I would wait for the last MA to cross then start trading all pullbacks to the MA.
AUDCHF I went long based on Renko Only. ...Two downfalls to this trade: 6 Brick chart looks a bit in a range and also the fact the 24 Brick chart has been very bullish and never corrected. {image}
I lost in this trade and re-entered.
Lesson =====Wait for correction on Higher box sizes especially if there is no volatility during the week bec of news.
However I renetered again and won. First 1:1 target was hit. And then moved stoploss for second target too early. 12 brick and 24 brick have corrected. I even exited early and should have stayed.
Very important lesson is to wait for correction on Higher Bricks and the opportunity offers itself and becomes rewarding.
