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RENKO Boxes Trade easy

  • #201
  • Aug 10, 2016 1:28am Aug 10, 2016 1:28am
Quoting jannetrading
Hey! Thank you for this Renko system. I have a question regarding the offline chart. My JPY chart looks different as you can see in the picture. Why is the price different between offline M2 chart than M1 chart? Regards Janne {image}
for example...
Attached Image
  • #202
  • Edited 9:00am Aug 10, 2016 1:38am | Edited 9:00am
@jannetrading: click only again on the template "Renko_Factory.tpl" then is all well

After 07:15 GMT I will make Renko Orders but with patience:

Pair++++Pending+++ Market+++ buy++/++sell+++openprice++++++TP Pips++++++closeprice

EURUSD-----x-------------------------------------x------1.1170------------ 70

USDCHF-----x------------------------x-------------------0.9780-------------60

GBPAUD-----x------------------------x-------------------1.6920-------------60---------------1.6860 SL

AUDUSD-----x-------------------------------------x------0.7730-------------70

USDJPY x-----------------------------x-------------------101.20-------------40
  • #203
  • Aug 10, 2016 2:56am Aug 10, 2016 2:56am
Hi ghostbiker,

Can i ask a question about buystop(GBPJPY)?

Could you check GBPJPY?

is it perfect terms for buystop? (132.400)

Regards...
  • #204
  • Edited 3:20am Aug 10, 2016 3:07am | Edited 3:20am
GBPJPY is dangerous yes or no ? I see in this moment no !

all GBP pairs difficult since BREXIT
  • #205
  • Aug 10, 2016 3:10am Aug 10, 2016 3:10am
Quoting ghostbiker
GBPJPY is dangerous yes or no ?
very dangerous right now
  • #206
  • Aug 10, 2016 5:36am Aug 10, 2016 5:36am
Quoting ghostbiker
@jannetrading: click only again on the template "Renko_Factory.tpl" then is all well After 07:15 GMT I will make Renko Orders but with patience: Pair++++Pending+++ Market+++ buy++/++sell+++openprice++++++TP Pips++++++closeprice EURUSD-----x-------------------------------------x------1.1155------------ 55 USDCHF-----x------------------------x-------------------0.9790-------------50 GBPAUD-----x------------------------x-------------------1.6920-------------60 AUDUSD-----x-------------------------------------x------0.7710-------------50


when do you close those pending orders? at london market close?
  • #207
  • Aug 10, 2016 6:01am Aug 10, 2016 6:01am
Quoting Alexhome
{quote} when do you close those pending orders? at london market close?
Hi,

i let run the orders in to the Takeprofit or if the movement would slower (i monitor this with an EMA 7) and EMA was flat then im close the trade.
This prevent me mostly to losing moneys.But there are many opportunitys to protect your monyes e.g Trailingstop with wide parameters 10 Pip (here
2 Boxes) and Steps 6 Pips. It is very important to following the rules which ghostbiker has established for this strategie.

guigra
  • #208
  • Edited 6:53am Aug 10, 2016 6:41am | Edited 6:53am
@Alexhome: difficult Market, I follow the price with the pendings to a retracement

- yes I look for close 15:45 GMT

watch Post # 202
  • #209
  • Aug 10, 2016 7:05am Aug 10, 2016 7:05am
I cannot figure how to put the SL.I don't see the 'the Dot on the next Golden Line'

Can you explain a bit or show on a chart for GBPAUD by example ?
Thanks!
  • #210
  • Aug 10, 2016 7:10am Aug 10, 2016 7:10am
Quoting brusch
I cannot figure how to put the SL.I don't see the 'the Dot on the next Golden Line' Can you explain a bit or show on a chart for GBPAUD by example ? Thanks!
1.68751 I guess would be the SL on GBPAUD, but lets wait for confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: Sin título.png Size: 37 KB
  • #211
  • Aug 10, 2016 7:14am Aug 10, 2016 7:14am
- GBPAUD: 1.6870 = next golden line unter the blue dot

- or 1:1 TP / SL is 1.6860
  • #212
  • Aug 10, 2016 7:40am Aug 10, 2016 7:40am
@ghostbiker,alexhome

Ok was to much zoomed to see it.
Yep, I had the 1:1 rule in mind, just hit SL @ 1.6860
  • #213
  • Edited 8:51am Aug 10, 2016 8:15am | Edited 8:51am
by me no hit SL 1.6860 (1 or 2 Pip difference) the order is active now the price by 1.6884

now hit my SL too 1.6860
  • #214
  • Aug 10, 2016 8:50am Aug 10, 2016 8:50am
I am stoked to find this thread. Looking forward to learning Renko boxes. TY fro Ormond Beach Florida.
  • #215
  • Aug 10, 2016 8:59am Aug 10, 2016 8:59am
After 07:15 GMT I will make Renko Orders but with patience:

Pair++++Pending+++ Market+++ buy++/++sell+++openprice++++++TP Pips++++++closeprice

EURUSD-----x-------------------------------------x------1.1170------------ 70

USDCHF-----x------------------------x-------------------0.9780-------------60

GBPAUD-----x------------------------x-------------------1.6920-------------60---------------1.6860 SL

AUDUSD-----x-------------------------------------x------0.7730-------------70

USDJPY x-----------------------------x-------------------101.20-------------40
  • #216
  • Aug 10, 2016 9:22am Aug 10, 2016 9:22am
@ghostbiker 70 pips TP on AUDUSD ? I'm in this short, but I guess we won't reach 70 pips. If you plan to leave this operation running the whole night post your SL or if you move to breakeven please.

Thanks a lot !
  • #217
  • Aug 10, 2016 9:26am Aug 10, 2016 9:26am
yes close AUDUSD in win can we ever is in win can move to BE + 10 or + 20
  • #218
  • Edited 9:48am Aug 10, 2016 9:32am | Edited 9:48am
Quoting ghostbiker
yes close AUDUSD in win can we ever is in win can move to BE + 10 or + 20

EDIT: wow it's working pretty nice.
  • #219
  • Aug 10, 2016 9:49am Aug 10, 2016 9:49am
Hi Ghostbiker

How you determine pending order and stop loss? Can you explain with a chart example.
  • #220
  • Aug 10, 2016 10:08am Aug 10, 2016 10:08am
- the Order must BELOW (sell) or ABOVE (buy) the evo-donchian line place

- the evo-slope line must change the color (and the direction)

- I work with 15 - 20 Pips difference to the priceline and set the pendingorder

- the TP is 20 - 50 - 70 Pips

- the SL below (blue) or above (red) the dot on the golden line or 1:1 TP / SL

Attached Image (click to enlarge)
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