Hi Guys
I think this is worth looking at. Would have had 70 pips on Cable & 90 on EU, if entered yesterday evening UK time.
Cable pulling back a bit now and EU bouncing around R2 (7am London).
The more I'm looking at renko the more I'm thinking it could prove very useful for finding good exit points.
I'm using a 5 pip brick, my rules when using renko have always been to stay in the trade until you see a 2 brick reversal, this would have kept us in cable from 6317 to 6390, very nice.
The more I'm looking at renko the more I'm thinking it could prove very useful for finding good exit points.
I'm using a 5 pip brick, my rules when using renko have always been to stay in the trade until you see a 2 brick reversal, this would have kept us in cable from 6317 to 6390, very nice.
Hi Kimoh
It's an indicator, you have to attach it to a M1 chart then open offline, very simple really.
What I like about it is the way it filters out noise, but as previously mentioned you can wait around all day and get nothing.
Can make you a lot of pips in a trending market.
I like the idea of using it with a 123 seems to produce some great results and keeps you in the trade, combine with the mas to filter out fakeouts and looks good.
Hi Kimoh
It's an indicator, you have to attach it to a M1 chart then open offline, very simple really.
What I like about it is the way it filters out noise, but as previously mentioned you can wait around all day and get nothing.
Can make you a lot of pips in a trending market.
I like the idea of using it with a 123 seems to produce some great results and keeps you in the trade, combine with the mas to filter out fakeouts and looks good.
Ignored
Thanks forex1962...
Could you please post it here then we can try it out
Hi Kimoh
It's an indicator, you have to attach it to a M1 chart then open offline, very simple really.
What I like about it is the way it filters out noise, but as previously mentioned you can wait around all day and get nothing.
Can make you a lot of pips in a trending market.
I like the idea of using it with a 123 seems to produce some great results and keeps you in the trade, combine with the mas to filter out fakeouts and looks good.
Ignored
The pattern looks interesting but did not get you... open offline what does that mean?
The pattern looks interesting but did not get you... open offline what does that mean?
Ignored
Ok, open a M1 chart, drag the indi onto your chart you should get a message in the top left corner telling you to open an offline chart (usually M2).
Open the chart offline (file/open offline) but keep the other chart open as this feeds the 'offline' chart.
You can change the brick size through the indi, I use a 5 pip brick (if your broker uses 5 place prices eg 1.61234 you need to make your brick size 50).
It sounds complicated but it really isn't, if you've got problems pm me and I'll help you out.
If you have a look at the attached chart you can see we could be back in cable just above R2.
I have to go now but will be back in a couple of hours
5-min PASS (Price Action Scalper System)
.
, i'm sure we shall other oppourtunites for re-entry today after retrace
Any one disagree ??