Please upload forex video you consider as interesting one. No direct advertising and no offtopic please.
The trading day winds down after 12pm New York time with most electronic
platforms closing for business at around 4 PM Eastern Standard Time on
3. Individual speculators who actively trade currencies trying to profit
from the fluctuation of one currency against another. This is as we
discussed in our last lesson a relatively new phenomenon but most likely
the reason why you are watching this video and therefore a growing one.
Renko Bar |Day Trading | What are Renko Bars | How do Renko Bars Work | Part 1
Renko Bars can be viewed as merely a different way to reflect price on a
chart; in my opinion, I feel they paint the clearest picture of price
Here are my top 6 reasons of why I choose Renko Bars and charts:
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2013.09.03 11:03
Renko (extraction from Achelis - Technical Analysis from A to Z)
The Renko charting method is thought to have acquired its name from "renga"
which is the Japanese word for bricks. Renko charts are similar to Three Line Break charts except that in a Renko chart,
a line (or "brick" as they're called) is drawn in the direction of the prior
move only if prices move by a minimum amount (i.e., the box size). The bricks
are always equal in size. For example, in a 5-unit Renko chart, a 20-point rally
is displayed as four, 5-unit tall Renko bricks.
Kagi charts were first
brought to the United States by Steven Nison when he published the book, Beyond Candlesticks.
Basic trend reversals are signaled with the emergence of a new white or black
brick. A new white brick indicates the beginning of a new up-trend. A new black
brick indicates the beginning of a new down-trend. Since the Renko chart is a
trend following technique, there are times when Renko charts produce whipsaws,
giving signals near the end of short-lived trends. However, the expectation with
a trend following technique is that it allows you to ride the major portion of
Since a Renko chart isolates the underlying price trend by filtering out the
minor price changes, Renko charts can also be very helpful when determining
support and resistance levels.
Renko charts are always based on closing prices. You specify a "box size"
which determines the minimum price change to display.
To draw Renko bricks, today's close is compared with the high and low of the
previous brick (white or black):
If the closing price rises above the top of the previous brick by at least
the box size, one or more white bricks are drawn in new columns. The height of
the bricks is always equal to the box size.
If the closing price falls below the bottom of the previous brick by at least
the box size, one or more black bricks are drawn in new columns. Again, the
height of the bricks is always equal to the box size.
If prices move more than the box size, but not enough to create two bricks,
only one brick is drawn. For example, in a two-unit Renko chart, if the prices
move from 100 to 103, only one white brick is drawn from 100 to 102. The rest of
the move, from 102 to 103, is not shown on the Renko chart.
Expert Advisors: Renko Line Break vs RSI EA
Sergey Golubev, 2014.03.28 07:39
Developed in the 18th century in Japan to trade rice, Renko charting is a
trend following technique. It is excellent for filtering out price
“noise” so traders can catch a major part a given Forex trend. It was
believed that the name “Renko” originated from the Japanese word ‘renga’
Similar to Kagi and Point and Figure charting, Renko ignores the element
of time used on candlesticks, bar charts, and line charts. Instead,
Renko focuses on sustained price movement of a preset amount of pips.
For example, a trader can set the bricks for as little as 5 pips or as
many as 100 or more. A new brick will not be formed until price has
moved 100 pips. It could take 24 hours for a new brick to form or it
could take just a few hours. However, no bricks will form until the
preset limit is achieved.
Find the Trend Direction
Renko charts can incorporate many of the usual technical indicators like
stochastics, MACD, and moving averages. Today’s strategy will marry up
Forex Renko charts with a 200 Exponential Moving Average (EMA) to find
trend direction. Very simply, if price is trading above its 200 EMA,
then the trend is up. If price is trading below its 200 EMA, then the
trend is down.
This filter will give us a directional bias much like a compass or GPS.
We will look to only take long trades when the Renko bricks are trending
above the 200 EMA. On the other hand, in a downtrend, if the Renko
bricks are trending below the 200 EMA, then the trend down. Forex
traders will only look to short the market. One of the biggest mistakes
swing traders make is entering trades that go counter to the dominant
When to Get In
After the dominant trend direction is determined, traders can use the
simplicity of Renko charts with a single 13 period EMA as a ‘trigger’ to
signal an entry in the direction of the major trend. First, wait for at
least two green bricks to appear above the 13 EMA. Then enter long on
the appearance of the second green brick above the 13 EMA.
Exiting for Profit and for Loss
Once a trader is “triggered” into the trade, a protective stop can be
set one-brick size below the 13 EMA. As long as the bricks remain above
the 13 EMA, we look to stay with the trend. Just as the 13 EMA can get
you in a new trade, the same EMA can be used to stop out a winning trade
locking in profits.
