Since price is not 100% likely to reverse at the S/R levels, I figured that it is much better to use something that dynamically reforms to pick up the tops and bottoms and have lower SL target with bigger target profit. I am using this on a 100 - 25 ...

Need Best Support and Resistance Indicator

Sorry, been busy with other stuff lately and unable to check this thread. TP 50 pips sounds good if you are checking the same chart using a lower Renko range value or other using signal confirmation before you open a trade... RR 1:2 or TP 200 pips ...

Trading 50% Retrace

Every time your pending orders are reached, it means the price retraced 50% or 50pips from the time the previous candle has closed. image

Trading 50% Retrace

Haven't considered it with this one. But it may be a good idea?

Trading 50% Retrace

There are pairs that have more winning rate with different Renko Range settings but majority of them are fine with 100 pips range bar. Basically the higher the range bar the less noise but you also get less trade because it rarely reach 50% retrace. ...

Trading 50% Retrace

Pending Order Examples:

Trading 50% Retrace

Maybe this will help you: url

Price Action or Indicator?

Thank you for sharing!!!

Something Interesting You Can Post Here

Yea, I realized that, so jereajali is probably doing something different than just following waves and fibs. I think Kosmo's having it good.

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