Had a nice premarket MNQ Order Block trade today. If you haven't already you must check out the great training from Jim Simmons in the Academy it is AWESOME!
This trade was a great example of combining classic order block theory with the precision of Renko S&R and tight risk control.
Setup & Entry:
I identified a key order block on the candlestick chart after a strong impulsive move up into previous supply.
On the Renko chart, I was able to fine-tune the top of the order block to align it more accurately with price structure.
The entry came right as price tapped the refined Renko order block area
Confluences:
The order block lined up almost perfectly with a Renko S&R level, providing extra confidence.
I kept the stop just above the OB zone to give the setup room but limit exposure.
Exit & Risk Management:
Target was set for a clean 1:1 risk-to-reward trade.
Why I Took It:
The combination of smart structure precise entry refinement on Renko made this a high-probability scalp opportunity.
It didn’t need to be a home run.
Another solid trade using the OB + Renko S&R method!