Hi guys. I signed up to reddit at the recommendation of a friend who picked up some skills here. submitted by
I’ve been trading forex with moderate success for about a year. My account is up but not to the level I’d like. I recently started trading using primarily renko bars and I seem to be doing better. Wondering if anyone else here uses Renko and would like to share some ideas? I generally trade the London New York overlap and am around for those hours. Thanks in advance everyone.
Has anyone ever used Renko to trade forex? Looks interesting if using support and resistance along with a simple indicator. submitted by
I use renko charts and the forex.com charts have renko charts but when i try to use the traditional ones it does not work. The atr renko charts work fine on it but they are not what I want to use. I don't like forex.com but it was the only broker i could find in the US that had renko charts. Any help would be much appreciated. Also if u know of a better broker that has renko plz tell me. submitted by
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I use Renko only on certain forex pairs that I have found to trend quite well. I then find a box size that allows me to capture the bulk of the price moves, but also minimizes the whipsaw periods. Renko chart 350+ pips a day is a trend-momentum retracement strategy created for Renko and Median Renko Chart. This strategy is inspired at the classic RSI (3) fast and moving average (100). Apply renko chart 350+ pips a day 4-6 charts simultaneously. Renko is a neat concept, with a Non Nonsense Forex type of wrinkle to it that makes it a really unique opportunity. Just know what you’re getting into. And if you’re young, and have time to kill these days, get into it! Renko Enhanced trading method. Renko Enhanced is a set of two indicators (Renko Trend and Renko Signal) which are optimized for trading CFDs. Renko Chop Alert indicator. Full access to the creators Trading Between the Lines course, which is a course about trading with Support and Resistance lines. Forex AutoScaler, the trade management EA. Renko charts provide effective analysis, as they filter market noise and gives exact entry and exit points. Traders can also use ATR indicator on the Renko charts to measure volatility and box size value. Becoming a successful forex trader can take many years of practice. It is not easy to make a living from forex trading in my opinion.
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