Matt:  That would be AWESOME.  I use IBD volume (even though I have Stockcharts) as it seems to come out really well when I plug in your Watchlist and rank by volume % gain. I don't think that Stockcharts does this.

Matt:  THAT would be WONDERFUL if your programmer could set up DYNAMIC charts of the watch list using Stockcharts with VOLUME.  (We don't ask for much do we?)

In the meantime, I have a 60 Minute Renko list in my "Your Favorites" area of Stockcharts with your current watch list.  (I just have to update it - and my IBD list, as you ad and remove the stocks each day)

It  really does not take that long and that way I can look at the Renko charts as well as the IBD volume of the stocks that I own and all the stocks on your watchlist.

I never sold RIMM (when you had it on your watchlist) and it has been my best performer so far.

I am TRYING to learn to hold onto my leaders.  The 60 Minute Renko charts are helping me.

I retired with a lump sum that has to last me the rest of my life so I have to be a bit more conservative than many of your daytraders. BUT... I feel that I am learning.

FinaM

Bugsdrugs:  THANKS,  I think I'll just hold onto it now and wait for a sell on the 60 Minute RENKO.  (That seems to be working for me) FinaM

I still have a full position on RIMM in my trading account.  It is still a buy on the 60 Minute and Daily Renko but I think Earnings come out tonight so I may sell at the end of the day if you think it is shortable.  Please let me know.  IBD shows earnings in June but they are not accurate.  Does anyone know the real earnings date on RIMM?

Otherwise, I can just wait until I get a sell on the 60 Minute chart as I have a good gain on this one.  It may just do what GDX just did and give 2 sells and not the other one. THIS may be a good test.  Earnings is a bit of a concern but there is no overhead resistance.  (The last high was at $137 and we are now at $140) so I am thinking that this may still be a longer tern hold.  Thanks, FinaM

Matt:  YES, I LOVE them.  I just noticed that the 60 Minute GDX (I have DGP) gave us a sell signal on the Renko and the Slow STO but I stayed in (as you said) because the SAR was still on a buy.  This seems too easy!!!  I know that there will be some losses but this system is SO much easier for me to follow.  Thanks again,  FinaM

Dave:  Based on the video rules, this would be a BUY. (on the Renko, SAR and STO)

 How nice that we can now just figure this out for oursleves using the rules. QLD has stayed in a BUY using the DAILY Renko too.  I prefer the daily ones but I am a longer term trader.  FinaM

Matt:  I liked your updated Renko system video.  I saw it on Thursday or Friday when you first posted it and went to look for it again today and saw the updated version.  (I was not able to open the one that you E Mailed me this weekend for some reason)

Anyway, I also think it would be  nice to have a place to store these educational video's on the blog.  maybe at the top of Blog where you post the Dynamic charts of in another area.  Just let us know where and we can then review them periodically. (when time permits)

This really helped me stay long on QLD last week in my IRA account.  Today, I am glad that I did.  THANKS,  FinaM

I am holdin gthis one for a longer term but will raise my stops as it moves up. I also think this is a nice one Matt.  THANKS.  FinaM

Matt:  I would like to know this too.  Maybe something for an evening update.  (to educate us a bit more)  FinaM

Matt:  I also LOVE the Renko charts. THANKS for being a scientist and the video and set up on how to use them. I just copied your dynamic one that you posted and use it all the time with different timeframes.

 I would love to see a DYNAMIC renko chart for 60 Minutes and Daily (Boy do I want a LOT) as you now post the dynamic 15 minute charts at the top of the blog. (I think that we can figure out the arrows but they are certainly helpful if some are not sure as to when the exact BUY and sell points are.  I look at both Nasdaq and SPX but I trade the Nasdaq one using QLD and QID)  It is SO MUCH clearer using the Renko charts.  It actually helped keep me in my long position yesterday and avoid a loss today. 

I am thinking of trading the daily charts in my longer term IRA account and the shorter term charts in my trading account.  (leaning towards the 60 Minute charts)   Have you done any backtesting as to which is more profitable?  15 min or 60 Min?

I'll try to do it today and post my results when I do.

THANKS AGAIN, FinaM

Matt:  I like the idea of written rules.  It would be nice to have that posted somewhere where we could have easy access to it for future reference.  (Maybe in the Resources section or there could  be a subsection somewhere for education)  Just a thought.  FinaM

Zarathustra1:  Just an FYI.  The easiest way that I have found to do this is to save one of Matt's charts that has the correct setting in Stockcharts.  Then you just change the ticker and timeframe.  THAT way you get all the right settings.  Just look through the blog for a dynamic one of what you are looking for.  THEN you can see  how to do the settings yourself next time.  (or just save the new ticker to one of your saved lists) It works for me. (and I don't know much about these chart settings) Just learning too.

If the SLOW STO crosses back over 20 it should be a good buy for us longer term investors,  (I am thinking)

THANKS Matt. (for keeping it in perspective for us longer term traders)  I am still long in my IRA account. The 13 EMA is still over the 34 EMA on the daily charts of NDX and also the Daily charts of the NDX on Renko have the STO not yet crossing down and the Mac D Hist and William %r are all still at the top.

I am thinking that I can ride out this downturn and buy some more once it starts up again. 

I also like MEA right now.  If it holds up through this downturn it should have a good run. MEA looks AWESOME on the 60 minute Renko and also had a STRONG breakout today.  Today's Volume was 2,405,200 (when I checked around 12:30) and the average daily volume is 376,000. 

FinaM

Does this mean that we are about midway through this rally?  Thanks for the info.  FinaM

Matt:  John Murphy showed a chart of the $NYA with a ROC indicator at the bottom.  That indicator showed Positive Divergence from Feb to April (and we went up) and Negative divergence from April to May.  I already asked him what the ROC is but if you can enlighten me too, in the mean time, that would be great.  If this is a reliable indicator, maybe we can use it.  THANKS,  FinaM

Matt:  That was an AWESOME Video on the Renko System.  I saved  your chart that you posted for DIG (that you posted separately) and was able to change the Stock ticker and use it for other charts VERY WELL.  Maybe in your system section, you can have some of these charts posted.  I appreciate all the work you put into these systems.  FinaM

Brian P Benda (Stockcharts Public charts) also says that we will have a short term top on May 6th and then a bottom on June 24-26 (which is timed with a FOMC Meeting) Maybe we will see.

Matt:  I have not yet bought into the DIG / DUG thing but just watching for a good entry.

Now it looks like the 60 Min Renko is a good tool for entry and exits.

Good to have an alternative to watch.  (Maybe we will switch to this one or use as confirmation)   FinaM

Thanks Matt for mentioning the SHORT TERM TRADING ONLY.  Sometimes I look at the blog and am not sure what is short or long.  FinaM

Great Matt:  Let us know if you do.  Right now (even with the gap up that may fill) the overall direction of the market (Intermediate) is still up so this looks like a risky play to me.  FinaM