We have discussed renko chart trading and the combination of a renko chart with a price bar chart. In this video we are going to add a 2nd renko chart with a different brick size to the combination. Why – in an attempt to eliminate some of the extended price envelope reverse swings that don’t give a renko trade setup for entry.
Renko trading strategies video that primarily focuses on: (1) how the renko trade setups are traded more profitably, when they are synched with a price bar chart (2) how the renko-bar chart strategies have been integrated into our method, by discussing the specific charts shown in the context of day trading – and as if they were used for stocks and options position trading.
Renko charts trading video that reviews a series of trades, with the focus on trade management and the initial risk and profit targets used – especially in light of the chart being made of the fixed renko bricks, instead of actual price bars.
In this trading video I am focused on discussing: (1) Position trading, especially for an ETF portfolio – and comparing a 60 minute chart to a renko chart ‘matched’ to it (2) Adding the USO ETF to the portfolio – and discussing trades for the last month (3) Our renko brick size and price envelope percent parameters – and how I have been using a ‘visual’ approach to select these.
I have continued the trading video discussing renko base trade setups on the emini russell, now talking about position trading the IWM Russell 2000 ETF. Of specific note is how our trading method can use the same trade setups, regardless of the underlying, time frame, or chart types.
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