Simple as 1-2-3

forex live trades, setups, charts

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dchappy
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Postby dchappy » Wed Feb 09, 2011 4:03 pm

lazygeorge wrote:hey dchappy

Great thread,i really like simple stuff coz it works :P

Just a few questions regarding what inputs you use for renko??

Also the period of MA you have on your chart?

keep up the good work and it will,like you said,help some of us on
our journey :)


Renko is 5 , ma is simple 30 ....

but remember the ma is just a filter ...the trigger is the break of the #2 ..

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dchappy
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Postby dchappy » Wed Feb 09, 2011 4:14 pm

noushina wrote:"Yes, but isn't a 1-2-3 , a retest and break out of the #2 ?"

Yes, but with the 3 being a higher low if going long (as shown in your examples directly above) -- whereas your livermore trade has 3 = 1.


Also, I edited that previous post of mine slightly.


Ya..I was thinking short @ his pivot ...hehe..we are on the same page :D

lazygeorge
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Postby lazygeorge » Wed Feb 09, 2011 4:26 pm

dchappy wrote:
lazygeorge wrote:hey dchappy

Great thread,i really like simple stuff coz it works :P

Just a few questions regarding what inputs you use for renko??

Also the period of MA you have on your chart?

keep up the good work and it will,like you said,help some of us on
our journey :)


Renko is 5 , ma is simple 30 ....

but remember the ma is just a filter ...the trigger is the break of the #2 ..





Thanks dchappy..appreciated

:D

dchappy
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Postby dchappy » Wed Feb 09, 2011 11:46 pm

It would have been a good day to hold a runner ..huh?
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noushina
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Postby noushina » Thu Feb 10, 2011 2:03 am

That is sure looking simple and profitable. Got to try it tomorrow.

Not that it makes any diff, but you could put Barry's Support and Resistance on your chart instead of the fractals. Its the same thing, except it draws a small dotted line.

Edit:
in fact I remember someone posting the "Renko Ashi" once, and saw someone in the Dreddings thread at FF do this:
Image
Might be that can get earlier entry using the HA, 10Stochastic along with renko.

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Postby dchappy » Thu Feb 10, 2011 9:06 am

Nice chart . noushina .......
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Postby dchappy » Thu Feb 10, 2011 3:12 pm

do you see how the ma kept you out of longs ?
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Postby dchappy » Thu Feb 10, 2011 10:57 pm

hmmm.. this looks like a valid set-up ,,but it may take a while to get there ..

have to keep an eye on it ..sl is also quite large ...hmmm
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Postby dchappy » Fri Feb 11, 2011 1:50 am

when price made a lower high after asia open ..

it formed a short opportunity ..instead of the long ( that was somewhat questionable , antway , that's my story & I'm stickin to it ..hehe )
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Humble
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Postby Humble » Fri Feb 11, 2011 2:07 am

Short on passing a lower low and long breaking a higher high.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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