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