Renko charts trading patterns and setups consistently and clearly repeat, making them effective for usage in a trading method. And then by using a tick chart for confirmation of price location, momentum strength, and market conditions – the renko chart strategies profitability and winning percentage can be further increased.
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.
This trading video reviews euro currency and emini russell day trades from the morning of 1/10/204 – only using the renko chart base trade setup that we have been discussing. The more I work with the renko charts, the more I like how clear this trade setup is to see real time.
This video continues the discussion on etf position trading using multiple time frames and/or multiple chart types by including the renko charts, along with further discussing options collar trades. Additionally discussed is a comparison of our options trading strategies, and trading into ratio short spreads, to the options collar trade.
This video discusses etf position trading chart time frames and the benefits for using a position chart and a timing chart for decreasing profit giveback and adding to the position. I have also discussed an options protection trade, called an options collar, which will be used for managing profit giveback to a support or resistance price.
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