YM inverse Head & Shoulder buyyyyyyyyyy

Discussion in 'Index Futures' started by Rickshaw Man, Jun 28, 2021.

  1. Overnight

    Overnight

    Here's a 10,5 unirenko on YM for June 27-28 as requested. Time stamps at bottom are US EDT.

    ymforeasymon.JPG

    Analyze it man. Draw your lines in hindsight.

    P.S. You mean Sep contract, not June.
     
    #21     Jun 30, 2021
  2. easymon1

    easymon1

    "Overnight, por favor post an image YM Renko for June 28-29."

    Just trying to learn, my man.

    How are Renko Charts useful in YOUR hands.

    You use them for a reason for sure.
    Show us why?
     
    #22     Jun 30, 2021
  3. Overnight

    Overnight

    It is what I started with, and worked with the indicator package and mentorship I purchased back in 2014 when I started this journey. I have stuck with it ever since.

    I can change the candle type in NT back to OHLC and the like and be normal like everyone else, sure. But that will just confuse me. My brain has been burned-in staring at these things for all that time. No need to muck up the works now, heh.
     
    #23     Jun 30, 2021
  4. easymon1

    easymon1

    What is your method?
    What triggers a buy or a sell to open?
     
    #24     Jun 30, 2021
  5. Overnight

    Overnight

    I no longer have a method. I got scarred from the chart violence of Trump's Twitter tantrums on the China trade war, and last spring's moves through the extremes when the pandemic triggered breakers. Now I look for a dip, buy and just hold to my target, no matter the drawdown.

    Buy, hold, and roll if necessary.
     
    #25     Jun 30, 2021
  6. easymon1

    easymon1

    Thanks for the chart.

    No method?
    Buy and Hope is not a method?

    Do you know of any Renko gurus?
     
    #26     Jun 30, 2021
  7. Overnight

    Overnight

    Sorry, I meant to type Jun 28-29, Look at the time stamps on bottom of chart.
     
    #27     Jun 30, 2021
    easymon1 likes this.
  8. Overnight

    Overnight

    Buy and hold has been a method for what, 12 years now? Why should it not continue?

    And the only Renko "guru" I knew was my mentor who retired at end of 2017, right before SHTF with Powell and Trump's trade war BS.
     
    #28     Jun 30, 2021
  9. tiddlywinks

    tiddlywinks


    Looks to me like the Trump years were pretty darn good... for traders!! :D


    [​IMG]
     
    #29     Jun 30, 2021
  10. Overnight

    Overnight

    Yeah yeah, I get it. 2014-2017 is where I learned my "craft". Then 2018 hit and I got blindsided. "Thunderstruck", if you will. And the song encapsulates it well.

    The very beginning of the song is 2017. Once they start breaking bow strings, It's Powell and Trump at the helm. Vol ensues.

     
    #30     Jun 30, 2021