My own challenge to Myself

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
Day # 8
137.0 = Today's Range . . . 170.4 = 30 Day Range . . . 5.0 = Renko Brick Size
11.05.2016.png


No trading for me today . . . still licking my wounds :(

.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
Day # 9
244.0 = Today's Range . . . 171.5 = 30 Day Range . . . 5.0 = Renko Brick Size
12.05.2016.png


Very nearly extreme to extreme (R3 - S3) today - A Good day to trade :)

Lot of pips up for grabs - Remember each Brick is 5

You can Ctrl & +/- to make the image bigger/smaller with Windows


Looking at picking up the challenge again on Monday :)
.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
Day # 10
240.0 = Today's Range . . . 173.0 = 30 Day Range . . . 5.0 = Renko Brick Size
13.05.2016.png

Slightly different setup - Still Renko Bricks and bbsqueeze but now with 8 and 21 EMA's plus GG-RiverFlow The vertical Open Close lines are generated with Session Open V-Line Indi - you have to open the hood and add more lines depending on how many you want to display.

New set-up is in preperation for me to resume my challenge on Monday

Not too sure about the Pivot lines though - trying TzPivots found on this website
.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
Would you believe it . . . The Germans are having a holiday on Monday . . . So I need an alternative

ALL.png

But which of the eight ?
.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
GBP/JPY FTW!
Not sure about what you mean with FTW I am only aware of WTF order of the letters :)

Appreciate your input BUT what was you decision it based on ?

I had all but decided on "Cable" (2 spread) which is moving pretty much the same as the "Gopher" (4.1 spread) BUT with half the spread

GBPJPYUSD.png

Looking at the ADR's

GBPUSD - 5/103 - 10/121 - 20/125 - 30/127

GBPJPY - 5/195 - 10/178 - 20/278 - 30/222

H'mmm . . . Low Spread vs High ADR

Decisions - Decisions ?
.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
H'mmm . . . Both the H4's are showing the end of a squeeze

Will see what happens to both of them BEFORE Frankfurt opens
.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
It's only when you put the two options together that you see the advantage of one over the other.
Looking at GBPUSD with GBPJPY OHLC they look very much alike

H1.png

BUT . . . when you look at the same with Renko

Renko.png

GBPUSD - London Open to New York Open = 5 hrs = 25 Bricks = 125 Pips

GBPJPY - London Open to New York Open = 5 hrs = 70 Bricks = 350 Pips

GBPUSD - New York Open to Chicago Open = 1 hr = 18 Bricks = 90 Pips

GBPJPY - New York Open to Chicago Open = 1 hr = 37 Bricks = 185 Pips

.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
Should have recorded these figures at the same time :(

GBPUSD - Franfurt Open to London Open = 1 hr = 13 bricks = 65 Pips

GBPJPY - Franfurt Open to London Open = 1 hr = 21 bricks = 105 Pips

GBPUSD - ALL DAY = 24 hr = 98 bricks = 490 Pips

GBPJPY - ALL DAY = 24 hr = 281 bricks = 1405 Pips

I could go on BUT I have made the point . . . at least to me . . . GBPJPY is worth the extra spread.
.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
Monday 16 May 2016

Bank Holiday.png

I was going to trade the GBPJPY thinking it was Bearish (Sell) BUT it kept going up and up all day proving me wrong - so I never got in :(

Been a different story if I listened to myself and traded what I saw OR had stayed up and caught the Tokyo open (Green Line)

GBPJPY_16.05.2016.png

C'est la vie
.