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  • #8,341
  • Feb 17, 2017 4:02am Feb 17, 2017 4:02am
Here is the 1 Hr chart, every thing is clearer up here. Now I am going. Bye have a good one, we will have torrential rain, again.
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Cut your Losers short and let your Winners run.
  • #8,342
  • Feb 17, 2017 4:03am Feb 17, 2017 4:03am
Dee,

Thanks for all the postings really is a great help. Can I ask a quick question, I noticed you were able to keep the last trade all the way for 62 Pips, If I had placed that trade I would have bailed out earlier when a few Green Bars appeared. Would you mind explaining your thoughts on why you had the wisdom to keep in the trade ? Was it due to the long sell Bar on the 30 Min?

Cheers...Des
  • #8,343
  • Feb 17, 2017 4:06am Feb 17, 2017 4:06am
DAX +16 +42 +20
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  • #8,344
  • Feb 17, 2017 9:38am Feb 17, 2017 9:38am
Quoting trade786
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
Hi, I use the rencos from ovo and it is very good, but I dont know about mean rencos. Sorry!
  • #8,345
  • Feb 17, 2017 10:07am Feb 17, 2017 10:07am
can any1 explain the wicks in the renko chart?

why doesnt it form new candles? it has far exceeded the brick size settings.

is this a characteristic of renko bar during reversal?

i apologize if this has been asked.
Attached Image
  • #8,346
  • Feb 17, 2017 10:48am Feb 17, 2017 10:48am
Quoting firsttimer
can any1 explain the wicks in the renko chart? why doesnt it form new candles? it has far exceeded the brick size settings. is this a characteristic of renko bar during reversal? i apologize if this has been asked. {image}
open chart settings-change box into false(Show wicks true;false)
  • #8,347
  • Feb 17, 2017 1:12pm Feb 17, 2017 1:12pm
Hello everybody!

When I open the offline chart, How can I have the update the candles?
Someone can help me?
  • #8,348
  • Feb 17, 2017 1:59pm Feb 17, 2017 1:59pm
Quoting dee50
{quote} 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.
We have the same vision, I am interested from early age about different kind of constructions and creations, I can draw in 2D and 3D graphic, in my 14-15 I was supporting online game with vector drawings and that was my first income from activity I liked to do. Also, I remember I was buying and selling things from eBay with my classmate and postwomen at a post office were confused every day I didn't come to send some package . It is bit difficult for such a creative person as I am do money by trading, where you actually nothing creating and nothing providing, trading is the cleanest form of immaterial activity. But as an adult man I have to think about my survival duty as well, and since I started with trading I didn't find a better way how to ensure my financial way of life. But in free time of course I do things I like to do, nothing is worth to give up on activities which makes you happy.

Excelent trading as always, wish you nice weekend
  • #8,349
  • Feb 18, 2017 12:05am Feb 18, 2017 12:05am
Quoting fantom
{quote} open chart settings-change box into false(Show wicks true;false)
so this is a characteristics for renko chart ? i noticed that it happens at reversal candles.

ok thanks.
  • #8,350
  • Feb 18, 2017 12:07am Feb 18, 2017 12:07am
Quoting vhervatin
Hello everybody! When I open the offline chart, How can I have the update the candles? Someone can help me?
not sure about what you are asking.

when u open the offline chart, the renko chart is already loaded.

