Rainbow Magic with CRB charts

This mornings trade. Frustrating...it went where I expected but I had to leave my terminal so I moved stop to BE plus a bit and placed a take profit......Typical it took my BE plus before it headed for my TP. That's trading.

Tradus Interuptus. Twice in one day. I'm going to unplug my phone.

The power of divergence the first pullback and a FIB. 5 Pip Renko Chart USD/JPY

261.8 FIB ext Reached with ease.

RSI 4 Divergence. Enter on TL Violation.

Update. For Safest Trades (Look at the elipses)
Rules:
TDI pullback green doesn't break red
CCI U shape (only one bar needed)
Fantail stepping or Reversal formation after starbar Semfor.

Winner Winner Winner!

Love it when the banks decide it's time to make some cash!

Placed my breakout trade and a distant TP based on FIB...........went to the toilet and came back....my goodness. $$$ in the account. Went thru my TP by a stack. Doesn't matter. I can take the rest of the day off!

Animal Farm summary.

https://www.mql5.com/en/code/13800
Download v04

This road map indi is amazing. Note the impulse waves only change color after breaking thru the e line (previous lo or hi)
Use the 1st impulse wave to draw your Fib. On renko charts I draw the Fib from the open of the bar that creates the 1st impulse to the close of the bar that creates the 1st impulse. Deadly accurate.

Hi - following you over on Wab's thread as well. Couldn't work out how you got the horizontal green and red lines which show in the word doc example.

Hi Handy. Those lines are part of the roadmap indi.

Bit tricky this morning. Remember I'm a scalper.
On 8 pip Renko. The dark ellipses seem to indicate possible divergence entry to the upside.
Pay close attention to the alligator. Price was not using it as support yet. Up moves failed.
Last ellipse E line became support, alligator became support, divergence over a long period, pullback obeyed the Fib.
Make 161.8% fib the target because ...... remember Wab's figure 4. also ended exactly at 161.8% and this level coincided with a previous LH (highlighted) and a significant LL from yesterday (can't see it in picture but it was there. you can see it on the HBF chart !) that could become resistance.

The higher brick level gives another picture. 41 pip Renko. (Brick size established by ovo autorange indi) Again long period of divergence so expect trend change to the down side again on the bigger perspective.

Today's quick scalp.

Saddle time to straddle!

Using a line chart helps to see the story behind the bars.
Some nice waves on the AUD today.

Interesting material.




input over_bought = 40.0;
input over_sold = -40.0;
input Mid_Line = 0;
input dlength1 = 6;
input klength1 = 15;
input dlength2 = 18;
input klength2 = 40;

script Stoch { input percentDLength = 3; input percentKLength = 5;
AM Bayind > dual stoch momentum index (standard indi x 2 on the same separate under-price chart window)

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k% and d% values in both stoch important

"slowing" in both stoch not visible (eg. white line if white background), because "slowing" parameters in both stoch irrelevant

levels - 1st stoch (silver, 90, 10), 2nd stoch (yellow, 25, 75)

--

this is only my interpretation of AM Bayind SMI
OK SMI is pretty darned good. You need to watch her (Anne's) vid to see how she uses it. She has given two sets of settings for the SMI. First one in her book is a 6.15.3.5. The second set which I find more powerful is a dual setting. The fast smi is 12,4,2,1 and the slow smi setting is 40,10,1,1. Levels are 40, 0 -40. Obviously no indicator is stand alone.

Basic idea is that if the slow smi crosses over the 0 line then that is a trend change for that time frame. However if the slow one stays under (or above for the uptrend) the 0 line, then the oscillations of the fast one are just retraces into support/resistance, with the main trend carrying on. So one can trade both sides ie trend and counter-trend with a good level of confidence.

SMI coupled with pivot point buy/sell/confluence zones, basic trend trading strategies (multiple time frame analysis, fibs) and inter-market analysis form a coherent complete system
OK SMI is pretty darned good. You need to watch her (Anne's) vid to see how she uses it. She has given two sets of settings for the SMI. First one in her book is a 6.15.3.5. The second set which I find more powerful is a dual setting. The fast smi is 12,4,2,1 and the slow smi setting is 40,10,1,1. Levels are 40, 0 -40. Obviously no indicator is stand alone.

Basic idea is that if the slow smi crosses over the 0 line then that is a trend change for that time frame. However if the slow one stays under (or above for the uptrend) the 0 line, then the oscillations of the fast one are just retraces into support/resistance, with the main trend carrying on. So one can trade both sides ie trend and counter-trend with a good level of confidence.

SMI coupled with pivot point buy/sell/confluence zones, basic trend trading strategies (multiple time frame analysis, fibs) and inter-market analysis form a coherent complete system

Put 2 copies of SMI on the chart overlay one. Correct the settings and change color of one to get signal line.

Renko SMI rainbow template.

Already in the money. Even before Tokyo opened. Love that AUD.

Thank you Sydney.