GDX Renko system and 60 min chart system comments

    Posted by matt on 23rd of Jan 2012 at 03:35 pm
    Title: click to expand

    regardless if the current GDX Renko system

    Posted by matt on 24th of Jan 2012 at 12:44 pm

    regardless if the current GDX Renko system trade works out or not, at least the 60 min timing version got a better price than the daily chart!  The daily short is now flat, while the 60 min version is up 1.6%.  

    Here's a table of the Stats comparing the Daily Renko signals vs the 60 min.  The yellow highlighted cells where the 60 min timing version produced better results, which has been most of the time, not always.

    regardless of how the trade

    Posted by matt on 23rd of Jan 2012 at 09:25 pm

    regardless of how the trade does, here's the updated statistics for the 60 min version assuming that today it would have taken the trade even though 14 length Stochastic only got a hair overbought.  As you can see the loss from the last trade is only -1.9% vs -3.1% on the daily.  I've also highlighted other trades that were better in yellow.

    If the %K gets overbought tomorrow, I'll send out another email as that should be an even better signal

    Thanks, Matt.

    Posted by frtaylor on 23rd of Jan 2012 at 10:21 pm

    Thanks, Matt.

    Just an idea to share. 

    Posted by tom on 23rd of Jan 2012 at 03:42 pm

    Just an idea to share.  I know some people are trading these signals in different ways.  Maybe if you took half on the Renko signal, I personally might hold off and not follow this signal and see if we get more overbought, but if you didn't take half on the Daily Renko signal then maybe you could take half now on this close call since your getting a better price and then wait out the 2nd half but now you have skin in the game.  Just a thought, do as you prefer.

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