This mercantilism system based mostly|is predicated|relies} on utilization of the Non time frame based analysis referred to as the Easy Renko System Chart. In Easy Renko System Charts time isn’t of concern or time isn’t what causes separation of 1 bar/candle to a different, the stress is on the value and therefore the movements in pips. sort of a 10pip Easy Renko System chart can show candles that are 10pips huge and what separates one candle from another is 10pips of movement. therefore employing a Easy Renko System chart the noise of time frame primarily based chart are removed and it shows you the chart supported the movement of the market in pips.
time frame is one simple manner of losing cash in Forex as a result of if you’re employing a Greenwich Mean Time Broker the candles look totally different, if you’re employing a GMT+2 broker candles look completely different and if you employ a GMT+4 broker it’s different. thus primarily it’s the most effective manner of losing cash as a result of indicator reading appearance totally different from broker to broker, candles look totally different from broker to broker. As Forex traders, we tend to solely ought to be troubled of 1 factor that’s the value, as a result of that’s what we tend to are coping with.
Value is what makes folks need to shop for or need to sell. amendment of value is what the deciding issue is between Earning and losing. once the value of a currency is low, it gets into demand/buying & once the value of a currency is high it gets into supply/selling. thus we tend to simply ought to be troubled with value and with Pips in