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Re: Trading Pullbacks System

Meyney, Tue Feb 15, 2022 3:51 am

Kareem115 wrote: Mon Feb 14, 2022 9:20 am I'm working on a Renko system for pullbacks. I run into this issue every now and then where it looks like the perfect set up, but instead it hits my stop loss and then goes into the direction I originally predicted or reversing on me all together. The yellow vertical line in this trade I entered on a sell, but it hit my stop loss. In this picture it went back into the direction I originally predicted but in some cases it won't, and continue to go into the opposite direction. Any suggestions?

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with renko you can not see the candle power PA, but even with renko it is possible to choose/be selective. I tried to explain this already many times and please friends do not pollute this thread with HTF indicators, do not trade when line a is crossing line b. When I see vertical lines plotted on HTF indicators when lines are crossing....pfff so we had an impulse down on renko, retrace, you could have entered yes, stopped out perhaps, but afterwards a retrace ABC pattern has formed testing the previous SD zone. This setup will repeat again and again on all timeframes. No idea which pair or renko you have on your chart but this is what I see atm. Best M.
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