Renko Footprint Bricks & Strategy (Order Flow)

P.O.C (Point Of Control) Within Renko Footprint Bricks

It is time to address something that I overlooked when initially setting up my Renko Footprint chart and setting up the thread. A big thank you to Rick for pointing this out to me! That is, having the P.O.C visible on the Footprint chart, specifically on each Renko Brick. There are several reasons on why this is important:

 

1. Allows us to see where Value is within a Footprint;
2. Allows us to see where the biggest market participants were trading;
3. Gives us a more relevant//important price when seeing if price is being accepted, compared to a regular candlestick closing price;
4. Allows us to see shifts in Value (or not) over time.

Here is what RickM said on the matter a few replies up: "I am also a fan of all candles having their POC visible. The "Point of Control" allows me to see where the big money is positioned in each candle so its therefore a strategy JUST TO FOLLLOW THE YELLOW (P.O.C) ZONES and use them for Trend following or Rejection."

So far in my testing (and now trading) a singular P.O.C over under a MA or S/R level is significant > several is more significant > this and all the other confirmations talked about so far, along with the core Renko Brick & Cumulative Delta candlesticks in the same direction > very significant! Data and Testing is still very much needed and I am working on it, for now every post from here on will have the P.O.C marked and visible on the chart!

The above screenshot is a developing Renko Footprint Brick with a P.O.C added for some context. It is the black rectangle on my chart however this changes depending on what platform/service you are using.

In other news, as this is such a big development (Renko Footprint Bricks in general) and to get the ball rolling faster, I have made a trading account, trading rockypoints original strategy with the new Renko footprint’s (Order Flow) aspects described at the start of the thread, trading FX Majors only - analysing their respective Futures market. As I always do, I will log each trade and give a run-down of the process I used to make the trade etc. This allows me to gather data everyday without dedicating time away from my other strategies.

I am already done for the day (in terms of this strategy) and it was a very good day! I’ll post a full write-up and breakdown soon.

Trade safe,

MM

First Renko Footprint Trend Trade Walkthrough & Breakdown

This new type of analysis, despite any naysayers, is proving to be very interesting indeed! The more I test and look into Renko Footprint Bricks, the more I am amazed how it isn't already common a way for Order Flow traders to view more data more efficiently! I think that it has so much value that; I decided to make a new little trading account to keep track of this in a more robust way - trading Rocky's original strategy with the added Order Flow analysis changes I have been going on about so far - I will keep track of each trade and most importantly, start compiling data on everything about Renko Footprints and the strategy! Doing this allows me to trade my other FX (FX Futures) strategies everyday still and not waste time doing extensive and potentially misleading backtests. I hope in the end, I'll have enough data and experience trading Renko Footprints that I'll be able to make really valuable additions/changes to the strategy and other Order Flow strategies using Renko Footprints Bricks.

Monday 20th May 2024 - EURUSD - Renko Footprint Setup

The following is taken from my trade journal I'm keeping dedicated to this strategy. TLDR: 2 small losses (-0.45% combined) and 2 Wins: Total Gain: 3.2%

I started off the day (Monday 20th May 2024) buying EURUSD after EUR Futures broke out to the upside, highlighted are the: Several Imbalances (Green numbers on the ask) showing aggressive buying, stacked imbalance on the latest candle is even more evidence of this. Positive delta accompanying the breakout supports this view. This trade went into profit however eventually stalled and I exited for a small loss (something I love about the strategy - ability to cut losses short). Here is the exit:
Above is the screenshot showing an inverted imbalance at the high (aggressive selling) and a bearish Renko Brick with very large volume and a negative Delta showing a potential top is in.

A new EU trade setup soon after; a setup to sell EURUSD! I was shaken out of this trade for a small loss (-0.4%) after holding through two fakeout bullish retracement Bricks (that usually would cause a stop out) as they had negative Delta! Very soon after another sell setup appeared, remaining objective I took it and it turned into a big trend!

It is very similar (positive correlation) to the AUD setup, EURUSD sold off creating a bearish Renko Brick with three Inverted Imbalances throughout the Brick showing aggressive selling, the Negative Delta and Cumulative Delta confirmed this.

Another (obviously correlated) setup appeared on AUD Futures (AUDUSD) to sell, this turned out to be the start of a big trend! The first Renko footprint with highlighted Inverted Imbalances within it I felt had too little volume to sell without hesitation. The second Brick took an hour to complete, had large volumes throughout and had an Imbalance at the low, EURUSD (and 6E - EUR Futures) which usually is the main factor in direction had not yet set up to sell for me, for these reasons I stayed away. Good thing I did as the next Renko Brick had an influx of buying and lasted nearly 2 hours. After this a very enticing setup appeared:

The above screenshot shows my entry; a bearish Renko Footprint with a Limit Order at the high of the candle, cutting off price’s advance and three Inverted Imbalances throughout the Brick showing aggressive selling, the Negative Delta and Cumulative Delta confirmed this. Although it's still in testing phase, a mention is the P.O.C for the entry candle was above the MA channel, however the prior three bricks had their P.O.C’S well below!

As it is trend trading I will follow until Ideally we see some sort of indication that a reversal is taking place via the Renko Footprint & Bricks, if not an exit when A Brick closes above the lower channel. At that moment, considering we are an hour into US session as I’m writing I will call it a day and assume volatility & trending activity will cap off around then.

AU EXIT (EU exit was identical - running out of screenshot limit) AFTER TREND:

Attached Image (click to enlarge)

We can see (as highlighted/labelled) that as AUDUSD was coming down, before price reversed, Delta was positive! I took this as a big warning and began looking for an incoming retracement and potential exit. Soon after came the aggressive buying that created several Imbalances (green numbers on the ask) and the Renko candles that closed into the MA channel also had a positive Delta - confirming this is not a fakeout.

Trade overview:

Attached Image (click to enlarge)

This is the results of the day, on a plain candlestick chart everyone will be familiar with! On the left you see the two small loses on EURUSD, before the last winner, I will say some of the trend was retraced by time I took profits but that is the rules of the strategy (this may change) and is one of trend trading cons in this scenario. On the right you see the lovely AUDUSD trade that sold off almost straight away after the setup shown in the screenshots above.

I hope this was a good addition to the thread and a nice jumpstart in seeing how this type of new volume analysis works/functions! I will not be able to do these full breakdowns all the time or for every trade, but I plan on doing them fairly often. I will probably go back and fully walkthrough some screenshots in these types of posts, as it is quite time consuming to do them all at once. To all those still reading, I hope you have a great day/night!

