Discussion about Renko : (from Varun's thread)

[varunkochhar]

Dost Bhai yeh Jesse Livemore ko kahan se zinda kar ke laaye ho.

 

[doss186]

VKJi these are the states of price movements, as described by Jessie Livermore. He defined the market into 6 stages. But I reduced them into 4 stages as there are only four actions in the market. ie Buy, Sell, Short, Cover.

 

[vivek.civil17]

brick sixe 0.5 or 1 ??? reverse ???

 

[doss186]

brick sixe 0.5 or 1 ??? reverse ???

You can keep brick size 1 but keep reversals as high as 10

 

[vivek.civil17]

doss
who is your data vendor ?? anyother vendor other than GDFL providing for MCX??

 

[doss186]

Bhai if you look my chart you can easily find out my data provider. And I'm surprised if you are getting your data from some xxxx your results will be better.

 

[doss186]

doss
who is your data vendor ?? anyother vendor other than GDFL providing for MCX??

Drop the idea of data vendors and dig into what's happening in price action.

 

[doss186]

doss
who is your data vendor ?? anyother vendor other than GDFL providing for MCX??

And you have some nerve to call me doss

 

[doss186]

A simple renko exploration with high volume breakouts

 

[sikandar]

A simple renko exploration with high volume breakouts

you are rocking