Renko line in the sand

I did 3 trades and just basically watched the remaining of the market moves.
This BB% is really intriguing, I am asking questions and getting some mind blowing answers, just hoping this thing is consistent, it'd be the "Holy Grail"

Yesterday I had time in the morning for just 2 trades, and there were there were plenty opportunities thereafter which I was not available to exploit.

Then today I had to go out early in the morning, came back to find the market still open, I took 2 trades from the Renko 2 chart miss applied the SL on the first one,( my trade manager is set to 3.2 SL on the Renko 1 chart and 6.2 on the Renko 2 chart) else I would have ridden the fall from the first trade to S2 hitch free.

I had to distract myself a bit to see how to improve my game and I tried my hands on USDJPY but just didn't have enough time to really devote to it, I then decided to go higher to the 10/2.5 which I saw as better but still it did not take care of my taking little drops from the Forex Ocean. I settled on the 200/50 or 20/5.
I have been testing the waters and decided to see the advantage Mean Renko give and I'm kind of loving it so far, I am seeing my ultimate combo in the Mean Renko to be 20/10.

See the Regular Renko below.......

The median Renko was just too sweet in giving a Higher Brick signal and a very precise Lower brick entry, I will be rooting for the 200/100 combo, so help me God.

Hi Intrepidpips,

Can you share that Vdub BB indicator. I can't find it anywhere?

Thank you

Right here on FF.

http://www.forexfactory.com/showthread.php?t=612642

Thank you brother.

Good trading to you

Cheers

Went back to my old favorite pair.
Decided to go for the 100/50 combo, missed the first opportunity because it did not align with the bigger pips brick so I knew I had to modify the MAs to fit.

Came back home to find I had missed good chances.

hi interpidpips, can you share your template ?
thank you

I added the BB to the 10 pips chart and the Quartile Bands to the 5 pips chart.

There was a Double bottom divergence on the 100 Renko at FO that I missed and when I had time to trade I entered validly on the 50 Renko but in hindsight I should have waited for a pullback on the 100 Renko. I decided to increase my SL after the 2 losses and took the 3rd opportunity (after the pullback and during the formation of a bullish bar on the Renko 100 chart) only to bail out at the temporary top of the Quartile Bands after I'd moved to BE and price moved far beyond my TP. came home later to see what was left on the table.

A little tweaking still going on, soon I will.

Hi, how do you trade with quartile bands ? And whats the best indi you found to work best with renko so far.Thanks.

I found the bands here

http://www.forexfactory.com/showthre...56#post9590756

And I'm still studying it, it's like a kind of BB with contraction and expansion and break out, it promises a lot in ranging and trending market conditions.
I use the default settings.
There are so many indicators I have tried out and am still open to whatever gives me what I want to see, I want to see a continuation of the trend and most oscillators will give you that with a hidden divergence. Often times trend reversals can be seen with Double top/bottom divergence and Oscillators can help.
For now the BB% is doing a great job.

TOPS AND BOTTOMS?

I think trading Tops and Bottoms comes down to defining the risk and living with the consequences. The bottom held at a slightly lower price but I stayed out.

Here you go.

Even the Holy Grail needs an all or nothing commitment.

Trying to right my wrongs but still getting in the way of myself.
I decided to go higher 120/60 bricks combo so that I can average higher wins.
There was a seeming short opportunity, a counter trend scalp but it went wrong.
What has come out of today is some great set-ups for CT trades.