Ezakimak's Trading Blog

Sweet! Got some profit locked. No matter what happens now, its a winner!

Price hit the recent support line and bounced back to hit my stop loss. I had some pips locked though, so that is finally a live trade winner for Connect the Dots.

Connect the Dots Live Trading Summary:

Winners: 1
Losers: 2
Year to Date Pip Count: -928

Connect the Dots setup on USDCHF. Let's see how we go....

Arrrrgh! My internet disconnected and by the time I realised and logged back in, price had dropped 150 pips and then reversed. If I had been logged in, I would have followed my plan of moving my stop loss to lock 10 or 20 pips once a new renko block had formed.

Never mind, let's ride it out and see how we go....

Well that just plain sucked! The trade has closed in the negative. It would have at least won a handful of pips if my internet hadn't disconnected......

NEVER MIND.

WaveRunner signals up on EURUSD. Off we go....

WaveRunner signals up on the GBPUSD. Let's see what happens....

I have just been reading over this blog and realised something. My entire goal leading up to the end of last year was finding a nice simple system based around renko. As you can see in the thread so far I have posted a few systems I have developed. They all work well and will gather up pips along with some losses here and there.

My goal is to have the cleanest screen possible, and for me this means the Naked Renko system I developed. This is a renko chart of 150 pip bricks and a BBMACD set at 5,13,1 and trading when there are two BBMACD dots of the same colour. Time and again this has worked well, and it is this strategy that I will develop and tweak further. One idea for this tweaking which I am working on at the moment combines the theory of part of the Connect the Dots strategy with a naked renko screen. In the Connect the Dots strategy, the bottom frame of the chart has a BBMACD set at 144,233,1. I have discovered that a MACD CCI with the same settings gives you the same picture, but takes up less room on the screen. In a nutshell:

Up blocks are coloured blue, down blocks are coloured yellow. When the blocks and the MACD CCI are the same colour, trade in that direction.

This is the basic theory and setup that I will now play with and tweak. No more throwing up charts of new ideas with dots and lines and bars and mess. Time to focus on the simple and not get distracted. Get as naked as possible.

Let's roll......

Here is a trade I started earlier on EURUSD. The solid red line is a pretty decent support line, and as price bounced off it we got a blue renko block and a blue MACD CCI block. The pic below is where the trade is at the moment. As a new block has formed, I am about to moved the stop loss to lock in a few pips of profit.

Profit locked in now. Price has hit that previous resistance point on the left. Will it keep going up, or will resistance hold? Either way, I have profit locked!

Hello Ezakimak, I was wondering what is the indie on your charts?

Happy Pipping.........

Excellent. Got a heap of pips locked now. Lovin' it!

Hello Goldflight!

Thanks for stopping by. I am subscribed to and regularly read your excellent thread - you have some great stuff going on there!

On the main screen I have my renko blocks set at 150 pips (I have a 5 digit broker, this would be 15 pips with a 4 digit broker). The bottom screen is a MACD CCI set at 144,233,55. This gives a nice indication of the trend and I have found it at least gets you trading in the right direction. Those numbers are fibonacci numbers, not sure if that has any impact, but you do get a good sense of the trend direction, strength and how long it has been going. I was using a Bollinger Band MACD at the same settings, but the MACD CCI takes up less room on the screen so I use it out of practicality.

It is attached for you to have a fiddle with!

Keep up the good work mate, and let me know what you think of the MACD CCI!

Ezakimak

Price is pulling back now. I have a nice wee pile o' pips locked so don't mind what happens from here!

Thank you my friend, I will give it a try. Happy to see you are doing well.

Happy Pipping....................GF.

Price has now pulled back and hit my stop loss, but with a goodly pile of profit locked, I am happy with the result.

Off to bed now, FRIDAY TOMORROW!!!

Got in a bit late on this one, but let's see how we go.

The optimum time to enter is when the blue renko block has completed and the MACD CCI also completes in blue. Get in right at the start of the new block.

Bummer, this trade finished when my stop loss got hit. This is a good theory worthy of more attention so the testing and research continues.....nice clean charts are the goal.......

Red vs Blue signal on GBPUSD. Off we go.....

Profit locked....