Trading EURUSD only

enable wicks
without wicks its a car without wheels.

this is still R1
there are 10 bars in 10 pips

if your charting 5 digit
you should set it to 40
not 4

daily range even after NFP 52 pips

Haven't got a wick option on my charts.
1m R1 is what I see working for me,
especially for timing turns and entries.
I'll back test, and live test it though.
Method: 3 Bar triangle for the turn + 1 bar confirmation + MA confirmation.
Cheers mate!

you can not trade with it.
you even can not see bar printing

1 pip ~= 3 tick
Average

nfp the big kahoona is friday, have to wait a little for that one yet

I am not waiting for news
actually staying away from them

This is the chopping zone, and i'm getting chopped into pieces....lol

this is more then Chop

a wrong entry Stop Out
it was wrong Momentum cought me

-12

S***

Long@3023, quick scalp, TP anwhere north of there and away from this chopping zone..

careful my friend a down trend that has broken alot of support zones already

Based on my 4h chart with the gas tank half full I think we will see 1.2990 minimum, if we break this TL which looks like a very strong chance we will.

Hello all,
the Dollar Index is the King and it's good to analyze where/when it could top-out. This is my latest analysis for it.

The Dollar Index could be very close to a reversal. On the daily chart, the sequence of measured moves higher, which was currently trading in extensions long, failed with price moving below 82 (I had indicated that level in the free weekly Newsletter). That failure, along with the traditional long that offered support yesterday and today (see scenario 1 below) is pointing to highs at 82.78-85 or slightly higher.



Following are the two scenarios I was able to identify. I think the second scenario has less probability to take place:

Scenario 1. After failing the sequence of measured moves higher, with price moving below the 82 level, the Dollar Index found support in the same area. The 81.90 level held indicating a target in the 82.78 level. This is very close to the 82.84 first target of the failed extension long (Busted setup pattern). So I anticipate price moving into the 82.70-90 and then a swift move lower due to profit taking.

Scenario 2. There is still a possibility for price to continue higher, but that would mean that the Euro-Dollar could not find participation at the 1.2900 area.

Let me know your thoughts.
Thank you
Have a great day
G.

Thanks Steve.
I've mucked about with it and this is the best I can tune it on my setup.
It prints the Trend, Corrections, even prints an SHS.
I have it side by side with the Candle chart [same time frame].
You can't argue with the Renko Trend direction.
Very clear IMO.
I will add it to my system,
even if only to confirm the Trend.
Cheers mate!

15m Chart:

enetred SH
it entered with 4pips of slippage

exited BE

this is how brokers make easy money