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Trading with range bars ichimoku cloud & awesome oscillator

  • #2,861
  • Mar 22, 2018 5:05am Mar 22, 2018 5:05am
Quoting benjamintoh8
{quote} 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!
Hi benjaminto8

I do not use MT4, my charts are created using Sierra Charts which supports many different "bar period types" including Range Bars.
The charting capabilities are in my opinion are awesome. However, I do pay a subscription for real time FX data feed.

Check out their web site www.sierrachart.com
  • #2,862
  • Mar 22, 2018 7:10am Mar 22, 2018 7:10am
Did this two trades as well was already in before the news with small profit so just moved the stop to BE and got +79 pips.
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  • #2,863
  • Mar 22, 2018 7:29am Mar 22, 2018 7:29am
Quoting Allan2d
{quote} Hi benjaminto8 I do not use MT4, my charts are created using Sierra Charts which supports many different "bar period types" including Range Bars. The charting capabilities are in my opinion are awesome. However, I do pay a subscription for real time FX data feed. Check out their web site www.sierrachart.com
thanks Allan I'll check it out !
  • #2,864
  • Mar 22, 2018 7:58am Mar 22, 2018 7:58am
The last trade for today.
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  • #2,865
  • Mar 22, 2018 9:10am Mar 22, 2018 9:10am
Got up late, as I warned I'm sleeping erratically now, seasonal change in temperature and humidity screw up my sinuses. Usually takes about 2 weeks for them to adjust. eur/aud. gbp/nzd,gbp/cad & nzd/cad out.
  • #2,866
  • Mar 22, 2018 10:03am Mar 22, 2018 10:03am
4 quick trades on 2 pairs.
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  • #2,867
  • Mar 22, 2018 11:46am Mar 22, 2018 11:46am
Quoting Lupus29
{quote} 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
I do not use range bars, I use Point Original Bars Chart (or Point O Chart) then also Median Renko they are all Offline charts.
I vary between 3 pips to 5 pips and use MT4.
The Ichie settings are 9,16,26 Nothing new really, I am still trying to perfect choice of pairs but I am not online most of the trading day.

The ADR/ATR Indie and settings has already been posted. the Awesome 4 color indie is also on this thread.

For all it's worth I will upload the 1 minute and offline chart templates.
Attached File(s)
File Type: rar ICHIMOKU.rar   404 KB | 556 downloads
Let it turn and find your entry.
  • #2,868
  • Mar 22, 2018 1:17pm Mar 22, 2018 1:17pm
Quoting ichikuse
{quote} No, RP has not changed the settings.They are still 9-16-52.However, RP trades on the thinkorswim platform where he doesnt have to create offline charts since range bar charts are already included in the system.So, when we create MT4 charts using 9-16-52,the cloud tends to be too thick compared to RP's cloud.So, through changing settings i have personally decided to use 9-16-26 as i feel that with these settings the cloud comes very close to resembling the layout of RP's charts. I first copied Golden-way's 9-16-34 but i later decided to stick...
Thanks Itch. I have posted my Euro chart showing altered setting. Great day on Euro today.
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every Saint has a past. Every Sinner has a Future
  • #2,869
  • Mar 22, 2018 5:22pm Mar 22, 2018 5:22pm
I want to give everyone a heads up from 3/26 till 4/2 probably won't be posting(maybe a little). Down here in mexico that is Semana Santa the biggest holiday of the year when our sleepy beach town goes from 50k people to close to 200k for the week. The partying starts on 3/26 and by the 28th will be going 24/7. We are still deciding whether to hole up and stay or hit the road cause it will get loud! First picture is of playa hermosa which is my beach second is the malecon. Most days you
might see 200 people on the beach weekends maybe 500.
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  • #2,870
  • Mar 23, 2018 7:28am Mar 23, 2018 7:28am
My first trade with range bars +31 pips
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  • #2,871
  • Mar 23, 2018 8:01am Mar 23, 2018 8:01am
Eur/aud, gbp/nzd, gbp/aud all tossed
  • #2,872
  • Mar 23, 2018 9:21pm Mar 23, 2018 9:21pm
Quoting rockypoint
I want to give everyone a heads up from 3/26 till 4/2 probably won't be posting(maybe a little). Down here in mexico that is Semana Santa the biggest holiday of the year when our sleepy beach town goes from 50k people to close to 200k for the week. The partying starts on 3/26 and by the 28th will be going 24/7. We are still deciding whether to hole up and stay or hit the road cause it will get loud! First picture is of playa hermosa which is my beach second is the malecon. Most days you might see 200 people on the beach weekends maybe 500. {image}...
Hi RP,interesting indeed.Thats a lot of people there!Do all these people just come and stay on the beach until they go or do they come daily and depart daily until after the holiday?
  • #2,873
  • Mar 24, 2018 3:17pm Mar 24, 2018 3:17pm
They stay everywhere hotels, motels, condo/house rentals, rv parks and the beach. they mostly come for the week. The beach people can be quite amusing as many will pitch their tents at low tide and then wake up when the water hits(you try to warn them but they don't listen).
  • #2,874
  • Mar 26, 2018 12:55am Mar 26, 2018 12:55am
I've been away (busy at work) but will try to occasionally trade and post in Asian and/or UK session.

