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Trading with range bars ichimoku cloud & awesome oscillator

  • #2,881
  • Mar 26, 2018 8:48am Mar 26, 2018 8:48am
Made 36 pips on EURCAD.Bought on break of triangle trendline.I noticed that EURCAD has now broken above 200 ema and it seems bulls are applying pressure...i may be wrong...
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  • #2,882
  • Mar 26, 2018 9:19am Mar 26, 2018 9:19am
E/J Long worked out well:
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every Saint has a past. Every Sinner has a Future
  • #2,883
  • Mar 26, 2018 9:38am Mar 26, 2018 9:38am
very good explanations ichikuse

EJ
~ 50 pips
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  • #2,884
  • Mar 26, 2018 10:03am Mar 26, 2018 10:03am
Made 30 pips on EURCAD after a retracement.
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  • #2,885
  • Mar 26, 2018 12:58pm Mar 26, 2018 12:58pm
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 Patje,

Just to confirm the great advice ichikuse is giving you I also begin my day by looking at the 1 Hour and 5 Minute charts before looking at Rocky's setup.

My software allows me to colour the background when certain criteria are met. So I will only go long when the background is blue and only go short when the background is red. One of my criteria is also the relationship of two moving averages.

Overtrading and revenge trading are two of my most destructive habits and are very hard to break. At the end of the day it comes down to self-discipline. Targets are fine if you stick to them - I've tried limiting myself to a maximum number of trades or to a fixed profit for the day - which work fine if you follow them. The only rule I seem to be able to follow religiously is if I have three losing trades then I quit for the day, shut down the charts and do something else.

I've had an improving win ratio since switching to Rocky's setup, which is excellent, as you can see from all the positive results being posted on this thread.
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  • #2,886
  • Mar 26, 2018 1:20pm Mar 26, 2018 1:20pm
Quoting Allan2d
{quote} Hi Patje, Just to confirm the great advice ichikuse is giving you I also begin my day by looking at the 1 Hour and 5 Minute charts before looking at Rocky's setup. My software allows me to colour the background when certain criteria are met. So I will only go long when the background is blue and only go short when the background is red. One of my criteria is also the relationship of two moving averages. Overtrading and revenge trading are two of my most destructive habits and are very hard to break. At the end of the day it comes down to...
Hey Allen thanks for your response. I am thinking about an idea to filter out sime trades. I dont know if it will prevent me from overtrading but maybe it will increase the number of trades i take so that my win ratio goes up. I was thinking my self to limit my self to a max of 6 trades a day, but i dont want to miss out on something( thats when greed comes in i guess ) i really like this system and will try to implement it as good as i can....i was thinking about double or tripple the setting of the ichimoku and use both...one for the bigger picture and one how it is right now....but maybe i must look at your and ichukuse's advice thanks for your help
  • #2,887
  • Mar 27, 2018 12:31am Mar 27, 2018 12:31am
HI Allan 2d,
Have posted an image of a Forex Currency Strength Chart that works in sierra charts. Its a user contributed study by Brett Johnson and is available for free on the sierra chart support board. Just google Brett Johnson sierra charts. Can be used on any time frames and have multiple instances running. Still getting my head around it but believe it could be useful. For your info and comment.
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  • #2,888
  • Mar 27, 2018 2:25am Mar 27, 2018 2:25am
EA + 27. I exited at previous swing high as it was running SL. It may run more, but getting overextended.


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EZ
  • #2,889
  • Mar 27, 2018 3:59am Mar 27, 2018 3:59am
E/J again - short
EU had similar I believe but I only watch one or two because I have other set ups to consider. But since looking at Rocky's approach I am very impressed thus far. Just shows one should always look around to see what others are doing. It usually means wading through a sea of dross but sometimes one finds a little nugget of gold.
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every Saint has a past. Every Sinner has a Future
  • #2,890
  • Mar 27, 2018 4:36am Mar 27, 2018 4:36am
Made 35 pips.Sold gold and i was guided by strong divergence and a double top on H1 charts.
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  • #2,891
  • Mar 27, 2018 4:40am Mar 27, 2018 4:40am
Quoting ichikuse
Made 35 pips.Sold gold and i was guided by strong divergence and a double top on H1 charts. {image} {image}
very nice Ichikuse
  • #2,892
  • Mar 27, 2018 4:57am Mar 27, 2018 4:57am
Missed the other GBP pairs but still got 30 pips on the GBPUSD. Exit was too soon but for now i am shooting for 30 - 40 pips and when i get use to it i will increase my TP.
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  • #2,893
  • Mar 27, 2018 5:08am Mar 27, 2018 5:08am
Quoting ichikuse
Made 35 pips.Sold gold and i was guided by strong divergence and a double top on H1 charts. {image} {image}
Hey Ichikuse can you please post that filled-cloud version of Ichimoku and that symbol changer indicators please?
Thanks.
  • #2,894
  • Mar 27, 2018 5:24am Mar 27, 2018 5:24am
Quoting jojofx
{quote} Hey Ichikuse can you please post that filled-cloud version of Ichimoku and that symbol changer indicators please? Thanks.
Here is the symbol changer and the ichimoku template( i hope im correct that u wanted the template).
Attached File(s)
File Type: mq4 Symbol changer - limited 1.1.mq4   7 KB | 464 downloads
File Type: tpl Awesome Ichimoku.tpl   4 KB | 668 downloads
  • #2,895
  • Mar 27, 2018 7:21am Mar 27, 2018 7:21am
Quoting ichikuse
{quote} Here is the symbol changer and the ichimoku template( i hope im correct that u wanted the template). {file} {file}
Oh yeah that worked pretty good, one last request please: How is it called the indicator on your top right corner which shows the amount of pips earned?
Thanks mate.
  • #2,896
  • Mar 27, 2018 7:39am Mar 27, 2018 7:39am
gold ,
maybe it goes more downward to the pivot but im not in the waiting&chancing mode right now
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  • #2,897
  • Mar 27, 2018 11:35am Mar 27, 2018 11:35am
Caught thise trade for 20 pips just before the news.
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  • #2,898
  • Mar 27, 2018 1:01pm Mar 27, 2018 1:01pm
Quoting golden-way
gold , maybe it goes more downward to the pivot but im not in the waiting&chancing mode right now {image}
Well done.I sold gold when the selloff was just starting and had i used better trade management i could have made tens of pips because gold fell about 140 pips from where i entered.
  • #2,899
  • Mar 27, 2018 1:03pm Mar 27, 2018 1:03pm
Quoting jojofx
{quote} Oh yeah that worked pretty good, one last request please: How is it called the indicator on your top right corner which shows the amount of pips earned? Thanks mate.
Its called a pipsometer.I have attached it here.
Attached File(s)
File Type: ex4 pipsometer_5_decimal.ex4   14 KB | 354 downloads
  • #2,900
  • Mar 27, 2018 1:54pm Mar 27, 2018 1:54pm
Quoting ichikuse
{quote} Well done.I sold gold when the selloff was just starting and had i used better trade management i could have made tens of pips because gold fell about 140 pips from where i entered.
yes your entry was perfect
i also use time based charts for confirmation but in lower time frames than you do
when u get such a good confirm from H1 it usually expected bigger moves
also u can use that chart for aiming potential targets like so...
cheers

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