Renko 12MTR

GJ
Sell
Sold at blue line
TP yellow line
15+ pips.

Nicely done!

EJ
Buy at blue line
hit TP at yellow line
15 pips!
thats it for today!

Perfectly executed @saticdoor86!

Al you need is a couple successful trades a day...they will add up quickly over time.

I encourage anyone testing this system to post their screenshots, but please only include the indicators shown in this system.

So many system threads here in FF and other forums start with indis A,B,C and end up with A,C,F, and G.

I will always be open to alternative indicators if they can be proven to outperform those I have presented in this system.

Thank-you in advance.

Good morning Smokey (know isn't morning in yr region, thus g.afternoon)
Trade in gold at the arrow, was too early, but wanted to avoid double bottom.
PS i am watching more pairs in order to find the best tradable situation and skip others.

Good Day to you FD

95% of the time, I'm looking for 3 Brick setups, (the close of the 3rd brick) Only in very high volatility will I consider the close of the 4th brick.

Closed and opened long in the gold, but also a short in gnzd that didnt work.
For the gnzd dont know what to do. Wait for the 3 blue candles (as system indicates). The 3 blue is more or less the triple top, but there are lvls from 1hour tf that could be reached...

Below you can see the successful Entry #1's. There are no qualifying Entry #2's. This is what will be frustrating for most...there will be some nice runs of 30+ pips or more that did not qualify for entry.

Those with the patience and confidence to wait and only take the qualifying entries, and have the control to not worry about the ones that did not qualify, that should do well.

EDIT:
I would add one more comment...if you're faced with a situation where you feel volatility is strong, and you have all indis required for an entry except one...try an entry at 1/2 your usual lot amount. BUT...try to keep in mind, your MM goal only NEEDS to be 2 successful trades a day. You have all day to wait for 2 perfect setups...patience is and always will be the key!!

I posted the gnzd trade in order to show that bad trade could happen. My problem was that in the picture i wanted to close the short and open a long possition . I think the system qualified for long entry that time. The problem was what the market would do triple top and bounce down or triple top and break up.
Never mind had taken a ga long and break even that loss. 4 trades till now 3 wins 1 loss (could have been 1 more trade in gnzd, but chickened ), not bad for a system

On the first and second page of this thread I showed this system over the previous 5 weeks...there will absolutely be some failed setups. I highlighted all of them with Red lines.

I would be very interested in your results at the end of the week. You seem to have a solid grasp of the pairs you're trading!

Hi;
EA just after LO.

Here is a good calculator for setting goals.

Just plug in your details in the yellow highlighted boxes.

Apologize if i was misunderstood, the reason for giving the loss trade was to show that there are not only gaining trades, there could be some losses too (as y have already mentioned). That doesnt make the system bad, 4 trades with 1 loss (could have been 5 trades with 1 loss), makes 75%+ success rate. Rather good. I mentioned the loss, because i know that the forums are read by people that are looking for the holy grail etc. Some time they come accross with 1-2 losses and think that a system is a failure.
I have mentioned that again and will say it again (not for you, but for the others), I am rather impressed with this system. This is a system that could work just following steps mechanicaly and I know how difficult is that in trading.
I mainly trade EJ and GU, and the system I am using for them is macd, stochs, ma's, etc. Therefore when i open a graph in another pair i can more or less understnad what would happen. Cannot tell for example if gnzd respect pivots, or witch pivots, fibos etc in order to find the exact entry or exit, but can easily understand the general picture (support, resistance etc). Unfortunately this system dont work with EJ and GU, but dont care I have learned that in the trading y must be flexible. Till now i open live graph only when i see the market stalls or something dont seem good. For example for the gold trades, havent opened a live chart, opened the possitions just frm yr template.
Till now i have around 40-50pips per day (except last Friday that made 20p and left for a coffee) and most of them came from gnzd (generaly I know that renko for some reason work better for gbp pairs). I have stopped this week to trade my pairs, because of this system . Till now was the most stress free week i have experienced till now.

FD...I appreciate your honesty.

Yes...all businesses sustain losses. I got smacked yesterday by XAUUSD twice in a row. It has been quite a while now since I experienced 2 failed trades in a row. It instantly brought back many old emotions that I went through during this process...it was not pleasant!

I gauge my performance at weeks end. It is very easy to start beating yourself up if you continuously only look at your daily results.

I'm very happy to hear that overall you're doing well with this system. At 40-50 pips per day, you're doing great! I figured it may not be suitable for all pairs, as I built this system around high volatility pairs and I also believe no system is totally universal.

I truly appreciate your feedback!

6% on the day, that will be it for me until NY open.

Wishing all many green pips!

Took 2 more trades, 1 short position in gnzd and gold both won and achieved my daily goal. Thus i would call this end of trades for today. I wont trade the NY session. Might visit the forum later.

Caught a quick 17 pips on the GBPJPY, and not so perfect entry to the EURAUD, but if I let trade go,that would be a winner...

Excellent!