Howdy jav...takes a bit of getting used to doesn't it...been doing well with it now though

As best I can tell from the Renko code this version is point based set at 10 pips per brick and in 2009 wicks became an option...I was wrong in thinking it ATR 7 based...I see no options box for it but if ATR were used it appears ATR24 is the default.Anyway..its a really good Renko version for FOREX IMO

Corngrats pennies...I am so glad you pushed me into messing with Renko again...that version is really good and I have been doing nicely with it this AM..been scalping E/NZD both ways..the version is a bit different than I was accustomed to on equity charts and Renko...on E/NZD the brick is about 10 pips in size and it prints shadows which I like...the shadows are not on all bricks but I can trade the shadow length as well as the brick length...the usual Renko brick has no shadows and is usually based on either a 7 or 14 ATR....sometimes on points rather than ATR..Haven't checked the code on this version but I'm betting around ATR7 is being used.Anyway I am loving it on FOREX

The Kaji is also indepenent of time its strictly price based pennies...different..but fits into the scheme of things..looks like a good addition to Renko chart

BTW the Kaji chart can be downloaded at this link if interested


http://www.forexfactory.com/showthread.php?t=213384

Got the Renko set up pennies and added a little twist to it..Kaji...this chart has both..cute huh?

GM pennies and all..since youre on a quest for price based setups rather than time based theres 2 more options besides renko and 3 line break...one is range bars and another is another ancient Japanese charting style called Kaji which in my Renko days I also messed with some...heres an M1 EUR/NZD chart using Kaji..smoothed HA and COG...this seems to be a very complimentary setup and I may trade it a bit this week.Havent taken time or had time to set up the Renko but intend to.

Thats right jav...3 Line Break is strictly price based but usually best traded on M1 chart

under properties change to line chart then under line chart change color to none..see if that works jav

hey pennies...you might consider another price based charting style easier to deal with than Renko or point&figure but still a price based chart style,,not at all time based...the method is another I've used developed by the japanese called 3 Line Break.This is not hard on system resources and once you get your head wrapped around price based rather than time based its very good...the download is in the link below..you can have a simple chart using 3 LineBreak and SUPDEM since moving avgs are of little value on price based charting.

http://forex-indicators.net/mt4-indicators/3linebreak

Howdy pennies..be careful using Renko..it must be fully understood ...several years back I was a mod on a Renko board..still am but that was like 6 years ago when board was active...heres a link to the old board


http://investorshub.advfn.com/RENKO-CHARTS-12855/

If interested in Renko you might want to look at some of the trials and tribulations we went through working with Renko.Another issue with Renko was that on MT4 if not careful it was tough on system resources but methinks keeping bars in chart and bars in history at 2500 I think the resource issue may be no problem.Renko is not time based at all..only price based...a lot like point&figure charting.I may go back to the old board myself and refresh myself on Renko...thats been a longgg time ago!

GM guys...I found a sweet little indie for finding zigzag channels..called zigzag auto channel and heres the link

http://www.forexfactory.com/showthread.php?t=240156&page=2

Heres a link to the box option function that I was talking about that Oanda used to have...wish I had it back!

http://www.oanda.com/corp/news/pr/boxoption08122005

GM guys..I like the breakout box stuff pennies.a long time ago I messed with it some but back then didn't quite have the technical skills in FOREX to really do well with it..reason I was doing it was back the the regular Oanda platform had a function that allowed you to buy or sell boxes..I forget just exactly how it worked but if you were right you got paid based on how far you projected the hit to be..if your projection was fairly close to price action it didn't pay much but if projection was further removed from price action it paid very well.Kinda wish they hadn't dropped it from their platform.

Lotsa storms and tornadoes in my neck of the woods.last 2 or 3 days been pretty good tho but think more may be coming..gonna check weather reports tho and hopefully we will miss the next round of that crap.

Great..pennies good to hear youre Ok..with all these hellish storms in the south I worry about people like a mother hen(LOL)

Howdy jav...been so busy I've been AWOL today but wonder what pennies is up to today..havent seen anything from him or maybe I just missed it if he's posted.I've done very little trading since yesterday..theyve been pushing me around at the store....thats good but not making many pips because of it.

QE is more likely...print more money...a rate hike is a pipe dream with natl debt pushing 20 trillion dollars!

Yep stargate...personal spending has ground to a halt..not good!!

Well for a couple of hours now Oanda seems Ok..so maybe their servers just couldn't quite handle the load after US news hit..another dismal report which is no surprise..BTW I'm glad youre getting your feet wet on COG if its helping you...my params that I'm most pleased with on COG and doing well by are as follows..this makes a very reliable polynomial regression channel so far..


960
4
0
.882
.882

GM pennies..been having my reg Oanda dropping out on me this AM...have you had any trouble with yours?If not I'll have to try and find my problem...seems fine now but not sure if I can trust it yet.

Well guys..gotta pull the plug and head home..c yaz later..I'm tired

We may not have a set and forget situation like the usual template type thingy but the extra efforts pay well in pips so its well worth the hassle.

