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  • #7,781
  • Oct 28, 2016 10:21am Oct 28, 2016 10:21am
Quoting erkro
I avoid to trade the first hour of the Dax, but today it was a mistake, was late but it is ok. +27 pips and pips are pips. :-) {image}
Nice trade.
I've been having difficult times with trading, mainly due stops.

What trade manager are you using? Maybe I'll try automated SL and see how it goes from there.
  • #7,782
  • Oct 28, 2016 11:27am Oct 28, 2016 11:27am
Quoting cfabian
{quote} Nice trade. I've been having difficult times with trading, mainly due stops. What trade manager are you using? Maybe I'll try automated SL and see how it goes from there.
Hi cfabian, thanks!
I use sleeptight, found it in this thread, but I only use it to set my emergency stop immediately, dont use it for breakeven etc...
When my stop is set and I want to trail the sl or set it to be, I turn the ea off and pull the sl manually.
Thats the ea.
Attached File(s)
File Type: ex4 sleeptight.ex4   10 KB | 322 downloads
  • #7,783
  • Oct 28, 2016 11:32am Oct 28, 2016 11:32am
Quoting erkro
{quote} Hi cfabian, thanks! I use sleeptight, found it in this thread, but I only use it to set my emergency stop immediately, dont use it for breakeven etc... When my stop is set and I want to trail the sl or set it to be, I turn the ea off and pull the sl manually. Thats the ea. {file}
Whats your emergency or immediate SL?
  • #7,784
  • Oct 28, 2016 11:33am Oct 28, 2016 11:33am
Quoting cfabian
{quote} Whats your emergency or immediate SL?
15-20 pips, depends if I trade renko3 or renko5.
But for me it is only a emergency stop, when a trade goes against me most of the time I close it maually.
  • #7,785
  • Nov 1, 2016 8:10am Nov 1, 2016 8:10am
Hello i am new to this thread and i wanted to know if somebody can tell me where i can get the trend line indicator (100wlma)shown in the first few posts.
Thanx in advance

Cello
  • #7,786
  • Nov 1, 2016 11:12pm Nov 1, 2016 11:12pm
Inserted Video



here is renko trading ,but template is alien ... nice trending chart
  • #7,787
  • Nov 2, 2016 12:24am Nov 2, 2016 12:24am
Inserted Video


last night entries but i did not had time to took it. i will try to share videos when i get free.. hope it will help to u..
  • #7,788
  • Nov 2, 2016 5:30am Nov 2, 2016 5:30am
Well worth the couple hours it takes to watch


Inserted Video
  • #7,789
  • Nov 2, 2016 9:19am Nov 2, 2016 9:19am
Nice !!!!!
Thx Philippine !!!
  • #7,790
  • Nov 2, 2016 10:21am Nov 2, 2016 10:21am
Quoting PhilippineFX
Well worth the couple hours it takes to watch https://www.youtube.com/watch?v=GhKJ9P3agRc
Very good!
Thanks for the reminder, have to read his book again!
  • #7,791
  • Nov 2, 2016 1:56pm Nov 2, 2016 1:56pm
Quoting PhilippineFX
Well worth the couple hours it takes to watch https://www.youtube.com/watch?v=GhKJ9P3agRc
Certainly the best book I have read on trading so far. I actually got my hands on the audiobook as well, just finished listening to it for the 4th time.
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,792
  • Nov 2, 2016 2:58pm Nov 2, 2016 2:58pm
Quoting PhilippineFX
Well worth the couple hours it takes to watch https://www.youtube.com/watch?v=GhKJ9P3agRc
Many thanks Phil, one of the old gold-mines First, I was paralyzed by cadency of both guys, really hard to stay in context for me as not natural english speaking one, but god bless youtube for subtitles.

Btw, do somebody trade XAU/USD (gold) here in thread ? Actually I have DAX, DOW, XAU in the platform, all high volatile instruments. Impressive how DAX and DOW are very similiar and technically they both react on the same S/R, BRN, patterns, but XAU is like absolutely different one, with its own story
  • #7,793
  • Nov 2, 2016 4:20pm Nov 2, 2016 4:20pm
Quoting Matomi
{quote} Many thanks Phil, one of the old gold-mines First, I was paralyzed by cadency of both guys, really hard to stay in context for me as not natural english speaking one, but god bless youtube for subtitles. Btw, do somebody trade XAU/USD (gold) here in thread ? Actually I have DAX, DOW, XAU in the platform, all high volatile instruments. Impressive how DAX and DOW are very similiar and technically they both react on the same S/R, BRN, patterns, but XAU is like absolutely different one, with its own story
I do trade Gold. Actually, DAX and Gold. Indexes are moving in a very similar fashion, just pull up the chart of CAC or FTSI. Same moves as DAX's, only a little less volatile.
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,794
  • Nov 2, 2016 6:12pm Nov 2, 2016 6:12pm
Hello,

Someone here trade DAX?