Trade safe,

MM

SECOND RENKO FOOTPRINT TRADE REAKDOWN

Hello everyone following along, I apologise today's post is brief and not overly detailed, for the majority of the Trading Day (apart from the first few) I was not able to trade as something came up, causing me to leave my trading desk completely. I wrote a quick summary of what I was doing earlier today, no time for deep walkthroughs unfortunately, tomorrow is a new day!

Wednesday 22th May 2024 - EURUSD - Renko Footprint Setup

I started off the day (Wednesday 22th May 2024) selling AUDUSD and buying USDCAD after their Renko Charts set up according to rockypoints strategy and their respective futures markets confirmed this via the analysis of (Order Flow) Renko Footprint Bricks.

AUD SELL SENTRY:

Australian Dollar Futures (100% positive correlation to AUDUSD) and spot AUDUSD sold off after a slight uptrend reversed. The initial setup was very early in the morning, I was not awake yet and as such I missed it and waiting for a retracement and see if a trend-continuation setup could appear, it eventually did:

The second bullish-retracement Brick had a large Inverted Imbalance at the top - quite unusual and a warning sign! The following bearish candles did have Imbalances within however considering there was also Inverted Imbalances along with a negative Delta/Cumulative Delta - and as price closed well below them, I disregarded them. The last bullish-retracement Brick (before entry) had a large Inverted Imbalance at the top - quite unusual and a warning sign! This trade I eventually managed to get out for breakeven (minus commission) when price reversed and a valid exit signal was given:



USDCAD RENKO CHART SETUP:


The USDCAD setup (see above) was more defined; a trendline break - validated by a Cumulative Delta break lower.


The entry footprint (CAD Futures - Inverted Chart compared to USDCAD) was obvious aggressive seller strength however (next to the !’s) just after rollover, yesterday-into-today, there were several Large Stacked Imbalances, this was strong buying. As it was a good many hours ago, price had broken below the orders and aggressive selling was present, I didn’t let it stop me from trading this setup.

Now a quick run-down of what I saw on this trade when I entered, on the Renko Footprint chart:

1. Very near to the price levels (as you can see on the far left) that we reversed on yesterday;
2. P.O.V coming lower in three consecutive Bricks;
3. Inverted Imbalances showing aggressive selling;
4. Negative Delta & Cumulative Delta

All of this confirmed the setup from rockypoints strategy. The trade is still in profit and price started a little trend however, I have to stop trading and leave my desk today for quite awhile so this post has to be brief. I will update later but will try to exit the trade at a new low or a stop out if price reverses.

Update: Managed to get back and see what happened to the price after I stopped trading for the day, thankfully I didn't miss a large trend and price went down then soon reversed. I exited the trade, before stopping trading for the day, for a small gain of 0.60% Had I been here to see the trade through, once price reversed and the exit signal below had been given, the profit would have been about half of that. So in total, a very underwhelming day of around 0.20% gain - looking forward to tomorrow’s trading as always and hopefully with no interruptions!

I hope everyone reading has a great day/night, I'm sorry this was a short post with little easy to understand analysis breakdown/walkthroughs however I hope the screenshots at least were of to some value.

Trade safe,

MM

renko chart tf h1

still learn

Renko and footprints--- yessss please...

Loving this Thread.. Thanks to MakingMoves and Rick..

(whenever i see Rick participate in a thread, I know good thoughts and ideas are being expressed in a reasonable way) Thanks Rick

Renko Footprint Trading Day/Trade Walkthrough

Today I am doing in-depth walkthrough of my trading of this strategy, forcing myself to journal throughout the day so I can post to the new thread before Friday close. I didn’t have time to edit/format all my strategies trades yesterday but I will go back to the most interesting setups in the future for more case studies. Yesterday however, was a -1.1% day after trying to sell UJ. I will update on what happens today before the market close for the weekend.

On Friday 24th May 2024, at 7:44AM (UK time) I took a EURUSD long setup based upon the strategy mentioned at the start of the thread, with the confirmation of Order Flow Renko Bricks. The plain Renko chart shows price, for the first time since the last downtrend, breaking above the Moving Average Channel:

We can see the setup on a plain Renko Brick chart (above) and see how the Cumulative Delta candlestick chart confirms the setup price finds itself in; the breakout entry brick had a large positive Delta. This tells us other market participants are seeing the break upwards and it is supported by strong buying. This doesn't mean price cannot reverse - it is a piece of an infinite puzzle! Let's look at the Renko Footprint Chart to see what's happening in detail within the breakout:


I have labelled the (above) screenshot so it should hopefully be quite self explanatory however, I will go into more detail below:

Present from the moment of reversal, EUR Futures started to show several Bid x Ask Imbalances, this morning (Friday 24th) these aggressive buyers continued to buy up right up to the entry Brick as labelled by ‘Aggressive Buying’. This tells us not only the reversal could be permanent (not just short covering etc) but there is a reason for price to be going (and to continue) going up!

Within the last three Bricks in the above screenshot you can see several Imbalances (green highlighted numbers on the Ask) these are the really important volumes, as they are relevant to this specific trend/price movement. They tell us who is involved within the trend and how (relatively) strong/aggressive they are!

During the three (and more) bullish Renko Brick run-up and breakout that led to me entering, both Delta and Cumulative Delta were positive - validating the idea that buyers are in control.


At the low of the 7AM Renko Footprint Brick you can see I have labelled a Large Limit Buy Order at the very bottom of the price move. Remember: Limit Buy orders are executed on the BID! That’s why they can often trigger your standard Imbalance (300% Bid-Ask Difference) meetup and distort Delta; however they are crucial to understand and very powerful confirmation for trade setup: In this scenario the Large Limit Order has cut off price from moving lower, absorbing all the buying and forcing price to go the other way. Nothing revolutionary, but a nice and simple, meaningful confirmation I like to look for!

Within the last Brick in the above screenshot (entry Brick), if you can see the black rectangle - that is the Point Of Control (P.O.C) and it is placed above the MA Channel, confirming large market players are supporting the direction price is moving in! In other words - as an Auction Market Theory trader: Value is being accepted and moving higher.

Before we continue, lets recap on what caused me to enter long on EURUSD:

 

1. Price/Renko Brick Breakout & New (Up) Trend;
2. Aggressive Buying (Imbalances) Throughout The Reversal & Breakout;
3. Large Limit Buy Orders At Price Lows - Absorbing Selling Pressure;
4. Rising Value/P.O.Cs Signalling Higher Price Acceptance;
5. Positive Delta & Cumulative Delta Confirming Trend.

