At the moment I'm struggling to find an example for type 5 but I'll post one as soon as one arrives.

Renko + Logic = £££££

Here's type 4. I'm still evaluating the usefulness of trendlines on renko charts but this trade is 62 pips up at the moment so not knocking it! I took the trade this morning when xxxusd were looking bullish and usdxxx were looking bearish. It took a ...

Renko + Logic = £££££

Thanks for the info, glad to have you along.

Renko + Logic = £££££

This is type 3. Usdjpy. No trades marked here, take your pick. The entry signal is the formation of the first red brick away from a strong resistance level and the first green away from support. A few examples here.

Renko + Logic = £££££

Here's an example of a type 2 trade. The price broke a resistance level then came back and retested it. The entry is the when the first green candle opens back in the direction of the trend. You can see in this example that the trade worked out and ...

Renko + Logic = £££££

Here's an example of type 1. A break of resistance in the direction of a trend. The set up is fairly obvious to spot. The price banged it's head multiple times against the 0.9280 level. The entry is when the first bar formed above the resistance ...

Renko + Logic = £££££

Well I try not to form opinions about what's going to happen next as I have a habit of being wrong! I would say that for a while now the general direction for xxxusd pairs has been down and eurusd and gbpusd do seem to have had a good pullback. ...

Trendlines with Heiken Ashi and Stochs System

One win and one loss, can't complain. A 100 pip stop loss would have kept you in the trade you lost. 50 pips on gbpusd is a little tight. Have a good weekend.

Trendlines with Heiken Ashi and Stochs System

That just means I think you will make money on those trades.

Trendlines with Heiken Ashi and Stochs System

I wouldn't put you off either of those trades, I think they have the potential to work out. Why are you using a 50 pip tp? What if the trade goes 200? I think you are using a 50 pip stop loss as well right? If that is the case then there is nothing ...

Trendlines with Heiken Ashi and Stochs System

That's a method that a lot of people use. It is very marginally lower probability than just using one timeframe to signal your trade but it does get you in earlier if the trend is about to resume. It's a trade off between getting in earlier into a ...

Trendlines with Heiken Ashi and Stochs System

No, don't ignore the cci and stochs, just don't even consider the long trade until the cci and stochs agree with the trend. You want to be long this pair because it is trending up. No problem, just wait until you get a bullish candle that is backed ...

Trendlines with Heiken Ashi and Stochs System

No problem at all, you are welcome to post anytime. (particularly if you agree with me. LOL)

Trendlines with Heiken Ashi and Stochs System

MrLuckystar... Again it is AGAINST THE TREND. The trend is obviously moving up, why sell it? Only buy into uptrends and sell into downtrends. If you need a visual reminder for this put a 100 sma on the chart and only buy when the price is above it ...

Trendlines with Heiken Ashi and Stochs System

It's countertrend but could work. I wouldn't take it myself, I always prefer to go with the trend but I'd never put anyone off a trade.

Trendlines with Heiken Ashi and Stochs System

No worries, just wondered.

Trendlines with Heiken Ashi and Stochs System

No, closed that out for more or less break even, it wasn't going anywhere.

Trendlines with Heiken Ashi and Stochs System

I'm long sgdjpy on a 1 hour tf.

Trendlines with Heiken Ashi and Stochs System

Not a bad trade but your cci had crossed and was rising back up when you took it.

Trendlines with Heiken Ashi and Stochs System