I should have followed up on this pair trade but felt it might be too risky due to the election results.
Having been out of the trade since my last post, I decided to reenter on the 11th of nov. at the closed based on the break of the 1.75 level as seen on the renko chart. I shorted 100 shares of ROCK and purchased 167 shares of X. On the 6th of Dec. at the close, I covered the short on the 100 shares of ROCK for a $270 loss and sold the 167 shares of X for an 1865 gain. I took this action because the ratio was approaching the green trendline on the renko chart. Since that time the trade has become more profitable, but that's trading. I'm not an expert at this so I hope the renko gets published with this post.
Having been out of the trade since my last post, I decided to reenter on the 11th of nov. at the closed based on the break of the 1.75 level as seen on the renko chart. I shorted 100 shares of ROCK and purchased 167 shares of X. On the 6th of Dec. at the close, I covered the short on the 100 shares of ROCK for a $270 loss and sold the 167 shares of X for an 1865 gain. I took this action because the ratio was approaching the green trendline on the renko chart. Since that time the trade has become more profitable, but that's trading. I'm not an expert at this so I hope the renko gets published with this post.