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Renko Setup Testing
Renko Setup Testing
(4) BDL – Setup activated. 1% Return so far and counting…. No SL was hit..
(5) BLS International
#1 => Gt entry at #1. Gave 3% return after hitting the SL and taking away all the profit.
#2 => At #2, the SL of Trade #1 got hit. And then new trade was activated at #2 and then the
rally gave away 27% so far and counting.
#3 => Here we again got the entry.
#4 => No entry, but SL cud have been trailed to #4 from #2 to #3 and then to #4
#5 => No entry, but SL cud have been trailed to #5 from #4
(6) Bluestar
#1 – Entry is debatable, but the entry cud have been taken since the width of the moving
average cluster is so thin (due to crossover), so obviously we cant expect the brick to be inside
the moving average band. I am considering it a valid entry @ #1
#2 – Again gave an entry @ #2. SL from #1 can now be trailed to #2.
#3 – It again gave entry, but wont take the entry here because previous entry price is pretty
much the same.
#4 – Trail the SL to #4 (from #3)
#5 – Got stopped out at #5. After stopping out, due to reversal brick at #5 (blue brick), we again
got the entry and still the trade is active.
Returns –
1st Trade (from #1 and got stopped out @ #5) => 16%
2nd Trade (initiated @ #5) => 2% and counting.
(7) Britannia
#1 – Setup activated at #1
#2 – SL was not taken out from the trade initiated @ #1 (SL was 3 brick below the reversal brick
@ #1 including the reversal brick). At #2, stock reversed exactly from that level thus ,our SL were
not taken out.
#2 – Setup was triggered again @2.
#3 – Trailed the SL to #3 from #2 and trade is on. So far the return is 12% and counting.
(8) Cummins Ind
#1 -> Entry can be debatable since the brick is not fully inside the moving average band.
#2 -> Entry triggered @ #2
#3 -> Trade @ #2 is still active at #3 and SL wasn’t taken out since the SL was 3 brick (including
the reversal brick) at # 2. So we are still in trade, For sure the 3% profit made from trade @ #2 is
wiped out so far but we are still in trade.
#4 – Got another entry @ #4