Hi,
Here is my new method i want to share with you.
Our goal is not to follow the price and guess where the price is going, but to set a trap to the price and catch some pips once on 3 trades.
Each time the price move 50 pips up, i draw a green candle or a +.
Each time the price move 50 pips down, i draw a red candle or a -.
As Renko, this system does not take care about time, a candle is drawn when 50 pips are done whatever the time to reach it.
here is GBP/USD december :
-++++-+++---++--+---+---++--
or like this :
Here is my new method i want to share with you.
Our goal is not to follow the price and guess where the price is going, but to set a trap to the price and catch some pips once on 3 trades.
Each time the price move 50 pips up, i draw a green candle or a +.
Each time the price move 50 pips down, i draw a red candle or a -.
As Renko, this system does not take care about time, a candle is drawn when 50 pips are done whatever the time to reach it.
here is GBP/USD december :
-++++-+++---++--+---+---++--
or like this :