I will now (8:30AM as I am typing this) look for any other potential setups while looking to trail this (EURUSD) trade or exit at the moment a signal to get out is given. I will update the journal of any new developments in today’s trading:

Later in the morning, at 9:40AM, I entered a AUDUSD long based upon the Renko chart setting up, due to correlation, just like the EURUSD (first screenshot - I won’t put another screenshot in as they are nearly identical however the footprints are different) Renko chart and this was confirmed by the analysis the Renko Footprint chart:

What will likely stand out is the many red circles throughout the Renko Footprint chart, as you may remember, these are aggressive buyers. That is market participants executing their positions with Market Orders. I have talked about why Limit vs Market Orders and Bid x Ask Imbalances are important in a previous post of mine.

This is to say, we know that aggressive buyers (Market Orders) have every ability to move price up (providing the liquidity - resting Limit Orders allow this) so knowing that aggressive buyers are starting to appear, it provides an invaluable warning signal that buyers are buying everything the sellers are currently selling!

On the right of the chart now, skipping over Limit Buy Orders (as we have discussed previously; they can cut off price movement/follow-through until the order is filled) and getting to the three last bullish Renko Footprint Bricks, we see the first two Bricks had a Negative Delta which is not great confirmation to enter a breakout to the upside unless there is obvious large limit orders causing the distortion! Considering it took a while to breakout, I could not see any obvious Limit Orders, the Delta being negative and the EURUSD trade not yet setting up, I stayed away and waited for more context/confirmation.

After the EU trade was entered, about an hour later, the above AUD Futures Renko Footprint chart setup and I entered at the close of the last Footprint Brick above, with the Delta confirming the entry!

I will now (10:30AM as I am typing this) will not look for any more setups, as I am already in two positions, but instead look to exit and manage the trades (EURUSD & AUDUSD) as effectively as possible through the analysis of the Renko Footprint Bricks. When the time to exit, or hold through a fakeout comes, I will update the journal.

EURUSD/EUR Futures Exit (12:19PM +1.3%) after trend:
As price reached the top, an Inverted Imbalance appeared in the last bullish Brick before reversing. The first bearish Renko Footprint Brick had large aggressive selling at the top, I was watching this in real-time and contemplated exiting. I decided not to do this until a classic stop-out as this is still ultimately forward-testing and I need more data to make any meaningful changes to the strategy and this tool in general.

After their (the aggressive sellers) massive positions were filled creating two large Inverted Imbalances, price very soon after started to sell off, hitting Limit Buy Orders but falling through them which is bearish. More Inverted Imbalances followed in both bearish-reversal Bricks, showing continued seller strength which was also confirmed by the Negative Delta.

Worth a quick note is a simple aspect of Order Flow but a crucial one to understand: If you look at the very last bullish Renko Footprint Brick at the high, you see its Delta at the bottom (first number underneath) was actually Negative, warning of a potential downturn!

Overall I am very happy with the trade; a good process, good outcome scenario. There is potentially significant (categorized as medium) USD economic data due to come out in under one hour from the moment I type this (due at 1:30PM - UK time) and as such I likely would have exited the trade just before or tightened up stops however for now I’ll let the AUDUSD trade run (if it does) while keeping an eye on the Renko Footprint chart (for exit signal but currently no entries pre-news), catch up with journaling for the day and prepare for the potential influx of volatility/trends after the data/news release.

Exited the AUDUSD trade (+0.15%) 4 minutes before the data release, to manage risk. Nothing particularly special on the AUD Futures Renko Footprint chart, as I took the trade out before the news release. Will see if there is any suitable re-entrys afterwards

It is now 1:42PM (UK time) I haven’t been able to find any suitable (nothing clear - volatile rapid price action) setups and as we have ‘FOMC Member Waller’ due to speak and ‘Revised UoM Consumer Sentiment’ 45 minutes after that, I will not be taking anymore trades (on any of my strategies) until after these events and that is only if a convincing setup presents itself. This is because I do not know or anticipate any data releasing or have any fundamental bias therefore I cannot take a directional position into a potentially significant data/news release!


I am going to call it a day here for trading. It's currently 4PM (UK time) and I am done trading for the week on every strategy (including this one now) so I am going to go out with the Lady and get some sunlight while it lasts!

I hope everyone had a great day/week and are looking forward to the Weekend/Next Week! This was fun doing a completely public trading day journal.

Trade safe,

MM

A New Week & EURUSD Trade (27th May) - Renko Footprints - Bank Holiday

I started off the day & week (Monday 27th May 2024) by buying EURUSD on a Renko Brick breakout of the MA channel at 10:23AM. It is a (UK/US) bank holiday so I will only hold one position at a time and will trade conservatively; this could quite possibly be the only trade of the day. I am also being conservative with my stop loss size as well as risking under 1% on the trade.

We see price (EUR Futures) initially ranging back and forth; the Renko Bricks allow us the easily see this, and notice when we deviate from the range; the Renko Footprints provide and easy way to visualize the volumes during the first leg of the bullish breakout (in this scenario) within the range as well as the breakout itself:

Focusing on the most recent Footprint Bricks, both in the 9:06AM and 9:40AM Bricks, there were several Imbalances present (green highlighted numbers on the Ask) which are the result of buyer aggression. More specifically, Market Buy Orders from buyers (so called aggressive buying) causing imbalances between the sellers at a particular price level. When these levels are stacked (Stacked Imbalances), they become even more important!

At the low of the range, at the start of the bullish breakout (in hindsight - the beauty of this) we can see it was started by aggressive buyers, that’s good, but I want to see if they are still buying! We can see, where I have circled in red, both Market Order buying and suspected Limit Buy Orders;

 

1. If you are not around to see how price behaved around such orders, I have a simple objective rule on how to identify significant Limit Orders: In a bullish example (bearish is just opposite) when you see a large Inverted Imbalance at the LOW of a BULLISH footprint - that is more than likely a large passive buyer, who is getting impatient and is stopping price from going lower (using Limit Orders) so they can fill their positions. If it isn't, then what you are seeing are trapped sellers stuck in a price reversal, that is also bullish as they have to cover their positions via Market (Aggressive) Orders!

The Delta of the breakout & entry Footprint Brick was positive, indicating stronger buying. Cumulative Delta does not confirm this however, as I have touched on before, when analysing Limit Orders you have to be careful with the CVD as they can distort it. For those who solely use Cumulative Delta, knowing how the tool is calculated and understanding the data it's using, will provide you even more of an edge when knowing to (or to not) pay attention to the CVD.

