some people may have more knowledge than you do, but suck at helping others as they dont have your organized thought-out teaching process with the illustrations you make. I really apreciate the efforts you're making here. Much respect.
Nice video, I personally love it, cause I don't really have all the time to deal with bulk information. So it filters all the unwanted information and leaves me with less information to act on. It helps me understand price moves and establish more objective and repeatable approach .
Cant find a better guru to learn. Very clear and precise explanations. This is the first time watching ichimoku being explained so clearly. I need to watch this over and over again till I am totally clear about this video before moving ahead with other videos on the subject posted by you but to be really honest guys even with a good indicator you can still make a bad trade but in additional of a strategy like the Ash Strategy by aleksandrov you can be a more profitable trader with Ichimoku..Thanks for the fabulous job thanks and regards.
Most of this traders are out of the market holders. The people who trade binary in the early days and if they don't trade with the price/ volume won't be much
You are lucky to get this information. Age in trading is never a barrier. What matters most is if you really know exactly what you are out for. It will be the best for you to start on
Being a wise trader is just for you to know what you're actually out there for and putting effort in investing. At least make sure you gain some profit while doing that.
Interesting concept. I'd love it if you expanded on this with exit postions -- and with "right edge" examples. IOW, show a chart at the point of a trade signal, explain why you think it's a good Long or Short, then show the chart continuing past that to see how it did. Hindsight charts are less useful because we can already see what the ticker did. It would also be great if you could address the basic win/loss ratio of this strategy -- IOW, how many false positives does it produce. Finally, maybe talk about the best "tick" settings for different time settings and/or tickers. For example, when I selected 100 Ticks for GLD, I only got 2 bars for the entire 1 year 1 Daily chart. And no Ichimoku. Thanks for introducing me to a new strategy.
There are so many great traders in the *SQB AMAC Community* making hundred of thousands on a daily basis. . The key with examining their history is not just to marvel at their success, but to try and discern what made them successful. The *sqb strategy* a system, which includes position sizing, stop loss positioning and a successful approach. Jesse Livermore in particular, is a valuable example was one of the founders of this trading system. This strategy is EPIC !!!
Most .. important vedio for trading purpose... And have very effective and resultant.. theory to apply for trading .. i personally use it ... Thanks for.. vedio...
Very well done, extremely precised, accurate explanations. and I can say it does work with a high success rate , I did add the MFI indicator as volume indicator( settings period 7 and 10/90 zone) and the ADX for volatility indicator. I have been using this strategy on ctrader platform with real money with 2 pips renko bars on eur/usd day trading/scalping between 6 to 12 pips per trade.
I've always wanted to try Renko instead of watching candles. Since Renko depends on price action, wouldn't these be good for a 1-3 minute chart on something like Nadex where things go quick and we only have a limited price range to work with?
This is classic hindsight trading, especially the section about ranges. You have no idea when a trend will become a range, or a range will become a trend. Very easy to look back over the past and say 'avoid ranging market', but its just not that simple in real time. If you develop this defensive mindset, you will miss very long trends. From my own personal testing, a working strategy for Renko is taking big swings and accepting small losses. The problem with ichimoku is that its really slow, so you end up missing half of a big swing. Better to try and find another baseline...
Hey! quick question, @7:13 you advise against going long cause Kumo cloud is still red but are we not supposed to look at the cloud which is forming 26 bars ahead which is already green? I am a newbie so if I made some mistake, please point out. Thanks for great vid. subscribed.
According to your strategy here what were the results out of 100-200 trades? In that backtest did you only go long? Short? Or both? More info would be epic. Thank you.
This is a brilliant Strategy! I've been testing it for a few days in lower time frames (as Renko charts don't actually take into account time, but only Price Action, I mean that I usually use this strategy with Renko Bars of 10-20 points, depending on the market and my risk aversion) So I think is also good for Scalping. And it ussually works well with a 1-2 and even a 1-3 ratio. I do add a 200 EMA so I can trade mostly just in the direction of the EMA, and it helps me also to filter choppy zones, where the EMA is flat. Awesome video man, Keep it up! I love your videos about other kinds of charts. Would you make one video about Tick charts?
