Most forex traders are familiar with candles. Candlestick tables were invented by Japanese rice traders in the 16th century. Over the centuries, these cards have been perfected into an art form. But what about another Japanese invention, Renko’s hit parade?
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Yes, Renko Charts is another Japanese creation that is widely used in foreign exchange trading yet, and many forex traders have never heard of these charts. These charts are based on price, not time. On a regular candlestick chart or histogram after a fixed time interval you will find a new candlestick or strip, but not on a Rank chart.
Renko’s charts show new bricks only when the market moves with a fixed increase. By the way, Renko is a Japanese word for brick. Now this brick can consist of any price increase, such as 1 pips, 5 pips, 10 pips and even more. However, it is always good that the size of the brick is small. This may take a few minutes, may take several hours, and may take several days for a new brick to form. Be that as it may, these Renko charts are considered ideal in identifying changes in micro sentiment in the market.
Renko Brick Forex Trading Strategy is a completely reliable mechanical foreign exchange trading strategy that can be easily mastered. Jide Ojo shows how to master Renko charts and how to use this Renko Brick forex trading strategy.
It only takes a few minutes each day to check your trading settings. This is a completely price-oriented strategy that uses no metrics. With this strategy you will become a FREE indicator. Jid Ojo will show you how to build Rank charts, and from there he will show you a simple forex strategy that will most of the time put you on the right side of the market.
It only takes a few minutes to check your trading settings. If you find a setting with a high probability of trading, place pending orders and all. You’re done. You can try Renko Brick Forex Trading Strategy by Jide Ojo Risk FREE for 60 days on your demo account.
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Jide Ojo does not give you any questions covered by the 60-day money back guarantee. This is a simple renko trading strategy that you must first train and master on your demo account. Once you start getting consistent winners on your demo account, test this strategy on a micro account for a week or two. After that, start trading live with it. Good luck!
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