NexusFi: Find Your Edge


Home Menu

 





FlexRenko in day trading


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Outlander with 379 posts (119 thanks)
    2. looks_two inverter with 83 posts (29 thanks)
    3. looks_3 Amnesia with 35 posts (39 thanks)
    4. looks_4 lemons with 28 posts (7 thanks)
      Best Posters
    1. looks_one MWinfrey with 2.6 thanks per post
    2. looks_two cory with 1.7 thanks per post
    3. looks_3 Amnesia with 1.1 thanks per post
    4. looks_4 Outlander with 0.3 thanks per post
    1. trending_up 122,419 views
    2. thumb_up 300 thanks given
    3. group 49 followers
    1. forum 661 posts
    2. attach_file 420 attachments




 
Search this Thread

FlexRenko in day trading

  #71 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

If you want to use 25 % stop on 40-39-38 chart isn't it more logical to use 4 time smaller chart ?


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Are there any eval firms that allow you to sink to your …
Traders Hideout
Better Renko Gaps
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Futures True Range Report
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #72 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


lemons View Post
If you want to use 25 % stop on 40-39-38 chart isn't it more logical to use 4 time smaller chart ?

you can't see a clear trend with this chart.

Reply With Quote
Thanked by:
  #73 (permalink)
 
Outlander's Avatar
 Outlander 
Vänersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
Posts: 396 since Jan 2013
Thanks Given: 559
Thanks Received: 141



lemons View Post
If you want to use 25 % stop on 40-39-38 chart isn't it more logical to use 4 time smaller chart ?


The smaller settings you use the more often you get a trend change and you get more trades and due my opinion more loosing trades. I want my charts to stay in trend and not change all the time. I want to trade as little as posible during the day. Every trade I start is a risk and a stress factor until the stop is at BE. As the chart attches shows. Regards Outlander

Attached Thumbnails
Click image for larger version

Name:	YM.GIF
Views:	249
Size:	40.3 KB
ID:	105079   Click image for larger version

Name:	YM2.GIF
Views:	251
Size:	43.7 KB
ID:	105080  
Started this thread Reply With Quote
  #74 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010


Reply With Quote
  #75 (permalink)
 
Outlander's Avatar
 Outlander 
Vänersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
Posts: 396 since Jan 2013
Thanks Given: 559
Thanks Received: 141


lemons View Post

Sorry for my chart last posted. I have problems with my hands as you can se. I have attached my trading chart for YM. It has been running today in full auto set for limit mode. I can choose if limit entry on pullbacks or breakout entrys with stop entry but has to do that before start trading and due to what instrument to trade with the system. It has stopped trading for today due to the dayly target is reached. Regards Outlander

Started this thread Reply With Quote
  #76 (permalink)
 
Outlander's Avatar
 Outlander 
Vänersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
Posts: 396 since Jan 2013
Thanks Given: 559
Thanks Received: 141

Dax also been running in auto limit mode and also reached target for today. As you can se some breakout trades would have been worked well with a "small" stop. The stop for limit entrys larger for the entry bar. DAX is a hard master and takes no prisoners. So you must trust your stuff and be sure that no open postions are forgotten over night. It can kill your acount. I remember up or down gap of 200 p at the open and they dont fill during the day. On days like this my system works ok. Not so every day but even a brooken watch shows the right time twice a day
Regards Outlander

Started this thread Reply With Quote
  #77 (permalink)
 
Outlander's Avatar
 Outlander 
Vänersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
Posts: 396 since Jan 2013
Thanks Given: 559
Thanks Received: 141

CL regards Outlander

Started this thread Reply With Quote
Thanked by:
  #78 (permalink)
 
Outlander's Avatar
 Outlander 
Vänersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
Posts: 396 since Jan 2013
Thanks Given: 559
Thanks Received: 141

Regards Outlander

Started this thread Reply With Quote
  #79 (permalink)
 
Outlander's Avatar
 Outlander 
Vänersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
Posts: 396 since Jan 2013
Thanks Given: 559
Thanks Received: 141

DAX so far. Regards Outlander

Attached Thumbnails
Click image for larger version

Name:	DAX.GIF
Views:	233
Size:	301.2 KB
ID:	105173  
Started this thread Reply With Quote
  #80 (permalink)
 
Janos's Avatar
 Janos 
Budapest Hungary
 
Experience: Beginner
Platform: Sierra Charts
Broker: Edge Clear
Trading: MES,MNQ
Posts: 43 since May 2012
Thanks Given: 2,854
Thanks Received: 45


Hi @Outlander !

I just want to ask how can you put the time to the top left corner on the chart ?

Thanks !

Reply With Quote




Last Updated on January 17, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts