Apologies it didn't look like a range chart at first glance

Renko Trading Discussion

Very good but this is a Renko trading thread - the clue is in the name Plenty of threads for candles

Renko Trading Discussion

Quiet week for me - +6 earlier and +35 long, 15 pip bricks. DAX is tricky!

Renko Trading Discussion

Shifted my SL too aggressively so +30 pips long, I'm sure it will visit the 300 zone very soon where my TP was sitting, 15 pip bricks:

Renko Trading Discussion

Good result!

Renko Trading Discussion

Thank you! Unfortunately I completely missed the set up signals after two days sleeping at the wheel! 35 pips is OK, but I could have done much better if I had been awake to what was happening 400 pips later....

Renko Trading Discussion

DAX short, +35 pips, 15 pip bricks:

Renko Trading Discussion

It's been difficult, I couldn't get any traction yesterday or the day before, there is a lot of uncertainty - it can't be easy trading and a job unless you are day trading. I started off with a day trading strategy a long time ago! Sometimes you ...

Renko Trading Discussion

I agree with you about making the charts very cluttered with multiple MAs, I don't like it either - now I rely entirely on the "shape" of the market to find entries. From Kennedy's paper the idea of using lower value MAs (5&10 sma)is to reduce the ...

Renko Trading Discussion

I've used a similar ma set up in the past based upon a paper by Jeffrey Kennedy of Elliott Wave Int. It was interesting at first but I decided I could live without it. Kennedy recommends 20 +20 sma (high and low), 10 sma and 5 sma. It was obviouly ...

Renko Trading Discussion

Hi Reamasesa, I figured I was going end up with either around 40-50 pips or 15 depending on whether the 00 line/zone offered support. I take it your last chart was a loss, what is the channel made up from - moving averages? I have used something ...

Renko Trading Discussion

DAX long +43 pips, 15 pip bricks:

Renko Trading Discussion

Hi PG, almost exclusively 15 pips on the DAX, especially how volatile it is at the moment. I occasionally look at the 10 pip chart, and its been a long time since I used the 5 pip chart for the DAX - too much noise on the lower brick size. Of course ...

Renko Trading Discussion

Back to it, I can't see much either at the moment on my 15 pip brick chart. There has been a move from big swings to this choppy stuff - uncertainty? Difficult to trade I think.

Renko Trading Discussion

Thanks PG, I think the DAX has gone to sleep for the moment. Only just up is better than down, particularly when it is thrashing around like this!

Renko Trading Discussion

DAX long +49 pips, 15 pip bricks. DAX looked wild yesterday, no trading for most of the day, +18 late on.

Renko Trading Discussion

DAX long +64 pips, no trades this morning - that will do. 15 pip bricks:

Renko Trading Discussion

DAX is a bit wild for a Monday morning - long for 30 pips, 10 pip bricks:

Renko Trading Discussion

DAX short +62 pips, no resistance at 22800 would have made it a +15 trade. 15 pip bricks:

Renko Trading Discussion

Hi Reamasesa, I use MathTrader7's non gap Renko all the time, its been a long time since I used anything else. I've also tried a few different variants in the past, I prefer MT7's non gap variant. Cheers, Dave

Renko Trading Discussion