Renko Charting System
If Your Forex Scalping Method Did NOT win 21 Out of the Last 25 Trades*, Then You Have Two Choices: (1) Start Using Renko Charts and Start Winning Consistently, or (2) Continue to Lose All Your Money
Simple Forex Scalping Technique Using Customized
Renko MT4 Indicators Consistently Wins as Many as
9 out of 10 Trades
Forex trading, and Forex Scalping in particular, is a tough way to make money. If you run with the herd and put all your trust in EA's (Robots) or in those complicated $2,000 manual trading methods that make you sit in front of your charts for 6 hours a day waiting for a single signal...
...you're going to go broke, sooner or later (and the smart money is on sooner!)
Fortunes can be made trading Forex, but the odds are incredibly stacked against you being one of the fortune makers.
And no, it's not because there is some international banking cabal conspiring to steal your $500 mini account.
It's simply because you don't have the right tools for the job.
It's as if you were told to cut down a tree and were handed a pair of pliers to get the job done. Can you cut down a tree with pliers? Maybe, but I'd rather have a chainsaw if it's all the same to you.
So you jumping into the Forex markets with a set of candlestick (or bar) charts and a couple of those "cutting edge" indicators you found on a forum somewhere gives you about as much chance at winning consistently as you do being a successful pliers-wielding lumberjack.
But you have another strike against, whether you know it or not.
The fact is, you're just not patient enough to trade 99.9% of the systems you've read about, heard about or even tried.
And while I'm a big fan of taking personal responsibility for your own shortcomings, I have to admit that this one isn't really your fault either.
Most (and by most I'm estimating 80%+) people who are trading Forex are already employed somewhere else full time. That's 40+ hours a week. They also have family obligations which require a certain amount of time each day. And unless they have the constitution of a robot (or a horrendous coke habit) they probably need 7-8 hours of sleep each night.
That simply doesn't leave a lot of free time left to trade forex, and the few hours they do have per week to watch the charts don't give them many opportunities to find good trades (especially using the methods the "gurus" recommend).
This leads the trader into taking less-than-optimal trades (and eventually a bunch of outright stinkers) all in the hopes of making at least a little money to justify the time they've spent staring at their screen.
So what's a person to do who wants to make best use of the limited amount of time they have to trade Forex?
The answer is simple:
Renko Charts
Take a look at the standard candlestick chart below:
Those two vertical red lines at 04:00 and 06:00 represent two hours of trading on this 5 minute chart, from 9:00 to 11:00 p.m. eastern time (6:00-8:00 p.m. pacific time).
Now take a look at the same time frame (more or less) that is demonstrated by the Renko Chart:
Notice a difference?
Where the standard candlestick chart showed price was in a range with no real discernable pattern, Renko Charts clearly show price moving up and down within the 30 pip range.
And while the candlestick and bar chart crowd was sitting there scratching their heads, trying to decide if they should take a trade, Renko Traders had 8 separate trading opportunities, with 12-24 pips available for the taking. Had you used any of the indicators we recommend with 3 Pip Renko Box Settings (as displayed above) you would have received 8 separate signals worth a minimum of 10 pips each.
That's 80 pips in 2 hours when the rest of the trading world was still trying to decide if they should buy or sell.
Not to mention 80 pips during a time when the markets are considered to be slow and untradable by most traders!
And these are not "cherry-picked" charts. I grabbed these shots from trading just a few days ago. I could have picked charts from the day before, or the day before that, and so on, and still found numerous examples exactly like the ones above.
That's why Renko is so effective!!!
If the markets are really moving, you make money.
If the markets are more or less flat, you can still make money.
If the markets are anywhere in between, you can REALLY make money.
Can the candlestick and bar chart crowd say the same thing?
Here is the main benefit to using Renko Charts: You know when a new trend is developing and you can get into a trade at the very beginning of that trend, long before the candlestick and bar chart crowd has even the first clue as to what to do.
