Price Action RENKO Strategy for Day Trading & Scalping (Beginner Friendly)

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  • Опубликовано: 16 янв 2025

Комментарии • 191

  • @TheSecretMindset
    @TheSecretMindset  3 года назад +3

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    • @mohammadabujuma3927
      @mohammadabujuma3927 3 года назад

      Can you make video a bout Elliot wave strategy continuation to the last video 🤔🤔

    • @robertmahabub5868
      @robertmahabub5868 3 года назад

      trading generally is not as easy as it seems and that's why it's advisable for one to invest with a good trader who gives guidance and also decides when it is favorable to invest

    • @stone420
      @stone420 3 года назад

      Can we just use the default settings of the Renko? Atr set at 14?

  • @KeiraR
    @KeiraR 3 года назад +7

    You did an incredible job explaining the power of trading with the renko chart. Thank you so much! 😁

  • @leonardoowen1704
    @leonardoowen1704 3 года назад +56

    The market is growing daily with new strategies and trading opportunities. Financial empowerment is our everyday chase and Shaw has proven to be a part of this mission. his strategy is the best .

    • @jamesbilly1838
      @jamesbilly1838 3 года назад

      The forex market is inarguably becoming one of the most successful trading platforms and professional traders have a big say to this.

    • @megatahmed1051
      @megatahmed1051 3 года назад +1

      i have been in search of a trader for some time now

    • @kendrickharvard9860
      @kendrickharvard9860 3 года назад +1

      One of the reasons I started investing with Shaw is due to the pandemic which greatly affected the online market as of last year

    • @kendrawoods933
      @kendrawoods933 3 года назад +1

      this trader has really made a name for himself

    • @annabrent7529
      @annabrent7529 3 года назад +1

      i am a single mother with a kid and coincidentally the same period my ex husband and i divorced was when i got introduced to his platform i sustain myself and my kid with his turnout

  • @paulrusso3634
    @paulrusso3634 3 года назад +19

    I have been looking to Invest I think this is the right time

    • @griffinmilks5600
      @griffinmilks5600 3 года назад

      @Chan Franca that's a great way to make an extra income. I make an extra $2k from my profits weekly
      been helpful to my general family income

    • @janvesely3862
      @janvesely3862 3 года назад

      @@griffinmilks5600 wow! amazing Retruns, that is a significant profits
      I have been making just a few dollars, what is your strategy can you share ?

    • @griffinmilks5600
      @griffinmilks5600 3 года назад

      @@janvesely3862 I make a few stock picks and work with a financial exp3rt that aides stock trading,
      that has been way to earn returns passively.

    • @jakecarr4711
      @jakecarr4711 3 года назад

      @@griffinmilks5600 awesome! financial guide is a smart way to make a great investment.

    • @ADMIN-bs8nx
      @ADMIN-bs8nx 3 года назад

      @@griffinmilks5600 very good, can you recommend a good financial Advisor ?

  • @HydGeek
    @HydGeek 3 года назад +16

    Adding Ichimoku to a Renko chart also helps see the trend very clearly .... Thanks for another great video .....

  • @oazaspokoju9440
    @oazaspokoju9440 Месяц назад +1

    Renko is the best strategy❤ my accurate is 90-95% but I investing only 1 entry per day

  • @gracewalker1319
    @gracewalker1319 3 года назад +20

    Great video... The covid-19 global pandemic shut many financial institutions from functioning thereby rendering most people jobless & investors lost more than they ever thought of losing.

    • @madisonjames9220
      @madisonjames9220 3 года назад

      Bitcoin trading is now the fastest way to make money online at your own comfort, I can't believe it could be so profiting

    • @madisonjames9220
      @madisonjames9220 3 года назад

      Most people don't invest due to ignorance.

    • @stonesmount5149
      @stonesmount5149 3 года назад

      speaking of investing, forex trading is the best business in the world right now i know a couple of of friends who make a lot of money weekly trading the financial marketsspeaking of invest

    • @stonesmount5149
      @stonesmount5149 3 года назад

      People are scared of investing because of high rate of scammers on the market.

    • @ronmichael7278
      @ronmichael7278 3 года назад

      But of a truth they are scammers but real brokers are out there too waiting for investors.

  • @eqqismar
    @eqqismar 3 года назад

    renko pin bars...interesting...every video learning something new!

