Belkin wrote:Using the renkos to get a Rat Entry with momo.?
No, I use renko on the smaller time frame for entry --- 123.
And I do keep my eyes on momo and the 15 min charts too for confirmation.
Simple as 1-2-3
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been having good luck with this one
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Back home for a few days and did some scalping with the cci
5 renko chart , and 5 pip targets worked well..
It doesn't matter much what you use to determine direction , macd , cci , ma
they will all work ..
As long as you enter @ a hook you should catch some pips , but don't be
greedy .
There will ALWAYS be another hook .
Leaving again soon for the holidays ....
Wishing everyone a safe and happy holiday ...........
Chappy
5 renko chart , and 5 pip targets worked well..
It doesn't matter much what you use to determine direction , macd , cci , ma
they will all work ..
As long as you enter @ a hook you should catch some pips , but don't be
greedy .
There will ALWAYS be another hook .
Leaving again soon for the holidays ....
Wishing everyone a safe and happy holiday ...........
Chappy
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- cci123.gif (31.95 KiB) Viewed 4348 times
I've been preparing for the coming year by studying some candlestick methods ..
These charts are a mixture of James16, Austin Passamonte ,Tro's Rat , Joe Ross and the Z-line masters here .
All of whom have Decades of experience ..
I won't attempt to explain the different methods ( you can google them if interested )..
In the end we all trade s/r don't we ?
Have a safe and blessed new year .....
These charts are a mixture of James16, Austin Passamonte ,Tro's Rat , Joe Ross and the Z-line masters here .
All of whom have Decades of experience ..
I won't attempt to explain the different methods ( you can google them if interested )..
In the end we all trade s/r don't we ?
Have a safe and blessed new year .....
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What I try to do is catch breakouts of the opening range . ( the 1st 10 mins . of the london session )
A 1-2-3 setup or a pin bar is usually in place by then .
Try to hold for a fib extension ( 216,377.512 ,) or a visible level of s/r .
Well, that ends my year , didn't break any records , but paid the bills and left a little to spoil the grandkids ..lol....
See Ya next Year
A 1-2-3 setup or a pin bar is usually in place by then .
Try to hold for a fib extension ( 216,377.512 ,) or a visible level of s/r .
Well, that ends my year , didn't break any records , but paid the bills and left a little to spoil the grandkids ..lol....
See Ya next Year
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Re: Simple as 1-2-3
aliassmith wrote:dchappy wrote:My trading has become sloppy ..undisciplined..unproductive.
Looking back I've realized that my best trades happened while posting "live " here .
Perhaps being in the "fishbowl" gave greater focus .
.................So ..................................................
I'm going back to Boot Camp ...Back to Basics.
1 Pair , 1 chart .
The method is the simplest and possibly the oldest ,known to traders ( a "fore-runner of the RAT " ? )
I'll attempt to post live set-ups , followed by results , with profit or loss ..Full Disclosure..
When I do something stupid ..please feel free to smack me ...
This is boot camp ..and I didn't bring my EGO .....
HaHa 1-2-3 you did go back to school. It does work, actually a lot of entry
methods do "work". The exit is what makes you money.
Very true Alias ..And I have struggled with setting targets ..
This year ( via Austin Passamonte ) I have been using fib extensions ( 377,512,720 ) off the 1st ten min range of the London open .
I find they are very accurate , and help me to hold the trade longer .
Might be worth a look .....Thanks for your input .
