Patterns Observation.

[Don_xyZ]

Showed the chart to my Nanna, she is looking forward to the next post:)
Bingo.JPG

Candles is the default technique that people drop back too if they don't understand things (that includes me) but learning this stuff is interesting and if we practice it enough it will become the new default.
If people want to develop they need to be open to new ideas.

The bingo table and logic seems quite straight forward thanks, I have never played with Renko before so will look at that on say the EURUSD and find out what size the Renko bars (price wise) are to map onto the table.

Do they not have casinos where you live? have you never seen a Baccarat scoreboard?

The scoreboard was simply reimagined to accommodate the recording of market rotations (price legs, swings).

Yes, they are plotted by hand using office tools.

baccarat.jpg

Oh man... why did you have to bring baccarat?
That was the first thing I knew when I first started gambling, in my 5th grade
My friend's father was an avid gambler, a Chinese gambler. So we often went to his house to gamble our pocket money The allure to make money, quick, lay dormant until many years later when I first know about trading.

[IgazI]

I feel like I am coming full circle as I feel another technique I learnt using the zigzag tool to get the average leg and number of bars from about 12 zigs is similar. The baccarat table gives more information than the main average it seems.
I wonder if the zigzag tool might be an easy way to record the information into the bingo/baccarat table.

ZigZag.JPG


Huh, that's funny, I just clicked on modify to see if that zigzag tool could be hacked and up the top is a comment saying modified by dojirock ...... not sure where I got that indicator from.

That post was really only for Don:
If you've never plotted your own charts,
If you don't know what a 'figure chart' is,
then that post isn't for you.

If it is difficult for you to trade using a line chart then you will find no glimmer of hope here.

Plotting charts by hand, and always frustrated with the chart moving through the top and bottom of the page, I found a solution in going back to figure charts and recording rotation lengths in the form of a histogram;

the charts that I created were designed to record 4 point moves.

[Don_xyZ]

I feel like I am coming full circle as I feel another technique I learnt using the zigzag tool to get the average leg and number of bars from about 12 zigs is similar. The baccarat table gives more information than the main average it seems.
I wonder if the zigzag tool might be an easy way to record the information into the bingo/baccarat table.

ZigZag.JPG


Huh, that's funny, I just clicked on modify to see if that zigzag tool could be hacked and up the top is a comment saying modified by dojirock ...... not sure where I got that indicator from.

That post was really only for Don:
If you've never plotted your own charts,
If you don't know what a 'figure chart' is,
then that post isn't for you.

If it is difficult for you to trade using a line chart then you will find no glimmer of hope here.

Plotting charts by hand, and always frustrated with the chart moving through the top and bottom of the page, I found a solution in going back to figure charts and recording rotation lengths in the form of a histogram;

the charts that I created were designed to record 4 point moves.

Your ideas are indeed good. Many times, they need some good brain exercise to make them work. Healthy weekends.

Point and figure... now that I'm looking at it again, it looks neat. You know exactly what to expect up to a certain point. Much better than a regular CS chart and even Renko.

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Made some trades. Scalp, mini daily anchor and daily anchor. But, because it's the Asian session, the first one for the week, the R is not that much.

So, my biggest backbone. D1.

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The 2nd backbone/smaller. H1.

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The trigger. M1.

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Blue horis are buy.
Red horis are sell.

Rode it down to the fullest and then up enough and closed. Up again and got killed and the 2nd up rode up it to the top. Got killed on the short. That's that for today. After comm it's about 60%++

Done for the day. ?

[Don_xyZ]

You can see why reports are coming about people switching to CFDs (especially to indices).

Sessions' kill zones MT4 platform time is UTC+2.

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Volatility reigns supreme during its active hours.

[Don_xyZ]

Got some biscuits? (in a sushi resto?)

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Again, red horis are sell and blue horis are buy.
Some dead, a BE and some profits. More than quite enough profit.

