Wed..so far the MID has averted making a red brick, even intraday..although it came close. Intraday moves should be watched, but only the closing price of the day means a lot..imo.
If we close up for the day..and with the trend still showing positive..I am going to hold some of the account long. I trade part of my account following the renkos..and although it sounds trite, it's in reality, profound: "the renko trend remains a trend, until it's not"......meaning, until there is a close with a reversal brick, the present trend is intact. Using other indicators can help, but be aware that they are simply lagging the price. regards.
