url This is not a Forex market, but I'd appreciate an expert VSA analysis of this crypto currency chart... anyone got opinions? image

vsa with Malcolm

Is the avatar a tea cup because the tea leaves are telling you things ? I actually agree with your short term analysis Best of luck WG

Who Is Guru?

Hi, Yes, I understand what you are saying about drawing them yourself. I have found the indi anyway which as a beginner, I will use along with anything you post to take a look. Thanks, WG

My forex Magic Wave

Really good ch-arts ! Please keep it up .... I will be checking in regularly samdani786 !! Quick question: In your other thread you opened you seemed to have an indicator that detected the patterns you look for such as Gartley, Butterfly etc. but ...

My forex Magic Wave

Exactly what I was going to ask! Interesting start to the thread.

4 hour trading entry and exit almost to the pip

25 pips up. Some profit taken and SL set at BE on the rest

Scalping away with 1/3pip Renko charts

Just gone long GJ at 142.77 SL 142.45 Target 143.42

Scalping away with 1/3pip Renko charts

Hi I don't use any other indicators. All I use before I start trading is a chart, say the 15 min chart, to show me what is happening. I actually traded the GJ today early on and then called it a day quickly after I got in on the initial retracement. ...

Scalping away with 1/3pip Renko charts

It is amazing sometimes how much actually 'goes on' inside a simple 1 minute candle !!

Scalping away with 1/3pip Renko charts

I look forward to your feedback tomorrow when you have some live charts to look at. Regards, WG

Scalping away with 1/3pip Renko charts

Yes the 1m or 5m charts will be ok too but the Renko charts show the levels where there has been a real price 'stall' recently - this is often something that cannot be seen just looking at a completed candle over say 5 mins. I am looking for very ...

Scalping away with 1/3pip Renko charts

On chart 11 - price gets to D. This is the original 23.6% level 90.80 (see chart 3) I drew and price gets there for the first time again. Sure enough it bounced away for a 25-30 pip move. Price gets to point E (which happens to be the first time it ...

Scalping away with 1/3pip Renko charts

Now I look for either a) Price levels we return to for a bounce (see point B on chart 10) or b) New mini trends form, retrace and then get in at the appropriate fib levels to get in the continuation of the trend. Chart 10 shows a good scalp setup at ...

Scalping away with 1/3pip Renko charts

and then price reverses.... (see chart 9)

Scalping away with 1/3pip Renko charts

Second Profit target is hit (see chart 8).

Scalping away with 1/3pip Renko charts

To have a look at the 'bigger picture' I go to the 1 minute candles chart (everything is relative!!). As we can see nothing to the left as far I let the long trade ride, moving my stop a few pips below each subsequent higher swing low in the move. ...

Scalping away with 1/3pip Renko charts

We hit the first Profit Target in screen 6. I then watch price action and also look on the candles chart to the left to see if there are any obvious levels of resistance which are likely to stop the move going much further.

Scalping away with 1/3pip Renko charts

After briefly falling through this level, price quickly reacted and this is where I go Long at around 90.69. 1st Profit Target: Swing High 90.90 (21 pips). Stop loss 3 pips below 78.6% retracement level 90.52 (17 pips) 2nd Profit Target: 45 pips + ...

Scalping away with 1/3pip Renko charts

On screen 4 we can see that price, having respected the 38.2% level on many occasions, has now retraced down to approach 90.68, the 50% retracement (or Pivot) level. Time to closely start watching price action ....

Scalping away with 1/3pip Renko charts