As it is a Bank Holiday and banks are closed; liquidity is low. Speculators have more influence on price, it has been much easier to see what price will do from the actions of the market participants. A large bullish breakout happened straight after entry, fast enough to be a fast stop run for those longer timeframe sellers with clustered stops.

I exited the trade with a 0.2% gain, I saw in real-time price being hit with large aggressive sell orders again and considered exiting, instead I’ve logged it until I have more data like last time. While the price was up there I took a sell for one of my Auction Market Theory based strategies. I will post a screenshot I took for another strategy’s journal as it shows the exact aggressive sellers I am talking about. I took the standard exit signal from the original Rocky’s strategy, had I exited after the first bearish Renko Footprint Brick with evidence of heavy aggressive selling, I would again have saved more profit. But we are testing and learning this new tool/strategy, and it's been great fun!

You can see how heavy the initial selling was, when comparing the aggressive sellers volumes to all the others on the chart. It's not only that, they created a Stacked Inverted Imbalance! As I said above: “When these levels are stacked (Stacked Imbalances), they become even more important!” It holds true both ways.


On both charts (Renko Brick’s & 1-Minute) you see Inverted Imbalances starting to appear before price turns! This alone is not enough to take action on, as there were standard Imbalances (aggressive buyers) still present, but a warning nonetheless!

Another point to make (again) is how Delta correctly validated/confirmed the top by going negative on and during the reversal. I exited at the end of the 11:11AM Brick, by using the standard strategy’s stop out rules of a Brick closing into the MA channel, for a small gain of 0.2%.

As far as this strategy, I will likely leave it there. Although it was a small day, equity gain wise, I will take it as a highly successful day. Firstly and most importantly we managed risk, had the right idea and had the right entry and confirmations to back the trade. We knew when the market was changing, identifying it in real-time, understanding why and how the trade had been invalidated, getting out for a small profit but noting in detail on where I can improve the strategy, amassing more data to eventually make changes.

That aside, this strategy had me fully ready and alert as I traded price up to a premium price I was looking to sell according to another (AMT) strategy. Having any small trade on today (Bank Holiday Monday) and actively analysing the market, has kept me in the zone and locked in after the weekend and ready for normal trading to commence first thing tomorrow!

As I talked about it, and it's a interesting low-liquidity day (strange price action & volume wise), here is what happened to that sell trade I touched on:


As we can see the aggressive sellers we observed at the very top really started a chain-reaction. The selling was too fast to join in, using this strategy, without taking on unnecessary and additional risk. The market is now volatile and a bit shocked/whipsawed and as it's a Bank Holiday, I am completely done for the day, as far as actively trading goes. I hope everyone still reading this has an amazing day/night!

Trade safe,

MM

Great stuff, looks like close to a crystal ball, well done...

PC

Cumulative Delta Absorption Discussion & Tuesday (28th May) Renko Footprint Trade Journal

WARNING: My next two posts are long, they are my complete journal entries of trading this new strategy. It takes some time to format it, fix spelling mistakes and copy pictures to FF etc so I will going forward give quick recaps and save the time for deep analysis of the most interesting trades, both the worst and best. I am also realizing rocky's strategy, which is the base strategy we use to look for setups to confirm/reject with order flow (while I test and gather data - other Renko strategies will be tested eventually) can at times be a scalping strategy and a day trading strategy simultaneously. When things are slow you can expect little setups, the opposite is true when things get volatile. It is essential to manage risk consistently when trading this type of strategy, as small losses (ideally) are inevitable from market noise while you wait to catch that big trend. During the very active (scalping style) day's even though I screenshot every trade, I cannot fit them all into a FF post due to their requirements. When this happens I'll pick the most important screenshots to post.

Today was slow in the morning until 10:53AM when I had a setup and Order Flow confirmation to go long EURUSD.

There was a slight warning sign on the plain Renko and Cumulative Delta chart; Cumulative Delta started falling off a cliff (potential heavy selling) that started before price started to reverse downwards. Price hit Limit Buy Orders and stabilized, rebounded and set up to go long however, the Cumulative Delta was still negative!


Traders who only use CVD to make trading decisions may not have took the setup, however understanding that the heavy selling was being absorbed (CVD breaking lower/structure - but price holding structure) but also that the Limit Buy Orders contribute to a Negative Delta, having other genuine confirmations and different ways to understand/view the data allowed me to disregard the CVD in this scenario.

The confirmations for the trade are in the following Renko Footprint Brick screenshot:


You can see I placed the ‘!’ next to heavy selling that took place when price broke out of the little trading range shown in the first screenshot. At the time I was ready and waiting to go short, luckily however I never got full confirmation; price hit a Limit Buy Order at the very bottom (highlighted with a red circle) then stalled for an hour.

After heavy volumes were accumulated (sign of a potentially successful reversal) as highlighted with the large red rectangle, price then broke upwards and out of the MA Channel - closing above the aggressive selling! What I found, on the Renko Footprint chart, significant at the time of the bullish-reversal:

1. Limit Buy Orders at the very bottom; stopping price from moving price lower.
2. Heavy Volumes: Large Bid x Ask Volumes shows large market participants accumulating their positions.
3. Rising Point Of Control (P.O.C) indicating higher Value is being accepted again.
4. The two last bullish-reversal Bricks each had a large Imbalance within - the result of aggressive buying
5. The two last bullish-reversal Bricks had a positive Delta, validating the above view of stronger buyers.

I put a stop loss under the most recent trading lows, remaining ready to exit the trade if sellers take over again as we head into the day’s high.

Later in the day, at 12:09PM, AUD Futures (AUDUSD) set up to go long, the Renko and Cumulative Delta charts shows absorption happening at the lows (CVD breaking lower, price does not) and that the delta dislocation from price was due to heavy selling being absorbed by even stronger/heavier buyers!

You see how I've placed a red line (top half of the screen) at the low of recent price action and at the same place the Cumulative Delta was at the time. Notice how the CVD broke below that level and price came nowhere near; this is called absorption. In this scenario (opposite can be true) there was a lot of aggressive selling (market order selling), the negative Delta, that was entirely bought up by larger/more aggressive buyers, the price not moving lower is the result/evidence of this.

At the bottom of the above screenshot, the Renko Footprints show us the bearish Renko Brick at 9:08AM was full of aggressive buying! The next Brick, 9:35AM Brick, shows a reversal that took place, with heavy volumes at the bottom signifying that this could be a genuine reversal. At the very bottom of the brick I have circled in red two large Limit Buy Orders, that cut off price from moving lower and filled the sellers orders. There was also either a trapped seller or another small Limit Buy Order at the lowest price traded during this reversal.

