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  • #481
  • May 16, 2017 3:37am May 16, 2017 3:37am
Quoting mizi123
My 20 pips just grabed {image}
Nice work mate, as I have said in a previous post that trading inline with the trend on pullbacks, it give us higher prob of winning keep them coming
  • #482
  • May 16, 2017 3:58am May 16, 2017 3:58am
The 3 RSI can be useful for timing entries on pullbacks. That is why I have it on my charts and I talked about it in great detail in my previous thread. It's good to see people starting to think a little more now about how to apply this volume malarkey.
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  • #483
  • May 16, 2017 4:22am May 16, 2017 4:22am
Quoting wizlon32
The 3 RSI can be useful for timing entries on pullbacks. That is why I have it on my charts and I talked about it in great detail in my previous thread. It's good to see people starting to think a little more now about how to apply this volume malarkey.
Yeah I have been study and working out why you use it and actually it's a very good entry point with the trend... your a great teacher mate, thanks for your time helping us all!
  • #484
  • Edited 6:05am May 16, 2017 5:54am | Edited 6:05am
Quoting mizi123
Im waitin now for UJ to make that low and buy it {image}
A little beat harder but i have won these too 30 pips any loos friends, thanc you Wiz.
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  • #485
  • May 16, 2017 6:02am May 16, 2017 6:02am
Friends as you see i have add semafor as a helping tool to my method. He is repenting indicator and help me to spot even more preciz entry, you will say how. When psva candles show the volume semfor rich HH, after that price revers and in these moment oposit signal in semafor repaints these is very very preciz moment to enter, im testing his behaviour still i will let you know in days ahead for results green pips to you all. Mizi
  • #486
  • May 16, 2017 6:35am May 16, 2017 6:35am
Quoting mizi123
Friends as you see i have add semafor as a helping tool to my method. He is repenting indicator and help me to spot even more preciz entry, you will say how. When psva candles show the volume semfor rich HH, after that price revers and in these moment oposit signal in semafor repaints these is very very preciz moment to enter, im testing his behaviour still i will let you know in days ahead for results green pips to you all. Mizi
Hi mizi. Semafor doesn't repaint as such. If you try and use it to back-check trade set-ups, it is useless, as yes, the indicator will have moved from where it was as live. However, that's the point - it's a dynamic indicator and is meant to be used at that moment. Hope that makes sense. As soon as anyone tries to use it live, they will see what I mean.
  • #487
  • May 16, 2017 8:00am May 16, 2017 8:00am
What a blesed day Wiz, we have killed LOL thanc you, it was enought
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  • #488
  • May 16, 2017 8:19am May 16, 2017 8:19am
Quoting lemercenaire
{quote} Hi mizi. Semafor doesn't repaint as such. If you try and use it to back-check trade set-ups, it is useless, as yes, the indicator will have moved from where it was as live. However, that's the point - it's a dynamic indicator and is meant to be used at that moment. Hope that makes sense. As soon as anyone tries to use it live, they will see what I mean.
I've used semaphore for years. For some it is difficult to use mainly because as you have said, it is dynamic. But knowing that fact for me has become an advantage by applying it's characteristics to my style of trading which is predominantly based upon using it to help identify a s or r level as the primary stage, and then a pull back as the secondary and the potential entry stage. Of course I have rules to support any decision to take a trade on that accompanies the sem, but that's the crux of how it can be effectively used in my case at least. I accept that there are numerous ways it can be applied.
  • #489
  • May 16, 2017 11:58am May 16, 2017 11:58am
Here is an example of how to use the 3 RSI to time entries in a trending market.

This is a chart of EURUSD which i'[m sure everyone knows has been very bullish recently. It is M5 TF.

The moving averages I have added are the 34 EMA (blue) and the 55 EMA (Red).

34 above 55 = trending up. 34 below 55 = trending down.

So here we are looking for long entries. (34 above 55) I like to use the 3 RSI crossing back above an oversold level to signal an entry such as in the circled areas. The levels I have used here are the 20 and 30 levels but you could use 90, 50 or even something above 50 if you wanted to.

For downtrends you might want to use levels above 50 but again if the down trend was strong you could even use levels below 50.

Also notice here on this example that the 14 RSI is generally above 50 the whole time - another sign of bullishness.

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  • #490
  • May 16, 2017 12:09pm May 16, 2017 12:09pm
Here is an example on EU H1 using Bill Williams Alligator for trend direction.

Red circles are short signals. Green circles are long signals. Yellow circle is long and is showing how a level above 50 can be used for longs in a strong trending market.

