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  • #6,681
  • Apr 15, 2016 7:39am Apr 15, 2016 7:39am
Quoting bettervolume
you must change the description to %$

Thanks I see, so you can set the price in your target: I still prefer to see the 0%, 25%, 50% etc.
Let it turn and find your entry.
  • #6,682
  • Apr 15, 2016 7:41am Apr 15, 2016 7:41am
Quoting Intrepidpips
{quote} Sorry if this sounds newbeeish, but how do I set up my Fib extensions and retracements to quatiles?
Check out post 6636 when I explain the settings...You have just about got it correct except for the Description in there you want to put %$ and this will put the prices on the Quartiles for you.
  • #6,683
  • Apr 15, 2016 7:42am Apr 15, 2016 7:42am
Quoting bettervolume
{image}

Great nailing
Let it turn and find your entry.
  • #6,684
  • Apr 15, 2016 8:23am Apr 15, 2016 8:23am
Thanks for your Renko explanations folks, I am getting my head around your setups though they do appear to be very complicated.

If you guys think you are slow then you should try using my head, it runs backwards most of the time.:nerd:

I don't trade for pips, I trade for percentages of my account typically a 5% risk.

It doesn't matter how wide or narrow the Quartile gets the space between is always 5% so a tiny one pays me big time in a hurry.

I am not looking at the tops and bottoms of the price swings as these are not really support and resistance but the tops and bottoms of the EMA are. Any EMA will do even a 1000 period but this may take a long time between trades although the pip count is higher the reward is far less.

Now as my 26 period EMA is striving to reach a previous support or resistance the actual price will have to make a significant effort, far greater than the average. This is why we always see a good movement in price because it has to work hard to pull the EMA behind it to break the previous support/resistance average. The market does this all day long, every day.

You only need to look at any chart to see the evidence of this action. It is the success or failure to achieve this that denotes the strength or weakness of the batting side.

Now if I am see weakness by the price not making the level and also pulling back 25% then this is the Quartile entry point and I expect it to run at least 2 more Quartiles 5% each

If I am seeing strength I need to wait until the market produces something like a divergence, the again I employ the Quartile and this type of trade may run all day long making 5% at each Quartile level. Thus a trend of just 50 pips can easily produce a 100% increase in the account because there will be many entries compounding the original one. Many times I have run out of money and have to cash in a trade or two to continue. All the time the stop is moving in relation to the action and I generally lock in 10% with the stop.

I have no idea what people mean when they say they got 5 pips, is that 50 cents, 50%, $50 etc. Pips are the increments the chart uses our winnings or losings should be expressed as a % of the account.

There I go rambling on again but I hope this explains a little more to those who have asked questions.
  • #6,685
  • Apr 15, 2016 8:24am Apr 15, 2016 8:24am
Quoting Nala66
{quote} Check out post 6636 when I explain the settings...You have just about got it correct except for the Description in there you want to put %$ and this will put the prices on the Quartiles for you.
Thanks I glossed over it earlier.
Let it turn and find your entry.
  • #6,686
  • Apr 15, 2016 8:51am Apr 15, 2016 8:51am
Quoting Nala66
Thanks for your Renko explanations folks, I am getting my head around your setups though they do appear to be very complicated. If you guys think you are slow then you should try using my head, it runs backwards most of the time.:nerd: I don't trade for pips, I trade for percentages of my account typically a 5% risk. It doesn't matter how wide or narrow the Quartile gets the space between is always 5% so a tiny one pays me big time in a hurry. I am not looking at the tops and bottoms of the price swings as these are not really support and resistance...
hello Nala
thanx for the explanation but I still don't get it ,my head is spinning ,,,,don't forget we are new to this trading style ...so you have to start from scratch ....How do I use the quartile to make a decision on whether to enter or not? thanx in advance
  • #6,687
  • Apr 15, 2016 8:57am Apr 15, 2016 8:57am
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  • #6,688
  • Apr 15, 2016 9:07am Apr 15, 2016 9:07am
Good luck to you all. You clearly all want to go in another direction and I can't be bothered any more, I have better things to do with my time. Adios.
Cut your Losers short and let your Winners run.
  • #6,689
  • Apr 15, 2016 9:41am Apr 15, 2016 9:41am
Quoting dee50
Good luck to you all. You clearly all want to go in another direction and I can't be bothered any more, I have better things to do with my time. Adios.
no we definitely don't want go in a different direction we were just trying to figure out if this quartile thing could compliment our current trading style ...I was looking at it as a mathematical money management style more than a trading style .
  • #6,690
  • Apr 15, 2016 9:51am Apr 15, 2016 9:51am
Quoting dee50
Good luck to you all. You clearly all want to go in another direction and I can't be bothered any more, I have better things to do with my time. Adios.
Please don't get us wrong, just trying to see an approach to target setting and money management, like me I bail out too early and end up sometimes with bigger losses than the winners and then fight to make it back, if I could just get a fix on setting my target and sticking with it.

