 2 or 3 bricks and hold the HDs to the Fib extension levels.
Missed the entry before FO by 2 bars and I hate getting in after the appropriate signal, it sends me into account depletion mode
I passed on the 3rd chance as I am not happy with myself for failing to draw the Fib ext to set my target, 4th one just skeptical it might turn out to be a range before the news release.

I plan to wait till after the news for a HD to follow the trend direction.

Seems the MACD divergences are much more reliable than the Stochs
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 71.png Size: 90 KB
Let it turn and find your entry.
  • #6,304
  • Mar 24, 2016 3:57am Mar 24, 2016 3:57am
Quoting Intrepidpips
I think I'm under utilizing this potent weapon, I should scalp the RDs 2 or 3 bricks and hold the HDs to the Fib extension levels. Missed the entry before FO by 2 bars and I hate getting in after the appropriate signal, it sends me into account depletion mode I passed on the 3rd chance as I am not happy with myself for failing to draw the Fib ext to set my target, 4th one just skeptical it might turn out to be a range before the news release. I plan to wait till after the news for a HD to follow the trend direction. Seems the MACD divergences...
That was Renko 3
Let it turn and find your entry.
  • #6,305
  • Mar 24, 2016 4:29am Mar 24, 2016 4:29am
Quoting mojepole
{quote} Hi DEE50, May I ask You to show Your set up of milaneseAPTM_244. thank You in advance mojepole
Same settings as for 218! There are additional features in 244, just do not enable them.

Did this post not long ago all I did was use the search box, Top LH, and put in APTM and hey presto there was the link.

http://www.forexfactory.com/showthre...99#post8796099

NOTE FOR EVERY ONE. If you have down loaded the new version, read the bloody "version amendment notes" they tell you what has changed and how to use it.

EDIT. I have compiled the version notes into a PDF, now you have no excuse. Just read them in conjunction with the other APTM instructions.
Attached File(s)
File Type: pdf APTM All pair Trade Manager.pdf   33 KB | 724 downloads
Cut your Losers short and let your Winners run.
  • #6,306
  • Mar 24, 2016 4:44am Mar 24, 2016 4:44am
Quoting Intrepidpips
{quote} I look to the ADR (Average Daily Range) and how many pips I really need to fill my tank for the day, DAX for instance is a Monster when it comes to ADR so 5 or 8 or even 10 would make for less whipsaws. What you need to see too becomes clearer with higher brick size, but for pairs like EURUSD with low ADR higher brick size may shut you out of entry opportunities except you want to enter and forget, leave your trades to run for days. See the attached charts, the Renko 2 for EURUSD had more entry opportunities than the Renko 5, if you needed...
great explanation , thanks.
Cut your Losers short and let your Winners run.
  • #6,307
  • Mar 24, 2016 5:00am Mar 24, 2016 5:00am
Quoting Intrepidpips
I think I'm under utilizing this potent weapon, I should scalp the RDs 2 or 3 bricks and hold the HDs to the Fib extension levels. Missed the entry before FO by 2 bars and I hate getting in after the appropriate signal, it sends me into account depletion mode I passed on the 3rd chance as I am not happy with myself for failing to draw the Fib ext to set my target, 4th one just skeptical it might turn out to be a range before the news release. I plan to wait till after the news for a HD to follow the trend direction. Seems the MACD divergences...
Don't know if you noticed, but the first Stochs divergence you have shown was actually 2 divergences, the first was a H Div and the second was a R Div, you marked it as a single H Div, which it wasn't, in order to join the 2 points you had to draw the line thru another swing.

Stochs Divergences in or at the OS/OB level should be treated with caution, my experience has been that they are unreliable, however, when the first swing terminates in OB/OS and the second swing terminates below the 80/ above the 20 then they are much more reliable.
Cut your Losers short and let your Winners run.
  • #6,308
  • Mar 24, 2016 5:01am Mar 24, 2016 5:01am
Quoting dee50
{quote} great explanation , thanks.

You know you are the Dean
Let it turn and find your entry.
  • #6,309
  • Mar 24, 2016 5:14am Mar 24, 2016 5:14am
Quoting Intrepidpips
{quote} Triple and Double Bottom/Top Divergence are a sure clue to key turning points, one just has to zoom out to find them I think that is what my second monitor should be for, zooming out. {image}

I spotted the double bottom but the voice inside was saying "Red Letter News coming" up so I stayed out.
Seems I'm not so pips hungry or why am I leaving so many chances go?

Somethings got to give.

