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More simple is impossible

  • #7,041
  • May 12, 2016 1:36am May 12, 2016 1:36am
Quoting PhilippineFX
{quote} Sometimes I use the REN 1 chart .......it can tell a story during slow PA at times
At first trying to trade it alone it was too scary, but in the light of trading it in the direction of REN 5 MACD, it is not so scary anymore.
Also following the two MAs in REN 1 yields sufficient dividends.

I'd want the REN 1 MAs to sync up with the REN 5 MACD before I pull the trigger.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: RENKO 130.png Size: 92 KB
Let it turn and find your entry.
  • #7,042
  • May 12, 2016 3:47am May 12, 2016 3:47am
DAX +28 +40

Waited to see the reaction around the 61.8% fib of the last move up, if you look on a classic chart on smaller TFs it was a nice demand cluster. M15 PA confirmed the buyers' interest.

When we broke the series of LH LL, first entered the small first pullback, and after seeing the reaction at the second test went in again. Now if we break this level here i will look for pullbacks cautiously.

by the way this pattern is my favorite one, over and under, quasimodo, whatever you want to call it, and one could make a living just trading this very pattern and nothing else. Especially with renko as they are way more easy to spot.
Attached Image (click to enlarge)
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Hidden in plain sight.
  • #7,043
  • May 12, 2016 3:48am May 12, 2016 3:48am
Attached Image (click to enlarge)
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Took +40 on 1st Trade after Divergence and 61.8 Retracement and on 2nd Move up +20. Watch Supp./Res. Levels and Fibonacci Levels. Didn`t hold Trades long enough.
  • #7,044
  • May 12, 2016 3:49am May 12, 2016 3:49am
Hello everyone, my first post here,
Here my trades for today, 40+8+14+24. should have let the last trade run to daily pivot,
Attached Image (click to enlarge)
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  • #7,045
  • May 12, 2016 3:58am May 12, 2016 3:58am
Good stuff guys!
Hidden in plain sight.
  • #7,046
  • May 12, 2016 4:08am May 12, 2016 4:08am
Quoting Baymax07
Hello everyone, my first post here, Here my trades for today, 40+8+14+24. should have let the last trade run to daily pivot, {image}
Range Bars? Sweet! Keep on posting
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,047
  • Edited 4:22am May 12, 2016 4:12am | Edited 4:22am
​Interesting how we see the same charts, interpret it in different ways and come to similar conclusions!

Price has been having trouble going down since yesterday. With the 61% retracement, and two SR zones at 9881 and 9861, I was looking for a reason to go long.
The first bounce got me out at BE but the second had better divergences especially with the Stoch (Dee often said to pay attention when the Stoch gives divergence signals. Took two trades but exited one too early at 9000 ​. Left another to run.

Took another long at small retracement and bounce off MA with very tight SL. Closed this one for +87.
Attachment

Lets see if price closes above or below the TL from the two previous highs
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  • #7,048
  • May 12, 2016 4:51am May 12, 2016 4:51am
17+16 on DOW. first trade was a bit risky counter trend trade but there was daily pivot and a broken support turned into resistance. second trade was hidden divergence on support and round number.
Attached Image (click to enlarge)
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  • #7,049
  • May 12, 2016 5:01am May 12, 2016 5:01am
my computer was problematic for 2 weeks so tried to fix it now its working but still slow .Anyway my trade today . The retracement was weak but the stochastics retracement was strong but could not reach oversold so I went long ...45 pips
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  • #7,050
  • May 12, 2016 5:02am May 12, 2016 5:02am
shit wrong pic
  • #7,051
  • May 12, 2016 5:02am May 12, 2016 5:02am
​Ok closed final trade for +187. Makes up for yesterday's lack-lustre performance. Price might go further but can't afford to babysit trade anymore. Would expect a retrace to at least the TL, maybe?

Attached Image (click to enlarge)
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  • #7,052
  • May 12, 2016 5:05am May 12, 2016 5:05am
Attached Image (click to enlarge)
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  • #7,053
  • May 12, 2016 9:49am May 12, 2016 9:49am
who says dee50s stochastic system doesn't work ....you only need to watch stoch and ma for scalping
Attached Image (click to enlarge)
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  • #7,054
  • May 12, 2016 9:58am May 12, 2016 9:58am
Quoting bettervolume
who says dee50s stochastic system doesn't work ....you only need to watch stoch and ma for scalping {image}
hmmmm, let's see, nobody ?

also depends on kind of markets we deal with, today is like no other. or not so often.
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  • #7,055
  • May 12, 2016 10:37am May 12, 2016 10:37am
GBPJPY
+41 +64 = +105

Great day! Forever grateful Dee. You've shown the path, and I've molded the method to fit me. A+
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  • #7,056
  • May 12, 2016 10:40am May 12, 2016 10:40am
Quoting lKeithStone
GBPJPY +41 +64 = +105 Great day! Forever grateful Dee. You've shown the path, and I've molded the method to fit me. A+ {image}
Congratulations, you are pushing the button in the end.
Hidden in plain sight.
  • #7,057
  • May 12, 2016 12:58pm May 12, 2016 12:58pm
Quoting jakucha
{quote} Congratulations, you are pushing the button in the end.
Thanks Jakucha!

Very true, but without Dee's guidance I would probably be pushing the button at the wrong time.

It's amazing what taking a week off and looking at the charts without trading will do for your discipline. I was getting sloppy and now it's fixed. Much more patient.
  • #7,058
  • May 12, 2016 1:43pm May 12, 2016 1:43pm
Quoting lKeithStone
{quote} Thanks Jakucha! Very true, but without Dee's guidance I would probably be pushing the button at the wrong time. It's amazing what taking a week off and looking at the charts without trading will do for your discipline. I was getting sloppy and now it's fixed. Much more patient.
Excellent. I know the feeling, try to keep it that way cause bad habits catch up so fast... Again, well done. It takes balls.
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  • #7,059
  • May 12, 2016 2:03pm May 12, 2016 2:03pm
Here's a trade I took today on AUDUSD, using a 2 pips Renko chart for my analysis. My bias was short for the day (due to my analysis on higher TF charts), so I was looking for bearish clues.

You can see on the Renko chart, that we got a nice divergence at a Pivot support level. After that, I simply switched to my Range bar chart, and sat on my hands until I saw a LL. After that, a pullback came which served as my entry signal. The risk was 4 pips while the TP was 12. That makes for a R:R 3:1.

I don't trade Renko as my main strategy because I like to look at multiple pairs at once which is a pain in the ass using MT4.
Attached Image(s) (click to enlarge)
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Invincibility lies in the defence; the possibility of victory in the attack
  • #7,060
  • May 13, 2016 2:55am May 13, 2016 2:55am
Quoting BBalazs
Here's a trade I took today on AUDUSD, using a 2 pips Renko chart for my analysis. My bias was short for the day (due to my analysis on higher TF charts), so I was looking for bearish clues. You can see on the Renko chart, that we got a nice divergence at a Pivot support level. After that, I simply switched to my Range bar chart, and sat on my hands until I saw a LL. After that, a pullback came which served as my entry signal. The risk was 4 pips while the TP was 12. That makes for a R:R 3:1. I don't trade Renko as my main strategy because I like...
Very nice.
Hidden in plain sight.
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