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  • #7,901
  • Dec 12, 2016 8:32am Dec 12, 2016 8:32am
Quoting Matomi
XAU +20 Hello everybody in new week, not working today so I decided to start demo. Absolutely without momentum, but one pretty obvious trade, just look at the bigger picture, clear downtrend, all signals are marked in the screen. {image}
Nice Matomi !!!
I´m taking a lot notes from your comments :-)
  • #7,902
  • Dec 12, 2016 9:03am Dec 12, 2016 9:03am
DAX , 21 pips , Renko 3

HL after Div + S/R + BRN 11150 at Renko 10
Enter after little retarcement at Renko 3.
Out BRN + time to go work LOL. It could be great to let it run a little more.
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  • #7,903
  • Dec 12, 2016 11:46am Dec 12, 2016 11:46am
Hi folks.

I am new to this system.. I have question, before i would start learning this method i want to ask that what is the winning % of this system?

And only renko is enough or we need to overlap renko with hiken aaishe?

Sorry for my bad english i am not native english speaker.
  • #7,904
  • Dec 12, 2016 12:28pm Dec 12, 2016 12:28pm
Quoting xian
{quote} Really true :-) As well as: Generally you know when a trade will go bad 2 seconds after you press the mouse button :-)
No offense Xian but if you really did know it, you would be sippin' Bloody Marys on your yacht
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,905
  • Dec 12, 2016 12:49pm Dec 12, 2016 12:49pm
Quoting BBalazs
{quote} No offense Xian but if you really did know it, you would be sippin' Bloody Marys on your yacht
No offense at all :-)
It was only an ironical joke about the feeling after a bad trade :-)
  • #7,906
  • Dec 12, 2016 1:02pm Dec 12, 2016 1:02pm
Quoting Tanveer87
Hi folks. I am new to this system.. I have question, before i would start learning this method i want to ask that what is the winning % of this system? And only renko is enough or we need to overlap renko with hiken aaishe? Sorry for my bad english i am not native english speaker.
As I can see the method has a HIGH winning % as it is price action. That winning % is decreasing cause the trader ( skills, effort, discipline, MM, etc )
Almost all still alive in this thread are using only Renko, but the original Jaquemate´s system was Renko+Heiken Ashi.
I recommend to you read all the thread, then read DEE50´s PDFs at least twice and pay atention to all posts here from PhilippineFX, Matomi, Bbalazs, Erkro, Cfabian, etc ( not mines yet hehehehe )
  • #7,907
  • Dec 12, 2016 2:11pm Dec 12, 2016 2:11pm
Quoting xian
{quote} As I can see the method has a HIGH winning % as it is price action. That winning % is decreasing cause the trader ( skills, effort, discipline, MM, etc ) Almost all still alive in this thread are using only Renko, but the original Jaquemates system was Renko+Heiken Ashi. I recommend to you read all the thread, then read DEE50s PDFs at least twice and pay atention to all posts here from PhilippineFX, Matomi, Bbalazs, Erkro, Cfabian, etc ( not mines yet hehehehe )

Thanks bro for your detailed answer. I am in now Will post questions if any....

Could we use renko chart in trading simulator?
  • #7,908
  • Dec 12, 2016 2:47pm Dec 12, 2016 2:47pm
Quoting xian
{quote} Nice Matomi !!! Im taking a lot notes from your comments :-)
You are welcome, for me is still every trading day a big lesson, especially days like today when after couple of observational weeks I started with Demo. Now after completely change myself as a trader I can see that it is not so easy to trade correctly... but account growing up easier.


Quoting Tanveer87
Hi folks. I am new to this system.. I have question, before i would start learning this method i want to ask that what is the winning % of this system? And only renko is enough or we need to overlap renko with hiken aaishe? Sorry for my bad english i am not native english speaker.
Welcome to thread, wish you patience to read whole thread with attached PDFs, just to find out yourself that your questions are absolutely irrelevant
  • #7,909
  • Dec 13, 2016 1:33am Dec 13, 2016 1:33am
To Xian!
Thanks for recommending me that he should read my posts.... but I think its much better when he read all posts from PhilippineFX, I read every post from him and copied everything he wrote in this thread....... what he does is real price action trading for me, learned a lot from him!
To Matomi, I like your analysis and also your honesty...... you wrote that you are back on Demo account, I think thats very good..... Yesterday I could not trade the London session but took 2 trades when I came home....it was not a very good day so I was also on Demo again.

The first trade was ok +10.2 pips, the second trade.... I was sure that price will go to the 11.160 support.... BUT I closed too early, so I made only 10 pips.... maybee because everything was so slow yesterday.
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  • #7,910
  • Dec 13, 2016 2:52am Dec 13, 2016 2:52am
Dax 30....so are the big players loading up for a Bull run or getting their profits out for a ride down???.......
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  • #7,911
  • Dec 13, 2016 3:59am Dec 13, 2016 3:59am
Dax BE+2, +11........took the second one on the retrace when price broke out of the channel on the renco1 chart..out in 90 seconds .....with the slow PA the past couple days I`ll take the scalp gladly...

