- Search Metals Mine
- philstodd replied Jan 3, 2021
image And my analysis was correct....look what happened....trading is more than just a system....it's also common sense. Was able so save a few pips of profit.
Easy Eyes Renko
- philstodd replied Jan 3, 2021
Watching candles movements is a key to indecision and early exit with profit...you will see a candle rapid-fire up and down consistently to use this method.
Easy Eyes Renko
- philstodd replied Jan 3, 2021
Closed out early. Use good judgement when watching price live. It started to fluctuate rapidly. I don't want a big move down to break even. If price is flowing evenly in your direction; let it ride. Rapid moves up and down of the same candle is a ...
Easy Eyes Renko
- philstodd replied Jan 3, 2021
image all money now. breakeven or profit. 200 contracts at 2 pip box moves
beautifulEasy Eyes Renko
- philstodd replied Jan 3, 2021
currently in this trade. arrow shows my entry...let's see if the trend takes over image
Easy Eyes Renko
- philstodd replied Jan 3, 2021
Break evens are fine but, it seems as if the trend takes control when we come back to our initial entry allowing for profit instead of a break even.
Easy Eyes Renko
- philstodd replied Jan 3, 2021
Also testing if price moves against us right away....instead of a break even allowing price to move above or below one box for an exit loss or let it continue for profit on the reversal exit candle. Many charts to test before I confirm it.
Easy Eyes Renko
- philstodd replied Jan 3, 2021
Long term uptrend...short term downtrend with a possible hit of the 1.213 level if it continues...be ready for a pull back longterm chart or short term continuation.
EURUSD only
- philstodd replied Jan 3, 2021
Knowing a system works +70% of the time is a beautiful thing.....factor in break even trades and small losses makes it even more inspiring....don't focus on profit...focus on odds with risk management.
Easy Eyes Renko
- philstodd replied Jan 3, 2021
image And if you look on the zoom it is a spinning top heiken in there. That kept us out....the size and the candle look......you are going to have to find a heiken indicator that you can adjust size to fit this trading system.
Easy Eyes Renko
- philstodd replied Jan 3, 2021
But the eleven candle stop out(starting below the swing) is still in play if it goes against you right away.
Easy Eyes Renko
- philstodd replied Jan 3, 2021
image Squares are non tradable signals. Notice the size....you need a big blotch to enter. That saved us a move against us(not a loss) with the old system. This most likely requires 2 candles to move our way to enter. Circles are regular entry with ...
Easy Eyes Renko
- philstodd replied Jan 3, 2021
No sir, i'm testing it out right now trading crypto. Stay tuned.
Easy Eyes Renko
- philstodd replied Jan 2, 2021
I also do not want to get anyone's hopes up...but you are definitely going to need an indicator of heiken ashi to change the width of the heiken candle......
Easy Eyes Renko
- philstodd replied Jan 2, 2021
There are about 5 trades on the above chart that we would enter with the old rules that we would not with this new system. The whole key is to eliminate as many losses as we can. Although those 5 trades would have still been winners with the old ...
Easy Eyes Renko