I had to abandon this for a while because I wanted to trade it with Renko but it seemed it was unattainable presently until I thought that if I overlooked Volatility 74 Index I might be able to trade some other Index with it so I looked and found ...

Synthetic indices trading

I missed the earlier moves so was too much in a frenzy to make trades. If I had calmly traded it would have been a different story

Renko Easy Patterns

What you get when you don't follow the rules.

Renko Easy Patterns

EURUSD looking good

Renko Easy Patterns

I like trading divergence and the MACD line and I've found that the MACD histogram both highlight divergence and we only wait for the follow through by way of brick colour change. there are very few instances where the follow through doesn't pan out ...

Renko Easy Patterns

I could not catch the FO action but the Masi MACD gave a Classic Bullish Divergence alert and I waited for the follow through and delayed for a little discount.

Renko Easy Patterns

I need to work more on committing to price targets and Fib Retracements and Extensions will be used more going forward in addition to the pivots.

Renko Easy Patterns

Additionally the higher brick chart can also encourage one to continue in the previous direction

Renko Easy Patterns

Okay so it's like a Matrix now, the pure form is to follow an alignment of colours and flow with the trend. image Then we need to filter some trades out as much as possible and that is what the 64 period HMA is on the chart for. image Then of ...

Renko Easy Patterns

So much great stuff here, it's like enrolling as a freshman in Renko College, thanks for sharing, let me catch up from post #1 before I make any further posts.

Renkology

The Higher brick chart shows the validity of the Hidden Divergence between the 25 & 50% mark image The HMA is 16 period, 2.2 divisor and shifts 0 and 1

Renko Easy Patterns

Some more

Renko Easy Patterns

Some observations.

Renko Easy Patterns

The main ingredient is the HMA image There are 2 on the chart the other is with shift 0 The indicators are several but not resource hogs. image

Renko Easy Patterns

Here are the tools.

Renko Easy Patterns

It's just to find the pairs trending nicely at FO and find a good entry. image image image

Renko Easy Patterns

I have been tweaking and tweaking and tweaking, trying to find the highest winning rate approach (for low equity trading) It's come to this. image I missed the early FO moves but was offered a generous discount which I happily took. image

Renko Easy Patterns

image The maxim is "Buy the Dips and Sell the Rallies" those are the opportunities for discount scouting. My execution yesterday was poor

Renko Easy Patterns

I missed the early moves but caught the discount the following day. image The sweet thing about scouting and taking discounts is you can afford the smallest SL just in case the pullback becomes a reversal like this. image here you'd have lost 4 or ...

Renko Easy Patterns