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  • #7,921
  • Dec 13, 2016 5:27pm Dec 13, 2016 5:27pm
Quoting matmomo
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,...
Bravo...
  • #7,922
  • Dec 13, 2016 5:30pm Dec 13, 2016 5:30pm
Quoting Matomi
{quote} I am sure that your thousands of lots pushing price up are reason why it hit TP...
LOL.....yes my Ice-burg Trades move the worlds economy ......
  • #7,923
  • Dec 13, 2016 5:41pm Dec 13, 2016 5:41pm
Quoting Tanveer87
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? {image}
Hi Tanveer87,
Could you let me know what brick size you use, the Moving Averages and what set of Stoch you have?

Then about your trade you entred near a double top, i signed with yellow line.
And if you note the stoch, it formed a bearish divergence. So if you want take that risky trade you have to put your Stop loss @ break even after you're in profit of one brick. Or take profit @ one brick.
Your Stop Loss was too big.

I signed with yellow circle two good entry. I think your MA are too slow for your brick size. The second trade i suggest you is calculated after the break of the double bottom that you see on the left.

I hope that all is clear, if not feel free to ask.

Bye
Attached Image
  • #7,924
  • Dec 13, 2016 5:45pm Dec 13, 2016 5:45pm
Quoting matmomo
{quote} Hi Tanveer87, Could you let me know what brick size you use, the Moving Averages and what set of Stoch you have? Then about your trade you entred near a double top, i signed with yellow line. And if you note the stoch, it formed a bearish divergence. So if you want take that risky trade you have to put your Stop loss @ break even after you're in profit of one brick. Or take profit @ one brick. Your Stop Loss was too big. I signed with yellow circle two good entry. I think your MA are too slow for your brick size. The second trade i suggest...
First of all i am very thankful for your detailed explanation. I am using 5 pips brick size. And stoch is 8,3,3 and i have downloaded indicator from this thread.

Could you please write down most important posts which should i need to read? And could you help me out with the settings of the brick size and other indis? Sorry for my bad english i am not native english speaker.
  • #7,925
  • Edited 10:45pm Dec 13, 2016 10:30pm | Edited 10:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 120 KB

well getting ready to trade I am using renko 5 brick, fibb and macd. Wainting until HMA givme the signal
  • #7,926
  • Edited 11:06am Dec 14, 2016 2:25am | Edited 11:06am
Quoting Tanveer87
{quote} First of all i am very thankful for your detailed explanation. I am using 5 pips brick size. And stoch is 8,3,3 and i have downloaded indicator from this thread. Could you please write down most important posts which should i need to read? And could you help me out with the settings of the brick size and other indis? Sorry for my bad english i am not native english speaker.
Hi Tanveer87,
don't worry about your english, isn't my native language too, the important thing is being able to understand each other.
I am attaching a list of links where you can find many interesting and very useful files. including the collection Dee50's posts that I consider fundamental to understand this strategy.
The last link is the basic template, (don't worry if you read 10pips brik on it, you use the 5pips brik) suggests you to use that so you can check things out that studies with your graphics.
Read and study well the files, do this several times and you will see that slowly everything will seem clearer. He studied the files in the order like you put them. For any question'm here.

http://www.forexfactory.com/showthre...63#post7914063
http://www.forexfactory.com/showthre...59#post8095459
http://www.forexfactory.com/showthre...35#post8020835
http://www.forexfactory.com/showthre...31#post8627931
http://www.forexfactory.com/showthre...14#post8916714
http://www.forexfactory.com/showthre...46#post9210446

http://www.forexfactory.com/showthre...51#post8654251
  • #7,927
  • Edited 4:38am Dec 14, 2016 2:48am | Edited 4:38am
Dax +10pips
First trade of the day,
Price bounced off Pivot + Divergence + HA brick break the channel + Stoch point up.
Quickly exit on Ema50 (not show sorry)
Happy pips to all
Bye
Attached Image (click to enlarge)
Click to Enlarge Name: Renko 14-12.JPG Size: 83 KB
  • #7,928
  • Dec 14, 2016 10:13am Dec 14, 2016 10:13am
DAX +7

