Price action trading with RENKO

london open,tokyo closed down in the last 15m,im expecting london to go up as i saw extreme absorption in eurousd 1m,when sellers try to dump it,and it got absorbed by ACB,
darn it its already reverseing,im gonna short it on ma cross in 30-1h time
now buy then sell,if that happens

Renko magic!

Yes that is the ea I have attached. Maybe it didn't download properly. I can try to download again.

edit:
I don't think it is an issue with the download. Maybe something else in mt4... Only a few charts are like that.

market is collapsing on me ,nnnnnnnooooooooooooooooooooo

I probably would have had a go. There are three potential entry points in that move depending on your risk appetite. I have to go out for a couple of hours, but when I get back I will repost your pic with the potential entry points.

Trade well!

this is clearly selling pressure and someone absorbing ithard

Not even looking at the candle charts.
Trading renko is like riding with air shocks...
I want to get this right...

10 pips
bought and bought lower again,low tick volume,but im aware that asian central are accumulating eur heavily,in big chunks ,buying evrything sold

its going higher

dammit all the missed pips

i didnt short it
i was too busy watching tv,and i had uncertainty about all the demand by asians,
but asians aint that dumm,they are not gonna keep accumulating on higher prices,theyll wait for lows,we are yet to see
tokyo closed,i dont know if they are still working

shorted usdjpy

Dragan mate, sounds like you are having a roller coaster of an evening!

Shorted USDJPY also.. renko style (trying anyway)
looked like a failed triple top,
but there is also a lot of support just below ...

Have taken 5 or 6 trades so far London, mostly stopping out at just above breakeven. Not the right kind of market for catching trends, first of all there have to be some trends....

Ezakimak, you haven't posted any trades... Don't see any?

Don't mean to be a pain, but Ezamikak you seem to have some experience with this...and are willing to answer questions...
Is this a valid way to find entries, are these the same types of pennants, triangles and flags etc, traders look for on more traditional charts?

We would look for renko to signal a move down??

(Couldn't you have chosen a more difficult screen name)???

This broke the trend line...
If I am getting this, it looks like patterns and trends and trend breaks, etc are all much more easily identified in renko...

thanks mate i took another 20 pips on eurobuy again
now its 105.37

jiva im down 14 pips on usdjpy
looking at 1h at it
this sort of formation happens all the time the burj dubai
it can go up
but its gonna bottom down another 50,soon it has too
it got lifted up artificially

the us yields dropped,i think

Jiva,

Alrighty, have a look at the attached chart, let's see if we can figure this out.

There is a sweet double bottom marked with the white line at the bottom of the chart. This is a good sign that the support line is strong.

Arrow 1: Price has advanced upward strongly, and but at this point, price has pulled back enough for a red block to form. This is where we get interested and watch with interest. If another red block was to form, this might indicate that price has bounced off a new or historical resistance line and wants to go down.

Arrow 2: In this case though, price rose again, enough to form another blue block. This means that the red block has created a 'higher low' (the first low being the double bottom). This is a good indicator that the uptrend will continue. At the close of the blue block here, depending on your risk appetite, you could enter.

Arrow 3: You probably noticed though, that with the formation of that new blue block, it is level with another very recent blue block. Price could double top there and fall away southwards. So you could wait for this blue block to close where the arrow is, thus confirming that price wants to go up. You could enter here depending on your risk appetite. It is at a previous resistance level though.

Arrow 4: Price has broken through and closed above an identified previous resistance level, This could also be an entry point.

I probably would have initiated a trade at the close of the blue candle after the red block (Arrow 2). I don't follow this pair though, so am not familiar with how it ebbs and flows.

My 2c, hope it makes sense

nice eza

i reckon adding candlesticks to the overlay with renko would be good
so u dont get into big spikes

i had a look in ur blog
and i think that ur new template with sr and ma white lines (are they ma or something else?)
looks better than the ones u posted before
pretty good