Using Renko Charts For Emini Russell Day Trading

We first looked at using renko charts for trading on a series of facebook trades. This video compares our emini russell trades setups on a 360 tick chart with the trades done for the same period using the renko chart.

Renko Trading Charts And Directional Price Movement

Renko price charts replace the price bars that are time based or volume based like a tick bar, with price bricks of a predetermined size. This chart type removes the chart noise from smaller insignificant moves, which would be very useful our directional trading strategies and trend following position trading.