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- SlushFund replied Aug 2, 2010
2 trades on the pound. Note that the second trade turned against me. There are two ways to exit. You can either wait for a close of a colour change candle and then exit on the open of the next candle. On a 10 pip brick this means you would get ...
- SlushFund replied Aug 2, 2010
First up is the euro for 2 trades. I got out early on the 2nd one as I was OK with my daily total. It may go to R3 eventually. Note that I prefer to use heiken ashi candles. They are 10 pip renko bricks. Why? Because 00 numbers are important psych ...
- SlushFund replied Mar 9, 2010
If you don't want to sit in front of the screen for hours you might find the fractal alarm useful. I enter on a fractal which will always be the second color change brick on a reverse. I've marked the potential entry points. I use 10 pip bricks and ...
- SlushFund replied Dec 28, 2009
Just one of countless examples where pivots point the way. These are 10 pip renko bricks on heiken ashi candles. The green line on the lower right is the coral THV trend indicator. I only go long if price is above it. I never do counter trend trades.
- SlushFund replied Oct 20, 2009
+17 on the Euro Not much talk about pivots recently. Learn to trust them. Too much talk about indicators for my liking. Time to read Page One again.
- SlushFund replied Oct 20, 2009
+38 G/U
- SlushFund replied Oct 20, 2009
Todays trades — Qualified entry for long condition is trigger bar body must close above the price action channel. TDI indicator green rsi above 50, above red signal line, above yellow market trend. Enter on following bar if break above pivot ...
- SlushFund replied Oct 20, 2009
I wonder why your chart doesn't look like mine. As you can see there was no long entry condition.
- SlushFund replied Oct 15, 2009
Try putting your stop loss just above/below the PAC (Price Action Channel).
- SlushFund replied Oct 14, 2009
Good that this subject has been raised. For some time I've been trading the Synergy method which was developed by Dean Malone. It uses HA bars with a price channel made up of a 5 smoothed MA on price high and the other on price low. The idea is that ...
- SlushFund replied Oct 13, 2009
There you go. Pivot to pivot trading with renko.
- SlushFund replied Oct 12, 2009
Can I suggest you include the mid level pivots also. Yesterday I bagged 62 pips on the G/U by trading short from M2 to S1. If price is moving from a major pivot I will exit the trade when it reaches an M level. If it breaks through and I get a clean ...
- SlushFund replied Oct 5, 2009
Also went short G/U which has just closed for a profit. It was nearly at TP but I closed it manually at M3 pivot. Not sure about the swissy trade. I would have hesitated if on a live account because of the double bottom which it has bounced off. ...
- SlushFund replied Oct 5, 2009
OK. Let's see how this pans out. I've gone short USDCHF just after Frankfurt open. Confluence factors are: Red brick down trending with the MA on Applied price RSI below 50 Close of previous brick below M2 pivot Close of previous brick breaks ...
- SlushFund replied Oct 2, 2009
I've been trading the Nitro setup with the 3 yen pairs using the correlation technique as per the orginal Edgetrader thread. But I've also been looking to use renko for longer trades so I'm happy to have stumbled on this thread which is devoted to ...
- SlushFund replied Sep 30, 2009
+10 E/J
- SlushFund replied Sep 30, 2009
Frankfurt open — +8 pips E/J
- SlushFund replied Sep 29, 2009
London opening — I haven't posted for a while. Here's a quick 7 pips on E/J right at the London opening. Price stalled a bit and I was being cautious, but it easily got to 10 pips which is what my TP is set to by default. Do I assume that the ...
- SlushFund replied Sep 10, 2009
London session — +8 pips E/J at 0430 ET. I'm using your setup DaveW. Thanks. It makes things very clear. Nitro requires a lot of patience! Just keep drinking coffee until it all lines up.
- SlushFund replied Sep 6, 2009
Now although what is happening technically on a M1 chart during NFP is pretty meaningless, take a look at the H4 chart. This is where the Big Dogs are. The banks and institutions that have the power to move the markets. They have no interest in a 5 ...