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Renko Trading Discussion

  • #2,181
  • Dec 3, 2024 7:46am Dec 3, 2024 7:46am
Quoting pgtips
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. {image}
Hi PG, I agree, I'm not sure what is going to happen around the 20,000 level, if it tests this level again I might risk 10 pips:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,182
  • Dec 3, 2024 7:57am Dec 3, 2024 7:57am
Not quite what I was expecting, maybe 3rd time, 15 pip bricks:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #2,183
  • Dec 3, 2024 11:12am Dec 3, 2024 11:12am
I didn't engage the market properly after the News. FOMO got me into a sell before it crystallized making me endure drawdown that I just scraped to escape with 1 pip then was too jellyfishy to take the subsequent long that did so well.

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I will fight better tomorrow.
Let it turn and find your entry.
  • #2,184
  • Dec 3, 2024 12:13pm Dec 3, 2024 12:13pm
As they are, it is interesting how in one week I went from 10 dollars to 172 dollars.
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I had to withdraw the profits because in Mexico it is a week's salary haha and I am a little broke, I hope to be able to continue uploading my forex analysis with renko candles and the currency strength indicator.
The rest of December I will be working on my trading plan since I do not have a fully defined one, when I do I will translate it into English and publish it here. Greetings to all
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  • #2,185
  • Dec 3, 2024 2:35pm Dec 3, 2024 2:35pm
Quoting Intrepidpips
I didn't engage the market properly after the News. FOMO got me into a sell before it crystallized making me endure drawdown that I just scraped to escape with 1 pip then was too jellyfishy to take the subsequent long that did so well. {image} I will fight better tomorrow.
Hi Intrepidpips, we're all jellyfishy sometimes! Tomorrow we will be sharks. I walked away with 4 pips on the DAX - apparently it wanted to stick close to the 20,000 level and completely ignored my plans for it. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #2,186
  • Dec 3, 2024 2:38pm Dec 3, 2024 2:38pm
Quoting JaimeAlejan
As they are, it is interesting how in one week I went from 10 dollars to 172 dollars. {image} I had to withdraw the profits because in Mexico it is a week's salary haha and I am a little broke, I hope to be able to continue uploading my forex analysis with renko candles and the currency strength indicator. The rest of December I will be working on my trading plan since I do not have a fully defined one, when I do I will translate it into English and publish it here. Greetings to all {image}
Nice one JaimeA!You deal with quite small numbers but manage to turn them around - respect. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #2,187
  • Dec 3, 2024 4:44pm Dec 3, 2024 4:44pm
Quoting Davidh061
{quote} Nice one JaimeA!You deal with quite small numbers but manage to turn them around - respect. Cheers, Dave
Thanks, for the moment I will do it that way since I burned my funding account a month ago and at the moment I will not buy another one until mid-January, so I only have a few pips left to fish until I fund again with some company.
  • #2,188
  • Dec 3, 2024 9:53pm Dec 3, 2024 9:53pm
2.51 pm
Quiet day for me yesterday but happy with my few Pennies.


Slow time of the day in the Asian session so just watching.......Been working in my Gardens.
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Ronnie Renko
  • #2,189
  • Dec 4, 2024 5:52am Dec 4, 2024 5:52am
Quoting JaimeAlejan
As they are, it is interesting how in one week I went from 10 dollars to 172 dollars. {image} I had to withdraw the profits because in Mexico it is a week's salary haha and I am a little broke, I hope to be able to continue uploading my forex analysis with renko candles and the currency strength indicator. The rest of December I will be working on my trading plan since I do not have a fully defined one, when I do I will translate it into English and publish it here. Greetings to all {image}

Massive way to go mate, the possibilities are endless if we just plan our trades and trade our plans.

Your trading plan I'm sure will be of benefit to the community.

Cheers!
Let it turn and find your entry.
  • #2,190
  • Dec 4, 2024 5:56am Dec 4, 2024 5:56am
I missed the FO and LO moves and it was FOMO that got me into my first trade because that level had been tested 3 time before.

It was -30 +35 and we wait till after US news.
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Let it turn and find your entry.
  • #2,191
  • Dec 4, 2024 8:06am Dec 4, 2024 8:06am
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Ronnie Renko
  • #2,192
  • Dec 4, 2024 8:11am Dec 4, 2024 8:11am
Another view....Trades at the top of screen are Pending orders.
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Ronnie Renko
  • #2,193
  • Dec 4, 2024 9:55am Dec 4, 2024 9:55am
Okay done for the day so much left on the table
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Let it turn and find your entry.
  • #2,194
  • Dec 4, 2024 10:52pm Dec 4, 2024 10:52pm
buy on EURUSD, the price respects the support and I have a EUR cross above USD on H4.
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  • #2,195
  • Dec 4, 2024 11:08pm Dec 4, 2024 11:08pm
Buy NZDCAD with low risk, currency strength indicator shows strength in NZD and weakness in CAD, on the Daily Chart I see a possible rise in NZD.
Break of the weekly pivot. (Aqua lines)
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  • #2,196
  • Dec 4, 2024 11:16pm Dec 4, 2024 11:16pm
Quoting Intrepidpips
{quote} Massive way to go mate, the possibilities are endless if we just plan our trades and trade our plans. Your trading plan I'm sure will be of benefit to the community. Cheers!
Thank you very much, here I will be contributing my grain of sand to the RenkoTraders community. Greetings from Mexico
  • #2,197
  • Dec 5, 2024 5:59am Dec 5, 2024 5:59am
Demo trade of my new system, hope it makes a few, DAX is unbelievably high but the setup was correct.
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  • #2,198
  • Dec 5, 2024 6:33am Dec 5, 2024 6:33am
Quoting pgtips
Demo trade of my new system, hope it makes a few, DAX is unbelievably high but the setup was correct. {image}
Hi PG, DAX is very high, is this an all-time high? It's been frozen around the 20300 zone for most of the day. I have no idea what is on at the moment so I am staying out of it. What size bricks are you using?
Everything should be made as simple as possible, but no simpler - Einstein
  • #2,199
  • Dec 5, 2024 7:26am Dec 5, 2024 7:26am
Good choice to stay out, mines not making much progress.

brick size 1000 so 10 is how I would say it, my broker is IC Markets. (the link is added automatically by the forum)
  • #2,200
  • Dec 5, 2024 7:36am Dec 5, 2024 7:36am
Quoting pgtips
Good choice to stay out, mines not making much progress. brick size 1000 so 10 is how I would say it, my broker is IC Markets. (the link is added automatically by the forum)
I hate it when there is so little energy in the market and either walk away, or do something I come to regret! maybe the US open will wake things up. At the moment it seems to be welded into a narrow channel around 20300 but who knows...
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Everything should be made as simple as possible, but no simpler - Einstein
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