SPDR S&P 500 (SPY): Fresh look at renko charts, anyone? I...

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Friday, 10/03/2008 4:57:57 PM

Friday, October 03, 2008 4:57:57 PM

Fresh look at renko charts, anyone?

I have been hurt pretty badly on both sides trying to trade this market with about half of my money. Ouch!

I quit posting about the efficacy of renko charts because most here were into guessing about what the next 15 minutes would bring.....not a critique...many are quite good at it..I'm not.

OTOH..I'm grateful that I have followed the renko charts on part of my money. It has helped offset the losses of the former method..and although I'm down..I'm less down than I would have been.

You are great guys, but spare me the comments about renko "giving back too much on trend changes"...being "too little action"..etc.

Yep..it's like watching paint dry or grass grow..but it does keep you in major trends, and makes money.

I don't need the excitement of gambling...but I do like to make money. Have a look.......

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