YM inverse Head & Shoulder buyyyyyyyyyy

[Overnight]

Overnight, por favor post an image YM Renko for June 28-29.
You trade Dec. contract? Post up a June contract too?

Gives an apples to apples comparison (of two perspectives on the same data via Renko and Candlestick 5 minute YM for date June 28-29, June contract).

YM June 5m candlestick chart type shows RickshawMan's Inverted Head and Shoulders.

The H&S had Lots of Headwind took lots of Time and a follow-on cup and handle to get going.

There might be some Nice Renko Signals between the H&S trigger time, and the time price finally crossed above the H&S entry price level for the Last time on it's way up North to a 100% retracement of the prior move.

That Head and Shoulders had an entry time of June 28, 3:50 PM.
Thirteen hours later at about 5:AM June 29 the price was Still at the entry level of the H&S 13 hours earlier.

That's plenty of time for a good Renko signal to emerge and a Timely Signal is
better than sitting through whipsaws that require substantial leeway when
setting stop loss.

That Head and Shoulders' 30% drawdown to target ratio may
not compare favorably with what your Renkos can do.

Show me the Renko. I want to believe.

Here's a 10,5 unirenko on YM for June 27-28 as requested. Time stamps at bottom are US EDT.

Analyze it man. Draw your lines in hindsight.

P.S. You mean Sep contract, not June.

 

[easymon1]

Here's a 10,5 unirenko on YM for June 27-28 as requested. Time stamps at bottom are US EDT.

View attachment 262154

Analyze it man. Draw your lines in hindsight.

"Overnight, por favor post an image YM Renko for June 28-29."

Just trying to learn, my man.

How are Renko Charts useful in YOUR hands.

You use them for a reason for sure.
Show us why?

 

[Overnight]

Just trying to learn, my man.

How are Renko Charts useful in YOUR hands.

You use them for a reason for sure.
Show us why?

It is what I started with, and worked with the indicator package and mentorship I purchased back in 2014 when I started this journey. I have stuck with it ever since.

I can change the candle type in NT back to OHLC and the like and be normal like everyone else, sure. But that will just confuse me. My brain has been burned-in staring at these things for all that time. No need to muck up the works now, heh.

 

[easymon1]

It is what I started with, and worked with the indicator package and mentorship I purchased back in 2014 when I started this journey. I have stuck with it ever since.

I can change the candle type in NT back to OHLC and the like and be normal like everyone else, sure. But that will just confuse me. My brain has been burned-in staring at these things for all that time. No need to muck up the works now, heh.

What is your method?
What triggers a buy or a sell to open?

 

[Overnight]

What is your method?
What triggers a buy or a sell to open?

I no longer have a method. I got scarred from the chart violence of Trump's Twitter tantrums on the China trade war, and last spring's moves through the extremes when the pandemic triggered breakers. Now I look for a dip, buy and just hold to my target, no matter the drawdown.

Buy, hold, and roll if necessary.

 

[easymon1]

I no longer have a method.

Thanks for the chart.

No method?
Buy and Hope is not a method?

Do you know of any Renko gurus?

 

[Overnight]

"Overnight, por favor post an image YM Renko for June 28-29."

Just trying to learn, my man.

How are Renko Charts useful in YOUR hands.

You use them for a reason for sure.
Show us why?

Sorry, I meant to type Jun 28-29, Look at the time stamps on bottom of chart.

 

[Overnight]

Thanks for the chart.

No method?
Buy and Hope is not a method?

Do you know of any Renko gurus?

Buy and hold has been a method for what, 12 years now? Why should it not continue?

And the only Renko "guru" I knew was my mentor who retired at end of 2017, right before SHTF with Powell and Trump's trade war BS.

 

[tiddlywinks]

Buy and hold has been a method for what, 12 years now? Why should it not continue?

And the only Renko "guru" I knew was my mentor who retired at end of 2017, right before SHTF with Powell and Trump's trade war BS.

Looks to me like the Trump years were pretty darn good... for traders!!

 

[Overnight]

Looks to me like the Trump years were pretty darn good... for traders!!

Yeah yeah, I get it. 2014-2017 is where I learned my "craft". Then 2018 hit and I got blindsided. "Thunderstruck", if you will. And the song encapsulates it well.

The very beginning of the song is 2017. Once they start breaking bow strings, It's Powell and Trump at the helm. Vol ensues.