Simple_Renko

Simple_Renko Updated 

See callout bubbles. We have a few options here. We can either go Short in the zone above, or join the trend and get Long if price shakes down a little bit and gives us our entry. I'm selecting Long for this Idea just because it coincides with the current trend. Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. Here are two possible setups for this pair. Let's see if we can join the current short-term uptrend, or possibly wait to go short up at resistance. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. Looks like XRP is setting up for a nice breakout ; ) Hope this is helpful! ; ) Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. I'm currently short EURNZD. I want to see 1.6700 break and then catch the bears in this bear trap and grab some pips to the upside. The move from this zone was very nice, so I'm expecting buyers here. Who's with me?! Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles for explanation ; )

Simple_Renko Updated 

See callout bubbles. The demand zone below price looks like a pretty solid place to buy into this trend *if* price gets back down there... Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. We'll need a little bit more strength out of the AUD, but if the markets wants to come all the way up here, I'm expecting some sellers in this area. Target #2 will be flexible. Target #1 is solid at about 2:1 risk/reward to pay for trade. Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. On Friday, major amounts of capital moved into LTC with incredible gains against BTC. Of the three 'major' cryptos, LTC had, by far, the strongest move. This tells me that crypto capital, perhaps due to some uncertainty in the BTC market due to futures trading on the CME and CBOE, is finding it's way to some of the cheaper, 'lighter'...

Simple_Renko Updated 

See callout bubbles. If we get filled with the green zone, this trade has quite a bit of potential, I believe. I might even consider more aggressive entries higher... Here's a setup for Long NZDUSD. Hope this was helpful! Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. Oil is in an area where we can expect some resistance, however, the trend is Up. Could CHK be following the uptick in Oil? A reverse head and shoulders pattern seems to be forming just as price fell right into a nice area of demand. Let's get Long! Always measure your risk and be okay with being wrong ; )

Simple_Renko Updated 

See callout bubbles. I entered EURUSD long on 12/8 and have so far collected 1/2 of my position. Stop moved up to Yellow line. If the market comes to Yellow line, I will be 100% closed out. Plenty of event risk this week with the EUR and the USD, so I'm watching this pair pretty closely to see what price does. I would love for price to continue upwards and my...

Simple_Renko

See callout bubbles. Overall, even though the uptrend for USOIL and UKOIL is intact, beware because price is coming into some areas which could be met with some heavy selling... Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. USOIL still has some work to do in order to get through the higher time frame supply level, but as of right now, we are looking quite Bullish. Be careful taking Long positions until we see how price reacts to the red highlighted area above. Always measure your risk and be okay with being wrong ; )

Simple_Renko

See callout bubbles. XAUUSD looking very bearish right now. Beware taking Long positions outside of highlighted areas...

Simple_Renko Updated 

See callout bubbles. Price just came into an area which I believe Bulls want to hold up. Do they have the strength to take us up to $11.00?

Simple_Renko Updated 

See callout bubbles. Price making higher lows. Sellers not really able to push price down. Can they be running out of steam? Are we getting close to a breakout? Let's get Long and buy a ton of these little guys while price is offering us a great deal! ; )

Simple_Renko Updated 

See callout bubbles and text. Yes, we've been in a bull trend for many years now, but until overall sentiment on SPX500 flips, do not try to go short. You will probably get burned. (Unless you are aggressively taking profit!) I hope this helps anyone who may come across it!

Simple_Renko Updated 

See callout bubbles. I expect the trend is shifting with Oil. Here are some areas to look out for ; )