If you’re not pulling at least $500 per day out of the futures market, then you need to take a few minutes and read every word in this report.

Because the money is out there, just sitting on a table, waiting for you to reach out and grab it.

The question is, are you brave enough to pick it up?

Or are you more comfortable hiding behind all the same tired old chart setups and “conventional wisdom” everyone else is following…

Content to lose money day after day…

Wondering if you just need to add a couple of new Indicators to your already overcrowded chart…

Or maybe move up one time frame from what you are already using…

Or was it move down one time frame????

Look, if you’re a day trader (or want to be one) you need to understand something that is fundamental about trading.

And that one fundamental thing is this:

Trading is a hell of a lot simpler than most teachers, trainers and coaches make it out to be.

And that is all because of this simple truth:

When you are trading, price can only move one of two directions, up or down.

At it’s very essence, trading is a 50/50 proposition.

Once you figure that out, it’s a simple matter of cutting your losses short and letting your winners run.

But an entire industry has sprung up, dedicated to (allegedly) making you a better trader by teaching you everything you never needed to know about trading and all the component parts.

Indicators (there are hundreds of them), charting software and all the options that go with it, trading time frames, the mental and emotional games related to trading, the impact of astrology (star signs) on trading (and no, I’m not making that last one up)…

And all of this information can be yours if you just sign up for a course that costs $599, $997, $4,999, etc.

I know of traders who have spent upwards of $15,000 in their quest to become better traders and still can’t show two winning weeks in a row. And I have no doubt there are people out there who spent more than that.

Look, it’s not about how much you know about trading. In fact, knowing too much can lead to what experts call “paralysis by analysis” which means you know so much and can see things from so many different angles and perspectives, you can’t make a decision to buy or sell due to all the conflicting bits of information you are processing.

If you are serious about becoming a winning day trader, then your first step is to forget everything you know, or think you know, about trading, and simply start over.

Pick a vehicle to trade (ES, MES, CL, or whatever), set up a single chart and add 2 indicators…one for trend and one for entries/exits. Only enter a trade in the direction of the trend and exit when the entry/exit indicator tells you.

Can trading possibly be any simpler than that?

And don’t worry, I can hear your questions and comments from here.

Notice anything different?

I mean, aside from the fact it probably doesn’t look even remotely like the chart you are currently trading?

It’s called a Renko chart, which is a charting system that only places completed bricks (or boxes) on your chart when price moves ”X” amount (and you control the value for “X”).

In the picture above, the Renko boxes are worth 4 ticks each, so a full box is worth 1 full point when trading the ES.

You probably also noticed a pair of lines snaking through the chart.

Those are the two indicators we use to determine both Trend and Entries and Exits. In fact, it’s the same indicator, but set to two separate settings.

Take a look at that same picture but with arrows added to show entries:

Now let me ask you a completely serious question:

If you were looking at this chart as a day trader, and you noticed the trend and the entry indicators were both changing color at the same time…

Could you take these trades? (just for clarification, there are 7 trades on that chart with 7 arrows marking the entries (red = sell, green = buy). 2 trades ended in small losses of 4 ticks each under our guidelines, 1 lost 8 ticks, while the remaining 4 trades ended up at +8 ticks, +8 ticks, +24 ticks and currently the final trade is open at + 24 ticks and climbing, for a current total of +48 ticks with more possible depending on current price action).

Let me ask you another serious question:

Can you make that many ticks nearly every day trading your current chart setup?

If you are trading time based charts, the answer is most likely a resounding NO.

Because time based charts have a fatal flaw built into them and that is the requirement that you typically wait for the current candle or bar to close before you take a trade.

Waiting 5 or even 15 minutes to take a trade can be (or at least feel like) an eternity in futures trading.

That means you are usually passing up on banking dozens of ticks while you wait for the 5 minutes or 15 minutes to elapse so you can take the trade according to your rules.

Renko traders have the clear advantage here.

Time is meaningless with Renko.

Only price action matters.

And as you can see from the chart above, when we get both of our indicators aligned, we take the trade. No waiting for a time based candle to close before we act.

And please don’t think those pictures were cherry picked to show the best possible outcomes.

What you just looked at is pretty much a typical chart we see almost every day trading Renkos.

Just to give you an idea of how much you are missing by trading time based charts, take a look at this video scroll through a week’s worth of trades on the ES