RENKO CHARTS

[simplegreen]

Yep thats totally true..Renko is PURELY price based...other charting is time based..thats why scan dates are approximations...but this scan has it pretty darn close.IMO trading Renko on the 60 minute or even 15 minute is fine BUT we must first grasp the long term TREND on the daily.One could easily get stuck in a losing position if the intraday trend is not tracking with the long term reversal.Hope that makes sense..I trade FOREX as you know..and scalping those short terms is fine..just close that position for profit if its contrary to the long term trend.