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.
Renko chart trend lines and patterns are very useful as trading strategy additions. The trend lines can act as diagonal support or resistance prices, and when combined as part of a bigger chart pattern, they can provide additional method trade setups.
Renko trade setup filters are designed to increase profitability. This is done by avoiding Renko trades that are against price resistance or support, momentum, or inside of price consolidation. Trade filters avoid more losing trades that causing a winning trade to be missed.
The Renko chart trade setups are traded as a combination of multiple indicator and/or method components that occur at the same time and are not against momentum or into support or resistance.
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