Trading with range bars ichimoku cloud & awesome oscillator

Quoting dwe213

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{quote} I gave the trade about a 55 pip Stop loss, knowing the CAD news would be out soon. I stayed in the trade because: 1) oil had been climbing steadily that day, ad has been trending stronger. 2) CAD had been strong that day. 3) The downtrend had been reliable for the past several hours. 4) The 15 min. top was rounded. 5) The last 2-3 five min. candles were showing a peak and starting a swing back down 10-15 minutes before the news came out. 6) More often than not the CAD news I've traded has moved in a single direction when the news is released....

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Quoting ichikuse

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Hi guys! I am excited to post my first results ever after i came across this awesome thread about a month or so ago! I used the power indicator and noticed that AUD was on the backfoot and the fact that the RBA statement was dovish helped make the trades highly probable.I took the trades at about ten minutes after London open. My local time is only one hour ahead of London. I made 20 pips on EURAUD and 23 pips on GBPAUD in ABOUT ten minutes! RP thanks for sharing this!As for my charts i like to incorporate the 200 EMA because it really helps me...

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Quoting civilpes2001

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{quote} Hi, Could you please tell me which time frame you are using to check the strength of the currency, is it 4hr, 1hr or 15min.??

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Quoting rockypoint

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Hello to everyone. Have had an old friend living with me, while i'm teaching him to scalp for extra income. Its been 2 weeks and next week will be the last. Its gone well and he's been averaging 100usd a day profit. Not major bucks but adding it to social security and a small pension makes life easier. Anyway since I haven't been teaching him the system on this thread I haven't been posting anything, plus time of year makes scalping easier. Should get back to normal after Labor Day.

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Quoting rockypoint

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A couple of people have asked for example of scalping method I'm teaching my friend. So here it is, just note that this chart was by far the best trading day he had. he was able to to keep his win rate at 70% and averaged 11 pips per win and 4 pips per loss. the chart should speak for itself as far as rules go, if anyone has questions feel free to ask. {image} {image}

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Quoting rockypoint

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A couple of people have asked for example of scalping method I'm teaching my friend. So here it is, just note that this chart was by far the best trading day he had. he was able to to keep his win rate at 70% and averaged 11 pips per win and 4 pips per loss. the chart should speak for itself as far as rules go, if anyone has questions feel free to ask. {image} {image}

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Quoting Solomadjan

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{quote} What period of RSI we can use in mt4, it has only one period instead of three in TOS?

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Quoting Solomadjan

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{quote} What period of RSI we can use in mt4, it has only one period instead of three in TOS?

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Quoting ichikuse

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MT4 users like me if you need a color changing RSI as RP's you may try the one attached here.It seems to be working well.Try it. {file}

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Quoting chaveznqoos

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{quote} 45 and 55 are the levels of the RSI--- {image}

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Quoting ichikuse

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{quote} Hi Solo,change the default 14 value to 8 as in RP's chart and then add the 45 and 55(by altering the default 30 and 70) as shown by Chavez {image}

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Quoting turnip15

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Trying to set up Range Bars on MT4 !! Got the offline chart but it is dead -does not update in line with one minute chart? What am I doing wrong ?? Thanks for any help. EDIT..MT4

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