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Watching CNBC and Carter Worth- chartist this pm- He is drawing comparisoms with the market at the past 1999- 2,000 highs and the present day market- explaining that we are still - adjusted for the CPI- inflation- 30% below where we were back then. This suggests an upside Bias should be...

Friday 3.06.15 Isn't it curious how good news (Positive Jobs report!) but weak wage growth - causes the market to react and sell-off! Dow down almost 300 pts, along with the S&P down 1.5%, Nasdaq -1.24% - Gold down -2.5% - so much for Gold as a safe haven trade! Hasn't it been known...

In the following chart , I change the indicator from the standard 12,26,9 to a much faster- 3,16,9 You can input any numbers you want-to test. The faster indicator captures the price swing off the turn at the low better than the slower indicator- but it comes at a price- more...

iN MY 401K i AM RESTRICTED- I have a selection of mutual funds I can "invest in" - The company that brings these funds to market actively manages the different funds, charges an expense ratio, 12-b-1 fees, and there are undocumented turn-over-transaction costs- All come out of my account...

Raised stops were hit today SSO, DDM,TLT-in the IB account. BRKB stopped out previously . Sold HACK, CURE, XLE - XLF is at my entry cost with a stop $.10 below- Tomorrow will be the day -Yellen spoke today- Jobs report tomorrow. Winning positions- PJP, XBI- MAKING NEW HIGHS- .

I did receive a response from Stock charts support today- They suggested I could use the points setting instead of the ATR. That is still the similar issue of not portraying an accurate picture over larger swings in price value. I wrote them back explaining why I think a % setting is...

I haven't given up on Renko charts- just need to understand the limitations in viewing a chart that has a lot of range in price will give a false sense of smoothness that is not there. Backtesting or viewing charts in smaller price fluctuations will yield fairly accurate results. This chart...

No apologies needed. You were not promoting, but enthusiastic. We all are learning and bouncing ideas here. Good job, you helped us to find RENKO does not quite work. Thanks for that understanding- I still think Renko may be a valuable concept to perhaps employ in one's trading, if one is...

I hadn't looked at my accounts daily for a few days- Markets only had a 1/2% drop from making the new highs-Not much of a decline- but..... I just chose to tighten stops under the pullback lows here in all positions- Fortunately most are higher, but the port is still down 2.5% or so - PJP...

A friend following this thread on pm commented to me that RENKO charts appear to be too good to be true. Almost makes it too smooth- My friend is correct- As i responded to him with all of the things RENKO does not do, I realized something i was aware of - but did not really recognize...

I don't have as much time as I'd like- but I want to follow up with the prior post chart-with an additional chart that simply includes an ema (exponential moving average) that can help to define the chart time frame trend direction. There are different trends within each time frame-...

SPY 60 MINUTE- Several things came to my attention in reviewing this chart and the initial "rules" established- for entry and exit. I intended to set up a 'RULE ' to reduce entry in a declining trend- and that works initially- When price is uptrending, the exit and entry rules could be...

DROPPING INTO A FASTER TIME FRAME, i'LL LOOK AT THE 1 HR CHART. INSTEAD OF THE HI-LO, I WILL USE THE CLOSE SETTING TO START. BECAUSE OF THE LARGE NYMBER OF BARS, I WILL SEGMENT THE CHART INTO 2 SEGMENTS . 1ST CHART IS SIMPLY THE FULL CHART HI-LO

This Daily Renko chart- SPY has some trend lines from swing lows illustrated, but in the same chart I added some Rules to Evaluate for Entry and Exits on specific Renko Bricks- Example- Have a 2 red brick stop-loss under the active brick low. Use a buy-stop entry one atr value...

I'm glad you are having some success- I'm trying to work through possible approaches to applying RENKO- Next chart is a daily- I tossed in some trend lines- didn't use them - but then added some specific rules- take each and every trade signal when presented- for entry levels and...

I went back to the beginning of 2014 on the chart Allowing price x number of red bricks to decline allows for "normal' volatility and normal price swing lows within the uptrend- When price is trending, the trend is often defined as a series of higher highs and higher lows. I think that...

THE PRIOR RENKO CHART ILLUSTRATED A CLOSE SETTING- THEREFORE IT DOES NOT REFLECT THE WIDER RANGE PRICE COULD TRAVEL - THE HI-LO SETTING ON THE SAME RENKO CHART PROVIDES THE CHALLENGE OF ADDITIONAL BRICK FORMATIONS AND MOVEMENTS.

starting at the beginning- a daily chart of SPY. This is a conventional candlestick chart with a moving average- there are periods of sideways price (chop zone), periods of uptrends, and periods of downtrends. In essence, these are the 3 large conditions that price transitions through. A...

A FINAL RENKO DAILY CHART- INTRODUCING A COUPLE OF MOVING AVERAGES-FOR REFERENCE. This is just an outline of a basic chart and the beginning of potentially analyzing a trading approach with the information given here. This is NOT A trading approach itself- but an outline -initial draft-...

I have to repost- I had both charts in the prior post- the 2nd one must be adrift in cyber space.....