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Fxgreenhawk Routine - Trading for a Living

  • #121
  • Aug 29, 2017 12:15pm Aug 29, 2017 12:15pm
Quoting Dr.Admyck
{image}
Its not part of the routine . You are free to play with the strategy with your entry and exit points , or you can share what you feel is an improved version of this system , But please refrain from posting other systems and your personal strategies . You can definitely trade the way you are trading , taking a counter trend , there are lots of factors and variables you have to consider if you want to be successful in what you are persueing now . Trust me i started with that

There is what is called an information bias . The more you know the difficult it is to make a decision . Most forex traders fail because they study a lot of things and try all the indicators , which makes it very very difficult to arrive at a decision . The lesser you know the better . Thats why i like to make it super simple , the way i can explain my strategy with few simple rules . It makes it easier to make a decision and trade .
>>> BE INTENTIONAL
  • #122
  • Aug 29, 2017 8:56pm Aug 29, 2017 8:56pm
Quoting falkborn
{quote} Its not part of the routine . You are free to play with the strategy with your entry and exit points , or you can share what you feel is an improved version of this system , But please refrain from posting other systems and your personal strategies . You can definitely trade the way you are trading , taking a counter trend , there are lots of factors and variables you have to consider if you want to be successful in what you are persueing now . Trust me i started with that There is what is called an information bias . The more you...
Thank you for the clarification and for posting this trading method. I do get into "information" bias at times too. I also trade a method that is almost the same as your "Fxgreenhawk Routine", I originally based it on a single 4pip brick chart and various combinations of MAs and settled on 13/34/200. However, I soon found that trading off one Low pip chart is a bit too tunnel visioned and trade losses soon accumulated over wins. I moved to multiple pip charts (up to 4) to get higher level vision and I was eventually trading off 20/5pip or 12/3pip chart pairs. A few days ago, based on your "Fxgreenhawk Routine" ideas, I have now moved to just looking at 12/3pip chart pairs with 12/36EMA and 100/200EMA ribbons which is showing up good trades this week. I can post images but I use TradingView charting platform instead of MT4, is it OK to post my TradingView images?
  • #123
  • Aug 30, 2017 12:27am Aug 30, 2017 12:27am
Quoting JustUncleL
{quote} Thank you for the clarification and for posting this trading method. I do get into "information" bias at times too. I also trade a method that is almost the same as your "Fxgreenhawk Routine", I originally based it on a single 4pip brick chart and various combinations of MAs and settled on 13/34/200. However, I soon found that trading off one Low pip chart is a bit too tunnel visioned and trade losses soon accumulated over wins. I moved to multiple pip charts (up to 4) to get higher level vision and I was eventually trading off 20/5pip or...
We have got very good trades this week with the usd and euro pairs , i missed them . Sure you can post charts that uses this system or improved on it or applied from it .
>>> BE INTENTIONAL
  • #124
  • Aug 30, 2017 1:01am Aug 30, 2017 1:01am
