GDX - Chart Link - the renko system at the
moment is back on a sell, remember 50.40 was the reversal price as
I noted the other day, however the closing price is what matters -
so if GDX closes over 50.40 it will NOT reverse to a short
$BPGDM - Chart Link - the BPGDM system has
always remained on a short, didn't get the whipsaw the Renko is
having.
One thing that I would like to note and I've mentioned this
before, that Renko may eventually have to be changed etc, the 0.63
box size will not work forever. I would honestly like to
simply the systems, maybe I can do to the BPGDM system what I did
with the BPENER system and just have one.
GDX Renko and BPGDM
Posted by matt on 2nd of Nov 2012 at 12:25 pm
GDX - Chart Link - the renko system at the moment is back on a sell, remember 50.40 was the reversal price as I noted the other day, however the closing price is what matters - so if GDX closes over 50.40 it will NOT reverse to a short
$BPGDM - Chart Link - the BPGDM system has always remained on a short, didn't get the whipsaw the Renko is having.
One thing that I would like to note and I've mentioned this before, that Renko may eventually have to be changed etc, the 0.63 box size will not work forever. I would honestly like to simply the systems, maybe I can do to the BPGDM system what I did with the BPENER system and just have one.
Thanks Matt, looks like a good sell signal
Posted by morton13 on 2nd of Nov 2012 at 12:37 pm
as the daily macd pointing down and then probably crosses zero....