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More simple is impossible

  • #6,721
  • Apr 19, 2016 10:38am Apr 19, 2016 10:38am
I'm with you...
It will be great to see how you draw your fibs and levels, as we not always use the same levels, and will be a nice aid to look at your rationale behind.



Quoting bettervolume
{quote} hello dee50 can you please show me where do you get those red and blue dashed lines from ....I know you said its s&r but I looked at a 4hr daily weekly and 1 hr line chart but don't seem to get those numbers ...... Also was wondering if you were to look on the dom and time and sales for the dax futures would there be a clue of confirmation before I take a trade ????
  • #6,722
  • Apr 19, 2016 10:38am Apr 19, 2016 10:38am
Quoting bettervolume
{quote} hello dee50 can you please show me where do you get those red and blue dashed lines from ....I know you said its s&r but I looked at a 4hr daily weekly and 1 hr line chart but don't seem to get those numbers ...... Also was wondering if you were to look on the dom and time and sales for the dax futures would there be a clue of confirmation before I take a trade ????
Hand drawn at the beginning of each day. They are subjective and are drawn as Best Fit not absolutes.

Have a look here, again James16, look for PPZs Price Pivot Zones (S&R)
http://www.forexfactory.com/showthre...99#post2585699

This one is specific to PPZs
http://www.forexfactory.com/showthre...16#post2252116

DOM and Time and Sales.
The DOM only has 10 Price levels of orders waiting and with practice it can help to filter entries but mainly for short scalps.
Time and Sales is another beast entirely, many have tried to read the tape and many have failed miserably, me included, making sense of the data that flies through at the speed of a tick takes a particular mind set and a hell of a lot of practice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER30H4.png Size: 82 KB
Click to Enlarge Name: GER30Daily.png Size: 61 KB
Cut your Losers short and let your Winners run.
  • #6,723
  • Apr 19, 2016 1:04pm Apr 19, 2016 1:04pm
Quoting dee50
Read this post http://www.forexfactory.com/showthre...05#post2602805 Most days I have "Losers" they are listed as BE+2 (code for LOSE).
Best read all week
Let it turn and find your entry.
  • #6,724
  • Apr 19, 2016 1:09pm Apr 19, 2016 1:09pm
Quoting BBalazs
{quote} Enjoy {file}
Could you please share the MACD nrp_osc?, it's not on post 5355 and I would just love to see what particular differences there are between the 2.

Thank you.
Let it turn and find your entry.
  • #6,725
  • Apr 19, 2016 2:36pm Apr 19, 2016 2:36pm
Quoting dee50
{quote} Hand drawn at the beginning of each day. They are subjective and are drawn as Best Fit not absolutes. Have a look here, again James16, look for PPZs Price Pivot Zones (S&R) http://www.forexfactory.com/showthre...99#post2585699 This one is specific to PPZs http://www.forexfactory.com/showthre...16#post2252116 DOM and Time and Sales. The DOM only has 10 Price levels of orders waiting and with practice it can help to filter entries but mainly for short scalps. Time and Sales is another beast entirely,...
Maybe this will be useful for a few people
Attached File(s)
File Type: pdf James16 – Price Pivot Zone (PPZ).pdf   309 KB | 1,603 downloads
  • #6,726
  • Apr 19, 2016 5:30pm Apr 19, 2016 5:30pm
Nice. We do it moreless the same. Then you just check your levels and draw them again in renko chart?



Quoting dee50
{quote} Hand drawn at the beginning of each day. They are subjective and are drawn as Best Fit not absolutes. Have a look here, again James16, look for PPZs Price Pivot Zones (S&R) http://www.forexfactory.com/showthre...99#post2585699 This one is specific to PPZs http://www.forexfactory.com/showthre...16#post2252116 DOM and Time and Sales. The DOM only has 10 Price levels of orders waiting and with practice it can help to filter entries but mainly for short scalps. Time and Sales is another beast entirely,...
  • #6,727
  • Apr 20, 2016 3:15am Apr 20, 2016 3:15am
Quoting mor707
{quote} Maybe this will be useful for a few people {image}
Thanks very much for posting this PDF. It "should" help to make things a little clearer.
Cut your Losers short and let your Winners run.
  • #6,728
  • Apr 20, 2016 3:16am Apr 20, 2016 3:16am
Quoting cfabian
Nice. We do it moreless the same. Then you just check your levels and draw them again in renko chart? {quote}
No, I use the "Superjolt Duplicator" it copies all the lines across for me, much easier.

http://www.forexfactory.com/showthre...70#post8521770
Cut your Losers short and let your Winners run.
  • #6,729
  • Apr 20, 2016 4:12am Apr 20, 2016 4:12am
Quoting dee50
{quote} No, I use the "Superjolt Duplicator" it copies all the lines across for me, much easier. http://www.forexfactory.com/showthre...70#post8521770

