Single divergence. Failed to give 161.8% target. Divergence is not reliable in a trend. Using Animal Farm entry of first confirmed lower high this would have been avoided. But the DeMark entry was valid and gave expected profit target easily. ...

Rainbow Magic with CRB charts

Wabs method keeps on working. Nice for the Asian market I just modified what he taught to suit me. My rainbows give strong visual confirmation. MACD does as well but I'm used to the rainbow chart.

Animal Farm (Renko system)

DeMark 100% targets.

Rainbow Magic with CRB charts

Chart says it all.

Rainbow Magic with CRB charts

KaChing!!. In the bank.

Animal Farm (Renko system)

Today's market. Ideal for Demark trendline entries. Waiting for last one to play out expect it to enter area of the elipse.

Animal Farm (Renko system)

Yesterday we had a ranging market which lends itself well to MACD divergence trades. Today was a trend day. For that we need only to take pullbacks with the trend. Have a look at the rainbow - X-Ray of the trend. Rainbow unable to break down thru ...

Rainbow Magic with CRB charts

Today's roller coaster. All MACD divergence except one MACD double bottom. Last divergence not traded as the previous divergence still had not achieved its 161.8 % target.

Rainbow Magic with CRB charts

Trying to learn Elliot wave counts. Bit tricky to say the least. I'm using MACD divergence to show me where a wave starts and count from there. Wave one doesn't look like a divergence but on shrinking the cart there is a very clear divergence from ...

Rainbow Magic with CRB charts

Just finished reading through Bill Williams books Trading Chaos 2nd ed and New trading dimensions. A fascinating read but I note he trades futures which react just a little differently to the Forex market we play. He makes a very challenging ...

Rainbow Magic with CRB charts

Wab could you please expend on this: "You may also notice that moves that are in sync with the trend direction, tend to not have a lot of overlaps. Whereas moves against the trend, tend to have more overlaps. (More Elliott.)" What do you mean with ...

Animal Farm (Renko system)

Wab Alternatively try this little indi, I found in my files, does the same thing. (I can't remember where I got it from)

Animal Farm (Renko system)

Wab if you're playing with the semafor set it as follows : Period 1 to 0 Period 2 to 0 Period 3 to 21 Only use the stars to draw your lines and presto look at my picture! Am I getting close???? OR Period 1 to 3 Period 2 to 5 Period 3 t0 21 for all ...

Animal Farm (Renko system)

Wab, Re semafor "A question for you about the semaphore indicator that you use. Does it slow your computer down? I was tinkering with it today and it made my machine bog. Maybe I was on too low a time frame ?" Yes if I use it on many charts at the ...

Animal Farm (Renko system)

Cool thanks Wab. No I haven't read Bill Wiliams book. Will get a copy. Been a busy day and I've had to come and go from my computer a few times. Here's my last trade on the AUD/JPY. Late entry but looked like heading the right direction. (I checked ...

Animal Farm (Renko system)

Can't seem to pick them at the moment. Changed to the AUD/JPY from A/U after yesterdays frustration. Got a nice entry using a limit order below the CRL. Manually trailed the stop at the fractals. Exit at 4 pips. Next trade please!

Animal Farm (Renko system)

Well today's trade was an exercise in frustration. What a mess of a chart. Out at BE+1. Entered between the BWCRL and the standard CRL Better than a loss. Bring on tomorrow.

Animal Farm (Renko system)

Same chart but with the rainbow.

Rainbow Magic with CRB charts

Can't stop learning new stuff. Now using Animal Farm method. Advantages are that I can use the mean Renko which gives nice smooth charts. The method is simple and gives clear setups for a market reversal. That Master Fib is the key. Once the setup ...

Rainbow Magic with CRB charts

Hi Dene, I use mean Renko chart set to 25 the Renko generator is from Ovo (I DO NOT REPRESENT or have affiliation with THIS COMPANY I just like their product). Just Google them and you'll find what you need. My template is on post 415. Hope this ...

Animal Farm (Renko system)