Revolutionary New MT4 Charting System Takes All The Guesswork Out of Forex Trading And Allows Traders To Find Profitable Trades At Any Time,
Day or Night
No more noise, no more “chart clutter”
Just a 80-90% certainty what direction price is going next!
Don’t believe me? Then look at the two MT4 charts below and ask yourself which chart you would rather trade off of:
More Info : http://www.net-trekk.com/products/Forex-Renko-Charting.html
|Jeff…Thanks for your email; no, you do not need to issue a refund for a duplicate charge. Here’s what happened: my Dad is a hard-core Forex trader, and he really wanted me to get into trading, so he bought me your Renko system to start with. He said he hadn’t used it, but he knew a couple of traders who were having some success, so he thought it might be a good way for me to start. I used it for one week, and at the end my Dad looked at my trades and compared them to his. He immediately bought his own set of Renkos from you (which is why you have two credit card charges to the same account). Now we are on the phone to each other constantly, talking about the charts and trades we are seeing. It has been a lot of fun, and we are both making some nice coin in the process. Just thought you’d like to know.Jeremy I.|
HERE IS THE TRUTH ABOUT EVERY INDICATOR YOU USE
All of your indicators need price to move 15-30 pips before they start triggering trades.
Since most of us are on quests just to make 10-20 pips, it just kills me to see pips get passed by while waiting for my indicators to kick in. If there was some way to get in on a move on the very ground floor (or at least the mezzanine) I could have my 10-20 pips already banked before the indicators began getting everyone else into the trade, and I could either close out the trade (happily, I might add) or hang in and grab a few extra pips as the momentum kicked in from all the other traders around the world jumping in when THEIR indicators started giving them the same signals.
I’ve spent months (years, even) trying just about every indicator known to man or beast, using every conceivable setting I can think of, and have reached the conclusion that just such an indicator does not exist.
Last week, I learned something shocking: I was right all along.
It’s not an indicator I should have been searching for.
It’s a charting method!!!
What I spent years looking for (and finally found) is called Renko Charting. It’s a type of chart developed by the Japanese, and brought to the western world by Steve Nison (the guy who actually “wrote the book” on using candlesticks for trading). I’m not going to get too deep into all the theory behind how these charts differ from “normal” candlesticks…mostly because all the higher math just confuses me and makes me go cross-eyed…instead, I’m going to show you a chart generated by the Renko Charts, which covers the same trade we examined in the charts above.
The first thing I think you’ll notice on these charts is the complete lack of “noise” that you see on regular candlestick charts. No long wicks, no protracted periods of sideways movement. Pretty much just up or down. Sometimes the Up moves last 1 or 2 candles, sometimes they last 8 or more candles (and of course, the same goes for downward moves as well).
If you are an aggressive trader, you get in the first time you see a blue candle or a red candle close (meaning the previous candle was the opposite color). You stay in until the color changes again. Or you can wait for two or even three candles to close, to make sure the trend is established, and then get in. Obviously, by waiting you are getting a worse price than you would get by jumping in on the first color change, but you are also avoiding getting into a set of whipsaw trades that do nothing but knock you out of trade after trade. And that can happen when price is in a tight trading range.
In this case, the first blue candle closed at 1.4885. That is 19 pips before you got the earliest signals from the other indicators I mentioned. The second candle closed at 1.4990, 14 pips before then other indicators told you to get into the trade.
If you are a more conservative type trader, there are a couple of other indicators you can add to the charts to give you added confidence before you place a trade. In the videos I created for using Renko, I’ll show you the exact indicators I use, with their special settings, that get me into the best trades possible and make earning 30 pips on a trade as easy as pushing a button and walking away.
So How Do You Know When To Get Out Of a Trade?
The other issue is where to get out of the trade. You can see there were four red candles interspersed along the upward move. There are a few ways to deal with this, but I’m not going to bother getting into it here. The quiz question had to do with entries. But rest assured that there are simple and effective ways to stay in a trade and bank as many pips as there are for the taking, if you have the guts to stay in the trade. In the videos, I go over my exit strategy in full detail.