If you trade with a specific pip target in mind (a 10 pip goal, for instance) you can be in and out of the trade, with your 10 pips safely banked in your account, before the rest of the trading world even gets their first signal!
Another benefit of using Renko Charts is you can decide if you want to use Large Renko Boxes (those red and blue candles are called "boxes") and shoot for 30-50 pips a trade, or use smaller boxes (2, 3 or 4 pips is size) and scalp the markets at any time, day or night. Renko boxes are 100% size adjustable, leaving you in complete control over your trading environment.
Of course, anyone can put up some still photos and draw whatever conclusions from them they want.
SO HOW CAN YOU CONSISTENTLY MAKE WINNING 10+ PIP TRADES
USING RENKO CHARTS AND OUR CUSTOMIZED INDICATORS?
Take a look at this screencap. This is what my charts look like when I'm trading, and it's what my charts looked like when I won 21 out of my last 25 trades.
There are a pair of dual-50 moving averages running through the middle of that picture. When price breaks ABOVE the upper band, and all of my other indicators are in agreement, I BUY. When price breaks below the lower band and all the other indicators are in agreement, I SELL.
Some people using this method will remain in a trade until the first opposite color Renko box closes. Others, including myself, prefer to exit at +10 pips profit, as we have a daily trading goal of 20 or 30 pips and many of these trades will stall out after +10. By exiting at or near +10 we are one-third to one-half of the way towards our daily goal.
One thing you need to know about these indicators--4 out of the 5 represented in this picture DO NOT REPAINT, EVER, and as for the 5th, as long as the other 4 indicators are in accord, I have NEVER seen it repaint after giving a concurring signal. On it's own, it will repaint on occasion, but when used properly in concert with the other 4, repainting is NOT a problem!
I wouldn't want you to make a decision without first seeing Renko Charts "live and in action", so below are two videos; the first is an easy 30 pip score using 10 pip Renko boxes, and the second is an even easier 13 pips I made while demonstrating a trading technique using 3 Pip Renko boxes and a couple of indicators which I've found work very well with Renko Charts
3 Pip Renko Box Video
By now you're probably thinking "If Renko Charts are so great, how come everyone isn't trading with them?" It's a fair question, and believe me, I wish I could get the entire Forex trading world to switch to Renkos.
But in the meantime, here is what a few traders who already made the switch to Renko Charts have to say about their Renko experience:
| Aloha, This summer has been the education of Nandarani. All I wanted was a system with which I could work and succeed more than half the time.... thank you for your patience with longer e-mails - all answered by your work once i got into it. I was so unsteady having failed so much that I needed handholding just to trust myself, and had to write as questions occurred...Thank you for giving me a way I can trade and actually WAIT and WATCH for trades. I knew I was supposed to do that before, "the old way" - but never really succeeded very well. Now i am behaving more the way I should. | |
| Nandarani E. Hawaii | |
| Jeff, I just wanted to tell you that your product is simply amazing. Inexpensive, very simple, and yet very effective. I have purchased systems in the thousands that were complicated, and very ineffective. Plus you provide EXCEPTIONAL support! :):) I really like the three methods of trading the system. Strictly when a box changes colors, an RSI crossover, or the conservative approach of letting all the colors line up. And quite frankly they all seem to have a high rate of success depending on the market at that given time. Tonight if one chose to just trade by the change in color of the boxes, there are more winners than losers, plus the winners have had pretty good consecutive runs. Also, for me, the (4) box setting on the EUR/USD is perfect. Not super fast, and not too slow! Thanks again for being one of the few honest people with integrity in this business! :):) | |
| Mark from Bellhurst Fin. | |
A week later, Mark sent this second note...
