Those who know don't talk. Those who talk don't know.
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As simple as possible: RENKO M5 trading 75 replies
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Disliked{quote} hi udine, but why not GJ? i understood that GU wasn't in sync with the other ones but why not GJ? I took GJ, EU, EJ and i got +15. Due to the fact that i take trades before 00 levels (due to my spread) i will post charts only when it is requested, because i don't want to confuse other traders and deviate them from the system rules. ThanksIgnored
Disliked{quote} Nice one Jibala ! You set your Pending Order awfully close to the daily open line (mineŽs 1.71530).Ignored
Disliked{quote} As you can see the DO is @1.7163 so my pending was not placed too close I guess. I wouldn't have placed a pending @1.7160! JibalaIgnored
DislikedGreat to see everyone doing so well! lots and lots of green pips for everyone. My first week trading live has been a bit of a roller coaster, started with 2 consecutive losses so was down just over 4% to begin (2% per trade + commission), then had a fairly good run of winners to get back up to +2% but have since gone back to break even for the week... I didn't break any rules all week which I am really happy about, was possibly a bit too selective in my trade picks, and missed one winner today due to being too slow. On wards and upwards! goal for...Ignored
DislikedGreat to see everyone doing so well! lots and lots of green pips for everyone. My first week trading live has been a bit of a roller coaster, started with 2 consecutive losses so was down just over 4% to begin (2% per trade + commission), then had a fairly good run of winners to get back up to +2% but have since gone back to break even for the week... I didn't break any rules all week which I am really happy about, was possibly a bit too selective in my trade picks, and missed one winner today due to being too slow. On wards and upwards! goal for...Ignored
DislikedUdine, maybe we should refresh base rules and add some more? I think it's good idea to add 2 more rules. First rule - filter gbpjpy / eurjpy and eurusd / gbpusd respectively by Pearson correlation on M15. Positive correlation must be more than 0.7. And the second rule - no trades if one of the correlated pairs is overbought / oversold ( RmUp / RmDn < 10). For example we look at GJ, system shows potential short trade, but EJ RmDn is less than 10, therefore we wait for the next signal. For those who just start to learn this system, it will be useful.....Ignored
Disliked{quote} Thank Udine, I thought that London open can be referred for the first two ours due to the big money injected into the market. But it seems that you are referring only for the first hour of the London open. My mistake. 10 burpees(but let's do it only 5 because in the end it was a winner
). Thanks again.
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