Trying something new. I removed the 10 and 20 ema's and replaced them with a 14 SMOOTHED high / low chanel. ( Golden chanel) I have found that most of the time when the blocks pass through the chanel, some pips can be gotten. NOT ALWAYS. But more ...

Goldflight's RENKO strategy

Is anyone using IAM FX MT4?

IAMFX MT4

Trail stop hit with 12 pip profit.

Goldflight's RENKO strategy

Yes as with all systems, some days are good and some are not. Very important to watch PP's.

Goldflight's RENKO strategy

Trade i took after posting this thread. Price had moved through R1 on 1 min chart.

Goldflight's RENKO strategy

Spud fibo

Goldflight's RENKO strategy

Somtimes i use them for targets.

Goldflight's RENKO strategy

Myself i like the 5 pip block so i havent tried a higher block. I do look at a higher tf to get an idea of trend, and check on pp, and fibs.

Goldflight's RENKO strategy

I have found that the 50 ema isnt needed. The rsi bars line up when price crosses 50 ema. I was exiting when price touched 20 sma or crossed it. But now i am using pivot points on 1 min chart to help in opening and closing positions.

Trading Renko

Yes i am unemployed. When i started trading this day, it was going so well i couldnt quit.

Trading Renko

A- Took trade B- Watched for bounce off 10 ema C-Closed trade and watched to see if price crosses 20 sma D- Opened trade E F G- Watched for bounce off 10 ema H-Closed trade I- Opened trade J- Closed trade Guess where i went short? Am having a GOOD ...

Trading Renko

10 ema Blue 20 sma Red (center line of BB) 50 ema Dotted Magenta pj-over rsi 7-50-50 " " 14-50-50 " " 21-50-50 " " 28-50-50 5 pip renko block

Trading Renko

Works for me — This how i trade renko blocks.

Trading Renko

I thought you might like that. it has helped me alot today. And the 2 bar strategie,( if im using it corectly) just racked me up another 15 pips.

The Dragon

Thank you Jiva. Works great now. Not too sure how to use it myself, but am going to give it a try.

The Dragon

The DRAGON loves those fib lines...

The Dragon

I find those fib lines make great targets. then i wait to see what the dragon wants to do next.

The Dragon

Dragons play ground? — Hi jiva, I put this fibo indie on my chart and noticed the dragon plays around these lines. thought you might be interested. ( sorry i dont have a screen shot. i havent figured out how yet) Give it a try and let us know ...

The Dragon