Just see the amount of trades we missed of almost +200 pips .Anyone who have followed the system could have bagged these pips .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-08-28 21_36_56-1901416_ Tripleafx-FX-Demo - Demo Account - [EURJPY,M2 (offline)].jpg Size: 179 KB
Click to Enlarge Name: 2017-08-30 11_23_41-1901416_ Tripleafx-FX-Demo - Demo Account - [AUDNZD,M2 (offline)].jpg Size: 202 KB
Click to Enlarge Name: 2017-08-30 11_24_00-3059630_ HFMarketsSV-Live Server 3 - [AUDUSDb,M5].jpg Size: 189 KB
Click to Enlarge Name: 2017-08-30 11_24_08-3059630_ HFMarketsSV-Live Server 3 - [AUDUSDb,M5].jpg Size: 182 KB
Click to Enlarge Name: 2017-08-30 11_24_17-3059630_ HFMarketsSV-Live Server 3 - [AUDUSDb,M5].jpg Size: 182 KB
Click to Enlarge Name: 2017-08-30 11_24_31-1901416_ Tripleafx-FX-Demo - Demo Account - [GBPJPY,M2 (offline)].jpg Size: 204 KB
Click to Enlarge Name: 2017-08-30 11_24_54-3059630_ HFMarketsSV-Live Server 3 - [AUDUSDb,M5].jpg Size: 185 KB
>>> BE INTENTIONAL
  • #125
  • Aug 30, 2017 3:09am Aug 30, 2017 3:09am
Quoting falkborn
{quote} We have got very good trades this week with the usd and euro pairs , i missed them . Sure you can post charts that uses this system or improved on it or applied from it .
Yes there were plenty of missed good trades to be had, using your Routine. On my TradingView Renko Charts (NO Median bars), which are slightly different to the MT4 ones, but the Routine works the same. I have : green/red 12/36 EMA Ribbon, aqua/blue 100/200 EMA Ribbon, Fractal swing alerts and I also like to include the Round Number S/R lines (called Sweetspots Gold in MT4) so that you know when major S/R may occur. 12pip chart on LHS, 3pip on the RHS:
Attached Image (click to enlarge)
Click to Enlarge Name: download-3.png Size: 128 KB
  • #126
  • Aug 30, 2017 3:37am Aug 30, 2017 3:37am
Quoting JustUncleL
{quote} Yes there were plenty of missed good trades to be had, using your Routine. On my TradingView Renko Charts (NO Median bars), which are slightly different to the MT4 ones, but the Routine works the same. I have : green/red 12/36 EMA Ribbon, aqua/blue 100/200 EMA Ribbon, Fractal swing alerts and I also like to include the Round Number S/R lines (called Sweetspots Gold in MT4) so that you know when major S/R may occur. 12pip chart on LHS, 3pip on the RHS: {image}
Very good . I suggest you also use hikenashi bars , Not every red renko bar is a retracement ,and not every fractal is an entry signal . Still for the basic system rules its enough for growing pips .Dont forget about the spread when placing entries .Keep me updated on your progress .
>>> BE INTENTIONAL
  • #127
  • Aug 30, 2017 4:32am Aug 30, 2017 4:32am
Quoting falkborn
{quote} Very good . I suggest you also use hikenashi bars , Not every red renko bar is a retracement ,and not every fractal is an entry signal . Still for the basic system rules its enough for growing pips .Dont forget about the spread when placing entries .Keep me updated on your progress .
Thank you for your feedback, I only use the Fractal Alerts to generate "Heads up" alarms. In TradingView HA candles cannot be combined with Renko bars, however, I have used HA candles by themselves before, but I prefer the cleaner Renko charts. Yes I am aware that I need to allow for spread and also at least one extra Renko bar for SL, to account for the nature of a Renko bricks: for example a 12pip Brick could represent be 12pips +/- 11 pips price and for a brick to change colour the price has to move at least 24pips in the opposite direction.

