Posted by retirefire on 24th of Mar 2020 at 08:45 am
Matt, thanks for last night recap. Concerning The Renko chart
that you mentioned ,looking for a buy signal, is that a live chart
accessible or does it update nightly. Thanks in advance during
these busy times for you.
Posted by chapgolf on 24th of Mar 2020 at 09:33 am
Matt, theRenko chart has now given a buy signal. What do
you think of using the 5 min chart with the ribbons to look for the
first pinch of the uptrend to buy?
also since that is a daily I think it could flip back during the
day if the market goes back down where you won't see it. So
you have to be away for that. For example show a buy signal now but
if the market reversed and ended back down back the close the BPSPX
might not even show that buy signal. Basically you see intra day
moves on it but then all the past signals only reflect the close,
at least I think.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Matt, thanks for last night
Posted by retirefire on 24th of Mar 2020 at 08:45 am
Matt, thanks for last night recap. Concerning The Renko chart that you mentioned ,looking for a buy signal, is that a live chart accessible or does it update nightly. Thanks in advance during these busy times for you.
it updates during the day
Posted by matt on 24th of Mar 2020 at 09:28 am
it updates during the day which is nice, unlike some indicators like NYMO and CPC which are hrs after the close
Matt, theRenko chart has now
Posted by chapgolf on 24th of Mar 2020 at 09:33 am
Matt, theRenko chart has now given a buy signal. What do you think of using the 5 min chart with the ribbons to look for the first pinch of the uptrend to buy?
yes it went on a
Posted by matt on 24th of Mar 2020 at 09:55 am
yes it went on a buy. that could be an option you mention. I'm swamped here a the moment
watch to see if today is a breakaway gap. So far we are slightly out of the 30 min Wedge pattern but want to see it hold
also since that is a
Posted by matt on 24th of Mar 2020 at 10:00 am
also since that is a daily I think it could flip back during the day if the market goes back down where you won't see it. So you have to be away for that. For example show a buy signal now but if the market reversed and ended back down back the close the BPSPX might not even show that buy signal. Basically you see intra day moves on it but then all the past signals only reflect the close, at least I think.