Renko Trading Journal - Page 2
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Thread: Renko Trading Journal

  1. #11
    Quote Originally Posted by ;
    Hello Chris,
    Nice to see renko is growing more popular, I'll follow your journal.
    I also utilize renko for trade but possibly it's greed maybe it's late enrties but I'am close BE all the time I mean that I raise my account form 100usd to 150usd using the 10p TP and then 1or2 losses and account is back to it starting balance. For a few ppl renko at first sight can be very easy but that is not so. I expect we all will find the way to secure our earnings and surplus it.
    Hi Soondoock...
    since I said trading Renko is not so straightforward. . .my second trading day is the ideal example. .

    I started with a trade on GBPUSD and using a trade on EURJPY
    GBPUSD gave me 10 pips, but EURJPY gave me a 20 pips loss. . .even if I was right on the direction my stop was struck... that has take me at two or three revenge trades. . .that have destroyed my own trading day...
    So...I have spent my entire day to breakeven....
    I'm not satisfied of this second day!!
    I've made some stupid mistakes....most of all psicological mistakes...
    Anyhow I was able to recover my account from my minimal of now (9.589$) to 10.151$...


    ACCOUNT START: 10.000,00$
    ACCOUNT BALANCE: 10.151,24$
    ACCOUNT percent CHANGE: 1,51percent

    Absolutely I must get rid of revenge trades. . .and open just 1 trade at one time!!

  2. #12
    You Absolutely right.
    Well to tell you the truth I tries to trade 3-4 pair EURUSD GBPUSD USDJPY and EURJPY. But now I understand that not all pairs are all suitable to trade Renko due to PA it might seem ridiculous because Renko is PA itself. But in the moment I use only USDJPY. It seems the simplest to follow fad. Yesterday was a rally for much more then 100pips. I caught only 10.

  3. #13
    Here I'm!!

    3rd day of my journal...
    Again...I am not filled with my trading afternoon...I have made too many errors...
    Bat I am satisfied because I managed to regain the account. . .even if I had to work hard. .

    My drawdown regular occours at the wrong hours. . .when it must be better to not exchange. . .so starting from tomorrow I will be selective in my trading hours. . .best chances, because you can see from my trades list, are constantly during the overlap between London and NY sessions. .

    Anyway. . .still profitable!!

    ACCOUNT START: 10.000,00$
    ACCOUNT BALANCE: 10.279,63$
    ACCOUNT % CHANGE: 2,79%

  4. #14
    Hi Chris?
    Have you posted your tpl. ?
    Cheers

  5. #15
    4th day of this journal. . .quite a perfect day!!

    After 2 days of hard work to recover some losses. . .today with just 1 commerce I've made over my daily goal. . .and this is the way that it would need to be regular...
    and discipline are the key!!

    The commerce is currently on USDJPY.
    The downtrend started in the center of London Session...
    I waited for USA news....bad news for USA so for its ...
    USDJPY has begun again to return...I waited to get a little retracement of 2 bricks...8 minutes following the news. . .and I took the commerce on the reversal turning again. . .fast 15pips

    PLEASE NOTE: Today I was using a different template, with 5pips renko bricks, nonlagdots indior, and beneath the chart. . .Osma at default settings and Momentum setted at 8.
    I'm testing this template because it's been suggested to me straight by the founder of first Nitro egy
    Anyway the indys are just some confirmation tools. . .entering a commerce based ONLY on indys can be harmful...
    Today was the perfect example of a renko trading day, patience, discipline, market sentiment, correlation with different pairs such as sonfirmation, technical setup...

    ACCOUNT START: 10.000,00$
    ACCOUNT BALANCE: 10.431,79$
    ACCOUNT % CHANGE: 4,31%

  6. #16
    Quote Originally Posted by ;
    4th day of the journal. . .quite a perfect day!!

    After 2 days of hard work to regain some losses. . .today with only 1 trade I've made more than my daily aim. . .and this is how it would have to be everyday...
    and discipline are the essential!!

    The trade is currently on USDJPY.
    The downtrend began in the middle of London Session...
    I waited patiently for USA news....bad news for USA so for its ...
    USDJPY has started again to return...I waited to get a small retracement of 2 bricks...8 minutes following the news. . .and I took the trade on the reversal turning...
    Looks pretty good so far Chris, congrads.

  7. #17
    Here we go...

    Day 5 of the diary. . .and end of 1st week...

    3 transactions today...
    I've been cought in a false breakout on EURUSD to get a -18pips loss

    Then I've waited for Wall Street open. . .easily recovered the loss and made my target with 2 reversal transactions. . .on USDCAD and USDJPY.

    I am discovering that USDJPY is a fantastic pair. . .when it begins to maneuver it moves quite nicely. .

    So the result for its first week is 530$ that signifies 5,30 percent...
    My aim of 10 pips average per day means 1 percent per day, so...5% each week. . .so I am on track for today!!

    Cease trading for this week and I expect next week to stay profitable...

    Good weekend!

    ACCOUNT START: 10.000,00$
    ACCOUNT BALANCE: 10.530,50$
    ACCOUNT % CHANGE: 5,30%

  8. #18
    Hi Chris B

    Congrats on your Initial trading week with Renko.

    I am a newbie to Forex however I am really liking the Renko system.

    I've looked everywhere on the web for live daily Renko charts.

    Is there some site that you can recommend where I can find these or do I want to download software for this?

    Any information would be appreciated.

    Thanks

  9. #19
    Quote Originally Posted by ;
    Hi Chris B

    Congrats on your first trading week with Renko.

    I'm a newbie to Forex however I'm really liking the Renko system.

    I've looked everywhere on the net for live daily Renko charts.

    Is there some website which you can recommend where I could find these or do I need to download software for this?

    Any information would be appreciated.

    Thank you
    You can find everything on forum that you simply search bad.
    To make it effortless for you this is all you need to trade it with step-by-step eduion read it from first page to the last one. And read this thread
    https://www.forexforum.co.za/trading...d-betting.html
    https://www.forexforum.co.za/attachm...9616160457.zip

  10. #20
    Quote Originally Posted by ;
    There are everything on forum you simply search bad.
    To make it effortless for you this is all you need to trade it with step-by-step instruction read it from first page to the last one. And also read this thread
    https://www.forexforum.co.za/cryptoc...-3-digits.html
    Attachment 393346
    Hello Soondoock,

    Thanks a mill for taking the time and submitting that information. I appreciate it.

    I am gonna take a look at it today!

    Have a good weekend.

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