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Renko 12MTR

  • #21
  • Apr 6, 2014 6:52pm Apr 6, 2014 6:52pm
March 31-April4, totally ignoring PP's, BRN's, and News, on GBPJPY only.

15-High Probability Entry #1---Green Lines
2- High Probability Entry #2---Magenta Lines
4-Failed---Red Lines

77% Success Rate
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_mar_31_apr4.png Size: 76 KB
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  • #22
  • Edited Apr 7, 2014 2:59am Apr 6, 2014 7:22pm | Edited Apr 7, 2014 2:59am
Asia session currently open trades

GBPJPY Buy High Probability Entry #2

GBPAUD Sell High Probability Entry #1

XAUUSD Buy High Probability Entry #1

Will update with close results.


UPDATE:

All 3 Asia session trades failed. Upon GBPAUD failing a Buy High Probability Entry #1 was present and went the opposite direction immediately. At 2 Bricks profit set to BE targeting the Daily Pivot which was about 6 extra pips. It never got there and reversed to hit BE.
First day in 8 weeks that the first trade on all 3 pairs that I trade resulted in failures. Such is currency trading.
I rate my system at the end of each week, so a long way to go.
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  • #23
  • Apr 6, 2014 9:04pm Apr 6, 2014 9:04pm
Looks very interesting... Will test later (PM, AUD Time).

You make reference to keeping your "Psyche in check". I could not agree more and honestly believe that not being in control (psychologically) is the number one killer of all Forex traders. I've personally been trading since November and still very much struggle to keep my emotions in check...

When trading:

  1. Trade goes in my favour, keeping it open for too long, being greedy, then loosing.
  2. Identifying opportunities based on baseless comments here on FF and on the news
  3. Being inpatient and wanting to trade NOW, not when the time is right.
  4. Thinking the momentum is in my favour, opening more positions, being greedy, then loosing.

Anyway, great work and will comment on results when I can.

Follow me at andrewfx2020 (dot) com
  • #24
  • Apr 6, 2014 9:13pm Apr 6, 2014 9:13pm
Quoting AussieForexM
Looks very interesting... Will test later (PM, AUD Time). You make reference to keeping your "Psyche in check". I could not agree more and honestly believe that not being in control (psychologically) is the number one killer of all Forex traders...
Appreciate your comments and honesty!

Your post describes exactly what I lived as I stated in my first post. It wasn't until I could define what I needed personally, could I decide if this business was a viable option for me. I was truly my own worst enemy.
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  • #25
  • Edited 6:25am Apr 7, 2014 3:12am | Edited 6:25am
London session current open trades

GBPJPY Buy High Probability Entry #2

GBPAUD Buy High Probability Entry #1

Will update with close results.

UPDATE:
GBPJPY TP hit

GBPAUD TP hit

XAUUSD Added Buy High Probability Entry #1
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  • #26
  • Apr 8, 2014 12:10am Apr 8, 2014 12:10am
Hey buddy, thanks for all your hard work here!
Really appreciate it!

I just tried to setup the charts, but unfortunately Iam missing one indicator...

Attached Image (click to enlarge)
Click to Enlarge Name: Missing.PNG Size: 11 KB


Could you be so kind and upload it

And the AO (Awesome Oscilator) is also not included in your template
  • #27
  • Apr 8, 2014 12:54am Apr 8, 2014 12:54am
Quoting Jeffray
Hey buddy, thanks for all your hard work here! Really appreciate it! I just tried to setup the charts, but unfortunately Iam missing one indicator...
@Jeffray

My apologies, I forgot to include the 2 SMI Helper files. They have been added to the download on Post #1

The AO (Awesome Oscillator) is part of MT4's Standard Indicators.
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  • #28
  • Apr 8, 2014 12:58am Apr 8, 2014 12:58am
hello SmokeyD ,

thx for ur hard work. Would u plz upload more image ?

thx
  • #29
  • Apr 8, 2014 1:02am Apr 8, 2014 1:02am
Quoting golamminhaz
hello SmokeyD , thx for ur hard work. Would u plz upload more image ? thx
Not quite sure what you would like to see. My first several posts were the last 5 weeks.

