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More simple is impossible

  • #8,061
  • Jan 12, 2017 4:42am Jan 12, 2017 4:42am
DAX +12

My bias was first short and I had really opened a short, too, but then I spotted that unfilled gap and other clues which are marked in the picture. As in that PDF is written - As soon as you find out you are on wrong side of the net order flow, you are going to be on the right side.
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  • #8,062
  • Jan 12, 2017 4:47am Jan 12, 2017 4:47am
Quoting onejester
Hi there Ive been reading this thread with interest, I like the idea of simple. Problem is Ive been having trouble with Renko and offline charts. I have a 3 min which is working perfectly, but when I create one in a higher time frame for reference, the new offline chart either doesnt update/does and stops working and there is no rhyme nor reason. The 3 minute is unaffected by the creation of additional charts, and continues to tick away just nicely. Now Ive pulled out what little hair I have left after around 3 hours trying different permutations...
Are you opening a new M! for each renco chart you are building??
  • #8,063
  • Jan 12, 2017 4:53am Jan 12, 2017 4:53am
[quote=Matomi;9430845]DAX +12 My bias was first short and I had really opened a short, too, but then I spotted that unfilled gap and other clues which are marked in the picture. As in that PDF is written - As soon as you find out you are on wrong side of the net order flow, you are going to be on the right side. {image}[/quot

Love where your got out on the Renco 1/2 pip chart.....divergence
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  • #8,064
  • Edited 7:48am Jan 12, 2017 6:13am | Edited 7:48am
Hi there, thanks for responding.

I have found the problem, it was with the period converter I was using. Changed it and all is well.

Just to clarify, is this correct and not a typo?:

Applying Dee50's Template

1. Open the M3 timeframe and load the 5 pip renko template.

Surely he means the 3 pip renko template?
'in less than half an hour he made over 100 ticks'
  • #8,065
  • Jan 12, 2017 6:30am Jan 12, 2017 6:30am
Quoting Matomi
DAX +12 My bias was first short and I had really opened a short, too, but then I spotted that unfilled gap and other clues which are marked in the picture. As in that PDF is written - As soon as you find out you are on wrong side of the net order flow, you are going to be on the right side. {image}
Matomi , I love that quote , "As soon as you find out you are on wrong side of the net order flow , you are going to be on the right side."

Perfect.
"Define the risk OUT of your trade"--Mark Douglas
  • #8,066
  • Jan 12, 2017 8:11am Jan 12, 2017 8:11am
[quote=PhilippineFX;9430896]
Quoting Matomi
DAX +12 My bias was first short and I had really opened a short, too, but then I spotted that unfilled gap and other clues which are marked in the picture. As in that PDF is written - As soon as you find out you are on wrong side of the net order flow, you are going to be on the right side. {image}[/quot Love where your got out on the Renco 1/2 pip chart.....divergenceScreenshot1.png;2137099 {image}
Thanks Phil, next time I will doubt about my exit I will check the lower TFs as well . I think I will join to you with that London trading, it makes me cry when I see you riding that spikes and I am trying to collect pips in that mess after London.

Quoting GreenEarth
{quote} Matomi , I love that quote , "As soon as you find out you are on wrong side of the net order flow , you are going to be on the right side." Perfect.
That is really great book, I recommend it to everybody who need to get or confirm the right mentality about trading. Also the only one which make my brain hurts after I read it, when I am trying to catch pips on the end of cycle or enter against S/R or HTF TL.
  • #8,067
  • Jan 12, 2017 8:22am Jan 12, 2017 8:22am
Quoting PhilippineFX
4 trades on the Dax 30 in the first hour after the LO.......taken on the M1...+2 +15 +4 and BE...........there as a -6 pip loss on a trade taken 10 minutes after Germany opened....falls under the category of not too bright.....i included a shot of the Renco 2 covering the tradesScreenshot1.png;2136928 {image}
Are you leaving Renkos ?
  • #8,068
  • Jan 12, 2017 8:27am Jan 12, 2017 8:27am
Quoting onejester
Hi there, thanks for responding. I have found the problem, it was with the period converter I was using. Changed it and all is well. Just to clarify, is this correct and not a typo?: Applying Dee50's Template 1. Open the M3 timeframe and load the 5 pip renko template. Surely he means the 3 pip renko template?
M3 is one of the offline charts. You can assign there what you want, renko 1 or 2 or 3 or whatever.
You can use all "M"s but dont use those that is using Meta Trader. That mean you cant use M1 , M5, M15, M30, M60, etc.
  • #8,069
  • Jan 12, 2017 9:04am Jan 12, 2017 9:04am
Quote
M3 is one of the offline charts. You can assign there what you want, renko 1 or 2 or 3 or whatever.
You can use all "M"s but dont use those that is using Meta Trader. That mean you cant use M1 , M5, M15, M30, M60, etc.

