Patterns Observation.

[Don_xyZ]

Let's do another brain exercise today. TRO's indi sweetspot gold. Can't call this an indicator as it just plot lines on prices so I put this post in this thread instead of the BONZ thread....

sweetspot gold is NOT my indicator. I just modified it.

My bad. I meant to say your version of that indicator is the one I'm using. I think in the music industry they'd call it "SweetSpotsGold TRO's remix"

[Don_xyZ]

Done for the day chart ep.1

This should be a good chart for anyone to practice anchor trade.
Coz in the coming days you might not see a chart posted on this thread anymore

So, by now you already know where my entries and exits are, yes?

Dot chart.png (17.04 KiB) Viewed 966 times

Just in case some of you miss it, I've switched from a line chart to a dot chart to make it easier for the eyes with a much simpler, less object chart. But I'm currently perfecting the no-chart technique to make it even simpler.

[kiwiarian]

Done for the day chart ep.1

This should be a good chart for anyone to practice anchor trade.
Coz in the coming days you might not see a chart posted on this thread anymore

So, by now you already know where my entries and exits are, yes?

Dot chart.png

Just in case some of you miss it, I've switched from a line chart to a dot chart to make it easier for the eyes with a much simpler, less object chart. But I'm currently perfecting the no-chart technique to make it even simpler.

The way you are going, if you ever do that course, it's probably going to be a one pager

[Don_xyZ]

Done for the day chart ep.1

This should be a good chart for anyone to practice anchor trade.
Coz in the coming days you might not see a chart posted on this thread anymore

So, by now you already know where my entries and exits are, yes?

Dot chart.png

Just in case some of you miss it, I've switched from a line chart to a dot chart to make it easier for the eyes with a much simpler, less object chart. But I'm currently perfecting the no-chart technique to make it even simpler.

The way you are going, if you ever do that course, it's probably going to be a one pager

GIGA LOLZ

At one point, I might even stop posting on Kreslik coz I don't have anything on the XY axis anyway

Me: Ok, here's "Done for the day's chart" (give blank chart)
Thread visitor: What the freak Don?

ScreenHunter 70.png (249.27 KiB) Viewed 918 times

Me: Exactly. Let's do the coffin dance...

[Don_xyZ]

Now that I'm looking at it, I think sweetspots can be used as a Renko chart. Each line is a box. This way, you don't really need the actual EA on MT4/5. If price can break and close above/below a line then it's a complete renko candle.

Screenshot_20230321-171116.png (146.6 KiB) Viewed 819 times

[IgazI]

Now that I'm looking at it, I think sweetspots can be used as a Renko chart. Each line is a box. This way, you don't really need the actual EA on MT4/5. If price can break and close above/below a line then it's a complete renko candle.

Screenshot_20230321-171116.png

I'm still going to advocate for lines every 4 pips and 100 pip main levels =)

[Don_xyZ]

Now that I'm looking at it, I think sweetspots can be used as a Renko chart. Each line is a box. This way, you don't really need the actual EA on MT4/5. If price can break and close above/below a line then it's a complete renko candle.

Screenshot_20230321-171116.png

I'm still going to advocate for lines every 4 pips and 100 pip main levels =)

4 pips for which pair? All size is never a good idea for me though might be good idea for others.

[IgazI]

Now that I'm looking at it, I think sweetspots can be used as a Renko chart. Each line is a box. This way, you don't really need the actual EA on MT4/5. If price can break and close above/below a line then it's a complete renko candle.

Screenshot_20230321-171116.png

I'm still going to advocate for lines every 4 pips and 100 pip main levels =)

4 pips for which pair? All size is never a good idea for me though might be good idea for others.

So how it works is that there are 12 points (3 blocks) to reverse, the blocks are just extended 4 points at a time after a reversal.

You could use 4 units, if points or pips does not work for some reason, but I always use fours and hundreds.

[Yirbu]

Now that I'm looking at it, I think sweetspots can be used as a Renko chart. Each line is a box. This way, you don't really need the actual EA on MT4/5. If price can break and close above/below a line then it's a complete renko candle.

Screenshot_20230321-171116.png

Not going to think about that now, it makes my head spin.

[BambinoFlex]

Now that I'm looking at it, I think sweetspots can be used as a Renko chart. Each line is a box. This way, you don't really need the actual EA on MT4/5. If price can break and close above/below a line then it's a complete renko candle.

I agree! I “see” it too. Also, similar to the baccarat idea, in different form, without having to modify the x axis. I do like the baccarat charting idea though, as it eliminates a lot of info, just give you raw price and price turns