Step by step approach for learning Renko chart trading, beginning with the basics of the Renko method and system. Then start practicing trading the Renko system with the objective of advancing to the trading of the full Renko method.
Welcome To Renko Chart Trading Strategies
This Renko chart day trading strategies and training overview first compare Renko brick charts to tick bar charts. Then discussed are the benefits of trading Renko charts, including why I have found our Renko trading strategies and method both clearer to trade, as well as to teach to other traders.
There are also 4 Renko day trading strategies basics videos. These videos discuss the day trading indicators, method day trade setups, and the trade setup filters that are used to increase the Renko trading profits.
When Renko system trade setup trading we use a combination of multiple setup components instead of single components like an indicator or pattern break trigger only. By requiring multiple component trade setup confirmation, we are able to avoid many low odds for profit trading conditions.
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.