Discussion of Renko price trading strategies and how price affects our trading method. Renko chart prices can be trade setup filters, but they can also be used in trade setups for the failure of support or resistance, along with the breakout of trend lines and price patterns.
Renko trading prices are very important for the trading of our method, because the same price can actually be a trade filter and then be used for a trade setup – and then be used for trade management. So, our Renko trading strategies take this in account before taking a trade setup as a trade, and then for holding the trade.
Renko chart trading price has a large effect on the decisions that are made in our day trading method. I have always been focused on trading prices. And when developing our day trading method setups, I viewed them in the context of the next price that would act as support or resistance.