Hi
A new idea just come to me.It's very easy and looks good so i post it here.Hope we can make it better.
This is renko chart with a fractal indi.
http://www.forexfactory.com/attachme...1&d=1350545366
you can see the higher-highs lower-lows and so on as the fractal tells you that.
I think we can do wave trade with it.
If we only care about last 3 fractal,say what will happen?
1:up-fractal,down-fractal,up-fractal.
2:down-fractal,up-fractal,down-fractal.
3:may be anything else.
In case 1,if the 2nd up-fractal is lower than the first one,we think it is an down-trend and we sell when the price break the down-fractal.
In case 2,same to case1 but we buy.
In case 3,we do nothing.
http://www.forexfactory.com/attachme...1&d=1350545366
this is the case 2.
http://www.forexfactory.com/attachme...1&d=1350545393
here we buy
http://www.forexfactory.com/attachme...1&d=1350545393
when to close?
so,when to close?IDK the best answer.close however you like and be kind to share the way you close.
mahanxiong
A new idea just come to me.It's very easy and looks good so i post it here.Hope we can make it better.
This is renko chart with a fractal indi.
http://www.forexfactory.com/attachme...1&d=1350545366
you can see the higher-highs lower-lows and so on as the fractal tells you that.
I think we can do wave trade with it.
If we only care about last 3 fractal,say what will happen?
1:up-fractal,down-fractal,up-fractal.
2:down-fractal,up-fractal,down-fractal.
3:may be anything else.
In case 1,if the 2nd up-fractal is lower than the first one,we think it is an down-trend and we sell when the price break the down-fractal.
In case 2,same to case1 but we buy.
In case 3,we do nothing.
http://www.forexfactory.com/attachme...1&d=1350545366
this is the case 2.
http://www.forexfactory.com/attachme...1&d=1350545393
here we buy
http://www.forexfactory.com/attachme...1&d=1350545393
when to close?
so,when to close?IDK the best answer.close however you like and be kind to share the way you close.
mahanxiong