Like you said Nala should ideally start a thread and all the Quartile enthusiasts can contribute/explore there.

Now about your new signature
Let it turn and find your entry.
  • #6,691
  • Apr 15, 2016 9:58am Apr 15, 2016 9:58am
Quoting Intrepidpips
{quote} Please don't get us wrong, just trying to see an approach to target setting and money management, like me I bail out too early and end up sometimes with bigger losses than the winners and then fight to make it back, if I could just get a fix on setting my target and sticking with it. Like you said Nala should ideally start a thread and all the Quartile enthusiasts can contribute/explore there. Now about your new signature
you are right nala should start a different thread to discuss quartiles
  • #6,692
  • Apr 15, 2016 10:17am Apr 15, 2016 10:17am
Quoting bettervolume
{quote} you are right nala should start a different thread to discuss quartiles
I am afraid it's too late. Took less than a week, impressive.
Hidden in plain sight.
  • #6,693
  • Apr 15, 2016 1:27pm Apr 15, 2016 1:27pm
Dee, don't get mad or bothered. This is a contribution that can be added to our renko style of trading. New ideas always arise in order to better things.
Is not that the thread is running in a different direction. But yes it can make sense to have separate thread for order purposes. So please do not step out here as you are our mentor in this thread, and we need you big time.

Have a great weekend



Quoting dee50
Good luck to you all. You clearly all want to go in another direction and I can't be bothered any more, I have better things to do with my time. Adios.
  • #6,694
  • Apr 15, 2016 6:59pm Apr 15, 2016 6:59pm
Quoting dee50
Good luck to you all. You clearly all want to go in another direction and I can't be bothered any more, I have better things to do with my time. Adios.
As I said in the beginning this is not my thread so it is me who should stop posting, sorry to upset you dee50.

Bye y'all, I'm gone
  • #6,695
  • Apr 15, 2016 8:34pm Apr 15, 2016 8:34pm
Quoting srt
{quote} Step-By-Step: 1-Open UJ (or other market) 5M chart 2-Drag & drop EA onto 5M chart (from EA folder) ***Make sure it's in EA folder & not in indicators folder. 3-Change brick size to 5 4-Open "offline chart"-2M UJ
Hello srt. Can this be done with a MT4 platform? Thanx
  • #6,696
  • Apr 16, 2016 7:42am Apr 16, 2016 7:42am
I want to apologise to everyone on this thread especially to dee 50 for my contribution of making this thread disorderely.It is only right that a different sytem should be on a different thread otherwise it messes up our whole method .
  • #6,697
  • Apr 16, 2016 11:22am Apr 16, 2016 11:22am
Quoting dee50
Good luck to you all. You clearly all want to go in another direction and I can't be bothered any more, I have better things to do with my time. Adios.
Where are your losing trades? I only ever see posts from you of all winners
  • #6,698
  • Apr 16, 2016 11:29am Apr 16, 2016 11:29am
The title does not fit the content of this thread. "More difficult is impossible" would be better.
  • #6,699
  • Apr 16, 2016 11:31am Apr 16, 2016 11:31am
Quoting Anusragger
The title does not fit the content of this thread. "More difficult is impossible" would be better.
  • #6,700
  • Apr 16, 2016 11:37am Apr 16, 2016 11:37am
Quoting Anusragger
The title does not fit the content of this thread. "More difficult is impossible" would be better.
It can be true for someone who's got his head in his butt... But not for the one who spends just a bit of time to understand what's going on.
Hidden in plain sight.
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