RENKO CHARTS

[leftyg]

Sammy...the volatility seems to produce whipsaws more frequently than "it used to"..how's that for an equivocal statement?? lol.

A reasonable indication of a reversal might be a price move of 6% or so...well, heck..the price might be up 5% on Monday..down 4% on Tuesday..down another 3% on Wed..up 3% on Thurs...................very little net movement, but if the box size is small, the user could get whipped. The weekly chart averages all that out, and still gives good returns..MVV has a return of about 70% over the past year using the weekly renko.

I sometimes take money on and off the table based on the daily..but am moving more towards wanting to see a reversal on the weekly to reduce whips. The renko provides a good counterpoint in risk to a sub system that is good in it's own right.