Thanks for changing your signature
Let it turn and find your entry.
  • #6,730
  • Apr 20, 2016 4:38am Apr 20, 2016 4:38am
Quoting dee50
{quote} Hand drawn at the beginning of each day. They are subjective and are drawn as Best Fit not absolutes. Have a look here, again James16, look for PPZs Price Pivot Zones (S&R) http://www.forexfactory.com/showthre...99#post2585699 This one is specific to PPZs http://www.forexfactory.com/showthre...16#post2252116 DOM and Time and Sales. The DOM only has 10 Price levels of orders waiting and with practice it can help to filter entries but mainly for short scalps. Time and Sales is another beast entirely,...

thanks for this I need to go back to the drawing board and study all over .Also you have red pink and blue dashed lines ...I am sorry to ask such basic questions but I find these details to be important in decision making when taking a trade .Is red major support and confluence with fib? blue minor ...what is pink??
  • #6,731
  • Apr 20, 2016 4:39am Apr 20, 2016 4:39am
Quoting Intrepidpips
{quote} Thanks for changing your signature
​I dunno. My personal ffavourite is still: There are two things I don't like, Change and the Way things are.
Tickles me each time I read it.
  • #6,732
  • Apr 20, 2016 4:51am Apr 20, 2016 4:51am
Quoting mact4
{quote} ​I dunno. My personal ffavourite is still: There are two things I don't like, Change and the Way things are. Tickles me each time I read it.
Let it turn and find your entry.
  • #6,733
  • Apr 20, 2016 4:54am Apr 20, 2016 4:54am
Okay so lets see if this is BE or TP.

Trying to let my winners run rather than bite and run with bits while the market bites large chunks out of my ass.

Is the market waiting to hear "Super Mario"?
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 91.png Size: 99 KB
Let it turn and find your entry.
  • #6,734
  • Apr 20, 2016 5:34am Apr 20, 2016 5:34am
Quoting Intrepidpips
Okay so lets see if this is BE or TP. Trying to let my winners run rather than bite and run with bits while the market bites large chunks out of my ass. Is the market waiting to hear "Super Mario"? {image}
Result BE.
Was it worth it?
Big picture said "uptrend resumed."
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 92.png Size: 96 KB
Click to Enlarge Name: RENKO 93.png Size: 73 KB
Let it turn and find your entry.
  • #6,735
  • Apr 20, 2016 6:06am Apr 20, 2016 6:06am
Quoting Intrepidpips
Okay so lets see if this is BE or TP. Trying to let my winners run rather than bite and run with bits while the market bites large chunks out of my ass. {image}
After reading the James 16 post, what I took home was to no longer be on the "grab and run" mode perpetually as it was not taking me to my objectives s i asked which would qualify as my "A+" trades and i identified the Trend Resumption on the H1 as my most potent, pity I didn't come to that conclusion before yesterday and lay in wait.
Today's set-up yielded a BE, while I was targeting 65 pips.
well the master said "Every day above ground is a good day" guess I can still reach the stars cos I'm above ground.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 94.png Size: 75 KB
Click to Enlarge Name: RENKO 95.png Size: 85 KB
Let it turn and find your entry.
  • #6,736
  • Apr 20, 2016 6:09am Apr 20, 2016 6:09am
Dax +45
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 72 KB
  • #6,737
  • Apr 20, 2016 6:36am Apr 20, 2016 6:36am
Quoting Intrepidpips
{quote} After reading the James 16 post, what I took home was to no longer be on the "grab and run" mode perpetually as it was not taking me to my objectives s i asked which would qualify as my "A+" trades and i identified the Trend Resumption on the H1 as my most potent, pity I didn't come to that conclusion before yesterday and lay in wait. Today's set-up yielded a BE, while I was targeting 65 pips. well the master said "Every day above ground is a good day" guess I can still reach the stars cos I'm above ground. {image} {image}
So what next? I wait for either the trend to change or it to resume.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 96.png Size: 70 KB
Click to Enlarge Name: RENKO 97.png Size: 80 KB
Click to Enlarge Name: RENKO 98.png Size: 82 KB
Let it turn and find your entry.
  • #6,738
  • Apr 20, 2016 6:38am Apr 20, 2016 6:38am
Quoting PhilippineFX
Dax +45{image}
Great you are almost a "naked" RENKO trader now
Let it turn and find your entry.
  • #6,739
  • Apr 20, 2016 6:56am Apr 20, 2016 6:56am
What do you think about a "More simple is impossible" renko trading chat room where we can idle the whole day and talk about possible entries and so on?

I've setup a server/chat at Discord, which is a fantastic plattform for that (drag&drop/upload chart screenshots into the chat, voice chat possible if anyone likes to talk, online accessible with the browser and also programs/apps available for Win/Mac/Linux/iOS/Android, push notifications,....)

Here is the link: https://discord.gg/0xYcPWw3i7gEhQfa
  • #6,740
  • Apr 20, 2016 8:03am Apr 20, 2016 8:03am
Quoting Intrepidpips
{quote} Result BE. Was it worth it? Big picture said "uptrend resumed." {image} {image}
"Surprise, Surprise"
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 70 KB
Cut your Losers short and let your Winners run.
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