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  • #7,501
  • Jul 20, 2016 8:34am Jul 20, 2016 8:34am
Quoting PhilippineFX
Dax 30......+48 +52..... 1/2/3/4.....etc/etc/etc/etc{image}
I am falling for Dax.
Let it turn and find your entry.
  • #7,502
  • Jul 21, 2016 1:31am Jul 21, 2016 1:31am
Is this the final run to fill the gap????
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  • #7,503
  • Jul 21, 2016 2:15am Jul 21, 2016 2:15am
Quoting PhilippineFX
Is this the final run to fill the gap????{image}
Anything is possible. I took a look at the weekly...also many possibilities...
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  • #7,504
  • Jul 21, 2016 2:43am Jul 21, 2016 2:43am
my humble scalp.hd bullish.
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  • #7,505
  • Jul 21, 2016 2:53am Jul 21, 2016 2:53am
Quoting PhilippineFX
Is this the final run to fill the gap????{image}
Apparently not at this time......stopped out at -3
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  • #7,506
  • Jul 21, 2016 3:42am Jul 21, 2016 3:42am
Dax + 46..........the move down was kick-started by negative GB news....It matched up nicely with the LHLL trend...
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  • #7,507
  • Jul 21, 2016 4:11am Jul 21, 2016 4:11am
Quoting Intrepidpips
{quote} I am falling for Dax.
Its seldom boring......one very successful trader i know bases his system by netting 8-20 pips a day......the dax provides that safely for those with discipline
  • #7,508
  • Jul 21, 2016 4:12am Jul 21, 2016 4:12am
Quoting PhilippineFX
Dax + 46..........the move down was kick-started by negative GB news....It matched up nicely with the LHLL trend...{image}
Bravo. I missed that as I was at the beach
  • #7,509
  • Jul 21, 2016 4:14am Jul 21, 2016 4:14am
Quoting Intrepidpips
{quote} 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.
Thanks Intrepidpips. Other answers will be much appreciated when you get you computer up and running again.
  • #7,510
  • Jul 21, 2016 10:53am Jul 21, 2016 10:53am
Quoting Nelson35a
{quote} Hi Intrepidpips, Just wanted to check with you your rules for trading using the SM Ultrasuper trix. From your charts Thanks
Back in the game now so I can answer your questions,
#1,2 &3 the trix is a "super duper divergence" indicator (maybe the best I've used so far) but not the best entry indicator, the entry most of the time is the full body bar close below or above the 3EMA . Sometimes the trix will warn you against entering on the break of the 3EMA with a divergence.
For exits a range of criteria, like 2:1 or 1:1 R/R, Divergence forming against my position, S&R lines, Asian Session High/Low level (and when I cave in out of fear and price ultimately exceeds my TP, which I still have to work on)
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #7,511
  • Jul 21, 2016 10:54am Jul 21, 2016 10:54am
Quoting Nelson35a
{quote} Hi Intrepidpips, Just wanted to check with you your rules for trading using the SM Ultrasuper trix. From your charts
#4,5 The MA slope is a visual guide sort of dynamic S&R, sometimes price can bounce-off them to continue a move in the HTF, I have been trying to "curve-fit" the MAs but it's not been easy, the best I've come up with is to multiply the MA of the HTF by 4 to obtain it's "replica" in the LTF, worst is MTF MAs they have so far been found wanting in Renko charts.
I also look for the H4 trend, it can be bread and butter when you catch the pullback, although sometimes price may just shoot away without the pullback or just go sideways and exasperate you before acquiring direction.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #7,512
  • Jul 21, 2016 10:55am Jul 21, 2016 10:55am
[quote=Nelson35a;9035048]{quote} Hi Intrepidpips, Just wanted to check with you your rules for trading using the SM Ultrasuper trix. From your charts i/quote]

