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Renko gold (renko in renko)

  • #21
  • Sep 16, 2025 7:07am Sep 16, 2025 7:07am
There was a regular divergence at LO and I ignored it, but since I didn't get a HD I didn't cash in on the trend continuation. I waited until I found a "double level" formation and went for a 1: 1
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Let it turn and find your entry.
  • #22
  • Sep 17, 2025 2:59am Sep 17, 2025 2:59am
The Hidden Divergence (a measure of trend continuation) is more reliable than the Regular Divergence (trend reversal)
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Let it turn and find your entry.
  • #23
  • Sep 17, 2025 3:02am Sep 17, 2025 3:02am
When the trend and entry filters both indicate Regular Divergence it's relatively safer than when it's only the entry filter
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Let it turn and find your entry.
  • #24
  • Sep 17, 2025 11:30am Sep 17, 2025 11:30am
3 trades one W 2 Ls.

The first trade was targeted at the last low, but price went lower after hitting a 2:1 risk to reward.

For the other trades, the trend filter was still Bearish but I didn't wait for the Brick to completely close bearish haven seen an apparent Hidden divergence just like the trade of yesterday. Price did it's thing and took out my SL both times.

So I will henceforth always only take the trade after the brick confirms no more taking the trade mid brick.
Attached Image (click to enlarge)
Click to Enlarge Name: RNKGLD 85.png Size: 49 KB
Let it turn and find your entry.
  • #25
  • Sep 17, 2025 11:57am Sep 17, 2025 11:57am
Quoting Intrepidpips
3 trades one W 2 Ls. The first trade was targeted at the last low, but price went lower after hitting a 2:1 risk to reward. For the other trades, the trend filter was still Bearish but I didn't wait for the Brick to completely close bearish haven seen an apparent Hidden divergence just like the trade of yesterday. Price did it's thing and took out my SL both times. So I will henceforth always only take the trade after the brick confirms no more taking the trade mid brick. {image}
Tweaking on the go, I added a moving average which would more responsive than the trend filter.
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There was Regular Divergence indicated by the entry filter but the trend filter didn't support it
Let it turn and find your entry.
  • #26
  • Sep 18, 2025 5:16am Sep 18, 2025 5:16am
I missed that first Breakout because the trend filter was still Bearish but I did't hesitate to pull the trigger on the second breakout.
This was a 2:1.5 Risk to Reward but I was almost going to fold @ 50 pips meanwhile the move from there was good for 100 pips.
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Click to Enlarge Name: RNKGLD 87.png Size: 50 KB
Let it turn and find your entry.
  • #27
  • Sep 18, 2025 5:20am Sep 18, 2025 5:20am
In hindsight I left too early yesterday thinking the market wouldn't give me an opportunity to make some profit before the FOMC news. There was so much opportunity after the news too when the market had calmed down.
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Click to Enlarge Name: RNKGLD 88.png Size: 55 KB
Let it turn and find your entry.
  • #28
  • Sep 18, 2025 1:06pm Sep 18, 2025 1:06pm
Quoting Intrepidpips
I missed that first Breakout because the trend filter was still Bearish but I did't hesitate to pull the trigger on the second breakout. This was a 2:1.5 Risk to Reward but I was almost going to fold @ 50 pips meanwhile the move from there was good for 100 pips. {image}
I saw the trend reversal at Asia session high level but was unwilling to lose so I didn't engage.
The market thereafter refused to give me a clear enough divergence so I stayed away only to see Gold shed all the gains it made in the London session FOMO pulled me in and my third trade actually achieved a 1:1 but I was hopeful the recent market bottom would be revisited but the market refused to.
the fourth trade was very emotional because I'd given away all of the profit of the London session and gone into deficit so I pulled the trigger all the same knowing I could get another SL hit
So the lesson learned is that if a 1:1 would put me back to BE I should just take it and wait for the next opportunity.
Unwillingness to lose seems to be my greatest enemy.
It looks like I have to stay "faithful and committed" to trading divergence alone, seems FOMO is causing me to go after every move and give away what I've gained before.
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Let it turn and find your entry.
  • #29
  • Sep 19, 2025 8:27am Sep 19, 2025 8:27am
I missed the L o (again) but kept to my resolve to only take divergence set-ups/

The 2 trades left some profit on the table but I had to let it be so because the trend filter didn't indicate divergence so I played it safe (negative R:R) in both instances
Attached Image (click to enlarge)
Click to Enlarge Name: RNKGLD 91.png Size: 51 KB
Let it turn and find your entry.
  • #30
  • Dec 31, 2025 10:48am Dec 31, 2025 10:48am
Ending the year in high spirits.

The main reason for lack of results is second guessing set-ups and unwillingness to lose.
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Entries not taken harm the account more than losing entries.

I have settled on the 10 pips brick Renko for Gold and have been studying it offline before a little forward-testing this week.

