How to Makes Profit with Renko Street Trading System
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Thread: How to Makes Profit with Renko Street Trading System

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    Post How to Makes Profit with Renko Street Trading System

    The Renko Street Trading System is based totally on PRICE, no longer TIME. Renko charts are dynamically up to date with bookmarks. The Renko chart is viewed the excellent way to predict adjustments in market sentiment that precede new trends. Reversal of the trend is marked by using the look of candles in a number of colors. An easy-to-follow system is to act in the path of the trend and quit when it changes. The levels of support and resistance are easily considered in the Renko diagram. The Renko chart smooths market noise, shows trends, and recognizes sales. The Renko chart is very high quality for traders to identify key levels of support and resistance. Buy / Sell warnings are generated when the trend and color of the candle changes. The genuine volume cost is displayed for every Renko candle.

    What can be displayed on the Renko Street Trading System even without indicators (summary):
    Support and resistance levels
    Buy/sell/exit signals
    Actual volume
    Why 90% of all systems are profitable, but 90% of traders lose money or mistakes from normal traders.
    You do not believe your system or indicators..
    Enter into buying and selling too late or too early.
    Take two-thirds of the trade instead of the complete lot.
    Leave buying and selling too fast.
    Ignore your own trade rules.
    Changes the rules during trading.
    Without patience
    Perform transactions between sessions.
    Traders see the market not as they are however through the lens of their personal expectations.
    Risk Level.
    Traders don’t follow their own rules like StopLoss, TakeProfit, and leave the positions too quickly.
    You have to understand your strategy earlier before starts trading. If the market turns towards you, exit trading if the stop loss level is met. Always comply with your buying and selling plan. Non-compliance with trading plans is the largest mistake a dealer makes. You have to understand exactly what you are going to do from begin to finish before you enter the trade and stick to it. Don’t bet in trading. If you can’t overcome this obstacle, don’t remain long at the merchant. Don’t hesitate to enter the transaction after you set the conditions Be careful of curves; don’t come too early.

    Patience is the key
    Many people who start trading have difficulty handling the principles of money and risk management. In this aspect of trading, you need to calculate everything for you and adjust the size of your transaction based on your balance while maintaining your risk tolerance. Suppose you are ready to risk 5% of your account for each transaction.
    $ 1000 x 5% = $ 50 venture capital.

    About Repaint and non-repaint.
    Many humans have questions about indicators to paint and not paint the system. I can say that you don’t have to fear about this kind of metric. It is vital how the indicator itself is read. If you find an indicator that hasn’t been repainted, you will be given it as flat, delayed, or delayed. More Versa. Because the indicator is primarily based on prices driven by prices. There is no perfect system/indicator to grant an real signal. The actual signal is price. That’s why I combined three indicators to promote it and supply the fantastic chance to win the signal. Everyone is a trader for themselves … I discover myself a complex trader again. You just realise what type of trader you are.

    In my case, my system accounts for 75% of trade, the other is technical analysis (candle table model – Elliott waves from TF H4 and D1), experience and the least felt. Feel secure in your trade! You need to be one hundred percent sure about what you are doing. This is the only way to succeed! Whatever system you use to trade. There are no more guesses in trading. Money Machine doesn’t exist. There is no super-smart forex buying and selling tool that will enable you to make extra profit, extra profit. The only feasible solution is to use a mixture of unique instruments – the system identifies low-cost market forces to get the maximum number of transactions with high chance over a certain length of time.
    Last edited by Gamer; 12-06-2019 at 08:47 PM.

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