That's all I use. The fractal alarm is just to alert me that there may be a trade. I trade the reversal and enter on the second renko brick after the reverse. However I wait to get a sense of price action before entering. I use 10 pip bricks because ...

Renko Stoch TS

If you don't want to sit in front of the screen for hours you might find the fractal alarm useful. I enter on a fractal which will always be the second color change brick on a reverse. I've marked the potential entry points. I use 10 pip bricks and ...

Renko Stoch TS

Just one of countless examples where pivots point the way. These are 10 pip renko bricks on heiken ashi candles. The green line on the lower right is the coral THV trend indicator. I only go long if price is above it. I never do counter trend trades.

NITRO Variations for Open-minded Traders

You will significantly increase the probability if your entry coincides with a breach of a pivot level. I'm somewhat surprised that pivots don't get mentioned anymore.

NITRO Variations for Open-minded Traders

No need for TS. Nitro works just fine on MT4 folks. 1. Market timing 2. Price Action 3. Correlation

NITRO Variations for Open-minded Traders

Good question. The TDI I posted and use is the original and is non configurable. So I use the default. But you reminded me. I have another one which I am posting. You can change the settings and it has an audible alert when the rsi crosses the 50 ...

Trading Renko

+17 on the Euro Not much talk about pivots recently. Learn to trust them. Too much talk about indicators for my liking. Time to read Page One again.

Trading Renko

Lou, I wouldn't worry too much about lag. What's more important is to ask yourself, is this a high probability trade? There comes a point when excessive filtering will totally destroy a strategy as I've seen many, many times before. What may seem to ...

Trading Renko

A pair is 2 currencies one of which is the USD. A cross is where neither currency is the USD. EURUSD is a pair EURJPY is a cross.

Trading Renko

Here you go.

Trading Renko

+38 G/U

Trading Renko

Todays trades — Qualified entry for long condition is trigger bar body must close above the price action channel. TDI indicator green rsi above 50, above red signal line, above yellow market trend. Enter on following bar if break above pivot ...

Trading Renko

I wonder why your chart doesn't look like mine. As you can see there was no long entry condition.

Trading Renko

What rules? If you want to backtest entering on a break of a pivot and stay in no matter what till the next pivot then you might get accurate results using historical pivots. But if for example you decide to exit a trade if an HA bar changes colour ...

Trading Renko

I'm glad you mentioned that. I was just about to send you $99 for the e-book. lol. I'll test your SL idea though.

Trading Renko

Interesting approach but very conservative. My fear is that you would be missing a lot of winners. Sometimes you need to ride out the retracements. Never heard of 3000 method. Do you have more info?

Trading Renko

Try putting your stop loss just above/below the PAC (Price Action Channel).

Trading Renko

I you want a greater understanding of HA as used in the synergy method, here's a doc.

Trading Renko

Good that this subject has been raised. For some time I've been trading the Synergy method which was developed by Dean Malone. It uses HA bars with a price channel made up of a 5 smoothed MA on price high and the other on price low. The idea is that ...

Trading Renko

Yes still trading it as no doubt many others are. Caught 15 pips yesterday. Maybe everything that needs to be said about nitro has already been said. Happy trading.

NITRO Scalping for serious traders