Replies to post #1932 on Chelsea Oil and Gas Ltd. (fka COGLF)

[investorpaul]

You've got that right! This is the NYAD Renko chart. You can also change Renko to Heikinashi candles. I found out that it provides a great way to range trade. It literally goes from over bought to oversold every 2-3 days. If you notice we closed at over bought on the 30 min chart. I bought puts at end of day as I don't expect SPY to gap up tmro.

http://stockcharts.com/h-sc/ui?s=%24NYAD&p=30&b=2&g=0&id=p26779844851&listNum=1&a=430621901