while bar size can adjust for volatility I am looking for continuation frequency. If I can make 100 bucks with a 20 tick bar and the % of carry through on the next bar has about the same % of follow through as it is on a 10 tick bar where I earn ...

Range and Renko Trading

Repaint?...... What is your meaning of repaint? Then I will answer a question.

Range and Renko Trading

A late night opportunity taken. Trade taken off a pin bar.And a nice 2-1 reward to risk. Yes this is not the original strategy but one I have also been looking at. Pin bars or dojo's or whatever you want to call them show a very good probability and ...

Range and Renko Trading

All of the above is the reason for this type of system..... Take small high probability bites out of the market and make your profits from increased position size. Looking at this mornings chart after I was done was upsetting... Gee I shoulda coulda ...

Range and Renko Trading

You might take a look at the NQ.

Range and Renko Trading

Once done I am done for the day....BUT that doesn't prevent me from feeling some real emotions when I see what the market then went on to do... But that is part of the game. What good are rules if you don't follow them?

Range and Renko Trading

Speaking of consistency..... I screwed the pooch this morning... Got up late.... Was distracted and when I finally got started it was a crappy piece of the morning action. Also missed the short side after my first stop out. Anyway here they are. 2 ...

Range and Renko Trading

Hi turnip. The 10 / 50 is a happy medium and has a good track record. As to whether you use it or the itchy scratchy or not is not as important as choosing one and being consistent. The biggest problem we have as traders is sticking to a rule ...

Range and Renko Trading

That is an excellent article. Thank's for sharing that one. Here is another that shows the advantages of a well played trading plan..... Taking consistent smaller more available profits rather than trying for the home runs..... url

Range and Renko Trading

Thank's..... NQ is a very good index to trade. You might like this article about the NQ.... url Using the plan in the profits spreadsheet in the first post allows you to trade multiple targets. Since it just takes a glance at the charts to see ...

Range and Renko Trading

I am testing the SMA 20 as a trailing SL ... Volume is on the chart only because I haven't removed it... I don't really care about volume because the time of day I trade is already a high volume time. RSI is also a test for trailing SL.

Range and Renko Trading

As you can see there are multiple opportunities to trade in any session. I generally choose to take only a couple trades a day thereby reducing my risk exposure. Watch the video in the third post again for some clarity on that.

Range and Renko Trading

Here is the basic ruleset in a picture.

Range and Renko Trading

You would find making those 3, or 5, or 10 pips easier with the renko or range bar charts.... You will find a very high percentage of continuation bars after a bar color change.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I will detail the strategy a bit later .... There are a couple variations that I am testing to see how they come out after that I will share those as well. The variations are nothing radical just some slightly more aggressive entry methods and a ...

Range and Renko Trading

Here is a list of November trades and summaries ... November and since inception of this trading model's forward tests. All trades place are 1 contract. You can figure out the math with the chart above as to what happens when you start adding ...

Range and Renko Trading

This mornings trade... Not perfect but close enough. 3 trades for Dec. so far.

Range and Renko Trading

Here is a video that has probably helped me more than anything else I have come across. It does not deal with chart types. It deals with risk management. Give it a look and maybe you will also gain some insight. I am not affiliated with Indicator ...

Range and Renko Trading

Here is this evenings trades to start December. The first trade was entered late and would have made the full 150 but I had moved the SL to BE + 2 ... The second trade was done the same way after it had gotten into profit but never retraced to hit ...

Range and Renko Trading