Disliked{quote} Do you have a better idea how to avoid nonstop viewing of your monitor?Ignored
-happyTrading-myFx.
retrace/breakout system 17 replies
Martingale Trading In Fibonacci Retrace With EA or Manual 2 replies
Midnight Retrace Journal 5 replies
Max movement without retrace 0 replies
Hedging the Retrace 8 replies
DislikedThere should be an indicator that alerts on renko candle closings. Do you know of any?Ignored
DislikedJust to let you guys know..i been using this method for 3 days on a live account. By the way, i changed R:R a bit. TP 50 pips and SL 100 pips (I will not encourage anyone to follow mine, PLEASE stick to POST 1 of this thread). 1st day - 50 pips TP hit 2nd day - 50 pips TP hit 3rd day - Closed with 25 pips (Don't want to hold till weekends)Ignored
Disliked{quote} This is the opposite of profitable money management. You can see this if you flip a coin 100 times: on heads take profit of 50 and on tails lose 100. Money management is critical in trading, and the only money management that will survive long term is always making more when you win than you lose when you lose.Ignored
DislikedJust to let you guys know..i been using this method for 3 days on a live account. By the way, i changed R:R a bit. TP 50 pips and SL 100 pips (I will not encourage anyone to follow mine, PLEASE stick to POST 1 of this thread). 1st day - 50 pips TP hit 2nd day - 50 pips TP hit 3rd day - Closed with 25 pips (Don't want to hold till weekends)Ignored
DislikedSorry, been busy with other stuff lately and unable to check this thread. TP 50 pips sounds good if you are checking the same chart using a lower Renko range value or other using signal confirmation before you open a trade... RR 1:2 or TP 200 pips may work well with less complications, but still, you have to check general market trend and watch fundamental events if you want to hold the position for that long to get to 200pips TP. I am thinking something about this and will try to develop a Trading system using Fundamental Analysis and Renko Chart...Ignored