Let it turn and find your entry.
RENKO Trading SYSTEM - RENKO Indicators 7 replies
Line in the Sand 106 replies
New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies
Line in the Sand Part 2 4 replies
DislikedStill tweaking trying to find those easy middle trades and the best entries for them. {image}Ignored
Disliked{quote} Maybe this would give the best of 2 worlds -Tops and Bottoms/Easy Middle {image}Ignored
DislikedI have been trading with Renko for a while now and have seen good days and bad days, caught some tops and some bottoms, blown one account, survived 2 margin calls in 24 hours (yesterday) I've been cautious and been spontaneous, but I'm still hanging on. I have gathered a few tactics in trading the Renko and have not had the discipline to stick with one. I am starting this thread to outline how I intend to trade my favorite setup, the "LINE IN THE SAND" This is more like a journal and discussion thread so feel free to weigh in. (Objective BS welcome)...Ignored
Disliked{quote} ovo point o bars ( pob) are Better than renko, just like point and figure charts, they don't hide the range nor do they favour the trend (unlike Reno), maybe you should try itIgnored
Disliked{quote} ovo point o bars ( pob) are Better than renko, just like point and figure charts, they don't hide the range nor do they favour the trend (unlike Reno), maybe you should try itIgnored
Disliked{quote} on the LTF the point O charts opens up multiple entry points, you see the ranges and the range breakouts and breakdowns. You just need a great filter and you will profit immensely. {image} {image}Ignored
Disliked{quote} Thanks man I didn't know this was available, it's much the same as Mathtrader7 Nongap Renko creator EA which I aided my learning some nuances of Renko. On the HTF, I favor the regular Renko which smooths out a lot more noise then on the LTF the point O charts opens up multiple entry points, you see the ranges and the range breakouts and breakdowns. You just need a great filter and you will profit immensely. {image} {image}Ignored
Disliked{quote} Yeah they look like mathtrader7 "rail to rail" charts although he came up later with it. Actually those type of charts are just point and figure charts with variable reversals. They provide better visuals for grids and martingales.Ignored
DislikedBeing fine tuning my entries, yes the entries and need something simple and uncomplicated so I turned to the CCI and OSMA. It's a pity that I have not "trained" well enough with these as EU just fell and fell today. I have been sticking to a 3.4 pips blind SL and minimum of 1/3 RR,so will see going forward. {image} {image}Ignored
DislikedHi Intrepidpips, could you share this newest template & indis? It looks very promising.Ignored