In that same reversal-brick, at the top and on the close, you see the aggressive buying that came into the market very quickly (green numbers on the ask highlighted with red circles) and in the entry Footprint Brick, there was almost a 4 consecutive price level Stacked Imbalance showing the pure aggressive buying! This bullish Footprint Brick also had a Positive Delta, which echoes what we just covered.

I will watch both this trade and the EURUSD trade (by analysing their respective futures market) for signs of a reversal and will exit when we get the standard exit signal from the strategy, however as I have covered, I will make sure to log what happens at the point of reversal:


As you can see above, after breaking out EURUSD (EUR Futures) stalled out and began trading heavy volumes before moving lower. I have highlighted the heavy selling (compared to the ask) on the bid within the first bearish-rejection brick. In the next bearish brick (and the exit brick) had a large aggressive seller at the top, confirming the trade is being invalidated. Price then went on to move lower, creating a full bearish brick into the MA channel; the standard strategies exit signal! I got out with a small gain of 0.25%. You see how both bearish-rejection candles had a negative Delta which validates the exit signal.

Around 40 minutes later, I exited the AUDUSD trade for a very small gain of 0.10% as EURUSD was breaking lower. Possibly significant US economic data is due to release in under one hour. I will take no more positions until after this data is released.

So far we are up 0.35% on the day (2:07PM UK Time as I type) even though the trends we found had little to no follow-through to pay us as we may like, I am extremely happy with the trading. I think I had a good process with a good (or okay) outcome, that is what I’m most concerned with testing this strategy and tool - a good process. I will update later if any trades are taken post data release.

EURUSD & AUDUSD (good thing I exited) both sold off pretty hard before the data release, I could not participate knowing this, after the data I found a GBPUSD sell setup, which was confirmed via Renko Footprint Bricks and I entered at 3:03PM (UK Time):

I got out of this trade for a -0.45% loss after a EURUSD long trade setup:

AUDUSD broke out at the same time with aggressive buying, I managed to get in for the breakout price (max screenshot limit) once I got out of the GBP trade. The following screenshot shows AUDUSD reversing shortly after causing both trades to be exited for a small loss -0.35% combined:


The EURUSD trade was exited for a -0.15% loss also, so in total a -0.65% day. A lacklustre day but we did the best we could! I am happy I kept a hard/bad day’s loss under 1%, that is this strategy's silver-lining today!

*The next post will be of Wednesday’s (today) Renko Footprint trading journal and trade breakdowns*

Wednesday (29th May) Renko Footprint Trade Journal & Analysis

The start of Wednesday was very quiet for this strategy, nothing really happened until some heavy selling hit EURUSD and fast. No news was out yet - German CPI was due to come out at some point, but nothing officially released yet. I managed to get a good entry in the initial selling and will try to hold for follow-through however if this does not happen and we break to the upside I will exit for a small profit and try again next time!


In the top chart (plain Renko Bricks & Cumulative Delta) we see that since opening, CVD has been selling off which is a sign of sellers entering. Price then broke the recent low, confirming this analysis of the CVD.

In the Renko Footprint Brick chart I took note of the Inverted Imbalances (red numbers on the bid) which represent aggressive selling. The negative Delta and Cumulative Delta validate this. I managed to get just about the closing price of the 9AM brick about 30 seconds after it formed.

An AUD Sell Setup happened at around 10:05AM:


In the top chart it is clear that the Cumulative Delta is confirming the bearish move down.

We see a rejection brick (large upper wick) that had a strong negative delta and Inverted Imbalances within the rejection-brick showing aggressive sellers.

EU exit signal for 0.25% gain:


Shortly after the signal to go long EURUSD was given:

We see large aggressive buying in the second to last bullish-reversal brick. I have highlighted the Imbalances via red circles to show where the aggressive buying I am talking about took place. I have highlighted with a red line the consistent positive Delta since we found a bottom, this suggests buyers are stronger than sellers. I put a stop loss under the recent low price made and will look to manage both this and the AUDUSD trade, waiting for the signal and confirmation to exit the trade.

EURUSD (EUR Futures) did continue to move higher in a little trend. It then reversed as very heavy/aggressive selling came in, I watched buyers try but as you can see the Renko Footprint is full of aggressive selling:



As price was rising, the Renko Footprints showed Inverted Imbalances at the top of the candles before price reversed, again! I am taking note of this, as I amass more data I will let everyone know of any findings. I exited the trade for 0.30% profit, not bad for a tiny trend that was reversed by heavy selling!

This same selling (EURUSD) continued and eventually another confirmed setup for a sell trade on EUR Futures:


I have highlighted (with red circles) the most important clues as to seller strength and control, I will list them below:

 

1. You see the initial price rejection (that ended the uptrend; previous trade) had many aggressive sellers, across multiple price levels.
2. This continued as price sold off and made a weak attempt at a sell trade setup with little confirmation, price retraced shortly after (big 2 bullish bricks) which was met with more aggressive selling! I have highlighted and put a red circle (and a ‘!’) around the Inverted Imbalances within the 11:53AM Footprint Brick which shows this.
3. The following last two bearish bricks that led to me entering short had Stacked Inverted Imbalances within! This is a very aggressive activity, not a very common sight so it is great confirmation.

This trade had some follow through, then reversed giving an exit signal, I got out for a little worse than break even minus commission so -0.09% (I do like the ability to achieve small losses with this strategy) while letting he AUDUSD sell trade run while EU does its range thing. A bit of whipsawing (back n forth) is only to be expected with this type of trend trading strategy, risk management is key to absorb the small losses and stay in a good position to capitalize on full trends whenever they arrive.

The arrows represent the EURUSD entry and exit respectively. Throughout the bullish-reversal Footprint Brick you see Imbalances (green numbers on the ask) that are the result of aggressive buying.

*Journal continues immediately next post - ran out of space*

At 2PM EURUSD sold off and triggered a sell setup which was confirmed via the analysis of the Renko Footprint Bricks:


On the top chart (standard Renko Brick chart with Cumulative Delta candlesticks) shows EURUSD (EUR Futures) selling off and closing below the MA Channel. The Cumulative Delta confirms this sell off however, this may be the process of absorption I have talked about previously, there is no way to know right now until further context comes. For now, considering the price is setting up for a sell and the following confirmations, I am happy to conclude to the best of my ability that it is genuine heavy selling; however this can change very quickly and so will my line of thinking if that is the case.

