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Renko line in the sand

  • #281
  • Nov 24, 2022 2:59am Nov 24, 2022 2:59am
Your best strategy or "Holy grail" can become a "Holy sh@t storm".

I missed the FO opportunity which could have been enough for the day so FOMO stepped in and I would have had a big hole in the account (potentially -58pips) but the market smiled on me at last.

This has led to further tweaking though.
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Let it turn and find your entry.
  • #282
  • Nov 24, 2022 3:04am Nov 24, 2022 3:04am
Simplified further
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Let it turn and find your entry.
  • #283
  • Nov 24, 2022 3:51am Nov 24, 2022 3:51am
Hi Intrepidpips! Good work! What do those percentage amounts represent on your charts?
  • #284
  • Nov 24, 2022 4:44am Nov 24, 2022 4:44am
Quoting Intrepidpips
{quote} Let me use FF as a virtual store place. This doesn't contain the template, I don't wanna do that again so many bots harvesting templates and posting them on other sites. {file}
anyway to get the template atleast on private? i cannot make the chart look like yours
  • #285
  • Nov 24, 2022 11:08am Nov 24, 2022 11:08am
Quoting bitgiggy
Hi Intrepidpips! Good work! What do those percentage amounts represent on your charts?
Those represent the projected range for the present day based on the previous day's or average of 5 day's range. They are used as targets for going long or short and most times they serve as pivot points.
Let it turn and find your entry.
  • #286
  • Nov 24, 2022 11:16am Nov 24, 2022 11:16am
Quoting Tdate
{quote} anyway to get the template atleast on private? i cannot make the chart look like yours

Assemble what you have and I'll give some specific details afterward.
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Let it turn and find your entry.
  • #287
  • Nov 24, 2022 12:04pm Nov 24, 2022 12:04pm
Quoting Intrepidpips
{quote} Those represent the projected range for the present day based on the previous day's or average of 5 day's range. They are used as targets for going long or short and most times they serve as pivot points.
Interesting....is it part of the indicator package you uploaded?
  • #288
  • Nov 25, 2022 2:24am Nov 25, 2022 2:24am
I see that I hold on too long when I'm losing but exit too early when winning.
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Let it turn and find your entry.
  • #289
  • Nov 25, 2022 2:30am Nov 25, 2022 2:30am
Most times you bleed when you try to catch a falling knife
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Let it turn and find your entry.
  • #290
  • Nov 25, 2022 8:01am Nov 25, 2022 8:01am
Quoting Intrepidpips
Most times you bleed when you try to catch a falling knife {image}
The charts show it's just a matter of following the color code.
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Let it turn and find your entry.
  • #291
  • Dec 5, 2022 7:13am Dec 5, 2022 7:13am
First trade of the month.

I was trying to scalp before news release but was caught in positive slippage.

Just need to be available all the time.
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Let it turn and find your entry.
  • #292
  • Dec 6, 2022 12:29pm Dec 6, 2022 12:29pm
Missed the FO & LO and what a day it was
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Eventually jumped in with my Forex chief account to stop me from "FOMOing" my Pepperstone account.
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Getting good at scalping with Renko
Let it turn and find your entry.
  • #293
  • Jan 6, 2023 2:00am Jan 6, 2023 2:00am
My first trade of the year.
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Let it turn and find your entry.
  • #294
  • Jan 6, 2023 2:04am Jan 6, 2023 2:04am
My biggest lessons:

The chances not taken hurt the account most.
Unwillingness to lose keeps one inconsistent.

In back testing, I have overcome the inertia and paralysis that keeps me from taking trades by trading wit a strict 6 pips SL.

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Tell me why I'm not sticking with the plan?

Let it turn and find your entry.
  • #295
  • Last Post: Jan 6, 2023 4:17am Jan 6, 2023 4:17am
Quoting Intrepidpips
My biggest lessons: The chances not taken hurt the account most. Unwillingness to lose keeps one inconsistent. In back testing, I have overcome the inertia and paralysis that keeps me from taking trades by trading wit a strict 6 pips SL. {image} Tell me why I'm not sticking with the plan?
After seeing so much left on the table, I decided to practice what I back-tested that is risk 6pips so I went for a fake out and my 6pips SL was hit and I went in and recovered it and more.
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Let it turn and find your entry.
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