Small one, but I jumped in with 3 lots for quick pips. I was waiting for Crude oil news, but nothing happened after that, probably everybody waiting for FOMC.
Attached Image (click to enlarge)
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  • #7,929
  • Dec 14, 2016 10:55am Dec 14, 2016 10:55am
Quoting Matomi
DAX +7 Small one, but I jumped in with 3 lots for quick pips. I was waiting for Crude oil news, but nothing happened after that, probably everybody waiting for FOMC. {image}
Strange & boring market day... nice shot!
  • #7,930
  • Dec 14, 2016 12:18pm Dec 14, 2016 12:18pm
Hi guys,
These are my other 5 trades for today.
All trades are on Dax with Renko 5 brick.

Trade 2: is a continuation in trend trade, my entry is after pull back on Ema 20 and Ema 50 (not show in this chart). Stochs and Rsi10 are up and Cci too. I went out on the Band e near the Daily Open (white dotted line) +11pips.

Trade 3: Trade counter trend, entry on the bounce off after triple bottom. One trade is stopped @ BE. The one before is with exit on the Ema 20. +10pips.

Trade 4: I went in a bit late. HA breakout the channel, went off from the band, stoch pointing North. Exit too quickly but was afraid of a reverse on the Pivot. +8pips.

Trade 5: In trend trade with entry during
The pull back (entry after bounce on Emas but i neede more time for re-test) tp on the double top. +9pips.

Trade 6: Was a classical in trend trade, entry one brick before a possible double bottom, and so i move SL @ BE after 4 pips in profit. Tp @ tested resistance level (see orange line on the left). +10pips.

That's all for today,
Bye
Attached Image (click to enlarge)
Click to Enlarge Name: Renko 14-12 2.JPG Size: 138 KB
  • #7,931
  • Dec 14, 2016 1:20pm Dec 14, 2016 1:20pm
Quoting matmomo
Hi guys, These are my other 5 trades for today. All trades are on Dax with Renko 5 brick. Trade 2: is a continuation in trend trade, my entry is after pull back on Ema 20 and Ema 50 (not show in this chart). Stochs and Rsi10 are up and Cci too. I went out on the Band e near the Daily Open (white dotted line) +11pips. Trade 3: Trade counter trend, entry on the bounce off after triple bottom. One trade is stopped @ BE. The one before is with exit on the Ema 20. +10pips. Trade 4: I went in a bit late. HA breakout the channel, went off from the band,...
Do you trade with SL? No. 5 was in a bit of a drawdown compared to your usual winners. Apart from that nice trades, although I prefer to have a R:R higher than 2:1
Invincibility lies in the defence; the possibility of victory in the attack
  • #7,932
  • Dec 14, 2016 1:28pm Dec 14, 2016 1:28pm
Quoting BBalazs
{quote} Do you trade with SL? No. 5 was in a bit of a drawdown compared to your usual winners. Apart from that nice trades, although I prefer to have a R:R higher than 2:1
Hi Bbalazs, i always use SL. Usually is 15 pips (3 briks). This time the DD was exactly 15 pips. When i have an huge pull back in a trend confirmed from the renko 10 briks i move sl to the previus low and i close half position in loss after 20 pips if the stop on the low is bigger. But usually it non happens and leave my Sl @ 15pips. My strategy often is for chatch 10 /15 pips and i move my Sl to BE +1 after 5/6 pips.
  • #7,933
  • Dec 14, 2016 1:30pm Dec 14, 2016 1:30pm
Quoting matmomo
Hi guys, These are my other 5 trades for today. All trades are on Dax with Renko 5 brick. Trade 2: is a continuation in trend trade, my entry is after pull back on Ema 20 and Ema 50 (not show in this chart). Stochs and Rsi10 are up and Cci too. I went out on the Band e near the Daily Open (white dotted line) +11pips. Trade 3: Trade counter trend, entry on the bounce off after triple bottom. One trade is stopped @ BE. The one before is with exit on the Ema 20. +10pips. Trade 4: I went in a bit late. HA breakout the channel, went off from the band,...
Really nice trading man I have some other stuff to do so only watching it and in few moments I was about to entry and scalp it fast, but then I asked myself: What is fast ? Can you want by market to be fast ? No, so I didnt enter and that is reason why I ended today in + .

