More simple is impossible

Evening guys!

Took one just now on US30.

DIV + BRN + Double bottom + FIB 61,8 + TL break = +46

Obviously need to work on my exit strategy, and the nerves…

Hi everyone!

I like very much Renko-HA charting technique, cos it gives better look at the trends, but got no good results as at the moment.

Can anyone more experienced in Renko-HA analysis guide me about how to use them properly in EURUSD, GBPUSD and other FX pairs? Need rules for entering and exiting the market, and how to monitor positions. And maybe even sharing views on the market. I think it might be even good idea to organize some sort of chat to share screenshots and ideas in Renko-HA analysis.

Can communicate via Viber, Facebook, Whatsapp, Skype etc.

Hi Sersad!

Welcome to the thread, what you are looking for is among the 10000 posts in this thread. I started reading in 2016, got off track in 2017, but found myself and came back reading in 2018. So I suggest you start reading, there is a lot of knowledge in the thread.

Interesting idea about the chat, create something and perhaps people will join.

Hi DiletansEmal.

I do read the thread, and noted some methods like diveregences, breakouts etc., which some traders use. Gonna try them. Still long way to finish. What I am saying about is that for example in other threads there are some rules about the methodics, which indicators to use, how to enter, exit, monitor, etc. In this interesting thread I found nothing like that, just suggestions, everyone seems to invent something for himself.

I believe it might be helpful for everyone and especially for newcomers, if traders who already gained experience with Renko-HA analysis would share their experience with explaining rules of their methodics. What is the trigger to enter market? I tried taking all HA signals, that went bad. How to avoid flat market? Any filters?

Regarding chat, I can organize, why not. Which messenger will be more convenient: Viber, Whatsapp, Telegram?

Hi all.

Here are 2 fresh deals from this morning (demo acc).
GBPUSD - on divergence of price and macd:


and EURUSD - many reasons, but let's say the main is global trend DOWN + bounce from pivot level:


I will update later on what happened in this positions. Any comments or advices on the quality of these deals are appreciated.

Both positions got losses, -13 pips and -11 pips.




I then realized that both positions were taken versus Renkostreet_trend and gonna try out this indicator now. Still it seems that this indicator repaints actually. Anyone has any idea about it?

Hey guys,
it was a nice scalp.

Sorry for size of picture...

Hi, I don't know exactly pairs you traded.
GBPUSD - the divergence was good, but after break is that risky, in this case is better to wait for a pullback and continuing of the trend, or have also another confirmation. But is very easy to say it after the fight.
EURUSD - according to me bad luck, there can be two ways.
1. there is Hidden div.+Pivot+TL. I think good confirmation for continuing.
2. might someone could say, there is MACD above zero line, there isn't 123., and LH LL isn't there already too. But as I've already wrote, after the event everyone can be smart.
Someone with better experience than me, can to say us more.

So here you have my example how I lost lost also opposite the trend, also bad luck but this is trading

Edit: pattern I uploaded I am trading very often with success, ...double Div.+bounce slightly below BRN+bounce of my S+R

Hi all,

All are Longs, Emas 50 and 200 opened UP, wide H1 range has already broken:

1. Hid. Div + bounce BRN +10 +0
2. Div+DB+bounce again BRN +5 +0
3. Break of range, Stoch+MACD ok +5 +0
4. PB of break bounce of range +10 +16
5. Hid. Div. +5 +0

Exit and end of the morning at Div. BRN+S+R

Sum=+51

Stay green and have a nice weekend.

Hi All, I am new to this thread and have read the first few pages where this strategy was first explained. It's brilliant! I thought I would pop here to the last page to see what was being discussed and if the strategy had changed much, just out of curiosity. Well....lots of indicators on everyone's charts, discussion of divergences, pivot points, etc, etc....ohhhh, sooo much stuff not ever mentioned in the strategy at the start. And considering the name of this thread is: "More Simple Is Not Possible" I have to ask, are all of these additions helpful to the strategy? Or is it just what some traders prefer, from their own point of view? The strategy being simple to understand and simple to execute is a MAJOR attraction so why change it? Your thoughts are most welcome! Cheers!

