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Goldflight's RENKO strategy

  • #281
  • Oct 20, 2010 6:35am Oct 20, 2010 6:35am
Quoting pilotui
Thanks Sir

Your welcome.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #282
  • Oct 20, 2010 6:37am Oct 20, 2010 6:37am
Quoting saendee
Goldflight system looks great what time U start trading each day many thanks in advance

Normaly i start at British open, but because of my health lately i have been sleeping in. Also i have been looking at brokers so i havent had a need to get up early untill i settle on one and go live.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #283
  • Oct 20, 2010 6:41am Oct 20, 2010 6:41am
Quoting astom
Yesterday, I maked about 70pips with new setup, that for my account means 5~7%. There a moments, that i was SHORT, and system show me reverse( show to buy), with pop up, but the luck was with me, hehe, And system was wrong this time. Analysing, 80% of trades with system was profitable. This is a sucess for me.

Obs: I trade only in open australian market, when the major currency pair ae cold. Basically, I trade with aus/jpy and aus/usd. I tried with NZD, But The spread is very high(fxdd) gave up this currency. Other detail is that i work with...
Good job astom, I think you will find less false signals when you start using 10 pip blocks. that was my conclusion when i was trying 5 pip.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #284
  • Oct 20, 2010 6:44am Oct 20, 2010 6:44am
got EU and UC started. GU seems to be ranging so i will wait on it.
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I AM WHAT I AM, AND THATS ALL THAT I AM
  • #285
  • Oct 20, 2010 8:55am Oct 20, 2010 8:55am
Took +20 pips on EU. Got back in EU, and started GU. UC still running.
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  • #286
  • Oct 20, 2010 9:52am Oct 20, 2010 9:52am
I love it when a plan comes together.
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I AM WHAT I AM, AND THATS ALL THAT I AM
  • #287
  • Oct 20, 2010 9:57am Oct 20, 2010 9:57am
How do you handle the ranging periods Goldflight ???

I mean if you could post some sharts with ranging periods and how you handle those.


Right now I am about +50 pips on EUR/JPY alone !!!


Thanks
  • #288
  • Edited 10:14am Oct 20, 2010 10:03am | Edited 10:14am
Quoting maxwell-eqtn
How do you handle the ranging periods Goldflight ???
Look for HH/HL or LH/LL and trend change or continuation. GU was ranging this morning, so i waited till i got a signal i was comfortable with. ( Blue line)
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I AM WHAT I AM, AND THATS ALL THAT I AM
  • #289
  • Oct 20, 2010 10:08am Oct 20, 2010 10:08am
Sorry i had blue line on wrong block. this block was my signal. Previous chart was block i took trade........
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  • #290
  • Oct 20, 2010 10:16am Oct 20, 2010 10:16am
Thanks Goldflight, it appears you are also using trend lines ?

It is nice when everything is trending man !!!
I have closed my position for gain of +66 pips on EUR/JPY alone, not trying to be greedy !!
  • #291
  • Oct 20, 2010 10:20am Oct 20, 2010 10:20am
Quoting maxwell-eqtn
Thanks Goldflight, it appears you are also using trend lines ?

It is nice when everything is trending man !!!
I have closed my position for gain of +66 pips on EUR/JPY alone, not trying to be greedy !!

Excellent job Maxwell-eqtn. Yes i put fractals on my chart and use trendlines to help me see my charts and what they are doing better.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #292
  • Oct 20, 2010 10:27am Oct 20, 2010 10:27am
It appears the market is gaining back all what it losed yesterday.... !
  • #293
  • Edited 10:49am Oct 20, 2010 10:28am | Edited 10:49am
Closed out for the day. USDCAD +32 --- GBPUSD +89 ---- EURUSD +99 total of 240 pips for today. See you all tommorow.

Happy Pipping........................
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I AM WHAT I AM, AND THATS ALL THAT I AM
  • #294
  • Oct 20, 2010 6:47pm Oct 20, 2010 6:47pm
Good job GF!

Made my first renko trades today (demo). Was focusing on EU before work. Fell for the short headfake before the breakout and lost a quick 40. Put on a trade before going to work ended up +100. +60 for the day on EU (even with the mistake) was good.

The stop management EA you posted earlier helped alot.

What pairs do you usually follow? Which give you the most potential for trades/profit?

Thanks again! Following your posts closely.

SC
  • #295
  • Oct 20, 2010 7:13pm Oct 20, 2010 7:13pm
Hello, Goldflight.
Thank you for sharing your strategy.
Could you summarize the latest rules of your system?
  • #296
  • Oct 20, 2010 8:41pm Oct 20, 2010 8:41pm
Quoting Goldflight
Closed out for the day. USDCAD +32 --- GBPUSD +89 ---- EURUSD +99 total of 240 pips for today. See you all tommorow.

Happy Pipping........................
So GF, is there a specific indicator that you use to alert when a trade setup might be correct?

Or is it a combination of analysis of all your indy's that lead you to know when a trade is setting up (although Renko can be tricky, and blow through 2 or 3 blocks in a 2 min time)

I"m just trying to get a better grasp as to what the deciding factor is to triggering a buy/sell order.

THanks
  • #297
  • Oct 21, 2010 4:39am Oct 21, 2010 4:39am
Quoting scarecrow93
Good job GF!

Made my first renko trades today (demo). Was focusing on EU before work. Fell for the short headfake before the breakout and lost a quick 40. Put on a trade before going to work ended up +100. +60 for the day on EU (even with the mistake) was good.

The stop management EA you posted earlier helped alot.

What pairs do you usually follow? Which give you the most potential for trades/profit?

Thanks again! Following your posts closely.

SC

Great job scarecrow93, The pairs i am watching now are EURUSD, GBPUSD, and USDCAD.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #298
  • Oct 21, 2010 4:43am Oct 21, 2010 4:43am
Quoting Forwarder
Hello, Goldflight.
Thank you for sharing your strategy.
Could you summarize the latest rules of your system?

Here are the rules,

AO turns green--- 1 EMA (on AO) crosses above 3 EMA (on AO) --- ADX 10 green crosses above red--- BUY.

AO turns orange--- 1 EMA (on AO) crosses below 3 EMA (on AO)--- ADX 10 red crosses above green--- SELL.

These are what you want to watch for Higher highs/higher lows---Lower highs/lower lows--- Support and Resistance--- The 1 and 3 EMA's--- AO color--- ADX--- Trend--- news.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #299
  • Oct 21, 2010 4:50am Oct 21, 2010 4:50am
Quoting pilotui
So GF, is there a specific indicator that you use to alert when a trade setup might be correct?

Or is it a combination of analysis of all your indy's that lead you to know when a trade is setting up (although Renko can be tricky, and blow through 2 or 3 blocks in a 2 min time)

I"m just trying to get a better grasp as to what the deciding factor is to triggering a buy/sell order.

THanks

It is the combination of all the indies. Go back through my charts and see where i took my trades and see what the indies are saying. The rules i posted again in my previous post.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #300
  • Oct 21, 2010 7:41am Oct 21, 2010 7:41am
Gone short on EURUSD...
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