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Thanks, I think I tried posting the templates in some post....but you are right on the renko chart I turn off the outer lines (make the color so they fad into the back ground). I do this just to clean up the charts, after you watch then awhile you find you dont need those lines to know we are making new highs/lows.....the mean/center line moves in the other direction, I try to make my charts as clean as possible so I have less conflicting things to deal with. On the tick charts I tend to leave them on to see how close we are to getting a change, and I also use them when I am trying to "think" to take other trade set-ups....not always smart but its in a traders nature to always be looking....hehe.
Thanks for every ones input and questions, this was a vary cool thing Big Mike did last month, I hope I helped someone out there and it certainly helped me. I plan on adding to this thread as long as there is an interest. It actually helps me more than those reading because it keeps me true to my set-ups as I am accountable to everyone reading....I should be trading again every day after next week, business things almost done, sold my oil (45K pounds at 37.5 cent/lb) and started my new business without a partner last week. Less stress already.....
This is my first look in a week at this thread, sorry I was gone but anything I can help with just ask....Thanks Again!
I think I have got it. On your 350 tick there are 2 DCs (10 and )with all lines on. On your first post are the entries on the 21 or the 10 mean lines? Cannot tell if arrows are entries or ellipses are entries as you have them marked on the 350. Maybe both?
Great thread JW,
Thanks for the videos and charts. The ES is a fractal environment, what works on 2 renko and 350tick also works on much larger scales. I attached a 100,000 tick chart for comparison.
How is your technique working out over the last few months?
I tried to install all components of this strategy on metatrader4
I opened a 2renko chart with a script,
The 10 med line donchian is represented by the BIG orange line
The 21 med line donchian is represented by the BIG navy line
Can you said me if that correspond to your ninjatrader software please ?
And on metatrader is not possible to have a 350 ticks chart,
You will advise me renko (or timeframe) alternative ?
(note : I have 6 hours jet lag with the US on the chart)
Wow I have not been here in a long time, sorry I cant help you too much with meta trader charts and what might work. I have tried to simplify my trading even further now that I am using a small laptop...I am posting a few pictures so you can get an idea of what I am doing, so you can look for indicators that will work on your charts. Like I said before (I think) you just need to find what works for you, time frames and chart patterns with simple indicators that you can use to "see with" and get the confidence to trade with.....
I think I am going to try and post charts of my trades as it will help me and perhaps others including my 2 oldest girls with their trading....this indicator is still in the works so take things for what they are....hope this might give people a few ideas for their own trading......
Great plan thinking forward for your girls, I have a 11 yr old. I looked at your chart but couldnt see your exact entries(boxes is this where u traded), I see the indicator counter on DC but dont understand if its part of your trade setup etc. I was a bollinger fan for years, so I understand DC too. Can you share with me your entry setup and exit. Mine is simple I look for confluences now. Your 2 pts a day caught my eye which is very do able if one is a Advanced trader
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