Here is one more big picture look at the yuppie. Price never changes direction on a whim. There are always reasons for reversals. In order for buyers to overwhelm sellers or sellers to overwhelm buyers, they must congregate. Renko accentuates these areas. Hope this helps provide food for thought as to why price moves the way it does. If you understand this, then you understand price action.
Hi Chris,
This is what I am trying. I attach a chart (not MT4) that shows HA candles 'inside' Renko. The thick black lines show where the Renko bricks would be. They are calculated using the Renko 'rules' for 10 pip bricks.
Maybe someone could code this for MT4 - I find it very interesting.
I like your comment on indicators for Renko. I came to the same conclusion some time ago - no one listened
... It's an indicator, not a script. 
Hi, for those who trade specifically at the open of the Tokyo, London/Frankfurt, and New York markets. It isn't gauranteed that a tradeable move will happen at these times, so how long do you watch the charts until you go away and wait for the next open. For example, when trading the New York open (9:30am EST) do you watch charts from 0930-1000, or 0915-0945 etc? I've been looking for trading oppertunities for 30mins after the open, but I'm just wondering what other people are doing?
Regards,
Matthew
studbiol,
would you mind posting your most recent chart without any indicators, and with all the bricks a single color, whether it be green, red, white, etc., so that up bricks are the same color as down bricks. In other words, make the chart as simple as possible.
So finally momentum went down, created a triple top and after a retacement there were some pips to be made!
IT'S A FREAKING PATIENCE GAME
The three most important characteristics of a good trader, in my opinion, are consistency, discipline, and patience.. Just getting a feel for basic Nitro, I will certainly add more rules as I refine it. I'm a little trigger happy for sure.With all due respect, that first trade was against a major uptrend, meaning the probabilities were not in your favor. Unless you were certain there was major resistance on the other side of that highest block, or unless the other pairs were making major moves to the downside, that was a less than 50/50 trade. The fact price hit your target is more luck than anything--not that luck is bad, you just can't rely upon it when determining probabilities. You said your trade criteria was met. I would add one more rule to that criteria, probably the most...
