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.

In the pictures 123 with Renko Chart forex system in action.

submit by joy22


For 123 To see:http://www.forexstrategiesresources.com/patterns-forex-strategies/12-123-strategy/

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Comments: 2
  • #1

    Shea (Saturday, 17 August 2013 15:13)

    How to get Renko charts to not repaint. All of these repaint in real time

  • #2

    Forextradingstrategiesresources (Tuesday, 20 August 2013 19:43)

    Renko charts are "time independent" charts that do not have constantly spaced time axes. If Box size is 4 pips the variation is |4+|4|-|= 12 pips= three box that can appear or disappear until the breakout box size.

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