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. The Forex Renko Zoomer Strategy is designed to remove a lot of the market noise generated by the standard candlestick charts. If you’re tired of using the same old Japanese candlestick charts, we like to introduce you to the Renko charts. $ 22.60 My Forex Renko Charts FX Trading System solves this problem!It shows and teaches you a very specific combination of BOTH red and green forex renko bars for BOTH a buy signal and a sell signal. You will learn the "context" of using these forex renko bars together to find forex trading opportunities. 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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