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More simple is impossible

  • #6,961
  • May 6, 2016 3:21am May 6, 2016 3:21am
Quoting lKeithStone
Hello all! So lately I've been thinking about why I have these indicators on the bottom of my chart. I barely look at them. The settings seem to give me false divergences and causes confusion at times. Ever since I added Bollinger Bands to my charts I've been researching equilibrium and I found a pretty enlightening post by a member here at FF named dkrock (see below) I have since calibrated my indicators on the 5pip renko chart to cross the 50 on the stoch, and 0 on the cci, when price crosses my 25 period sma (middle bollinger band - what i defined...
This is interesting. I was thinking about a similar idea earlier. Two quick questions: 1) how did you come up with 25sma ? 2) is the 25sma only for gj, since other pairs/instruments have a different range and volatility ?
Thanks for your time! -Jason
  • #6,962
  • May 6, 2016 8:18am May 6, 2016 8:18am
I finally tweaked myself into using the double Renko view, all the while I had tried it with 10 pips and 5 pips Renko brick but it never worked until I got into 2 trades on the Renko 4 and sustained a net loss, then out of curiosity tried the 4 pips/ 2 pips combo and voila the charts opened up their secrets, it's amazingly simple that i had to go back as far as my MT4 M1 history to see and what I discovered is that the MACD shows the way to go on Renko4 and you find your entry in Renko 2.
I could not take all the opportunities available as i was going back seeing how Divergence in the HTF was repeated iin the lower and then i decided to try out my findings toes in the water fist with the Employment Stats release and sure enough after the spreads widened and normalized MACD showed the way to go. pity I did not ride for the full 100 pips drop, it was just a test drive on a live account.

I am considering upping my minimum daily target now that i see what I've been missing since joining this thread.

Enjoy your weekend all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 115.png Size: 73 KB
Click to Enlarge Name: RENKO 116.png Size: 69 KB
Attached Image
Let it turn and find your entry.
  • #6,963
  • May 6, 2016 8:48am May 6, 2016 8:48am
You are a genius
  • #6,964
  • May 6, 2016 10:19am May 6, 2016 10:19am
Quoting Intrepidpips
Got this PM today, Hi friend. How are you? Do you still trade Renko (more simple is impossible)? How is it going? You made money (%)? Thank you! And the answer.... YES! I still trade with Renko, and it's still profitable, I have tweaked it to suit me and when I master my entries and exits, I will buy me a private Island and retire in peace, don't need all the billions of Soros and Paul Tudor Jones. I just need to compound 20 pips daily and that's all. Here's a visual of what my chart looks like, dee50 showed us "let it turn and find your entry"...

hello interprids ...what are those 2 moving averages you are using and is an uptrend when it crosses the ma?
  • #6,965
  • May 6, 2016 10:59am May 6, 2016 10:59am
Quoting Intrepidpips
I finally tweaked myself into using the double Renko view, all the while I had tried it with 10 pips and 5 pips Renko brick but it never worked until I got into 2 trades on the Renko 4 and sustained a net loss, then out of curiosity tried the 4 pips/ 2 pips combo and voila the charts opened up their secrets, it's amazingly simple that i had to go back as far as my MT4 M1 history to see and what I discovered is that the MACD shows the way to go on Renko4 and you find your entry in Renko 2. I could not take all the opportunities available as i was...
Good work! VEry happy to see you doing so well. Best, Josh
  • #6,966
  • May 6, 2016 11:13am May 6, 2016 11:13am
Quoting gigioforex
You are a genius
Thanks let's just rinse and repeat again and again, and we will all be dollar geniuses.
Let it turn and find your entry.
  • #6,967
  • May 6, 2016 1:28pm May 6, 2016 1:28pm
Quoting Intrepidpips
{quote} Thanks let's just rinse and repeat again and again, and we will all be dollar geniuses.
A great week for you mate. I look forward to seeing this progress. Have a good weekend all. Josh
  • #6,968
  • May 6, 2016 3:25pm May 6, 2016 3:25pm
Quoting bettervolume
{quote} hello interprids ...what are those 2 moving averages you are using and is an uptrend when it crosses the ma?

