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Renko Trading For Gamers (RTFG)

  • #1,281
  • Oct 22, 2010 5:27am Oct 22, 2010 5:27am
Quoting shr5
Would the attached be a valid setup to sell or not?

Looking forward to your reply Petar

Regards

Ali Raza
Forgot to add the channel as per your rules...so we wait for the candle to close in the red/black below the lower channel line to make an entry?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd sell.gif Size: 19 KB
Raza
  • #1,282
  • Oct 22, 2010 6:15am Oct 22, 2010 6:15am
Quoting shr5
Forgot to add the channel as per your rules...so we wait for the candle to close in the red/black below the lower channel line to make an entry?
Yea that is valid setup COol you test Cable just keep that...


Everone who trade Renko feel free to post trades...



Cheers

Petar
"Buy on fear, sell on greed !!!
  • #1,283
  • Oct 22, 2010 7:37am Oct 22, 2010 7:37am
Quoting shr5
Forgot to add the channel as per your rules...so we wait for the candle to close in the red/black below the lower channel line to make an entry?
Look valid setup is when you see renko candle closed below your low from box...If you see that,that is valid setup....


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #1,284
  • Oct 22, 2010 7:39am Oct 22, 2010 7:39am
Quoting Petar_Serbia
Look valid setup is when you see renko candle closed below your low from box...If you see that,that is valid setup....


Cheers

Petar
thanks well it broke the upper line ...so i didn't go for it...waiting for another failure since the channel looks to be downward sloping...lets see...thanks again

Regards

Ali
Raza
  • #1,285
  • Oct 22, 2010 8:11am Oct 22, 2010 8:11am
Quoting shr5
thanks well it broke the upper line ...so i didn't go for it...waiting for another failure since the channel looks to be downward sloping...lets see...thanks again

Regards

Ali
This is some setups on cable...Dont forget very important thing trade just from Lon open to London close..


Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 65 KB
"Buy on fear, sell on greed !!!
  • #1,286
  • Oct 23, 2010 1:28am Oct 23, 2010 1:28am
Hi Petar

I tried to mail you as private message but I'm a junior member so I can not do that.
It is a long time that I follow the RTFG thread and I'm excited to test your new rules.

How to get your last template and indicators ? Could you post it or mail me via Private Message ?

Regards and thank you in advance.


Philippe
  • #1,287
  • Oct 23, 2010 7:34am Oct 23, 2010 7:34am
Quoting guegaber
Hi Petar

I tried to mail you as private message but I'm a junior member so I can not do that.
It is a long time that I follow the RTFG thread and I'm excited to test your new rules.

How to get your last template and indicators ? Could you post it or mail me via Private Message ?

Regards and thank you in advance.


Philippe
Hello there,

As i said every system can be profitable just you must create rules according your personality.For me Forex is Financial game where you can survive just if you have pure DISCIPLINE and of course knowledge about MM.I posted indicator on first page you can found and setup is the same as Pandoras Box V1,that mena brick size 10 and for renko chart we use Renko Live chart that you can find on first post,template isnt important becouse you have just one Indicator.

Welcome to the thread and i hope you will take good pips in future...


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #1,288
  • Oct 23, 2010 7:55am Oct 23, 2010 7:55am
Quoting Petar_Serbia

Next we wait candle to close in chanel for buy setup we wait black candle to close in chanel than we wait blue half body candle.When we see that we put our lines like box.
Hello Petar,

what do you mean by half body candle I don't understand?
  • #1,289
  • Oct 23, 2010 10:52am Oct 23, 2010 10:52am
tks a lot Petar...

hope to find the graal and share it with the community


regards
  • #1,290
  • Edited 11:22am Oct 23, 2010 11:01am | Edited 11:22am
Quoting Heavenforex
Hello Petar,

what do you mean by half body candle I don't understand?
Think it means it's about 1/2 the length of a fully body HA on 10 pip renko with the wicks on, & of course opposite meaning it's a different color candle from the last & already fully formed and closed.

So to recap:

1st there is a small retrace full body candle which moved at least partially back into the channel our primer signal, the retrace candle is & the same one that a new Pandora's top/bottom (depending on trend direction) of the box is formed around.

2nd were looking for the opposite 1/2 body candle indicates that the trend channel is likely resuming & also making the top/bottom of the new box.

3rd the trigger the next candle is forming and likely breaking out of the new Pandora's box so the trend is continuing in it's original direction, hopefully helping us make pips.

