This is the last usd/cad chart.....with the new system and the eleven box movements there is not one single loss. All wins and break evens...This has massive potential. I will continue to test and change it to my liking and more accuracy. 2 pip boxes
I monitor these charts pretty steady when I trade. If you notice most of the time if there is a trade that moves quick most of the time you still have the potential for a small win break even, and even sometimes more profit than expected.
update to the above. I wouldn't trade the arrow after the box. Break above 200, but the 2nd one I would following pattern recognition. Didn't feel like editing chart.
I always wondered if big banks and trading firms look for information like this. I have made plenty of money in my years trading my TMS system from Big E. Still going strong and always have a tad bit of fear thinking they may change the movements of the market if too many people notice how the market moves, but if you look back decades of trading charts, it seems like they don't. That's why I put information out here. Spread the wealth. Because no matter how much free info you give out. Psychology and greed will get the best of traders.
Another key to the system is noticing the volatility of the market. Can you sit and trade? Check the market every 5 or 10 minutes? Every hour? Trailing stops of 2 and a half boxes are a good practice. It allows you that 3 box move and break even chance if the market moves against you. But best advice is monitor the chart as much as you can.
Another tip. Check how the renko box size is trading in correlation to time. Your eyes will do you justice. You want hours of movement showing or a day or two. Unless you want the longer term trading. I prefer screen time with this system.
This is BEAUTIFUL. Here is one thing I forgot to mention when you can exit before the 11 box rule in this chart. Watch and learn all money! Amazon dollar box moves.
Another added tip....If you get a signal and price moves away from you; for example another 4 or 5 blocks.....then a 2nd setup happens in the same direction.... you do not enter...you have the option to get out with a smaller loss then the full 11 box stop out with the exit rule.....(which price may have moved 11 boxes away from the initial first setup)...but the second entry increases the 11 box distance now....or wait for price to come back to the first setup location for break even or profit......this will very seldom happen. but it is something to remember to increase your odds of winning/limiting loss.
When you are looking for instruments to trade always do a quick scan back on each chart, about a page back is enough; look for a clean chart with good moves up and down. Not choppy markets. Trade those. Look over as many as you can to get those odds in your favor even more.
