another bounce off of that $68 area of support. I think it will eventually break and go lower, if not today then maybe next week.
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DislikedHello everybody and Hutch! I also trade WTI and see its potential, but never use renko, no patient to set up correctly. Anyway, I scalp in direction of daily trend (which is not easy for me). How are you able to find the main trend to follow it? Apreciate your work here!Ignored
Dislikedanother bounce off of that $68 area of support. I think it will eventually break and go lower, if not today then maybe next week.Ignored
DislikedWe've seen this before. That $65 handle is some strong support for crude futures: {image}Ignored
Disliked{quote} Here is my strategy and you will see that it's easy to set up a Renko chart. Some traders like to follow daily trends and some traders, like me, like to follow small trends since you might be able to squeeze a profit that is twice the ATR for the day concerned when there are lots of up/down moves. {file}Ignored
Dislikedwti back at past support now resistance area $68. will it break through and keep going up or will the rally end and down move resume??Ignored
Disliked{quote} Nice chart. Here are additional evidences which indicate $65 could break - Death cross, where lower time frame MA is below its higher time frame MA - MACD not oversold yet. - $65 is the line in the defense below which we could see an ugly day. Perhaps its waiting for Wednesday? - Below $65, first support is at $61.45 {image}Ignored
DislikedHello, Does anyone have, or know where I can find the "half trend TT" indicator Hutch uses, but for Ninjatrader8? Also Hutch, really great stuff, thank you for your work. Quick question. I am not familiar with MT4 anymore as I haven't used it in years, but the timeframes on your charts, are they actually relevant given the fact you have added renko bars to MT4 for your system? If not, if I can find the half trend TT, I don't see any reason the system can't be used on NT8 with renkos? Thank YouIgnored