Heading for a holiday with the family from tomorrow, enjoy your holiday guys
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 72.png Size: 88 KB
Let it turn and find your entry.
  • #6,310
  • Mar 24, 2016 5:34am Mar 24, 2016 5:34am
Quoting erkro
{quote} Hi Dee, I don't know if it is allowed to post names of brokers, because I don't write very often in FF, so I don't know the rules exactly. Ok, no problem worst case is, that they will delete my post! I use fxpr... for the dax, because the price is nearby realtime, of course it is also not realtime, but there are not so big differences. Oand... (no mt4) hast a differnce of around 4-6 points to Fxpr..., and Activtr..... Look at the price now exactly at 08:30 CET FXpr...: 9955,58 Activtr........ 9994 Oa...: 9961 I think that some points...
Thanks for the info Erkro. Just to clarify, what are you using as the "realtime" data comparison, I've looked at the Borse Frankfurt site but their data is delayed?

Don't forget that there has always been a difference in prices between Futures and Forex, for example, the EURUSD (Forex) and 6E (eurusd Futures) there has always been a 4 - 8 pip difference, then there is the FDAX (Futures) and the Forex DAX the differences there fluctuate wildly depending on which Forex Broker you are looking at, mainly I think because the Forex DAX is not a true instrument (CFDs) which has been created by the individual brokers rather than by the ECNs where as the FDAX is a direct derivative created by the Exchange (CME).
Cut your Losers short and let your Winners run.
  • #6,311
  • Mar 24, 2016 5:35am Mar 24, 2016 5:35am
Quoting dee50
{quote} Don't know if you noticed, but the first Stochs divergence you have shown was actually 2 divergences, the first was a H Div and the second was a R Div, you marked it as a single H Div, which it wasn't, in order to join the 2 points you had to draw the line thru another swing. Stochs Divergences in or at the OS/OB level should be treated with caution, my experience has been that they are unreliable, however, when the first swing terminates in OB/OS and the second swing terminates below the 80/ above the 20 then they are much more reliable....

Thanks for drawing my attention to this, yeah you are right I disregarded the first Divas the MACD did not quite align, the second one was hugely pointed out by the MACD an I tried to agree the Stochs with it, I shouldn't have.
I know I still have a lot to cover on the subject of Trend, Regular and Hidden Divergence, sure should do the swotting.

I think I've come to the conclusion that the MACD divergences are more reliable
Let it turn and find your entry.
  • #6,312
  • Mar 24, 2016 5:42am Mar 24, 2016 5:42am
Quoting Intrepidpips
{quote} I spotted the double bottom but the voice inside was saying "Red Letter News coming" up so I stayed out. Seems I'm not so pips hungry or why am I leaving so many chances go? Somethings got to give. Heading for a holiday with the family from tomorrow, enjoy your holiday guys {image}
Perfect example of what I was trying to explain, now I do not have to do a chart example.

Your Double Bottom (nothing personal) illustrates exactly what I was saying about Stochs Divergence being formed with 1st swing in OS and the 2nd swing forming above the 20, that's what I would define as the perfect Stochs Divergence. And the reverse applies for the 3rd Divergence on the chart which is a H Div, 1st swing above the 20, 2nd swing inside the OS with lots of angle on the divergence line.
Cut your Losers short and let your Winners run.
  • #6,313
  • Mar 24, 2016 5:55am Mar 24, 2016 5:55am
Awesome tip, pinned it. Thank you.

Quoting dee50
{quote} Perfect example of what I was trying to explain, now I do not have to do a chart example. Your Double Bottom (nothing personal) illustrates exactly what I was saying about Stochs Divergence being formed with 1st swing in OS and the 2nd swing forming above the 20, that's what I would define as the perfect Stochs Divergence. And the reverse applies for the 3rd Divergence on the chart which is a H Div, 1st swing above the 20, 2nd swing inside the OS with lots of angle on the divergence line.
Hidden in plain sight.
  • #6,314
  • Mar 24, 2016 5:58am Mar 24, 2016 5:58am
Example on yesterday's dax renko10 top.

Quoting dee50
{quote} Perfect example of what I was trying to explain, now I do not have to do a chart example. Your Double Bottom (nothing personal) illustrates exactly what I was saying about Stochs Divergence being formed with 1st swing in OS and the 2nd swing forming above the 20, that's what I would define as the perfect Stochs Divergence. And the reverse applies for the 3rd Divergence on the chart which is a H Div, 1st swing above the 20, 2nd swing inside the OS with lots of angle on the divergence line.
Attached Image (click to enlarge)
Click to Enlarge Name: ac5ee041eb54d721c0be5ede88be0751.png Size: 70 KB
Hidden in plain sight.
  • #6,315
  • Mar 24, 2016 5:58am Mar 24, 2016 5:58am
Quoting dee50
{quote} Perfect example of what I was trying to explain, now I do not have to do a chart example. Your Double Bottom (nothing personal) illustrates exactly what I was saying about Stochs Divergence being formed with 1st swing in OS and the 2nd swing forming above the 20, that's what I would define as the perfect Stochs Divergence. And the reverse applies for the 3rd Divergence on the chart which is a H Div, 1st swing above the 20, 2nd swing inside the OS with lots of angle on the divergence line.