For my 3 pips Renko chart, I use 180 & 90 LWMA Typical price shift 2. Above the MAs Long, below the MAs Short.
Following the RENKO 4 signals would render the MA's redundant but there are times when the 4 pips Renko will not have given a signal but the PA around the MAs will tell you to be discretionary so you need to be able to read the charts for RD, HD and other patterns -Double Tops and Bottoms etc, sometimes I miss out and only realize it later.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 117.png Size: 86 KB
Let it turn and find your entry.
  • #6,969
  • May 6, 2016 3:28pm May 6, 2016 3:28pm
Quoting JoshuaHope
{quote} A great week for you mate. I look forward to seeing this progress. Have a good weekend all. Josh
Thanks Josh, I'm committing, to not distract myself with Facebook and Youtube.
Let it turn and find your entry.
  • #6,970
  • May 6, 2016 3:38pm May 6, 2016 3:38pm
Quoting Intrepidpips
{quote} Thanks Josh, I'm committing, to not distract myself with Facebook and Youtube.
I am also committed, I check facebook once in 3 months or more.
  • #6,971
  • May 6, 2016 3:42pm May 6, 2016 3:42pm
Quoting JoshuaHope
{quote} I am also committed, I check facebook once in 3 months or more.
I wish I could remove the browsers from my computers, I'd be a lot more focused and miss little of the opportunities that slip me by.
Let it turn and find your entry.
  • #6,972
  • May 6, 2016 3:52pm May 6, 2016 3:52pm
Quoting Intrepidpips
{quote} I wish I could remove the browsers from my computers, I'd be a lot more focused and miss little of the opportunities that slip me by.
There are apps for your browser which will block sites of your choosing for a pre-defined time.
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,973
  • May 6, 2016 3:59pm May 6, 2016 3:59pm
Intrepid - do you use both the MACD colour and whether above/below 0 to determine buy/sell zone?
  • #6,974
  • May 6, 2016 4:00pm May 6, 2016 4:00pm
Quoting BBalazs
{quote} There are apps for your browser which will block sites of your choosing for a pre-defined time.

Okay I will start with that, thanks.
Let it turn and find your entry.
  • #6,975
  • May 6, 2016 4:16pm May 6, 2016 4:16pm
Quoting handy148
Intrepid - do you use both the MACD colour and whether above/below 0 to determine buy/sell zone?
I don't bother about above or below 0.
Yeah the color is mportant.
What I've observed is that the MMs (Market Makers) will push price up or down or sideways until they reach their desired levels before the big moves of the day, so for pairs with high daily ranges you have to be ready to change your mind once MACD is changing color and if you have staying power the HTF Renko will keep you in a great run, when the move of the day is in play.
Attached Image (click to enlarge)
Click to Enlarge Name: RENKO 118.png Size: 85 KB
Let it turn and find your entry.
  • #6,976
  • May 6, 2016 4:18pm May 6, 2016 4:18pm
Some people asked for this.
Attached File(s)
File Type: rar DUAL RENKO.rar   341 KB | 667 downloads
Let it turn and find your entry.
  • #6,977
  • May 7, 2016 3:34am May 7, 2016 3:34am
Quoting Intrepidpips
Some people asked for this. {file}
This looks interesting looking forward to see your progress ...btw congratulations for your live account .I am still on simulation
  • #6,978
  • May 7, 2016 4:51am May 7, 2016 4:51am
Quoting bettervolume
{quote} This looks interesting looking forward to see your progress ...btw congratulations for your live account .I am still on simulation
It's actually an old account that has hit the lowest low, I vowed not to fund again and to find a way to bring it back to BE and new equity highs and Renko trading is the way.
Still some way away from BE, BE can be established this month with this kind of progress.
Let it turn and find your entry.
  • #6,979
  • May 9, 2016 2:07am May 9, 2016 2:07am
Dax 30.....more gap closing PA from the Dax
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #6,980
  • May 9, 2016 2:11am May 9, 2016 2:11am
Dax 30 +2 +22 +32
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
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