Simple as 1-2-3

[makzer]

hii buddy

it's 15pip renko, major swings are yellow squares ...

red/green for counting 1-2-3's or exiting & re-entry

it's 3 level semafor indicator

Hope you're clear

[dchappy]

[nicoacademia]

indeed an awesome day on the euro. i was too caught up in mental fog of looking for shorts.

[prochargedmopar]

8)

I like the "cleaned up" macd.
Nice touch.

[makzer]

What's renko size you using Dchappy???

& could you post your template too?

[nicoacademia]

I believe DC still uses 5 renko with standard macd. That red line should be the signal line if i am not wrong.

[makzer]

I just wanted to know what renko size he's using &

also what trailing value he uses for optimum exits ...

Awaiting your reply DC

[dchappy]

Hi Makzer .. I use anything from 2 --10 renko depending on how fast/slow the market is moving .

For exits ,I usually use a trend line break or whenever price stalls .

But don't get trapped into looking for a "perfect " time-frame ..

Experiment to find the right "speed" of chart for you ..
the 123 pattern is on ALL timeframes and markets ....Good Trades to You Sir...........

[makzer]

Heyy buddy .

Thanks for your reply sir,

i'll be glad if you could guide us on using trendlines with renko charts .. hehe

take your time , you free this weekend for little guidance using trendines on renko trading? ( entry & exits)

Looking forward from you buddy

[dchappy]

see chart above ...nothing more , nothing less