I see people charging for less than what you teach here. I did a back test and it works very well, some days I it will not give any entries however, the days it give entries mostly was gain. Thank you so much, bless you ☺️
I think 100 units works well for BTC (currently ~65.5k) but I would imagine a smaller unit would work better for others. For example, 5 units for ETH (current price ~4725).
Killer tutorial as usual, my friend. Just a question. How you entrer pratically a trade? With candlesticks, based on time, I enter at the right set up when the candle close, but with Renko? When and how u decide to buy or sell, since there is no way to understand the exact moment the new brick is formed?? Thanx
Your content is excellent. Keep up doing the good work. I am trying to make an automated strategy in Trading view to identify choppy/no trade zone, but getting the logic right seems difficult. Otherwise Renko is giving good results
Thank you for this interesting presentation. I do have a question, though. The "lagging line" (Chikou) always lags behind the current position, correct? It is not calculable at the time one is deciding whether or not to enter a trade. It is only valuable in hindsight to see if you entered correctly. So I am not sure why one would use it at all. Am I missing something? Thank you again and I look forward to your feedback. By the way, this is a problem with many charting videos, which generally show information that is not yet available at the moment one is deciding when to enter. It's easy to see the proper entry time IN HINDSIGHT, but real trading is done in the present, when future data are obviously not yet available.
Joel Finkel I think you missed the point. The lagging line is purely for confirmation. You will have enough runway to see the progressive change in market direction with Renko and Ichimoku cloud combined. You’re looking at this strategy with a mindset of looking at candle stick charts. Don’t over analyse it, follow the rules laid out and you will simply add to your P&L without the noise of candlestick charts.
you can check the lagging line which is behind the current position for just confirmation. If the lagging is line does not favor your trade, it is better to not take position at all.
I've watched this video over & over again. For someone who's used Renko before & wasn't successful- this has provided much need clarity that i didn't have last time I traded renko charts. Would you say renko charts are better on trading view in contrast with mt4? Looking forward to your response. Thanks!
Green or red cloud can help us to buy sell as renko is 50 or 100 points brick this is good way to do smaller swings and instead of waiting for the long swing trading
Nice video on Renko and IC. I thought the cloud represents 26 period in future. The long entry rule says, the Kumo cloud is green and the green renko bar is above the cloud. Can there be a situation where the cloud just below the price is red and lagging span is above the price and cloud?
Loved the video and am currently testing it on a paper trading account. Should be working great given the historical data, but I have a question. When looking at the lagging index if it hasn't gone out of the cloud should you trade when you see the second bar or not. What I mean is do I need to be concerned with where the lagging indicator is against the cloud or only against the graph itself. Thanks again, watched most of the other videos the channel is great! Keep it up :D
@@TheSecretMindset you are welcome! By the way, any strategy with Renko + Donchien channel? I'm playing with this right now and looks very interesting!
Nice introductory into one of the most complicated yet rewarding trading systems known outside of deciphering one of W.D. Gann's systems. I day-trade the E-mini Nasdaq and If I may share a entry point I use. On a short when price breaks below the RED cloud, price has a tendency to retrace up to the cloud, I have seen it do it up to three times.When this happens I set my entry below the lowest low of the retrace with stop at least two ticks above the highest high.Once you're hit if the second candle doesn't break below your entry candle get out.
Great channel mate and nice video ! I have a problem with renko, the charts look different on different time frams which is weird considering theyre supposbly not time based. Newly formed bricks disapear when trend changes ans also dont show up when price changes because its waiting for the time. Do you know if this is normal ? maybe you can make a video on how to deal with that. thanks
We have two time frames telling us the same thing. Also, we don’t use the time rotation as the stand alone but use it to give us greater conviction at the resistance/polarity failure. you can see, this high doesn’t line up with a real good time cluster. That could be a good reason why this high is eventually taken out. time-framing apply renko should depend on your system strategy, price change can often happen if the reversal begins with a large momentum candlestick to the downside. *Lukasz Wilhelm's* method helps better. you can read about his system on google.
