I have been trading quite some time and if you don't mind would like to give my 2 cents on this. First, I am sure you already know these answers
but will respond anyway to trigger the likely trap..LOL
Many hedge funds, banks and big traders use renko charts.. many of
the large players I have met over time use price alone without regard
to time frame, ie renko is a great way to do that.
For my personal trading I will not easily be dragged back to candlestick
trading. I am sold and not looking back. Setting your renko size
yourself puts you fully in control of the speed and type of trading you want to do and allows you to determine for yourself, your system
and your personality, the correct settings for you. TF trading
is fine but its not how most of the market actually works..most
of the market is based upon price alone not what the 5 minute is doing
in relation to the 4 hour, or vice versa lol etc.. that is for retail traders.
Personally I have immediately reduced a great deal of the whipsaw
moves by going to renko, extended my viable trading hours to anytime
there is enough movement in real pips for me to get a "signal" on my
system and increased my net pips daily almost immediately
from the time I started with Renko.
That is my personal experience.
Brian
but will respond anyway to trigger the likely trap..LOL
Many hedge funds, banks and big traders use renko charts.. many of
the large players I have met over time use price alone without regard
to time frame, ie renko is a great way to do that.
For my personal trading I will not easily be dragged back to candlestick
trading. I am sold and not looking back. Setting your renko size
yourself puts you fully in control of the speed and type of trading you want to do and allows you to determine for yourself, your system
and your personality, the correct settings for you. TF trading
is fine but its not how most of the market actually works..most
of the market is based upon price alone not what the 5 minute is doing
in relation to the 4 hour, or vice versa lol etc.. that is for retail traders.
Personally I have immediately reduced a great deal of the whipsaw
moves by going to renko, extended my viable trading hours to anytime
there is enough movement in real pips for me to get a "signal" on my
system and increased my net pips daily almost immediately
from the time I started with Renko.
That is my personal experience.
Brian
DislikedIndrek, I know the technical part of Renko but can you explain me with easy words what is the advantage of Renko in comparation to bar or candlesticks and if it is a stand alone system/chart?
I've spend a good ammount of training bucks for candlestick technics and would like to know if it's worth to learn something about Renko.
Do Big Boys use them?
I could google for it but would like to have an answer from someone who was convinced to buy and use it and now has some experience with it.Ignored