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  • #8,321
  • Feb 15, 2017 6:51pm Feb 15, 2017 6:51pm
Quoting dee50
Multiple choice targets. Have I missed some thing? different brains interpret differently. What are your thoughts? {image}
Well it looks like 61.2 to the pip.....great call on the divergence....had an 18 hour power outage yesterday...just looking at yesterdays action..
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  • #8,322
  • Feb 16, 2017 2:27am Feb 16, 2017 2:27am
GER30 +14.6 pips
Now I have to go to work, like Matomi....I know what you mean with after work trading!
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  • #8,323
  • Feb 16, 2017 5:51am Feb 16, 2017 5:51am
DAX +3 +15

I know, second entry looks like some asshole was managing position, but in real after that double top I was waiting only for BRN touch, it was obviously. In the other case I would close with loss after break double top.
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  • #8,324
  • Feb 16, 2017 9:25am Feb 16, 2017 9:25am
Hello people, i have read about renko in the past but have not really used it.
This method sounds interesting and im here to learn.

Im a little confused how HA candle can be combined with renko. Basically they represent different things.
HA is timed based.
wheares renko is price based.

I already have the tms 5 HA candle template. But i want to confirm that when i apply to the m2 chart, i do not overide the renko?
  • #8,325
  • Feb 16, 2017 10:05am Feb 16, 2017 10:05am
Quoting erkro
GER30 +14.6 pips Now I have to go to work, like Matomi....I know what you mean with after work trading! {image}
But you are doing far better than me with trading as a part-time job Btw, how long are you trading like this ?
  • #8,326
  • Feb 16, 2017 11:07am Feb 16, 2017 11:07am
Quoting Matomi
{quote} But you are doing far better than me with trading as a part-time job Btw, how long are you trading like this ?
I think that you are doing far better than me!
I started with rencos around 10 months ago, but was a little playing around, and since around 08.2016 I trade only rencos. Slowly it is getting better. Around 10 years ago I played a playstation game with my son, he had no chance...... now I have absolute no chance against him, because he played (trained) every day. So I think when we are trading the same system and focus only on this system....... every day, we also have a good chance to make a big income from trading.
  • #8,327
  • Feb 16, 2017 12:12pm Feb 16, 2017 12:12pm
GER30. Quite a few trades today, hard work.
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Cut your Losers short and let your Winners run.
  • #8,328
  • Feb 16, 2017 12:14pm Feb 16, 2017 12:14pm
Quoting erkro
{quote} I think that you are doing far better than me! I started with rencos around 10 months ago, but was a little playing around, and since around 08.2016 I trade only rencos. Slowly it is getting better. Around 10 years ago I played a playstation game with my son, he had no chance...... now I have absolute no chance against him, because he played (trained) every day. So I think when we are trading the same system and focus only on this system....... every day, we also have a good chance to make a big income from trading. ...
No more words to add . As soon as you can see routine in the chart you can admit you are on the right way to be consistently in green numbers.
  • #8,329
  • Feb 16, 2017 12:19pm Feb 16, 2017 12:19pm
Quoting cfabian
{quote} HAHAHAHAHAHAHAHA.... somebody is watching you BTW, you're on rangebars now?
Sorry missed your question. Yes I have been running 5 pip Range Bars in tandem with the Renkos, bit like I stopped using the 10 pip Renko as my HTF chart and now use a 30 Minute chart, reason for that is, I want to see what the rest of the market is reacting to, candles and MAs. I also set my S&Rs using the HTF candle charts as you already know.
Cut your Losers short and let your Winners run.
  • #8,330
  • Feb 16, 2017 12:21pm Feb 16, 2017 12:21pm
Quoting billv
Added 61.8% fib levels, they are labeled as NEXT PULLBACK This version is also showing price {file}
Thank you Billy, saves a lot of messing about setting levels manually.
Cut your Losers short and let your Winners run.
  • #8,331
  • Feb 16, 2017 12:23pm Feb 16, 2017 12:23pm
Quoting firsttimer
Hello people, i have read about renko in the past but have not really used it. This method sounds interesting and im here to learn. Im a little confused how HA candle can be combined with renko. Basically they represent different things. HA is timed based. wheares renko is price based. I already have the tms 5 HA candle template. But i want to confirm that when i apply to the m2 chart, i do not overide the renko?
Donīt bother with the HAs, they are a bit pointless on renko Bars.
Cut your Losers short and let your Winners run.
  • #8,332
  • Feb 16, 2017 12:25pm Feb 16, 2017 12:25pm
Quoting erkro
{quote} I think that you are doing far better than me! I started with rencos around 10 months ago, but was a little playing around, and since around 08.2016 I trade only rencos. Slowly it is getting better. Around 10 years ago I played a playstation game with my son, he had no chance...... now I have absolute no chance against him, because he played (trained) every day. So I think when we are trading the same system and focus only on this system....... every day, we also have a good chance to make a big income from trading. ...
I think you are both doing as well as each other!!!! You have both come a long way in a short time and your trading is to be commended, if I had any spare medals I would give you both one.
Cut your Losers short and let your Winners run.
  • #8,333
  • Feb 16, 2017 12:28pm Feb 16, 2017 12:28pm
Thats it for today, concentrating hard for so many hours is knackering for us pensioners.
Cut your Losers short and let your Winners run.
  • #8,334
  • Feb 16, 2017 12:47pm Feb 16, 2017 12:47pm
Quoting Matomi
{quote} No more words to add . As soon as you can see routine in the chart you can admit you are on the right way to be consistently in green numbers.
You are absolute right!
  • #8,335
  • Feb 16, 2017 12:48pm Feb 16, 2017 12:48pm
Quoting dee50
{quote} I think you are both doing as well as each other!!!! You have both come a long way in a short time and your trading is to be commended, if I had any spare medals I would give you both one.
Thanks for the compliment from the master!
  • #8,336
  • Feb 17, 2017 2:43am Feb 17, 2017 2:43am
Hi all i have a mean renko bar from ovo website is it suitable to use that with this strategy as there is many different types of renkos
  • #8,337
  • Feb 17, 2017 2:46am Feb 17, 2017 2:46am
DAX +7 +1 +2 +2

I am done, 12 minutes of work, I would be happy in father's company if he owns hedge fund or trading office. In real, my 8 hour shifts in wood industry have nothing common with that...

Enjoy your weekend, see u monday
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  • #8,338
  • Feb 17, 2017 2:51am Feb 17, 2017 2:51am
Quoting dee50
{quote} I think you are both doing as well as each other!!!! You have both come a long way in a short time and your trading is to be commended, if I had any spare medals I would give you both one.
Thanks Dee Good to know, that also for you it was hard day to make your goal. On the other hand, currently these days are the best teachers .
  • #8,339
  • Feb 17, 2017 3:41am Feb 17, 2017 3:41am
GER30 +62. Only one way but down, Wedge Pattern on HTF, with the upper Trend line in steep nose dive. MP showed singles down below.

I am done for the day.
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Cut your Losers short and let your Winners run.
  • #8,340
  • Feb 17, 2017 3:47am Feb 17, 2017 3:47am
Quoting Matomi
{quote} Thanks Dee Good to know, that also for you it was hard day to make your goal. On the other hand, currently these days are the best teachers .
I would prefer to be working with wood, I like fixing and building things done it my whole life, even as a kid. But bottom line is I can not make a 6 figure income from doing that, especially at 60 an age where I am seen by younger people as being old and senile.
Cut your Losers short and let your Winners run.
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