@@TheSecretMindset Ok but, my question is, 1 where? What I can't find is how to put the graph at 100 points for each "block" of Renko. I don't know if you understand me
Ezequiel Pereyra In Tradingview you can change the settings of the Renko Bars. Actually you can toggle between ATR and „Traditional“, which lets you enter a fixed number. You can reach the settings with a tap or click on the „Renko“ line on top left of the chart. Use „...“ and settings to get to the parameters.
some people may have more knowledge than you do, but suck at helping others as they dont have your organized thought-out teaching process with the illustrations you make. I really apreciate the efforts you're making here. Much respect.
He's a good communicator but he doesn't know what he's talking about when it comes to Ichimoku. Beware.
Nice video, I personally love it, cause I don't really have all the time to deal with bulk information. So it filters all the unwanted information and leaves me with less information to act on. It helps me understand price moves and establish more objective and repeatable approach .
Thanks a lot!
Did it help you become more profitable? :)
I watched multiple videos about Ichimoku. Never understood it
Now i watched this and understood everything clearly
Thank you
Thanks!
Well you won't understand it watching this nonsense.
Cant find a better guru to learn. Very clear and precise explanations. This is the first time watching ichimoku being explained so clearly. I need to watch this over and over again till I am totally clear about this video before moving ahead with other videos on the subject posted by you but to be really honest guys even with a good indicator you can still make a bad trade but in additional of a strategy like the Ash Strategy by aleksandrov you can be a more profitable trader with Ichimoku..Thanks for the fabulous job thanks and regards.
Tip: the thicker the cloud the stronger the resistance
The first time i came across this channel i thought the voice was a robot.
But this guy explains everything in his channel like a Samulai. 🤺🗡
you really do explain everything so that I understand I have watched many youtube channels and I like yours the best good work keep it up
You are awesome and deserve more than a million subscribers. Thanks for all the efforts
Thanks a lot!
Most of this traders are out of the market holders. The people who trade binary in the early days and if they don't trade with the price/ volume won't be much
You are lucky to get this information. Age in trading is never a barrier. What matters most is if you really know exactly what you are out for. It will be the best for you to start on
@@zoyashaikh143 I totally agree with that
My journey through forex wasn’t an easy one I blew up my trading account so many times because of improper risk management
Hello guys. I'm a newbie and I will like to invest and I do need advice to know if I can do this
Being a wise trader is just for you to know what you're actually out there for and putting effort in investing. At least make sure you gain some profit while doing that.
Interesting concept.
I'd love it if you expanded on this with exit postions -- and with "right edge" examples. IOW, show a chart at the point of a trade signal, explain why you think it's a good Long or Short, then show the chart continuing past that to see how it did.
Hindsight charts are less useful because we can already see what the ticker did.
It would also be great if you could address the basic win/loss ratio of this strategy -- IOW, how many false positives does it produce.
Finally, maybe talk about the best "tick" settings for different time settings and/or tickers. For example, when I selected 100 Ticks for GLD, I only got 2 bars for the entire 1 year 1 Daily chart. And no Ichimoku.
Thanks for introducing me to a new strategy.
There are so many great traders in the *SQB AMAC Community* making hundred of thousands on a daily basis. . The key with examining their history is not just to marvel at their success, but to try and discern what made them successful.
The *sqb strategy* a system, which includes position sizing, stop loss positioning and a successful approach. Jesse Livermore in particular, is a valuable example was one of the founders of this trading system. This strategy is EPIC !!!
I want to go "full Japanese mode"
*revs engine. Rides with Japanese babe!
You clearly have very wide understanding about ichimlku ....i need 3 accounts just to understand to wait for the cloud to change color ...tumbs up
Thank you!
Trading is total psychology, so you need to have a sound mind to be able to win the market. Awesome strategy
Thanks a lot!
Thanks for the video a year ago this vid changed my life an im looking to build on this strategy
Many Thanks for your description, I understood something great with kumo color
Awesome bro..👏expecting this type of videos every week
Thank you! Definitely!
Most .. important vedio for trading purpose... And have very effective and resultant.. theory to apply for trading .. i personally use it ... Thanks for.. vedio...
Very well done, extremely precised, accurate explanations. and I can say it does work with a high success rate , I did add the MFI indicator as volume indicator( settings period 7 and 10/90 zone) and the ADX for volatility indicator. I have been using this strategy on ctrader platform with real money with 2 pips renko bars on eur/usd day trading/scalping between 6 to 12 pips per trade.
Awesome, thank you!
What is the time frame that you use and what ADX should you wait to pass?
I subbed from this video. Just great stuff.
Thanks a lot!
Thanks but you missed talking about stop loss and exit signal??
Awesome strategy! Testing this out with your previous Renko exit strategy with the 10 SMA.
Nice work!
7 months later how well was it? what size renko bricks did you use? still seems it would be hard to recognize that you're in chop with live trading
I've always wanted to try Renko instead of watching candles. Since Renko depends on price action, wouldn't these be good for a 1-3 minute chart on something like Nadex where things go quick and we only have a limited price range to work with?
This is classic hindsight trading, especially the section about ranges. You have no idea when a trend will become a range, or a range will become a trend. Very easy to look back over the past and say 'avoid ranging market', but its just not that simple in real time. If you develop this defensive mindset, you will miss very long trends.
From my own personal testing, a working strategy for Renko is taking big swings and accepting small losses. The problem with ichimoku is that its really slow, so you end up missing half of a big swing. Better to try and find another baseline...
Bro...one small request..do video on support and resistance please
Good value, my friend!
Thank you!
Your videos are outstanding! You have helped me a lot.
Thank you !
👍
You are the goat man. I really understood everything you said
QUESTION: Do you analyze multiple time frames to confirm entry? How do you decide when using 100pts per brick which time frame to use for entry?
Thank you very much..
I have used renkos in the past..
but this looks like a great approach..
I will definitely test it..☺️👍🏻
Excellent. Please also mention the setting in detail
been following uy channel ...thus ive learned a lot....many thanks!....and morepower!
Rock on!
Hey! quick question, @7:13 you advise against going long cause Kumo cloud is still red but are we not supposed to look at the cloud which is forming 26 bars ahead which is already green? I am a newbie so if I made some mistake, please point out. Thanks for great vid. subscribed.
Thanks for the video!! Great info. One question,How do you set up Renko bricks if you want to day trade the ES on the futures market?.
Great job ! Thanks a lot.
According to your strategy here what were the results out of 100-200 trades? In that backtest did you only go long? Short? Or both? More info would be epic. Thank you.
This is a brilliant Strategy! I've been testing it for a few days in lower time frames (as Renko charts don't actually take into account time, but only Price Action, I mean that I usually use this strategy with Renko Bars of 10-20 points, depending on the market and my risk aversion) So I think is also good for Scalping. And it ussually works well with a 1-2 and even a 1-3 ratio.
I do add a 200 EMA so I can trade mostly just in the direction of the EMA, and it helps me also to filter choppy zones, where the EMA is flat.
Awesome video man, Keep it up!
I love your videos about other kinds of charts. Would you make one video about Tick charts?
Great tips, do you have Any tips on exit conditions / take profit conditions?
I see people charging for less than what you teach here. I did a back test and it works very well, some days I it will not give any entries however, the days it give entries mostly was gain. Thank you so much, bless you ☺️
Thanks a lot!
I think 100 units works well for BTC (currently ~65.5k) but I would imagine a smaller unit would work better for others. For example, 5 units for ETH (current price ~4725).
