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Renko Trading Discussion

  • #2,161
  • Nov 29, 2024 12:12am Nov 29, 2024 12:12am
Long NZDUSD expecting 1:2. 10 pip Renko box.
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Currency strength indicator shows weakness in USD and a bit of strength in NZD
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  • #2,162
  • Nov 29, 2024 1:28am Nov 29, 2024 1:28am
Quoting pgtips
2 x buy orders today. On demo so probably would not have taken second on live account. Closed half at +9, SL to BE and trailing so its a free trade now. A new strategy I am testing so caution would have been becuase its at the 19400 level. In fairness anyone could have opened a buy today and got a result. {image}
Nice one PG, no trading for me yesterday or today, hopefully back next week.
Everything should be made as simple as possible, but no simpler - Einstein
  • #2,163
  • Nov 29, 2024 2:51am Nov 29, 2024 2:51am
Thanks for sharing the detailed information! It’s great to see the resources and strategies for Renko trading. I’ll check out the backtesting links and EA setups. Looking forward to any new updates you share!
  • #2,164
  • Nov 29, 2024 11:34am Nov 29, 2024 11:34am
Quoting Davidh061
{quote} Nice one PG, no trading for me yesterday or today, hopefully back next week.
I'll be here, its going to wind down before Xmas but hopefully a couple of weeks left.

I'm going to get better at cut and pasting charts but today was another positive. Have a good weekend all. :-)
  • #2,165
  • Dec 2, 2024 12:15am Dec 2, 2024 12:15am
selling CADJPY after touching a support.
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selling GBPCAD after seeing a price accumulation waiting for it to reach a resistance and then buying
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  • #2,166
  • Dec 2, 2024 5:34am Dec 2, 2024 5:34am
I settled on 75 points brick size for Gold.
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Let it turn and find your entry.
  • #2,167
  • Dec 2, 2024 7:17am Dec 2, 2024 7:17am
Quoting Intrepidpips
I settled on 75 points brick size for Gold. {image}


I missed some entries so I decided to just make it>30 pips for the day
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Let it turn and find your entry.
  • #2,168
  • Dec 2, 2024 7:18am Dec 2, 2024 7:18am
nice to see the charts @intrepidpips and @JamieAlejan.

I hope they both work out. I missed a trade on DAX today.
  • #2,169
  • Dec 2, 2024 7:35am Dec 2, 2024 7:35am
Quoting pgtips
nice to see the charts @intrepidpips and @JamieAlejan. I hope they both work out. I missed a trade on DAX today.
Hi PG, I missed out this morning on the DAX, >300 pips since London open
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,170
  • Dec 2, 2024 10:40pm Dec 2, 2024 10:40pm
A small buy on EURJPY in a mini trend according to my strategy.
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Yesterday's trades went well. CADJPY hit just above 1000 but I manually closed the GBPCAD sell since I had no sell confirmation following my strategy, even so the analysis was fulfilled even though I was out of the market.
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I was finally able to buy GBPAUD, but I manually closed it when I saw a bit of weakness. I will wait for the price to reach some support and wait for a confirmation on H1 with the currency strength indicator.
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  • #2,171
  • Dec 2, 2024 11:15pm Dec 2, 2024 11:15pm
Gold has been kind to me over the last 2 days with many pips....Asian session slow to-day for me so lets see what happens to-night....I just go with the Flow.

Just grabbed a Quickie for 11 pips to pass the time.

R
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Ronnie Renko
  • #2,172
  • Dec 2, 2024 11:42pm Dec 2, 2024 11:42pm
O.K this is not a Renko chart but I always run a split screen with Renko and Candle charts.

I should pick up another 11 pips shortly but if not it will happen.

R
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Ronnie Renko
  • #2,173
  • Dec 2, 2024 11:51pm Dec 2, 2024 11:51pm
O.K done ....A quick 22 pips (2x11)to pay for my Red Wine.
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Ronnie Renko
  • #2,174
  • Dec 3, 2024 12:14am Dec 3, 2024 12:14am
Lets see what Frankfurt and London open bring.
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Ronnie Renko
  • #2,175
  • Dec 3, 2024 5:44am Dec 3, 2024 5:44am
I had to be away from my computer so I missed the London Open action, seems the market is waiting for NYO and the Red Letter News so I will wait till after that regardless of whatever happens after the 2 trades I snatched
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Let it turn and find your entry.
  • #2,176
  • Dec 3, 2024 5:47am Dec 3, 2024 5:47am
Quoting Ced74
Gold has been kind to me over the last 2 days with many pips....Asian session slow to-day for me so lets see what happens to-night....I just go with the Flow. Just grabbed a Quickie for 11 pips to pass the time. R {image}
Gold is the most generous of instruments, looking at your charts seems you are more discretionary than rule based.
Let it turn and find your entry.
  • #2,177
  • Dec 3, 2024 6:09am Dec 3, 2024 6:09am
Quoting pgtips
nice to see the charts @intrepidpips and @JamieAlejan. I hope they both work out. I missed a trade on DAX today.
The market will still be there when we are long gone, there will be more chances.

Yes the trades went as desired but too much was left on the table that I just decided to even up my scores and leave before I make a mess of myself, you know the psychological controls the profitability.

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It sure hurts when the market behaved well but you were MIA but he who trades and runs away lives to trade another day
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Let it turn and find your entry.
  • #2,178
  • Dec 3, 2024 6:17am Dec 3, 2024 6:17am
on DAX, this should have been my entry but I was not sure about above the 00 level as DAX is so high at moment.
Would have got 6 to 10 if I had.
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  • #2,179
  • Dec 3, 2024 6:35am Dec 3, 2024 6:35am
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Ronnie Renko
  • #2,180
  • Dec 3, 2024 6:40am Dec 3, 2024 6:40am
Quoting Intrepidpips
{quote} Gold is the most generous of instruments, looking at your charts seems you are more discretionary than rule based.
Yes indeed so I only trade Gold these days...........I do not follow charts blindly and try to use the Old Brain some times which is always a challenge.
Ronnie Renko
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