Hi Fxgenial, I think your comment about being more efficient because its suits you best really hits the point. I wouldn't pretend that trading Renko without indicators is the best way to do things, but I think if you can develop a reasonable level ...

Renko Trading Discussion

Hi Intrepidpips, I think however you choose to trade you have to own it , live and breathe it. My big problem with indicators is that I tend to trade the indicator, not the market! I can't see past the indicator, this is just a personal thing, I ...

Renko Trading Discussion

Finally a bit of break on the DAX, I'm looking for a reversal back up to the 12600 level, or a break short through 12550, depending on what the 5 pip chart looks like...

Renko Trading Discussion

Hi Matt, I hope you are well. Yes it is mostly breakouts from S/R levels and I use the 10 pip bricks to identify those levels. Occasionally I will take one when the DAX is on a run and retraces a couple of bricks, ideally into another short ...

Renko Trading Discussion

Hi Intrepidpips, I will do my best to explain it! I have posted a number of trades I have taken previously on this thread, but here are a couple of trades I took yesterday, I only trade on the DAX these days, occasionally on GBPUSD but I usually get ...

Renko Trading Discussion

Hi FXgenial, my apologies for not being more specific, MT7 is very productive and creates a lot of EA's and indicators! I was referring to his non-gap Renko EA which I use for live trading. Cheers, Dave

Renko Trading Discussion

Hi Teapeak, I had a play around with these indicators a while back and got bored with them very quickly because they repaint. I am happily trading live with MT7's EA and no indicators, it is by far the best way to trade! Cheers, Dave

Renko Trading Discussion

Hi Billy, I'm fine thanks,it's Friday, yaaay! I missed it completely but it was a nice run down to the 12200 level; is it just me or does the DAX cling to major number levels more than currency pairs? I think there might be another dive to the 12200 ...

Billytt Die happy trading e/j daily breakout

Oh well, +2 it is

Billytt Die happy trading e/j daily breakout

Hi all, missed the mornings drop on the DAX that Billy referred to, currently BE +2 locked

Billytt Die happy trading e/j daily breakout

Morning Billy, It's damn impressive what you do, DAX or no DAX I blame Lem for my DAX fetish

Billytt Die happy trading e/j daily breakout

You are right Lem, its just been a bit miserable for a while, I wonder why? Anyway DAX finally broke away a bit from the 12100 for another +20, if I hadn't taken that it would have hit my SL. That's me done! Enjoy the rest of the day!

Billytt Die happy trading e/j daily breakout

DAX seems to be back into the same indecision zone around the 12100 level similar to early morning before it went off on one. Its going to break, but I might get bored before it does,10 pip bricks:

Billytt Die happy trading e/j daily breakout

Thanks MrT, I'll bear it in mind when I am having a bad day with IG, or want to run two or more accounts, I was close to it a couple of months back...

Billytt Die happy trading e/j daily breakout

D'oh!t got back to my desk after a thrash on the push bike, its a bit warm today, I'm like a damp rag, probably too much information DAX is doing 100 pip swings today:

Billytt Die happy trading e/j daily breakout

Went for a cuppa and missed a good entry (in Renko world) on the DAX, OK so it took slightly longer than 5 minutes to get back to 12100 then blow through it

Billytt Die happy trading e/j daily breakout

DAX having a poo....does that mean ranging?

Billytt Die happy trading e/j daily breakout

I agree with you Claudia, they are all spivs and crooks, but on the whole they have been OK, I can't get more enthusiatic than that but I've stayed with IG the longest

Billytt Die happy trading e/j daily breakout

So many talents MrC, and one of them isn't German

Billytt Die happy trading e/j daily breakout

DAX on too much columbian nose powder this morning, back to were I started, back up to 12100 in the next 5 minutes?

Billytt Die happy trading e/j daily breakout