RENKO Trading SYSTEM - RENKO Indicators 7 replies
Renko strategy for price action 19 replies
Renko strategy testr problems 1 reply
Can you go over how you use the ADX in your setups? What are the best settings?
DislikedGreat day for you , Goldflight!! Monday was not such a good day == did you trade Monday and how did you do?Ignored
DislikedBeen researching MA's and think i have found what is needed to help filter some trades. 200 SMA, 55 SMA, and 21 EMA are the most popular. Put them on your charts and you will see how price reacts to them. ( Mine i made into channels. Just my preferance)
200 SMA White
55 SMA Lime
21 EMA Dodger BlueIgnored
DislikedSorry i havent posted this week. Been sick again and havent traded all week.
OK, the MA'S im useing are 21 EMA, and 55 Simple MA. Im useing them as filters.
21 above 55, LONG only.
21 below 55 SHORT only.
Watch for price to pull back to 21 or thru 21 to 55 then trade on the bounce.Ignored
DislikedI think the system is getting better and better. I will post some charts over the weekend on the trades I took. Since I like trading with 5-pip bricks, I have been trying to win 3 or 4 bricks with a stop loss of 3-bricks per trade. I trade only in the direction of the trend. The results are very good so far.Ignored
DislikedIt would be also nice to update the first post as we get better and better.Ignored