Very helpful post for those who want the help! Thank you, LiboCop!

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

I'll be away next week on vacation. I'll pick up here again on Monday July 10, 2023. Good trading to all!

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

If I were still long here I would or would have cut this as close to breakeven as I could have at this point. The time of day and time of week does not make this a time or place where maintaining a position that has sat and spun for this long a high ...

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

So this is still long, with a micro double top in the buy zone and a double bottom at the lows of the buy zone. My stop loss would now be 1.09505, which is a terrible stop loss as it is basically at the mid-figure, but that is how I'd be trading ...

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

A reminder: In this thread I am sticking to a specific trading plan that limits my ability to do harm to my account: 1) If first trade is a 25 tick winner, I am done for the day 2) If the first trade results in anything other than a 25 tick profit, ...

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

M60 traded through the open of the M60 reversal candle so BUY signal: image And buy signal on the rocky template with a two-legged pullback into the 34 ema's image

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

M60 looks bearish, but if price goes back up through the open of that bear doji (I call any candle where the body is 1/3 or less of the canle a doji), that would probably correspond to a 34ema buy signal, and it would open the way for price to go up ...

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

So long as price hasn't reached yesterday's high, I'd trade any bu;ll signal that is above the 34 ema's. There is now a lower high, and price is breaking below the 34 ema's, and the London close is just over 30 minutes from now, so maybe price will ...

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

Long triggered, stop loss would be 1.09555 and would have been stopped out as I type this. image

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

Deeper pullback, but still above the 34 ema's, so I'd same type of buy signal: bull doji+2 bull candles closes >>>>> market order long. image

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

We have the doji, now this current candle has to CLOSE as an H-A bull candle, and THEN the candle after it ALSO must CLOSE as a bull candle. At that candle's close (the second bull candle) I'd enter a market order to be long. image

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

All three trades were good for the 25 tick profit target I Use on these trades. Currently another pullback into the 8 ema's. As with the last long entry below this level, I'd wait for 1) a doji (preferably a bull, i.e. blue doji) and then I'd buy at ...

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

This is why I prefer the rocky renko method over time based Heikin-Ashi. For time based charts, I prefer tradition Japanese candlesticks. image

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

All the more reason for people to look into the ninjatrader platform. There is a free version, and I do nbelieve they offer forex data. The rocky method is really best using the renko/Heikin-Ashi combo, imo. I have spent a lot of hours observing the ...

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

Thanks for the heads up. If someone is interested, he shouldn't let the difference in trading platforms discourage him.

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

New long signal triggered ... target as noted this morning is at least yesterday's high. image

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

Pullback to the 8ema band, then bull doji, then bull candle (candle after doji). If this second candle after the bull doji closes as a bull candle, that is a new buy signal, and I would be ready with a market order to go in instantly long. image

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

Price "rippin' and reachin'" for yesterday's high. I did not take the second entry that I annotated on the chart. The entry is similar to the initial entry that I did take. The Heikin-Ashi candles print a little "micro" double top, and then a new ...

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

Here is the M60 chart and how I configure it to serve as a reference while trading the rocky ema system. I will also use this same chart template and track the M15 as well during the New York session (8:00 AM to 12:00 PM EDT/EST). I started tracking ...

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

I wish I could help you but I'm just not at all familiar with the MT4 or MT5 platforms. Have you reached out to LiboCop in rocky's thread or through a private message? He might be able to help figure out how to fix the problem you're experiencing?

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