One question I would like clarified in your Routine is: on the 12pip chart, would you classify a pull back as a tradable "retracement" if it touches (or near touch) the 36EMA, between 12/36EMAs, or a touch of 12EMA. Or all of them?
  • #128
  • Aug 30, 2017 7:05am Aug 30, 2017 7:05am
gbpcad
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-30 17_32_42-Forex Factory.jpg Size: 214 KB
>>> BE INTENTIONAL
  • #129
  • Aug 30, 2017 7:44am Aug 30, 2017 7:44am
NZDUSD - Short @ 7244, hit TP1 for 22 pips

Regards,
Blackeagle
  • #130
  • Aug 30, 2017 7:49am Aug 30, 2017 7:49am
Quoting Blackeagle
NZDUSD - Short @ 7244, hit TP1 for 22 pips Regards, Blackeagle
Me too
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-30 18_17_12-1901416_ Tripleafx-FX-Demo - Demo Account - [NZDUSD,M2 (offline)].jpg Size: 186 KB
>>> BE INTENTIONAL
  • #131
  • Aug 30, 2017 9:28am Aug 30, 2017 9:28am
Quoting Alrighty
Sorry for the spam, but I'm having trouble with the setup of the renko chars: When I add a chart then the EA to create renko, I make it M1 and then I create the renko offline normally, but the renko chart created has only around 20 bars in 12 bricks, sometimes evenless, so less that not even heiken Ashi is drawn in the candles. 3 bricks displays well. I guessed it was because I had to redownload the data, so I did, pressing F2 and choosing the symbol and timeframe, but it fixed nothing. Then I thought it might was because my max bars on history...
Wanted to know if you ever got this figured out as I am having the same trouble. Tried everything you stated and still don't have enough bars on the renko chart. I tried downloading all 1M history but it tells me no new data available. I don't know if it's a broker issue as I have Traders Way demo. Anyone else have any ideas. Thanks
  • #132
  • Edited 11:31am Aug 30, 2017 11:05am | Edited 11:31am
great day +++
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-08-30 19_58_16-1901416_ Tripleafx-FX-Demo - Demo Account - [GBPJPY,M2 (offline)].jpg Size: 171 KB
Click to Enlarge Name: 2017-08-30 19_57_20-1901416_ Tripleafx-FX-Demo - Demo Account - [NZDUSD,M2 (offline)].jpg Size: 213 KB
Click to Enlarge Name: 2017-08-30 21_15_11-1901416_ Tripleafx-FX-Demo - Demo Account - [GBPNZD,M2 (offline)].jpg Size: 170 KB
Click to Enlarge Name: 2017-08-30 21_15_00-1901416_ Tripleafx-FX-Demo - Demo Account - [GBPAUD,M2 (offline)].jpg Size: 166 KB
>>> BE INTENTIONAL
  • #133
  • Aug 30, 2017 1:27pm Aug 30, 2017 1:27pm
Quoting Akolva1
{quote} Wanted to know if you ever got this figured out as I am having the same trouble. Tried everything you stated and still don't have enough bars on the renko chart. I tried downloading all 1M history but it tells me no new data available. I don't know if it's a broker issue as I have Traders Way demo. Anyone else have any ideas. Thanks
change the broker . Could be your brokers problem .
>>> BE INTENTIONAL
  • #134
  • Aug 30, 2017 1:33pm Aug 30, 2017 1:33pm
Im correct. You wait until you get an alert in the 12brick chart draw the trendline. Change to the 3brick chart and wait for the setup.
Everyday better.
  • #135
  • Aug 31, 2017 6:12am Aug 31, 2017 6:12am
NU worked out well.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-08-31 06_53_05-120140580_ FXOpen-ECN Demo Server - Demo Account - [NZDUSD,M2 (offline)].png Size: 32 KB



thank you falkborn
one question. when looking at the 12 brick chart and a candle turns and breaks the trend line. do you wait for that candle to close before going to the 3 brick chart?
  • #136
  • Aug 31, 2017 9:19am Aug 31, 2017 9:19am
I am sorry for the late replies , My grandma died today , and wasn't able to be at the desk . Was with her at the hospital and just left the trading desk yesterday .Positions haven't been taken care of not traded since then .Sorry for this week .Hopefully i will catch up with you next week and make it up to you guys . Drop your questions and i will answer when i will be back . Thank you guys .
>>> BE INTENTIONAL
  • #137
  • Aug 31, 2017 9:30am Aug 31, 2017 9:30am
Quoting falkborn
I am sorry for the late replies , My grandma died today , and wasn't able to be at the desk . Was with her at the hospital and just left the trading desk yesterday .Positions haven't been taken care of not traded since then .Sorry for this week .Hopefully i will catch up with you next week and make it up to you guys . Drop your questions and i will answer when i will be back . Thank you guys .
Condolence, falkborn.

st888
  • #138
  • Aug 31, 2017 9:42am Aug 31, 2017 9:42am
My deepest condolences, falkborn. Not the time to care about trading under such circumstances.
  • #139
  • Aug 31, 2017 10:17am Aug 31, 2017 10:17am
Quoting falkborn
I am sorry for the late replies , My grandma died today , and wasn't able to be at the desk . Was with her at the hospital and just left the trading desk yesterday .Positions haven't been taken care of not traded since then .Sorry for this week .Hopefully i will catch up with you next week and make it up to you guys . Drop your questions and i will answer when i will be back . Thank you guys .
Sorry for your loss, and my deepest condolences, I know how it feels to lose someone close. Take time off, don't concern yourself with less important matters like trading.
  • #140
  • Aug 31, 2017 3:48pm Aug 31, 2017 3:48pm
Quoting Akolva1
{quote} Wanted to know if you ever got this figured out as I am having the same trouble. Tried everything you stated and still don't have enough bars on the renko chart. I tried downloading all 1M history but it tells me no new data available. I don't know if it's a broker issue as I have Traders Way demo. Anyone else have any ideas. Thanks
What I stated on my post #116 solved it for me, if it doesn't work, try the same steps with another broker, good luck!
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