Looks my idea to change from renko to candlesticks was not so inspired after all. USDJPY didn’t drop further and decided to consolidate a little, eventually hitting my breakeven.

It could have been +70 pips on the renko chart.

Oh, well. At least I ended up with +1 pip and not -1.


That’s why I love renko bars sometimes. When would I have entered on the normal candlestick chart? Somewhere above the green hammer, maybe. Exactly the time when I almost finished the trade on the renko chart, already in profit 30-40 pips.

FYI the renko bars above are 10 pips and we have a nice and cheap renko bars expert advisor that can have bars size depending on the ATR value.