Not much action out of ADP..came in at 201 with concensus at 210..maybe the Draghi show will liven things up

Yepp...got my coke and popcorn and ready for the fun...Draghi is always gonna screw things up a bit..let the fun begin!(LOL)

GM pennies...might get some action at 7:15 our time..ADP employment data!

BTW I'm still trying to figure out how they can consider USD to be either cleanest dirty shirt or best house in a bad neighborhood...theres at least SOME good fundamentals news from other nations whereas US economic news is mostly rotten and for obvious reasons..this nation is doomed til they get those idiots out of power and even then it will take generations to clean up the mess theyve caused.Reports for US are often like today...mixed signals signalling false reporting in a big way...personal spending reported at ZERO yet an hour and a half later ISM data was better than expectations??!!Manufacturing is supposedly better but then personal spending shows theres no one buying the goods!!NONSENSE and typical lies being reported in the US and has been since the campaign began to put that idiot in the whitehouse the way I see it!We're pushing $20 trillion natl debt...just ask Zimbabwe if thats a good thing(LOL)

Yup...crazy aint it...another thing that's crazy is the continued stomping of N/USD...markets convinced that they'll cut rate at June meeting..hell even if they do and do it by 50 bp that's still 3% !!Wonder where these clowns can get that elsewhere.The logic or lack thereof has always astounded me..I just attribute it to cartel action by the mega banks even tho its not legal..the handful of big guns doing it have a reason for their actions and that's to make money....not to make sense(LOL)Theyre gonna make a killing when they force it in the northerly direction!

Hey I got a kick out of a comment I read about why these idiots keep propping up the USD...they said its not that the dollar is so wonderful but more like buying the best house in a BAD neighborhood!!(LOL)..more bad data today..personal spending is ZERO again!

Always good to see you n4te..the charting program we use is called MT4...we get it free by opening a demo acct with a broker that supports MT4...most do...I have one with FXCM and another with Oanda

Cant help but think E/NZD is ready for a very nice down move...this last run is 489.6 pips with no zig zag retrace.I'm guessing a countertrend move should be around 180 to 300 pips from a look at its history

jav..since renko is purely price based I am looking for best combination that meshes well with that type of chart using traditional time based toys..heres another chart..this a bit different..EUR/NZD not using semaphor but instead the zigzag w values indy set at 6,1,1 and added to this a donchian 14 channel...this looks really good to me..BTW these bricks are also 20 pip bricks..everything seems to track pretty close with renko.Think I/m headed in the right direction..

Beats the crap outa me..pennies.. but no point in griping about it just gotta do it..its been that way so long now I buzz through it easily so I quit griping(LOL)

Hey guys..Heres a renko template I'm gonna test out next week..it uses 20 pip bricks...COG set at..

400
1
0
1.618
1

and below is a 2 period RSI heatmap

below that are two macds..one at 8,17,2(green)...the other at 17,8,2(red)

Been doing well with renko so now I may try a setup like this to catch some of the really big moves

chart

Yep...once the hidden files and folders are on unhide then the rest of it has odd steps but its a piece of cake to install new toys.

Hey pennies..the files are probably hidden..he will have to unhide them first then appdata..roaming etc will be available to work with...been a long time since I had to unhide so I forget the steps needed

I'm fine here pennies...but worn down to nothing..lotsa folks still without power from tornado that hit our town and here at the store we've run a whole weeks sales in 3 days!Still got tomorrow to face and I'm ready to cry uncle(LOL)

GM jav..I dropped the wicks from mine also...another thing I did was went to 5 pip bricks instead of 3 pip

jav..I slowly and carefully searched for fresh roadkill on the way home today to no avail...guess I'll be forced to buy something from local butcher...hate that too..no doubt that roadkill yields a lot better profits and is a lot tastier..sort of(LOL)!

Well guys I had a day from hell today...a tornado hit Henderson last night just a few blocks from my restaurant and knocked out power all over town but mine was restored early this AM...that made my place and 2 others nearby the ony places available to eat out in this town!Even all grocery stores as well as Walmart were without power!!We had a 33 year high record sales as a result today and it was uttter chaos even tho I have a really good and seasoned crew...by about 2PM we simply had sold all we could sell and out of so many things we had to start turning people back..was a helluva day to say the least,..along with that my suddenlink internet cable was down most of the day not that it mattered that much..no way I coulda traded with the madness at the store.I Praise God that I had no damage at my place from the tornado so I can keep the profits from such a windfall sales day.Now I have to scramble tommorow to have anything to feed people with...today really blew us out!

