torvix- see my image from last night and
newsletter - the renko trade signals have been good, but they also
occur after a top or bottom is in, sometimes quite late at times,
though it's made money because it trends well. The
renko won't act on a dime like you can with a technical pattern
like that wedge. it doesn't mean that the systems are not
good, but it should be treated with respect to itself and not
compared to a 60 min pattern, of course it's not going to respond
like that, just common sense, see the image of past Renko trades,
again it catches nice moves but always after the tops and bottoms
are in the real view mirror, which is just common sense
Torvix: Because RENKO is slower moving and the setups were valid
for at least a quick trade long. The proof is in the pudding as the
trades worked. Please review the tutorial and understand pattern
recognition.
Why long gold stocks with Renko still bearish?
Posted by torvix on 18th of Jun 2015 at 12:02 pm
Thanks.
torvix- see my image from
Posted by matt on 18th of Jun 2015 at 12:20 pm
torvix- see my image from last night and newsletter - the renko trade signals have been good, but they also occur after a top or bottom is in, sometimes quite late at times, though it's made money because it trends well. The renko won't act on a dime like you can with a technical pattern like that wedge. it doesn't mean that the systems are not good, but it should be treated with respect to itself and not compared to a 60 min pattern, of course it's not going to respond like that, just common sense, see the image of past Renko trades, again it catches nice moves but always after the tops and bottoms are in the real view mirror, which is just common sense
Torvix: Because RENKO is slower
Posted by steve on 18th of Jun 2015 at 12:05 pm
Torvix: Because RENKO is slower moving and the setups were valid for at least a quick trade long. The proof is in the pudding as the trades worked. Please review the tutorial and understand pattern recognition.
I think that's too dangerous
Posted by torvix on 19th of Jun 2015 at 03:20 am
I think that's too dangerous game to play and can easily get caught out big time as per EGO which had a massive move down.
EGO
Posted by roger on 19th of Jun 2015 at 09:11 am
Always pays to check the weekly and even monthly chart
weekly
The buy signal was right at the top
Posted by torvix on 19th of Jun 2015 at 09:16 am
massive head and shoulders on the monthly back when..
Posted by roger on 19th of Jun 2015 at 09:32 am
monthly
Do you mean this top?
Posted by roger on 19th of Jun 2015 at 09:21 am
monthly chart
Your chart settings
Posted by pwb8 on 19th of Jun 2015 at 09:23 am
What settings are you using for the purple and orange line Roger?
tsi standard
Posted by roger on 19th of Jun 2015 at 09:24 am
tsi standard
$BPENER - This appears to be long? Is it a mirage?
Posted by prvtii on 18th of Jun 2015 at 12:19 pm
no - where do you
Posted by matt on 18th of Jun 2015 at 12:21 pm
no - where do you see that from? there is no PSAR buy signal on that yet
Ahhh; you are correct; just macd cross on $Bpener so far
Posted by prvtii on 18th of Jun 2015 at 12:26 pm
MACD crosses
Posted by ohhenry on 18th of Jun 2015 at 01:17 pm
At the beginning of 2015 it looks like there was a MACD cross down but the $bpener chart says there was not- could you explain.