He's not kidding.
Use logic.
10-12 pip SL
4 Pip Renko
Breakouts, stack the crap out of a trade
Very Easy if you have time and patience.
I trade this pair like this. (low spread)
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newscalper
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dojirock wrote:He's not kidding.
Use logic.
10-12 pip SL
4 Pip Renko
Breakouts, stack the crap out of a trade
Very Easy if you have time and patience.
I trade this pair like this. (low spread)
right...using logic: so you've set a TP for 5 pips but somehow manage to let the trades run and stack them, very interesting.
Going back to my chart, I think people looking at renko charts in hindsight don't look at them right. The arrows where the crosses are are not the box you would enter on, you would enter on the next one. MACD is the same as any indi like that whether it be stocastic or whatever whereby the cross is not there until the bar is closed otherwise it waves back and forth, show a chart showing a loss and everyone goes 'but the macd wasn't crossed' lol. Entry is on the next bar, likewise if exit is based on colour change the bar after is the exit and all the trades I've listed as a loss are a loss.
If you are then intending on letting them run, stacking etc, there are definitely, no bu1lshitting about it, pre set TPs for 5 pips either and even if that were possible, using 5 and 5 will still kill your account as you won't make the spread in the long haul.
BTW, the chart seems to be illustrating the histogram crossing? rather than the slow line crossing??
Last edited by newscalper on Thu Jul 25, 2013 7:32 am, edited 1 time in total.
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newscalper
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dojirock
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News,
Your missing the point. For as long as you have been around, we speak in generalities. For one, when trading indicators, I know there will be a retrace. Im prepared to have a line for that. I know the macd lags but it points out areas of momentum, which cant turn on a dime. Renko cleans things up. DC makes bucks off um. I trade them on 1 pair. Pro, has had great success with his way of macd cross, then wait for pullback into a ma or bb. I have my own way of drawing zones that works. I have always said since I have become profitable, its about observing, thats it pure and simple, well, and a line. To point out that every cross is a loser, look at it. To fix that I would put my entry 8 pips below the cross level as a limit. Now is everyone a loss? Adaptation. Find something that works and repeat. It is simple as that!
Your missing the point. For as long as you have been around, we speak in generalities. For one, when trading indicators, I know there will be a retrace. Im prepared to have a line for that. I know the macd lags but it points out areas of momentum, which cant turn on a dime. Renko cleans things up. DC makes bucks off um. I trade them on 1 pair. Pro, has had great success with his way of macd cross, then wait for pullback into a ma or bb. I have my own way of drawing zones that works. I have always said since I have become profitable, its about observing, thats it pure and simple, well, and a line. To point out that every cross is a loser, look at it. To fix that I would put my entry 8 pips below the cross level as a limit. Now is everyone a loss? Adaptation. Find something that works and repeat. It is simple as that!
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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