RENKO CHARTS

[leftyg]

well..dang! renkoron and paulkar! I'm glad you're here. I have noticed that most are day traders here..and that's great..it's just not my thing, since I don't want to hang out on a computer all day.

I will read ron's posts he cited later this evening. I find the renko charts so much more flexible than plotting the P&F boxes by hand (me too, Paul)..that I think there are some interesting things to try.

I have concentrated mostly on daily charts..but find the weekly charts might be good used as a confirmation. My backtesting has found a reduction in whipsaws, and little if any loss in return with the weeklys. A lot more looking needs to be done to confirm that.

Anyway..best regards to the two of you..and anyone else interested. As I posted once on another board that are mostly guys using 1 min and 5 min time frames (excuse me, but I have to smile to myself).....the Renko charts, if followed, do two important things in successful trading.

1. The losses are limited.

2. The profitable trends are allowed to run.

Regards