| Good Morning Jeff: Well I took your advice and took the "thinking" out of the process! I simply traded (4pip) boxes! I had over 50pips in roughly two hours of trading. Live account! By far my BEST EVER!!!!!!!!!! And you are absolutely correct. The key is speed and decisiveness. If you're in a bad trade, simply close it and go the other way. Usually you will get most if not all and then some back! Now I know every night will not be like this, but I honestly think that with this system, the worst I can do is break even on a given night. Especially since I trade the London. I can't believe all the money I have spent, and all the sophisticated indicators and software I've used on other systems to no avail! This is absolutely amazing! And the funny part is that most people won't try it because it's simply too simple! I even tried to make this system harder than what it was by "THINKING" about every trade. Well tonight I just reacted! It's funny I can remember 30yrs ago my H.S. B-Ball coach use to chew me out ALL the time and his constant theme with me was: "Don't think react"! I have always been OVERLY analytical to a fault! Now I don't have to do that! Just react! Thanks again Jeff for EVERYTHING! YOU ARE AMAZING! :):) | |
| Mark at Bellhurst Financial | |
| Hi Jeff, I had purchased your Renko strategy a while back and received your email this evening about the new scalping strategy using Awesome Osscillator. I have just finished trading London and am happy to say I have finished the session at +40 pips. I had mentioned in an email to you last week about maybe going back to the SignalAM indicator for some longer term trading and well, after seeing how this works, I might be reconsidering that idea. Anyway, I wouldn't mind doing a one on one session to make sure I understand it for sure. Also, I am interested in the money management plan that goes along with it. Thanks again! | |
| Mark B. | |
| Hi Jeff, no problems every thing is great , just wanted to let you know what a great system you have here with the Renko charts, wish i had found this years ago,it would have saved me thousands of pounds and hours of frustration, for the first time in a long time i am really enjoying trading, or as we say this side of the pond (didnt know you could have so much fun without taking your clothes off) also your support is second to none, just felt i had to say thankyou for all the work you must have put into this . Have a great weekend , from an avid member of the church of Renko. Regards to you and yours . | |
| Tony A. from the U.K. | |
Remember when I said I'd won 21 out of 25 Trades over the course of one week?
Click on the picture to see it in all of it's full-sized glory
If you've read this far, you're probably convinced of two things:
(1) Renko Charts are a great way to trade the Forex markets, and
(2) The price is going to be completely out of reach.
If that's what you're thinking, you're half right.
Renkos ARE a great way to trade Forex. In fact, for those of us who have made the switch, Renkos are the ONLY way we'll trade the Forex markets now. Why go back to all the noise and uncertainty of candlesticks and bar charts when we can fire up our Renko charts and knock out 5-15 pip trades any time, day or night?
As for the price, well, I think you'll find it's reasonable.
Of course, all the marketing gurus say I should tell you it's worth $2,000, but that I'm not charging that amount, then drag you through a series of other, lower prices.
If you've made it this far, I'm thinking your smarter than all that and just want the bottom-line price.
$49.
Yes, that's correct. No, I didn't forget to add a "zero" in there somewhere.
You get the entire Renko package...
- The Renko indicator that turns your regular MT4 chart into a Renko Chart;
- The additional custom indicators we've modified to work with Renko charts (6, so far);
- The Video AND PDF installation guides that make transforming your MT4 platform into a Renko Trading Machine an absolute snap!; and
- Video training...right now we have 14 videos posted, totaling more than 2 hours of training on how to trade Large Box Renkos and Small Box Renkos, with more video training to come.
You get this entire package for just $49.
I could go on for another hour singing the praises of Renko Chart trading the Forex markets, but assuming you made it all the way to the end, I'm guessing you're smart enough to know a good thing when you see it, and you're ready to give Renko a try for yourself.
Just know that you have a 45 Day Money Back Guarantee that if for any reason you are not satisfied with the Renko Charting package, you can return it for a full refund.
So now it's decision time: do you spend a few bucks and grab a copy of the greatest charting package you will ever use, and set yourself up to start earning 20-50 pips a day on a consistent basis, or do you click away and possibly lose out forever on the easiest way you're ever going to find to extract cash from the Forex markets?
If you're ready to join the Renko family and turn yourself overnight into the most successful trader you know, click the Buy Now button and let's get started.