  • @digitalnomad3201
    @digitalnomad3201 4 месяца назад

    amazing video thank you

  • @ForexRevolution
    @ForexRevolution 3 года назад +5

    TO SEE YOUR FIRST VIDS COMPARE TO TODAY IS NIGHT AND DAY DIFFERENCE IN THE GOOD WAY. KEEP THE BULLISH TREND OF SUCCESS :))

  • @nadershera9029
    @nadershera9029 9 месяцев назад

    ❤❤❤❤❤❤❤ your are top
    Nader from France

  • @fantomghost6213
    @fantomghost6213 3 года назад

    Great video. Always so knowledgeable!

  • @DopeShady
    @DopeShady 3 года назад

    Bro!! Thank you. You have made my knowledge increase very well since I had started forex trading. Thank you.
    I believe from now-on I will start making good trades and honest profits.
    But please share the values on your Trend Line and RENKO.
    Again, thank you.

  • @drwatson1234
    @drwatson1234 3 года назад

    super helpful. thanks!!

  • @alm4862
    @alm4862 3 года назад

    Exactly my point...👍👍👍Danko...💪💪💪

  • @SergiuCerneavschi
    @SergiuCerneavschi 3 года назад

    multumesc de o nuanta noua interesanta. demult mi-au placut renko si tot le studiez din diferite perspective ;) succese!

  • @snehalchopade3522
    @snehalchopade3522 3 года назад

    Thanks A Lot. Very Helpfull.🙏🏻👍🏻

  • @themeditatorinpeace9665
    @themeditatorinpeace9665 3 года назад

    Amazing video. Tnx so much. Any ideas on implementing this to binary options?

  • @zacklockwood7314
    @zacklockwood7314 3 года назад +9

    There's more to trading than just green and red lines, the importance of getting a skilled entity which will serve as a guidance to trading fundamentals, time and risk management has been overlooked by many and that is why investors tend to lose trades.

    • @biancagreenwood638
      @biancagreenwood638 3 года назад

      Indeed good timing produces good results but I don't have to worry about proper time management or risk involved since I started investing with OctaFx Investment. I have been earning massively every week.

    • @markanderson7985
      @markanderson7985 3 года назад

      I make huge profits on my investment since I started trading with OctaFx investment, their trading strategies are top notch coupled with the little commission they charge on their trade.

    • @peterjohnson4219
      @peterjohnson4219 3 года назад

      This is not the first time I'm hearing about OctaFx but I have no idea how to get to them.

    • @charlottejones341
      @charlottejones341 3 года назад

      As a first time investor, I started trading with OctaFx investment with just a thousand bucks, my portfolio is worth much more than that now within just weeks of trading with them.

    • @daviswilson8086
      @daviswilson8086 3 года назад

      How do I get through to them?

  • @ashuthinks
    @ashuthinks 3 года назад +2

    Very impressive video but what should be box size ATR or traditional for intraday? I'm from India trade in index nifty and banknifty. How to find perfect boxsize ?

  • @Tunc_T
    @Tunc_T 3 года назад +1

    Great work my master, thanks. I wanna ask something; can we make combination with other indicators effectifly to Renko charts?

  • @phuongle4735
    @phuongle4735 3 года назад +2

    It's so helpful, which I'm looking for. Thank you so much ❤️❤️❤️❤️

  • @Anubis82
    @Anubis82 3 года назад +1

    watching this for the fifth time. just awesome! thanks alot as always for all you are providing here. Question: would a volume indicator added (obv or mfi or cmf) help or not necessary?

  • @mhhqp8335
    @mhhqp8335 2 года назад

    thanks

  • @andrespeianovich1945
    @andrespeianovich1945 3 года назад +1

    Hi, always very interesting videos! Question: which training / education channel or training can you recommend me to start learn, study and trade Futures? Thank you!

  • @Patso65
    @Patso65 3 года назад +1

    Great presentation, however, you left out one VERY important thing; what SIZE renko box is represented in this video?.

    • @TheSecretMindset
      @TheSecretMindset  3 года назад +1

      Look top left.

    • @Patso65
      @Patso65 3 года назад

      @@TheSecretMindset That's like a 2 point font(?). I can't see it.

