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Trading with range bars ichimoku cloud & awesome oscillator

  • #2,821
  • Mar 19, 2018 6:33am Mar 19, 2018 6:33am
Three GBP trades today.

Rocky any advice on when you take your exits as I let a lot of ticks get away today.

However, I am always happy to book some profits as my target gain is 15 ticks.
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  • #2,822
  • Edited 8:07am Mar 19, 2018 7:45am | Edited 8:07am
Quoting Intrepidpips
{quote} The indicator simply lists out 20 pairs of your choosing and highlights those with 5 day ADR of 90 and above -default highlight colour is orange; then shows you the Average true range as at the time of viewing the chart where the indicator is loaded on. The ATR lets you decide that a pair still has room to run or may have peaked. The attached screenshot shows the pairs likely to have massive moves while showing that GBPJPY has moved 31 pips (up and down) I have not as of now started using the strength meter just working on perfecting my...
Had to run some errands and came back to find this.

Even on a higher brick size the entry was clear.

I guess it had to do with some fundamentals and the GBPJPY rally affected the GBP pairs positively
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Let it turn and find your entry.
  • #2,823
  • Edited 9:08am Mar 19, 2018 8:14am | Edited 9:08am
CJ, 1 minute, short @ 81.10
STOP @ 81.27

and the result:
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  • #2,824
  • Mar 19, 2018 8:43am Mar 19, 2018 8:43am
I say chaps -is this the sort of set up one looks for ( Long in this example) ?
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every Saint has a past. Every Sinner has a Future
  • #2,825
  • Mar 19, 2018 8:45am Mar 19, 2018 8:45am
Quoting turnip15
I say chaps -is this the sort of set up one looks for ( Long in this example) ? {image}
  • #2,826
  • Mar 19, 2018 10:44am Mar 19, 2018 10:44am
Back to getting up late today, went dancing last night with my wife again. Currently short on GBP/JPY and GBP/NZD on bearish divergences. Will post when I close.

Allan2d, you could use either the kinjun or the cloud as your support/resistance areas for closing trades which would've worked on 2 of the 3 trades.
  • #2,827
  • Mar 19, 2018 10:56am Mar 19, 2018 10:56am
Got a little lucky with the divergences don't normally get this many pips against the trend.
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  • #2,828
  • Mar 19, 2018 1:02pm Mar 19, 2018 1:02pm
Quoting rockypoint
Got a little lucky with the divergences don't normally get this many pips against the trend. {image} {image}
Awesome! Your first trade took 3 hours and the second took almost 3 hours as well! I hope i cam be that disciplined with time...! Bravo!
  • #2,829
  • Mar 19, 2018 1:04pm Mar 19, 2018 1:04pm
Quoting rockypoint
Back to getting up late today, went dancing last night with my wife again. Currently short on GBP/JPY and GBP/NZD on bearish divergences. Will post when I close. Allan2d, you could use either the kinjun or the cloud as your support/resistance areas for closing trades which would've worked on 2 of the 3 trades.
Which dance? Jarabe Tapatío?
  • #2,830
  • Mar 19, 2018 2:29pm Mar 19, 2018 2:29pm
Nope just plain old rock and roll. I am btw a lousy dancer. I'm 6'3" 240 lbs my wife is 5'1" 105 lbs, I lumber around she dances. If it makes her happy I'm all in
  • #2,831
  • Mar 20, 2018 8:06am Mar 20, 2018 8:06am
5 Trades today - 4 winners and 1 loser - Net +97 ticks
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  • #2,832
  • Mar 20, 2018 9:08am Mar 20, 2018 9:08am
Traded E/J....using break of consolidations. Two winners -the second trade frightened me out of it on the pullback. Any criticism welcomed.
Only concentrated on E/J.
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every Saint has a past. Every Sinner has a Future
  • #2,833
  • Mar 20, 2018 9:56am Mar 20, 2018 9:56am
Quoting turnip15
Traded E/J....using break of consolidations. Two winners -the second trade frightened me out of it on the pullback. Any criticism welcomed. Only concentrated on E/J. {image}
Looks good......i think..........
  • #2,834
  • Mar 20, 2018 9:57am Mar 20, 2018 9:57am
Quoting Allan2d
5 Trades today - 4 winners and 1 loser - Net +97 ticks {image} {image} {image}
Well done.How exactly do u use the Moving Av diff indi?
  • #2,835
  • Mar 20, 2018 10:34am Mar 20, 2018 10:34am
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  • #2,836
  • Mar 20, 2018 11:40am Mar 20, 2018 11:40am
Quoting ichikuse
{quote} Well done.How exactly do u use the Moving Av diff indi?


Hi ichikuse

For many years I have trend traded stocks using Daryl Guppy’s multiple moving averages [GMMA] approach.
In his method he equates a set of short term moving averages to “traders” and a set of long term moving averages to “investors” and it is the relationship, and the expansion/contraction, of these different groups of averages that underlines his method.
The moving average difference indicator on my charts is a nod to using GMMAs for so long that they are like an old friend so that if they were not on my chart in some form I would miss them.
The solid bars are the difference between the 30 and 60 EMAs and give an indication of the underlying trend. And the line is the difference between the 3 and 21 EMAs and gives an indication of the short-term movement in price.
I use Sierra Charts for my charting software that makes it easy to create these simple indicators.

However, as you are aware my moving average differences are not really required for Rocky’s excellent approach.

The Awesome oscillator itself is, of course, derived from the relationship between two sets of SMAs.
  • #2,837
  • Mar 21, 2018 5:00am Mar 21, 2018 5:00am
Quoting Intrepidpips
{quote} Had to run some errands and came back to find this. Even on a higher brick size the entry was clear. I guess it had to do with some fundamentals and the GBPJPY rally affected the GBP pairs positively {image} {image} {image}
Hi, Love Your setup, could You please share / attach package with your template and indicators ? which indi are u using for rangebars ?

thanks in advance
greetings
  • #2,838
  • Mar 21, 2018 7:12am Mar 21, 2018 7:12am
Quoting Allan2d
5 Trades today - 4 winners and 1 loser - Net +97 ticks {image} {image} {image}

Hi Allan,

Very nice trades. Just some questions as i am a new learner here to this thread, It looks like MT4 you are using, but your charts looks very nicely set up. Are those actual range bars you are using for mt4? Mine sharing your indicators and template to have my chart look exactly like yours in mt4? I can't seem to get much success with the other range bar indicators as they require some tweaking and having to keep offline charts opened. Thanks!
  • #2,839
  • Mar 21, 2018 10:12am Mar 21, 2018 10:12am
Did not like the way charts have set up today, so no trades, instead breakfast then a ride to las conchas for some kite boarding and fresh oysters for lunch.
  • #2,840
  • Mar 21, 2018 11:24am Mar 21, 2018 11:24am
yes very slow and not deciding day!
took some left some!
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i have a proposal guys...
how about RP in beginning of his day after tossing the ugly ones ... announce here just what charts he has on his watch... so we all watch the same chart ,
a lot of question coms about how to use power indi or how to recognize tradble charts etc... this way all can master it in a very shorter time
and dont think it would take RP s time more than 1 or 2 minute to make it

whos with me....?
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