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Renko Trading For Gamers (RTFG)

  • #641
  • Edited 10:55am Feb 21, 2010 10:09am | Edited 10:55am
http://www.moneyandmarkets.com/on-th...alypse-3-37892

Something to read & watch before markets open back up.

The webinar infomercial is pretty obvious, but think it still has something of value.
  • #642
  • Feb 21, 2010 5:08pm Feb 21, 2010 5:08pm
Quoting 45Fxguy
Tim,
TG Velocity is from the binned c4 thread.
I'll post it here for you, I haven't found the Traffic light indi yet so will let Petar respond to that one, but think he's still testing his new setup.
I did find Pj-overRSI @ tsd forum looks pretty good also, so far haven't noticed any repaint in simulator back test. Just thought I'd throw it out there too for further test.
The SSL Bar 3 from THV seems good for shorter term trend confirmation.

Think this maybe the first thread that may help finally find a really effective scalping method to use...

There is a swingman version of the Tudor Girl indicator which doesn't repaint. Available on Forex Factory in one of the older threads

rgds
Peter
  • #643
  • Feb 21, 2010 5:18pm Feb 21, 2010 5:18pm
Hi - I've only just joined this site and have been drawn to it via the discussion about Renko boxes which I'm a big fan of. I haven't really had that much of an opportunity to read all the ideas in detail which look interesting and I will do when I have the opportunity.

Over the months I have used Renko boxes in a simple and convenient method for my 'life style' which involves working at the same time as trying to keep one eye on the market ( mainly trading indicies (not forex) but it should work as well.

Using a 10 point Renko box.
I simply divide any move by 50% - for example, if we have a green box (at the top) followed by three red boxes (down) (40 Points) - I simply set a Stop to go Long (in the opposite direction of the current trend) at 50% of this move. As each box moves down - I move the stop down 5 points.
Once the trade is entered - Stops are always put in at 15 points.
Just run with the trend - with the option to take profits as one might feel fit (e.g if you're sitting on a 13- 15 box move - it makes sense to put a tight stop or at S & R).

This might seem a very simple plan - it is ! I wanted something quick and clear with precise figures for entries and exits.

I hope I have explained this so that it can be understood - but if there is anything you might like confirmed, just let me know . Probably the simplest way to understand it - is just print a Renko 10 point chart out and divide each move by 50%. A move can be anything from as little as 2 boxes ( a red and green). The only drawbacks is that every now and again - you do get whipped. A couple of weeks ago, I had 3 whipped trades in a row (minus 45 points) but the direction finally materialised and the 4th trade bought a 40 point trade helping recover some of the losses made by the whipping of the price.

Have a good week all..
  • #644
  • Feb 21, 2010 5:32pm Feb 21, 2010 5:32pm
Quoting peterke
There is a swingman version of the Tudor Girl indicator which doesn't repaint. Available on Forex Factory in one of the older threads

rgds
Peter
I posted one of his, is there a newer version that doesn't repaint?
  • #645
  • Feb 21, 2010 6:26pm Feb 21, 2010 6:26pm
Remember what the p&f indi said last week?
Attached Image (click to enlarge)
Click to Enlarge Name: remember p&f.gif Size: 51 KB
  • #646
  • Feb 21, 2010 7:03pm Feb 21, 2010 7:03pm
Quoting Hughxxxxxx
Hi - I've only just joined this site and have been drawn to it via the discussion about Renko boxes which I'm a big fan of. I haven't really had that much of an opportunity to read all the ideas in detail which look interesting and I will do when I have the opportunity.

Over the months I have used Renko boxes in a simple and convenient method for my 'life style' which involves working at the same time as trying to keep one eye on the market ( mainly trading indicies (not forex) but it should work as well.

Using a 10 point Renko box.
I simply divide...
Sounds interesting, can you post a chart & explain your entries again there on the chart?
  • #647
  • Feb 21, 2010 7:12pm Feb 21, 2010 7:12pm
hi 45Fxguy, what ur opinion about Eurjpy for this week?

  • #648
  • Feb 21, 2010 9:10pm Feb 21, 2010 9:10pm
i really system renko.. I'ad step by step to run M2 chart and successful . I had problem when that offline chart don't run
  • #649
  • Feb 22, 2010 1:28am Feb 22, 2010 1:28am
Hi Guys,
I took a trade on fxdd as attached. It looked like a good entry here with price breaking out of the pandora box top and confirmed by macd & delta. However, price reversed quickly and stopped me out for -30 pips.
Can you advice me if I've done anything wrong here or should have been more aware of? I can't seem to figure out what went wrong here....
Thanks for all your help and guidance.

Regards,
P07
Attached Image (click to enlarge)
Click to Enlarge Name: GU_entry.JPG Size: 101 KB
  • #650
  • Feb 22, 2010 3:12am Feb 22, 2010 3:12am
Hallo evry body FF lover will you tell me where will i get the officiale renko ? Bcoz this renko does not run properly
  • #651
  • Edited 6:43am Feb 22, 2010 6:10am | Edited 6:43am
Quoting black7
hi 45Fxguy, what ur opinion about Eurjpy for this week?