  • @josemariacastellanos7401
    @josemariacastellanos7401 3 года назад +1

    Everybody gets renko charts wrong. Every block of the chart is not (only) a movement of the price in a certain range. Everyone says it is different from bar charts or candle sticks but Renko charts rely heavily on candle sticks or bars. To make it clear:
    FIRST YOU NEED TO SELECT THE TIMEFRAME THAT YOU WANT YOUR RENKO CHART TO RELY ON (DAILY, HOURLY, 5 MINUTES)
    BASED ON THAT, THE RENKO CHART WILL THEN GET THE INFORMATION OF THE CLOSE OF EACH TIME (EACH DAY, EACH HOUR, EACH 5 MINUTES)
    THEN THE RENKO CHART WILL PAINT A BOX WHEN THE BAR CLOSES ABOVE THE PREVIOUS RENKO CHART PRICE RANGE OR (IF IT'S GOING IN THE OPPOSITE DIRECTION) BELLOW 2 TIMES THE LOW OF THE PREVIOUS RENKO CHARTS.
    So the chart is going to be different on each timeframe and some blocks will never be confirmed until the price closes on the selected timeframe
    Thanks

  • @simoneneft3286
    @simoneneft3286 3 года назад

    thanks! supply and demand request pls!

  • @kingjames2226
    @kingjames2226 3 года назад +1

    RENKO AVAILABLE ON MT4 ?

  • @kpnitrl38
    @kpnitrl38 3 года назад

    Master teacher, I'm not sure this is any better than a three-bar play or four bar play. Definitely different though. I've never even heard of this type of setup before.

  • @blazejsos
    @blazejsos 3 года назад +1

    But when you set 1h interval and 0.1 renko boxes size - like you do, there is one problem - at the end od hour there usually form more then one renko box, so you cant open your position on the next box after pin box... Mayby 1minute interval is the solution?

  • @juniormarshallhastings723
    @juniormarshallhastings723 2 года назад

    8:52 I would have entered a short position at the close of the bar that came immediately after the pinbar.

  • @parham_cripto
    @parham_cripto 3 года назад

    Good

  • @ForexRevolution
    @ForexRevolution 3 года назад +3

    IMPORTANT QUESTION - THIS RENKO IS NOT AVAIBLE ON MT4 AND 5 AND ON TRADINVIEW ITS NOT FOR FREE.. ANY OTHER PLACE TO FIND IT FOR FREE?? THANKS

    • @mikasatampan8860
      @mikasatampan8860 3 года назад +2

      Its available on mt4. You can download indicator at the market. Open offline chart using PeriodConverter for renko chart. Google it, its easy

    • @ForexRevolution
      @ForexRevolution 3 года назад

      Ok thanks! Didn't knew that. I'll do this , best regards!

  • @emmett33
    @emmett33 3 года назад

    I heard you on crow radio today 👍

  • @oisterzenitzer9748
    @oisterzenitzer9748 2 года назад

    what is the renko value used here?

  • @mohamedfazlan752
    @mohamedfazlan752 2 года назад

    I am confused with the stoploss, does one box above the renko pin means a full box above pin or the top of the box which the pin has already partially covered?

  • @srinatreddy1316
    @srinatreddy1316 3 года назад

    sir where can i get renko pin bar indicator

  • @gregory7927
    @gregory7927 2 года назад

    I love these videos. So clear, so interesting. Can't wait to try using RENKO bars...I know you use trading view (as do I), but how do you add pins to the blocks if you're setting your blocks manually (what they call traditional). I have wick option ticked and am using .1 time frame, but I don't see any pins...only when I switch to the ATR version do they show. Let me know if you can.

    • @shet9591
      @shet9591 7 дней назад

      same i dont see any pins either

  • @martinvelesik6099
    @martinvelesik6099 3 года назад +1

    hello, i am blind, or where i can find Dynamic S/R in tradingview ? thanks :-)

  • @parham_cripto
    @parham_cripto 3 года назад

    could you tel me pls wich renko box setup is better?i confused

    • @TheSecretMindset
      @TheSecretMindset  3 года назад

      I can't tell you that...I don't know your style, your experience etc...YOU have to determine the box size yourself.

  • @johnclaassen9527
    @johnclaassen9527 3 года назад

    Thanks for very helpful video. Can you please make a video on the use of Murrey Math lines? Appreciate your time and effort.

  • @Realpearl2039
    @Realpearl2039 2 года назад

    What box size should be applied for XAUUSD pair please

  • @oazaspokoju9440
    @oazaspokoju9440 Месяц назад

    Renko with wick?

  • @iamdervy8789
    @iamdervy8789 3 года назад

    For some pairs, the renko bars are disappearing/reforming. Why is that so??