Using this strategy?

Can help me with something?
  • #7,795
  • Nov 3, 2016 12:42am Nov 3, 2016 12:42am
Here is a good example of how to use the renco 1 chart to fine tune your entry on a 1234 trade...
.....the horizontal yellow line is at the same price point on both the renco 5 and 1 chart
.....on the ren 5 chart the range is clearly broken with LL`s and LH`s resulting in a continuance of the HTF down trend
.....the first leg of the 1234 has been established and price has headed north to what may become the up-leg of this 1234.....
.....the big question is at what point do we consider the #3 point of the 1234 established??
.....Staring at the wiglets of a renco 5 brick can represent up to 14 pips of PA
it is all but impossible to see with any degree of certainty where the 3rd leg down will begin
.....here is where switching to the renco 1 chart can help you fine tune your entry and keep you from getting stopped out.
.....take a look at the wealth of information in that 13 pip range at the top of the ren 1....then look at the last brick on the renco 5 chart ask yourself what is going on??
.....hidden inside that last renco 5 brick are a trend line break,a series of 5 LL/LH`s and the icing on the cake a solid divergence....yes the divergences on a renco 1 charts are just as valid as on the renco 5 or 10 charts.....i know a trader who scalps using divergences on the 3 second chart.
.....in a stronger moving trend you may do better with the renco 2 chart to fine tune entry
Attached Image (click to enlarge)
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  • #7,796
  • Nov 3, 2016 2:40am Nov 3, 2016 2:40am
Quoting PhilippineFX
Here is a good example of how to use the renco 1 chart to fine tune your entry on a 1234 trade... .....the horizontal yellow line is at the same price point on both the renco 5 and 1 chart .....on the ren 5 chart the range is clearly broken with LL`s and LH`s resulting in a continuance of the HTF down trend .....the first leg of the 1234 has been established and price has headed north to what may become the up-leg of this 1234..... .....the big question is at what point do we consider the #3 point of the 1234 established?? .....Staring at the wiglets...
Thanks for the very good explanation, really great!! (Thumbs up does not work :-) )
I took this one, is it to early?
I mean only the first trade, was around 15 pips....... forget the second one, it was a demo trade.
Attached Image (click to enlarge)
Click to Enlarge Name: R5.png Size: 30 KB
  • #7,797
  • Nov 4, 2016 1:00am Nov 4, 2016 1:00am
Quoting LuizSchiavi
Hello, Someone here trade DAX? Using this strategy? Can help me with something?

trading both dax and dowjones, hope this video may helps to u ... it is anther view for renko trading .. 50 pips trading entry ..

Inserted Video
  • #7,798
  • Nov 4, 2016 10:09am Nov 4, 2016 10:09am
Dax 30......+23......got in a bit early but the 3 day downward trend held
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
  • #7,799
  • Nov 6, 2016 4:50pm Nov 6, 2016 4:50pm
I think this PDF is worth to share with you all. Just one of the first sentences convinced me to read whole 15 pages: Also, trend following appears to be too simple an idea to be taken seriously.

It is file uploaded here in forum by user CrucialPoint who first mentioned by Dee somewhere on the first pages of this thread. Actually, this is link of his "extracted thread" which was the reason why Dee mentioned him: http://www.forexfactory.com/showthread.php?p=3400462 Probably the most lettered trader I have ever seen. Interesting how the at first less important things becoming still more important.
Attached File(s)
File Type: pdf Stig Ostgaard - Origins of Trend Trading.pdf   60 KB | 604 downloads
  • #7,800
  • Nov 6, 2016 8:07pm Nov 6, 2016 8:07pm
Quoting Matomi
I think this PDF is worth to share with you all. Just one of the first sentences convinced me to read whole 15 pages: Also, trend following appears to be too simple an idea to be taken seriously. It is file uploaded here in forum by user CrucialPoint who first mentioned by Dee somewhere on the first pages of this thread. Actually, this is link of his "extracted thread" which was the reason why Dee mentioned him: http://www.forexfactory.com/showthread.php?p=3400462 Probably the most lettered trader I have ever seen. Interesting how the...
Pay attention to Matomi folks.....he is a smart young man...
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