I am starting Renko day trading training for 2019 predominantly British Pound Renko trading and oil futures. The quantity of Index futures Renko trades has decreased, due to recent volatility and fast markets but will continually be reviewed.
The Renko system trades setups will be taken from our Renko method with the exception of the price envelope reverse because it would not be profitable day trading without filtering. The 2 setups that will be mechanically system traded will be the midline reject and price extreme reverse and they will use the ‘base’ method setup components.
Renko trading prices strategies and chart identification. We will discuss Renko price significance as we move across a chart, along with determining price relevance for continuing the use of left side trading prices -vs- changing them to new prices that have become more significant.