Asian session AUDJPY +20

EZ

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  • #2,875
  • Mar 26, 2018 1:55am Mar 26, 2018 1:55am
One more: EURAUD + 22, exit at weekly pivot and swing lows.

EZ

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  • #2,876
  • Mar 26, 2018 2:31am Mar 26, 2018 2:31am
It's great to see many of you guys do so great! I am struggling a bit but it has notthing directly to do with this system but more with me, sometimes i make a nice amount of pips in the morning but give it all back in the afternoon. (over-trading,greed) . i want to know how you guys prevent this. maybe you have a max number of trades you open? Is there anybody who has a tradeplan based on this system who is willing to share this? thanks
  • #2,877
  • Edited 6:56am Mar 26, 2018 5:21am | Edited 6:56am
Quoting Patje
It's great to see many of you guys do so great! I am struggling a bit but it has notthing directly to do with this system but more with me, sometimes i make a nice amount of pips in the morning but give it all back in the afternoon. (over-trading,greed) . i want to know how you guys prevent this. maybe you have a max number of trades you open? Is there anybody who has a tradeplan based on this system who is willing to share this? thanks
Hi.Maybe this might help.My trading plan is still undergoing tweaking but the following is a major part of it.I cannot trade totally like RP because he is a seasoned counter trend trader who can trade in any direction without looking at time charts.So what i do is i use RP's system as he uses it EXCEPT i look at the trend on time charts to know which way to trade.I feel that this increases the probability of winning for me. So i open a time chart but take trades on range charts.

My results have improved through filtering trades and trading with the trend.I have a 14 EMA 50 EMA 200 EMA chart whereby i cannot buy if price is under these MAs especially under the 14 and 50.Sometimes price goes above the 50 as it looks to reverse but im learning to see how to time reversals.Likewise i cannot sell if price is above these EMAS. What happens then is that if i dont follow this guideline,it would be a counter trend trade and i need to be cautious with it since counter trend trades are usually short lived due to profit taking. If you need to counter trend, make sure you QUICKLY but EXPERTLY move your SL to break even.I also filter trades with the ichimoku cloud.See chart attached for explanation.In the Audjpy chart attached, you can see that price has been under the cloud and the kijun for 7 days i believe.What that means is that you can increase your win rate by looking to sell during that whole period and it will be likely that any cloud breaks above are probably fake breakouts and you need to wait to sell, sell,sell.UNLESS YOU are now as good or close to as good as RP to trade either direction successfully.

You can use any moving averages of your choice to filter trades or use the ichimoku alone.For interest's sake, open time charts where price is under/above the moving averages and then open range bar charts and compare buy/sell signals when price was/is under the MA'S and see which signals provided nice profit opportunities.

