Mini Index - 3 Confirmations Before Entering (Renko 15R)

[00:11] capture excellent confirmed operations with an indicator and to operate a renco chart, obtaining excellent performance. Welcome to our channel! My to subscribe to the channel, activate the bell to receive notifications, and if you

[00:25] like. From now on I will share my screen and give you simple, objective operational model, with plenty of confirmation that will enrich your knowledge regarding day trading operations. Come

[00:38] applying this operational model is to configure our chart for the 15R, which is the Renco chart, right? So all you have to do is click here in the middle of the So all you have to do is click here in the middle of the screen, type 15, and it will give you the option of

[00:51] 15. Once this option is applied, we will then ; some tools are important so that we can operate. Right-click and we 'll insert

[01:04] a moving average here on this chart, which will help us with the trend during our trading. So, to insert an indicator, So, to insert an indicator, let's insert a 50-period moving average

[01:16] . Give it an OK, and it will be added to the chart. So, moving average inserted here. Let's give it a little tweaking. I'll leave it at thickness two. And we already have the average. We will also insert an indicator into our chart. In the search bar,

[01:33] set the ATR stop, and also insert it into the chart. Then you can double-click on the ATR stop line. And we're going to set up two important pieces of information here within the ATR stop. The deviation is set to two, we'll

[01:48] set the deviation to one, and the period to 10. That's OK. He's going to adjust the ATR stop for us right now. Another very important piece of information: we need an indicator down here, which is the RSI (Relative Strength Index). Right-click

[02:02] down here, which is the RSI (Relative Strength Index). Right-click on the chart, insert indicator.

[02:16] click on the orange line and insert a insert a standard 2 MV color into that line. more visually appealing. Put it in three, and from there we'll work with that information

[02:32] there we'll work with that information within our operational model. prepared chart here. We will need to apply the first classic rule within the rationale of our operations . We will always operate

[02:46] using the 50-period moving average as a baseline. So, this is quite important information. This 50-period moving average is used to indicate the trend. So, try to trade mainly when you are above or below it and when it

[03:00] is directional. So, it has to be pointing in that direction, with the average falling. She's telling me that the market is moving in a selling direction. When it's pointing upwards, it's in the

[03:13] buying phase. Avoid operating if you are above it and it is horizontal. So, the trend isn't very well defined. This will be great for confirming first look at potential purchase triggers. Let's say the price started

[03:28] purchase triggers. Let's say the price started trading above the 50-period moving average. From there, I'll look for information where the chart gives me trading opportunities, represented by the color green. So,

[03:41] for example, I'm not going to disregard that first move. I'm going to observe a change in the polarity of my indicator here. So, my indicator came out here in green. My ATR stop light came in green, then it changed to red. And

[03:54] question I ask myself is, am I going to operate with this change here? operate with this change here? No, at that moment, because it changed to my price is trading above the 50-period moving average, so I'm only going to

[04:08] buy. So I'll always look for it when the change is to the color green. So notice that I have this change here, in this box, a change in the polarity of the stop to green, being above the 50-period moving average. And the next confirmation is whether, at the

[04:24] time of this polarity change, my RSI is in green. Let me grab that tool, it shows me the match, look. It is green. convergence in the 50-period moving average, and I have convergence in the ATR. So I have an

[04:40] operational trigger at this point. If I have a trigger for an operation at that point, I will make my entry from there. So, most of the time, I'll hold, and as soon as I see this change here, I'll place an

[04:53] entry, either by placing an order right above the box, or by placing a market order. So, my order will be more or less at this point here. My stop loss is always placed at the low of the previous trading session, at the low of the movement. In this

[05:07] case, it's very close to the 50-point average, which gives me greater protection, representing a risk of 270 points for a target of 270 points as well. Following the logic I like to talk about here, I made my entry, my price is up

[05:21] here, it moved, it got close to my target have a single contract, or if I have more than one contract, I'll start making partial profits to protect my trade, right? So, always working with protection.

[05:36] wait for a new trigger. It usually happens like it did here, look. I'm going to have a polarity change to red, being above the average of 50. So, I have something like a zeroing on my trigger. So, I'll

[05:51] A correction was made here. If I have a polarity shift to green, I will already be ready for a new entry. It continues in red. Now I have the change to green here at this point. So I have an entrance

[06:06] here. My stop loss is set at the low of the previous box, and my projected target is the same risk level upwards. See how he activates my trigger, comes, makes the movement, and catches my target up there .

