Todays trades $470.00. I use to hate Friday trading, just have to adjust your trading. Nothing to big {image} {image}
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Hi JTee1
Can you explain how you use the triangles on chart?. Few pages ago you've shown pure price action rules on renko - very valuable piece of information. On the other hand your last screenshot shows that you mostly don't comply those rules. Does it have anything to do with triangles?
I left a lot of money on the table as you can see with trades on chart but I you also see no losses due to sl moved to Breakeven very quickly. I would be content with $50-100 a day. I love to trade but I'm trying to spend less time trading and more time playing. Fridays and non news times I trade differently. Triangles mark divergence only looking for a reversal of trend or a good pullback. Fridays chart was 2 pip renko barswith 75% brick shift. Price has to move 1.5 pip for new brick to form and3.5 pip for a reversal brick. Renko bars have less noise and sl moves into place very quickly if not tp first.You must find a point to pull the trigger and manage it from there, both are equally important
The Sonic pva candles and volume was the biggest influence on trading that day, you'll notice trades were around higher volume bars. Bigger is not always better.
Oh I Forgot one thing sell the highs and buy the lows
quote=Krystyn;7503788]{quote} Hi JTee1 Can you explain how you use the triangles on chart?. Few pages ago you've shown pure price action rules on renko - very valuable piece of information. On the other hand your last screenshot shows that you mostly don't comply those rules. Does it have anything to do with triangles?[/quote]
. Sitting at pool looking ahead to next week trading. Thursday daily pin bar, divergence on 4hrs MacDonald. Possible buy coming up. Waiting for retrace buy limit1.36100
I left a lot of money on the table as you can see with trades on chart but I you also see no losses due to sl moved to Breakeven very quickly. I would be content with $50-100 a day. I love to trade but I'm trying to spend less time trading and more time playing. Fridays and non news times I trade differently. Triangles mark divergence only looking for a reversal of trend or a good pullback. Fridays chart was 2 pip renko bars with 75% brick shift. Price has to move 1.5 pip for new brick to form and 3.5 pip for a reversal brick. Renko bars have less...
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Thank you for answer.
Months ago I've noticed that volume spikes on renko often heppen just before or just after change in direction. But when I've started to play this pattern I was cooked. It occured not consistent enough.
. Sitting at pool looking ahead to next week trading. Thursday daily pin bar, divergence on 4hrs MacD. Possible buy coming up. Waiting for retrace buy limit1.36100 {image} {image}
Mixed news release this morning going hold trade through Friday, still looking for upward movement on technical and fundamentals today, tomorrow and friday. Only price movement will tell the real story. Sunday looked at upcoming news for the week and surmised a bullish movement, technical showed bearish weakness. Went all in before the flop.
Took profit getting back in for buy tommorow. Expecting retrace this afternoon andbuying in london and us session tommorrow. Looking to buy back in at a lower price.
