S&P500 – A top in the making (Update 2)
Second update to the S&P500 Index. While the bearish bias still remains in place, we wait for a move back to the 2000 level. Read the updated S&P500 technical analysis using Renko charts.
S&P500 – Making of a head and shoulders top
The S&P500 Index has has a bad start this year but Renko technical analysis for the S&P500 Index points to further downside, if the current head and shoulders pattern will be validated. Read more to find out on the key levels to watch for in the S&P500 Index.
GBPAUD Trade Set up – A lucrative opportunity in the making
Following the success of some of our best long term trades in 2015, we start off 2016 with GBPAUD which looks very promising. Read this detailed GBPAUD Renko technical analysis on the potential outlook for GBPAUD for the coming weeks.
Trading Parabolic SAR pull backs with Renko Charts
The Parabolic SAR Pull back trading strategy with Renko charts offers traders a unique way to scalp the markets. This Renko trading strategy offers a favorable risk/reward ratio with consistent profits. For traders who want to make a fixed number of pips per day, this renko trading strategy is worth exploring.
US Dollar Index – Renko Technical Analysis
With less than 6 days to go for the US Federal Reserve to meet and decide on the interest rate policy with a strong conviction that the Fed will be hiking rates on December 16th, the US Dollar Index is definitely an instrument to watch out for.
Simple Renko Scalping System
So you are an intraday trader! You prefer to take small profits when the markets offer an opportunity and you are content with taking small profits over a short period of time. In this article read how this simple Renko trading strategy can offer traders a simple way to make profits scalping with Renko charts.
FXCM Marketscope Renko Charts Review
Marketscope is the standard charting application from FXCM and is an add on to the Trading station platform. The Markscope charting platform is relatively easy to install and use and doesn’t require much of a learning curve if you have been around the markets for a while.
USDJPY – Beware the Head and Shoulders
The USDJPY has practically been ranging for the most part of this year. With the Bank of Japan remaining on the sidelines, the USDJPY’s moves came largely due to the Federal Reserve’s FOMC than anything else. Of course, there was the October BoJ meeting which saw some economists expecting further easing.
Gold prices could see an upside in the medium term
While Gold might have taken a hit over the past three weeks on rising bets of a US rate hike, the markets are clearly forgetting the fact that in a scenario of rising inflation, Gold prices tend to gain. However, currently the markets are still not entirely sure of a Fed rate hike lift off.
AUDNZD – The inverse head and shoulders still in play
Around early August I posted this video on AUDNZD where I outlined the longer term…
Renko Engulfing Bars Trading Strategy
The Renko Engulfing Bars strategy is merely an adaptation of the original Median Renko charts engulfing bar strategy and works on the same principles as originally outlined. The premise for this strategy comes out of the discussions with a reader
Three reasons why EURJPY could test 140’s
The following EURJPY Renko Technical analysis makes use of a 50 pip fixed box size…
Median Line (Andrews Pitchfork) Analysis on Renko Charts
The Median line is known and proven to be a versatile tool when it comes to trading with price action. One of the distinctive advantages of applying Median line (also known as Andrews Pitchfork) tool price charts is the fact that it comes with a strict set of criteria.
Charts for today – Daily Renko Analysis, 28/07/2015
GBPCHF - 100 Pip Renko Box Size GBPCHF looks to be a very ripe currency…
Charts for today – Daily Renko Analysis, 07/07/2015
USDCHF - 50 Pips Renko Box Size Renko charts analysis for USDCHF shows a break…
Charts for today – Daily Renko Analysis, 06/07/2015
FTSE100 CFD The FTSE100 has been volatile as with most of the markets today. Looking…
Renko Expert Advisor for MT4
The Renko EA is an expert advisor and is in fact a better option (or can be used alongside) than the RenkoLiveChart_v3.0 indicator. This EA works the same way as the RenkoLiveChart indicator but comes with some additional features. More on this Renko indicator for MT4
RenkoLiveChart_v3.0 Indicator for MT4
The MT4 trading platform is undoubtedly one of the most popular trading platforms for the average retail trader. Despite the popularity and the many revisions to the MT4 trading platform, there has been little to no improvement when it comes to accommodating other chart types.
Renko Divergence setup with Awesome Oscillator
In the previous trading strategies, most of the divergence based trade set ups were primarily using either the Stochastics or the RSI indicator. While divergence is common across any oscillator that you use, there is a certain element of risk involved when it comes to using the regular oscillators.
CADCHF – Renko Analysis offers a long term opportunity
We take a look at the CADCHF technical analysis based on Renko charts. A potential long term trade opportunity is on the horizon which offers a lucrative long term 'Buy and Hold' trade opportunity for forex traders.
Median Renko Charts – Engulfing Bar Strategy
Looking for a simple trading system based on Renko charts? This Median Renko engulfing bar strategy offers just that. For the trader who doesn't want to bother looking at trends and merely wants consistency in their trading, the Median Renko engulfing bar strategy offers a very good risk/reward set up while also maximizing your profits at the same time.
Difference between Median Renko and Regular Renko bars
Median Renko charts might come across as a fancy new addition or modification to the traditional renko charts. In this article, we explain the main differences between the Median Renko bar and the traditional renko bars and further explain if the Median Renko bars offer an additional edge to the trader.
Renko Trend and Timing Strategy
The Renko trend and timing strategy is a very simple trading method that uses two of the most simplest indicators and merely follows the trend. The strategy, simple as it may seem offers tremendous opportunities for traders to make a healthy profit. Read to learn more about this Renko trend and timing strategy.
Renko Squeeze Plays Strategy
Applying the well known Bollinger Squeeze to Keltner channels, commonly known as Squeeze Play, this commonly found strategy is applied to Renko charts. Read to learn more about trading Renko squeeze play strategy
CADJPY Renko Technical Analysis, 09/02
Technical analysis of CADJPY renko charts by combining two of our trading strategies which is the trend line break method and the Renko MMA trading strategy. Read to learn more about CADJPY Renko technical analysis.
Renko MMA Strategy (Momentum & Moving Average)
The Renko MMA or momentum and moving average trading strategy is a robust yet simple trend following renko trading strategy. Read to learn more on how to use this renko trading system that offers a great Risk/Reward ratio.
Renko Donchian Channel Trading Strategy
The Renko, Donchian channel trading strategy is a simple break out based trend following strategy that offers a very good risk reward. The main element of this trading strategy however is being disciplined, which is where most of the traders fail. However, with good practice and self discipline, this simple system is sure to make you some good profits.