Simple as 1-2-3

dchappy · Post by **dchappy** » Fri Oct 14, 2011 1:33 am

pp2 wrote:Nice volatility this week!

Today's trades ---

I leave the questions about stops and targets to your imagination

pp2 : Would like to see how you did this week , (especially mon & wed )

crazy moves ... :shock:

oldmangeezer · Post by **oldmangeezer** » Fri Oct 14, 2011 2:54 am

dc happy thanks for sharing your trading methodology using renkos.

Could you explain how you plot the 1 - 2 - 3 on your charts?

I might be wrong but are you looking to trade from the #2 pullback?

dchappy · Post by **dchappy** » Fri Oct 14, 2011 7:48 am

oldmangeezer wrote:dc happy thanks for sharing your trading methodology using renkos.

Could you explain how you plot the 1 - 2 - 3 on your charts?

I might be wrong but are you looking to trade from the #2 pullback?

Yes Sir :

I try to enter at the break of the #2 ,

Then re-enter at any hooks ( pullbacks ) which follow .......

pp2 · Post by **pp2** » Fri Oct 14, 2011 11:28 am

Hi DC, I have family matters on board so in truth I haven't been trading that much this week.

... but I'm still having fun taking 10 - 30 pippers here, there and everywhere

I post some charts later if I get some time.

HOW'S UR TRADING WEEK? ... I bet it's MASSIVE!

oldmangeezer · Post by **oldmangeezer** » Fri Oct 14, 2011 12:14 pm

DC,

The chart you posted in the previous post. Are these a modified Renko Bars?

How many indicators do you use on your chart?

Could you explain which ones?

I read all your posts from the very beginning.

pp2 · Post by **pp2** » Fri Oct 14, 2011 12:43 pm

That last EU I took for around 30. That was the last one for the day as I need to go out now. Have nice weekend everyone.

dchappy · Post by **dchappy** » Sat Oct 15, 2011 7:30 pm

oldmangeezer wrote:DC,

The chart you posted in the previous post. Are these a modified Renko Bars?

How many indicators do you use on your chart?

Could you explain which ones?

I read all your posts from the very beginning.

They are standard renko ,

I have tried several indy's to help confirm , but they are not necessary ..in

fact they are sometimes harmful , because it takes your eye off the 1-2-3's and hooks .

A simple MA or 2 is really all you need , just to help with direction .

If you can master the 123 & hook you will have all the pips you need .

Look at pp2's charts ..simple yet powerful ..he get's it !!

Look at my trades yesterday ..

Took a small 123 short ,. Then when point # 1 was broken , we knew there must be a direction change ..

Waited for # 2 (blue ) to form , and then # 3 (blue ).

Finally went long when #2 ( blue) was broken

The market will always move in 1-2-3's OR V-turns ..We can anticipate the

1-2-3 's and that is where we can catch pips

dchappy · Post by **dchappy** » Thu Oct 20, 2011 6:10 pm

This is about as simple as I can break it down ..

Standard MACD for direction ,,Take longs above zero line and shorts when below .

Don't be greedy , take a few at each hook ,,There will ALWAYS be another hook . :wink:

Taking some time off..Will be back in a few months ....

Trade Well..........

lazygeorge · Post by **lazygeorge** » Thu Oct 20, 2011 7:15 pm

Hey dchappy,

Im HOOKED

Be safe,Be well,Enjoy your time off.

pp2 · Post by **pp2** » Fri Oct 21, 2011 4:55 am

dchappy wrote:Taking some time off..Will be back in a few months ....Trade Well..........

dc, renko has done wonders for my trading. Thanks for showing me some of your setups. Take care sir and see you in a few!