Disliked{quote} Thanks for the response matmomo, i appreciate it, i will do what you suggest and aim for a daily pip goal,one question i really wanted to ask you is do you look at higher timeframe charts when trading? like 1h 4h daily etc? or do you feel that the renko charts give you all the information you need? thanks again boss.Ignored
you asked me an interesting question.
In my opinion we have two choices:
- We trade in search of trades of 10 / 20 pips.
In this case we can trade blindly, without knowing how the market will evolve.
At least twice a day we have patterns that can guarantee us 10 or 20 pips.
- We trade by looking for trades from 50/100 pips.
In this case we need to know in which waters we are sailing.
I personally use to look at h4 and daily charts at the beginning of the day.
Control weekly pivots and S&R. I use a Renko 30 charts for the same reason and then i move on the Renko 10 to trade.
So H4, Daily and Renko 30 for preparation. To trade Renko10 and 1m chart for entries and rebounds, on these last two charts I have the daily pivots.
Let me know.
Stay green.
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