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
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torvix- see my image from
Why long gold stocks with Renko still bearish?
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