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Renko 12MTR

  • #121
  • Apr 13, 2014 5:59pm Apr 13, 2014 5:59pm
Quoting fxHighlander
I took the same GBPJPY ,and EURAUD... {image}
Very nice!
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  • #122
  • Apr 14, 2014 1:44am Apr 14, 2014 1:44am
Good morning Smokey, what is the brick size y are using for gold? Testing this pair but think 8 pip brick is low. Using 32p but wanted yr opinion since y know it better.
  • #123
  • Apr 14, 2014 2:04am Apr 14, 2014 2:04am
Quoting forex_dimi
Good morning Smokey, what is the brick size y are using for gold? Testing this pair but think 8 pip brick is low. Using 32p but wanted yr opinion since y know it better.
8 pip, just like my GBP pairs. If you're using the Renko EA I provided in the package, you have to set it to 80 for XAUUSD.
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  • #124
  • Apr 14, 2014 2:46am Apr 14, 2014 2:46am
did y take the short in gold ? (havent taken, dont trade gold, just asking to test myself in the system)
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  • #125
  • Apr 14, 2014 3:13am Apr 14, 2014 3:13am
Quoting forex_dimi
did y take the short in gold ? (havent taken, dont trade gold, just asking to test myself in the system) {image}
I was watching and waiting, and got into a conversation here and missed it. A perfect Entry #1 that hit its 2 brick TP.

I'm currently in a GBPAUD Sell.
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  • #126
  • Apr 14, 2014 4:09am Apr 14, 2014 4:09am
Had that short in ga, but got afraid and closed the trade with a loss. Took again a short in G/NZD and made more than the loss (begining to love this pair)
Please take a look of the pic below. The 1st arrow could be a trade. My question is if we could enter again at the 2nd arrow? I know y preffer a trade at the begining, but since the MA's in the momentum indi crossed, could we consider a new trade? (dont stick in the pair or the brick size, just the potential trades). I check various pairs and brick sizes to see the potentials.
Attached Image (click to enlarge)
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  • #127
  • Apr 14, 2014 4:31am Apr 14, 2014 4:31am
Quoting forex_dimi
Had that short in ga, but got afraid and closed the trade with a loss. Took again a short in G/NZD and made more than the loss (begining to love this pair) ...
I'm still in the GA short. Unless I get a signal to buy, I will usually hold on to it. Sometimes very tough though. Glad to hear the GN is working out for you. IMO you only need 2 pairs with good volatility to make a decent living.

The first arrow is where I would have entered, and yes, I would consider the second arrow had I missed the first one only because of how high the indis are in there frames.
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  • #128
  • Apr 14, 2014 7:32am Apr 14, 2014 7:32am
Missed a couple of great Asia session opportunities, but still had another (almost) 4% day.

I think I will call it an early one today.

Many green pips to all.
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  • #129
  • Apr 14, 2014 9:37pm Apr 14, 2014 9:37pm
I have added a link to myfxbook on Post#1, for anyone interested in additional validity of this system.

Creating and dealing with offline charts will not appeal to everyone, so I understand the lack of interest in this thread. I will keep this thread alive until the end of the month for the few who have shown some interest.

My only goal here was to present a profitable system to those who happen to stumble across it.

This system was "gifted" to me, and I have an obligation to pay it forward...for a while.
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  • #130
  • Apr 14, 2014 9:48pm Apr 14, 2014 9:48pm
Thanks for sharing your approach, Smokey. I like renko, too.
  • #131
  • Apr 14, 2014 9:52pm Apr 14, 2014 9:52pm
Quoting SmokeyD
I have added a link to myfxbook on Post#1, for anyone interested in additional validity of this system. Creating and dealing with offline charts will not appeal to everyone, so I understand the lack of interest in this thread. I will keep this thread alive until the end of the month for the few who have shown some interest. My only goal here was to present a profitable system to those who happen to stumble across it. This system was "gifted" to me, and...
Hi, SmokeyD. I am interested and I just settle my "Off Quotes" issue...will try and test your system.
  • #132
  • Apr 15, 2014 2:11am Apr 15, 2014 2:11am
GBP/JPY

Sold at the pink horizontal line.
TP at blue line
15 pips.
(:
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  • #133
  • Apr 15, 2014 2:41am Apr 15, 2014 2:41am
Quoting saticdoor86
GBP/JPY Sold at the pink horizontal line. TP at blue line 15 pips. (: {image}
Perfect!
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  • #134
  • Apr 15, 2014 2:46am Apr 15, 2014 2:46am
I usually wait for 3 successful trades totaling around 40 pips before looking for a runner. I have 2 successful trades today totaling 42 pips...so the AU Sell I have open is going to be a runner if I get to 2 bricks profit.

At that point I will move to BE and see what happens. Currently +9.
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  • #135
  • Apr 15, 2014 3:25am Apr 15, 2014 3:25am
5 minutes to GBP CPI announcement...moving SL to -10.
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  • #136
  • Apr 15, 2014 3:27am Apr 15, 2014 3:27am
Good Morning Smokey, unfortunately today the good setups happened in Asia. Have taken ga short and now gnzd. Would have taken gold long too (but dont want to have more than 2 open possitions. Not sure what to do because of the news (hate that when it happens).
Very good and straight forward system, thanks again.
  • #137
  • Apr 15, 2014 3:52am Apr 15, 2014 3:52am
Quick 25 pips on GBPJPY this morning,missed EURJPY...
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  • #138
  • Apr 15, 2014 4:01am Apr 15, 2014 4:01am
Quoting forex_dimi
Good Morning Smokey, unfortunately today the good setups happened in Asia...
Good Morning to you,

Gold moved sharply through Asia. Although the GBP pretty much moved sideways leading up to the CPI announcement, I still picked up a successful GBPJPY and GBPAUD Entry #1 trade.

It's always best practice to "know" the pairs you trade. You seem to being doing well with the GN...master it and then find a second pair you want to "know"...that is all you need.

There are many good systems...the question will always be "Can I make it work for me"?
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  • #139
  • Apr 15, 2014 5:31am Apr 15, 2014 5:31am
Quoting fxHighlander
Quick 25 pips on GBPJPY this morning,missed EURJPY... {image}
Perfect!
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  • #140
  • Apr 15, 2014 8:07am Apr 15, 2014 8:07am
AU
Sell
(although i entered late, was hoping yellen's speech might have a bullish impact)
17+ pips
Sell at blue line.
Closed at yellow line.
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