This renko chart strategy training video, began as the answer to a trader’s question regarding a trade setup to the right of the vertical line drawn on the trading chart below.
But a price action price seen on a 180 tick chart was integral to the setup in question, as well as a number of additional trades.
So, this trading method training video is going to focus on the following:
- Starting your chart reading with a price tick chart, in order to better see key price points and price action
- After identifying price, go to the renko chart for your trade setup component read
- Price and momentum is the most important tick chart and renko chart sync
- Do you also need brick1 and brick2 chart sync when trading a renko brick1 trade setup
- What is a position trade
Renko Chart Trading And Price
The chart below is central to the renko chart trade setups and price discussed in the video.
Among the discussions was the renko base trade setup that occurred at the yellow dot and an additional question:
Do you see any renko chart setups that use the price action price previously found on the 180 tick chart AND is the yellow dot buy still a trade that can be taken, regardless of the price in question?
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