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  • #6,661
  • Apr 14, 2016 6:11am Apr 14, 2016 6:11am
Hi guys, long time no post

Let's see if this can play out.
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Hidden in plain sight.
  • #6,662
  • Apr 14, 2016 9:27am Apr 14, 2016 9:27am
GER30+28+35+1+17+18. Almost embarrassing to present a pip total like this, only redeeming feature is I upped the lots to garner some extra pips. Waiting for that breakout was like watching paint dry but we had a clear triangle so I was able to get 1 trade inside, I could have gotten a couple more but to be honest I just didn't "Feel It". Perhaps I should have just forgotten every thing I have learnt over the last ten years and used a completely different chart set up, and then I would have been guaranteed to make at least 10% of my account
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Cut your Losers short and let your Winners run.
  • #6,663
  • Apr 14, 2016 9:31am Apr 14, 2016 9:31am
Quoting des_b
{quote} Dee, Great Trading once again, could I ask what your thinking was in cutting the trades at 5 pips, I am pretty sure I would have tried to let these run and suffered the BE+2 or loss. What made you decide to cut these, I have looked at the chart but cannot see any obvious loss of momentum, div's or other indications of a reversal, know I am missing something obvious but just cannot see it just now, cheers for any help Des
The APTM does not put a Trade line on the chart for Partial TPs so once set you can not change it.
Cut your Losers short and let your Winners run.
  • #6,664
  • Apr 14, 2016 11:18am Apr 14, 2016 11:18am
I should have bagged more pips but having been away for some time I thought some fresh eyes could tweak the system further and I only ended up distracting myself, at one instance I even tried optimizing a trade manger but it was really frustrating.
Oh and fooling around with the Demo account also contributes.
Looks like I at times follow dee's new signature "cut my winners short and let my losers run" I plead a change of that signature

Total for the day a paltry 10.7.
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Let it turn and find your entry.
  • #6,665
  • Apr 14, 2016 6:44pm Apr 14, 2016 6:44pm
Good morning Traders.

Thanks a lot Intredpidpips... At last a chart I can follow and read clearly.

Actually you did fine scoring 10 pips on this pair because it has been as flat as a tack and keeps correcting. So well done.

Can you please explain what triggers your entries and why so?

I must have missed something in these 6.5K posts.
  • #6,666
  • Apr 14, 2016 7:33pm Apr 14, 2016 7:33pm
OK here we go with two trades for the start of the day.

Everything you need to know is on this chart but I have not drawn in the second trade, I'll leave that for you to work out because it is easy. A tip is that it is going to go beyond 10% profit.
  • #6,667
  • Apr 14, 2016 7:43pm Apr 14, 2016 7:43pm
Sorry guys the chart didn't paste now I have to let the cat out of the bag because the chart has moved on...
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  • #6,668
  • Apr 14, 2016 8:00pm Apr 14, 2016 8:00pm
Almost every morning (Asian Open) we can catch these moves adding at least 25% to our accounts. The risk is an initial 5% but rarely would we lose this because we bail out if we are wrong.

You have to look at the averages and the break or failure to break thereof.

The Quartile simple sets up the space required for the 5% increments.

The RSI is telling us where the supports and resistance points are...Nothing to do with tops and bottoms.

I have a question for you Renko guys... Does a Renko chart change the way an EMA is formed, eg How are the averages worked out if each bar is the same?
  • #6,669
  • Apr 14, 2016 8:54pm Apr 14, 2016 8:54pm
Look at this trade after trade... So far 1 short and 3 longs. The middle long has made a fortune, it looks the smallest but it has the largest lot size on. The Quartile determines the lot size.
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  • #6,670
  • Apr 14, 2016 8:55pm Apr 14, 2016 8:55pm
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  • #6,671
  • Edited 3:37am Apr 15, 2016 3:11am | Edited 3:37am
Quoting Nala66
Good morning Traders. Thanks a lot Intredpidpips... At last a chart I can follow and read clearly. Actually you did fine scoring 10 pips on this pair because it has been as flat as a tack and keeps correcting. So well done. Can you please explain what triggers your entries and why so? I must have missed something in these 6.5K posts.
Thanks for the compliment Nala, what I concentrate on for now are just Divergence and Range Break out/down, I treat the "Zigzag" 3EMA as a flexible trend line and a clean full body break combined with the Stoch and MACD agreement triggers the entry, I'm yet to actually utilize the BB and I use different MAs for different Renko Box sizes.
Hope this is a good summary?
With time I should graduate to the 123 and 2B formations that dee50 and Friska especially utilize.

