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- philstodd replied Jan 1, 2021
From my original hometown of chicago. Very great watch. Check it out. url
Easy Eyes Renko
- philstodd replied Jan 1, 2021
Spoiler alert: Ok on what's to come and a bit of a sneak peak. I am looking to incorporate a heiken ashi candle over the renko boxes. The reason is I am looking to almost eliminate those big losses with the 11 candle rule(not fully but increase our ...
Easy Eyes Renko
- philstodd replied Jan 1, 2021
Another good week of trading for me, but I am consistently trying to increase the odds of this strategy. A couple losses with the new 11 candle rule is scary but still ahead. I will try to possibly change the 11 candle rule system while keeping the ...
Easy Eyes Renko
- philstodd replied Dec 27, 2020
One thing I didn't mention; watch the depth of market also. It's an added benefit to see what traders are doing and how large they are going.
Easy Eyes Renko
- philstodd replied Dec 27, 2020
When you are looking for instruments to trade always do a quick scan back on each chart, about a page back is enough; look for a clean chart with good moves up and down. Not choppy markets. Trade those. Look over as many as you can to get those odds ...
Easy Eyes Renko
- philstodd replied Dec 27, 2020
example of what I am saying in the above post. Yes, it increases possible loss size greater then 11 boxes, but highly unlikely. image
Easy Eyes Renko
- philstodd replied Dec 27, 2020
Another added tip....If you get a signal and price moves away from you; for example another 4 or 5 blocks.....then a 2nd setup happens in the same direction.... you do not enter...you have the option to get out with a smaller loss then the full 11 ...
Easy Eyes Renko
- philstodd replied Dec 27, 2020
This is BEAUTIFUL. Here is one thing I forgot to mention when you can exit before the 11 box rule in this chart. Watch and learn all money! Amazon dollar box moves. image
Easy Eyes Renko
- philstodd replied Dec 27, 2020
Another tip. Check how the renko box size is trading in correlation to time. Your eyes will do you justice. You want hours of movement showing or a day or two. Unless you want the longer term trading. I prefer screen time with this system.
Easy Eyes Renko
- philstodd replied Dec 27, 2020
Another key to the system is noticing the volatility of the market. Can you sit and trade? Check the market every 5 or 10 minutes? Every hour? Trailing stops of 2 and a half boxes are a good practice. It allows you that 3 box move and break even ...
Easy Eyes Renko
- philstodd replied Dec 27, 2020
I always wondered if big banks and trading firms look for information like this. I have made plenty of money in my years trading my TMS system from Big E. Still going strong and always have a tad bit of fear thinking they may change the movements of ...
Easy Eyes Renko
- philstodd replied Dec 27, 2020
image Tesla 50 cent boxes...not one loss. Win/ break evens.
Easy Eyes Renko
- philstodd replied Dec 27, 2020
update to the above. I wouldn't trade the arrow after the box. Break above 200, but the 2nd one I would following pattern recognition. Didn't feel like editing chart.
Easy Eyes Renko
- philstodd replied Dec 27, 2020
1 eleven box loss that i squared. The rest all winners/break even. us dollar vs mexican peso. 1 cent boxes image
Easy Eyes Renko
- philstodd replied Dec 27, 2020
I monitor these charts pretty steady when I trade. If you notice most of the time if there is a trade that moves quick most of the time you still have the potential for a small win break even, and even sometimes more profit than expected.
Easy Eyes Renko
- philstodd replied Dec 27, 2020
Here are 2 examples of the new rule and from what I can tell all other trades are winners/break evens. last eur/usd chart image 2 pip boxes
Easy Eyes Renko
- philstodd replied Dec 27, 2020
This is the last usd/cad chart.....with the new system and the eleven box movements there is not one single loss. All wins and break evens...This has massive potential. I will continue to test and change it to my liking and more accuracy. 2 pip ...
Easy Eyes Renko
- philstodd replied Dec 26, 2020
My new system I been testing requires you to desperately lower your lot size because of the potential for a big loss. I use something similar in my daily tms system but I wanted to incorporate it into the renko system. Here it is. The rules are the ...
Easy Eyes Renko
- philstodd replied Dec 22, 2020
Been doing well with the system, but I am looking to update the system more. Stay tuned I have to do some more back testing.
Easy Eyes Renko