Use One of Our Custom Indicators to Help You Find Entries and Exits
The simplest way to trade the Renko Charts is to Buy and Sell on the Color Changes…but since these charts are time-based, many traders prefer to set a specific profit target (30 pips seems to work best) and then “set and forget” their trade. Others prefer a bit more confirmation before they trade, so they include one or more indicators to help them decide to get into any specific trade.
The picture below is a screen capture from yesterday’s trading (1-20-2011). This picture shows the Renko Charts along with a BBand indicator we’ve found to be very effective (and which we include in the download package). Between 5 p.m. on the preceding evening (when the “new day’s chart” opened) and 5 p.m. on 1-20-2011, you can see there were 7 trades signaled by the BBand indicator. 6 trades netted 30 pips each, and one trade was a 20 pip loser, for a net gain of 160 pips for anyone who took all 7 trades.
|Hi Jeff…I just wanted to say I really like the Renko’s and am happy with my purchase. And I’ve purchased a lot of stuff that’s crap, but I’m getting some good trades with Renko. Just caught 50 pips on EUR/USD and am still long (and up) on EUR/AUD.Paul W.|
But Know This—Renko Charts Might Not Work For You
These charts are simply not for everyone. In fact, they will not work for most people, simply because they require patience, discipline and the ability to take decisive action when the time comes to take a trade.
Why is that?
Because these charts are all based solely on PRICE, not on TIME. Time based charts post a new candlestick or bar every 5 minutes, or 15 minutes, or one hour…whatever time frame you selected when you opened the chart.
These charts ONLY post a new candle when price has advanced 5 pips, or 10 pips, or however many pips you select when you open the chart. This means you might go for HOURS before you see a new candle open, or you could see several candles open and close within the space of seconds, if price makes a dramatic move (usually right after a big news release).
Renko Charts are for traders who have the guts to take the trades when they see the signals, and the patience to hang in the trade as long as the Renko charts say the trade is still trending in the right direction.
If you are NOT that kind of trader, don’t bother reading any further. This is simply not for you.
But if you happen to be that type of trader, then I have a deal for you.
I’m putting together a package of material (including the indicator and template that generated the picture you see above) for a “big ticket” release this Summer (2011). The price is going to be in the $1500 to $2,000 range. I haven’t worked out all the details yet, but I’m thinking about hosting a cruise, probably in the Caribbean since it’s not too far from my front door, and doing a combination vacation/live training cruise for a handful of people.
But that is down the road a bit.
For now, I’m going to let the entire package go for $199. That will include the indicators, the template, and the 4 videos I’ve made on how to install and set up the charts (even though it runs on MT4 charts, it’s a lot different that what you are used to) and a 5TH video from a webinar I hosted on how to take full advantage of the Renko charts and maximize your winning trades.
|Mr. Jeffrey,Is 13 consecutive winning trades normal with Renko? Because that is what I have made since I started using your charts. I have never won 13 trades in a row before. In fact, the most I ever won was 3 in a row. I cannot believe my eyes when I look at my account right now. Thank You so much for this Charting Method. I now believe I can trade as a professional and make a living from my trading.|
He (or She) Who Hesitates Is Lost
HOWEVER, I’m limiting sales to 500 packages at a time because any more than that and the various and sundry customer service issues become a nightmare, and I have too many other items on my plate to spend every waking hour dealing with C.S. issues. If the Order Now Button below is still active, it means you can still grab a Renko Charting Package for $199. If the Button does not work, it means I reached my limit of 500 sales, and have taken this package off the market for now.
What I’m hoping is that those of you who pick up a copy at this reduced price will be impressed enough with Renko Charting that you will be willing to provide me with a testimonial on how well it worked for you. Something I can use when I announce the Big Ticket Release later this year.
And at this price, if you are a real trader, you’ll probably make back the purchase price in the first day or two of trading.