remember you can check that on your own. just pull back that
renko chart that's posted in the newsletters or on the blog, it
updates intra day, that's why I provide the links for you guys.
otherwise the answer is no, it has not reversed. remember
my comments before about how after the system just had a huge
winning trade, so the odds of the next one being a whipsaw losing
trade or only a minor winner are very high. The odds of the system
having back to big winning trades are low
think of that system like Elliot Wave patterns. In Elliot
Wave your trending waves generally alternate, wave 1 is trending,
wave 2 is chop/consolidation, wave 3 is trending, wave 4 is chop,
wave 5 is trending, wave A is trending, wave B is chop, wave C is
trending. system does better on wave 1, 3, 5, A, C, while
chop waves will generally be whipsaws, waves generally alternate,
that's why rarely will that renko catch back to back huge moves
unless the renko avoids the chop wave
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Has the renko system for
Highlights of the FOMC statement released March 16, 2016: - ...
Posted by 2thguy on 16th of Mar 2016 at 02:17 pm
Has the renko system for GDX flipped long off this move?
remember you can check that
Posted by matt on 16th of Mar 2016 at 02:27 pm
remember you can check that on your own. just pull back that renko chart that's posted in the newsletters or on the blog, it updates intra day, that's why I provide the links for you guys.
otherwise the answer is no, it has not reversed. remember my comments before about how after the system just had a huge winning trade, so the odds of the next one being a whipsaw losing trade or only a minor winner are very high. The odds of the system having back to big winning trades are low
think of that system like
Posted by matt on 16th of Mar 2016 at 02:30 pm
think of that system like Elliot Wave patterns. In Elliot Wave your trending waves generally alternate, wave 1 is trending, wave 2 is chop/consolidation, wave 3 is trending, wave 4 is chop, wave 5 is trending, wave A is trending, wave B is chop, wave C is trending. system does better on wave 1, 3, 5, A, C, while chop waves will generally be whipsaws, waves generally alternate, that's why rarely will that renko catch back to back huge moves unless the renko avoids the chop wave