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Trading with range bars ichimoku cloud & awesome oscillator

  • #2,741
  • Mar 10, 2018 3:43am Mar 10, 2018 3:43am
Quoting Mercennary
{quote} Great explanation, thank you for taking the time to help me out mate, however one question comes in my mind, I see many examples where RP enter after a trendline break and others where he enter after a support or resistance break, but how does one decide between one or another? One is more aggressive other more conservative.
As i understand and trade you trade the trend lines when you go against the trend ( aggressive entry ) and S/R when you go with the trend.
  • #2,742
  • Mar 10, 2018 6:19am Mar 10, 2018 6:19am
Quoting Mercennary
{quote} Great explanation, thank you for taking the time to help me out mate, however one question comes in my mind, I see many examples where RP enter after a trendline break and others where he enter after a support or resistance break, but how does one decide between one or another? One is more aggressive other more conservative.
I think you should always enter on the break of a trend line or support/resistance lines as long as you believe the trade is a high probability trade.The choice of which one to take depends on where it is occurring.In any case trend lines represent dynamic support and resistance.For example, if you enter on a break but against the overall trend then your reward may be a few pips whereas when you enter a break in line with the overall trend then the reward is usually bigger.Always look at charts from left to right to see what has been happening in the past few hours, say 4 hours as Rp does.Always establish the overall trend first so that when a break occurs you know if its a trend trade or counter trend trade so that if its say, a counter-trend trade then you need to enter aggressively because that trade is just part of a minor retracement(profit taking) and price might soon turn against you.When Rp starts trading he says he zooms out a chart and sees if the price action is ugly or not.This also helps to check overall higher time frame trend.The Eurcad chart attached here shows obvious downtrend.
The hardest thing although the safest is to just look for shorts and never longs in this chart unless you are an experienced trend/counter trend trader.
Zooming in helps us to see that in the chart there is a rising trend line that has been rising for about 11 hours! This is a retracement and many traders are watching it and looking to sell high, which they did when the trendline finally broke.I hope this helps.RP can shade more light on your question.
Attached Image (click to enlarge)
Click to Enlarge Name: Trend EURCAD.png Size: 132 KB
  • #2,743
  • Mar 10, 2018 10:57am Mar 10, 2018 10:57am
Good explanation Ickihouse, I'll chime in later. Wife and I were out late dancing.
  • #2,744
  • Mar 10, 2018 12:47pm Mar 10, 2018 12:47pm
Quoting ichikuse
{quote} I think you should always enter on the break of a trend line or support/resistance lines as long as you believe the trade is a high probability trade.The choice of which one to take depends on where it is occurring.In any case trend lines represent dynamic support and resistance.For example, if you enter on a break but against the overall trend then your reward may be a few pips whereas when you enter a break in line with the overall trend then the reward is usually bigger.Always look at charts from left to right to see what has been happening...
Thank you Sir for your patience. Very Nice explanation
thinking outside the box
  • #2,745
  • Mar 12, 2018 8:20am Mar 12, 2018 8:20am
Today's trades... Some mistakes were made but getting there.. feedback appreciated
Purple S/R
Yellow - Entry
Red - Out with loss
Green - Out with profit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud sell.PNG Size: 71 KB
Click to Enlarge Name: eurusd sell.PNG Size: 66 KB
Click to Enlarge Name: gbpjpy buy.PNG Size: 64 KB
Click to Enlarge Name: GBPUSD Buy.PNG Size: 59 KB
Click to Enlarge Name: usdjpy buy.PNG Size: 62 KB
  • #2,746
  • Mar 12, 2018 8:53am Mar 12, 2018 8:53am
Quoting Gbdaja
Today's trades... Some mistakes were made but getting there.. feedback appreciated Purple S/R Yellow - Entry Red - Out with loss Green - Out with profit {image} {image} {image} {image} {image}
Hi mate, just gonna give you my two cents and also pinpoint something that was a MAJOR A-HA moment for me today, I hope it shed some light for us since I believe the entire point is helping each other, at least thinking this way made me realize how elementary late to the party I was when entering trades, and why RP have such a outstanding WR and R:R equation.
After going thru a few books on the subject of Ichimoku Trading Strategy, reading the thread, and going thry my own charts to study possible errors, I realized one simple detail that is the core of the Ichimoku Strategy, its something that believe RP know by instinct and if you go back to his chart you'll see it as well. There are a few ways to enter trade according to the intel I've studied, 1)Based on the cloud break, 2)Based on the Kijun Sen retrace and Break (there are other ways both for the purpose of RPs way of trading its irrelevant, like the Chikou break entry, and Tenkan Kijun cross, we don't even use the chikou and the tankan), so the close we can get to the trade based on this core approaches the better for us, things like S/R and AO are our confirmation. Take a look at your charts, the ones that shows profit are the ones close to the Cloud break or Kijun break, with the AO in the right side, and after a S/R price action confirmation break. This gives us the best chance to BE the trade and ride the wave. The farther we get to enter after the core signal the weaker our edge in the trade.

