SECRET STRATEGY OF RENKO CHARTS (REMOVE NOISE FOR PROFITS) - INTRADAY and POSITIONAL STRATEGY

Renko charts can be used for intraday and positional trading depending on the settings and additional indicators and setups. Renko charts doesn't take into consideration about time and volume. Renko charts strategy is thought as FII's best kept secret strategy. A new box in renko chart is drawn only when there is significant price movement. Basic Renko charts intraday trading strategy and positional trading strategy is explained in this video.

Renko charts gives the advantage of following the trend as it avoids the whipsaws. For a trader suffering with overtrading renko
charts can be advantageous if followed with good practice before entering into real market.

In range bound and extreme volatile markets the strategy struggles in making the profits, traders are advised to use additional filters and indicators for entering into more profitable trading setups.

More intraday trading strategies and positional trading strategies will be uploaded in coming videos.

GAP and RUN Strategy: https://www.youtube.com/watch?v=N4It_y50c44

Simple Moving average strategy: https://www.youtube.com/watch?v=337ijXr9Lgc

Declaimer: Proper practice and discipline is required to follow the strategy explained in this video. The video is only for educational purpose. The author is not responsible for any loss that occurs to the viewer following the strategy explained in video.

PS: For learning more about technical analysis and intraday and positional trading strategies, keep subscribed to this channel.

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