Discussion about Renko : (from Varun's thread)

[doss186]

Crude II is showing weakness and at the moment in second wave of major correction wave. We may expect a low much below 4481 as the trend change has to in odd number of waves.

 

[doss186]

Yep the first target hit @4477

 

[doss186]

As per my technical analysis, We may expect INDIACEM as bullish for tomorrow trade. Though its low priced but highly profitable.

 

[doss186]

BankNifty shows short term bearish trend, may we expect a gap down opening?

 

[doss186]

Right now I'm trading Nickel and the professional money has entered. Went long @937 as that was the breakout of NR7.

 

[doss186]

Though BN lost around 300 points in last Friday, I don't see any weakness in BN. My target for next trend shift is 27182. Let's watch!

 

[doss186]

In my earlier trading I've been fiddling with the mighty renko, then shifted to OBV. Now I've discarded obv and my trading method is simply the wave principle. As of this method Arvind-I is showing a fresh short signal @408.65. I'll play with put option with limited risk

 

[sikandar]

In my earlier trading I've been fiddling with the mighty renko, then shifted to OBV. Now I've discarded obv and my trading method is simply the wave principle. As of this method Arvind-I is showing a fresh short signal @408.65. I'll play with put option with limited risk

hi bro
Nice analisys. btw how to define complition of that wave?,to enter a trade! can you elaborate on this

 

[doss186]

Bro if you want to succeed in wave theory you must be able to turn zig into live price movement. Only then you can have hold on price movement. Zig is a real friend if you use it in the right way!

 

[doss186]

See how I'm turning the zig into live price movement of CL.