hope it makes sense, and if I stated something that is obvious please forgive me.
thinking outside the box
  • #2,747
  • Mar 12, 2018 9:12am Mar 12, 2018 9:12am
Quoting Mercennary
{quote} Hi mate, just gonna give you my two cents and also pinpoint something that was a MAJOR A-HA moment for me today, I hope it shed some light for us since I believe the entire point is helping each other, at least thinking this way made me realize how elementary late to the party I was when entering trades, and why RP have such a outstanding WR and R:R equation. After going thru a few books on the subject of Ichimoku Trading Strategy, reading the thread, and going thry my own charts to study possible errors, I realized one simple detail that...
Hi.. No not at all i do now what you wrote to be true but i really didn't look at it that much. i just looked at the cloud is it on on or the other side but i just went thru the trades and looked at smoe of RP trades and i can see that i could have entered some trades early and some not at all.. so thanks it really helped to remind me to look at the cloud for all that is is showing.
  • #2,748
  • Mar 12, 2018 9:30am Mar 12, 2018 9:30am
Quoting Mercennary
{quote} Hi mate, just gonna give you my two cents and also pinpoint something that was a MAJOR A-HA moment for me today, I hope it shed some light for us since I believe the entire point is helping each other, at least thinking this way made me realize how elementary late to the party I was when entering trades, and why RP have such a outstanding WR and R:R equation. After going thru a few books on the subject of Ichimoku Trading Strategy, reading the thread, and going thry my own charts to study possible errors, I realized one simple detail that...
Thanks for the reminder! I have been overlooking that although i studied it somewhere during this never ending quest to trade successfully.
Makes total sense because of the rubber band effect which causes price to always come back to the cloud at some time,also called mean reversion.
It seems when you enter further away from the cloud, as u put it, profit potential decreases! Thanks mate!
  • #2,749
  • Mar 12, 2018 9:41am Mar 12, 2018 9:41am
Quoting ichikuse
{quote} Thanks for the reminder! I have been overlooking that although i studied it somewhere during this never ending quest to trade successfully. Makes total sense because of the rubber band effect which causes price to always come back to the cloud at some time,also called mean reversion. It seems when you enter further away from the cloud, as u put it, profit potential decreases! Thanks mate!
Yes, the entire point of Ichimoku is equilibrium.
thinking outside the box
  • #2,750
  • Mar 12, 2018 10:15am Mar 12, 2018 10:15am
Morning people not trading today, just mostly sideways movement some trades available on GBP pairs earlier(5am MY time) but I wasn't up;.

Gbdaja decent trades, but as I stated above a generally soso trading day so good results.

