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renofaith replied Dec 27, 2018The 21 and the 8 3 3 both look nice on this 4H beauty. Exercise caution first and decide if you want the HD setup or the RD setup. It may be best to check a higher TF. Reno
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renofaith replied Dec 27, 2018Good morning Iko, I must admit, I chuckled at your comment. Trust me, I master only me and sometimes that is a work in progress. LOL. I do have a 'tiny' live account. It is over $100. I don't think my account is large enough to trade Gold. If XAU is ...
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renofaith replied Dec 27, 2018Good morning scsstnt, Thank you for the kind words again. My charts kinda did a hiccup this morning. It'll happen. Yes, I'm a big time RUSH fan for decades. Don't know if we'll get any real setups on the hourly today or not. I will likely check ...
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renofaith replied Dec 27, 2018Friends, this may be a good time to top off the coffee. If the criteria is not being met, no trading. Reno
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renofaith replied Dec 27, 2018This was spotted on the 1H Cable. My 15m trade would have been a losing trade. I took the trade off. My plan is to continue looking on the 15m and the 1H for setups. I should not have even set up the 15m trade. Reno was wrong. Reno
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renofaith replied Dec 27, 2018Yes I do, it's only a mouse click away. We have to put every reason into the mix to pull a trigger. Reno
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renofaith replied Dec 27, 2018This chart is the reason I took the trade. Notice I set an alert (red arrow on the right). For those of you setting alerts of any kind, it that in your trade checklist? If my alert goes off, I set up a trade to take profits somewhere during the ...
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renofaith replied Dec 27, 2018Exactly, Filip you caught that. I often use the 8 3 3 to catch the HD, it's wise to use both. Again, an individual trader decision. Reno
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renofaith replied Dec 27, 2018Sorry, this was supposed to be the 2nd chart. I think.
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renofaith replied Dec 27, 2018Good morning traders, notice what the 2 different indicators are showing on the lower TF. This 883 may be better at showing the HD. The 2143 simply matches the HD (sometimes), however the close of the latter stochastic closely matches the RSI cross. ...
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renofaith replied Dec 27, 2018I couldn't agree more. Thank you for the comment Petru00. Reno
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renofaith replied Dec 26, 2018This is a trade I took this morning. I'm posting this for the benefit of myself and others. I lost 1R on this trade. Did I have to? No. I had a few options. I did attempt to take some of the risk out of the market, I tried to take profit off the ...
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renofaith replied Dec 26, 2018Greetings traders, I have just edited page 1 (34 ema) and added a price chart with T/L and entries. It is HD, not a reversal. Go buy a wheel barrel, you're gonna need something to haul all your pips! Reno
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renofaith replied Dec 26, 2018Thank you very much Bill. Edit complete. Thank you for the kind words Bill. I don't know why everyone doesn't use divergence, it's the ONLY leading indicator in any market. Fortunately, you and I both know it and we both enlist it.... often. Thx Reno ...
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renofaith replied Dec 26, 2018I did take a HD trade this morning on the GBP/JPY. You can see my entry on this 30m chart. We/you may have another opportunity to short this pair. Be sure the RSI crosses down through the EMA before pulling the trigger. Your entry and stop will be ...
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renofaith replied Dec 26, 2018Hello Filip, That's incredible news. I am thrilled with your success. 2 Days of generating pips. That's fantastic. Please continue to share. I appreciate you sharing that. Great stuff, Reno
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renofaith replied Dec 26, 2018Hello Bill, I do like to keep things simple. I do sometimes cheat (rules). On the 5m circus event I shared, PA is almost always below the ema, this morning it was not. I knew it wasn't gonna be a big deal. But, this is why; the trend line had ...
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renofaith replied Dec 26, 2018This is why I'm not going long. This is a line chart of the Cable D1. I plotted a standard setting CCI 20. It and the stochastics is showing a bearish move.
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renofaith replied Dec 26, 2018Hello dandzl, you are correct. Current stochastics are indeed showing OS. I often am able to get in on a trade if price retraces back to where I wanted the original entry. Over 20 hours ago, I could've gotten in on this cable trade because price has ...
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