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  • #7,912
  • Dec 13, 2016 4:34am Dec 13, 2016 4:34am
Quoting PhilippineFX
Dax BE+2, +11........took the second one on the retrace when price broke out of the channel on the renco1 chart..out in 90 seconds .....with the slow PA the past couple days I`ll take the scalp gladly... {image}{image}
DAX +10

I was earlier ! + Couple of BEs, jumped out few seconds ago from trade after 15 minutes of "nothing happening".
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  • #7,913
  • Dec 13, 2016 5:14am Dec 13, 2016 5:14am
Quoting erkro
To Xian! Thanks for recommending me that he should read my posts.... but I think its much better when he read all posts from PhilippineFX, I read every post from him and copied everything he wrote in this thread....... what he does is real price action trading for me, learned a lot from him! To Matomi, I like your analysis and also your honesty...... you wrote that you are back on Demo account, I think thats very good..... Yesterday I could not trade the London session but took 2 trades when I came home....it was not a very good day so I was also...
Excellent ones . And yes, I think there is no reason to hide something, you can see my posts from last year when I knew absolutely nothing about trading style like this as well as you can see my posts today, when I pass through almost every PDF, book or other threads which recommends guys here. I let my posts as an example to other traders who comes to this thread, mainly as an idea that you do not need ruin 3x times your Real account to find out you are doing something wrong .

BTW, I was evaluating my yesterday trading and one of the rules from Jason Jankovsky absolutely great fits to it - Overtrading is not only about taking too much trades, it is also about receiving too much informations. As a lettered trader you should know how many trades approximately your strategy or trading style provides you daily. Taking more than strategy offers you is overtradng. But what about observating too many instruments ? Is not it overtrading as well ? Human brain is not able to process more than 5+-2 informations in a moment. Here in thread we are all LTF traders, ask yourself if it is possible in conditions as we trades. I think there is no difference between overtrading and overinformating, both stuns our brain.

So after yesterday I closed my XAU charts and tried today trade only DAX, and I have to admit that I can really see far less hair under my trading chair .

Back to DAX situation - finally some little momentum, and we are getting to the 11320 S/R (look at the H1 chart), there is possible bigger pullback.
  • #7,914
  • Dec 13, 2016 5:25am Dec 13, 2016 5:25am
Quoting Matomi
{quote} DAX +10 I was earlier ! + Couple of BEs, jumped out few seconds ago from trade after 15 minutes of "nothing happening". {image}
You should be proud of that one....I was....not much else to add except how cool was that?!?!?!....
  • #7,915
  • Dec 13, 2016 10:22am Dec 13, 2016 10:22am
XAU +12

Okay, I wrote I closed it, but no momentum on DAX so I opened it again and bingo, grabbed some quick pips in consolidation of big downtrend. Just after that it falled again.
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  • #7,916
  • Dec 13, 2016 10:32am Dec 13, 2016 10:32am
Quoting PhilippineFX
{quote} You should be proud of that one....I was....not much else to add except how cool was that?!?!?!....
I am sure that your thousands of lots pushing price up are reason why it hit TP...
  • #7,917
  • Dec 13, 2016 11:18am Dec 13, 2016 11:18am
XAU +8 +9 +11

That +9 was stupid, but it worked this time, another ones just folowing trend.
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  • #7,918
  • Dec 13, 2016 11:59am Dec 13, 2016 11:59am
Quoting PhilippineFX
Dax BE+2, +11........took the second one on the retrace when price broke out of the channel on the renco1 chart..out in 90 seconds .....with the slow PA the past couple days I`ll take the scalp gladly... {image}{image}

I like it !!!
  • #7,919
  • Dec 13, 2016 12:03pm Dec 13, 2016 12:03pm
Hi to all,
thinking could be interesting for someone,
these are my trades for today.
I use Renko 5 brick and i trade mainly Dax.

First trade is a continuation trend trade i went long after bouce. Trend confirmed by RSI 10 above 55 (lime line) +13pips

Second trade i went short after HA renko cross the band and cange color in the channel. Stoch point south. +16pips

Next trade is a continuation trend trade i went short after bouce on EMA 20. +11pips i close because near band.

Then i went long on a perfect set-up:HA renko change color going over bands, channel and Ema23. +15pips i close because near Pivot.

Last two trade are two buy on double and triple bottom trade. See the divergence in yellow. +20 and +12pips.

bye see you later
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  • #7,920
  • Dec 13, 2016 4:47pm Dec 13, 2016 4:47pm
I am trying to understand this system i took some trades all are negative i am uploading one of my chart... Is there anyone who is willing to help me learning this strategy?
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