DayTrading QQQ Swings (QQQ)

[Tictac]

BE

There is a new Renko board and you can read about thm here:http://investorshub.advfn.com/boards/board.aspx?board_id=12855

or at Stockcharts.

The Renko board is using many indicators to jump on at the beginning of a trend on various time frames. Many are penny stocks which does not interest me, nor does using a lot of indicators. I don't see why just using simple moving averages and changing the point value to a set average true range wouldn't work well on any timeframe. Here are the charts you asked for. The 5 min said to go short about 3:30 yesterday and the 15 min still had you in long EOD. But I think it is best if you are going to use these intraday to only trade with the trend which we know on the Daily Renko is down. So looking back the conservative play yesterday would have been to step aside until the 5 min confirmed the overall down trend @ 3:30 and then jump on and stay on until the MAs cross, then go back to cash....which may be happening now. I hope this makes sense.