Simple as 1-2-3

[BambinoFlex]

Let's continue this thread. I'll be using a demo account for now, until I can do the 1-2-3 pattern without flinching. Shouldn't be too hard but we will see.

I'll be trading the GBPUSD. Looking for 1-2-3's based on a five pip Renko Block and on the default settings on MACD.

First off, thank you to all the Kreslik contributors, TRO, Dchappy, Mopar, LeMercenaire, Dojirock, and others that I probably don't remember. Also, special thanks to kark for introducing me to this thread. Let's get.

Finally, in regards to position sizing, I use what is called a labouchere system. Look it up on google and see if it floats your boat. Only difference is that I have a max position size based on balance and all my positions are the same i.e. 1,1,1,1 not the traditional 1,2,3,4 or other variants.

As of now, I'll be using micro lots, but as the trading progresses, you'll start seeing the labouchere in action.

[alexia30]

This method actually works.

[BambinoFlex]

Yesterday's sell worked out. Looking for a new one.

[BambinoFlex]

This method actually works.

It does Alexia, good luck on your trading!

[BambinoFlex]

Divergence on the Renko Chart. My impulses say sell but it's best to let the MACD cross. This is where a moving average can help.

[BambinoFlex]

Took profit at 10 pips. Got lucky. Wasn't awake to see the sells. Going to delete this pending order and start looking for sells.

[BambinoFlex]

Most difficult thing about trading any strategy...consistency

[dchappy]

Hi all, hope everyone is profiting from the wild turns in the markets ..I can't remember any time like this ...

[dchappy]

Patterns and Break Outs of Patterns.........Don't let the run-a-way Vix. Scare you ..When others are panicked opportunities abound .Lower risk if you must but don't miss these awesome trading days ....

[dchappy]

Yep..