Hi Folks.

I hope everyone had a relaxing weekend.  I spent most of my time laying around doing nothing. It's good to have a couple of days like that once in a while.

But the markets open in about a half hour from now, so it's time to get back on the clock.

I got a few emails from people with questions about BuySellTrend, the new trading product I recommended on Friday.  If you missed that email, I did a fairly extensive review video on the product which you can find here: https://youtu.be/602O0zdn3uI

In short, I found if you add this product to a 10 pip Renko Box chart, you caught an amazing number of 20-50 pip runs against very few 20-30 pip losses (assuming you bailed once an opposite direction signal developed).

This product also gives re-entry signals which you could treat like AutoScaler and throw in additional trades on these signals and really end up making some serious pips in the process.

The main question (or the main theme running through the questions) was this:  Does this indicator work as well on time base charts as it does on Renko?

Overall I would have to say no, that the 10 pip box Renko chart seems to me to have the best record of wins versus losses, and also gave you the best shot at banking more than 20 pips on the winning trades.  The smaller Renko box sizes did not perform well at all, so those should probably be avoided unless you want to play around with the settings and see if you can find a sweet spot for some fast scalping trades. 

To satisfy my own curiosity, I ran the BuySellTrend indicator on both the 1H and 4H charts, and the 4H chart seemed to perform the best of all the time based charts.  So if you absolutely refuse to use Renko, you could use the 4H charts and gain the added advantage of only needing to check the charts a few times each day.

If you think you might be interested,make sure you check out the video linked above.  You can read more about the BuySellTrend indicator here: http://f3c49mx325sfje6y6vy7n7unws.hop.clickbank.net/

Good luck out there this week, and I'll be back to chat again soon.

Jeff