lowtrade

[Agent13]

Nice suit. Had to hunt you down BOS. Trying a 15 min renko was an idea I got from you. Love the renko style personally. Filters the noise. Just wanted to give you props. no link back- this is a random post. Renko is very nice in all time frames IMO, but the 15 min has something special. Gracias. Something lowtrade board might enjoy as well. Renko can be set for average true range moves. This means only strong moves are counted, noise is filtered. Double bottoms, tops, triangles, breakouts and breakdowns are clealy seen in a renko chart. Here's a link and a chart I made a move on today.
http://stockcharts.com/school/doku.php?st=renko&id=chart_school:chart_analysis:renko
My purchase was FCG though ,which is influenced by oil as much as Nat Gas. But this chart is epitome of 15 renko IMO.

If you throw up an FCG chart it looks like an inverted head and shoulders.

Renko also goes well with Elliot wave Analysis, which whether you know it or not, you are using. If you say you're not, you're only in denial, I'll show you how you are. Everyone should do some research on Elliot Wave Theory IMO.
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:introduction_to_elliott_wave_theory
Cool thing about combining renko with elliot wave is that you have concise targets, buys, sells, and stops. Coincidentally Lowtrade's system is very visible using these styles IMO. Something to look into if you all are interested. I just wanted to thank BOS for a small post he made that led me to these realizations, and maybe lead some of LT's students to some info that can shed light on the system. GL