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Easy Renko System
www.easyrenko.crazy4us.com
Introduction
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This trading system is based on utilization of the Non Time-frame based analysis called the Renko Chart. In Renko Charts time is not of concern or time is not what causes separation of one bar/candle to another, the emphasis is on the price and the movements in pips. Like a 10pip renko chart will display candles that are 10pips big and what separates one candle from another is 10pips of movement. Hence using a renko chart the noise of time-frame based chart are removed and it shows you the chart based on the movement of the market in pips. Time-frame is one easy way of losing money in Forex because if you are using a GMT Broker the candles look different, if you are using a GMT+2 broker candles look different and if you use a GMT+3 broker it looks different. So basically it’s the best way of losing money because indicator reading looks different from broker to broker, candles look different from broker to broker. As forex traders we only need to be concerned of one thing that is the PRICE, because that’s what we are dealing with, Price is what makes people want to buy or want to sell. Change of price is what the deciding factor is between Earning and losing. When the price of a currency is low it gets into demand, when the price of a currency is high it gets into selling. So we just need to be concerned with Price and with Pips in Forex.
Introduction
------------
This trading system is based on utilization of the Non Time-frame based analysis called the Renko Chart. In Renko Charts time is not of concern or time is not what causes separation of one bar/candle to another, the emphasis is on the price and the movements in pips. Like a 10pip renko chart will display candles that are 10pips big and what separates one candle from another is 10pips of movement. Hence using a renko chart the noise of time-frame based chart are removed and it shows you the chart based on the movement of the market in pips. Time-frame is one easy way of losing money in Forex because if you are using a GMT Broker the candles look different, if you are using a GMT+2 broker candles look different and if you use a GMT+3 broker it looks different. So basically it’s the best way of losing money because indicator reading looks different from broker to broker, candles look different from broker to broker. As forex traders we only need to be concerned of one thing that is the PRICE, because that’s what we are dealing with, Price is what makes people want to buy or want to sell. Change of price is what the deciding factor is between Earning and losing. When the price of a currency is low it gets into demand, when the price of a currency is high it gets into selling. So we just need to be concerned with Price and with Pips in Forex.
Risk Disclaimer
Trading in the FOREX market carries a high level of risk. Leverage can work to make profits for you but it can also work against you and lead to a loss. This trading system is just a guide to help you make the best trading decisions, but please trade only at your own risk. I will not be held liable for any losses incurred by trading or by the use of this trading system. Only invest funds that you’re willingly able to lose or risk.
Trading in the FOREX market carries a high level of risk. Leverage can work to make profits for you but it can also work against you and lead to a loss. This trading system is just a guide to help you make the best trading decisions, but please trade only at your own risk. I will not be held liable for any losses incurred by trading or by the use of this trading system. Only invest funds that you’re willingly able to lose or risk.
Introduction about me
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I have been a trader since 2005; I was trading Forex on a part-time basis along with my job. It took me about 6months to learn Forex trading by myself and once I was prepared, I decided to start demo trading part-time. My goal was to see if I can do a 100% gain at-least three times. I actually did a 100% gain in virtual accounts three times, but I wasn’t so sure to risk leaving my job to do this, so I decided ill keep making 100% gains in demo till I was confident about it, I did 100% gains about 12 times in a demo. Finally I was sure that this was going to work for me and I could confidently leave my job to trade on a full time basis. This process of making a 100% gain twelve times took me about 2 years from 2005 till 2007 and this was doing part-time trading and self learning, creating several strategies and systems of my own.
I was barely making USD 500 a month from my job as customer phone support agent. So I hadn’t the kind of money to deposit $10,000 in a Forex account and make serious incomes. So I started out in 2007 and with my part-time virtual trading experience. I left my job and started trading with just USD 100. I turned that $100 into USD 1950 in a month’s worth of trading.
You can see below how I began with $100 and went up 1.9k in 2007.
That’s how I built up my equity and over the years from 2007 to date. Today I trade on full-time bases from the comfort of my home. All this with just that seed money of $100 I invested in 2007!!! I aim to continue building up for a goal of making my retirement goal of 5million dollars in the coming 3-5 years.
So this is all about my history and how I began as a novice to a professional trader today.
During this course of my trading career I have literally traded 100’s of strategies. YES 100+ strategies but finally I discovered just one strategy that has literally changed my entire trading perspective. I discovered a non-conventional way of reading the markets, entirely based on price action by way of reading the market
With the help of RENKO charting. Today I’m totally dedicated to RENKO trading and I see no other better way of trading Forex.
Renko is a Trend type of charting where you’re actually looking at the movement of the market and Trend. Not the time. For example a 5min chart would show you the market movement filtering it with time, so every candle/bar is sliced into 5min segments, then if you were to switch to a 4-hour chart it would show you the market sliced by 4hours. Renko is different, for example if you’re looking at a 10-pip Renko chart it would show you the market for every 10pips of movement it made.
Let’s take an example, you see a 4-hour chart candle/bar that’s about 50pips big, Now can you tell me how would you know if it went 50pips down before it went 50pips up or if it went 50pips up before it went 50pips down, or if it went 50pips up , 50pips down and then 50pips up. No way to tell right?
