Ezakimak's Trading Blog

Price pulled back and hit my stop but with profit locked, I scored some pips to start the week.

Carrying on with my goal of having a nice clean screen: On the previous couple of charts I have posted a simple method I call Red vs Blue. The red and blue bars that the renko crossed were Smoothed Heiken Ashi set at 2,25,3,2. These give a nice indicator of the trend.

The method is simple, if the blocks are above the SHA, the SHA are blue and a blue renko block appears, go long. Under the SHA, the SHA are red and a red block appears, go short.

Works pretty well, gives you a good feel for the trend and you only trade in the direction of the trend at hand.

Here is another similar simple, clean set up:

Renko blocks are 100 (5 digit broker) and the only other indicator is a 200 period Exponential Average applied to close. When the blocks are above the 200EMA go long on a blue block. If the blocks are below the 200EMA, go short on a red block.

Let me know what you think. To me, it is simple, clean and clear. You are trading in the direction of the dominant trend, thus the raising probability of a win. Using 100 pip blocks keeps losers small.

Something to tinker with.....

GBPUSD trade from before closed with a couple of pips of profit. I moved my stop loss to lock in some profit and then price came back and hit it. All good.

Here is one I just kicked off on GBPUSD.....

Good Job, I am looking too your trades.

Hello Naseri,

Thanks for stopping by! I hope you can get something out of the charts and ideas I have posted. I would be keen to know what you think or if you had success / failure with them.

My ultimate goal is to have a nice clean screen. All in good time....

Keep in touch!

Ezakimak

Hello everyone,

Just started another thread in addition to this one. This one will continue to focus on trading renko with as clean a screen as possible. The other one is as clean as it gets: Trading only price action with renko.

Check it out! http://www.forexfactory.com/showthre...=1#post4371258

Ezakimak

It's Monday already! Where did the weekend go? It seemed to blaze past so fast. I have the day off work today, thought I would make it a bit of a long weekend. Off to the city soon for some shopping then back later on to check in on the charts to see what is going on.

Have a good day everyone!

Ezakimak

Three Line Break + Renko.

Hmmmmm.

Red vs Blue trade just started on EURUSD. Let's see how we go....

D'oh. Stopped out. I would normally have moved my stop loss to lock in a little bit of profit once that blue block formed after my entry, but I was posting on another thread and missed it. Such is life.

Red vs Blue signal on the USDCHF. Let's see what happens....

Just got back from being out for a couple of hours. I had set a trailing stop, but it didn't activate for some reason. I now have profit locked, and a target set. Whatever happens, we are walking away with pips tonight!

Off to bed. Will check results in the morning!

Excellent!

Just checked the chart this morning to find that not only did price hit my target, but it went up and up after hitting it.

Pips in the bank!

Red vs Blue signal on AUDUSD. Off we go......

Still falling. I have to go away from the screen for a while so have locked in profit and set a trailing stop. Will see how things are later...

Price pulled back and hit my stop loss, but I had some profit locked, so all good. Looks like price is just going to channel across to finish the week.

Just kicked off a Red vs Blue trade on GBPUSD. It has dropped so fast, I have to lock some profit in right now!

Locked in more profit and set target at the recent support level....

Wow, that was a quick trade! Target hit and price and pushed on further.