[06:21] In this case, two trades following a management strategy, two idea is to work on two profitable trades there. The operation ends, a positive trade, a negative trade, make another one. So, set up the management in the best way possible.

[06:35] Here I have an opening to a new day. The movement here will remain this yet, the market is opening, he doesn't have a position yet. So, in an opening, we don't only operate when there's a change in polarity. Oh, in this case

[06:48] , if the average of 50 is above, then I'll always think about selling. When I have sales activity, I have a box that is green. If I have a red box next , then I have a possible entry trigger. In this case, the

[07:02] correct. I'll place a sell order just below that box and my stop-loss order just above it, so I 'm ready to make a trade right at the start of the day.

[07:18] remained largely sideways after the opening. Here's the criterion I always comes close to the target, I can take a partial profit here and protect my position. This is one of the approaches I might be taking in my operation. Notice that it

[07:32] went back down, which is why I would have already exited the trade if I were hedging, right? The market moved sideways for a while and finally came to my target. There are a opened, and you got in. This movement is very fast, it

[07:47] happens in about a minute and a half, two minutes at most until it reaches my price, works with fast movements. In this case, the target was identified here, operation, OK, I'll do it here. The

[08:00] next step is to wait for the new trigger after I've caught my target; the trigger downward trend, I'm waiting for this here, a turnaround in continuation pattern or a

[08:15] don't do anything because it's below the average of 50. Except observe, then it gives me red indicator, below 50 I have a trigger here. Below, if you activate it, I

[08:27] will be in the operation. Notice that he's capturing my operation, my entry, right? Make the lateral movement, stay sideways like at the beginning, maneuvering, come and get my target here. Well, the stop here is always good to look at the

[08:40] box's high, leave it 10 points above, in the case of the index, right? so that my target there, so in one day, two very quick trades at the beginning of the day, already hitting the target. Here's a very important tip: take this model here,

[08:54] work with it, test it, apply it, do replays, test it extensively, and of course, adapt it to your operations, adapt it to your way of operating, to your operating profile. It's important that you're comfortable with the operational model, and once you're

[09:09] familiar with it, then you adopt it, refine it, and put it into practice, following the same idea. What else can you do next? Just wait for a new hands me a polarity change to green, so

[09:24] next. He made this change here. I quickly place my order at that point, my stop loss at the high of the price movement. It activates, it comes close to the target. Here I would already be protecting myself, I would already be partially securing

[09:39] more contracts and taking my total down there. Once again, a very comfortable target. In this case, there was a change in polarity, the red came in, but if you observe, look, white, green, it's in a

[09:53] nothing can be done, right? The price is already moving sideways there, so there's nothing to be done until I'm sure about my trading trigger. In that the polarity, and here I have confirmation of the indicator in

[10:10] red, a change in polarity. I have the minimum entry trigger for the box; I have an entry and stop above the first box. If he activates it, then I already have the trade. Oh, in that case, he came and stopped me. So, we had a stop-loss order on that

[10:23] trade. In this case, I have a polarity change above the average of purchase. As for my average, it's sloping downwards. For us, this already presents a greater operational risk. It's also important to note this: the slope of the

[10:36] have the trend working in our the average to also slope upwards, favoring our entry potential. Right here at this point we have the

[10:49] indicator turning around, with the price moving below the 50-period moving average and the RSI in the convergence in the movement of my indicator. So at this point I have an entry trigger. I place an order, I set the stop loss, I

[11:02] set the target, it triggers my entry, it comes in and takes my price down here. Another trade confirmed and hitting the targets. In starting to slope upwards. Then I have stronger confirmation of the

[11:17] indicator's reversal entry. At this point I can already consider a stop entry in the previous box and the target projected upwards, the entry is activated, the movement comes and it hits the target up there . So it's important to be

[11:32] above or below it, but also its slope. It's a model that, by gathering operations. Zé, I told you it's a model that allows you to identify excellent operations. I truly hope

[11:45] contributes to your learning and growth, and if it really did Thank you for watching this video, and I ask that you notifications, leave a like if you enjoyed it, and leave a

[11:59] help you in any way? Had you ever seen a model similar to this one, or had way before? Leave your comment, I want to know your opinion. On my end here, are practically two complete [music] lessons that I believe will also help

[12:12] in the same way. Warm regards to all. God immensely blessed your life. Until God immensely blessed your life. Until the next video.