News Focus
News Focus
Replies to #205 on RENKO CHARTS
icon url

Soapy Bubbles

06/17/08 10:14 PM

#206 RE: charger #205

Yes, the larger the timeframe, the later you enter the swing and the earlier you leave it. (Basically a swing trade.) As for DRYS, I prefer the 60 since I can watch the L2 for any oddities that may pop up.
icon url

PremierStocks

06/18/08 6:54 AM

#233 RE: charger #205

BINGO!!!!!!!!!

It seems to me on the RENKO, I will be using the dailys for a guide of overall trend, support/resistance points.

The 60minute, then the 10/5/1 for exact entry and exits.

It does seem that without the ability to scan using the RENKO information, that I will be using my standard scans, see if they looks promising, then convert the ones I like to the Renko format and see how it looks from there.

Similiar to what I have been doing, but I agree that by the time the Renko daily looks good, there is very much a chance of missing early gains, although if the daily Renko looks good, its a much SAFER entry.