Hi Folks.

Like the headline reads, I was wrong about Renko.

For years I've been telling people that using Renko charts makes every indicator work better than using a time based chart, since you're getting rid of all the noise and false starts you get on time charts.

But I was wrong.

I've been working with an indicator that is absolutely shredding it on the 1M charts for both indices and standard Forex pair chart.

And lagging so far behind on the Renko charts that close to 2 out of 3 trade signals reverse course and go the other way before a single box is formed in the direction of the trade signal.

Don't get me wrong...I still love Renko and have a couple of charts up and running in the background right this minute.

But I also have several 1M charts running with this new indicator installed and I have to tell you, it's made my trading easier and more profitable than just using Renkos on their own.

Check it out and see for yourself: http://fxscalpingacademy.com/wwnfx 

Jeff