dax 15m
sorry I do not have my MT4 to post renko chart..
I hope in this target but fibo+tl doing some nice res
sorry I do not have my MT4 to post renko chart..
I hope in this target but fibo+tl doing some nice res
nescentia necat
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DislikedThank-you Dee and PhillipineFX for your continual support. Regarding this Price Cycle trading approach, I truly believe that you need to introduce an effective filter that will clearly tell you whether the instrument is trending or moving sideways. It stands to reason that if it is trending up, you only going to take up cycles and if it is moving within a range, you take up cycles when price nears support and down-cycles when hitting resistance. Taking down cycles in an up move is going to be a recipe for disaster in most cases as the down cycles...Ignored
Disliked{quote} I think, the best way of spotting Trend/Chopp condition of markets are still cycles - take average of bricks from OS to OB, as mentioned Philippine, 8-12 bricks is ideal, when you have more, switch to higher Renko, if less, switch to lower Renko, there is no reason looking for other Trend/Choppy filters. It is impossible predict choppy market or trend market with any indicator, only you are as trader able to do is accomodate. But everything what works for you is good Philippine, thank you for your screens, day by day I am starting see...Ignored
Disliked{quote} Honestly every couple trades I walkaway from the computer to clear my head...the nice thing about scalping is if you miss a couple trades the next one is often just around the cornerIgnored
Disliked{quote} Yes, I thought that it must be something like that ) Because you must agree with me in this - those scalps are everywhere, 123 + divergence, Fibo bounce, S/R bounce, double top/bottoms. And as you wrote, there is no reason to dig maximum from market everyday, high leverage and bigger lots can make you same salary as runners, so now I understand why you do not enter to every setup BTW, I can see on your setup a technical based entry, too, Divergence + 123 + BRN from 5 pips Renko. {image}Ignored
Dislikeddax 15m sorry I do not have my MT4 to post renko chart.. {image} I hope in this target but fibo+tl doing some nice res {image}Ignored
Dislikedheelo matomi for your 8-12 bricks per cycle ..do you count the red bricks also in an up cycle...cos sometimes it goes a bit zig zag before it really completes the cycle .Do you want to see 8-12 bricks in the 10 renco or 3 renco ??Ignored
Dislikedheelo matomi for your 8-12 bricks per cycle ..do you count the red bricks also in an up cycle...cos sometimes it goes a bit zig zag before it really completes the cycle .Do you want to see 8-12 bricks in the 10 renco or 3 renco ??Ignored
DislikedHELLO MATOMI i am still learning mt4 do not know how to post yet . .Ignored
Disliked{quote} .....folks do not worry about the exact count of bricks...there is no Ideal Brick Number .....instead look for a price cycle that had a nice correlation to the Oscilations of Stochs and Macd....just OBSERVE at first....eventually you will start to see and feel it.......go back to post 4456Ignored
Dislikedheelo matomi for your 8-12 bricks per cycle ..do you count the red bricks also in an up cycle...cos sometimes it goes a bit zig zag before it really completes the cycle .Do you want to see 8-12 bricks in the 10 renco or 3 renco ??Ignored