I am starting this thread for 2 reasons:
1) To document and test a new system.
2) To train myself to trade sensibly and effectively
Following 10 years and 10,000 hours of study, my trading is still erratic, undisciplined, and very frankly, uncontrollable. Obviously knowledge will never make one a trader. I blow accounts faster than Hillary deletes classified emails. As Mark Douglas points out in his book Trading in the Zone, I've personally refused to accept accountability for my losses. I over commerce, payback trade, marry transactions, add to losing positions, fearfully ending winning transactions, and generally speaking, engage is every type of destructive trading behavior you could envision.
Renko charts have always appealed to me. In my opinion, renko simplifies price action, and at the very least is considerably easier on the eyes. But, I've just about gone off the deep end in trying to get the renko charts to function properly. The most important issue appears to be that after awhile the bricks do not upgrade. For now, I seem to have everything working well with Pepperstone.
This system may seem infantile to most traders, which is a good thing, because that's just what I need. I need a system that is like changing the diapers of an infant. When I see the poop (or odor ), I take action. I get the diaper. I put the diaper , secure the straps, wash my hands, and I'm done with that. Trading should be the same. I see the setup, I do it and initiate the trade, set the SL's and TP's, wash my mind in the commerce, and be done with that. Enough said.
NOTE: ANYONE is welcome to post here. All questions, remarks, or constructive criticisms are all welcome. Please be more respectful. Anyone that want to post a chart, please do. It would be fine if you used the same template but whatever floats your boat is fine.
I am looking for two set ups:
1)Double tops
2)Divergence (classic or concealed )
There are only two items on the charts:
1) Renko bricks - 7 pips every single (no more wicks)
2) RSI with period 9
https://www.forexforum.co.za/attachm...3686281020.mq4
https://www.forexforum.co.za/attachm...4580733978.tpl
This really is a private journey of accountability. I am trying to create the plogical framework to SEE IT, SET IT, and LET IT GO.
Thank you in advance for any gifts and best of trading whatsoever.