Traders will need to manually move the stop one brick-size below 13 EMA
and the current price brick. You can see in the example above how the
combination of Renko and the 13 EMA helps traders stay with the trend a
is the 1st video in a series on economic reports created for all
markets, or for those who simply have an interest in economics. In this
and the next lesson, we cover the Employment Situation Report, also
known as Non Farm Payroll.
Non-farm Payrolls is the assessment of the total number of employees recorded in payrolls.
This is a very strong indicator
that shows the change in employment in the country. The growth of this
indicator characterizes the increase in employment and leads to the
growth of the dollar. It is considered an indicator tending to move the
market. There is a rule of thumb that an increase in its value by
200,000 per month equates to an increase in GDP by 3.0%.
FF forum economic calendar :
mql5 forum thread :
Non-Farm Employment Strategy
AUDUSD M5 with 45 pips in profit (by equity) for NFP :
EURUSD M5 : 87 pips price movement by NFP news event :
NZDUSD M5 : 37 pips price movement by USD - Non-Farm Employment Change :
Trading EURUSD during NFP :
02: NON FARM PAYROLL (Part 2): ECONOMIC REPORTS FOR ALL MARKETS
This is the second part of video lesson about nfp.
The Bollinger Bands were created by John Bollinger in the late 1980s.
Bollinger studied moving averages and experimented with a new envelope
(channel) indicator. This study was one of the first to measure
volatility as a dynamic movement. This tool provides a relative
definition of price highs/lows in terms of upper and lower bands. The
Bollinger Bands are comprised of three smooth lines. The middle line is
the simple moving average, normally set as a period of 20 (number of
bar/ticks in a given time period), and is used as a base to create
upper/lower bands. The upper band is the middle band added to the given
deviation multiplied by a given period moving average. The lower band is
the middle band subtracted by the given deviation multiplied by a given
period moving averages. What can we use this for?
As Dr. Van Tharp states in his book, the advantage of this model is that
it standardizes the performance of a portfolio by volatility or in
other words does not allow financial instruments with a higher
volatility to have a greater affect on performance than financial
instruments with a lower volatility and vice versa.
Name of this video is Full Metatrader 5 Overview. Some MT5
features were not explained there but, anyway - it is interesting to
watch about Depth of Market feature and about other features of
Metatrader 5. To make it shorter - this is very quick overview (about 10
minues) about the differences of Metatrader 5 compare with Metatrader 4
Review of Metatrader 5 iPhone App
About Metatrader 5 mobile application :
How to Trade the GDP Number
A lesson on what traders of the stock, futures, and forex markets look
for when the Gross Domestic Product (GDP) Number is released.
As we have learned in previous lessons there are many components of the
US Economy which can affect overall economic growth and inflation
expectations. Some of the major examples here are how many people are
employed in the economy vs. unemployed, how much the housing market is
growing in different parts of the country, and at what rate the prices
for different products in the economy are seeing increases.
As all of these things are so important to the economy and therefore to
the markets, there are no shortage of economic reports which are
released to try and help people gauge how things are going with
different pieces of the economy. It is important for us as traders to
understand the major reports here as even if we are trading off of
technicals, understanding what is happening in the market from a
fundamental standpoint can help establish a longer term bias for
trading. In the short term an understanding of these numbers will also
help to assess the erratic and sometimes extreme movements which can
occur after economic releases.
The granddaddy of all economic reports is the release of the Gross
Domestic Product (GDP) number for the economy. The Gross Domestic
Product for the US or any other country is the final value of all the
goods and services produced in that economy. Essentially what you get
after calculating GDP by adding up the value of all goods and services
produced in the economy is a measure of the size of the overall economy.
It is for this reason that market participants will watch the GDP
number closely as the rate of growth in this number represents the rate
of growth in the overall economy.
As a side note here, GDP also allows a comparison to be made of the
sizes of different economies from around the world, as well as their
growth rates. To give you an idea of just how large the US Economy is,
2007 GDP for the United States was estimated at 13.7 Trillion dollars.
This is in comparison to the next largest economy in the world, Japan
which has a GDP of under 5 Trillion Dollars.
Quarterly estimates of GDP are released each month with Advance
Estimates which are incomplete and subject to further revision being
released near the end of the first month after the end of the quarter
being reported. In the second month after the end of the quarter being
reported preliminary numbers (which basically means more accurate than
advanced) normally are released and then finally the final GDP number is
released at the end of the 3rd month after the end of the quarter being
Traders are going to focus heavily on the growth rate released in the
Advanced number and markets will also move on any significant revisions
made in the preliminary and final GDP numbers.
GBPUSD M5: 59 pips range price movement by USD - GDP news event:
EURUSD M5: 42 pips rangeprice movement by USD - GDP news event:
USDCAD M5: 83 pips price movement by USD - GDP news event: