11# Renko Scalping with vsa Trading System
Renko with Volume Spread Analysis
Submit by Joy22 (Written by Canuckct) 31/12/2011
I time my entry using M2 and a 4 pip renko. Those two charts must be in agreement....after price crosses the 10sma, the open of the next bar is where I enter when I believe that the price is starting to move.
The swingman indicator is there as a visual only as sometimes I have a hard time
reading immediate price action and I have a bias for movement. This helps me get rid of that.
Once I'm in a trade, I like to ride the 10sma on the renko chart....when it crosses back I'm out.
Here is a trade I just closed....and is typical of the trades I'm looking for...although M5 doesn't always seems to be as abvious as this trade.
Share your opinion, can help everyone to understand the forex strategy.
Renko Forex Strategies