SNEAK PEEK: RENKO BAR TRADING PDF

What Are Renko Bars?
(Just Send Me the PDF!!!)




Renko Bars are a type of non time based range bar that prints either a green (long) or red (short) bar only when price has moved the full amount of the user defined Renko bar size from the high or the low of the previous bar, without any regard for the amount of time that passes.

If price moves the user defined amount higher than the high of the previous bar it prints a green (long) bar.

If price moves the user defined amount from the low of the previous bar it prints a red (short) bar.

Why We Love Renko Bars?

We Love Renko Bars Because:

  1. They filter out a lot of unnecessary, and potentially confusing and misdirecting noise present in other chart types to reveal the most essential underlying nature and, most importantly, tradable chart patterns being revealed by the price action of the market.

  2. They make markets that can be otherwise very difficult to read (and therefore to trade) using other chart types much easier to read and therefore much easier to trade successfully.

  3. The color of the bar gives us an immediate direction bias, and is a not bad trade direction indicator independent of any other indicators or information.

  4. They make it very easy to visually identify chart patterns, trends, lack of trends, and support and resistance levels that are much harder to identify using other types of (particularly time based) price charts.

  5. These aspects make it very easy to pick trade entry and exit levels and stop placement levels.

  6. All of this gives us much more confidence in our trade entry and exit decisions and thus provides a very solid basic foundation upon which to build a straightforward rules based trading methodology which can make us better, more nimble, and confident traders.

Sign Up For Our Newsletter and Free Swing Trading Signals Mailing List to Receive a 9 Page PDF Entitled "Renkido 101: Introduction to Renko Bar Trading"


The PDF Includes Detailed Renko Bar Trading Information including:


Renko Bars and Classical Chart Trading Signal Patterns : A Match Made in Trading Heaven


Examples of Classical Chart Trading Signal Patterns and Trade Setups Using Renko Bars


Many Detailed Chart Images Illustrating How to Use Renko Bars for Trade Entry and Exit Decisions


Click Here to Sign Up and Receive the Free Renko Trading PDF



GOVERNMENT REQUIRED DISCLAIMER

Government Required Disclaimer: Crude Oil Gold Trading Room does not hold itself out as a Commodity Trading Advisor (“CTA”). Given this representation, all information and material provided by Crude Oil Gold Trading Room is for educational purposes only and should not be considered specific investment advice. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.