JPN225 with RENKO charts

A friend introduced me to this baby awhile back but I've not been able to really give it a go on the live market.
I got my chance today (during the New York session which I have been trying o sty away from)

I found that the 2000 pips brick of Renko which I had backtested was inadequate, I suffered 6 losses back to back until I moved to 4000 pips brick'

I like that there is enough volatility to trade a minimum of 1:2 risk to reward comfortably.

The drawback of this indices is spikes during the NY session and sometimes during the London session. The Dollar value of one pip for a standard lot is quite small so one would have to increase their lot size to gather more value per pip won (or lost).

Let's see how well this experiment does.

These were the opportunities that presented themselves during the London and early New York session
7 trades 5 TP 2 SL that would have yielded ........
16,000*5 =80,000
8,000 * 2 = (1,600)
Net pips 64,000



What I actually caught during the New York session
The last trade was ruined by my not adjusting the TP and SL on the trade manager appropriately

The New York session is actually most volatile and most profitable followed by the Asia session.

So I was AWOL yesterday, and today I was late because I had to run an errand before getting to the office.

I was reluctant trading this instrument because it seems the work is just too much to get sufficient reward compared to an instrument like XAUUSD.
Since I was already late I decided to cherry pick and see what I'd learn.

Turns out it's very easy to trade but you have to use bigger lot size.

I was trading my regular Gold on Renko when I drilled a hole in my little account then sought to let off frustration in another instrument




I don't like the fact that the lot sizing is too slow for me