Here's to fearlessly taking every valid entry signal next year.
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Let it turn and find your entry.
  • #31
  • Jan 7, 2026 10:21am Jan 7, 2026 10:21am
Hello. It seems you have good experience with using Renko. Can you guide me on using it in MetaTrader 5 in an online way, and is there a hassle-free method to trade directly on it? Unfortunately, I have no experience with offline Renko in MetaTrader.
Thanks!
  • #32
  • Jan 13, 2026 9:26am Jan 13, 2026 9:26am
Quoting iardavan
Hello. It seems you have good experience with using Renko. Can you guide me on using it in MetaTrader 5 in an online way, and is there a hassle-free method to trade directly on it? Unfortunately, I have no experience with offline Renko in MetaTrader. Thanks!
Unfortunately with Metatrader, Renko is an offline or secondary chart feed. some other trading platforms have Renko as primary chart feed.

I don't have experience with MT5, I couldn't find reliable Renko generators for MT5 even the paid one I couldn't use effectively.
Let it turn and find your entry.
  • #33
  • Jan 17, 2026 7:16am Jan 17, 2026 7:16am
Quoting Intrepidpips
{quote} Unfortunately with Metatrader, Renko is an offline or secondary chart feed. some other trading platforms have Renko as primary chart feed. I don't have experience with MT5, I couldn't find reliable Renko generators for MT5 even the paid one I couldn't use effectively.
Hey intrepidpips. can i be buddy with you i really interested in renko and in research to do it properly
Thanks and hope you always blessed
  • #34
  • Jun 11, 2026 12:59pm Jun 11, 2026 12:59pm
It's been a long while and I've been mostly cherry picking my trades.

Hoping Next week I'd return to consistently trading and documenting my trades
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Let it turn and find your entry.
  • #35
  • Jun 12, 2026 12:17am Jun 12, 2026 12:17am
Quoting Intrepidpips
It's been a long while and I've been mostly cherry picking my trades. Hoping Next week I'd return to consistently trading and documenting my trades {image}
cherry picking is interesting because it usually feels disciplined in the moment. you are being selective. but the picks tend to cluster around emotional states, boredom, a good run, frustration, more than actual edge. do you notice a pattern in which trades you end up cherry picking versus which ones you pass on?
  • #36
  • Jun 16, 3:59am (37 hr ago) Jun 16, 3:59am (37 hr ago)
Quoting volarix
{quote} cherry picking is interesting because it usually feels disciplined in the moment. you are being selective. but the picks tend to cluster around emotional states, boredom, a good run, frustration, more than actual edge. do you notice a pattern in which trades you end up cherry picking versus which ones you pass on?

It's not actual picking some and leaving some.

It's not being available to take all the opportunities the system presents during your preferred trading sessions. I prefer the London Open which means I should be at my workstation before 8am but I might be there and there's no power in the building or i might have other things to attend to for that day and not go to the office at all.
Let it turn and find your entry.
  • #37
  • Jun 16, 4:01am (37 hr ago) Jun 16, 4:01am (37 hr ago)
Quoting Intrepidpips
{quote} It's not actual picking some and leaving some. It's not being available to take all the opportunities the system presents during your preferred trading sessions. I prefer the London Open which means I should be at my workstation before 8am but I might be there and there's no power in the building or i might have other things to attend to for that day and not go to the office at all.
Yesterday I was late for London Open and had to sit out the rally.

I got 2 trades in before a power outage prevented me from taking further trades..
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Now that's cherry picking too.
Let it turn and find your entry.
  • #38
  • Jun 16, 4:21am (36 hr ago) Jun 16, 4:21am (36 hr ago)
Quoting Intrepidpips
{quote} It's not actual picking some and leaving some. It's not being available to take all the opportunities the system presents during your preferred trading sessions. I prefer the London Open which means I should be at my workstation before 8am but I might be there and there's no power in the building or i might have other things to attend to for that day and not go to the office at all.
the availability thing is real. missing the setup is one thing but being mid session and losing access creates a different kind of frustration. does that frustration ever carry over into the next session or do you reset clean
  • #39
  • Jun 16, 6:05am (34 hr ago) Jun 16, 6:05am (34 hr ago)
Quoting volarix
{quote} the availability thing is real. missing the setup is one thing but being mid session and losing access creates a different kind of frustration. does that frustration ever carry over into the next session or do you reset clean

I generally quit after I see that several winning opportunities have been missed, but when it's a few signals like yesterday's rally I might still take the risk, but when emotions get high, I've learned to call it a day and wait till the next day with fresh nerves and emotions.
Let it turn and find your entry.
  • #40
  • Jun 16, 6:18am (34 hr ago) Jun 16, 6:18am (34 hr ago)
Quoting Intrepidpips
{quote} I generally quit after I see that several winning opportunities have been missed, but when it's a few signals like yesterday's rally I might still take the risk, but when emotions get high, I've learned to call it a day and wait till the next day with fresh nerves and emotions.

I got to the office early enough (before London open) I set up my workstation but was immediately hit with power outage (cons of living in a third world country).

The power was restored later after I'd missed the LO entry.
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The signal I took was valid but since my TP was a few pips away from the high, I moved to BE as price retraced back to my entry.
In back-test I'd have counted it as a win saying that I'd have held the trade through the draw-down and accepted SL or TP but I guess I was thinking of recovering the negative outcome of yesterday that I allowed myself to go against my rules. Price eventually reached mt TP before actually reversing.
Let it turn and find your entry.
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