Replies to post #54118 on SPDR S&P 500 (SPY)

[Footquarters]

re board rules





tired of stupid, so posted the board rules. Hopefully they can read, but being stupid, they probably will want to re-define stupid, like all good liberals..... LOL

[be]

Video clip explanations on how to trade with RENKO charts .
http://breakpointtrades.com/CamtasiaFiles/Renkosystem/Renkosystem.html

[learningboutinv]

Gleno, this is a daily renko chart. Notice last July and the 3 boxes down/then a trend reversal. We are there right now, but this time the drop happened to be in June instead of July. I guess we will see. I am using the ATR. I spent all last night reading about Renko. The ATR (Average True Range) is great so you don't have to calculate the price range/points yourself since it varies greatly from say a $500 Goog stock to maybe a $5 Small Cap.

[learningboutinv]

Gleno, this is a daily renko chart. Notice last July and the 3 boxes down/then a trend reversal. We are there right now, but this time the drop happened to be in June instead of July. I guess we will see. I am using the ATR. I spent all last night reading about Renko. The ATR (Average True Range) is great so you don't have to calculate the price range/points yourself since it varies greatly from say a $500 Goog stock to maybe a $5 Small Cap. For us to get a trend change we need to go up past 1920 on the nasdaq in order to create a new white brick up from the recent downtrend red brick.