Many thanks for the eye-opener.
Talk about perfect Divergence look where price has gone now from that Double Bottom. Another one for the arsenal from the Dean of pipsing, the things we need to look for on our charts are getting more apparent daily.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 73.png Size: 86 KB
Let it turn and find your entry.
  • #6,316
  • Mar 24, 2016 6:06am Mar 24, 2016 6:06am
Quoting jakucha
Example on yesterday's dax renko10 top. {quote} {image}
Exactly, a perfect spot to pull the trigger without thinking twice and milking for every available point.
Let it turn and find your entry.
  • #6,317
  • Mar 24, 2016 7:00am Mar 24, 2016 7:00am
Lame session for me, 0 action in both DAX and Gold. Hope you all had a better one.
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,318
  • Mar 24, 2016 7:17am Mar 24, 2016 7:17am
Absolutely fascinating. I have been watching a comparison of a live price direct from Borse Frankfurt and my MT4 chart. There is absolutely NO relationship between the PA, when the Borse was going down MT4 was going up and vice versa, MT4 was moving 10 pips when Borse only changed 1 - 2 pips. Note that Borse price is well below the BRN and the MT4 price is 10 pips above, infact the overall pips difference is 38.08 pips. What the hell are we trading!!!

I have to assume that the majority of traders are looking at similar charts to us other wise there would not be a reaction at the BRNs and S&Rs. One thing is for certain we are not trading the DAX, we are trading some thing but it is entirely fictitious.

All that being said, I am making bucket loads of money so I do not care, as long as my orders are filled when I expect them to be that is all that is important.

That explains the missing data, it is like editing a paragraph or spell checking, you go back after you have written it and correct the errors, although, when the errors occur in trading at key levels and prompt a load of traders to enter on a signal and then a bit later that signal has been edited out, now I call that fraud!!

If you would like a laugh, here is the link to the live Borse, the chart is useless but the big numbers on the right is the actual price.

Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news
Attached Image (click to enlarge)
Click to Enlarge Name: PA comparison.png Size: 47 KB
Cut your Losers short and let your Winners run.
  • #6,319
  • Mar 24, 2016 7:20am Mar 24, 2016 7:20am
Quoting dee50
Absolutely fascinating. I have been watching a comparison of a live price direct from Borse Frankfurt and my MT4 chart. There is absolutely NO relationship between the PA, when the Borse was going down MT4 was going up and vice versa, MT4 was moving 10 pips when Borse only changed 1 - 2 pips. Note that Borse price is well below the BRN and the MT4 price is 10 pips above, infact the overall pips difference is 38.08 pips. What the hell are we trading!!! I have to assume that the majority of traders are looking at similar charts to us other wise there...
WTH, you don't even trade a real market, yet you are making money. If I was to draw a random line chart, I bet you would be able to squeeze some dollars out of it as well Jokes aside, it is interesting and disturbing at the same time.

It makes me wonder why do they call it the DAX (the thing we are trading). You could stick a random name on it since it has nothing to do with the actual DAX index.

Quoting dee50
Absolutely fascinating. I have been watching a comparison of a live price direct from Borse Frankfurt and my MT4 chart. There is absolutely NO relationship between the PA, when the Borse was going down MT4 was going up and vice versa, MT4 was moving 10 pips when Borse only changed 1 - 2 pips. Note that Borse price is well below the BRN and the MT4 price is 10 pips above, infact the overall pips difference is 38.08 pips. What the hell are we trading!!! I have to assume that the majority of traders are looking at similar charts to us other wise there...
BTW, did you watch the intraday chart? 1 pip renko might move a lot faster than the intraday chart.
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,320
  • Mar 24, 2016 7:41am Mar 24, 2016 7:41am
Quoting BBalazs
{quote} WTH, you don't even trade a real market, yet you are making money. If I was to draw a random line chart, I bet you would be able to squeeze some dollars out of it as well Jokes aside, it is interesting and disturbing at the same time. It makes me wonder why do they call it the DAX (the thing we are trading). You could stick a random name on it since it has nothing to do with the actual DAX index. {quote} BTW, did you watch the intraday chart? 1 pip renko might move a lot faster than the intraday chart.
I was watching the big numbers, the actual price, I just changed my MT4 price to 1 pip renko just to get a better visualization of what was happening.
Cut your Losers short and let your Winners run.
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