Renko Trading For Gamers (RTFG)

Shorted eurusd again and got stopped out at -34.

Hey folks,
I was away for a week, but now i'm back.
This one came out now but i was not behind the pc, did you get this

You entered a wrong trade.
You need to go over the instruction again.
Renko has a lot of potential if you trade it right.

Very good setup my friend,
I am very busy this with school and my students that is i cant post on all forums but i am glad you took good pips....

Cheers

Petar

hey forex frnds.



happy pipping

c'mon let's do this together

That was a very nice setup on Cable

hi there i'm Luis portuguese here...

by the way nice and simple way to trade petar i like it but have some questions on it:

1 - use what renko brick (10, 20 , 30)?

2 - heiken ashi is the normal heiken ashi you use?

3 - the way you determine the pandora box i dont fully understand them, this might be because i'm not used to trade heiken ashi.

well i begin to trade forex since august 2010 so i'm newbie expect some dumm questions from me sorry for that...

currently i'm using these system but i'm tryng to make a little bit simpler...


rules on this setup:

entry
nonlag ma to determine direction (buy/sell)
breakout from upper or lower yellow lines

trandersindex is there to confirm (green over red =buy // red over green= sell)

close:

RSI yellow candle.


ps - sorry if the chart is not well attached . first time. lolol


By the way any one plays League of legends?

is the the good way to determine a pandora box?


red arrow thanks.

Well, i can say welcome to RTFG .
I wish you more pips with this

hi paulson thanks

i hope to get pips with this too

What are the settings for Delta (Post 1) set up? Petar, your Delta looks a little more volatile and responsive than mine.

Thank you and others for sharing that system, been reading the thread all day.

edit:
By the way, Petar, somewhere on page 2x you said, "This I know is correction", but I did not get how to distinguish "get out" and correction. Was it delta? Cant find the post now

Yesterday on 29Dec on EURUSD I made 12 pips If I stayed on ship it would be 100, and it is still going up. I jumped in too late and jumped off to early.
EURGBP GBPUSD had a good Asian sessions, I was asleep of course

Happy New Year Petar, & all RTFG traders!

Hi,

5 brick size Miha's 5! and Petar's Pandora (5 brick size) give exactly the same buy/sell signals when using default instructions.

Screenshot of crappy quality, but you get what I say: both systems are exactly the same. Ignore the trendlines.

I also tested pandora and pobeda and with the same brick size they give the same signals!
So it's all the same system.

Petar, can you tell me that if you had only one system to choose from to trade fx, you would at least consider renko? Noone posts losses, but I am sure we all had them, because you can't go past fake outs (except Mihail, who has 100% winning trades haha).

I want to know whether renko is good or not...

It has been long time since the beginning of this thread.

Thanks 45 to you, you answer all questions faster than anyone else, you even answer them before they are posted^^, thanks for all the indicators.

Hi ReaM,
Your welcome, great idea to post charts together like that, don't think I ever thought of doing it exactly like that before, very smart!
I think Petar has been very busy posting in his own forum.
You can find a link to it under his profile, it is mostly in Serbian language, it does has an international part that is in English, but is hard to sign up for because of the language barrier. He gave me moderator status there but my password login doesn't work anymore so haven't tried it in a while. That top chart, noticed a Flag comments on it, is that an indicator that identifies chart patterns, or did you do that manually?

Hello guys,

I returned from holyday and hope i will have time to help traders on this thread ,from tomorow i will start trading...

Welcome back!


45,

Sorry, it is drawn manually, I always draw them manually. Those flags are you can say pandora boxes.

I have already checked his trading journal. It is cool.

Not a problem, just curious as that strange looking bear you use for a profile picture.
Is that a real picture of a bear or was it photo shopped to look like it has duck legs, feet, & tail?

penguin-bear, I saw that picture in 2003 or so, I thought it was freaking funny, if you google " russian linux " it will come up in picture section.

IC your point, is much funnier as a penguin-bear than a duck-bear.
Besides that it's a bear & being funny, I'm sure it has some reflection on your trading style as well, or maybe not... just kidding...

Bull-bear would be more appropriate Have not found that picture. I must say, short trades are easier. Bullish trends always come slowly while bearish they just fall off the cliff, head and shoulders are much more fail proof than inverse h&s. So me bear. And penguin.


Hey, Oanda is now offering Metatrader4, I am using Renko with Oanda now!

I never traded with MT4, I only used it as charts. How can I move stop loss in Chart? It is so annoying that I have to right click then modify order, then type not pips but the actual price. I got stopped out two times lol, because the stop loss is too tight, it takes me a minute to modify stop loss. Is there an indi or something? Then I can finally trade without that java fxTrade.

I did not sleep today I backtested (F12) GBPUSD EURUSD on Renko for 2010, worst was 65% win rate a month, best 71%, I scalped only, I almost followed rules, but GBP behaves differently, it usually retests coral after surpassing the cloud as a sign of reversal, while EU shoots straight through it, I used 1:1 RR, with that it must give 20% of return a month, but I'll see how live trading goes and let you know in a couple of month. Still need to get used to MT4, but renko seems very nice to me. Need to demo a couple of weeks until then I will be live on MT4.

Look at EurUsd right now, it is gonna shoot up or down in a moment, waiting for a break here. I entered short 1.3383.
Edit: Soneone is supporting Euro, I am stuck with 10 pips xD. London NY overlap and absolutely no action. If it is not falling now, it is gonna fall the next time, I think it will hit 1.3300 today sonner or later.

Sorry for offtopic chart, Gold being retested, If it fails over the next couple of days, it is going to be the most vertical line going down^^ Well, maybe not, the market will tell. But if you want to use Gold with Renko the Brick size would 500 for 5 brick equivalent and 1000 for 10 brick size, but may depend on broker. 500 is perfect for Gold, but only for scalping with perfect 3-4 setups each day.