Hi ,

I decided to begin a journal using a method which suits my style of trading and doesn't involve any indiors, only a bit of overall trading'common sense', respecting previous SR and placing some fibs on a current move.

I am trading, amongst other, the EURJPY using a Renko chart in another way into the standard.

Instead of set a Renko chart up to have 1 box equal to a number of pips (10,20,50 anything ), together with the connected indior I will almost'tape commerce'

The chart below is set together with the Renko chart configurations: BoxSize 3, BoxWidth 8 (this can be less to more to suit your eyes! The reduced number the narrower each box attracted will be). I open the M1 EURJPY chart and include the Renko Ticker. I then proceed the indior to take up the majority of the display as you can see.

Please ignore the times on the chart as this is NOT the time of this transfer as the Renko chart does not proceed with the candles in the minized candle chart on very top.

There was a down'trend' out of 118.67 (11:15am to look at your charts) into 118.382 (at 11:35).

On discovering this was retracing I then place the standard fibs on the indior chart as you can see.

The 118.50 level looked very interesting as it was virtually bang on the 50% retracement level of this down move and had some'preceding' together with all the down move. Since the down move had broken this amount I was expecting it for a resistance level to the current retracement.

So I went short using a 12 pip SL.

https://www.forexsoutheast.asia/atta...1977301851.ex4
https://www.forexsoutheast.asia/atta...1243963922.mq4