There you go. Pivot to pivot trading with renko.

Trading Renko

I would suggest 10 pip bricks. Psych levels are stronger as price moves through 00 levels. If you think about it, Renko is just very good at showing you trend based on breaks of these psych levels which everyone pays attention to. It seems that the ...

Trading Renko

Can I suggest you include the mid level pivots also. Yesterday I bagged 62 pips on the G/U by trading short from M2 to S1. If price is moving from a major pivot I will exit the trade when it reaches an M level. If it breaks through and I get a clean ...

Trading Renko

Also went short G/U which has just closed for a profit. It was nearly at TP but I closed it manually at M3 pivot. Not sure about the swissy trade. I would have hesitated if on a live account because of the double bottom which it has bounced off. ...

Trading Renko

OK. Let's see how this pans out. I've gone short USDCHF just after Frankfurt open. Confluence factors are: Red brick down trending with the MA on Applied price RSI below 50 Close of previous brick below M2 pivot Close of previous brick breaks ...

Trading Renko

It does seem to have an edge doesn't it? No I don't trail my stops. Trades need room to breath. OK. Now that we have established there is an edge to taking 1:1 RR trades, with renko. the question is how do we trade it in terms of weekly profit ...

Trading Renko

I'm not sure what you mean. If you need double the SL then you trade half the number of lots for the same risk percentage. It doesn't matter what my stop loss is. I always expose my account to the same risk by adjusting the lot size. To make this ...

Trading Renko

I've been trading the Nitro setup with the 3 yen pairs using the correlation technique as per the orginal Edgetrader thread. But I've also been looking to use renko for longer trades so I'm happy to have stumbled on this thread which is devoted to ...

Trading Renko

It's good that you mention Trading in the Zone which is my favourite trading book. But Ferrari, don't get too analytical about this. Everything you need to know is on Page 1 of this thread. We have some basic rules, but it's the exercise of some ...

NITRO Scalping for serious traders

Well done Ferrari. Keep at it.

NITRO Scalping for serious traders

Correct

NITRO Scalping for serious traders

+10 E/J

NITRO Scalping for serious traders

I've found this approach to be helpful: url

NITRO Scalping for serious traders

How do you figure 8:1 anyway?

NITRO Scalping for serious traders

He means stock market open not forex open.

NITRO Scalping for serious traders

Then look elsewhere. Risk to reward only has a meaning if you factor in win to loss ratio.

NITRO Scalping for serious traders

After the initial PA it stalled a bit and got to a maximum drawdown of only 5 pips, but when it got back up to 8 I closed out because it seemed to be faltering. After that as you see it reversed and there is not good correlation now. If I don't get ...

NITRO Scalping for serious traders

Only you can answer that question by trading it yourself.

NITRO Scalping for serious traders

Absolutely! In the trade I posted today on E/J, I usually like to wait until the brick after a Trix signal, but in this case there was a sudden strong price movement correlated over the 3 pairs so I took it for 8 pips. Price Action is King and ...

NITRO Scalping for serious traders

Frankfurt open — +8 pips E/J

NITRO Scalping for serious traders