Lastly u can use price action as explained in the audjpy chart where you see bulls failing to take out a previous high and ultimately bears taking out a previous low and when that happens people who try to buy tend to get burnt unless as i keep saying you are a good counter trend trader.
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  • #2,878
  • Mar 26, 2018 6:05am Mar 26, 2018 6:05am
Quoting ichikuse
{quote} Hi.Maybe this might help.My trading plan is still undergoing tweaking but the following is a major part of it.I cannot trade totally like RP because he is a seasoned counter trend trader who can trade in any direction without looking at time charts.So what i do is i use RP's system as he uses it EXCEPT i look at the trend on time charts to know which way to trade.I feel that this increases the probability of winning. So i open a time chart but take trades on range charts. My results have improved through filtering trades and trading with...
Thanks man i really appreciate your help, i wil digg in the info you just left me, thanks Ichikuse for your response. Do you also use a daily. weekly or monthly target or maybe a max number of trade's per day? or do you take every legit setup?
  • #2,879
  • Edited 6:52am Mar 26, 2018 6:40am | Edited 6:52am
Quoting Patje
{quote} Thanks man i really appreciate your help, i wil digg in the info you just left me, thanks Ichikuse for your response. Do you also use a daily. weekly or monthly target or maybe a max number of trade's per day? or do you take every legit setup?
I just wanted to add something.Counter trend trading is a subjective term depending on time frame.EURCAD for example is in an uptrend on the daily chart but it had a 'downtrend' on h1 and lower time frame charts from 20 March until today,SO IT SEEMS...iF YOU LOOK AT M30 CHARTS AND HIGHER EURCAD IS NOW ABOVE 200 EMA and if you are following trends, signals to buy will be more rewarding and less likely to whipsaw you than signals to sell...See what happened when price went below the 200 ema and 50 ema on eurcad in charts attached.That is why eurcad shorts were so rewarding last week...
So i drew tredlines on eurcad time charts and then you wait for the trend lines to break, if they do and there are about 7 selling opportunities there.

I do not have targets because i still have a full time job.My job keeps me in front of the computer almost all the work time so its not too hard to get a trade here and there.I also started trading only last year but i was fortunate to meet RP so early.I made up my mind to use his system and im just looking at ways to limit my losses and increase the wins.I am looking forward to the day i will become a full time trader. Just to add: i was introduced to trading by a workmate who has a succesful professional trader friend.This trader is the one who uses the 14ema 50 ema 200 ema charts without any other indicator and he trades on time charts.So, the reason i stick to these emas to filter my trades is because i know that there is a successful trader who uses them and the guy started trading about a year or so ago and he is about to or has just bought a house from trading profits.This is the same reason i use RP's system because RP is not a hollywood character but a real person who posts photos of himself and makes money all the time right in front of us

PS: I believe giving yourself targets harms your trading because you will force trades that are not there.That is why we need an edge and for Rp his edge uses clean charts so if he sets targets he will start trading ugly charts which he says is bad.It is very important to put valid S/R/ trendlines and trade when they are breached, i believe.There is a day RP made about 350 pips or so in a day,actually in hours about ten days ago.So just watch for line breaks and go in and you never have to set a target because some days will be more rewarding than some.
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  • #2,880
  • Mar 26, 2018 7:32am Mar 26, 2018 7:32am
Quoting ichikuse
{quote} I just wanted to add something.Counter trend trading is a subjective term depending on time frame.EURCAD for example is in an uptrend on the daily chart but it had a 'downtrend' on h1 and lower time frame charts from 20 March until today,SO IT SEEMS...iF YOU LOOK AT M30 CHARTS AND HIGHER EURCAD IS NOW ABOVE 200 EMA and if you are following trends, signals to buy will be more rewarding and less likely to whipsaw you than signals to sell...See what happened when price went below the 200 ema and 50 ema on eurcad in charts attached.That is why...
Thanks again Ichikuse really helpfull. I like it how you help other people here at this thread. It's btw one of the better thread's here. And RP is a great trader! and he's living the dream haha thank you guys
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