This is what the new chart will look like with renko and heiken candles together. Size of boxes and length of moves will be determining entry. Still have to see real time what the c andles look like when a reversal happens. Also there will be a zoom one time of the chart to look at a candle to keep us out of certain trades. Stand by.
If you guys can't see it already. There is a specific thing to notice when a reversal happens with this method. Won't tell you now, keeping it a secret till live trading starts...but look closely...if you guess right I will tell you.....Hint: It will determine entering or not trading the reversal
There are about 5 trades on the above chart that we would enter with the old rules that we would not with this new system. The whole key is to eliminate as many losses as we can. Although those 5 trades would have still been winners with the old system.....make it perfect as you can as I have always said....
I also do not want to get anyone's hopes up...but you are definitely going to need an indicator of heiken ashi to change the width of the heiken candle......
Squares are non tradable signals. Notice the size....you need a big blotch to enter. That saved us a move against us(not a loss) with the old system. This most likely requires 2 candles to move our way to enter. Circles are regular entry with a possibility of a small loss exit when it reverses against us right away.
And if you look on the zoom it is a spinning top heiken in there. That kept us out....the size and the candle look......you are going to have to find a heiken indicator that you can adjust size to fit this trading system.
Knowing a system works +70% of the time is a beautiful thing.....factor in break even trades and small losses makes it even more inspiring....don't focus on profit...focus on odds with risk management.
Also testing if price moves against us right away....instead of a break even allowing price to move above or below one box for an exit loss or let it continue for profit on the reversal exit candle. Many charts to test before I confirm it.
