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As simple as possible: RENKO M5 trading 75 replies
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DislikedHello everyone. Firstly, I'd like to thank everyone whos participated in this thread and offered help. I'm very interested in this system, so thank you Udine for sharing it. I've been trying to read the thread but it is very large. Should I begin reading from the start? From the end towards the start? From page 900? a few questions which hopefully have not been answered in the thread yet. I'm trading NY session. Would the best pairs to focus on still be GJ and EJ? And what hours should I generally be trading for? 8am-12pm eastern? After reading...Ignored
Disliked{quote} This was answered for me recently so I'll do my best to pass it on. If I'm wrong then someone please correct me! - Read the first 20 and the last 20 pages. Udine is trading pretty much the same system since the beginning, others have made their own changes. - As the rules say, try and trade the opening of the sessions. This is where the best action is for this method. Udine trades EJ GJ EU GU, as do I. Others trade more but it's too difficult for me at this stage. - S/R plays a part in all trading, but it isn't core to this system. You should...Ignored
DislikedHello everyone. Firstly, I'd like to thank everyone whos participated in this thread and offered help. I'm very interested in this system, so thank you Udine for sharing it. I've been trying to read the thread but it is very large. Should I begin reading from the start? From the end towards the start? From page 900? a few questions which hopefully have not been answered in the thread yet. I'm trading NY session. Would the best pairs to focus on still be GJ and EJ? And what hours should I generally be trading for? 8am-12pm eastern? After reading...Ignored
Disliked{quote} Not a bad summary scottik187........... @jmag4..... Several of us traders have been trading this method since "almost" the beginning of the thread and therefore have read every post (pretty much). For someone new it might sound a little unfair to start reading from the start and continue through 20,000+ posts but that would always be my recommendation to anyone keen enough to master the system (you really don't want to be missing anything mentioned, although as per usual there will be a small % of information that is less useful) I would...Ignored
DislikedHello Udine and everyone here. I congratulate you on a well thought out system. Your technical conditions and your money management are sound. I am almost finished reading the entire 1007 pages of the threadand will be incorporating your system into the way I scalp with some additional indicators that I use. I feel you may be able to increase the winning percentage of the system by incorporating an additional simple filter at entry. A simple 50 Day MA average to keep you from trading in the wrong direction on very strong trends. See picture...
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Disliked#2 NU (1st harami not taken as it was around LO) In both trades a nice AB=CD. {image}Ignored
DislikedHello Udine and everyone here. I congratulate you on a well thought out system. Your technical conditions and your money management are sound. I am almost finished reading the entire 1007 pages of the threadand will be incorporating your system into the way I scalp with some additional indicators that I use. I feel you may be able to increase the winning percentage of the system by incorporating an additional simple filter at entry. A simple 50 Day MA average to keep you from trading in the wrong direction on very strong trends. See picture...
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Disliked{quote} Hi Alorente, may you can explain how you work with your indicator? I think its a good "big" filter but do you think with Udines 4 pairs (EJ;GJ;EU;GU) you can make 2 low-risk trades per day? You wrote no sold for GU between july 2013 to july 2014 so there are only 3 pairs in this year, is this right? Excuse for my english and thank you! Greetz MichaelIgnored
Disliked{quote} Michael, no sold for GU between july 2013 to july 2014 => means that you only trade long during that time.. you only trade the long signals UdineIgnored