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Trading with range bars ichimoku cloud & awesome oscillator

  • #2,361
  • Nov 5, 2017 1:47pm Nov 5, 2017 1:47pm
Quoting Shantala
EURUSD: I am little bit confused. Comments are welcome on this trade. {image}
Hi Shantala
can you send indicators and your template
Thanks
  • #2,362
  • Nov 5, 2017 3:43pm Nov 5, 2017 3:43pm
4fxonly, no I do not use use pivot points or fibonacci's.
  • #2,363
  • Nov 5, 2017 4:00pm Nov 5, 2017 4:00pm
CLtrader, yes I agree, but new system is not meant to replace the ichimoku system. I designed it for low volume, range bound markets. The premise being that it will provide less signals because of more stringent entry rules and thereby you will have less whipsaws in these markets.

I have been trading for 17 years and trading fulltime for almost 11, there are things I consider that are so second nature to me now they are instinctual. So I don't realize I'm not always providing all my complete thoughts.
  • #2,364
  • Nov 6, 2017 12:04am Nov 6, 2017 12:04am
Quoting rockypoint
CLtrader, yes I agree, but new system is not meant to replace the ichimoku system. I designed it for low volume, range bound markets. The premise being that it will provide less signals because of more stringent entry rules and thereby you will have less whipsaws in these markets. I have been trading for 17 years and trading fulltime for almost 11, there are things I consider that are so second nature to me now they are instinctual. So I don't realize I'm not always providing all my complete thoughts.
Hi RP, you mentioned before how a friend of yours convinced you to become a day trader and stop swing trading.If i may ask,how soon after switching did you become profitable/consistently profitable?
  • #2,365
  • Edited 2:35am Nov 6, 2017 1:40am | Edited 2:35am
Have just closed a long trade on GBPUSD and GBPCHF for a combined 22 pips.It was London breakout trading. GBPCHF broke out around 12 minutes after London open and GBPUSD broke out some minutes later. I exited because of repeated failure by price to break through another line of resistance.Until i become more and more experienced it is going to be a psychological battle for me to hold onto trades for a long time but i can see that i am improving with each trade and slowly but surely i believe i will become better and better.

PLEASE NOTE:The other chart says 25 pips.That is when i took the first screenshot but when i exited the pip count was down to 22.

EDIT about ONE HOUR later:It was a good call to close trades.Could have closed when i was 34 pips up at one point but there is no knowing what market will do.
I guess when there is no news to move markets its better to opt for smaller profits otherwise bigger guys liquidate positions when price fails to break higher/lower thereby affecting our profits.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf.jpg Size: 154 KB
Click to Enlarge Name: gbpusd.jpg Size: 157 KB
  • #2,366
  • Nov 6, 2017 2:15am Nov 6, 2017 2:15am
Quoting ichikuse
Have just closed a long trade on GBPUSD and GBPCHF for a combined 22 pips.It was London breakout trading. GBPCHF broke out around 12 minutes after London open and GBPUSD broke out some minutes later. I exited because of repeated failure by price to break through another line of resistance.Until i become more and more experienced it is going to be a psychological battle for me to hold onto trades for a long time but i can see that i am improving with each trade and slowly but surely i believe i will become better and better. PLEASE NOTE:The other...

HI Ichikuse,

can you please share the template and the indis of your chart
Thanks in advance.
  • #2,367
  • Nov 6, 2017 2:37am Nov 6, 2017 2:37am
Quoting civilpes2001
{quote} HI Ichikuse, can you please share the template and the indis of your chart Thanks in advance.
I have attached indicators and template herewith.The high-low indicator attached here has more functionality than the one in the charts posted.
Attached File(s)
File Type: tpl Default.tpl   7 KB | 398 downloads
File Type: mq4 FFCal working majors.mq4   49 KB | 391 downloads
File Type: mq4 Hig-low.mq4   21 KB | 433 downloads
File Type: mq4 SpreadIndicator.mq4   1 KB | 420 downloads
File Type: mq4 Wilders trailing stop.mq4   2 KB | 441 downloads
File Type: mq4 x2014-pipsv2.mq4   5 KB | 606 downloads
  • #2,368
  • Nov 6, 2017 3:25am Nov 6, 2017 3:25am
Quoting ichikuse
{quote} I have attached indicators and template herewith.The high-low indicator attached here has more functionality than the one in the charts posted. {file} {file} {file} {file} {file} {file}
Hi,
Do you know how to have range bars in MT4? I couldn't able to generate it in the platform and neither of your indis represent the same it seems.
  • #2,369
  • Nov 6, 2017 3:38am Nov 6, 2017 3:38am
Quoting civilpes2001
{quote} Hi, Do you know how to have range bars in MT4? I couldn't able to generate it in the platform and neither of your indis represent the same it seems.
There are many ways. here is but 1, it is an EA so put it into your experts folder and attach it to an M1 chart.
Attached File(s)
File Type: mq4 Range bars EA new format 1.mq4   16 KB | 358 downloads
Life is like a snickers, its full of nuts!
  • #2,370
  • Nov 6, 2017 3:50am Nov 6, 2017 3:50am
Quoting civilpes2001
{quote} Hi, Do you know how to have range bars in MT4? I couldn't able to generate it in the platform and neither of your indis represent the same it seems.
Sorry i forgot to attach the range bars.I use the one i have attached here and its only in ex4 format.I also have the one Firewright has attached and it works well as well.
Attached File(s)
File Type: ex4 Range barz.ex4   15 KB | 361 downloads
  • #2,371
  • Nov 6, 2017 4:34am Nov 6, 2017 4:34am
Quoting ichikuse
{quote} I have attached indicators and template herewith.The high-low indicator attached here has more functionality than the one in the charts posted. {file} {file} {file} {file} {file} {file}
  • #2,372
  • Edited 5:01am Nov 7, 2017 1:59am | Edited 5:01am
Hi rockypoint