  • @arshaunstocktradingchannel2445
    @arshaunstocktradingchannel2445 3 года назад

    happy new year to everyone

  • @byronvinix
    @byronvinix 3 года назад

    What should be

  • @ademkarahan20
    @ademkarahan20 3 года назад

    👏👏👏

  • @Jmarif3
    @Jmarif3 3 года назад

    Sir kindly suggest an indicators for scalping in crypto currency market

    • @matino717
      @matino717 3 года назад

      Start learning how to make scripts to use multiple indicators combined in one strategy. Backtest as much as you can... But really, if you learn to code you will have time to live in the future, and avoid emotional switches... ; )

  • @iamdervy8789
    @iamdervy8789 3 года назад

    I prefer the ATR cause when I put the boxes in traditional/fixed the candles disappear after a while. 🤷‍♂️

    • @ronathanedwards
      @ronathanedwards 2 года назад

      Yeah, on TOS I don't have (or can find) an option for ATR on my boxes.

  • @fahrialimoglu9368
    @fahrialimoglu9368 3 года назад

    Harikasın

  • @johngreydanus2033
    @johngreydanus2033 3 года назад

    RENKO sure looks great, but wait until there is a fast move, you just can't trade quick enough, probably why no one shows any live trades; or have you seen a video on that?

    • @TheSecretMindset
      @TheSecretMindset  3 года назад +1

      If you set a bigger box size and swing trade, the pace is greatly reduced.

    • @Mason_Kane
      @Mason_Kane 2 года назад

      Increase renko size

  • @Grinderius
    @Grinderius 3 года назад

    I tried renko bars but it gets on my nerves cause i cant get the right size box for crypto market, while i use standard atr 14 certain coins always go 4-5 bricks above the moving average(in one take) so im always late to the party. -.-

  • @ahmetkb
    @ahmetkb 22 дня назад

    👀👀

  • @vandaal91
    @vandaal91 3 года назад

    Better than Heikin Ashi?

  • @Historyprepares
    @Historyprepares 3 года назад

    where do i find this indicator on tradingview?

    • @TheSecretMindset
      @TheSecretMindset  3 года назад +1

      Watch the Renko Cheet Sheet video!

    • @Historyprepares
      @Historyprepares 3 года назад

      @@TheSecretMindset unpayed the money renko is amazing!!!

  • @vikfy
    @vikfy 3 года назад

    Unable to see Pin bars in Renko.

    • @adeleibesh
      @adeleibesh 3 года назад

      Increase the box size. You have to adjust that based on the asset you are charting.

  • @voy_tech
    @voy_tech 3 года назад

    👍

  • @khaleelazan8903
    @khaleelazan8903 3 года назад

    Where do you find Renko Pin Bars for MT4 ?

  • @officiallykavanaghjay5720
    @officiallykavanaghjay5720 3 года назад +2

    obviously, Investing in crypto currency now should be in every wise individuals list, in a year to 3years time, you will be extactic with the decision you made today

  • @luzhelenaflorez6790
    @luzhelenaflorez6790 3 года назад

    Como puedo traducirlo en español

  • @JAShalvey
    @JAShalvey 2 года назад

    My Renko charts don't show wicks (pins), so I guess I'm outta luck!

  • @eightteenplus4968
    @eightteenplus4968 3 года назад +1

    Renko not work in indian stock market.

  • @luzionprotocol7061
    @luzionprotocol7061 2 года назад

    buy lzn and hold

  • @binshan8535
    @binshan8535 3 года назад

    Third

  • @chandanbarnwal
    @chandanbarnwal 3 года назад

    Why You Speak so fast ...
    Speak litle slow ...
    आप इतनी तेजी से बोलते हैं कि यह मुझे ठीक से समझ नहीं आता है ।
    Love from India .

  • @justinmacasinag6258
    @justinmacasinag6258 3 года назад

    First

  • @tetsuya-scao
    @tetsuya-scao 3 года назад

    Second

  • @laurenth7187
    @laurenth7187 3 года назад

    I will not use Renko, as i will not run with crutches. If everything else you taught is valid, who needs Renko.. ? think about that, i also won't pay my broker twice to get them. KSS, Renko is NOT simple ! Renko is a ugly mix where time disappears.

  • @uiraex
    @uiraex 3 года назад

    tradingview renko can only be used with a 1s timeframe, keep that in mind

    • @geoff6203
      @geoff6203 3 года назад

      There's no timeframe to renko blocks

    • @uiraex
      @uiraex 3 года назад

      @@geoff6203 have you ever used renko in tradingview? try it and you'll know what i'm talking about

    • @geoff6203
      @geoff6203 3 года назад

      @@uiraex I have a paid subscription, I can use any size blocks.
      You just don't understand what they are.

    • @uiraex
      @uiraex 3 года назад

      ​@@geoff6203 If you use a small block and a high time frame it will keep appearing as a ''ghost'' and will only ''register'' the renko when the time has passed

    • @uiraex
      @uiraex 3 года назад

      @@geoff6203 you just don't understand how tradingview works