Very informative and nice usage of indicator.. will test further with smaller bricks.. keep it up 👍
Killer tutorial as usual, my friend. Just a question. How you entrer pratically a trade? With candlesticks, based on time, I enter at the right set up when the candle close, but with Renko? When and how u decide to buy or sell, since there is no way to understand the exact moment the new brick is formed?? Thanx
Hi man, you awesome!. I have been created an algorithm strategy and your channel help me a lot. Thanks for everything!, God Bless u
Thank you!
Koszonom a hasznos informaciot es a videot! Ismeros alkcentus… 😀
👍
Your videos are awesome bro, very easy to understand and very informative. Thanks very much. God bless
So nice of you
and i like your sound so much :D
Superb as always - thank you TSM =D
Thanks a lot!
Thanks for a great video!
These videos are sooooo helpful! :)
I'm so glad!👍
Excellent! Thanks!
Thank you for this wonderful video.. what should be the ideal brick size for 0.05 tick?
Thank you so much for the valuable knowledge
Glad it was helpful!👍
Your content is excellent. Keep up doing the good work. I am trying to make an automated strategy in Trading view to identify choppy/no trade zone, but getting the logic right seems difficult. Otherwise Renko is giving good results
THE BEST VIDEO EVER👍
Thank you great lesson and strategy
Thanks a lot!
Can you please show us how to use the Parabolic SAR and Ichimuro alongside candle sticks
Thank you for this interesting presentation. I do have a question, though. The "lagging line" (Chikou) always lags behind the current position, correct? It is not calculable at the time one is deciding whether or not to enter a trade. It is only valuable in hindsight to see if you entered correctly. So I am not sure why one would use it at all. Am I missing something? Thank you again and I look forward to your feedback.
By the way, this is a problem with many charting videos, which generally show information that is not yet available at the moment one is deciding when to enter. It's easy to see the proper entry time IN HINDSIGHT, but real trading is done in the present, when future data are obviously not yet available.
Joel Finkel I think you missed the point. The lagging line is purely for confirmation. You will have enough runway to see the progressive change in market direction with Renko and Ichimoku cloud combined. You’re looking at this strategy with a mindset of looking at candle stick charts. Don’t over analyse it, follow the rules laid out and you will simply add to your P&L without the noise of candlestick charts.
you can check the lagging line which is behind the current position for just confirmation. If the lagging is line does not favor your trade, it is better to not take position at all.
Great videos, Thanks! This strategy good for forex, commodities or indices?
Man thanks for this strategy , it's a really enlightening, pls where can I download this Renko chart indicator for MT5?
Try Forexfactory forums.
This a great combination. Do you think using the Ichimoku w/ heiken ashi would work the same way as well? Love this video btw!
I've watched this video over & over again. For someone who's used Renko before & wasn't successful- this has provided much need clarity that i didn't have last time I traded renko charts.
Would you say renko charts are better on trading view in contrast with mt4? Looking forward to your response. Thanks!
Definitely, most mt4 renko scripts are bad and repainting.
Thanks from BURSA city♥
Renko rules!
damn man this is awesome
Thank you!
MAN !! You are just awesome .....
Thanks a lot!
You're genius bro! thanks.
Thanks mate!
Super encore une foie merci beaucoup!!!!
Green or red cloud can help us to buy sell as renko is 50 or 100 points brick this is good way to do smaller swings and instead of waiting for the long swing trading
Nice video on Renko and IC. I thought the cloud represents 26 period in future. The long entry rule says, the Kumo cloud is green and the green renko bar is above the cloud. Can there be a situation where the cloud just below the price is red and lagging span is above the price and cloud?
Loved the video and am currently testing it on a paper trading account. Should be working great given the historical data, but I have a question. When looking at the lagging index if it hasn't gone out of the cloud should you trade when you see the second bar or not. What I mean is do I need to be concerned with where the lagging indicator is against the cloud or only against the graph itself.
Thanks again, watched most of the other videos the channel is great! Keep it up :D
Thanks. The lagging span needs to be aligned with the cloud.
Best videos ever! Thanks!
