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Trading with range bars ichimoku cloud & awesome oscillator

  • #2,761
  • Mar 13, 2018 9:31am Mar 13, 2018 9:31am
Catch the gbp/cad pairs...........
+91 Pips
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  • #2,762
  • Edited 9:56am Mar 13, 2018 9:34am | Edited 9:56am
Again catch trend of gbp/cad
still running.........
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  • #2,763
  • Mar 13, 2018 9:46am Mar 13, 2018 9:46am
Quoting rafibd
Again catch trend of gbp/cad still running......... {image}
Nice trade.. I don't like to trade pairs that the news is gonna hit them...Maybe that is a mistake.
Are you using Renko,if so what is the brick size?
  • #2,764
  • Mar 13, 2018 9:53am Mar 13, 2018 9:53am
Quoting Gbdaja
{quote} Nice trade.. I don't like to trade pairs that the news is gonna hit them...Maybe that is a mistake. Are you using Renko,if so what is the brick size?
yes it is renko. Box size 5
  • #2,765
  • Mar 13, 2018 9:57am Mar 13, 2018 9:57am
Quoting rafibd
{quote} yes it is renko. Box size 5
Ok thought sou.. TNX
  • #2,766
  • Mar 13, 2018 9:57am Mar 13, 2018 9:57am
Quoting rafibd
Again catch trend of gbp/cad still running......... {image}
Close 9 pips
  • #2,767
  • Mar 13, 2018 10:25am Mar 13, 2018 10:25am
Good to see a lot of posting on the thread, heres 3 trades 2 still open
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  • #2,768
  • Mar 13, 2018 10:26am Mar 13, 2018 10:26am
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  • #2,769
  • Mar 13, 2018 10:34am Mar 13, 2018 10:34am
Last 2 done for the day, really great day. I am going to anticipate question of why did I stay in the eur/cad trade. Very simple I lost track of the trade, really shoud have closed earlier.
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  • #2,770
  • Mar 13, 2018 10:48am Mar 13, 2018 10:48am
Hi Rocky, It seems like I'm always on the wrong side of the trade, while you are picking 100's of pips I'm taking 5 or 6 consecutive losses on entries that I'm not sure what is wrong. I marked a few of your charts with entries that I made, could please tell me why they're not good?
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thinking outside the box
  • #2,771
  • Mar 13, 2018 11:23am Mar 13, 2018 11:23am
Because I didn't start trading till 6am. Going back and looking at charts again, both pairs were kind of drifting up slightly no real strength/weakness showing.
  • #2,772
  • Mar 13, 2018 12:25pm Mar 13, 2018 12:25pm
does anyone have a pic of power indicator from the US opening time ?
  • #2,773
  • Mar 13, 2018 2:47pm Mar 13, 2018 2:47pm
Quoting rockypoint
Because I didn't start trading till 6am. Going back and looking at charts again, both pairs were kind of drifting up slightly no real strength/weakness showing.
Hi Rocky... Just want to ask about today's trades.. I was looking at two cad pairs and so your entries but they were about 5 min. before the news and was just wondering how come you tooke the trades or should i say how come you ignored the news?
  • #2,774
  • Mar 13, 2018 2:48pm Mar 13, 2018 2:48pm
Quoting Mercennary
Hi Rocky, It seems like I'm always on the wrong side of the trade, while you are picking 100's of pips I'm taking 5 or 6 consecutive losses on entries that I'm not sure what is wrong. I marked a few of your charts with entries that I made, could please tell me why they're not good? {image} {image}
U need to be careful with counter trend trades.The trades you are pointing out are counter trend and today they were especially dangerous because if you zoom out range charts or look at time charts, cad was on the back foot and several pairs had broken up above the ichimoku cloud on h1 charts and eurcad had just broken above the 100 ema(it had been under it since 8 march) thats why cad crosses were very bullish today.Always zoom out a chart and try to trade with the trend till u master counter trend trending...SEE charts attached. EURCAD was going up at lightning speeds.U can always check direction with time charts, i filter trades with a 14 ema 50 ema 200 ema chart.When price is above the 14 ema i try to buy only and vice versa.In the chart attached the 14 ema is the blue line.In today's case that would make me look for longs only.Counter trades are fine but they need expertise and i dont have it yet like RP.RP is not bothered by time charts like me bcoz hes been doing this for years,around 20 yrs or so!!!
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  • #2,775
  • Mar 13, 2018 2:51pm Mar 13, 2018 2:51pm
Quoting golden-way
does anyone have a pic of power indicator from the US opening time ?
Sorry i dont have..........
  • #2,776
  • Mar 13, 2018 3:09pm Mar 13, 2018 3:09pm
Quoting ichikuse
{quote} Sorry i dont have..........
i didnt check the indicator today but on charts cad didnt seem that weak!
did you check it then? how was it?
  • #2,777
  • Mar 13, 2018 3:44pm Mar 13, 2018 3:44pm
Quoting ichikuse
{quote} U need to be careful with counter trend trades.The trades you are pointing out are counter trend and today they were especially dangerous because if you zoom out range charts or look at time charts, cad was on the back foot and several pairs had broken up above the ichimoku cloud on h1 charts and eurcad had just broken above the 100 ema(it had been under it since 8 march) thats why cad crosses were very bullish today.Always zoom out a chart and try to trade with the trend till u master counter trend trending...SEE charts attached. EURCAD...
Thanks mate, very insightful as usual
thinking outside the box
  • #2,778
  • Edited 7:12pm Mar 13, 2018 6:59pm | Edited 7:12pm
Not your typical heres the numbers news release, its a speech where text is released 15 mins. prior to the actual speech so even though its marked red i consider it
less than that orange maybe. You can see from p/a that its did not shoot straight up it ambled around a little first b4 moving, so with tight stops should be fine, also limit trades to 1 lot instead of usual 2-5 lots

Mercennary, charts were setting up the way I like, movement followed by nice period of consolidation.

Don't know how familiar you are with bollinger bands, but I look for trades where bb's are pinching(squeezing) just don't need bbs to see it, see the pix.
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  • #2,779
  • Mar 14, 2018 1:33am Mar 14, 2018 1:33am
Quoting golden-way
does anyone have a pic of power indicator from the US opening time ?
I checked Cad strength on a different strength indi and it shows that Cad was weak indeed and began losing strength before london session..I dont use this strength indicator.I just looked for it now to see the historical data.
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  • #2,780
  • Mar 14, 2018 1:37am Mar 14, 2018 1:37am
Quoting Mercennary
{quote} Thanks mate, very insightful as usual
I thot i shud add that RP's style has lots of trading bothways(trend and counter) since price always comes down /up after going the opposite direction, so let us countertrade as well with proper confirmation and reading of price action.RP counter trades when the price action breaks down etc... lets look for all the confirmation..
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