SPX Renko charts are great!

    Posted by davidd on 8th of Jun 2010 at 01:53 pm

    I have studied the 5, 10 and 30 minute charts very closely and learned to trade from excessive levels when they start to reverse and I wait for confirmations before making the trade. This tends to avoid most of the whipsaws.  I trade SSO and SDS all day long. Patience is required  as well as attention to all the action.  Running better than 80% success rate so far.  I also constantly raise the stops so that any reversal will guarantee success. I don't need to find the top or bottom, just book the profit on the way up or down.  Getting stopped out is ok with me! 

    Nice Job David, I'm happy

    Posted by matt on 8th of Jun 2010 at 02:50 pm

    Nice Job David, I'm happy that we can provide tools from time to time that are of help.

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