Thanks for clarifying. That was the last piece of the puzzle
'in less than half an hour he made over 100 ticks'
  • #8,070
  • Jan 12, 2017 5:02pm Jan 12, 2017 5:02pm
Quoting xian
{quote} Are you leaving Renkos ?
Not at all.....I have always used a combination of renco and standard charts.....when the price goes flat a single 5 pip renco just sits there but the M1 paints away giving you the full picture....
I am just running an experiment to see how Divergence`s style of trading off of a single chart works for me.....It is helping me fine tune entries.....this is not to say I am totally ignoring the HTF....just focusing on the smaller TF for entry
For the past few months the dax has seen its ADR cut in half from early last year.....scalping is the only way to day trade this thing safely at the moment which by default highlights the LTF charts
  • #8,071
  • Jan 13, 2017 4:07am Jan 13, 2017 4:07am
Dax 30.....+9 -3 +1 +1 +5.........talk about a grinding 2 hours....So far today the dax has moved from HOD to LOD for a grand total of 31 pips.......I took these trades off of the Renco 1 and 1/2 pip charts as well as some help from the M1......there was one trade that went to a bit of DD before closing for +1
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  • #8,072
  • Jan 13, 2017 4:15am Jan 13, 2017 4:15am
Quoting PhilippineFX
Dax 30.....+9 -3 +1 +1 +5.........talk about a grinding 2 hours....So far today the dax has moved from HOD to LOD for a grand total of 31 pips.......I took these trades off of the Renco 1 and 1/2 pip charts as well as some help from the M1......there was one trade that went to a bit of DD before closing for +1Screenshot1.png;2138944 {image}
Nice going! I managed to squeeze out 7 points and a BE so far. It is kind of fun trading the 1 point RBs or Renkos.
Invincibility lies in the defence; the possibility of victory in the attack
  • #8,073
  • Jan 13, 2017 4:17am Jan 13, 2017 4:17am
Quoting BBalazs
{quote} Nice going! I managed to squeeze out 7 points and a BE so far. It is kind of fun trading the 1 point RBs or Renkos.

Making money is always fun..
  • #8,074
  • Jan 13, 2017 4:19am Jan 13, 2017 4:19am
Quoting BBalazs
{quote} Nice going! I managed to squeeze out 7 points and a BE so far. It is kind of fun trading the 1 point RBs or Renkos.
When the market is flat like this its amazing how much useful info you can find on a 1/2 pip range/renco
  • #8,075
  • Jan 13, 2017 4:40am Jan 13, 2017 4:40am
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  • #8,076
  • Jan 13, 2017 4:31pm Jan 13, 2017 4:31pm
No matter what instrument,method, or time frame you are trading there is a lot to learn from watching Divergence`s videos as he trades the e-mini Naz.....its a lesson in patience and discipline....

Inserted Video
  • #8,077
  • Jan 15, 2017 3:10am Jan 15, 2017 3:10am
Quoting PhilippineFX
No matter what instrument,method, or time frame you are trading there is a lot to learn from watching Divergence`s videos as he trades the e-mini Naz.....its a lesson in patience and discipline.... https://youtu.be/-UGeFo_QYSY
Experience clearly plays an important role in his trade management. He is quite flexible.
Invincibility lies in the defence; the possibility of victory in the attack
  • #8,078
  • Jan 15, 2017 6:43am Jan 15, 2017 6:43am
Does it gets any clearer than this? Mladen's HA offline chart applied to Renko bars.
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Invincibility lies in the defence; the possibility of victory in the attack
  • #8,079
  • Jan 16, 2017 5:10am Jan 16, 2017 5:10am
Dax -5, + 26, +5, -7, +2, -6.......very choppy day with a range of only 50 pips to work with....feel luck to got the +15 total....
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  • #8,080
  • Jan 16, 2017 5:22am Jan 16, 2017 5:22am
DAX (+25 Total)

Lame PA and a lot of distractions while trading (premature closes as I had to walk away from the screen). Closing shop for the day as there is a holiday in the US.
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Invincibility lies in the defence; the possibility of victory in the attack
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