Mr.Nims, Renko Ashi Scalping System. - page 342
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Mr.Nims,
Hi, Myself Suraj, I am also from India. If you don't mind can we have some talk on Fb, Whatsapp? I want to ask something Important to you. Please sir.
Hi Suraj,
https://www.facebook.com/ndsouz
Curious to know what you want to write to me
Hi Suraj,
https://www.facebook.com/ndsouz
Curious to know what you want to write to meNothing Scary hehe.
hmmmmmmmm a clandestine meeting online... gonna disccuss the evolution of the big bang theory!
hermes, have you tried my renko ea?
Hi all . . . I've just joined today after first reading the pdf which led me here.
I have been trying to establish WHY the feed is taken from the M1 chart in preference to the others when day trading. I am in the fortunate position of having 8 monitors available and when running the same pair with the same brick size on M5, M14, M30, H1, H4, D1, W1 & MN feeder charts at the same time there is in my humble opinion better choices than using the M1 data - SO WHY M1 ?
Before arriving here and based on my research to date - I came to the conclusion that the M1 data was the closest practical solution to Raw Tick Data for those people who needed accurate data for back testing - H'mmm
Personally, I would rather spend 15 minutes in front of the charts to make my 20 points then walk away - instead of trusting mt hard earned Wonga to some EA.
When the markets opened today . . . Gold shot up 130 in 5 minutes - I rest my case
"Compound interest is the eighth wonder of the world. He who understands it, Earns it... He who doesn't...Pays it." - Albert Einstein
Still trying to figure it out and have spent most of today looking at all nine feeder TF's together on my multi monitor setup - 9 TF's only 8 monitors
H'mmm why is my image the size of a postage stamp
Hope it gets bigger when I submit
Dodger Blue 74 = ADR
Yellow 10 = Brick Size
Horizontal Yellow 120.300 = Datum Line
Horizontal Yellow 118.800 = Datum Line
Vertical Yellow 2015.04.01 = Wednesday 1st April 2015
Vertical Yellow 2015.04.06 = Monday 6th April 2015
The price remains the same throughout
I can't quite figure out what's going on with the monthly chart BUT it's a lot easier ride on the Daily and Weekly compared to M1
122.000 coincides with a high on Tuesday 10th March 2015
If you had jumped on the reds then you could have ridden it all the way down to today for 320 points before a colour change
Using 10 point Bricks you can afford to wait for the change in colour to get out
Trying to figure out any downside to using larger TF's for Renko feeders
Appreciate some feedback
.
You can tell I'm new here . . . Didn't know how my image was going to turn out . . . Not going to get much feedback if the viewers can't see what's going on. Would you Adam and Eve it . . . Restricted to how many images I can post . . . SHoneT
These are the links if it's not too much trouble for you . . . I tried.
M1-M5 http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/M1-M5_zpsupa2e6ji.jpg
M15 http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/122_zpskfyy12um.jpg
M30 http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/M30_zpsgquhcrfm.jpg
H1 http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/H1_zpszbzjhymz.jpg
H4 http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/H4_zps7qszgqkq.jpg
D1 http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/D1_zpsuzdupc2z.jpg
W1 http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/W1_zps9fhtwh69.jpg
MN http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/MN_zps2v4j08bk.jpg
ALL http://i151.photobucket.com/albums/s136/NeedForSpeed_001/Renko%20Forum/9%20TF_zpsaistmqb0.jpg
With Thumbnail Zoom Plus 3.3 on Firefox enabled - all I have to do is hover over the above link to see the image
.
.Hi Maverick,
I liked your compounded interest quote.
I'll tell you something your missing on your adventure with the 9 TF's to feed renko and why you feel that TF's above m1 are better.
It's because anything above m1 is not going to give you the accurate data.
Lets say on the 30 mins chart, we have a candle that's 50 pips big and you took the price feed from that for the renko chart, lets take an example of 10 pip renko chart. So it will draw you a beautiful trend of 5 renko bricks.
But that's not really accurate, because it could have been if you went down into the m1 chart that the market went 20-30 pips, then reversed 20-30 pips and then went up 50 pips. Which would mean on the 10 pip renko chart, you would have 3 trends which would be the accurate reading, a 2-3 brick trend followed by a 2-3 brick trend in the other way and then a 5 brick trend the other way.
Another thing to note is that you need to have RenkoAM installed on your renko charts, or you'll never know whats a trend and what's a spike or a gap.
Regards,
Nick
many thanks!! will give it a try.