Looking forward your next screens !
  • #7,934
  • Dec 14, 2016 2:04pm Dec 14, 2016 2:04pm
Quoting Matomi
{quote} Really nice trading man I have some other stuff to do so only watching it and in few moments I was about to entry and scalp it fast, but then I asked myself: What is fast ? Can you want by market to be fast ? No, so I didnt enter and that is reason why I ended today in + . Looking forward your next screens !
Thanks Matomi, I learn to ride S&R trade just backtesting renko charts, but a lot of time is better to stay with hands in hand just watching the market. Here is the difference between + and -.
  • #7,935
  • Dec 14, 2016 3:12pm Dec 14, 2016 3:12pm
Quoting matmomo
{quote} Hi Tanveer87, don't worry about your english, isn't my native language too, the important thing is being able to understand each other. I am attaching a list of links where you can find many interesting and very useful files. including the collection Dee50's posts that I consider fundamental to understand this strategy. The last link is the basic template, (don't worry if you read 10pips brik on it, you use the 5pips brik) suggests you to use that so you can check things out that studies...
Thank you my friend Let me read and re-read all these and if i have question must ask
  • #7,936
  • Dec 15, 2016 1:48am Dec 15, 2016 1:48am
Quoting matmomo
Hi guys, These are my other 5 trades for today. All trades are on Dax with Renko 5 brick. Trade 2: is a continuation in trend trade, my entry is after pull back on Ema 20 and Ema 50 (not show in this chart). Stochs and Rsi10 are up and Cci too. I went out on the Band e near the Daily Open (white dotted line) +11pips. Trade 3: Trade counter trend, entry on the bounce off after triple bottom. One trade is stopped @ BE. The one before is with exit on the Ema 20. +10pips. Trade 4: I went in a bit late. HA breakout the channel, went off from the band,...
Nice job there :-) Surfing the waves !!!
What bands are you using ? I donīt want to use it but curious :-)
  • #7,937
  • Dec 15, 2016 2:27am Dec 15, 2016 2:27am
Quoting xian
{quote} Nice job there :-) Surfing the waves !!! What bands are you using ? I dont want to use it but curious :-)
Hi Xian, thanks.
The indicator is TMA bands, are bands @20 period based on Adx. I use it just to identify cicle. If interest i'll post the indi. Let me know.
  • #7,938
  • Dec 15, 2016 3:00am Dec 15, 2016 3:00am
Dax ....-5 ... BE+2 x 4........+ 18 Price was going off like a Trump lie detector print-out
Attached Image (click to enlarge)
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  • #7,939
  • Dec 15, 2016 3:56am Dec 15, 2016 3:56am
Hi guys,
Today i start to test in demo a 5bricks renko strategy on Dax. It's an hedge strategy, based on naked chart, just S&R and Pivot. I'll create a Trade Explorer so we'll coul see how it go. Demo account is a 100.000 $ and i trade with 40 lot (40$ per pips).
See you later.
  • #7,940
  • Dec 15, 2016 4:30am Dec 15, 2016 4:30am
DAX +6

I am in hurry as always, but I decided sacrifice time to this nice setup. Exited with small gain, but I was not very confident with holding it against couple of HTF S/Rs.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2.png Size: 54 KB
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