So if you were to trade that candle you would probably just make a 50pip, but if you were to trade on a Renko chart, you would have like made 50pips on the up-move, 50pip on the down-move and 50pips again on the up-move. Total of 150pips profit instead of just the 50pips in 4hours of time!
That’s the wonder of a renko chart; it shows you the market movement and removes the noise as well as the “TIME” factor in your trading. A trader can only make money when the market moves, irrespective of more or less time. This is what you will see, a chart that tells you how many pips the market moved up and down during the course of the day, believe me where you would probably have a few opportunities a week, you will probably have 8-20 opportunities a week just trading price action on the Renko.
I believe this is the entire introduction you would need about me and about the trading strategy I have totally adopted. REMEMBER you do not need to trade for years to do what I’m doing, I’m going to share my strategy so you can cut short the years of research and head straight into the successful trading within a few weeks!
Visual Difference between a 1-hour chart and a 10pip renko chart.
Here is a 1-Hour Eurusd chart of 31st December 2011
And here is a 10-Pip Eurusd Renko chart of 31st December 2011
As you can see the difference, the noise has been eliminated and not only that you are able to see in price and pips what the market actually did on 31st December of 2011!
This simple fact and difference of being able to see the market for what it did in price action in the renko chart, rather than seeing what the market did every hour in the 1-hour chart, is the difference between being profitable or not.
As soon as you switch your charts to renko 70% of your work is done like a magic, noise eliminated, time eliminated, being able to see the market for price action and what its actually done.
Of the remaining 30%
10% is strategy/trading system.
10% is Money Management.
10% is Your confidence level in taking trades.
Lets Discuss about Strategy.
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You have to understand something, the market isn’t moving in a straight line. It’s always moving up and down like waves. It will make a certain random high and then make a certain random low, this goes on and on and on throughout the lifetime of the market. You may see from the picture below.
What is making the market move?
The market is not moving automatically by a computer’s processor, or by a software program. It’s the people and their trades that are moving the market. Retail traders, institutional traders and banking traders are moving the market.
What is causing the market to make these highs and lows?
It’s very simple. It’s the sentiment and the mental support and resistance levels of traders that are making these highs and lows. It’s always changing because the mind-set of traders is always changing day to day. When traders think the price is going too high (according to their mind-set) it becomes a resistance and majority of traders start to sell making the price to reverse to the other side. When traders think the price is gone too low (according to their mind-set) it becomes the support and majority of traders start to buy making the price to reverse to the other side.
This mind-set of traders where the price is too high or where the price is too low keeps changing on a daily basis. You may see from the picture above, where traders thought the price is too high and too low.
So basically this is what is REAL trading. We are waiting for support and a reversal signal from there to make our buy trade and we are waiting for resistance and a reversal signal from there to make our sell trade. We simply keep repeating this every time and make the easy money!
Ok now in between the highs and lows are “mini” and “micro” highs and lows. These are the swing traders and scalpers who are making the small highs/lows for a profit. But remember these mini and micro highs and lows are risky or the movement is just short-term temporary and small.
If you detected a Low, never take a scalp trade or a swing trade against it. (No selling trades)
If you detected a high, never take a scalp or a swing trade against it. (No buying trades)
Check the pictures below.
Micro Highs and Lows (Scalpers)
Mini Highs and Lows (Swing traders)
Highs and Lows (Resistance and Support Levels)
Example of trading setups, More detailed explaination about each indicator, trading rules will be explained in the manual.
NOTE: The images I have shown you is not the entire system, It's just the basics. You will get the entire system when you buy it.
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If your interested in my trading system. I can sell it to you for $500.
I will also be free to attend to you on chat or skype or forums.
Here's what you would get.
Easy Renko System
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25-Page Manual of the system.
The Trading System.
Money Management Spreadsheet.
Forex Alarm Clock with Timezones.
Forex Calender Software.
MT4 Artificial Ticker for generating Renko charts on Weekends.
Ability to trade in the following markets using renko charts.
Forex - EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, USDDKK (DENMARK KRONE).
Commodities - SPOT GOLD, COMEX GOLD & MCX GOLD. WTI CRUDEOIL AND MCX CRUDEOIL.
INDICES - INTERNATIONAL (SP500, NASDAQ100, DOWJONES, FTSE100, DAX) & LOCAL (INDIA NIFTY50)
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USDDKK (Denmark Kroner) Strategy. 100 pips excess per day easy!------------------------
I Accept payments in the following mode.
Liberty Reserve - 500 USD
Paypal - 500 USD
Western Union - 500 USD
To Your Success!!
Nick aka Mr-Nims
Contact me by e-mail if your interested, My e-mail id : ndsouz@ymail.com
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No-Refund Policy
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I am not selling you goods or some kind of service that can be given back for refund, What you will get is information and once you have recieved the information it cannot be refunded back, so I have a no-refund policy.
ONLY PAID CLIENTS MAY BE MEMBERS OF THIS FORUM. THANK YOU.
Skype Id : easyrenkosystem
Last edited by Admin on Thu May 10, 2012 3:34 pm; edited 5 times in total
