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Trading with range bars ichimoku cloud & awesome oscillator

  • #3,301
  • Jul 18, 2018 6:39am Jul 18, 2018 6:39am
Quoting ichikuse
Hi all.Made 76 pips on a GBPJPY short. {image}
Great trade. I just watched it!
"All good things come to those who wait"
  • #3,302
  • Jul 18, 2018 8:13am Jul 18, 2018 8:13am
Two E/J trades - two profitable trades.
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every Saint has a past. Every Sinner has a Future
  • #3,303
  • Jul 18, 2018 12:40pm Jul 18, 2018 12:40pm
What do you guys think about entering after a pullback, it improves the rr? Or take half your position out at 1rr and let the rest run.... And move your sl to every next pullback or add a position, maybe we can also look at the adr and if it's higher than for example 30 you try to stay in the trade longer, just some thoughts from my side. What do you think about it.
  • #3,304
  • Jul 19, 2018 4:02am Jul 19, 2018 4:02am
My EJ is going nowhere in a drift sideways. Rocky says, correctly, that if I were not testing this approach, but in for real, then I should look at more than one pair such as Cable, shown here but not traded by me. I am still watching EJ drift and will be interested in what happens to it in the US session :-)
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every Saint has a past. Every Sinner has a Future
  • #3,305
  • Jul 19, 2018 4:22am Jul 19, 2018 4:22am
Hi guys! Collect green pips.
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  • #3,306
  • Jul 19, 2018 6:30am Jul 19, 2018 6:30am
Quoting Patje
What do you guys think about entering after a pullback, it improves the rr? Or take half your position out at 1rr and let the rest run.... And move your sl to every next pullback or add a position, maybe we can also look at the adr and if it's higher than for example 30 you try to stay in the trade longer, just some thoughts from my side. What do you think about it.
Hi, i think i would prefer to do both.That is, first enter and start extracting profits leaving part/s of the position open and if there is another pullback add to the position again.I now close all positions an hour or two into the NY session but if i spot a good setup and im 15 pips or so in profit in the NY session i wont mind pushing SL to B/E and swinging it although i rarely do so.

As for ADR i i dont use it. I would be interested in finding out how i can use it to add value to my trading if possible, and not limit me.
  • #3,307
  • Jul 19, 2018 6:33am Jul 19, 2018 6:33am
Quoting pozner
Hi guys! Collect green pips. {image} {image} {image}
Well done! These are the beautiful charts RP refers to!
  • #3,308
  • Jul 19, 2018 9:23am Jul 19, 2018 9:23am
Together with American traders. The trend is strong down, so with a short TP.
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  • #3,309
  • Jul 19, 2018 11:05am Jul 19, 2018 11:05am
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  • #3,310
  • Jul 21, 2018 6:06am Jul 21, 2018 6:06am
Quoting ichikuse
{quote} Try this although i dont use it:http://completecurrencytrader.com/cu....php#book_wrap I once used the Ferrufx one that Patje mentioned and i liked it although i no longer use strength indicators.
http://www.livecharts.co.uk/currency-strength.php
  • #3,311
  • Jul 21, 2018 12:47pm Jul 21, 2018 12:47pm
Quoting dwe213
{quote} http://www.livecharts.co.uk/currency-strength.php
Thanks!
  • #3,312
  • Jul 23, 2018 8:15am Jul 23, 2018 8:15am
E/J again - one loser and two okay.
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every Saint has a past. Every Sinner has a Future
  • #3,313
  • Jul 23, 2018 9:41am Jul 23, 2018 9:41am
4 trades today for me. on 5 min chart .....i tried to take entry's after a correction so that i can have a smaller sl and better RR. Also trying to improve my MM...

2 trades on gbpnzd 1 winner 26.5 /1 loser 9.2

1trade gbpaud 42.3

and 1 trade on ej is running....
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  • #3,314
  • Jul 23, 2018 5:11pm Jul 23, 2018 5:11pm
Quoting Patje
4 trades today for me. on 5 min chart .....i tried to take entry's after a correction so that i can have a smaller sl and better RR. Also trying to improve my MM... 2 trades on gbpnzd 1 winner 26.5 /1 loser 9.2 1trade gbpaud 42.3 and 1 trade on ej is running.... {image} {image}
Your losing "Sell" was initiated above the "Cloud." Do you think this is why the trade failed ?
( I thought Rocky "bought" above the cloud and "sold" below )
Keep up the good work P :-)
every Saint has a past. Every Sinner has a Future
  • #3,315
  • Jul 24, 2018 1:44am Jul 24, 2018 1:44am
Quoting turnip15
{quote} Your losing "Sell" was initiated above the "Cloud." Do you think this is why the trade failed ? ( I thought Rocky "bought" above the cloud and "sold" below ) Keep up the good work P :-)
It was a buy after a correction, i tried to go in again. But if you close a buy trade it says Sell when you close it....so yes i was buying above the cloud

and as you can see maybe the net profit on the 42 pip run was quiet small, because of MM . I am playing around with it to check out what suits me. for now i take 10% out at half of the size of my Sl ,20% out at when i reach the amount of my SL so RR 1:1 and move stop BE, 30 % at 2 times the size of the SL and let the other 40% run till i close it manually. does the trade not what i want see than i close the trade manually ....

turnip thanks for your support
  • #3,316
  • Jul 24, 2018 4:33am Jul 24, 2018 4:33am
There is one mathematical fact which I cannot escape if I decide to enter a trade with my largest size and then lighten my position as the trade goes my way:

I will have to be right more often to adjust for the largest losers (and I'm always holding my largest losers at the start of each trade!) pulling down the average win size relative to the average loss size.

Why should I hold my largest position in a trade sequence at the exact point when I know the least about how it is going to develop?

The answer is simple:

Let the market catch me being wrong when I have the least to lose.

Let the market catch me being right when I have the most to gain.

There are several ways to achieve this yet all of them always involve taking profits on a full position. Note that all-in / all-out on a trade is the most basic form.
  • #3,317
  • Jul 24, 2018 6:55am Jul 24, 2018 6:55am
2 trades for now...
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  • #3,318
  • Jul 24, 2018 9:08am Jul 24, 2018 9:08am
Quoting CLTrader
There is one mathematical fact which I cannot escape if I decide to enter a trade with my largest size and then lighten my position as the trade goes my way: I will have to be right more often to adjust for the largest losers (and I'm always holding my largest losers at the start of each trade!) pulling down the average win size relative to the average loss size. Why should I hold my largest position in a trade sequence at the exact point when I know the least about how it is going to develop? The answer is simple: Let the market catch me being...
My thought in this is that there are sometimes multiple add on points in a trade. A kijun entry, a break of a nearby fractal level to the left, adding on after a correction or at he bottomof a correction on a ltf and even a chancy entry before the kijun/AO/Cloud entry as the AO swings back to the zero line after a divergence.

Often a good signal is followed by a pull back and the price passes through the good signal level a second time

As you gain experience they all seem to present themselves ans tempt you as they do.

Getting in early is the goal and if the trade is doing as expected, then adding on at the places where you expect add-ons as they occur if they do.

Practice practice practice.
  • #3,319
  • Jul 26, 2018 9:51am Jul 26, 2018 9:51am
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  • #3,320
  • Jul 26, 2018 12:43pm Jul 26, 2018 12:43pm
Quoting rockypoint
{image}{image}{image}
I'm getting the impression that there is more action/movement during New York hours as opposed to London trading hours ?
every Saint has a past. Every Sinner has a Future
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