Mercennnary, very good point!
  • #2,751
  • Mar 12, 2018 10:22am Mar 12, 2018 10:22am
Quoting rockypoint
Morning people not trading today, just mostly sideways movement some trades available on GBP pairs earlier(5am MY time) but I wasn't up;. Gbdaja decent trades, but as I stated above a generally soso trading day so good results. Mercennnary, very good point!
Hi Rocky... Thanks
I did notice that there was no real movement but when i was already in the trades. So was just wondering did you just look at the charts or did the winner ind help ?
  • #2,752
  • Mar 12, 2018 10:40am Mar 12, 2018 10:40am
Quoting rockypoint
Morning people not trading today, just mostly sideways movement some trades available on GBP pairs earlier(5am MY time) but I wasn't up;. Gbdaja decent trades, but as I stated above a generally soso trading day so good results. Mercennnary, very good point!
Rocky, same question as Gbdaja, I've got whipsawed all over the place, how do realized It was a sideways day?
thinking outside the box
  • #2,753
  • Mar 12, 2018 11:04am Mar 12, 2018 11:04am
Just a quick look at charts and power ind. when I looked at power ind there was no movement much more than 10 pips then looking at charts showed the gbp pairs movement earlier which i missed and everything after that was kind of erratic back and forth.

One big mistake traders make is that if they sit down to trade, then damnit they are going to trade and usually that doesn't work out too well.
  • #2,754
  • Mar 13, 2018 5:39am Mar 13, 2018 5:39am
Hey Guys, i am lurking from the side lines for quiet some time now, i think today there where some great moves for the jpy pairs, these delivered me 60+ pips, my target more than reached. for days like this the system is great. For me it is difficult to copy RP's charts because i don't use TOS. does anyone have any suggestions but only not for metatrader, i really dont like it! I think i will try with JFOREX. It was a great morning, i hope you guys did an owesome job. Thanks everybody for this great thread. I really enjoy to follow it
  • #2,755
  • Mar 13, 2018 5:50am Mar 13, 2018 5:50am
Quoting Patje
Hey Guys, i am lurking from the side lines for quiet some time now, i think today there where some great moves for the jpy pairs, these delivered me 60+ pips, my target more than reached. for days like this the system is great. For me it is difficult to copy RP's charts because i don't use TOS. does anyone have any suggestions but only not for metatrader, i really dont like it! I think i will try with JFOREX. It was a great morning, i hope you guys did an owesome job. Thanks everybody for this great thread. I really enjoy to follow it
Hi.Indeed the has jpy pairs moved nicely but i missed them all because of my full time job! One day, when i start notching up pips like Rp,it will be time to go full time .
As for charts, i use MT4 ,so i have nothing to help with unfortunately...Well done,please post charts of trades you took.They motivate us all...
  • #2,756
  • Mar 13, 2018 6:08am Mar 13, 2018 6:08am
Quoting ichikuse
{quote} Hi.Indeed the has jpy pairs moved nicely but i missed them all because of my full time job! One day, when i start notching up pips like Rp,it will be time to go full time . As for charts, i use MT4 ,so i have nothing to help with unfortunately...Well done,please post charts of trades you took.They motivate us all...
Hey i will try to upload later, i am also on my day job, and i have the same desire like you and many others around here to give up my day job, but not yet If i can and my boss doesn't watch i try to trade or watch the charts the most of the day or inbetween. Thanks guys have a great day
  • #2,757
  • Edited 8:31am Mar 13, 2018 8:12am | Edited 8:31am
Managed 25 pips,bought gold just after the USD cpi news.
Attached Image (click to enlarge)
Click to Enlarge Name: xau.PNG Size: 105 KB
  • #2,758
  • Mar 13, 2018 8:41am Mar 13, 2018 8:41am
nice trade ichikuse
is that Range bars ? why the size of candles are different ?
  • #2,759
  • Mar 13, 2018 8:58am Mar 13, 2018 8:58am
Quoting golden-way
nice trade ichikuse is that Range bars ? why the size of candles are different ?
They are range bars indeed.I do not choose the "gap" setting to leave gaps when the market makes a quick move(eg news) thats why its like that and those long bars formed after the news.
  • #2,760
  • Mar 13, 2018 9:00am Mar 13, 2018 9:00am
Market isn't really moving much today.. Nice jpy trades on the London session but i missed them.. So tomorrow is another day
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