Ger30 +22 +22 +37
Getting used to mean renko. It sure makes the picture more clear. Best, Josh
Getting used to mean renko. It sure makes the picture more clear. Best, Josh
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Ger30 +22 +22 +37 Getting used to mean renko. It sure makes the picture more clear. Best, Josh {image}
Are you using OVO's mean renko? As much as I love Mean Renko, I had to switch. Mainly because my stops would have to be larger to accommodate the smoothing factor. I felt like I was getting into moves a little later than I wanted.
I ended up creating my own bars using Flex Renko. I have them set at 100/50. With the Flex Renko set at 5 pips, a reversal bar will have to go 7.5 pips in order to print a reversal bar. This allows me to have a stop no larger than a 15 pips.
{quote} Great job Josh.
I am running 5/10/20 and so far it works very well for me...but yes, the SL is a factor. I use a maximum of 20 pips at the moment, or recent low/high, so no trouble there yet..however its the first day of using it...we will see how it works out in the longer run. :-)
{quote} Hey IKeithStone. Thanks. Yes its mean renko from OVO. I think you introduced them here earlier. I am playing around with them, experimenting and so far i am very happy. I am running 5/10/20 and so far it works very well for me...but yes, the SL is a factor. I use a maximum of 20 pips at the moment, or recent low/high, so no trouble there yet..however its the first day of using it...we will see how it works out in the longer run. :-)
Cool. I hope they work out for you! They are great to look at. In order to have a reasonable stop-loss for me, I would have to use 2.5pip Mean Renko bricks. And at that size on GBPJPY they move at blazing speeds.
{quote} Ah, okay. I couldn't tell because you don't have the OmniaRemote on your chart. Cool. I hope they work out for you! They are great to look at. In order to have a reasonable stop-loss for me, I would have to use 2.5pip Mean Renko bricks. And at that size on GBPJPY they move at blazing speeds.
Did you code the renko builder for these bars? Looks good. Is that Renkostreetchannel?
Ultimately, what matters is that we use what works best for us, I am building up to take 50 pips regularly and after I have my pips, the market can do whatever it wants.
Best, Josh
{quote} Thanks man, we will see how it works out. I am sure there may be hickups down the road, but so far i am very happy as my brain sees the picture better that it did with regular renko. Time will tell, but so far looks good for Dee's method. Did you code the renko builder for these bars? Looks good. Is that Renkostreetchannel? Ultimately, what matters is that we use what works best for us, I am building up to take 50 pips regularly and after I have my pips, the market can do whatever it wants.
No, that is a Donchian Channel set to 10.
I agree 100%. I have been sitting on the sidelines as of late and watching price/taking notes/reading Dee's posts. I started getting sloppy and losing discipline/chasing price. I will take trades here and there, but for the most part I'm building up my confidence and patience.
{quote} No, I didn't code it. I just really like how easy it is to switch from 5pip Renko's to 10pip Renko's just by typing the size in the OmniaRemote and pressing enter. Makes my life easier. No, that is a Donchian Channel set to 10. I agree 100%. I have been sitting on the sidelines as of late and watching price/taking notes/reading Dee's posts. I started getting sloppy and losing discipline/chasing price. I will take trades here and there, but for the most part I'm building up my confidence and patience.
Best, Josh
back to DAX. after a trade earlier this morning that went up 45 ticks and stopped BE (dsajfdklnafklvmsanvcjapovkjpadpvkamv 
) i finally got back in. strong move higher earlier this morning, bias the upside. nice triangle forming on m5, poised to break higher. after the clean rejection of the 50 level i jumped in. took some off at the old daily high.
) i finally got back in. strong move higher earlier this morning, bias the upside. nice triangle forming on m5, poised to break higher. after the clean rejection of the 50 level i jumped in. took some off at the old daily high.
Ger30+36+2+10 Hello people. I have not traded earlier as I was on the road most of the day, i did manage to make a few pips later in the day. I caught my dinner for the day, albeit in demo money.
Best, Josh
Best, Josh
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Let it turn and find your entry.