I'm noticing that by the time you get the 2nd buy confirmation
box, the price has moved so far off the bottom that the sell signal
that comes is close to the same price as the buy. Am I reading the
chart incorrectly or do you see the ame thing?
I am also having some issues with Renko charts that I just
started using. I am using Tradestation and I cannot get them
to look like Matt's charts. They normally change direction
more. Stockcharts has the concept of block size and time, but
Tradestation has only the concept of block size. Can anyone
comment on this? Thanks.
I am having a similar problem. When I refreshed my chart, I saw
2 white (buy) boxes disappear and turn into 1 red box. WTF! Got
burned twice now trying to trade this.
Renko -- you have to wait till the bar closes before doing
anything....remember it doesn't show gaps -- I don't like them---
paper trade them for a while
I was actually thinking about signing up for software last week
that offered renko charts...looking at your comments I am having
second doubts...I know they can really chop you in nontrending
markets
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is the buy after green
Renko charts, 10 and 30 min
Posted by chlo888 on 8th of Aug 2011 at 10:31 am
is the buy after green boxes in a row?
need 2 in a row
Posted by matt on 8th of Aug 2011 at 10:33 am
need 2 in a row
I'm noticing that by the
Posted by chlo888 on 8th of Aug 2011 at 11:04 am
I'm noticing that by the time you get the 2nd buy confirmation box, the price has moved so far off the bottom that the sell signal that comes is close to the same price as the buy. Am I reading the chart incorrectly or do you see the ame thing?
my experience is renko is almost impossible to use....
Posted by marketguy on 8th of Aug 2011 at 11:07 am
what does this mean
Posted by jasonpuuri on 8th of Aug 2011 at 11:35 am
BUY PRICE
Buy price
Posted by auni on 8th of Aug 2011 at 11:25 am
Guys, buy price not indicators. There is no magic.
You can't realli trade base
Posted by bristol on 8th of Aug 2011 at 11:09 am
You can't realli trade base on it; it's only good in hindsight.
Not much point to bring out this indicator when it works and shelfing it when it dun.
Renko charts
Posted by freeswim on 8th of Aug 2011 at 11:16 am
I am also having some issues with Renko charts that I just started using. I am using Tradestation and I cannot get them to look like Matt's charts. They normally change direction more. Stockcharts has the concept of block size and time, but Tradestation has only the concept of block size. Can anyone comment on this? Thanks.
Renko charts
Posted by donald on 8th of Aug 2011 at 11:23 am
same observation here freeswim, donald
I never understoond the time
Posted by gram on 8th of Aug 2011 at 11:21 am
I never understoond the time frame on Matt's Renko Charts...since renko charts is all about price and not time...
guess you didn't read last
Posted by Palladin on 8th of Aug 2011 at 11:23 am
guess you didn't read last nite newsletter?
MOODY'S AFFIRMS US AAA RATING
Posted by marks on 8th of Aug 2011 at 11:10 am
short term renko that is....
Posted by marketguy on 8th of Aug 2011 at 11:08 am
Renko
Posted by sethbru on 8th of Aug 2011 at 11:06 am
I am having a similar problem. When I refreshed my chart, I saw 2 white (buy) boxes disappear and turn into 1 red box. WTF! Got burned twice now trying to trade this.
Renko -- you have to
Posted by bkout3 on 8th of Aug 2011 at 11:12 am
Renko -- you have to wait till the bar closes before doing anything....remember it doesn't show gaps -- I don't like them--- paper trade them for a while
I was actually thinking about
Posted by gram on 8th of Aug 2011 at 11:14 am
I was actually thinking about signing up for software last week that offered renko charts...looking at your comments I am having second doubts...I know they can really chop you in nontrending markets