The bottom chart (Renko Footprint Brick Chart) shows three consecutive bearish Renko Bricks, the last two having Inverted Imbalances within their (the bricks) trading range and as such is a strong confirmation for the sell trade. We also see the P.O.C (Point Of Control - Black Rectangle) consistently coming down; Value is moving lower.

We see a large regular Imbalance in the middle of the last (entry) bearish Footprint Brick. This was likely aggressive buying (Large Market Buy Order) which is usually significant! So why did I still take the sell setup? There is no perfect setup, that being said the fact the price closed well below the large order is further bearish confirmation - heavy & aggressive buying is not enough to fill the supply of the sellers. Meaning the sellers are even stronger! This as well as the large Inverted Imbalance underneath the regular Imbalance, falling P.O.C and the consistent Negative Delta and Cumulative Delta confirmed the sell setup. The Stop Loss goes above the day’s high.

I will now look to let the EURUSD & AUDUSD sell trades run (allowing potential trends to form) however the moment they reverse and give a valid exit signal, I will be ready to get out.

The EURUSD trade trended down quickly, stalled and reversed. I got a valid exit signal and exited for another small 0.3% profit:


In the above screenshot you see on both charts, the exit signal and I will explain why I found it valid, and had to again, cover for a very small profit. When price stalled we hit very heavy volumes on both bid x ask around the area of prior reversals today showing this could be accumulation taking place - as price broke up into the MA channel, the Delta was positive confirming the exit signal.

This trade (the exit most importantly), ultimately faked me out and sold off hard - deep into profit, luckily I still had the AUDUSD short to capitalize on some of the selling pressure I suspected would come had we break the day’s low. This is unfortunately one of the frustrating things that can happen in trading, that only traders understand, however, we must forget about it and refocus! No revenge-trading, No chasing-bottoms, No emotional decisions, No bad-trading. These things I recommend chanting to yourself in your head when things get frustrating.

As I am feeling annoyed/agitated that I correctly called, but got shaked out of a large and fast trend that could have been easily caught, once this AUDUSD trade is covered I will stop trading for the day. It has been a successful day, not only are we still in the game - we are up! Regardless of the result, today’s trading has left me psychologically wise, wound-up and disorientated and as such I know if I were to continue trading, I would likely not have a good and clear thought process. Chasing missed trades/trends with this mind state is a recipe, as every (non-newbie) trader knows, for turning a good day into a very bad day!

I exited the AUDUSD trade with a gain of +2% after a nice sized downtrend:

In the top chart (in the screenshot above) you can see what the AUDUSD downtrend looked like in entirety. Skipping to the Renko Footprint Chart at the bottom, it shows when I decided to cover the trade (I closed mid-way through the range you see) because aggressive buying (Imbalances) started to appear the moment the range/consolidation area formed. This strong buying took place right up to the point I covered the trade and took the, much needed, rest of the day off (6:10PM as I type) at around 4:30PM UK Time.

All together today was a +2.7% profit day. I am happy with the trading, looking back on the day about an hour and a half after finishing trading, I acknowledge I had the right idea and still won, just not to the extent I would like. Giving myself a break allowed me to think clearly again; format and go over all strategies, trades and journals then get a post up to the thread if I have time. That aside, today was a great day and I am looking forward to tomorrow!

To those still reading, thanks for following along! I apologise for any spelling or formatting mistakes, this is all from my personal journal just adapted to be posted on FF.

Trade safe,

MM

Thursday (30th May) - Renko Footprint Analysis & Trade Breakdown/Journal

Today the early market was active, but no valid setups were given until 8:12AM (UK Time) when a AUDUSD long setup which I confirmed via AUD Futures volumes analysis using the Renko Footprint Bricks:


In the top chart we see the standard Renko Brick + Cumulative Delta (CVD) setup. Yesterday I made a post about CVD absorption, considering its relevant to this scenario, I will put the same explanation here:

You see how I've placed a red line (top half of the screen) at the low of recent price action and at the same place the Cumulative Delta was at the time. Notice how the CVD broke below that level and price came nowhere near; this is called absorption. In this scenario (opposite can be true) there was a lot of aggressive selling (market order selling), the negative Delta, that was entirely bought up by larger/more aggressive buyers, the price not moving lower is the result/evidence of this.

At 8:48AM EURUSD and EUR Futures set up a valid long setup:

For the first time since yesterday's sell off and trend, price is breaking above and has made a full Renko Brick above the MA Channel. Cumulative Delta is confirming the breakout, by breaking out itself on the CVD candlestick chart at the bottom.


In the above Renko Footprint Chart we can see that earlier this morning around 6:45AM EURUSD bottomed out and reversed. Within this reversal and all the way up to entry, there were consistent Imbalances showing a consistent flow of Market Buy Orders (aggressive orders) that are pushing price up. At the bottom I have circled the positive Delta and Cumulative Delta that remained so in every Brick since the reversal.

AUDUSD traded upwards for a little bit but eventually reversed and the exit (Below) was for a small gain of +0.10%


I exited the EURUSD a few minutes after for a small loss of -0.1%, so breakeven on the day after little follow-through on the trend setups thus far. I will keep alert and focused, waiting to see if the market wants to set up again.

Both trades ultimately fake me out as they made new highs afterwards. I managed to get a re-entry on EURUSD when it broke to the upside again however I did not find a valid AU signal: *Not posting this screenshot to save room for others*



The reversal that I exited on had no aggressive buying, so I exited and I think it was the right thing to do but to take note, the P.O.C did not close into the MA Channel on a bearish Footprint Brick. Soon after I exited, the aggressive buying came back in and pushed EURUSD right up to the top of the reversal point, where Limit Orders were stacked, slowing price for 5 minutes in that same place.

Eventually we broke to the upside with more aggressive buying and I chose to buy a breakout style trade (buying back my original position - smaller position now due to SL size), it is not the brick directly from the channel however for reasons I have discussed it wouldn't have been safe to do so.

Just after 10AM (UK Time) GBPUSD (Pound Futures) setup for a valid buy entry, off the back of the euro strength:


On the top chart we see price (GBPUSD) breaking above the MA Channel for the first time since yesterday’s sell off. The Cumulative Delta candlestick chart does not show the aggressiveness (distorted) I conducted is present by the analysis of the Renko Footprint Bricks.

