Trading with range bars ichimoku cloud & awesome oscillator

I thought you'd trade NU or GN today, after the USD News.

Lots of nice moves for london traders today, less so for NY but a good day thanks to NZD.

hi rocky..

i wanna ask some question..
when i open on ny open.. i saw strenght was on euro


what makes this op failed??
1. there is some room for consolidation.
2. euro was strong.
3. ao cros zero and i enter after clear break..

need your opinion for my entry..
and how come you can pick nzd pair.. by the time nzd not to weak or strong??
thx rocky i appreciate it.

Hey Peezeroo,

The Eur was showing strength but so was Cad, both were on positive side of power indicator therefor you are probably going to se the pair rangebound.

Nzd showed some weakness in my time frame and Eur, Gbp and Cad still showing strength so I looked for entries on those pairs.

thx rocky..

what time frame that you observe by the time?

I always look at 4 hr. 1hr and 15 min

Dude, seriously...
"Never Trade Ugly Charts"
--Bill Poulos

Nice moves on GBP pairs but the initial move too fast to catch so wound up passing on chasing trades, did find a great reversal trade on NASDAQ futures just closed and I'm done for the day.

Hey RP, How is it going long time since I have been here. Are you plotting a couple of RSI indicators over the original on yesterdays chart? Looks interesting for sure. Hope all is well.

Kthrapp Hey Dude long time! Yes above chart has 3 overlayed RSI's 3, 14 and 34 looking for all 3 to come to sharp point at Bottom or top then look for reversals on the ab ove chart also got a bullish divg. which usually gives a larger reversal.

Kind of flat for me today, so just scalped the GBP/JPY which I think is the most volatile of the major pairs. 6 trades 5 winners and 1 loser

Silly question but I assume the the all three RSI's are based on price of the range bars, not the last two being based on the original RSI indicator. See if my software will let me over lay an RSI with another RSI. E-Signal can kind of picky about that. A moving average or bands would do it easily.

I had a pretty flat day myself. So playing with my charts.

Yes your assumption is correct.

Dwe123 how is your chat room going?

There are about a dozen registered traders, and occasional drop-ins. Generally, there are two of us there. I'm usually there for NY and the other guy is usually there for London and part of NY. We would be glad to have more people join us to help in spotting good set-ups, currency strength changes, good exits, and for just for chatting when it's slow. We're primary trading 5 minute charts with timed-candles, using Rocky's Rules. Come join us!

Hi! I like to particpate, but Im having a hard time setting up range bar charts in MT4. Besides, I am new to MT4. I don't get the idea behind offline charts. It seems range bars need to be running on those offline charts. I can't the see the logic though. When I switched my computer on today, I noticed price had stalled on the range bar chart, where I switched of my computer yesterday. Do I need my computer up and running 24/7 in order to trade from range charts? Im confused. Attached the ea I am trying to install.

Any ideas? Thanks in advance for any input. Many pips to you,

BT

Stopped trading awhile ago forgot to post 1 trade small pretty flat and or ugly charts today.

Woke up early so decide tradesd to try trading not expecting much, wound up with 4 trades 2 small fx and 2 nice soy bean trades.

Rocky,
Nice trades on a quiet day! Why didn't you trade EJ short (~128.34) 1.5 hours before USD news today? ....also UJ short at about the same time, too.

The only reason I can see is that both trades are against a longer-term strong UP trend.

Also, for USD news releases (except NFP) I've been setting Stop Orders on either side of good consolidation on UJ. After the News Release price seems to move either: 1) not at all or 2) in only one direction for at least +10 pips. What are you thoughts on setting Stop orders on UJ if it is well consolidated, 5-10 pips away from price, just before a News Release?