[Yirbu]

Got some biscuits? (in a sushi resto?)

got some biscuits.png

Again, red horis are sell and blue horis are buy.
Some dead, a BE and some profits. More than quite enough profit.

Hilarious

[Don_xyZ]

This was yesterday's European session situation.

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The move down was a blessing during the first 2 hours of my kill zone. The accumulated R is good.

Question: If you are an intraday trader, do you keep trading until the session is over or do you stop until you have made more than your daily target?

This is my chart for today, the constellation. I'm sure you all know where I would enter. Made enough pips and more.

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It's getting boring posting the same stuff every day.

Count-based charts are definitely better than classic CS. You can see the real strength of the move.
If it can create a full x amount of pips, create a new candle.
If not, stay in the box.

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Now how would you approach these charts?

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P&F and Kagi are much slimmer than Renko. Saves a lot of display property. I wonder why MetaQuotes never put them as one of their charting options out of the box.

Using the same settings as Renko you get even slimmer charts.

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You can isolate the Renko ninja into this compact graph

This

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compared to these

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Maybe I should try P&F or Kagi? Gonna be an interesting weekend.

[IgazI]

- Those one box reversal P&F chart are not being correctly plotted: a single 'x' followed by a series of 'o' should be plotted in the same column.

- It looks like you are using the HL method when, for your purposes, the close method and 0.5 pip boxes would be a better choice; one pip to reverse.

- If you are going to use HL then you're looking at 4 pip boxes: it's going to ignore either the high or the low, making a smaller box size irrelevant.

- Renko can be simplified further by using a 4 period MA of the open price:
a 3-box reversal will flatten a line and at 4 boxes the line will bend:

- A Kagi is set the same way you would set a P&F, just input the reversal size at it relates to a 3-box reversal on a P&F chart.

P&F is great when turned into a histogram, but I'd much rather use a Renko chart as it is more similar to the line charts that I am used to reading.

Again, I would recommend using tiny boxes as a noise filter rather than using larger box sizes.

$10 boxes, 4 SMA of the open price:

simp_btc.png (85.8 KiB) Viewed 925 times

[Don_xyZ]

- Those one box reversal P&F chart are not being correctly plotted: a single 'x' followed by a series of 'o' should be plotted in the same column.

- It looks like you are using the HL method when, for your purposes, the close method and 0.5 pip boxes would be a better choice; one pip to reverse.

- If you are going to use HL then you're looking at 4 pip boxes: it's going to ignore either the high or the low, making a smaller box size irrelevant.

- Renko can be simplified further by using a 4 period MA of the open price:
a 3-box reversal will flatten a line and at 4 boxes the line will bend:

- A Kagi is set the same way you would set a P&F, just input the reversal size at it relates to a 3-box reversal on a P&F chart.

P&F is great when turned into a histogram, but I'd much rather use a Renko chart as it is more similar to the line charts that I am used to reading.

Again, I would recommend using tiny boxes as a noise filter rather than using larger box sizes.

$10 boxes, 4 SMA of the open price:
simp_btc.png

0.5 pips box charts. This one is just too fast to respond to in London or NY session.

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4 pips box chart. This one is just too big to use for trading. 1 mishap would simply cost too much.

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I think 1 pip is somewhat acceptable considering the current market condition.

Reversal P&F in the same column is good but I think TV uses the current way to plot P&F chart (or it has been like this? correct me if I'm wrong).


It's indeed worthy of the title. Imagine how many times you can scalp the ES during its very active hours.

0.25 pts box

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M1 CS

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0.50 pts box

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Is this real? Like 0 spread for Bitcoin? I opened this chart yesterday when the market was still open and it's 0 spread. Can anyone confirm this?

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[Yirbu]

Question: If you are an intraday trader, do you keep trading until the session is over or do you stop until you have made more than your daily target?

I would stop if I reach my "target". However, because I am learning I am trying to have as much screentime as possible.


It's getting boring posting the same stuff every day.

I like it and I'm learning every time.