What does it mean . Maybe explain. We can expect to downside Or ascending
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  • #2,373
  • Nov 7, 2017 4:07am Nov 7, 2017 4:07am
Hi people.Have closed a GBPJPY short trade for 20 pips.Entered aggressively because of divergence and i set a take profit at previous swing high.
(I used a template borrowed from Golden-way with the slightest of modifications.)

By the way i just wanted to share that i now use a trading journal where i post every trade and why i took it and why it failed(if the reason can be found) and what i could have done better,the positives and the negatives, as well as documenting the news days and chronicling how each piece of news moved the markets or if it was ignored.In future it will be helpful in giving me an idea of how to trade.I got the trade journal idea from babypips.com.They say its a must for traders more so new traders like me especially when you dont have a mentor physically by your side who tells you why you should or shouldn't take a trade etc.A trading journal is so hard to maintain but it is your teacher.It rebukes you when you do wrong and applauds you when you do right.Try it guys.It really helps.I also take screenshots of trades and date them for future reference.I also record videos and see how my trade is going for example i recorded last week's NFP. Screen time is important for new traders like me.Another thing is that if you are struggling or not struggling its helpful to do the babypips school of pipsology until the very end.I have done 3/4 of the education and still reading .The link is: https://www.babypips.com/learn

Happy trading!
Attached Image (click to enlarge)
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  • #2,374
  • Nov 7, 2017 5:11am Nov 7, 2017 5:11am
AHHAMiDIZ. That is a bearish divergence. its also a chart I wouldn't trade too messy, erratic price action.
  • #2,375
  • Nov 7, 2017 5:18am Nov 7, 2017 5:18am
Quoting rockypoint
AHHAMiDIZ. That is a bearish divergence. its also a chart I wouldn't trade too messy, erratic price action.
(I wouldn't trade too messy ) not good translate
whats sir ?
  • #2,376
  • Nov 7, 2017 5:41am Nov 7, 2017 5:41am
Price action is too jumpy and erratic.
  • #2,377
  • Nov 7, 2017 5:43am Nov 7, 2017 5:43am
Quoting rockypoint
Price action is too jumpy and erratic.
  • #2,378
  • Nov 14, 2017 12:19am Nov 14, 2017 12:19am
Good move on the euro. Got out early and sacrificed some profit. But a win is a win. Other euro pairs moved similarly.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud1411.PNG Size: 59 KB
  • #2,379
  • Nov 15, 2017 12:21am Nov 15, 2017 12:21am
Hi everyone.I have just closed a EURAUD trade for 21 pips taken this morning At 8 22 AM( 7 HOURS AHEAD OF ET).
The Euro has been on a rally since GERMANY prelim GDP q/q figures yesterday.I exited as price was approaching the psychological 1.56000 handle where it most likely will stall if not retrace/reverse.
Attached Image (click to enlarge)
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  • #2,380
  • Nov 15, 2017 12:38am Nov 15, 2017 12:38am
Quoting ichikuse
Hi everyone.I have just closed a EURAUD trade for 21 pips taken this morning At 8 22 AM( 7 HOURS AHEAD OF ET). The Euro has been on a rally since GERMANY prelim GDP q/q figures yesterday.I exited as price was approaching the psychological 1.56000 handle where it most likely will stall if not retrace/reverse. {image}
UPDATE TO THE EURAUD trade.Price retraced immediately after touching 1.55950.With the bullishness of the EURO i waited for price to retrace to more or less the same place where i had bought earlier and then buy.I then went long for another 12 very quick pips.The first arrow from the left on the screenshot is where price reversed.(By the way im using 8 pip range bars).Fewer but higher probability signals.Suits me as a beginner.
Attached Image (click to enlarge)
Click to Enlarge Name: Shot_010.png Size: 65 KB
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