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- Ic555 replied Feb 2, 2016
Thank-you Phillippine and Dee for your responses. Your wisdom is always greatly appreciated.
- Ic555 replied Feb 2, 2016
Great trading Philippine, So a good chunck of your trading is based on clean runs to OB/OS MACD levels and waiting for a reversal renko brick. I would much appreciate some feed back on what constituates a good MACD reversal level and also your ...
- Ic555 replied Feb 1, 2016
As much as I like renko charting, there is a thing that annoys me and that is the fact that on hindsight, trade management appears so straight forward, but once you are in the trade in real time it is a different story. I took an entry that I ...
- Ic555 replied Jan 21, 2016
I knew you would come up with a smart explanation. Thank-you for your continual support to the group.
- Ic555 replied Jan 20, 2016
Hi Dee, In the last few weeks, I have been watching/studying how the DAX and the EURUSD interact with each other and the inverse correlation is tremendous. At first I thought that the EURUSD would lead the DAX and that could provide some forecasting ...
- Ic555 replied Jan 15, 2016
Along the lines of Philli, a few weeks ago I marked Over Bought/Sold lines on the MACD and have been watching how reliable a system based on entries at a MACD change in colour at those levels would be and the results so far appear to be very good. ...
- Ic555 replied Dec 28, 2015
Good point BBalazs, thank-you. I am captivated by the predictive power of the MACD as it bounces off its signal line as it applies to dee's trading methodology. He uses very powerful tools.
- Ic555 replied Dec 28, 2015
I think that I may have just performed a "dee50" style trade. Bounce off support on the R10 confirmed by a 123 setup on the R5. Thank-you dee
- Ic555 replied Dec 21, 2015
It was still heading down. Thank-you Dee.
- Ic555 replied Dec 21, 2015
Hi Dee, One of the things that amazes me about your type of trading are your clean entries. I have attached a renko 5 chart showing where you took a trade and where I would have taken the trade if I had been in front of the monitor. Your trade ...
- Ic555 replied Dec 21, 2015
When I enter a trade, I set my SL to 10 pips. But if I see price struggling to move my way decisively, I will try to get out at a smaller loss or BE if possible.
- Ic555 replied Dec 21, 2015
Hi everyone, I have done 5 trades today, so far, and would appreciate some feedback if possible. All trades were taken off the Renko 3 chart and my reasoning for taking the trades are as follows: Trade 1 (+9.8p) – BPC off the BRN; the Renko 1 showed ...
- Ic555 replied Dec 18, 2015
Thank-you Dee and PhillipineFX for your continual support. Regarding this “Price Cycle” trading approach, I truly believe that you need to introduce an effective filter that will clearly tell you whether the instrument is trending or moving ...
- Ic555 replied Dec 11, 2015
Thank-you for your response PhilippineFX. I have also recently being looking at those 3, 5 & 10 Renko charts of the DAX and the 3 & 5 Renko charts of the EURUSD, due to its inverse correlation during the European session, and have found that ...
- Ic555 replied Dec 10, 2015
Hi PhilippineFX, Impressive scalping performance. I would like to know how you determine trend direction. Do you look at the direction of the 10 Renko Stochastic – as per the last completed brick , when scalping the 5 Renko, and do you look at the 5 ...
- Ic555 replied Dec 10, 2015
Hi nuckern, I thought I would have a go at answering your questions before the master comes up with his reasoning. In my opinion the upswing on #1, 5 bricks or 25 pips, was too small considering that you would be entering at 15 pips on the way down, ...
- Ic555 replied Dec 8, 2015
Thank-you for your thorough response. On it's last down cycle, the stochs didn't even reach the mid point level indicating the up trend is very strong.
- Ic555 replied Dec 8, 2015
Hi dee50, Thank-you so much for your willingness to teach others. You make it look so easy that I am starting to think that I am a lot thicker than I thought. I have a question regarding your chart. Could you please tell me why you didn't take the ...
- Ic555 replied Mar 26, 2015
Hi Udine, The way that the targeted pairs are currently moving around, it is quite possible that the USD set could trigger up and the JPY set could trigger down at the same time. If that was to eventuate, would you take both trades or is it still ...
- Posts by Member Search: 'Ic555'