Replies to post #54078 on SPDR S&P 500 (SPY)

[Fox13]

Leftyg, thank you for a very nice and informative post. I am not familiar with Renko charts, but I will try to understand a few things over the weekend. I might bother you with a question or two on Monday.

[Tictac]

leftyg

Thank you for sharing. I am preferring your type of strategy more and more....less trading, less stress, more profits.

[GLENO34]

left...How do you set the 2 box reversal..I do not see any such choice on the indicators avail??? Of course I'm pretty dense when it comes to stuff like that anyway..Or do you mean you wait until there are two white boxes before you switch sides?? In that case, you could miss a big move waiting for the second day?? Yes..No???

[be]

Leftyg . Thanks for your nice post , I am going to read and learn by heart ... will remember every word by monday ( Have I said that your words worth a ton of gold ? ).
(LOL .the nagging question is ..I am an old dog ,will I be able to learn a new trick ?).

I have watched the Renko video training several times this morning and i like it very much ( The TREND is your friend until it bends ). I will not let the the old dog mentality prevents me from learning a new trick .

Again thanks .

Renko explanations :

http://breakpointtrades.com/CamtasiaFiles/Renkosystem/Renkosystem.html







Thanks, 359

Stay alert ! get out if wrong

Some days you've got it & some days you don't. Recognize the "Don't got it Days" & stay out. (omadan)

It is better to take a small loss than to wait for it to become a profitable trade. (Dr. Farooq)