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We should probably start a new thread for this discussion. It will not last long in the vendor review section.
I watched the Renkokings info, interesting strategy, simple and clear and parts of it can be used to put together a cohesive strategy here that we can share.
Well said. Its important to respect most trading approaches out there. Most of them do not fit a persons style or personality but there may be elements that one can glean for it to be an extra edge they can use.
A separate thread would be great but could limit the amount of participation. Whereas all or any positive focused participation should be welcome to get as many perspectives as possible. Just my thoughts.
Are ninzarenko bars useable for our method? Other recommendations? If so what setting do you prefer? Why? Have you tested your settings? What markets have you tested?
My testing setting is the 20/2 NQ market with 120 or 200 ma. It gives later trades but less trades especially in faster markets.
The 12/2 gives a lot more trades a potential for more stops but does allow you to enter trades earlier.
Trend filter Recommendations?
Most trend indicators or drawing tools work well in a trending market..especially strong trending markets.
Are there times when it should or should not be used? Before or after reports, lunch time , open, close ect...
All thoughts , suggestions or complaints are welcome. FYI I can only test a limited number of markets and setting.
I trade a unirenko bar with a 4-10-20 setting, there is not a huge difference between unirenko and ninza renko from what I can see. Personally I look for as few confirmed entries as possible, I rarely take more then 3 trades in a day and prefer high confluence setups. I am looking at the ninza renko 20/2 and 12/2 setting now as well.
For trend I use a 8/34EMA channel with a 89 and 200 EMA on 3 time frames to gauge overall short and mid term trend.
I will trade only when the ema's are orderly and easy to identify. If I have to guess at the analysis of the trend I am probably not taking the trade. If the ema's are converged or the slope is flat I also will not be trading. As I am only looking for 1-2 good trades a day I want my entries to be very obvious and clear. Below is what I use as a "trend chart". I am always considering the trend because I do not counter-trend trade , that used to be a big problem for my results.
