Great thanks
- Joined Jan 2013 | Status: Member | 4,173 Posts
MA provides the market's current direction and strength.
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DislikedLet me add to the safer scalping trading techniques of this Renko thread. Stochs under the chart and Hma's on the chart - wait till agreement. The stochs arrows can be the exit as well as the entry when the Hma's agree and importantly the stochs under the chart have crossed in the direction of the trade. My stochs are 21-3-3 and 89-5-2. Adjust the stochs settings upwards for lower settings of Renko - this indicator attached is set for standard 10 although it works on higher values. 89-5-5-ema is good for 5 values of renko. George {file} {file} {image}...Ignored
DislikedIt is meant to assist safer entries - but I know templates and indicators are personal to the trader's eye. Someone will find them very useful but not everyone. GeorgeIgnored
DislikedThe are Hma's - not ema's. 55 and 34 but stochastics crossing is important as is the stochastics levels. GeorgeIgnored
DislikedLet me add to the safer scalping trading techniques of this Renko thread. Stochs under the chart and Hma's on the chart - wait till agreement. The stochs arrows can be the exit as well as the entry when the Hma's agree and importantly the stochs under the chart have crossed in the direction of the trade. My stochs are 21-3-3 and 89-5-2. Adjust the stochs settings upwards for lower settings of Renko - this indicator attached is set for standard 10 although it works on higher values. 89-5-5-ema is good for 5 values of renko. George {file} {file} {image}...Ignored
Disliked{quote} I answer my own question it wasnt a valid entry because macd wasnt below zeroIgnored