I think the 1/2 body candles will be very hard to spot without the HA candles on top of the 10 pip renko bricks, so it's really a two indicator setup.
Unless your patient enough to measure each candle with the cross-hair.

Right Petar?
  • #1,291
  • Oct 23, 2010 11:34am Oct 23, 2010 11:34am
Quoting 45Fxguy
Think it means it's about 1/2 the length of a fully body HA on 10 pip renko with the wicks on, & of course opposite meaning it's a different color candle from the last & already fully formed and closed.

So to recap:

1st there is a small retrace full body candle which moved at least partially back into the channel our primer signal, the retrace candle is & the same one that a new Pandora's...

Hi 45fxguy,

I was thinking the same way but not sure if the presence of the wick is "a must" criteria in order to form the pandora box.

also, after signal candle, do we wait for next bar to close to enter or enter immediately as price break the pandora box?
hope petar can clarify
  • #1,292
  • Edited 3:18pm Oct 23, 2010 11:41am | Edited 3:18pm
Quoting Heavenforex
Hi 45fxguy,

I was thinking the same way but not sure if the presence of the wick is "a must" criteria in order to form the pandora box.

also, after signal candle, do we wait for next bar to close to enter or enter immediately as price break the pandora box?
hope petar can clarify
If it's possible to have a 1/2 body candle without the wicks on then I probably don't fully understand the setup yet either, & we''ll just have to wait for Petar to answer then.

Not to distract from Petar's original setup but THV Trix divergence looks pretty good in the chart history.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv trix and trix divergent looks good on 10 pip renko.gif Size: 30 KB
Click to Enlarge Name: new pandoras box missioin in vampire wars on facebook.jpg Size: 33 KB
  • #1,293
  • Oct 23, 2010 11:43am Oct 23, 2010 11:43am
mybe a stupid question but how is determined the arrow on the charts of Petar ?
  • #1,294
  • Oct 24, 2010 5:41am Oct 24, 2010 5:41am
Quoting Heavenforex
Hi 45fxguy,

I was thinking the same way but not sure if the presence of the wick is "a must" criteria in order to form the pandora box.

also, after signal candle, do we wait for next bar to close to enter or enter immediately as price break the pandora box?
hope petar can clarify
Half body is nothing more than half body candle look,usually in 90 % you will see half body like second candle in our creaton of box but sometimes if you dont see dont trade if you see to fully candle...


Picture >
Attached Image (click to enlarge)
Click to Enlarge Name: halfbody.JPG Size: 62 KB
"Buy on fear, sell on greed !!!
  • #1,295
  • Oct 24, 2010 5:50am Oct 24, 2010 5:50am
Quoting 45Fxguy
If it's possible to have a 1/2 body candle without the wicks on then I probably don't fully understand the setup yet either, & we''ll just have to wait for Petar to answer then.

Not to distract from Petar's original setup but THV Trix divergence looks pretty good in the chart history.
GOod picture and good creation
"Buy on fear, sell on greed !!!
  • #1,296
  • Oct 24, 2010 8:32am Oct 24, 2010 8:32am
This is why we trade this >

Becouse sometimes we can catch more than 100 pips with 20 pips risk,,

In this picture i will show you that is also very posible


Cheers

Petar
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #1,297
  • Oct 24, 2010 7:23pm Oct 24, 2010 7:23pm
Quoting Petar_Serbia
GOod picture and good creation
Thanks Petar, thought you'd like it.
Someone asked about the the arrows, which I guess he was referring to the the THV Trix divergence variation screen shot I posted.
I have a simple idea that may help filter out a lot of the weaker divergence trix setups, but I probably will not post it until I/we have a better handle on your original new Pandora's box setup.
Anyone that wants to test THV3 or 4 indis on renko or renko range bar charts can search for the indis in the THV threads anyway.
  • #1,298
  • Oct 25, 2010 9:50am Oct 25, 2010 9:50am
THis was two setups from today :



Cheers

Petar
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: todayclose2.gif Size: 16 KB
"Buy on fear, sell on greed !!!
  • #1,299
  • Oct 25, 2010 2:07pm Oct 25, 2010 2:07pm
with these trade you posted, i think i now get it.
  • #1,300
  • Oct 27, 2010 2:21am Oct 27, 2010 2:21am
nice set up Petar. In my opinion, the best and simplest you have presented for Renko so far - congrats! As someone already mentioned, no filtering required.

Just out of interest, is anybody using Range Bars?

Happy trading to all.

Nick





Quoting Petar_Serbia
THis was two setups from today :



Cheers

Petar
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