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Trading with range bars ichimoku cloud & awesome oscillator

  • #2,641
  • Feb 26, 2018 9:02am Feb 26, 2018 9:02am
RP,

You got some losers in there you can post? Would be beneficial to see the full sequential string of winners/losers to see you managing your losses with this system.

Thanks!
  • #2,642
  • Feb 26, 2018 9:45am Feb 26, 2018 9:45am
I was able to reproduce RP's GBPJPY trade!
I also closed the trade at 149.30, and shorted at 149.75.

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Yet one swallow doesn't make a summer. I still have much to learn. Long journey ahead.

My GBPUSD trade was executed poorly... shorted at 7am at 1.4046 and closed at 1.4037.
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  • #2,643
  • Feb 26, 2018 10:35am Feb 26, 2018 10:35am
Quoting rockypoint
{image}{image}{image}
Hi Rocky, nice trades, mind if I ask a question? Do you pay attention to higher TF? Because on the higher TF price was inside the Kumo or in a counter trend.

best regards
thinking outside the box
  • #2,644
  • Feb 26, 2018 1:02pm Feb 26, 2018 1:02pm
Nope I'm not a multi time frame trader, pretty much just look at previous 4 hours from where I start trading each day. I'm simple minded, so i like simple systems.

1) Price on right side of cloud
2) AO on right side of zero line
3) Price action breaks S?R
4) make trade.

Obviously a little over simplified but not by much.
  • #2,645
  • Feb 26, 2018 1:45pm Feb 26, 2018 1:45pm
Quoting CLTrader
RP, You got some losers in there you can post? Would be beneficial to see the full sequential string of winners/losers to see you managing your losses with this system. Thanks!
It will not help you. You have to get up close to the rock face, like others here, and get your hands dirty. Theory is one thing but the real learning comes when you actually trade.
every Saint has a past. Every Sinner has a Future
  • #2,646
  • Feb 26, 2018 3:46pm Feb 26, 2018 3:46pm
Quoting rockypoint
Nope I'm not a multi time frame trader, pretty much just look at previous 4 hours from where I start trading each day. I'm simple minded, so i like simple systems. 1) Price on right side of cloud 2) AO on right side of zero line 3) Price action breaks S?R 4) make trade. Obviously a little over simplified but not by much.
Thanks mate! Really helpful
thinking outside the box
  • #2,647
  • Feb 27, 2018 3:53am Feb 27, 2018 3:53am
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  • #2,648
  • Feb 27, 2018 5:54am Feb 27, 2018 5:54am
Quoting dwe213
The bottom is CCI, 20-period, with a fat center line. I got only half of the EJ trade, but wanted to post them to show there's sometimes good movement late in the day.
I will try it. It seems it will help me stay in the trades longer. Tnx
  • #2,649
  • Feb 27, 2018 9:14am Feb 27, 2018 9:14am
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  • #2,650
  • Feb 27, 2018 9:50am Feb 27, 2018 9:50am
Quoting rockypoint
{image}{image}
Beautiful--spotting and holding those two trades in such chop!
  • #2,651
  • Feb 27, 2018 12:46pm Feb 27, 2018 12:46pm
Almost had an RP trade this morning:
EURUSD: shorted at red dot, closed at purple dot
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  • #2,652
  • Feb 28, 2018 3:43am Feb 28, 2018 3:43am
Quoting rockypoint
I know nothing about AMP, actually never heard of them before. An in answer to another question, yes I will sometimes change the size of range bars(not very often on FX usually to 25 pips on a slow chart that looks like a set up I like) mostly on futures where instead of 5 I'll change to atr. I would guess about 60% of my trades have something to do with fx power ind. but again I don't choose pairs just at which currency looks weakest/strongest.
hello rockypoint, I've been reading the thread and just have one question. When changing the size of the range bar to atr, average true range of what time frame? and how many periods?

I've been trading this system a little while now ( just with the 5 pip range bars) and I like it a lot. I'll start posting some of my trades soon.

Thank you for sharing.
  • #2,653
  • Edited 9:41am Feb 28, 2018 9:29am | Edited 9:41am
Slept-in and missed the big G moves two hours before NY opened.
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  • #2,654
  • Feb 28, 2018 9:36am Feb 28, 2018 9:36am
Missed the big gbp moves, so caught some scalping moves and earned a little dinero, now I quit.
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  • #2,655
  • Feb 28, 2018 10:19am Feb 28, 2018 10:19am
My only decent trade today was EURCAD (went long at green dot, closed at purple dot)
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  • #2,656
  • Feb 28, 2018 10:37am Feb 28, 2018 10:37am
Quoting rockypoint
Missed the big gbp moves, so caught some scalping moves and earned a little dinero, now I quit. {image} {image} {image}
Took the same UC trade, however entered on this EU short that backfired causing -15pips, anything I'm missing about this one RP? Why did you skipped this one? please comment.

PS: Please disregard the active sell trade, is based on Ichimoku from H4.

best regards
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thinking outside the box
  • #2,657
  • Feb 28, 2018 1:42pm Feb 28, 2018 1:42pm
There is a bullish divergence formed on the ao.
  • #2,658
  • Feb 28, 2018 4:00pm Feb 28, 2018 4:00pm
Quoting rockypoint
There is a bullish divergence formed on the ao.
Damn, now I see...thanx mate
thinking outside the box
  • #2,659
  • Feb 28, 2018 10:34pm Feb 28, 2018 10:34pm
Quoting rockypoint
There is a bullish divergence formed on the ao.
there's also a bullish divergence formed on the AO in you cable trade, but that didn't stop you getting into that one?
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  • #2,660
  • Feb 28, 2018 11:39pm Feb 28, 2018 11:39pm
Quoting BubaYaga
{quote} there's also a bullish divergence formed on the AO in you cable trade, but that didn't stop you getting into that one? {image}
If I am not mistaken, I think RP waited not just for the price breakdown (on the price graph), but also for the AO to break down(on the indicator histogram) as well, before entering this trade (and most trades). This trade in particular, happened at around 10am NY time. I saw it too, but didn't take it because the short entry price was 1.3805, which was way too close to the round number 1.3800. I was told/taught (and perhaps incorrectly) that round numbers are natural support and resistance numbers, and I didn't want to go short in front of natural support. Again, I could have been dead wrong with my observation, and am ready to stand corrected.
Similarly, I saw RP's long trade on USDCAD at 1.2785 as well, at around 8:05am, but didn't take it as it was too close to 1.2800 (natural resistance, I thought, incorrectly). Turned out in both cases, round numbers did not deter the market from trending.
Just my $0.02.
Red dot above: price breakdown
Red dot below: AO breakdown
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