I think it COG gives me pretty well what I wanted...with attention to fib levels or based on fib numbers it gives me a dynamic fib if properly set up ...and right on ...trading the extremes are where the most pips are made with COG

jav...m sets the reaction of COG curve to price action..I forget what I is but just leave it at zero...kstd is deviation and kstd internal is another deviation factor I don't quite understand...sname seems to just place a little red dot at beginning of a COG curve..who knows what if anything else it does

pennies I'm glad some of you see the merits of using the COG since it might now mean some fruitful discussions and some standards developed...I have been using it as you all know but get weary of matching factors such as a particular pairs volatility...sample period etc.Once done its really good but a template just about needs to be set up for each pair and TF to get max benefit.My thoughts are that 1 deviation may or may not be good and BTW it appears that sample period of last 4 H4 candles should suffice for M1 and should be reliable on higher TFs up to at least M15...anyway before I get sidetracked in my thinking here goes...the deviation is very important so consider this...when we set fibs on a chart we expect .618 retraces on cycling pairs...often .764 and best trades usually go to .882...with this in mind I am now setting kstd and ksd internal both at .882 then go to the "m" factor to try to adjust the volatility curve to match price action.Sometime its a 4 and sometimes it might be 5 depending on the pair..m factor adjusts the reaction of COG to price action pretty nicely.I just closed an E/NZD long for some good pips on M5 chart using this method and here are params I have set on it trading M5

960
5
0
.882
.882

Any thoughts you guys may have are sure welcome..BTW if you go to E/NZD and set these params check it out on all TFs from daily down...looks danged good to me

The tricky part is setting parameters to match both the pairs volatility and TF of interest..once nailed down its great

Wake up boy!!NAP TIMES OVER...I finally had a decent trade and closed a E/NZD short for 52 pips...bout time..didn't make a pip yesterday waiting for market to grow a brain on NZD(LOL)..as best I can tell the consenseless is that NZ will cut rates twice by 2016 so theyre pricing it in by selling it down....stupid to me but they make the market..not me!

Well all I can say is AUD..ODD...AUD...ODD(LOL)..they cut rates 25 basis to historic low and it stays bullish!!??..weirder than weird..maybe the main technical play is bullish retrace of AUD/NZD...oh well..til I see light at end of the Quad Tunnel I guess I will go pipless today(LOL)

Yup..NZD getting a whacking for sure...even stranger is that AUD is holding ground..these clowns usually take em both down or both up...stranger than strange.Bound to be a technical play..fundamentals seem to be of no importance on this...I mean ..COME ON!!...long Yen and short NZD at this level!!??(LOL)

I sit here in utter amazement watching NZD get beat up like countless times before..I see no sign of letting up yet so its been a wasted morning..no trades at all!Its pushing a key fib line at .8821 on N/J but no way it looks like that may be bottom the way these clowns have the sell button stuck down(LOL)Guess I'll just wait it out...makes no sense on N/J but then FOREX big guns seldom ever do!

That's odd..both my computers run fine on M1 in tester...no idea why yours isn't...as with anything youre not used to the tester and or demo is important before live trading with it..hope you get it going..if not then just play around in demo some.

GM pennies and all...it will run in strat tester but you have to start tester and run on top speed for a long time to get COG history complete for 1440+ M1 bars..after that it can be traded..pain in the butt but it works...but if you close the chart you have to start all over.

Hope you have a great evening..sounds like storms are headed my way..lotsa rumbling and getting closer by the minute...hope I have a chance to trade ..storm sounds ugly!

Got one more word on all this...if Quad Tunnel is between any COG lines it can trump further rise or gain..can be temporary or can be a reversal..the QT is still a powerhouse that has to be respected.

NZD/USD is one to watch..it closed right on a midline on my chart...it may be rejected there but its hard to say..midlines as I said can be iffy..if it crosses then .7510 is first red line so would be first target to upside followed by .7525 and silver at .7543..these numbers are as it stands now...because COG is dynamic those numbers will increase some by the time the lines are hit IF it keeps going up across midline.You can look at your green lines for downside targets in case N/U fails to cross midline.
BTW my numbers an be different because of broker times..my MT4 broker is currently FXCM

Your best trades are when price is at COG extremes..the midline can be iffy..once price reaches your red lines or green lines give it a chance to be either supported there for further moves or rejected there...watch the angle of COG..if pointing up itsa long til it proves otherwise..if pointed down its a short..often on the way up the price may hit a red line and fall back but notice it usually return til it crosses it to support there...then next red line is target.once it hits silver line the party should pretty well be over and a short may be soon to come.Downside moves are same in reverse.

Hey jav!!...I just had to bring my setup to the board again..I dont want anyone to miss the boat on that..its just been too good for me not to share it since my mission is to help all I can..if you guys test it out and just cant seem to prosper doing so then I cant imagine why but at least I didnt keep it to myself...crap jav..this things been so good for me I think if you get a feel for it you can throw away your little pink floaties(LMAO)
Seriously tho jav..I made 182 pips friday trading an M1 chart using this setup..it would probably be fine on any TF but its desiged for M1 and yields plenty of pips..often 30 per cyle or better depending on the pair.

Almost forgot...depending on volatility you may find some pairs could use tweaking on the COG kstd ,,,I occasionally may need to go to a bit higher or lower deviation but what I have given you is pretty good overall under most market conditions I've seen.Also on COG params the m factor increases or decreases COG responses to price change in case you wonder what the m does

Guess I better get off my butt now and go get some stuff done outside...C ya a bit later