SPDR S&P 500 (SPY)

[leftyg]

Hi Ron.....it's amazing how most people scheme in various ways to make trading as difficult as possible.

I don't know what it is that makes so many reject the concept of simply going with the renko trend..white boxes long..red boxes short....ah well..

I'm sure when they look back to the unbroken trend downward since early Sept, they wish they had been there short since then..my account devoted to renko is up nearly 60% since early Sept..and I didn't capture it all. I don't know why others weren't..at least with a portion of their accounts..but most weren't. Of course, I will give back about 4% when the trend reverses..but if it happens tomorrow, I will still be up 54% in that account. I lost in another account though, that is a subscription.....I may devote more to renko for awhile, because I think the conditions today will overwhelm conventional TA for awhile.

In the meantime, Ron..there is endless discussion about a trend reversal..when?..how?..where? I suspect the first ones to know when a trend has reversed will be renko followers..lol.