On the bottom chart (Renko Footprint Bricks) we see the price, from 9:17AM, had a bullish run up with many Imbalances within (highlighted with red circles) and most importantly within the breakout/setup brick! Going into this further, the entry Footprint Brick had a Stacked Imbalance within, this is max buyer aggression and as such is great confirmation for the trade.

I have put a ‘!’ beside a large aggressive seller that initially was holding the price back. Price eventually closed above this large seller, with even harder buyer strength/aggression! This seller distorted the Delta however and as such it has to be disregarded as confirmation/rejection in his scenario and setup.


I exited the GBPUSD trade for a 0.3% loss at 1:03PM after little follow through and a lot of ranging, it was a pleasure to get out! In the below screenshot you can see the aggressive selling at the top (reversal) and the standard exit signal of a Renko Brick closing into the MA Channel. This was confirmed by the Negative Delta/Cumulative Delta:


I will look to exit the EURUSD trade soon as important economic news & data is due to come out in 21 minutes. Update: I got out of the EURUSD for breakeven, nothing special to show so I wont take up more screenshots.

So far (if I continue trading) today all trades combined resulted in a -0.33% loss. I am happy with this loss, well managed.

There is a lot of economic news/data coming out for the rest of the day, depending on the markets reaction to it and if the market participants actions are clear, I will try another trend trade. If this does not happen, I will call it a day (1:23PM UK Time) as it's possible we just whipsaw back and forth.

About two minutes after data release at 1:30PM (UK Time) I got a clear signal from CAD Futures (USDCAD - INVERTED CHART) to go long (short spot USDCAD), I did get a slightly worse than ideal entry price by a few pips (not slippage; jumping in near the entry price I couldn't get during news) other than that the confirmation signs were obvious:

The news/data hit during the 12:27PM Footprint Brick, you see pure large aggressive buying within that brick and an even larger seller that was left behind! In a flash we are in a new brick, the standard volatility takes up and down many times but something stands out: more aggressive buying in the same place as the prior brick! No longer than a minute after, price (CAD Futures) has made news highs with Stacked Imbalances at the top - the result of more pure aggressive buying! This second retest-breakout Renko Footprint Brick had a strong positive Delta, confirming the strength of buyers.

A minute or two after this brick was completed, I managed to get its close price (minus a few pips) in preparation of a larger trend forming off the back of these confirmations and the Price/MA Channel breakout. If this does not happen, I am ready to look for valid exit signals should the price reverse.

In other news, EURUSD took off upwards after the news release, too fast and far to get in, shame none of the trend came pre-news but I am not bothered by this as I had no view on the data coming out - no edge, so would be silly to hold through such an important event and gamble on the outcome.

I exited this (USDCAD) trade for a small +0.1% profit 25 minutes before more possibly significant economic data was due to be released. As there are FED members due to speak and other economic data points being released later I will likely call it a day here. In the end it was a -0.25% day. If I haven't mentioned, every trade I take is 1% total risk or under, this puts the results in perspective to risk. I'm sure most assumed this, apologies to those wondering.

*Next post is Friday's trade journal*

Friday (31th May) - Renko Footprint Analysis & Trade Breakdown/Journal

I started off the day (Friday 31st May 2024) selling USDCAD after Cad Futures gave a valid long setup/signal:


The top chart shows the standard Renko Brick’s now closing above the MA Channel. Cumulative Delta confirms the reversal.

What is apparent in the Renko Footprint Chart is that aggressive buying has been continuous since today’s market rollover/open. Another aspect I highlighted was the positive Delta even in a bearish renko brick - bullish Price/Delta Divergence.

From the start of the day till present, every Renko Footprint Brick has had a positive Delta, confirming the buyer's strength! This aggressive buying accelerated on the entry brick, creating a Stacked Imbalance which is the best confirmation for aggressive behaviour.

At 8AM (London Open) I entered a EURUSD long position after EUR Futures started being aggressively bought up:

The top chart shows the standard Renko Brick’s now closing above the MA Channel. Cumulative Delta confirms the reversal.

We see that Imbalances have been consistently present from the moment the price turned and started going upwards, this continued right up to the entry brick. Another aspect I highlighted was the positive Delta even in a bearish renko brick - bullish Price/Delta Divergence.

What is also obvious from the Renko Footprint Brick Chart is the several Inverted Imbalances within, this in itself is not bullish as they are Market Sell Orders, when price closed above these Inverted Imbalances it shows buyer strength and possibly now trapped sellers.

The USDCAD trade set up for a standard exit however, analysing the volumes within the Renko Footprint, I believe this could be a fake-out, I am going to hold a bit longer (1 more bearish candle) to confirm this is not a fakeout:

Why am I holding through this?

1. The aggressive buying was stronger then the selling that reversed it;
2. The reversal had several aggressive buyers in it;
3. The P.O.C, for the last 5 Renko Footprint Bricks, has been rising and is currently at the top;
4. The negative Delta that accompanied the reversal is tiny / not confirmation.

If CAD Futures continue to move lower (USDCAD - Higher), creating another bearish brick, I will exit the position. There is important EUR data coming out (due 10AM) in an hour and a half, so I will look to exit the EU position in about an hour.

This changed when EURUSD gave an exit signal, I got out of both the EU & CAD trade for a combined loss of -0.8%. Not ideal, but I am okay with the trading so far today, the USDCAD exit I could do better.

This turned out to be a fake out yet again, the trades would have soon gone back into profit. I had the right idea on why not to exit and I logged it but next time I need to stick to it! Although correlated, maybe treating these trades more separately would have allowed for greater clarity. I stay non biased and re enter long USDCAD, although EURUSD setup again I am not going to enter, important EU data is approaching. *Not posting this screenshot to save room for others*

The confirmations for re-entry after the fakeout are the same as the original trade pretty much so I won't repeat.

I took profit 20 minutes before the really important EUR news for a +0.4% gain, for the sake of consistent risk management and eliminating gap risk that may happen due to the correlation of these markets. It is annoying as always to not hold onto a winner or take a AUDUSD setup that looks good right now because of economic news/data events but if you don’t have an edge on your view of the CPI numbers, then you are ultimately gambling.

Once the news passes and is absorbed, I will look for more setups.

At 10:30AM (UK Time) I entered long after price broke above a consolidation area with a coinciding Cumulative Delta breakout:

The trading range had to be estimated and was chosen by the most recent and relevant price action. Renko Brick completed/closed above the resistance level (red line above) and the Cumulative Delta Candlesticks (bottom half of the above screenshot) also broke and closed above the resistance level.

