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

  #111 (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


cory View Post
YM is tradable.

Hi Cory, Could you change you setting in you YM chart so it has the same trend (up) before US day sessions open? Regards Outlander

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Ninja Mobile Trader VPS
Trading Reviews and Vendors
Are there any eval firms that allow you to sink to your …
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
The Program
20 thanks
GFIs1 1 DAX trade per day journal
19 thanks
  #112 (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


Outlander View Post
Hi Cory, Could you change you setting in you YM chart so it has the same trend (up) before US day sessions open? Regards Outlander

I change it from 16 to 50 but it's still down before US open, so I just keep 16 and chop off data from 4pm to 9:30am.

Attached Thumbnails
Click image for larger version

Name:	YM 06-13 (1 UniRenko T1R16O1)  3_28_2013.jpg
Views:	320
Size:	83.9 KB
ID:	107098  
Reply With Quote
  #113 (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



cory View Post
I change it from 16 to 50 but it's still down before US open, so I just keep 16 and chop off data from 4pm to 9:30am.

Ok thanks I will post my charts and yours with some markings on. You will se that my charts are not the same as yours. Must be some differnce how the bars are calculated in Ninja compared with Sierra. I have removed my stuff in the price area to get a cleaner look when explaining. You can look at it and we could talk about it. Regards Outlander



Started this thread Reply With Quote
  #114 (permalink)
 
MWinfrey's Avatar
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335


Outlander View Post
Ok thanks, I use Sierra so I can only the Sierra settings for the Flex Renko bars. With the settings I use for index like YM the range around 45 ticks. Sierra has an option new bar then exceded and I use that. It makes it stay in the same trend longer. I think it is bettar to stay in the same trend for a while and not change for every little move. If up trend before US day session so wait for a pullback bar down to the 40-60 % area and get in and hope for the best. If you like I could post my YM chart for today and we could talk about it. Regards Outlander

Sure

Reply With Quote
  #115 (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


Outlander View Post
Ok thanks I will post my charts and yours with some markings on. You will see that my charts are not the same as yours. Must be some differnce how the bars are calculated in Ninja compared with Sierra.
...

yes, they are different, this is just my attempt to have NT chart kind of looks like SC chart. The entry will not be the same, the exit will not be the same, the target will not be the same. Only one thing/idea is in common, trade on the pullback, that's it.

Reply With Quote
Thanked by:
  #116 (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


cory View Post
yes, they are different, this is just my attempt to have NT chart kind of looks like SC chart. The entry will not be the same, the exit will not be the same, the target will not be the same. Only one thing/idea is in common, trade on the pullback, that's it.

Ok as you now understand I know nothing about Ninja trader
Regards Outlander

Started this thread Reply With Quote
  #117 (permalink)
 
MWinfrey's Avatar
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335


cory View Post
@MWinfrey
either I or you didn't interpret his strategy correctly. On the same chart I see only 1 loss maybe. The only strategy in used is buy/sell on the pull back. I know nothing about strategy coding so this is how it looks on the same chart.

@cory,

each one of those big 16 tick bars is a retrace entry as well. when each one of those bars is forming you don't know whether price is going 16 ticks or 8. so, as i mentioned there are valid entries on each of those 16 tick bars or are you doing something to exclude them?

Reply With Quote
  #118 (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


MWinfrey View Post
@cory,

each one of those big 16 tick bars is a retrace entry as well. when each one of those bars is forming you don't know whether price is going 16 ticks or 8. so, as i mentioned there are valid entries on each of those 16 tick bars or are you doing something to exclude them?

big bar with arrow is just signal bar you don't know what signal until it stops forming.

Reply With Quote
Thanked by:
  #119 (permalink)
 
MWinfrey's Avatar
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335


cory View Post
big bar with arrow is just signal bar you don't know what signal until it stops forming.

yes i understand and that's my point. let's say you are in an uptrend and you get a long retrace entry. that bar could keep retracing to form a short signal bar instead of continuing long.

Reply With Quote
  #120 (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



MWinfrey View Post
yes i understand and that's my point. let's say you are in an uptrend and you get a long retrace entry. that bar could keep retracing to form a short signal bar instead of continuing long.

yes, that does happen but what can you do! eat the stop and move on.

Reply With Quote
Thanked by:




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