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  #18 (permalink)

Elite Member
desert CA
Trading Experience: Intermediate
Platform: NT7, TOS, IB
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I think in general he means with Renko it's very hard to see price action of individual candlesticks. Other versions of Renko may have spikes and tails and varying gaps. But it's completely different looking bar price action than say minute or tick charts.

When I was in CJ Booth's room he would emphasize price action, but I think it was more in the terms of overall swing price action i.e. like counting and examining the swings and legs of price movement and "higher highs and lower lows", which I agree is still a valid form of price action, but his method did not incorporate really any of Brook's ideas nor the candlestick "bar by bar" formations except maybe the spinning top or similar doji as a possible entry signal.

Last edited by Cloudy; April 5th, 2013 at 12:07 AM.
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