This afternoons trade. Late entry and early exit off the 100% bounce. But you can see the 161.8% extension was easily hit.

Animal Farm (Renko system)

Hi Eurix. Well spotted. Yes, you are quite correct it is not a confirmed HL. I was using it as a BW Fractal instead (first fractal to break through the teeth line) You will note from Wab's posts that either method is acceptable (when seeking ...

Animal Farm (Renko system)

What did I do now to upset those gnomes? I went to sleep and the Gnomes went crazy because I thought I could make a market forecast. Maybe that hat was not such a bad idea. Big lesson - expect the unexpected.

Animal Farm (Renko system)

Please excuse my spaghetti factory of variable moving averages (I'm working on something else here to see the waves). But just check out the BF fork configuration (Using the E line) on the AUD/USD; using those lines and the Master Fib anchor from LL ...

Animal Farm (Renko system)

For those of you who spend long hours staring at screens, I've found this template to be easiest on my eyes. !! AA Animal Farm Eyesaver Basic.tpl I also use the #4X 3 semafor alert.ex4 a lot as it helps me to see the important fractals quickly. (Not ...

Animal Farm (Renko system)

Thanks for your advice re reading the charts. The market had other ideas though. Big down move. I was stopped out. Plenty more trades to come. Trailing pending stop order sounds great. That way you can get in early at each swing!! Love the idea. ...

Animal Farm (Renko system)

Today I feel confused. My bigger block size chart says possible up sequence AO on up side. My smaller block size says possible down sequence AO on down side. Don't feel like the planets are aligned today.

Animal Farm (Renko system)

Wab

Animal Farm (Renko system)

Update to post 402. Patience was all that was needed. Gave a wonderful sell signal just before Frankfurt opened. Pullback to the 38.2 and lovely extension to 61.8. Then second pullback to the 23.6 which extended to the 100% level. Its amazing how ...

Animal Farm (Renko system)

The only other way to have handled to-days mess would be to reduce the Renko brick size. That would have given me some nice trades. Hohum. Thinking.

Animal Farm (Renko system)

Well this morning was another sit aside morning. Monetary policy minutes came out so not sure what to do. There was a BW fractal which I spotted in hindsight, if taken it went to the 61.85 extension.

Animal Farm (Renko system)

Yesterday I didn't trade as I wanted to see how the AUD/USD reacted after the weekend (and my own lack of confidence). It opened with no gap and continued to move down with a few possible signals. One of the 50% fib and two trend line breaks with AO ...

Animal Farm (Renko system)

Hi Mor. I use median renko bars as they give nice smooth movement of price. I also have standard Renko charts but the median Renkos allow me to see the signal a little earlier. Particularly I pay attention to the wicks as fractals often form there. ...

Animal Farm (Renko system)

And one more to finish my day. Exit at 61.8 due needing to do other things and AO looks very rangy at this time.

Animal Farm (Renko system)

I think I'm in love. That first swing on the new trend and the fibo!!!!!!!!!!!!! Wab may your prospecting pan be filled with gold nuggets.

Animal Farm (Renko system)

If like me you like reading things on paper and cutting down trees and supporting the printer ink industry this may be of use to you. Thanks Wab you are opening our eyes to market structure in a simple way. Keep up the ...

Animal Farm (Renko system)

Wab I've been practicing drawing Forks (white lines). To use the vernacular they gave some forking good signals! Combine them with the AO and Renko shade for confirmation they are terrific!! I will now use them regularly!!

Animal Farm (Renko system)

Allan, Copy Indicator from file attachments. open data folder then double click on MQL4 folder Then double click on indicator folder put cursor on any blank white area and right click to paste. Exit Now go to Navigator Right click on any blank white ...

Animal Farm (Renko system)

I missed this mornings trade marked with the ellipse. There was a BW Fractal below the 8MA and divergence though the LH was only marked by a small fractal not a 5 bar one. Would have been a great trade. Hopefully a new LH, LL sequence will start.

Animal Farm (Renko system)

When the Renko Shade takes a long time to form a new bar......could be consolidation or possible trend change as with the AUD/USD just now. Of course lots of USA data coming out tonight - that's probably the culprit.

Animal Farm (Renko system)