How To Trade Forex Profitably
When high time comes you will place a buy stop above resistance and sell stop below the support. Choose forex pairs you are going to trade for the event. If you want to be successful with this trading method you have to know how to select the best candidates for your trades. There are some important facts you have to know about Forex trading, before you start learning and trying it. Forex is not a get-rich-quick scheme. You can become rich through Forex trading, but it is not a get-rich-quick program. To make money through Forex trading, you have to learn and master it and this needs spending some time and energy.
I am not the owner of this thread, I am just a part of it. I intend to share my trading here but the purpose is to bring all renko traders together.
Additionally, CySEC happens to be the main regulatory body for binary options traders.Traders in Europe also have the option of trading with offshore binary options and Forex brokers. This leaves European traders with a multitude of options, with regards to both online and offline binary options and Forex trading.
Two everyday examples of supply and demand in action are with the recent Strawberry prices in Australia (I love strawberries). trade in the levels of supply and demand forex
I have probably read most threads on renko here and I think, based on traders' performance, and my performance, Renko trading is the way to go. What I want is a social network of renko traders to share ideas on how to profitably trade off renko bars.
My system is pretty simple, I use a renko of 13 pips, offset set to three and wicks being displayed. Add to that chart a 5EMA (Typical [HLC/3], shift 2). I also add stochastic 8,3,3 in the equation (close, linear weighted) A simple MA89 may be added; Renko loves it. Here is a snapshot: Its rather simple to say the least, Just look for price to go above/below the yellow line (5EMA) and Stochastic to be oversold/overbought and crossing and you are good to go. Exiting at the next reversal signal would be ideal although other methods can be employed.
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I will be logging my trades here so that we can discuss renko trading and how to do it. I am not a pro and my call is 'all hands on deck' fo renko traders. 
Lets start trading and discussing Renko. Hi Iang Not sure if you are still around but I have just discovered Renko charts and agree with you 100%. Also I figured out that a 5ema with stochastic is a perfectly good system.
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Never considered the TDI.interesting. I wrote some rules and would like to share. Renko Rules Down rules; After a green run up of min 3 candles and ending above the 5 ema we watch for a white candle to form above the 5 ema and see if stochastics has crossed over (taking into account angle of descent and near or above the 80 line). Stop goes above last green candle and is moved to BE after one more white candle, (or if a green shows up cancel the trade) keep moving stop above each white candle until stopped out or stay at BE until a green candle forms on or below the 5 ema. This is the signal to go long (on the next green candle) if stochastics is in agreement. If you get short and stopped out by the next candle being green you can re-enter if that green candle was above the 5 ema and the next candle is white above or below the 5 ema and stochastics is still crossed down-Only do this once, then have to wait for another setup. Hi Iang Not sure if you are still around but I have just discovered Renko charts and agree with you 100%.
Best Way To Trade Forex Profitably
Also I figured out that a 5ema with stochastic is a perfectly good system. Never considered the TDI.interesting. I wrote some rules and would like to share.