Using renko charts in combination with time-based charts is a terrific way to trade futures. This blends the advantages of a time-based chart and the application of the volume price analysis methodology with using a non time-based chart such as renko which not only reveals momentum but also smoothes the price action. Finally using them in multiple timeframes make this approach even more powerful.
https://youtu.be/t14k-qi7i54...
Learn how to trade Emini futures with confidence using the Quantum Trading tools and indicators. This is from yesterday's US futures trading session and for the YM Emini which is the futures contract for the Dow 30 cash index.
https://youtu.be/0SR7g-k8Gss...
https://www.youtube.com/watch?v=wzjfVKW7q5g
A section from our London forex webinar where we considered how tick charts can help in trading reversals in volatile market conditions using our specialist Tickspeedometer for the Ninjatrader platform.
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Using multiple renko charts alongside time-based charts is a powerful combination - a blend of two different approaches to trading but which when combined provide the best of all worlds. Volume price analysis on the time-based chart and momentum trading on the renko charts.
https://youtu.be/SgECtHuSsJs...
Volume price analysis works in all timeframes and for all instruments and markets and just to prove the point we have an excellent intraday example trading gold futures on the faster timeframes.
https://youtu.be/W9PQFeo71YU...
https://www.youtube.com/watch?v=QlqsqFTvNKk
Beware gaps because they can be filled. They are there for one reason and that is to trap traders and investors into weak positions. An extract from this morning's London forex webinar explains with an example from the YM - emini contract for the Dow Jones.
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