Renko trading using proven egy -
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thread: Renko trading using proven egy

  1. #11
    Junior Member Paulmelio's Avatar
    26
    Really!!!!! Almost free... You have to be kidding me... Is really anyone dumb enough to click on this URL? Where it does not belong, to me it would be like sticking a shower hose. Go if you are even tempted to click and look in the mirror long and hard. Whoever you see tell him : Stupid is what stupid does! Great old Forrest Gump... he'd have made a good trader.



    FXRYDER https://www.pinterest.com.au/pin/447897125432318654/
    Stay away... it's a money burner, somebody I understand attempted with lots of accounts...

    Buy more and you will be free....


    And one of the best. Buy the EA for 300 USD and you will be sooooooo wealthy....only for you... so Fantastic


    There Is Absolutely No FREE LUNCH.

    The below link is IMO a good way to start. Serious and fair. I am not engaged in any shape or form and receive no kickbacks whatsoever.... But that is a serious approach.

    Https://cmtassociation.org/chartered-market-technician/

    Even what I am doing here isn't any way to get to know real trading, it's more of a documentation of what I am doing. It would be naive to think you will be a millionaire after 6 weeks beginning with 50 dollars...

  2. #12
    Junior Member Paulmelio's Avatar
    26
    18:00... and that I find 3 good setups.

    EURUSD: The very first one is a clear break of the 20 price line going towards 50....


    GBPUSD Fast entry... went better than expected.


    USDJPY I entered this one at a risky level. . And during the pullback I got scared. Nevertheless dont have my emotions under control



    Last but not least. The reason why I use GoMarkets: Look at my latency occasions... 3.16 milliseconds is not bad....Please note that fills over a certain size will still experience crappy flaws on account of the nature of the LP in the backend provider. I had been very pleased with under 5 milliseconds trade implementation when working as a FX erpillar. For it to occur, one requires a connection that is good. Mind you, the EA delay on MT4 is all about 50-80 ms according to my experience.


    Below is an example of a liquidity pool of 10 million in the FIX API backend. When placing orders over 20 to 40 lots, one ought to be an expert as the shower spout ends your xxx. Below shows a trader taking 45 lots in 2 separate trades on a Liquidity pool of 100 lots demoning the refill rate of 10 lots per 30 seconds.... Most of you won't understand this, but that info will show to some folks FX can only be made into a multimillion dollar business when all of the factors match.


  3. #13
    Junior Member Paulmelio's Avatar
    26
    To prepare for your trading day Open the hourly chart and look at the market sessions to the previous 7 trading days. Ascertain if there's a trend that is up down by utilizing an 21 EMA, neutral or trend. Look at the patterns to the days of the European semester and see if there's some commonality. Note down your opinion for EU,GU,UJ and UCAD onto a piece of paper with 3 columns (tool, H1 Direction, Renko) Now affirm it by utilizing a renko chart utilizing a box dimensions of 6 pips. Note this from the 3rd column but not least: Check for news or any speeches by FOMC members
    Example


    EU, Down, DN
    GU, Undecided, UP
    etc etc

    Assuming that the 2 columns concur, then trade in that direction and just in that direction from 8 am until maximum 12:15 (lunch time Central European Time)

    And the most important rule of all: If the market does not agree with your analysis, don't take a transaction.

    The aforementioned is essential and needs to be taken as gospel. If you can not do the above, you lack discipline and direction.

    I talked today to a smart german trader trying to find a investment firm. He affirmed that when instructing new traders, the majority won't prepare for the day and when they're wrong, begin chasing trades instead of trading. Do not make it more complied than you have to. Round amounts would be the tension points in the market and nothing really is required. Taking a look at the left arrangement will demone the rest. Stick to your plan and give yourself a mat on the back for not investing when the market and you don't agree.

    Can you make money trading this way... that is really up to you as you must execute the transactions, pick what to do, the way to manage risk and how well you understand your resources. Without resources, no money honey

  4. #14
    Junior Member Paulmelio's Avatar
    26
    Today a trader from among my favourite cities Berlin took the next Commerce(he gave me permission to publish this Commerce):

    Look at the Best discipline of the trader:He did his daily analysis (he does it his own way) and was GU short. At 8 am GMT he saw a break to the side that is down and was prepared There were also lows over the previous hour The 80 level was broken and did not act as support . The price was about the way into the 50 degree.... Have a look at the perfect entry - German precision and skill! Well done! 15 pips means 1. Can you do so? You bet you can but only if you adhere to the P's theory of this army:

    Preparation prevents piss poor performance...

    PS: Just got another feed-back:

    5% yield for today on live account!

  5. #15
    Junior Member Paulmelio's Avatar
    26
    Net 10 pips
    View



    Simply Exchange Now. Was busy coding and doing admin in the morning

    What fad is there in a day such as today? Look how clean!!!!


    The fad started during the asian session....


    110 pips in 1 hour EURUSD 1 pip renko box
    This was exhausting... but I am happy that it worked out. Need to make my tools. Too cumbersome when there are many open positions.


  6. #16
    Junior Member Paulmelio's Avatar
    26
    Finally finished the GUPPY pattern alerts. Please download and install from driveway that is google if you want.


    Retrace alerts and guppy cross overs. . .changing out of one side of the planet to the other.... Like flying from Switzerland to Australia....

    Have updated additionally the Multi time period MACD ....

    Next week ago trading hopefully.

    Enjoy a Fantastic day

    Here the youtube



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