Tell me what you would like to see, and I will post it.
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  • #30
  • Apr 8, 2014 1:12am Apr 8, 2014 1:12am
Quoting SmokeyD
{quote} @Jeffray My apologies, I forgot to include the 2 SMI Helper files. They have been added to the download on Post #1 The AO (Awesome Oscillator) is part of MT4's Standard Indicators.
Thanks Buddy,

looks perfect! unfortunately I missed the re-entry on Gold...

Attached Image (click to enlarge)
Click to Enlarge Name: Renko 12 MTR.PNG Size: 50 KB
  • #31
  • Apr 8, 2014 1:24am Apr 8, 2014 1:24am
@Jeffray

Looks good!

You bring up a good point---Re-entries.

Personally I will only re-enter once on a particular "run". A "run" being a cross of the MA's on the %Williams window.

Here was my XAUUSD trade just before Asia session open. I missed a successful Entry #2 on GBPJPY and a Re-entry on GBPAUD. Was busy with other things unfortunately.
Attached Image
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  • #32
  • Apr 8, 2014 1:36am Apr 8, 2014 1:36am
I have made a small change to Post #1 .rar download.

The template has been changed to reflect the MA2 on the %williams indicator.
It should be Smoothed, not Simple.

@Jeffray
(I could see yours looked a bit different than mine)

My apologies. This is the first system I have presented so bare with me.
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  • #33
  • Apr 8, 2014 1:37am Apr 8, 2014 1:37am
Quoting SmokeyD
@Jeffray Looks good! You bring up a good point---Re-entries. Personally I will only re-enter once on a particular "run". A "run" being a cross of the MA's on the %Williams window. Here was my XAUUSD trade just before Asia session open. I missed a successful Entry #2 on GBPJPY and a Re-entry on GBPAUD. Was busy with other things unfortunately. {image}
Which broker do you use and what GMT has it?
Because around Tokiyo open I have these bricks...

Same signal but a different picture.

Attached Image (click to enlarge)
Click to Enlarge Name: Renko 12 MTR.PNG Size: 47 KB


The red vertical line would have been my entry...
  • #34
  • Apr 8, 2014 1:48am Apr 8, 2014 1:48am
Quoting Jeffray
{quote} Which broker do you use and what GMT has it? Because around Tokiyo open I have these bricks...
It is with FXDD, which looks like an hour difference than yours.
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  • #35
  • Apr 8, 2014 1:56am Apr 8, 2014 1:56am
Buy entry of GBPJPY Entry #1
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_apr8_current_buy.png Size: 33 KB
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  • #36
  • Apr 8, 2014 3:02am Apr 8, 2014 3:02am
Quoting SmokeyD
Buy entry of GBPJPY Entry #1 {image}
Are you stopped out?

Went long on GBPAUD. But made a mistake... We have some red news in about 30 min.
So keep your thumps pressed

Attached Image (click to enlarge)
Click to Enlarge Name: Renko 12 MTR.PNG Size: 54 KB
  • #37
  • Apr 8, 2014 3:31am Apr 8, 2014 3:31am
Hi, can I know how many pips per brick that you set?
  • #38
  • Apr 8, 2014 3:33am Apr 8, 2014 3:33am
Quoting Jeffray
{quote} Are you stopped out? Went long on GBPAUD. But made a mistake... We have some red news in about 30 min. So keep your thumps pressed {image}
Yes...got stopped out.

Hope you held on to that GBPAUD!
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  • #39
  • Apr 8, 2014 3:38am Apr 8, 2014 3:38am
stopped out? why? In my graphs didnt have 2 red bricks. Can y post a picture?
  • #40
  • Apr 8, 2014 3:49am Apr 8, 2014 3:49am
Quoting Gold Miner
Hi, can I know how many pips per brick that you set?
They are 8 pip bricks.

If I forgot to mention that in Post #1, I will correct that.
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