In today's update we are going to take you through a nice easy strategy trading the EURUSD V2 Renko. There are actually two strategies featured in this article both designed to capture large movements on the EURUSD during the European session 1:30-5:30AM New York Exchange Time.
This Strategy netted 550 pips last week using the GMT Trading plan which has been very slightly modified from Dave Livesley' member contribution. A very big thank you to Dave who's has also added the NZDUSD and the EURGBP to his tracking and kindly shared those results with us which we will preview shortly.
Definitely the standout performer has been the NZDUSD has produced a massive 3126 pips over 28 trading days. Looking forward to the update on how the pair is doing this week.
I have include the video walkthrough on the Renko sell set-up as well as our trend trader short position for you to preview.
If you would like more information on renko charts, please click on the link below.
http://news.gmtfutures.com/trading-the-currency-markets-using-renko-bars/
For more information concering the article or how to become a gmtfutures/fx member please meial info@gmtfutures.com
Have a great trading day.
Cheers
Team GMT
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