I am not the owner of this thread, I am just a part of it. I intend to share my trading here but the purpose is to bring all renko traders together. I have probably read most threads on renko here and I think, based on traders' performance, and my performance, Renko trading is the way to go.
What I want is a social network of renko traders to share ideas on how to profitably trade off renko bars.
My system is pretty simple, I use a renko of 13 pips, offset set to three and wicks being displayed.
Add to that chart a 5EMA (Typical [HLC/3], shift 2). I also add stochastic 8,3,3 in the equation (close, linear weighted)
A simple MA89 may be added; Renko loves it. Here is a snapshot:
http://www.forexfactory.com/attachme...1&d=1332886005
Its rather simple to say the least, Just look for price to go above/below the yellow line (5EMA) and Stochastic to be oversold/overbought and crossing and you are good to go.
Exiting at the next reversal signal would be ideal although other methods can be employed.
I will be logging my trades here so that we can discuss renko trading and how to do it. I am not a pro and my call is 'all hands on deck' fo renko traders.
Lets start trading and discussing Renko.
What I want is a social network of renko traders to share ideas on how to profitably trade off renko bars.
My system is pretty simple, I use a renko of 13 pips, offset set to three and wicks being displayed.
Add to that chart a 5EMA (Typical [HLC/3], shift 2). I also add stochastic 8,3,3 in the equation (close, linear weighted)
A simple MA89 may be added; Renko loves it. Here is a snapshot:
http://www.forexfactory.com/attachme...1&d=1332886005
Its rather simple to say the least, Just look for price to go above/below the yellow line (5EMA) and Stochastic to be oversold/overbought and crossing and you are good to go.
Exiting at the next reversal signal would be ideal although other methods can be employed.
I will be logging my trades here so that we can discuss renko trading and how to do it. I am not a pro and my call is 'all hands on deck' fo renko traders.
Lets start trading and discussing Renko.