#6,7 Yeah the market is a "whore" the bears may be the highest bidders and take control and you are signaled short and just after you find an entry on the LTF, the Bulls bid higher and the market dumps you. So no trade is guaranteed until you are stopped out for profit or loss.
I have not gone above 14
Let it turn and find your entry.
  • #7,513
  • Jul 21, 2016 11:29am Jul 21, 2016 11:29am
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}
Tried my hands on the Beast that day but I tried to catch the top but the previous pattern of Regular divergence refused to yield success for me, now I see why they call GBPJPY the Dragon or Beast. I learned a lesson to stay away when the Trix is showing Divergence at my entry and wait for a range break-out or break-down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 229.png Size: 65 KB
Click to Enlarge Name: RENKO 230.png Size: 80 KB
Let it turn and find your entry.
  • #7,514
  • Jul 21, 2016 9:04pm Jul 21, 2016 9:04pm
Quoting JoshuaHope
{quote} Bravo. I missed that as I was at the beach
Thx.....it took a few minutes for the news to get digested but when it was she was done and dusted in less than 3 minutes...
  • #7,515
  • Jul 22, 2016 4:29pm Jul 22, 2016 4:29pm
Quoting amoc
Hello intrepidpips, i would like to ask you for the indicator swingman ultrasuper and its setting you used on your charts above, thanks
http://www.forexfactory.com/showthre...32#post8888632
Let it turn and find your entry.
  • #7,516
  • Jul 22, 2016 5:41pm Jul 22, 2016 5:41pm
[quote=Intrepidpips;9042380]
Quoting Nelson35a
{quote} . I have not gone above 14
One of the tools that the OVO Renko builder provides is the Omnia Auto range and I applied it to my LTF chart and it gave me 8.3 pips so that means if I were to go by that, my HTF would be 16.6 pips.

What I then did was to multiply 16.6 by 4 to arrive at 66.6 for my MA in the LTF.

Looks interesting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RENKO 231.png Size: 70 KB
Click to Enlarge Name: RENKO 232.png Size: 69 KB
Let it turn and find your entry.
  • #7,517
  • Jul 23, 2016 12:09pm Jul 23, 2016 12:09pm
Hello, folks; and thank you for an interesting thread.

Murrey Math does a fairly good job of catching long/short trades on Renko charts, and I'm surprised it hasn't been explored further on this thread (except for a brief exchange between BBalzas and bettervolume last March).

At the request of a friend, I've been trying to port my Sierra Chart studies over to Metatrader (which is how I came across this thread). I find both Metatrader and MQL4 very frustrating so I'm giving up. Reading the discussion on the various flavours of "pimped", "ovo" and what-have-you makes me even more doubtful I'd get anywhere.

Anyhow, even my poor attempt at the translation thus far seems to produce some interesting results if any of you guys wants to pursue this further. The attached chart uses Mathtrader's script for generating renko bricks.

If there's a coder here interested in taking over the development of an indicator and possibly an auto-trading bot later, please send me a private message. For me, it's back now to the comfort of Sierra's sc.Index and adios to MT's iBarshift.

Good trading to you all.
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  • #7,518
  • Jul 23, 2016 1:23pm Jul 23, 2016 1:23pm
Quoting zambi64
Hello, folks; and thank you for an interesting thread. Murrey Math does a fairly good job of catching long/short trades on Renko charts, and I'm surprised it hasn't been explored further on this thread (except for a brief exchange between BBalzas and bettervolume last March). At the request of a friend, I've been trying to port my Sierra Chart studies over to Metatrader (which is how I came across this thread). I find both Metatrader and MQL4 very frustrating so I'm giving up. Reading the discussion on the various flavours of "pimped", "ovo" and...
Sierra Charts is definetly better, I sure as hell would stick with it

The renko builders are fairly similar, except the OVO saves tick data as long as the MT4 is running.
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,519
  • Jul 24, 2016 12:35am Jul 24, 2016 12:35am
Just had a good laugh at my own expense. You see, for the past week I have been looking for trades on the chart, mostly 5 pip and I did end up catching some of the moves which is great. I started the session and wondered what is going on, where are we going...
While reviewing my charts, I just had to say to myself - wow, I am an idiot. Why? Because in hindsight, just looking at the action for the week, I see that most of the moves could have been easily predicted to a good degree...or at least given strong indication, if only I had kept the big picture in mind. It also tells me that I still have to train my eyes.... and I really should move my decision making process to the 10 pip chart. If I had done this, the trade process for the whole week would have been more confident and proficient without too much second guessing. Take a look at the charts and see what I mean...
Also, take a look at the small 123 i marked as "unconventional". It is actually very common and many big moves form from it. Its always the start point that is at the end of the trend, and I would argue that its purpose is to fool the "untrained" investors into a bear trap.
Have a good weekend everyone.
Best, Josh
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  • #7,520
  • Jul 24, 2016 3:54am Jul 24, 2016 3:54am
Quoting JoshuaHope
Just had a good laugh at my own expense. You see, for the past week I have been looking for trades on the chart, mostly 5 pip and I did end up catching some of the moves which is great. I started the session and wondered what is going on, where are we going... While reviewing my charts, I just had to say to myself - wow, I am an idiot. Why? Because in hindsight, just looking at the action for the week, I see that most of the moves could have been easily predicted to a good degree...or at least given strong indication, if only I had kept the big...
You asked the question on the ren 5 chart..:"What could I have used to see the potential reversal areas?"......there was a trendline break to the upside on the RENCO 5 as well as a double bottom.....these are old school tools but often have value
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