Three Trades as Easy As Pie!
This is one of the simplest trading strategies. The Renko Ichimoku strategy requires very little in the way of indicators and, as you can see, it is a visual technique.
As you can see on the chart are Renko Bars, the Ichimoku Cloud, and in the lower chart is the CCI indicator.
Actually, the CCI is unnecessary for this trade entry, I use it for spotting divergences.
We just have to wait until price crosses the Ichimoku Cloud for an aggressive entry, or for a more conservative entry we can wait until the blue line crosses as well
Often when the price bars rise up to the blue line, we can add to our position.
Those Renko bars are ten pips. so these entries are lucrative.
The requirement for these entries is patience.
For information on Ichimoku Kinko Hyo see this page
Here is a great example as to how powerful this method can be,
I want to share a chart from this past week showing a tremendous entry over two days.
This is CADJPY and the distance traveled is about 300 pips.
Not bad for a couple days of patience.