u can then apply ur own template/indicators.
  • #8,351
  • Feb 18, 2017 9:01am Feb 18, 2017 9:01am
Quoting Doc_B
DAX +16 +42 +20 {image}
Great trading Doc. Curious about your short horizontal lines, when you have a moment could you explain how you define them and then how you use them. Many thanks.
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Cut your Losers short and let your Winners run.
  • #8,352
  • Feb 18, 2017 9:08am Feb 18, 2017 9:08am
Hello boys. If you are having problems with some thing technical, could you give more information about what you are using, EA. what size Renko Bars, what size in the EA. How many bars does the offline chart manager show, things like that. Then we will not have to go round the houses to give you an answer
Cut your Losers short and let your Winners run.
  • #8,353
  • Feb 18, 2017 9:12am Feb 18, 2017 9:12am
Quoting firsttimer
{quote} so this is a characteristics for renko chart ? i noticed that it happens at reversal candles. ok thanks.
It is not characteristic, look back at other peoples charts, how many do you see displaying this?
Cut your Losers short and let your Winners run.
  • #8,354
  • Feb 18, 2017 9:24am Feb 18, 2017 9:24am
Quoting des_b
Dee, Thanks for all the postings really is a great help. Can I ask a quick question, I noticed you were able to keep the last trade all the way for 62 Pips, If I had placed that trade I would have bailed out earlier when a few Green Bars appeared. Would you mind explaining your thoughts on why you had the wisdom to keep in the trade ? Was it due to the long sell Bar on the 30 Min? Cheers...Des
There were many points that I considered closing, but, I had identified the singles on MP and an S&R level down there and as the trade progressed other things like separation and angle on the MAs, the HTF candles, HTF stochs and MACD and last but not least price was moving within a pretty narrow channel. i did not draw that on my chart as it is clearly visible, well I thought so.
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Cut your Losers short and let your Winners run.
  • #8,355
  • Feb 18, 2017 8:42pm Feb 18, 2017 8:42pm
Quoting dee50
{quote} It is not characteristic, look back at other peoples charts, how many do you see displaying this?
hello dee, thanks for replying.

i dont really see other peoples chart like this. thus im very curious and think something is wrong with mine.

i tried downloading different renko template but all of them are like this.

really need some help or explanation.

thanks again.
  • #8,356
  • Feb 19, 2017 4:09am Feb 19, 2017 4:09am
Quoting firsttimer
{quote} hello dee, thanks for replying. i dont really see other peoples chart like this. thus im very curious and think something is wrong with mine. i tried downloading different renko template but all of them are like this. really need some help or explanation. thanks again.
Already answered question in this thread, couple times. The longer wicks are there for no other reason than because you refreshed your chart, that's it. Lack of tick data. Renko charts repaints, but swings and High/Low are kept. Also, lower the Renko size, bigger the wicks (after refresh). With mine 3 & 5 renko charts I don't have problem with wicks, only rarely. Your charts are probably not 3 or 5 but 0,3 and 0,5 - I can see it on your picture.
  • #8,357
  • Feb 19, 2017 6:59am Feb 19, 2017 6:59am
Quoting firsttimer
{quote} hello dee, thanks for replying. i dont really see other peoples chart like this. thus im very curious and think something is wrong with mine. i tried downloading different renko template but all of them are like this. really need some help or explanation. thanks again.
In the EA try putting Renko Size as 30 for 3 pip renko, or 50 for 5 pip renko etc. Some brokers you have to put 300 for 3 pip renko etc.
When you try to use a Trade Manager you will have to do the same thing.

If the problem persists you probably donīt have enough history loaded, you dont need years or months for Renko just enough days.

This is why I said what I did in post 8,354. The problem could be 1 thing or a combination. And as Matomi has said, this has been answered time and again throughout the thread.
Cut your Losers short and let your Winners run.
  • #8,358
  • Feb 19, 2017 7:07am Feb 19, 2017 7:07am
Quoting vhervatin
Hello everybody! When I open the offline chart, How can I have the update the candles? Someone can help me?
Post an image, then I can see what you are saying because unfortunately I donīt understand what you are saying.
Cut your Losers short and let your Winners run.
  • #8,359
  • Feb 19, 2017 6:43pm Feb 19, 2017 6:43pm
Thanks for sharing dee 1st time on this forum and I've already learned a ton
  • #8,360
  • Feb 20, 2017 8:41am Feb 20, 2017 8:41am
Great system.

I try loading the EA on the first page to my charts but its not working. I have scrolled through first 15 pages but couldnt find another version of RenkoLivcechart

It would be great if someone could share it.

Thanks in advance
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