(Req)Easy Renko System

[gopala]

please share this system looks very promising

500 USD

 

This trading system is based on utilization of the Non Time-frame based analysis called the Renko Chart. In Renko Charts time is not of concern or time is not what causes separation of one bar/candle to another, the emphasis is on the price and the movements in pips. Like a 10pip renko chart will display candles that are 10pips big and what separates one candle from another is 10pips of movement. Hence using a renko chart the noise of time-frame based chart are removed and it shows you the chart based on the movement of the market in pips. Time-frame is one easy way of losing money in Forex because if you are using a GMT Broker the candles look different, if you are using a GMT+2 broker candles look different and if you use a GMT+3 broker it looks different. So basically it’s the best way of losing money because indicator reading looks different from broker to broker, candles look different from broker to broker. As forex traders we only need to be concerned of one thing that is the PRICE, because that’s what we are dealing with, Price is what makes people want to buy or want to sell. Change of price is what the deciding factor is between Earning and losing. When the price of a currency is low it gets into demand, when the price of a currency is high it gets into selling.

 

http://easyrenko.crazy4us.com/t15-easy-renko-system

Edited February 27, 2012 by gopala
corrections

[newbie111]

OOPS, I posted this in wrong section Edited February 27, 2012 by newbie111