Hello DChappy,
My trading platform doesn't support Renko bars, which setup would you use with standard candlesticks?
Something like 5 min., 30 SMA?
Cheers
Francisco
Simple as 1-2-3
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frang0nve wrote:Hello DChappy,
My trading platform doesn't support Renko bars, which setup would you use with standard candlesticks?
Something like 5 min., 30 SMA?
Cheers
Francisco
Hi Francisco , good to see you again .....
1-2-3's are on every time frame ...but 5 min is about the same as 5 renko ..
and some days 5 min gives better entries .....
Good luck to you....
OK .....
This is probably my last post for a while ...I was right , it really did help get my trading back on track ..
Hopefully you can add this little method to your own tool kit and make some more pips ..
It is so simple ,that I think it gets overlooked by more complex methods ..
Please feel free to continue the thread ,if there is interest ...and PM me at any time ...
Trade Well...........................Chappy
This is probably my last post for a while ...I was right , it really did help get my trading back on track ..
Hopefully you can add this little method to your own tool kit and make some more pips ..
It is so simple ,that I think it gets overlooked by more complex methods ..
Please feel free to continue the thread ,if there is interest ...and PM me at any time ...
Trade Well...........................Chappy
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- TheRumpledOne
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TRO_123 plots the latest 1-2-3 top and bottom candle pattern.
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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- noushina
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TRO, thank you! I was going to go look for a 123 indicator and hadnt got around to it yet.
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Thanks dchappy for the thread. By the way, stick a Heikin Ashi on your renko chart, and turn the chart to line. Very interesting.
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Edited to add pic
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Thanks dchappy for the thread. By the way, stick a Heikin Ashi on your renko chart, and turn the chart to line. Very interesting.
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Edited to add pic
Last edited by noushina on Sun Feb 13, 2011 9:04 pm, edited 1 time in total.
- noushina
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Some observations.
M candles rather help to give a perspective of actual time
Line charts seem just as useful as the bars, perhaps more so for 1-2-3 purposes
Higher time frame feeder produces similar results and allows one to look back further for SR levels. Whereas the one minute feeder may not allow one to go back more than a few days,
M candles rather help to give a perspective of actual time
Line charts seem just as useful as the bars, perhaps more so for 1-2-3 purposes
Higher time frame feeder produces similar results and allows one to look back further for SR levels. Whereas the one minute feeder may not allow one to go back more than a few days,
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