Some do, I only want to take these Renko trades when they are
rising over 20% slow sto or falling below 80% as you get two boxes
of change at the same time. That helps eliminate the whipsaws. So
far it hasn't produced two red blocks so I'm still long from
$56.43.
They will do this in a tight market when the price doesn't
change much. I'll use a 3 minute bar chart as well to look for
supports and resistance levels. Now, it's back to two sell
blocks.
I've been doing very well, buying TBT or TLT as they bounce off
their lower channel trend lines. I closed my TLT last
week at almost the top and now I'm long TBT.
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TBT & AIG
Posted by ditch on 4th of Jan 2011 at 02:54 pm
TBT trying to go, AIG failing....
Ditch, do you bail out
Posted by angelo851 on 4th of Jan 2011 at 03:02 pm
Ditch, do you bail out of the trade when you see 2 red bars? Do you then go short? What do you do?
Some do, I only want
Posted by ditch on 4th of Jan 2011 at 03:06 pm
Some do, I only want to take these Renko trades when they are rising over 20% slow sto or falling below 80% as you get two boxes of change at the same time. That helps eliminate the whipsaws. So far it hasn't produced two red blocks so I'm still long from $56.43.
I think it produced 2
Posted by angelo851 on 4th of Jan 2011 at 03:08 pm
I think it produced 2 red boxes at 3:07 PM EST.
yes, it has now, thanks
Posted by ditch on 4th of Jan 2011 at 03:08 pm
yes, it has now, thanks
My renko chart now has
Posted by angelo851 on 4th of Jan 2011 at 03:11 pm
My renko chart now has gone back to 1 red box at 3:10 PM EST. That's why I'm not sure of these renko charts....they change.
They will do this in
Posted by ditch on 4th of Jan 2011 at 03:13 pm
They will do this in a tight market when the price doesn't change much. I'll use a 3 minute bar chart as well to look for supports and resistance levels. Now, it's back to two sell blocks.
Right back to 2 sell
Posted by angelo851 on 4th of Jan 2011 at 03:14 pm
Right back to 2 sell blocks.
I added Parabolic SAR 0.078,0.18
Posted by thermo on 4th of Jan 2011 at 03:23 pm
I added Parabolic SAR 0.078,0.18 for extra confirmation to your chart it is still shows up (thanks for chart),Helps to eliminate some whipsaws
The PSAR keeping you in
Posted by angelo851 on 4th of Jan 2011 at 04:03 pm
The PSAR keeping you in the trade seems to be working!
You can play with parameters
Posted by thermo on 4th of Jan 2011 at 04:19 pm
You can play with parameters I changed to 0.075,0.15 even better,
also added WM% 30 keeps you in a trade(for confirmation). thanks for chart
Thermo, I changed my PSAR
Posted by angelo851 on 4th of Jan 2011 at 04:34 pm
Thermo, I changed my PSAR to your parameters and added the Wm%R(30) to the chart of AIG 5 min. Thanks for your input. This is what make BPT so great!
Yes, that's one of the
Posted by ditch on 4th of Jan 2011 at 04:23 pm
Yes, that's one of the great advantages of Stockcharts.
AIG would have worked out...but it was too late in the day to risk it.
Good idea! I added it
Posted by angelo851 on 4th of Jan 2011 at 03:27 pm
Good idea! I added it to my AIG 5 min renko chart too. Thanks.
TBT
Posted by FIGO on 4th of Jan 2011 at 03:06 pm
Only Trading Long TBT
http://stockcharts.com/h-sc/ui?s=TBT&p=5&b=2&g=0&id=p56379098225&a=218870781
I've been doing very well,
Posted by ditch on 4th of Jan 2011 at 03:10 pm
I've been doing very well, buying TBT or TLT as they bounce off their lower channel trend lines. I closed my TLT last week at almost the top and now I'm long TBT.