Calm your trading emotions using this approach!
https://youtu.be/b2GxZbIbrvA
00:11
Introduction to Renko and non-time-based charts
00:11
The speaker apologizes for technical issues with the monitor and chatbox, then introduces the concept of using non-time-based charts, specifically Renko charts. They explain that Renko charts provide a way to smooth price action, highlighting the use of a Renko optimizer across three different time frames: 15 seconds, 30 seconds, and another duration not fully mentioned. The segment emphasizes the practical application of these charts as an alternative to traditional time-based charts.
01:33
Using Renko optimizer across multiple timeframes
01:33
The speaker demonstrates using the wrinkle optimizer tool by selecting a 15-second segment, which automatically calculates the optimal brick size. They highlight the simplicity of the process and point out a clear trend visible along the timestamp in the tool.
02:02
Renko smoothing congestion and price spikes
02:02
The speaker explains how Renko charts smooth out periods of congestion seen in time-based charts, reducing the spikes and erratic movements typical around certain times. By filtering out these...
Using the tickspeedometer to help reveal participation and momentum in all markets.
https://youtu.be/9m7gun9_IkY
00:00
Webinar introduction and disclaimer
00:00
The host welcomes attendees to the webinar, noting the global audience including participants from New Zealand. They invite viewers to share their locations in the chat for personalized greetings. Before beginning, the host highlights the disclaimer that trading involves significant risk.
00:30
Audience overview and trading categories
00:30
The speaker advises viewers not to use money they cannot afford to lose. They acknowledge the presence of various participants, including Forex program students, quantum software users, book buyers, and newcomers. The session is set to begin with a discussion of the charts and the underlying methodology.
01:06
Volume Price Analysis methodology
01:06
The speaker introduces volume price analysis (VPA) as a method to analyze charts by examining the relationship between price action and trading volume. This technique helps confirm whether market movements are genuine or traps set by insiders, market makers, or smart money. VPA is versatile and can be applied across all markets and...
Using Renko chart patterns in forex
In this video, David looks at how using tick and renko charts can help to determine momentum and trader participation.
https://www.youtube.com/watch?v=cUc-6BRnceQ
00:10
Introduction to Renko charts
00:10
The speaker introduces non-time-based charts, specifically Renko charts, using the CAD/JPY currency pair as an example. They explain that the principles remain consistent across different time scales, including 15-second, 30-second, and one-minute intervals. The speaker also demonstrates how to verify the speed and appropriate brick size settings for trading on these charts.
00:37
Optimal brick size for CAD/JPY
00:37
The speaker demonstrates adjusting timing settings, moving through 15-second, 30-second, and 1-minute intervals to deliver an optimal brick size for CAD. This optimal setting is dynamic and changes throughout the session to maintain efficiency.
01:15
Trading without guesswork with Renko
01:15
The segment explains that using the indicator eliminates guesswork by automatically determining what to trade, allowing trading in harmony with the market's speed. It highlights the benefits of combining Renko charts with time-based charts, where the time-based chart provides comprehensive information...
