Today, I'm excited to introduce you to two effective trading strategies designed for Renko charts. Renko charts, unlike traditional Japanese candlestick charts, focus solely on price movements, offering traders a unique perspective on market trends and opportunities. Before diving into the strategies, let's first understand the basics of Renko charts and how they...
Welcome! Today, I'm excited to share with you one of the most effective trend-following strategies that is adaptable to any timeframe and asset class ( OANDA:XAUUSD , NSE:NIFTY , FX:USDCHF ), boasting a remarkable risk/reward ratio of up to 1:10. Let's dive right in. As mentioned, this strategy revolves around the Exponential Moving Average (EMA), specifically...
When it comes to choosing the best strategies, most traders are often hoaxed into believing that there's a perfect strategy that works irregardless. The stream of loosing trades that comes after they've purchased or spent alot in implementing the strategy contradicts this. Well that's true for the most part. Indicators on the other hand, considered to be lagging,...