I think better to follow the price action day by day, and trade what we see as opposed to speculating the longer term future.
But it is fun to try to make a weekly forecast now and then, so here goes if today and tomorrow's day candle closes down we may expect to see a much bigger down move by end of the week, but probably not before another day candle retrace to the upside completion by wed or Thursday.
So guess you could say my eurjpy sentiment is bearish for the most part this week. But like Petar better to just trade what I see day by day, & also as Petar often says this is forex so nothing is guaranteed, it can still go either way.
Actionforex.com has an e-wave buy signal at 123.60, however I base my ey fx forecast more on a bearish gartley & ha on daily chart.
We will see which prediction was correct, or both, before end of this week...
However I forget to check yen correlation sometimes before making making any trades, I'm going to try improving on that this week.
  • #652
  • Edited 6:48am Feb 22, 2010 6:22am | Edited 6:48am
Quoting bivn
i really system renko.. I'ad step by step to run M2 chart and successful . I had problem when that offline chart don't run
Try shutting down mt4 & deleting your offline m2 chart using ms windows explorer in the history folder, & try starting over, follow all directions in the 1st post of Renko Block Charts thread. That's probably also the best thread to post in if your still having issues with the renko chart making ea's etc...
There is also a lot of discussion there on resolving such issues.
  • #653
  • Feb 22, 2010 6:55am Feb 22, 2010 6:55am
Quoting Pipster007
Hi Guys,
I took a trade on fxdd as attached. It looked like a good entry here with price breaking out of the pandora box top and confirmed by macd & delta. However, price reversed quickly and stopped me out for -30 pips.
Can you advice me if I've done anything wrong here or should have been more aware of? I can't seem to figure out what went wrong here....
Thanks for all your help and guidance.

Regards,
P07
Look i think that is wrong box.YOu must wait candle to close on oposite direction but below baby bolinger with mass to draw your low.Your black candle didnt close with mass just pin below bolinger.GBPUSD still dont have a low...

I think i helped you,also you must know,bad trades is integral part of Forex


Cheers
"Buy on fear, sell on greed !!!
  • #654
  • Feb 22, 2010 8:15am Feb 22, 2010 8:15am
Hey there,

Thus anyone uses the BreakOutBoxesV2.06 system to trade with Renko ?
Do you use the default settings or do one has to modify for Renko ?
What experiences did you had ?

I plotted this indicator with default settings and layout on my chart,
and looks promissing like this, but...


Please leave your comments for further discussion.

Thanks,

Gilbert.
  • #655
  • Feb 22, 2010 9:27am Feb 22, 2010 9:27am
Quoting Petar_Serbia
Look i think that is wrong box.YOu must wait candle to close on oposite direction but below baby bolinger with mass to draw your low.Your black candle didnt close with mass just pin below bolinger.GBPUSD still dont have a low...

I think i helped you,also you must know,bad trades is integral part of Forex


Cheers
Hi Petar,
Thanks for the advice. Just want to confirm though my understanding of valid candles to draw box.
Is the attached pic what you mean to draw a valid box as there is high and low below BB with mass?

Once again, thanks for your great system.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: GU_check box.JPG Size: 101 KB
  • #656
  • Feb 22, 2010 9:42am Feb 22, 2010 9:42am
Quoting Pipster007
Hi Petar,
Thanks for the advice. Just want to confirm though my understanding of valid candles to draw box.
Is the attached pic what you mean to draw a valid box as there is high and low below BB with mass?

Once again, thanks for your great system.

Regards
Yep my friend,that is good


Cheers
"Buy on fear, sell on greed !!!
  • #657
  • Feb 22, 2010 10:02am Feb 22, 2010 10:02am
Quoting Petar_Serbia
Yep my friend,that is good


Cheers
Thanks bro...have a good one
  • #658
  • Feb 22, 2010 10:26am Feb 22, 2010 10:26am
Quoting desander
Hey there,

Thus anyone uses the BreakOutBoxesV2.06 system to trade with Renko ?
Do you use the default settings or do one has to modify for Renko ?
What experiences did you had ?

I plotted this indicator with default settings and layout on my chart,
and looks promissing like this, but...


Please leave your comments for further discussion.

Thanks,

Gilbert.
Think I tired it out the week Petar was on vacation, it seemed pretty good to me, I haven't used it lately, it didn't seem to catch much interest in this thread for some reason.
If you start using it on renko please post all your trades & charts here.
  • #659
  • Edited 7:27am Feb 23, 2010 6:25am | Edited 7:27am
How's the renko scalping coming along today? I had to go back to 10 pip renko bricks, I wasn't cutting it on 2, at least for me on a Monday it was too much like trying to scalp tick charts.
I've noticed when scalping 10 pip renko you have to be careful not to give back any bricks, because once the price starts turning against me, I will usually lose all the pips I gained pretty quickly, so I'm looking at using color stoch & cci together now for early exits.
Only three indi's, & cci used twice, will probably post some screen shots later if it works out.
I think maybe a good test for it today is try to & catch 10 to 20 long pips during eurjpy's current strong down trend today.
  • #660
  • Feb 23, 2010 8:16am Feb 23, 2010 8:16am
Quoting 45Fxguy
How's the renko scalping coming along today?...
Hi,can you online awhile? i have something for you ;-)
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