Thanks a lot for the kind words!
@@TheSecretMindset you are welcome! By the way, any strategy with Renko + Donchien channel? I'm playing with this right now and looks very interesting!
I really enjoy all your videos, can you explain how to adjust renko settings on tradestation, Thank you so much for all you do
Is easy to see after the market pass the problem is to see that at the moment of the trade
Which "timeframe" do you use for the renko chart? I am using tradingview premium
Renko is independent of time...its a price action based trading system.
Oliver No dear, there is an issue of repainting. Thus we need to set a timeframe for the repainting to not affect pur strategy
Don't use ATR. Traditional, the value depends on the asset
@@Oliver-pl5sk Thats half true
Hello friend! Of course thanks for your usefull videos they are great. Could you write what indicators you use on your screen?
Great work Bro, but which time frame it will work?
Check out my other video about Renko, to understand better.
Excellent!!!
Thank you!
Awesome...sir
SUPER
Thank you!
Good explanation bro
Great value!
Thanks!
Nice introductory into one of the most complicated yet rewarding trading systems known outside of deciphering one of W.D. Gann's systems. I day-trade the E-mini Nasdaq and If I may share a entry point I use. On a short when price breaks below the RED cloud, price has a tendency to retrace up to the cloud, I have seen it do it up to three times.When this happens I set my entry below the lowest low of the retrace with stop at least two ticks above the highest high.Once you're hit if the second candle doesn't break below your entry candle get out.
Useful for 5 minutes time-frame? Plz suggest
Nicely explained everything... But, when to exit long and short trade please tell.
nice video
👍
Can this be used for Intraday trading ? If so, what's the preferred timeframe.Would be glad if you could help me with this . Thanks in advance !
Real MVP
I like the video but not sure what time interval fits the Ichimoku.M1,M5,M15 or H1?
Good one
Wonderful ❣️ 👍
Many many thanks
Hey!!! You been peeking at my charts?!?! Lol
Busted!
Thanks as always for the education. I was wondering how you set your stops using Renko ?
Planning a new improved video about Renko.
Great channel mate and nice video ! I have a problem with renko, the charts look different on different time frams which is weird considering theyre supposbly not time based. Newly formed bricks disapear when trend changes ans also dont show up when price changes because its waiting for the time. Do you know if this is normal ? maybe you can make a video on how to deal with that. thanks
Yes, In Tradingview I noticed this too. I set the H4 chart, apply Renko and don't move to other timeframes.
That's because it is calculating the brick size base on the ATR for that particular timeframe.
Ray Garcia But it happens with the traditional method
We have two time frames telling us the same thing. Also, we don’t use the time rotation as the stand alone but use it to give us greater conviction at the resistance/polarity failure. you can see, this high doesn’t line up with a real good time cluster. That could be a good reason why this high is eventually taken out. time-framing apply renko should depend on your system strategy, price change can often happen if the reversal begins with a large momentum candlestick to the downside. *Lukasz Wilhelm's* method helps better. you can read about his system on google.
Excellent video! I appreciate your work, really.
But I have a question: how do I put the Renko chart in 100 blocks?
I use TradingView in Pro+ Plan.
Use 1 for TradingView.
@@TheSecretMindset Ok but, my question is, 1 where? What I can't find is how to put the graph at 100 points for each "block" of Renko.
I don't know if you understand me
Ezequiel Pereyra In Tradingview you can change the settings of the Renko Bars. Actually you can toggle between ATR and „Traditional“, which lets you enter a fixed number. You can reach the settings with a tap or click on the „Renko“ line on top left of the chart. Use „...“ and settings to get to the parameters.
Love it!
Thanks Paul!
Thank you
Welcome!
What is the time frame bro
What do you think of using the lagging line with stochastic for ranges? Thanks an advance. ✌
At which timeframe this strategy gives me best results?
Excellent
Thank you!
good
Nice video.Would be awesome if you could make a video of exit indicators sometime in the future thx.
Added on my list, probably next month.