Renko Charting

How Renko Charts Can Be Helpful In Online TradingThe Renko chart is a trend following technique. It has acquired its name from a Japanese word "renga" meaning bricks. Renko charts is different from Three Line Break charts as here a line brick is drawn in the direction of the prior move only if prices move by a minimum amount which is equivalent to the box size that are always equal in size.Interpretation Of A Renko ChartThe trend reversals are indicated by the appearance of a white or black brick. A Red brick indicates a new downward trend and Green brick indicates a new upward trend. There are situations where Renko charts produce whipsaws,...

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Psych Level Scalping System

5min Psychological Level ScalpingThis is a very powerful winning strategy!!! We only use psychological levels to enter our trades. One of the main rules is NEVER TRADE AGAINST THE H1 CANDLE COLOR. Levels are on the screen every 00, 25, 50, 75, 00. Another rule is: If H1 and D1 candle color are the same get ready to make more pips. If the colors do not agree be aware that a lot of times you just can grab a few pips (be happy with 5). This is a scalping strategy. You are not allowed to enter twice in 1 hour. This is to prevent you from overtrading. Remember you only need 2% a day to get rich in the future all the rest is fun but can be greedy....

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BrainTrading System

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Ichimoku Trading System

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