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This is my Main Chart i use for Trading CL , It consists of Standard Renko Bars 7 pip size from Ninjatrader7 with Heikin Ashi overlay.
Supported by Indicators:
a1MarketReminders
PriceActionSwing
RSqueeze
i am interested in making this a better Trading Screen for my Entry/Exits.
i will most likely join the Elite membership to see what i may learn from it's members.
here is a pic of the main setup.
Try a smaller renko like a 2 or 3. Trade price action hh hl ll lh. And use the squeeze for divergence trades you will definitely be able to make some money with that
I wanted to add a bit on trading with Big Round Numbers,
what i wanted to add is about mid numbers (MN´s) we said that the most important BRN´s are 00,20,50 and 80, the market trades around this numbers and you could look for responsive buying and responsive selling at this levels and position yourself accordingly, Now, the MN´s are the following,
10, 35, 65 and 90, so you end up with a complete set of levels where you could enter/exit your trades,
this will be, 00, 10, 20, 35, 50, 65, 80 and 90.
TIP: when you see an opportunity to enter on one of this levels, you could set your entry 5 ticks above/below your BRN´s/MN´s, the 90% of the time the price will go further about 5-8 ticks above/below the level chosen, why does this happen? well is similar to a car, that need some distance when you hit the breaks to the point you want to stop, you start breaking well before the light that says "STOP", in the market is the same, it needs some room to finally stop completely and start reversing.
today has been a clear example of this, and since is a Sunday, i normally not trade, but when i trade i scalp the market, but the market has proven itself that this really works!!
I hope all of you are having ticks of profit for your accounts, i just finished my trading, ended with +21 ticks. in this account, i see a last probable trade forming but will not rush into it, basically the BRN´s have worked perfectly today, and that let me grab some ticks in the minutes i have free to trade.
Hello, i just closed my first two trades of the day, i see the market in a range 92.35 and 93.00 i expect a break from this and will trade the break or any retracement. we don't have any news catalyst today so i need to have my eyes wide open to any change in market sentiment.