Hi Ozymandias and all,

yes, some people have here a similar question from time to time.
HERE, HERE and HERE e.g. you will find some answers to your question. Then I'll add something personally.

Someone is trading clean chart here, somebody not.
I think the idea of a simpler view on chart is still here, still preserved thanks to the Renko bricks.
I personally prefer Matmomo's settings, which is Dee50's template with just another bricks size. Dee50 has almost the size of bricks 50 and Matmomo 30, which are for me more comfortable.
I've read every posts from this thread, learned a lot, and I understand that it is not possible to trade without complete analysis.
For this we can thanks to the greatest contributors such as Dee50, Matmomo, Matomi, JoshuaHop, and many others. Also great thanks to Jaquemate for this thread. He has also recently shown that he is still trading and how, on this PAGE. Like others here, he analyzes important levels.
I thank the contributors very much and I respect them with great respect!

Indicators, yes, someone does not need them, but in particular Dee50 has shown us how successfully to use Stochastic and MACD to entry/exit and he provided us many, many materials to analyze it and to learn. EMA's are helpful indicators for the trend and we trade bounce of them, or returns to them.
As the Dee50 taught us, in the beginning of trading is enough looking at the market. I personally every day before starting to trade, I look min. 30 minutes at charts, update SR, TL on H1, watch the opening level and the Pivots. Then I better understand, what is going on and making it easier for me to trade. I usually do not trade the first 15 minutes after LO.

Especially thanks to this thread and of course also many other well-known books, methods, and especially the transformation of my mind through the book Trading in the Zone by Michael Douglas - read, read, read !!! I have become a consistent and I trade on the real account for almost a year - but I'm still learning, I will, and I do not mind. The demo account never delivers real behavior to the mind. From a psychological point of view, I also recommend The four Agreements by Dom Miquel Ruiz - then you will see the world a little different.

In addition, if you want to start trading on the real account, triple your demo account, then go with little capital to real. After each doubling, take half and leave there again only the base, because the human mind is able to do something crazy in the defense and the account is empty - it has happened to me many times and I just watched it and then said what I did. I'm writing mainly about learning to take a loss.
Personally, I have already professional status at Broker, and I do not need a lot of money on my account because I still have big leverage. Therefore, if you go to on real account as a newcomer, it is better to choose a broker outside the European Union, or wait for Brexit, then to choose some from the UK. But Dee500 showed us also how to deal with ESMA rules as well.

So I hope, I have provided useful information and explanations.

Enjoy the rest of the weekend.

PS: I recommend you read more then the first and last few pages here, then will be all cleaner.

PS2: please forgive me my English, is very far away from my native language and I learned only myself, at school I had compulsory Russian during my youth in deep communism.

Edit: useful stuff
-series of Trading chaos, by B. M. Williams
-How to Make Profits Trading in Commodities, by W. D. Gann
-The Art of War - Sun Tzu
-Learn the principles described by Wyckoff and Elliot
-books by Lance Beggs and blog http://yourtradingcoach.com/

Thanks Dee50

Great post Libo!!! I recommend read this thread not one...but again and again. Every time You do this - You find something new and useful he

Tremendous response, LiboCop! Thoughtful, complete and logical. It will take me some time to go through the points you have made and the linked reading, but I am encouraged by the effort you have made here. I will definitely look at this seriously. Thanks for your work!

Hey guys,
here was a nice trade.

And one more

And the last...

Hi, some of yesterday's trades

1. long Strong momentum, I took PB on BRN +11 +11 (DB, Div.)
2. short DB, Div. +7 (BRN) +11 (TL)
3. long bounce BRN long +5+0
4. long BRN hid. Div, bounce DR1 +7 +12 on Prev. daily low, TL, SR, H1TL

Have a nice day.

...after this i need a big cup of coffee

1. 10:25 (9:25 CET) short Div. bounce Emas 200 BE,BE
2. 10:26 again short Div. bounce Emas 200 +4 (DB -0,5%) +10
3. 10:44 short Div., DB, Div. +8 and BE
4. 10:49 try again short on PB, +5, BE
5. 10:54 closed manually - 2,-2 ... I'm losing nerves
6. 10:57 last try, then a rest, +5 on TL and open, BE ..coffee
+28