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Trading is as simple as ABCD

  • #10,141
  • May 11, 2016 4:14am May 11, 2016 4:14am
Quoting hards
{quote} Hey Clive, Since I have been following you for the past couple of months I have been able to improve my Demo Account success. I was up 15% in April and am up 7% in May. At the end of May I intend to put my money where my mouth is and Live Trade. I am a visual learner and your charts are what do it for me. I am 70 and things don't come easy. I been at this daily for well over 2 years, never giving up and all of a sudden things started to come together for me while doing your Thread. I am trading a 3M Renko Chart next to your 1M chart. I have...

Can you please explain me how the icefx velocity works?
  • #10,142
  • May 11, 2016 4:29am May 11, 2016 4:29am
Quoting Manna
{quote} I have taken the trade same position but market is so choppy what the profit target is iak?
Hi. TP for me is 20. Risk is 5. Just lost 5.
  • #10,143
  • May 11, 2016 4:46am May 11, 2016 4:46am
​2.Long
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  • #10,144
  • May 11, 2016 4:57am May 11, 2016 4:57am
Agree that trading is as simple as ABCD . but to know it simplicity is hard. personally i have some easy stuff to bring me 1000pips every month and this only require my time to be in the market nothing else. if u get the simplicity u will know its true.











MY QUOTE- Find an exit u will see an entry
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  • #10,145
  • May 11, 2016 10:20am May 11, 2016 10:20am
1min set up or 3 pip renko? ...... hmmmm
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  • #10,146
  • May 11, 2016 10:40am May 11, 2016 10:40am
Quoting iak
1min set up or 3 pip renko? ...... hmmmm {image}
Thanks for posting that chart.

I have been told that on a Renko Chart that when the direction changes there is a 79% probability that the next bar will be the same color. Try this out and see. Set you bars to 10 pips on a 2M chart. Use a 10 pip SL and a 10 pip TP on all changes in direction. Set you lot size based on a 10 pip SL. I am no expert for sure but I have had some sucesss.
True Grit!
  • #10,147
  • May 11, 2016 10:59am May 11, 2016 10:59am
Quoting hards
{quote} Thanks for posting that chart. I have been told that on a Renko Chart that when the direction changes there is a 79% probability that the next bar will be the same color. Try this out and see. Set you bars to 10 pips on a 2M chart. Use a 10 pip SL and a 10 pip TP on all changes in direction. Set you lot size based on a 10 pip SL. I am no expert for sure but I have had some sucesss.
​sounds worth looking at. ta
  • #10,148
  • May 11, 2016 11:28am May 11, 2016 11:28am
A few people here dumped range bars in favor of Renko bar charts ? Interesting.
every Saint has a past. Every Sinner has a Future
  • #10,149
  • May 11, 2016 11:33am May 11, 2016 11:33am
Quoting turnip15
A few people here dumped range bars in favor of Renko bar charts ? Interesting.

I don't think so. I posted up a 3M 3 pip bar chart yesterday is all. Since I posted that chart I have changed my Bars to 10 pip bars on a 2M chart and it is doing much better but I think I am the only one. I am not here to change anything you guys are doing. This Thread has helped me learn a lot.
True Grit!
  • #10,150
  • May 11, 2016 12:48pm May 11, 2016 12:48pm
Quoting hards
{quote} I don't think so. I posted up a 3M 3 pip bar chart yesterday is all. Since I posted that chart I have changed my Bars to 10 pip bars on a 2M chart and it is doing much better but I think I am the only one. I am not here to change anything you guys are doing. This Thread has helped me learn a lot.
Hards- that was not a criticism. Ideas are welcome. They really are interesting. And good posts by the way.
every Saint has a past. Every Sinner has a Future
  • #10,151
  • May 11, 2016 1:14pm May 11, 2016 1:14pm
Quoting turnip15
{quote} Hards- that was not a criticism. Ideas are welcome. They really are interesting. And good posts by the way.
I hadn't taken it that way at all. This is the very best Thread in FF as far as I am concerned
True Grit!
  • #10,152
  • May 12, 2016 2:43am May 12, 2016 2:43am
hards - there may be a flaw in your way of trading the 79% chance mention above and that is a 10 pip renko can actually be as much as 19 pips. You might get "wicked" out a lot with a 10 sl.
  • #10,153
  • May 12, 2016 2:48am May 12, 2016 2:48am
In fact I am wrong - it could be worse than that because renko bars don't sit adjacent to each other like range bars do so you could easily have a 10 pip renko with 29 pips including the wick. Not an expert in renko so someone please correct me if I'm wrong.
  • #10,154
  • May 12, 2016 5:44am May 12, 2016 5:44am
Quoting handy148
In fact I am wrong - it could be worse than that because renko bars don't sit adjacent to each other like range bars do so you could easily have a 10 pip renko with 29 pips including the wick. Not an expert in renko so someone please correct me if I'm wrong.
Hi Michael hope you are still gathering the pips, can I just add I find the best bars to be in most Towns Villages and on most High Streets you know the ones, the ones you get drinks from
  • #10,155
  • May 12, 2016 5:50am May 12, 2016 5:50am
lol Dave - Hugh knows some good ones anyway.
  • #10,156
  • May 12, 2016 5:56am May 12, 2016 5:56am
Quoting handy148
lol Dave - Hugh knows some good ones anyway.
To keep his head and finger working as quick as he does, I can well imagine he does, just a remarkable guy and trader
  • #10,157
  • May 12, 2016 8:39am May 12, 2016 8:39am
Quoting handy148
In fact I am wrong - it could be worse than that because renko bars don't sit adjacent to each other like range bars do so you could easily have a 10 pip renko with 29 pips including the wick. Not an expert in renko so someone please correct me if I'm wrong.
Thanks for input Handy, Have not had any issues......YET
True Grit!
  • #10,158
  • May 12, 2016 9:11am May 12, 2016 9:11am
The only bars to use are the ones you understand
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  • #10,159
  • May 12, 2016 9:37am May 12, 2016 9:37am
OPPS so sorry guys posted the chart with the (Happy Hour) bars in the wrong timeframe and no indicators, here is the 1 min with a little Buying on a overbought CCI
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  • #10,160
  • May 12, 2016 11:07am May 12, 2016 11:07am
Quoting iak
1min set up or 3 pip renko? ...... hmmmm {image}
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