Brexit shows the wayBreak of support= Short
New lift=Long
Short to renko support
Long to advised or jump off if Renko crosses MA8 and closes one box below
Renko
This could be setting up to a very simple and profitable trade
For confirmation, use renko 1h + MA8 crossover.
Hold until renko negative crossover MA8
CCI seems to point to when its GO! just keep an eye on it
Its a clean and simple setup, you should not be able to do wrong here.
Company has attracted new investors and something is brewing, new members of board to be elected 21 june 2016.
Please do your own research on the rest.
www.intexresources.com
Double bottom is about to build in 0,4 area.
If you use geared broker, be carefull not to put SL too close
Sorry that Renko does not show progress, but you will see in right window.
Happy trading
EURUSD Downside Risk Still Favored Until This ChangesEURUSD momentum is still firmly to the downside at the moment. We are looking for opportunities to short unless we see momentum shift to the upside. If price crosses back into the range of the previous Renko bar based on the daily ATR(52) 92 PIP box, we will close any open short positions. Our bias will shift to long if we see a bullish Renko bar close on this chart.
Crazy attempt : Elliot wave on a Renko chartHey I got this crazy idea of doing a EW count on a Renko chart
Renko chartsNew to trading renko charts.Trading on the renko 1 day chart with a SMMA 4 and MA 9 with Ricardo Santos support and resistance seem to getting quite good results.use a RSI 14 as well to give the extra confirmation.
Possible breakdown in EURUSDPrice has been sideways but is developing a downward bias. Two targets for med and longer term.
EURPLN - PA heading towards level 4.37. Ichimoku and RenkoThe pair is currently bullish and will soon reach a level that it tested back in the mid of December. If it breaks this level, it may head towards the next Fib level (4.438). Note that the cloud is steeper in this new attempt and the PA may have enough force to break through. In this case, a long entry could be foreseen.
EURPLN - Trend analysis using RenkoRenko is fine to check support and trend as it removes time from an already too complex equation. For the EURPLN pair, we clearly see the supporting diagonal for the last 8 months. We also observe that the bounce of this summer is repeating right now with a similar intensity. By copying the pattern of this summer, we may expect a small correction towards the (C) point and then waves heading towards the high of end 2014 (which was subject to a testing attempt in december). This opens opportunities for a long trade as soon as the correction is over.
Tesla Stocks Renko Nearing Cloud Exit.On the daily 2$ Renko chart, TSLA is nearing it's exit oft the ichimoku cloud. This is a good sign for bears and would serve to be a profitable entry.
Enter Short If:
- 1 Renko box closes successfully under the cloud.
- Renko is below the Tenkan-sen
Exit::
- Trailing stop set 2 to 3 boxes behind entry.
working on a new system ! working on a new system with ranko would love to have your idea ! it 's day trading system ! The basic are above the 89 ma ( red line on the chart ! ) looking for a long below the red line looking for short , need 2 more criteria before entering , Will need two red brick to enter short and 2 green to enter long , I will need to macd in my direction or at least loosing momentum . rules of exit are as follow will need a brick in the other direction to exit the position , 2 brick if I more than 8 bricks in the money , I would to for you to tell me what you think :)
as always don't hesitate to come by our group and drop a hello : www.facebook.com
Simple Renko/ Donchian setupWas waiting for the uptrend to regain steam again.
Previous resistance of 95.40 is broken.
If the 96.35 level also breaks I will enter a new long position.
Comments/tips are appreciated.
EURUSD SHORT (Renko Chart)EUR weakness prolongs,
USD started the week like any other week since ~1.28300 (21 Oct)
I don't expect much volatility. We have news on Thurday (USD - Unemployment Claims) on the 13th of November.
Short until then.
New Type of Indicator. Renko Overlay Bars.CM_Renko Overlay Bars V1
Overlays Renko Bars on Regular Price Bars.
***Color of Renko Open and Close Lines Change Based on Direction.
Default Renko plot is based on Average True Range. Look Back period adjustable in Inputs Tab.
If you Choose to use "Traditional" Renko bars and pick the Size of the Renko Bars the please read below.
Value in Input Tab is multiplied by .001 (To work on Forex)
1 = 10 pips on EURUSD - 1 X .001 = .001 or 10 Pips
10 = .01 or 100 Pips
1000 = 1 point to the left of decimal. 1 Point in Stocks etc.
10000 = 10 Points on Stocks etc.
***V2 will fix this issue.
