Thank-you Dee and PhillipineFX for your continual support. Regarding this Price Cycle trading approach, I truly believe that you need to introduce an effective filter that will clearly tell you whether the instrument is trending or moving sideways. It stands to reason that if it is trending up, you only going to take up cycles and if it is moving within a range, you take up cycles when price nears support and down-cycles when hitting resistance. Taking down cycles in an up move is going to be a recipe for disaster in most cases as the down cycles...
I want to ask you something I spotted earlier on your charts - I can see that a lot of opportunities for entry you let a go and you does not care about them. Or very often you are out of trend entries and you entering only against trend, is there something special about that or only - you are not interested about entry to every move ? {quote} I think, the best way of spotting Trend/Chopp condition of markets are still cycles - take average of bricks from OS to OB, as mentioned Philippine, 8-12 bricks is ideal, when you have more, switch to higher Renko, if less, switch to lower Renko, there is no reason looking for other Trend/Choppy filters. It is impossible predict choppy market or trend market with any indicator, only you are as trader able to do is accomodate. But everything what works for you is good
{quote} Honestly every couple trades I walkaway from the computer to clear my head...the nice thing about scalping is if you miss a couple trades the next one is often just around the corner
) Because you must agree with me in this - those scalps are everywhere, 123 + divergence, Fibo bounce, S/R bounce, double top/bottoms. And as you wrote, there is no reason to dig maximum from market everyday, high leverage and bigger lots can make you same salary as runners, so now I understand why you do not enter to every setup 
{quote} Yes, I thought that it must be something like that
dax 15m sorry I do not have my MT4 to post renko chart.. {image} I hope in this target but fibo+tl doing some nice res {image}
heelo matomi for your 8-12 bricks per cycle ..do you count the red bricks also in an up cycle...cos sometimes it goes a bit zig zag before it really completes the cycle .Do you want to see 8-12 bricks in the 10 renco or 3 renco ??
.....folks do not worry about the exact count of bricks...there is no Ideal Brick Number .....instead look for a price cycle that had a nice correlation to the Oscilations of Stochs and Macd....just OBSERVE at first....eventually you will start to see and feel it.......go back to post 4456
{quote}
heelo matomi for your 8-12 bricks per cycle ..do you count the red bricks also in an up cycle...cos sometimes it goes a bit zig zag before it really completes the cycle .Do you want to see 8-12 bricks in the 10 renco or 3 renco ??
It can happen but not on "Average".