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  • #491
  • May 16, 2017 12:14pm May 16, 2017 12:14pm
Quoting wizlon32
Here is an example on EU H1 using Bill Williams Alligator for trend direction. Red circles are short signals. Green circles are long signals. Yellow circle is long and is showing how a level above 50 can be used for longs in a strong trending market. {image}
When an opportunity like this comes along we can now drill down to the M1 TF and watch the volume for a nice entry.
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  • #492
  • Edited 2:13pm May 16, 2017 1:36pm | Edited 2:13pm
Renko Idea for anyone who might be interested

Mean Renko with Supply and Demand zones

I draw the zones the same every time. Demand zone is from bottom of wick of 1st new up-bar after a down move to the base of the 2nd up-bar. Supply zone is from top of wick of 1st new down-bar after an down move to the top of the 2nd down-bar.

This works very well on any size Renko.

Green circles show other potential areas but they are now invalid.

This chart is 40 pip brick so like a HTF chart. Once a HTF zone is entered you can go down to a smaller Renko chart to time a good entry. Or just look at a normal TF chart with volume

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  • #493
  • May 16, 2017 1:51pm May 16, 2017 1:51pm
Quoting wizlon32
Renko Idea for anyone who might be interested Mean Renko with Supply and Demand zones I draw the zones the same every time. Demand zone is from bottom of wick of 1st new up-bar after a down move to the base of the 2nd up-bar. Supply zone is from top of wick of 1st new down-bar after an down move to the top of the 2nd down-bar. This works very well on any size Renko. Green circles show other potential areas but they are now invalid. This chart is 40 pip brick so like a HTF chart. Once a HTF zone is entered you can go down to a smaller Renko chart...
My 4 favourite charts. You can see here how many opportunities this can give. As I said it works on and Renko brick size.

The 3 RSI may be unnecessary because a reversal bar will make the 3 RSI cross a level but it can be used for extra confirmation.

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  • #494
  • May 16, 2017 4:37pm May 16, 2017 4:37pm
Quoting wizlon32
{quote} My 4 favourite charts. You can see here how many opportunities this can give. As I said it works on and Renko brick size. The 3 RSI may be unnecessary because a reversal bar will make the 3 RSI cross a level but it can be used for extra confirmation. {image}
hey wizlon, when you trade on these mid renko charts do you sometimes happen to scalp only one block ?
  • #495
  • Edited May 17, 2017 3:13am May 16, 2017 10:38pm | Edited May 17, 2017 3:13am
Quoting metta87
{quote} hey wizlon, when you trade on these mid renko charts do you sometimes happen to scalp only one block ?
Hi metta87. No I would normally aim to stay in the trade until a block prints in the opposite direction signalling a possible reversal. Sometimes I will also stay longer with a SL set at at least BE.
I haven't been using Renko lately mainly due to a lack of screens but I plan to start again.
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  • #496
  • May 16, 2017 10:56pm May 16, 2017 10:56pm
Quoting wizlon32
Here is an example on EU H1 using Bill Williams Alligator for trend direction. Red circles are short signals. Green circles are long signals. Yellow circle is long and is showing how a level above 50 can be used for longs in a strong trending market. {image}
Your chart is a really nice example of absorption volume.

You have an area of consolidation (marked in orange) then high volume pushing up and through (marked in blue).

Thanks for your journal, been reading it the past few days and enjoying it.
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  • #497
  • May 17, 2017 12:04am May 17, 2017 12:04am
Quoting wizlon32
Here is an example on EU H1 using Bill Williams Alligator for trend direction. Red circles are short signals. Green circles are long signals. Yellow circle is long and is showing how a level above 50 can be used for longs in a strong trending market. {image}
hi
very interesting concept do you please used sony 2 pva candles
thanks
  • #498
  • May 17, 2017 12:20am May 17, 2017 12:20am
Quoting ellenbrook
{quote} hi very interesting concept do you please used sony 2 pva candles thanks
Hi ellenbrook.
I'm not sure what you mean. Can you clarify?
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  • #499
  • May 17, 2017 12:21am May 17, 2017 12:21am
Anyone buy Dax? Volume gave the game away
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  • #500
  • May 17, 2017 1:12am May 17, 2017 1:12am
Quoting wizlon32
Anyone buy Dax? Volume gave the game away
GBP/USD is building path to up i hope he gona give us some good trades today later on As EUR/USD and USD/JPY has fulfilled that weekly range allredy
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