2 trades this morning (+2.2, +7.4), the upswings did not show a clear divergence on the MACD so I stayed out though there was a Range breakout, the Stoch was threatening a divergence again so I waited for it .
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Let it turn and find your entry.
  • #6,672
  • Apr 15, 2016 3:46am Apr 15, 2016 3:46am
Quoting Intrepidpips
{quote} Thanks for the compliment Nala, what I concentrate on for now are just Divergence and Range Break out/down, I treat the "Zigzag" 3EMA as a flexible trend line and a clean full body break combined with the Stoch and MACD agreement triggers the entry, I'm yet to actually utilize the BB and I use different MAs for different Renko Box sizes. Hope this is a good summary? With time I should graduate to the 123 and 2B formations that dee50 and Friska especially utilize. 2 trades this morning (+2.2, +7.4), the upswings did not show a clear divergence...

I left out Double bottoms and tops and I'm watching to see the accuracy of my MA bounces.
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Let it turn and find your entry.
  • #6,673
  • Apr 15, 2016 4:33am Apr 15, 2016 4:33am
Quoting Nala66
Look at this trade after trade... So far 1 short and 3 longs. The middle long has made a fortune, it looks the smallest but it has the largest lot size on. The Quartile determines the lot size. {image}
Same trade on the 5 pip Renko.
I can see how this must be so confusing for you.

What's the trend.
Where should I enter.
Where are the Support and Resistance levels.
Where should I place my SL
Where should my TP go.
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Cut your Losers short and let your Winners run.
  • #6,674
  • Apr 15, 2016 4:37am Apr 15, 2016 4:37am
Quoting Nala66
Almost every morning (Asian Open) we can catch these moves adding at least 25% to our accounts. The risk is an initial 5% but rarely would we lose this because we bail out if we are wrong. You have to look at the averages and the break or failure to break thereof. The Quartile simple sets up the space required for the 5% increments. The RSI is telling us where the supports and resistance points are...Nothing to do with tops and bottoms. I have a question for you Renko guys... Does a Renko chart change the way an EMA is formed, eg How are the averages...
there is no perfect system ...you have to look at various types of bars or sytems to give you the information you need to make a decision in trading .trading is a game of probabilities ....I use time charts and renkos and I get different pieces of information from them .The renko bars only looks at the price movement..it eliminates averaging of price .We use the ema to work out the average .So now we have 2 pieces of information..Now I look at time bars to tell me the speed of price movement. since all trading is done by computers , time is important .Renko bars cannot do this therefore I use time bars S=Vxt (distance =velocityxtime)....v=S/t Now trading is mathematics ...that's all it is ,,,so this is where You come in with your quartile system .Now we have all the pieces of the puzzle price (renkos)+ averageprice(moving averages)+speed of price(5 minute bars)+some mathematics(quartiles)=a winning sytem......this is how I see trading
  • #6,675
  • Apr 15, 2016 4:58am Apr 15, 2016 4:58am
Quoting Nala66
{image}
Sorry if this sounds newbeeish, but how do I set up my Fib extensions and retracements to quatiles?
Let it turn and find your entry.
  • #6,676
  • Apr 15, 2016 7:10am Apr 15, 2016 7:10am
Quoting Intrepidpips
{quote} Sorry if this sounds newbeeish, but how do I set up my Fib extensions and retracements to quatiles?
After a hopeless google search and coming up empty, this is my best attempt.
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Let it turn and find your entry.
  • #6,677
  • Apr 15, 2016 7:20am Apr 15, 2016 7:20am
you must change the description to %$
  • #6,678
  • Apr 15, 2016 7:25am Apr 15, 2016 7:25am
Quoting Nala66
{image}
hello nala I still don't get it how you use the quartiles
First wait for price to cross ma then wait for a trendline break
Now draw the quartile for that last swing
the last swing will be divided into 4 quarters right ??? Now what does these 4 quarters mean and when do you enter? Please explain?I am a little slow on understanding things ,,,hope you don't mind
  • #6,679
  • Apr 15, 2016 7:29am Apr 15, 2016 7:29am
Quoting Intrepidpips
{quote} After a hopeless google search and coming up empty, this is my best attempt. {image} {image}
Entries and targets?
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Let it turn and find your entry.
  • #6,680
  • Apr 15, 2016 7:35am Apr 15, 2016 7:35am
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