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  • #7,481
  • Jul 18, 2016 12:29am Jul 18, 2016 12:29am
Hi dax and renko traders

today i like to share nice indi with u .. i know lot of guys finding renko suitable indis.. but the matter is very few indis are match with renko charts and lot of indis make zig zag ..

if u are very good surfer in forex factory u may know about this and met this before.. if not then take it and try it.. some screen shots are here.

cheers !!!
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: ex4 RSIOMA Light.ex4   5 KB | 343 downloads
File Type: mq4 RSIOMA Light.mq4   4 KB | 433 downloads
  • #7,482
  • Jul 18, 2016 2:33am Jul 18, 2016 2:33am
Anyone looking at the Dax 4hr......seems to be hunting the pre Brexit gap of 10340
As i posted this my trade was stopped out for +3
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  • #7,483
  • Jul 18, 2016 2:39am Jul 18, 2016 2:39am
Quoting PhilippineFX
Anyone looking at the Dax 4hr......seems to be hunting the pre Brexit gap of 10340 As i posted this my trade was stopped out for +3 {image}
I am watching. Looks like a BPC may form soon. Best, Josh
  • #7,484
  • Jul 18, 2016 2:50am Jul 18, 2016 2:50am
Quoting JoshuaHope
{quote} I am watching. Looks like a BPC may form soon. Best, Josh
Weale spoke and screwed that move up
  • #7,485
  • Jul 18, 2016 2:53am Jul 18, 2016 2:53am
Quoting PhilippineFX
{quote} Weale spoke and screwed that move up
Lol, indeed.
  • #7,486
  • Jul 18, 2016 2:56am Jul 18, 2016 2:56am
Quoting JoshuaHope
{quote} Lol, indeed.
+3 looks good now....
  • #7,487
  • Jul 18, 2016 3:01am Jul 18, 2016 3:01am
Quoting PhilippineFX
{quote} +3 looks good now....
Far too deep pullback to my liking. Might roll over here as the "breakout" could actually be a 2B. I will watch until the picture is clearer. Neither scenario has the edge at this point. I will feel more confident about the BPC up idea once we clear 10115.
  • #7,489
  • Jul 18, 2016 3:34am Jul 18, 2016 3:34am
Quoting JoshuaHope
{quote} Far too deep pullback to my liking. Might roll over here as the "breakout" could actually be a 2B. I will watch until the picture is clearer. Neither scenario has the edge at this point. I will feel more confident about the BPC up idea once we clear 10115.
Good call......
  • #7,490
  • Jul 18, 2016 3:40am Jul 18, 2016 3:40am
Quoting JoshuaHope
{quote} Far too deep pullback to my liking. Might roll over here as the "breakout" could actually be a 2B. I will watch until the picture is clearer. Neither scenario has the edge at this point. I will feel more confident about the BPC up idea once we clear 10115.
GER30 +39 - Got some... "A pip in hand is worth two in the bush" lol
Best, Josh
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  • #7,491
  • Jul 18, 2016 3:49am Jul 18, 2016 3:49am
Quoting JoshuaHope
{quote} GER30 +39 - Got some... "A pip in hand is worth two in the bush" lol Best, Josh {image}
  • #7,492
  • Jul 18, 2016 3:50am Jul 18, 2016 3:50am
Quoting PhilippineFX
{quote} Good call......
Thanks. I was looking for the BRN as the last reliable reversal point for it to go up. Once failed, took my short.
  • #7,493
  • Jul 18, 2016 3:55am Jul 18, 2016 3:55am
Quoting Intrepidpips
I am thinking that it would just make my life so easy if I could just wait for the turn and find a profitable entry, so I turned to the Beast -GBPJPY and I found out the 5 days ADR is an amazing 304.6 pips, and just 10% of that is needed to keep my equity curve rising to the moon. So I'm considering ditching Cable for the Beast. A great strategy would be to get an ADR Dashboard and just pitch your tent with the highest. {image} {image} {image}
Hi Intrepidpips,
Just wanted to check with you your rules for trading using the SM Ultrasuper trix.

From your charts it looks like:
- you wait for a HTF MACD colour change, then use the SM Ultrasuper trix on the LTF to enter the first pullback in the direction of the HTF MACD?
- Do you use up ticks/down ticks in the indicator as well as the arrows as signals to enter?
- What signals do you use to exit?
- Do you take into account the position/slope of the MAs on your charts?
- Is there any other criteria you look for in your entries?
- Presumably this doesn't work too well if price is in a tight range and the HTF MACD is constantly chnaging colour?
- Have you tried an even higher time frame than 14 renko such as 20 renko?
- One last thing, did you draw the numbers in box where the MACD cross occurred manually or is that an indicator as well?

Thanks
  • #7,494
  • Jul 18, 2016 8:06am Jul 18, 2016 8:06am
dax 30....+2 +22
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  • #7,495
  • Jul 18, 2016 8:46am Jul 18, 2016 8:46am
Dax 30.....+26.......nice start for the week....time to get some sleep....
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  • #7,496
  • Jul 18, 2016 9:34am Jul 18, 2016 9:34am
Quoting PhilippineFX
Dax 30.....+26.......nice start for the week....time to get some sleep....{image}
Nice!
  • #7,497
  • Jul 18, 2016 11:11am Jul 18, 2016 11:11am
Day of indecision. The 4H pin bar has now been retraced to 61.8%. The 123 i expect to fail, lets see what happens. Maybe we do get a end of the day run down?
Best, Josh
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  • #7,498
  • Jul 19, 2016 2:28am Jul 19, 2016 2:28am
Ger30 + 3 +21. Went for a close gap trade and missed my short entry while annotating..lol.
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  • #7,499
  • Jul 19, 2016 5:08pm Jul 19, 2016 5:08pm
Quoting Nelson35a
{quote} Hi Intrepidpips, Just wanted to check with you your rules for trading using the SM Ultrasuper trix. From your charts it looks like: - you wait for a HTF MACD colour change, then use the SM Ultrasuper trix on the LTF to enter the first pullback in the direction of the HTF MACD? - Do you use up ticks/down ticks in the indicator as well as the arrows as signals to enter? - What signals do you use to exit? - Do you take into account the position/slope of the MAs on your charts? - Is there any other criteria you look for in your entries? - Presumably...
Good questions which I'd answer when I fix my computer. Those numbers are actually arrows on the mt4 terminal marking specific prices you choose to highlight and in my case I'm highlighting the close price of the HTF bar where THE HTF MACD crossed in the LTF.
Let it turn and find your entry.
  • #7,500
  • Jul 20, 2016 4:26am Jul 20, 2016 4:26am
Dax 30......+48 +52.....
1/2/3/4.....etc/etc/etc/etc
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