TOP of the WAVE (One Minute Renko) | Forex Factory

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TOP of the WAVE (One Minute Renko)

  • #1
  • First Post: Edited 4:37pm Mar 27, 2015 8:12am | Edited 4:37pm
This thread is for testing/developing/journal of a system trying to catch the end of extreme movements on a 1 minute chart. Recipe for disaster, you said? It certainly sounds like it!! Well see.
Keep in mind this is UNDER DEVELOPMENT!!! At this point only the entry rules are (kinda) set, but system is designed to be on the green in a short period of time and you should be able to lower SL to the BE point. Some wrinkles must be ironing out.
Settings are mine to keep. Ill be posting live trades. Ill also be posting advance scouting from the oncoming trade as soon as the pattern its close to complete its formation.

WARNING: The main purpose for this thread itīs (as stated above) a journal/ systems studies. I dont want to be rude but I am not good socializating, besides English being my second language makes answering random things much harder. Sorry about that.

Im hoping this thing works out good, for the beneffit of us all :=
  • #2
  • Mar 27, 2015 11:07am Mar 27, 2015 11:07am
-Short GBP/NZD
Agressive entry
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LOSS of 9.9 pips
Price inmediately went my way 40+ pips and then close to -37

Iīll keep watching all of the Sterling crosses for some nice opportunities
  • #3
  • Mar 27, 2015 12:37pm Mar 27, 2015 12:37pm
Entry Order : Short GBP/AUD 1.9203
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  • #4
  • Edited 4:33pm Mar 27, 2015 3:41pm | Edited 4:33pm
Order filled.
Entry: PIERCING
SL 1.9270
Target: 1.9080
Countertrend 15RENKO PoP
A retrace its due with Varma or , at least, Kama as objective. PA denotes one more bullish leg before the Aussie start gaining track.
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Ill tight the SL on Sunday (hopefully)
  • #5
  • Mar 29, 2015 3:30am Mar 29, 2015 3:30am
Late on a weekend. Bored. Doing some homework for the week ahead.
AUD/USD 30
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By the look of the 30chart it seems is poised for a bullish rally. For this outlook to be validated price shouldnt drop bellow 0.7700 (36 pips away). Still, if price happens to come close to retest lows Ill be BULL.
Another look at 30
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Ill be watching 1, 5 min chart for a good entry
  • #6
  • Mar 30, 2015 6:41am Mar 30, 2015 6:41am
LONG AUD/JPY at market 91.815
SL @91.36
TP @93.65
Entry: AGRESSIVE
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  • #7
  • Mar 30, 2015 6:50am Mar 30, 2015 6:50am
Watching the price action I decided to give a little bit more of room for a retrace. Luckily I got unscathed out of this one.
Closed @ BE
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  • #8
  • Mar 30, 2015 7:12am Mar 30, 2015 7:12am
SELL @ market EUR/AUD 1.4161
SL @ 1.4235
TP @ 1.3890
  • #9
  • Mar 31, 2015 1:49pm Mar 31, 2015 1:49pm
SELL @market GBP/AUD 1.94955
SL @1.9570
TP @ 1.91
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Testing lower channel
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  • #10
  • Mar 31, 2015 1:54pm Mar 31, 2015 1:54pm
Quoting w1llariza
LONG AUD/JPY at market 91.815 SL @91.36 TP @93.65 Entry: AGRESSIVE
SL hit: -45 pips
Total TotW: -55
  • #11
  • Apr 1, 2015 7:21pm Apr 1, 2015 7:21pm
BUY @ market 0.759
  • #12
  • Apr 2, 2015 1:29am Apr 2, 2015 1:29am
Quoting w1llariza
SELL @ market EUR/AUD 1.4161 SL @ 1.4235 TP @ 1.3890
Closed @ BE
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GBP/AUD closed @ loss: -59 pips
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Total TotW: -114
  • #13
  • Last Post: Edited 9:22am May 21, 2015 8:55am | Edited 9:22am
Long AUD/USD @ 0.7883

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Long EUR/USD @ 1.11163

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Short USD/JPY @ 121.20

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Long NZD/USD @ 0.7300

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