Trials in Renko land

2/10 short
price has come back up to the resistance area and making a wick. No divergergence though so maybe should have waited a little longer....


Out -7

3/10 short
resistance and divergence this time. should have waited for divergence on trade 2. live and learn...


-7

For manual trading is nice, but for automated the results are not so good I tried similar automated EA once.

4/10 short
still diverging and further into resistance

-7 glad i started with a win lol

5/10 short. price extreme and resistance.
wld be good to win this for the batch ratio!

-7

6/10 short
divergence resistance extreme tma


+21pips


When i look at this chart i can only see 2 obvious divergence trades. So why have i taken 6??!! This is where i need to improve. The fear of missing a potential trade messes with my judgement and needs to be sorted out. fortunately i can trade terribly and get away with it to an extent with a 3-1 ratio but if i can improve my entries and be patient then hopefully profit will follow.

That will do today. Too many bad trades. see ya tomo...

interesting work here!!
keep it up!

7/10 Long
divergence, tma extreme and price wicking at resistance.

-7


Experimental interlude...
break of line chart zig zag following tma extreme. larger SL so larger TP

Out BE

8/10 Short
divergence, tma bands, with-trend...


+21

Annoyed with myself. i looked at this and didnt take it.

9/10 Long
Ive gone long here. it looks like price is trying to change direction with the 200ma crossing the tma bands plus just had a mini double bottom...

tightened SL to 7pip
lol, as news kicked in i actually then moved stop down under support for 9 pips. terrible discipline. still in and trade moving up now. The ma moving across the tma bands is something i am going to look into further though hopefully with a little more care,

+21pips
messy but got there. Much work to do still with my head!

10/10 Short
Divergence and price stalling and wicking...

out -7

Batch 2 stats...
4 wins +84
6 losses -42
pip total: +42

A poorly traded batch but still profitable. Its all in the mind!!! just got to take control of mine!

1/10 Short
divergence at tma bands

out -7
went for a brew and came back to this. Thanks gkfx. im sure you wldnt hit my take profit in the same manner!!!


frustratingly price has tumbled down to where i wld have won trade. looking at a 15 min normal chart i can see that price did hit my SL fairly. still hurts to watch price drop from exactly my sl to the tp. nethermind. the forex world is not a level playing field. just gotta accept this and move on

My prediction for this afternoon...

2.long


+21pips
sorry all happened a bit too quick to explain my entry.
With trend plus divergence at tma bands. news for energy.
not bad prediction lines hey!!


looking at chart today i shldd have made +84 pips. just shows the poss potential if i can get my act together. Anyway. Thats enough for me this week. may possibly be able to trade next thur/fri but will have to see what market looking like. If not then will be after xmas period

Nice Subscribed and I will try my new broker bonus with this
All set up

3. Short (2pip Renko experiment to help with 7pip SL)


+21pips


poss long trade setting up now

Hello mate. Hope it works for you.

its looking like i should have gone long here. i didnt like the wick so waited. nevermind. pink line is where tp would have been.