Discussion about Renko : (from Varun's thread)

[simple]

Try to increase the brick size and or lower the time frame between 5 to 3 mins. keep both reversals to same value.

Thanks sir for the reply..... yes it worked.... Did both the things that you mentioned .. So a BIG Thanks to you !!!

 

[doss186]

Thanks sir for the reply..... yes it worked.... Did both the things that you mentioned .. So a BIG Thanks to you !!!

But my friend, there is a better renko system than that. I'll post that soon, and don't take any major trade using the renko at your hand.

 

[doss186]

For crude traders, 3926 is a first support and 3965 is second support, we may look a bullish move beyond that

 

[simple]

But my friend, there is a better renko system than that. I'll post that soon, and don't take any major trade using the renko at your hand.

Thanks @doss186 for ur selfless service to novice , non coders like us. Would be really nice to know that system too

 

[doss186]

It has been may days since I used my renko system. I just revived it and the result seems to be hard to believe.

 

[chinna.232]

Hi doss ji,

Can you please share the code. I did not find the link in earlier posts.

If anybody has doss ji's code, please share.

 

[doss186]

The prices move in fractal waves. If we can identify the impulse wave direction then we can take trades of correction in the same direction without
any emotion. I'm expecting a low below 4166 because the minor correction should come in minimum three waves.

 

[doss186]

4137 is my second short target and 4057 the third.

 

[doss186]

Now there's a beautiful 5th wave formation in copper. The impulse is in downtrend and the correction wave is in 4th wave. As per wave principle fourth wave can never come in territory of second wave and a trend change can never happen in 4 waves. That gives us a clue the copper will make a low below 425.55. Lets wait and see.

 

[doss186]

Yes my third target 4057 in crude hit just seconds before... and as per yesterday's forecast copper is already 10 points down. wave count is great rewarding trading method.