Two trades today. First trade a loss of -12 ticks, and the second trade a profit of +25 ticks. Two trades, so I am done for the day. Here is the chart without the trades posted: image And here is the chart with the candles narrowed to make the ...

rocky reboot: revisiting rockypoint's renko HA with ema method

I read his book and really liked it. Most of it was basically lifted from Mark Douglas but there were a few points that were his own, for example, scaling into winners, as you mentioned. After reading the book, I joined his telegram. Very quickly it ...

Flying Dutchman

Well, all that really matters is that more money in the form of income is flowing to American citizens who will spend the money in stores and restaurants and car dealerships etc. So, I would argue that it is productive. I'm bullish on America. ...

Volman meets Burke or My journey with PA

The EURUSD today as I see it. The red highlighted areas are all long entries. As price was above yesterday's high, we were in breakout mode, so long trades only. Only had price either 1) close back below yesterday's high, or 2) reached and failed to ...

rocky reboot: revisiting rockypoint's renko HA with ema method

We're at 62.60% which is just a bit lower than the long-term average of 62.84%. That difference is likely all made up of those who decided to retire early in the pandemic. "Late Gen Xers" ... that would be people born between 1968 and 1970. That's ...

Volman meets Burke or My journey with PA

We are actually above the immediate pre-covid employment levels, especially in the all-important 25- to 54-year-old age group. US economy is doing pretty well, even if one doesn't want to admit it. It is hard to feel like we are doing well with ...

Volman meets Burke or My journey with PA

Potential for aa micro double top at the far right edge, but a short trigger would drop you right into yesterday's high again. A better short would be to wait for price to close two consecutive bear candles BELOW yesterday's high. Conversely, a ...

rocky reboot: revisiting rockypoint's renko HA with ema method

A lesson I got from Too Slow's threads on highest/lowest open trading: When price breaks out above yesterday's high or below yesterday's low and stays there, that is a breakout! I respect the breakout until it fails. Therefore, Iwould look only to ...

rocky reboot: revisiting rockypoint's renko HA with ema method

I'm the least original trader in the world. Everything on my chart came from or was adapted from someone else. "To steal an idea from one person is plagiarism. To steal from many is research." - attributed to many and I'm not sure who said it first. ...

rocky reboot: revisiting rockypoint's renko HA with ema method

Hi rocky! Someday I'll add back some other instruments. For now, I'm focusing all my attention on the EUR/USD. Thankfully, your method works with any market that is worth trading.

rocky reboot: revisiting rockypoint's renko HA with ema method

8 ema's are the original rocky ema's from @rockypoint's thread linked in the first post of this thread. A long, long .... very long time ago, I was working with the 34 ema bands as used by Rahgee Horner., who happens to be a commercial member of FF. ...

rocky reboot: revisiting rockypoint's renko HA with ema method

I would have taken any of these trades today if I were still under two trades and under my daily profit target. The shorts all reached my 12.5 pip profit target. The longs each would have resulted in no better than breakeven, and possibly losses of ...

rocky reboot: revisiting rockypoint's renko HA with ema method

image

rocky reboot: revisiting rockypoint's renko HA with ema method

+25 tick profit on this one was there for the taking. I'd be happy to be done for the day and then come back and do it again tomorrow. image

rocky reboot: revisiting rockypoint's renko HA with ema method

Short sell would be at the close of the candle noted in the chart: image Entry would be at or around 1.0911 and the profit target would be 1.08985. Stop loss 13 ticks, so this would be not quite the $2.08 reward to $1 rick. Adjustments must be ...

rocky reboot: revisiting rockypoint's renko HA with ema method

Thanks Ed, one of these days ... weeks ... months ... years I'll get it right!

rocky reboot: revisiting rockypoint's renko HA with ema method

rocky uses two different platforms at different times: Ninjatrader 8.0 Think or Swim by TD Ameritrade/Schwab

Williams%R, SAR X-over 15 minute candles

Suppose I were trading today, and rather than taking that long off of yesterday's low I had been delayed getting to my desk and missed that trade. What would I be doing now? Since price in BETWEEN the pivotal points, I would rely upon price action + ...

rocky reboot: revisiting rockypoint's renko HA with ema method

M15 and 5 Renko HA side by side, each showing the price activity from the Globex open through the time of this screen shot. image

rocky reboot: revisiting rockypoint's renko HA with ema method

This trade would have resulted in a +25 tick profit. I, myself, would be done for the day if I were home and trading. I'd probably still watch the market until the close of my trading windows at 11:30 AM EDT/EST because I find the focused ...

rocky reboot: revisiting rockypoint's renko HA with ema method