Dear team!
Another trick I'm sharing ... Renko charts. For those that don't know renko plots bars differently to candles. Each bar represents like a fixed price drop, say $100. If you drop by $400, then it plots 4 red bars (4 x $100), and if it increases by $500 it plots 5 green bars (5 x $100). This supposedly takes out all the noise in the system (or at least most of it), especially noise from fake news, FUD and FOMO. If a candle wicks up and down, it ignores all that ... it only cares about since yesterday's close did it drop or rise in increments of a certain amount (like $100).
Here I've plotted Renko on daily (a good time frame and available for free on TV), and I select "Traditional Box Size Assignment" and use a box size of $100.
The method I've used basically is based on the following:
- if there are 3 green blocks in a row ...you go long on the 4th green box (so after the 3rd, but before the 4th closes ... and the 4th needs to be green while you buy).
- if there are 3 red blocks in a row ... you go short on the 4th red box (again after the 3rd red, but during the 4th red before it closes).
I've gone back and showed how accurate the calls would have been if this method was employed since January 2018. The green L's are where a long call would have been made and the red S's are where short calls would have been made. The green zones I drawn are where profit is made. The red boxes I've shown are where a loss is made (the method failed). I'm sure you can see it's obvious, the technique works in a startling fashion! Way more green than red!
This is not theory ... I've applied it to REAL historical data and if I was simply to follow the two rules above in a strict fashion!
Remember only a fool relies on one potential outcome.
Do not make financial decisions with this info. For educational purposes only.
If you wish to make a donation, based on profit you made on my ideas ... it would be greatly appreciated.
BTC address 14i2Xit5pH7Sz5TMegDn8vDT6VcoN85f42
ETH address
0x8a62eE1B2628297EA51aD08dadFFCed3F73e6eed
LTC address
LXoyzmL85HvED1LyHkJtGygUPbBUZd
Another trick I'm sharing ... Renko charts. For those that don't know renko plots bars differently to candles. Each bar represents like a fixed price drop, say $100. If you drop by $400, then it plots 4 red bars (4 x $100), and if it increases by $500 it plots 5 green bars (5 x $100). This supposedly takes out all the noise in the system (or at least most of it), especially noise from fake news, FUD and FOMO. If a candle wicks up and down, it ignores all that ... it only cares about since yesterday's close did it drop or rise in increments of a certain amount (like $100).
Here I've plotted Renko on daily (a good time frame and available for free on TV), and I select "Traditional Box Size Assignment" and use a box size of $100.
The method I've used basically is based on the following:
- if there are 3 green blocks in a row ...you go long on the 4th green box (so after the 3rd, but before the 4th closes ... and the 4th needs to be green while you buy).
- if there are 3 red blocks in a row ... you go short on the 4th red box (again after the 3rd red, but during the 4th red before it closes).
I've gone back and showed how accurate the calls would have been if this method was employed since January 2018. The green L's are where a long call would have been made and the red S's are where short calls would have been made. The green zones I drawn are where profit is made. The red boxes I've shown are where a loss is made (the method failed). I'm sure you can see it's obvious, the technique works in a startling fashion! Way more green than red!
This is not theory ... I've applied it to REAL historical data and if I was simply to follow the two rules above in a strict fashion!
Remember only a fool relies on one potential outcome.
Do not make financial decisions with this info. For educational purposes only.
If you wish to make a donation, based on profit you made on my ideas ... it would be greatly appreciated.
BTC address 14i2Xit5pH7Sz5TMegDn8vDT6VcoN85f42
ETH address
0x8a62eE1B2628297EA51aD08dadFFCed3F73e6eed
LTC address
LXoyzmL85HvED1LyHkJtGygUPbBUZd