The following Renko Footprint Brick Chart shows the volumes traded in detail within this breakout. This allows me to see if this CVD breakout can be trusted:


The red circles highlight the reasons why the CVD can be trusted but also the most significant parts of this bullish move. We can see how aggressive buying (Market Buy Orders) was present all the way up to the entry brick (last Renko Footprint) and this is supported by the consistently positive Delta and Cumulative Delta.

EXITED THE AUDUSD trade for a 0.8% gain 50 minutes before the USD news is due to come out at 1:30PM. Some other stuff to do before I return at 1:30PM to see if any trends form after the news.

-

At 3:30PM (UK Time) EURUSD, after the reaction to the news had bought it up, started to sell off and gave an entry signal to go short. Take note in the following screenshot how the Cumulative Delta started to sell off hard when we hit a resistance level I marked from last week's trading. This is a sign that sellers are entering and fast, only price has not yet fully reacted:


As I said above the top chart shows the heavy selling (as is evident by the strong negative CVD) started the moment price made a top at the resistance level I marked (red line - top chart) and continued, throughout retracements, to stay negative up to entry and new lows.

The bottom chart shows the most recent retracement had an Inverted Imbalance at the top - showing moves up are being sold into. The following three bearish bricks all had a negative Delta and Inverted Imbalances (aggressive selling - Market Sell Orders) throughout however the first brick to fall below the MA Channel had a large buyer, so I waited for more context/confirmation which came in the following (3:24PM) brick.


Minutes after, at 3:36PM, AUDUSD (AUD Futures) also gave a very good sell signal, however I waited for more confirmation before the first brick closed beneath the MA Channel. This came by another bearish brick with a Stacked Inverted Imbalance within it (max seller aggression) but before I delve into this, I need to go over the Regular Renko + Cumulative Delta Chart first as there is a hidden warnings that buyers are running out of steam within that chart, I have labelled what I am talking about:

In the top chart you see price (AUD Futures - AUDUSD) making new highs however Cumulative Delta (CVD) has not made new highs! In this case it is said that the buyers are to be exhausted, the participation of market participants at the new highs was limited and as such gives a warning signal to the future health of that trend. Another way of saying that is: If buyers are not as willing to buy in an uptrend, it is reasonable to assume the lifespan of the trend / or its continuation may be in question.

You can see in the Renko Footprint Chart , aggressive selling was apparent however upon the first entry Brick closing below the MA Channel, there was only one Inverted Imbalance and the P.O.C had not yet broken below. Waiting for the next brick (3:29PM) gave all these confirmations and I sold.

-

Both trades went very well, it has been a long day and week, I am going to call it a day. I exited the trades with +1.2% profit each at new lows 30 minutes before London closed. I believe this USD strength is month end rebalancing and as such could dry up on or before London closes - when volatility slows down anyway. I caught a lot of this strength in a relatively short time, I am very happy with the trades and staying away from the choppy market immediately post news.

In total, today’s trading resulted in a 2.5% gain. After a very slow start with many fakeouts and small losses, staying consistent and ready allowed me to finally profit when this USD strength came through. This concludes the journal.

Thanks to those following along, I have a interesting post coming up of a powerful observation I have made (among others) after two weeks of trading this strategy and using the Renko Footprint Bricks as a different way to visualize order flow data. I will also choose some of these trades to do full case-study type breakdowns, to better understand any reoccurring features of these charts (Renko Footprint) in general. I again apologise for any spelling/grammar mistakes, sometimes I am writing it in the heat of the moment. That aside, to anyone reading, have a great day/night!

Trade safe,

MM

Sorry I don't have this in my TV.
Is this for paying users only?

Life, like trading, is tough, complex and ultimately - you never know what's around the corner. On Monday my old family dog had a suspected stroke or severe disease episode with all its symptoms. As of now doggy MM has not given up - but improving god bless him. I am taking a break from spending my free time posting on FF for maybe a few days or a week.

I am still trading as of now but it's limited - No trading Monday (took a loss early morning as these events unfolded and I was away from desk) and limited trading today and the rest of the week. I am aware of the heightened emotional state I may be in and its negative effects on trading performance and as such both risk and general trading frequency will be reduced.

Trade safe,

MM

what platform you use to setup this strategy

Update:

Hello everyone I hope you are all well,

I recently took a break, a break longer than I ever have had from trading before! It worked, I feel refreshed, clear-minded and excited to continue trading. I have been trading last week and continuing this week. I find myself very busy most day’s but I am going to elaborate on this thread and quickly discuss what I’m going to do on ForexFactory going forward.

Before I took an abrupt break, I was trading this extra test-strategy amongst my other full-time strats. Now, granted I didn’t trade it for a particularly long time, the account (after drawdowns) remained at breakeven, and at this point I had the data and experience with Renko Footprint Bricks I set out to achieve; I do have to go through my journals and the thread to refresh my memory on my prior work (pre-break). If anyone wants to continue testing/improving what I set out above, send me a PM if you need some more help/info. But for me, currently, it’s not worth the extra attention needed, I need to refocus my cognitive effort into my main strategies and get back (mentally) where I was before the break.

This is where it (for me) gets really interesting!

Before I took a break, I had started working on something I’m really intrigued by and, for me, might be revolutionary - in relation to Auction Market Theory.

So I have two announcements I guess:

1. As some know, I am going to create a new Auction Market Theory (AMT) thread with some of the best education I have compiled and customized over the years; explaining what it actually is and how traders/investors use it - in an easy to understand way, I think FF is missing this unfortunately.

1. The use of Renko Footprint Bricks can be effectively used in conjunction with a normally complex, misunderstood aspect of AMT activity, more specifically Initiative Activity.

A lot of traders simply do not trade Initiative Activity due to its potential for high volatility and the increased subjectivity it requires. Renko Footprint Bricks may be able to provide AMT traders with a means of measuring the (unbalanced) activity and monitoring the strength or probability of continuation etc. Maybe more importantly, it adds a layer or objectivity; creating a strategy around the formation and confirmation of Renko Footprint Bricks can be much more objective than the equivalent on a standard candlestick/footprint chart.

The skills and knowledge of Renko Footprints will become essential for this type of trading, so this thread is a great place to start to understand what it is and going forward, this is where I will post any Renko Footprint related findings/analysis/ideas and so on.

That aside, it’s great to be back and trading, I think I have a lot of value I’m ready to post to FF; and then my own AMT strategies! To anyone still reading, have a great day/night.

My new AMT thread: https://www.forexfactory.com/thread/...rofile-trading

Trade safe.

MM

hi making moves, so im new to futures and was wondering what platform as you using?