7# 123 with Renko Chart Trading System
This Strategy applied the 1-2-3 pattern trading metho at renko chart.
Remember that 1-2-3 is:
It’s a bottom (or top), a correction, a retest that does not go beyond the original bottom, and then a rebound beyond the correction. Phew…. That was a mouthful. But it is VERY simple when you look at the chart.
Point 1: This is the bottom.
Point 2: This is the correction
Point 3: This is the retest the DOES NOT GO BEYOND point 1. If it does then all
bets are off. The pattern does not exist. Scratch it off and move on.
In the picutere of the nasdaq we have the great entry with pattern 1-2-3.
The 1-2-3 pattern trading method is very good with the Renko Chart.
submit by joy22
Renko Forex Strategies