BTW guys..if anyone has FXCM and sets up Renko chart on marketscope the default brick size is 100 pips...just click file>create view> dbl click renko and on that screen set brick size to whatever you want.I reset mine to 3 pips..100 pip bricks are hard to trade(LOL)

Hey guys...I have 3 live accts..one Oanda and 2 FXCM and decided to do some digging to see if Renko is available for my marketscope charts with FXCM...sure enough I found it!If any of you trade FXCM just go to file(in chart window) and click create view...then dbl click Renko and there you go!BTW it also has Kagi if wanted...anyway I am very glad to have discovered that and wanted to pass on the info to anyone with FXCM acct.

Yep he was ...SherriT was also a master programmer..have always missed her being on the board as well.With your past experience you probably wont need help tho other than banging around concepts and ideas.

Have thought about it numerous times but never had the time..dabbled in C++ and visual trader stuff but was never really good at it...would be nice if gitonwithit was still around..he knew his way around in mlq4 very nicely..he could probably speed up the learning curve for you..I used to throw an idea at him and he wrote the code and enhanced my original ideas BTW.Good luck pennies..you can do it!

GM pennies..I'm kinda favoring the 3 pip bricks or depending on the pair something close to the typical spread for the pair being traded.One thing I do remember from my previous experience with renko was reducing brick sizes could be counterproductive but then that was with stocks and certainly microscopic volume compared to FOREX..so I think the smaller brick size can be really good with this stuff.Time will tell.

Danged markets dead as a hammer with US holiday...hate that too...not giving me much of a chance to play around with the 3 pip Renko bricks since N/U is only moving around it spread and its all I'm interested in today...oh well

BTW if you guys like the heatmap this version is found here

http://www.forexfactory.com/showthread.php?t=199285&page=38

I'll give that a try pennies...I also have been messing around some with different stuff using renko and heres a beast chart using 2 heatmaps below...an RSI 2 with RSI 9 above that...the COG is set at

300
5
0
1.0
0.8
this looks pretty danged good

Dang it pennies..I have looked til I'm blue in the face and it seems theres no way to actually run a trade simulator and Renko in the tester!!..Dang I hate that..Renko is the best thing since sliced bread but I love running successful toys in the strat tester so I can try and take them to 100% win ratios.Guess I'll just have to live with it!

Thanx pennies..got Renko working in tester...I found the problem was I was trying to run it using FXCM MT4 and as is their habit theres seldom if ever a connection on the weekend with that one...so I went to my Oanda MT4 which shows connection and it works like a charm....so apparently if no connection it cant be used in tester.

Hey pennies I guess I'm missing something bu how do you run Renko in the strat tester?Details Please!

GM jav..what about you..are you doing well with Renko...hope so.I see it as a real game changer and takes most of the struggle and guesswork out of trying to trade this monster called FOREX!

US CPI data in 10 minutes to start the fun!

BTW ..E/NZD has been a really good trader for me using Renko..lotsa pips to be made there..if you look at it youll see the cluster its trying to form..gotta wait to see the break direction from that cluster if it does form.

Probably smart pennies..especially with Draghi running his head later..he is usually good about bringing volatility to the market and unsure directions as he speaks.

GM pennies..session has gotten sluggish and guess that's why...took a pretty good chunk of pips on N/U long and a few pips on EUR/NZD short but closed the E/N for 32 pips ..Renko looks like more downside on it but not sure now if its trying to form a cluster at the Quad Tunnel so decided to take the money and run.

Hey pennies...just gotta thank you again for bringing up Renko..its really good to trade by along with some of the other toys in our toychest..the combination is awesome!Izza game changer for sure!

LOL...well xan I still think you should come over to the dark side and trade FOREX with us...with penny stocks you have trade costs to your broker but not with FOREX...IOW with penny stocks you pay good money to lose your account but with FOREX theres no trade costs and with massive daily dollar volume of over $5 trillion you can also lose your account and faster...but wait!!Theres more...you may lose all your money in FOREX but at least you don't pay a broker to do so(LMAO)

xan..one thing that makes no sense is why UBS Warburg would plead guilty to rigging interest rates...banks cant do that,,its set by each nations central bank...not private banks...what they DO tho is overwhelm the market in concert and manipulate the exchange rates..not the interest rates.Funny thing is the last time the big banks got caught I was thinking it was Citi that was the whistle blower...so got off ok..it was one of the major banks but not sure if it was citi..not that it matters..they all do it!

Hey xan..how goes it...that's not the first time those banks have been caught forming cartels...and it wont be the last nor will it stop the practice.As long as anything CAN be manipulated for profit it WILL be manipulated.Hardly anythings a level playing field.

I'm all cash now and gonna stay that way til the dust settles later...FOMC day today!!!

Looks good pennies...you may have built a winner!

Yep..lotsa options in working with Renko..one thing I consider important is the use of SMA100 and SMA200...backtest Renko and I think youll see the importance of them