Friday, 15 June 2012

Renkos are Fixed

MultiCharts have fixed the Renko bars in the Release candidate of V8. It's pretty awesome software now and a long way from when it first started and I bought in. Whether you are a discretionary trader or an auto trader, it can't be beat. Lots of data choices and brokers. You can get a 30 day free trial. Go to the link at the page tab of the blog to buy, as it supports the blog.


Today's DAX was just up. I traded the pullbacks near the 33EMA. Can't be much easier than this.


Either some big hands know something I don't about the Greek elections or there are people who have no fear. If I were Greek I would vote to push back on austerity and play chicken with the Germans. If that happens, I don't know whether it's bullish or bearish for the stock markets. I think it makes uncertainty for the Euro. In any case, as day traders we will be flat. My swing options trades will stay on, but with greatly reduced size.


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2 comments:

  1. Severino15 June 2012 at 16:22

    Hello Boss,

    Renko's are a different animal then Range. Any chance you could do a post on how you initiate a trade. (Plan)

    Thanks,
    Rino

    ReplyDelete
    Replies
    1. Electronic Local15 June 2012 at 16:57

      Hi Rino, sure. Have a look at Monday. I keep it really simple so I don't confuse myself.

      Delete

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