The GDX Renko system is an end of day system, the stats are built via taking the closing prices.  However one thing that I've noticed is that sometimes by the close, the Renko price can be 50 cents or 80 cents below (for longs) the end of day price, and vice versa for shorts.  This  means that sometimes you don't get as good of price at end of day.  However I've kept it as an end of day system because a lot of people work jobs, and it makes it easy to enter at the close.

however one thing that would be interesting would be to take a look at all the past intra day data and see how much better prices one could get via buying intra day once the Renko level was broken vs only waiting for the close, and putting a stop in place below the renko price, say for example 10 - 20 cents, enough to prevent you from getting stopped out by a couple pennies.  Obviously some instances you would buy and get stopped out and the system would not end of triggering officially at the close, while other times you would get quite a bit better prices.  It would be interesting to see if this would add up over time to improve the stats, how many trades would it positively affect and negatively affect?   Again these are things that you could only answer via going back and looking at all the past intra day data and then looking at each and every trade, so it would take a bit.  Again the stats may show show that it's better to always take the closing prices, or not, you really don't know until you crunch the numbers

anyone here bored?  want something to do?

anyway gold is up today on QE hopes, and of course it was so oversold

currently the market is selling off strongly, and if that continues, then I expect weakness to spill over to the gold stocks.