Renko in underwear - Trading Journals | futures io social day trading
futures io futures trading


Renko in underwear
Updated: Views / Replies:4,541 / 48
Created: by kmidas Attachments:55

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 55  
 
Thread Tools Search this Thread
 

Renko in underwear

  #21 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

https://futures.io/trading-journals/17881-renko-underwear-2.html#post195660

As I said all my charts have been changed to 25 pips blocks. So I continued managing my open trades with 25 pips blocks.

CADJPY printed a red block, I moved the stop just below that block and got out with +108 pips in profit

Considering that it was at some point +170 pips it makes me sad leaving so many good pips on the table. I can't think any better technique to get out of a winning position.

Attached Thumbnails
Renko in underwear-cadjpy.png  
Reply With Quote
 
  #22 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

https://futures.io/trading-journals/17881-renko-underwear-2.html#post195979

AUDJPY printed a red bar which also failed to keep price above the previous resistance. Moved the stop loss below that bar and I got out. +15 pips. A bit disappointing but still it is a + sign so it is good in the end.

Attached Thumbnails
Renko in underwear-audjpy.png  
Reply With Quote
 
  #23 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received


A trade I considered taking this morning but I chickened out and didn't

NZDUSD breaking below the down trend line. (In the screenshot I have attached the trend line look a bit off but it is just because it moves. Can't find a way to keep it pinned there).

The Moving Averages are aligning properly and pretty and we have a second bar DC breach. Unfortunately in front of us was a horizontal resistance in the 0.825 area that has been touched 3 times and, after all, the NZD has been a strong currency lately.

Well, didn't take it and now I am watching it fly

Attached Thumbnails
Renko in underwear-nzdusd.png   Renko in underwear-nzdusd1.png  
Reply With Quote
 
  #24 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

AUDCAD broke previous resistance, new DC low, SMAs all looking down.

Short @1.05693
Initial SL @1.06211 now trailing @60 pips
No TP

At the same time I entered a pending order buy @1.0627, SL @1.05717, TP @1.06732. That would test my theory about reversing the position. The price moved lower so I have canceled that order. That's it for today. No more trades.

Attached Thumbnails
Renko in underwear-audcad.png   Renko in underwear-audcad2.png  
Reply With Quote
 
  #25 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

https://futures.io/trading-journals/17881-renko-underwear-3.html#post198520

In this trade I got kicked out early. It seems that when the broker has 5 digit currencies the 60 pips trailing stop should be typed as 600. That means that my 60 pips was actually 6 pips trailing stop. Profit +2 pips

Attached Thumbnails
Renko in underwear-audcad2.png  
Reply With Quote
 
  #26 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

Today was a good great day for my trades. I took 4 of them and all ended up green.

GBPNZD in downtrend, made one attempt to turn bullish but failed, right to the SMAs which are properly aligned. TP set at the point where was the previous resistance.

Short @Sell 1.92265
SL @1.93
TP @1.91219

Profit +104.6 pips

At the same time I entered a counter order Long @1.93 with TP @1.93772 just in case I was wrong. That didn't triger and I am canceling it.

Unfortunately I don't have a before screenshoot of this, only the after.

Attached Thumbnails
Renko in underwear-gbpnzd.png  
Reply With Quote
The following user says Thank You to kmidas for this post:
 
  #27 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

EURJPY stopped at previous resistance @105.755, bounced up and broke the upper channel line.

Long @107.005
SL @106.430 two bars back.
TP @108.000 which is a round number and price has swinged much there recently. That area is full of resistance. At that point the price made a red brick but recovered again and now it made a new high.

Profit +94.4 pips

Attached Thumbnails
Renko in underwear-eurjpy.png   Renko in underwear-eurjpy1.png  
Reply With Quote
 
  #28 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

USDCAD is consolidating. It bounced down from parity where it has found much resistance in the recent past.

Short @0.99603
SL @1.025
TP @0.99 where the next resistance starts.

Profit +60 pips

Naturally I entered the counter trade which didn't trigger and will be canceled

Attached Thumbnails
Renko in underwear-usdcad.png   Renko in underwear-usdcad1.png  
Reply With Quote
 
  #29 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received

CADJPY in uptrend, made a deep retracement below the 81.000 level and bounced back up. It also broke the upper channel line. Good candidate for continuation. Also in the candlestick chart the pair is in uptrend on the daily chart.

Long @81.573
SL initially @81.886. Now I removed it and entered a trailing stop of 60 pips.
TP initially @82.770 where the next resistance is but now I have removed it completely.

I will leave this alone to run as far as it can. I hope I will not regret this.

Attached Thumbnails
Renko in underwear-cadjpy.png   Renko in underwear-cadjpy1.png   Renko in underwear-cadjpy1d.png  
Reply With Quote
 
  #30 (permalink)
Trading for Fun
Greece
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: forex
 
kmidas's Avatar
 
Posts: 68 since Feb 2011
Thanks: 8 given, 26 received


USDCHF bouncing down from the 0.91 level. The whole area between 0.91 and 0.92 is filled with a recent range. Also we have a breach of the lower channel line.

On the daily chart we have a big bearish bar down from resistance.

Pending short @0.90687
SL @0.91317
TP @0.90 where is the support

Attached Thumbnails
Renko in underwear-usdchf.png   Renko in underwear-usdchf1d.png  

Last edited by kmidas; March 9th, 2012 at 01:13 AM.
Reply With Quote

Reply



futures io > > > Renko in underwear

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Better Renko aslan The Elite Circle 267 August 16th, 2017 11:49 AM
Renko TheWizard Traders Hideout 42 May 30th, 2015 12:33 AM
What is the difference in the regular Renko charts and the Median Renko charts PamH NinjaTrader 17 February 21st, 2012 08:16 PM
Better Renko Big Mike Platforms, Tools and Indicators 0 October 24th, 2010 04:07 PM
Better Renko For TradeStation gmorgan111 Traders Hideout 3 October 2nd, 2010 08:40 AM


All times are GMT -4. The time now is 06:32 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.13 seconds with 21 queries on phoenix via your IP 54.221.93.187