Simple's Green Room

[sdcaalan]

The Renko looks really interesting SG. I wanted to show you and example of what I was talking about trading away from the open of the day looking for levels. The thick white line is the open of the day. The light shaded area is the inside range. 38.2 and 61.8 The edge of the dark shaded are 23.6 and 76.4. Its similar to what you were showing us a few years ago when you were stacking the fib boxes and had them marked trade zones. Although I didn't understand it at the time. Its a great set up, seems to work with institutional algos. The YL and YH are yesterdays high and low. The RH and RL are range high and low which are measured moves based off of the open of the day. The thick dotted lines are previous week high and low and open of the week. Then the dotted HT and LT lines are fib extensions 127.2, 141.4 and 161.8 This is a clasic example NU 30 min. Price rode guppies to yesterdays high pulled back, then to the RH pulled back and then to fib extension 141.4 and hit is daily ADR about 98 pips today. 5 day ADR showing 92 pips. This happens often.

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