04/12/2009 10:48:21
ibukun
Moderator
Posts: 23
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Hello,
4 Range bar seems to be very cool for early morning scalping especially with FTSE. I also chked YM and was surprise that it also gave good signal. Chk out the chart below. I trade Z 95% of the time though.
I was toying with an idea of changing my 20 MA to 21EMA, add 55EMA and 89EMA. The signal for this AM on Z was given with price below all the MAs. So easy sell with good reward....again chk out the risk...minimal.
Post ur chart and lets take some points from the mkt with scalper.
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MicroTrends ibukun
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03/12/2009 13:28:50
ibukun
Moderator
Posts: 23
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The range chart seems to be cool with scalper for FTSE. I chked my system this morning and saw the signal to sell ftse. Using my discretionary styly, I will not take the signal becos it is above 89EMA. However, ftse had gapped up at the open, so I took a small sell which turned out to be a winner. Chk out the chart. If you notice the risk, very small, but the reward...?? I wish I stayed in it for all that ride....ouch.
Any comment is welcomed.
Pls share how you have also been using scalper to trade.
Have a cool day.
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MicroTrends ibukun
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01/12/2009 11:56:27
ibukun
Moderator
Posts: 23
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Just tried scalper on a 4 Range Chart. Against the trend but got 10 points out......nice.
See chart attached.
rprabhakar, can u pls attach a chart for us to see. Thanks
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MicroTrends ibukun
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28/11/2009 18:01:01
ibukun
Moderator
Posts: 23
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I apply the rulles on all chart types and time frame.
I also like to take my support and resistance from a Renko chat as it keeps u in a trade.
Take a look at the attached renko chart, u will notice how the resistance and support stands out easily.
You can trade from renko chart as well as use it to determine support and resistance. In a renko chart, time is irrelevant.
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MicroTrends ibukun
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28/11/2009 17:22:01
ibukun
Moderator
Posts: 23
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Hi Monte,
the first thing u need to do is to dowload the Renko bar zip file ( which can be found somewhere on this forum).
http://www.micro-trends.co.uk/forum/topic14-renko-bars.aspx
Once you have it on your computer, u will need to import it into Ninja trader (using file, inport ninja script, select where u save it).
It is only after u have done this that you can then choose Renko as a chart type under your format chart series or when u are opnening a new chart.
Pls let me know if this helps.
Cheers.
edited by tom on 28/11/2009
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MicroTrends ibukun
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26/11/2009 10:59:33
Tom Leeson
Administrator
Posts: 661
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monte wrote:
I downloaded the renko assembly, when I chose the chart type it only list cross domain 1, 3 or 4 is this a template or an indicator either way it does not load as a renko chart.
Monte
Download and import it as an assembly:
File/ utlities/ Import assembly
edited by tom on 26/11/2009
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MicroTrends tom
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25/11/2009 16:59:19
Tom Leeson
Administrator
Posts: 661
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Please download this free assembly and import into NinjaTrader
When you create a new chart you can choose it from the list
http://www.micro-trends.co.uk/forum/topic14-renko-bars.aspx
edited by tom on 25/11/2009
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MicroTrends tom
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25/11/2009 00:56:51
monte
Posts: 1
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How do you add renko to your charts.
Monte
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monte
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16/11/2009 15:38:06
iaderibigbe
Posts: 5
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Check out these two charts (FDAX & Z). U can also clean out on these as well.... Want to know how??
All you need to do is ask....lol
Using the scalper on renko chart is very cool. Renko charts are not time based, they are transaction based. If you have not tried it before, I suggest you try it out. You can easily see support and resistance and it also keeps you in trades for more juice.
Watch out for more charts on Renko....I will also put up time based charts. Scalper works on all charts. Can't wait for a live trading room to show off this amazing creation from Microtrends.
edited by tom on 18/11/2009
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iaderibigbe
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