Trading with range bars ichimoku cloud & awesome oscillator

Thanks, have a nice time cheers

Will miss the EJ posts! Enjoy!

My GU and GJ shorts today for 34 pips and 16 pips respectively.

@Rocky

Sorry if this is already covered somewhere but what trading platform are you using please?

Many times Ipodbob, many times in this thread. Rocky is using TOS (think or swim).

Hallo guys!!! I finished reading this great thread. Thank you all for many useful posts. And many special thanks to our guru Rocky!!!

Hi everyone.

My EuroAussie short just before the Frankfurt open.Made 34 pips.I used to wait until London open but not anymore.As long as there is a VALID HIGH PROBABILITY setup i now take it.I realised that if u take a trade before London(maybe other sessions too?) you ought to have entered that trade early and not late so that if London retraces a bit in search of liquidity then they usually wont stop you out.I took the trade early enough i believe and when London started i was too far from the big traders so to speak for them to try and stop me out .

I exited as price stalled for a long time resting on significant support.
I was fortunate to open charts just before Frankfurt open and saw the pair at an interesting level after the Aussie rate decision and statement.

I have checked POST 1, i cannot see the rules for trading this system.
Can someone help

Look at the clipboard. Particularly the doc 'rockypoint_ichimoku_ao.odt.pdf'. You will find all the information.

Here you are: #post 857

Hi RP well done once again! I have a question please.How did you master the art of not hesitating when you enter trades? I was looking at the charts you posted but my brain reasoned me out of not taking them.My trading has improved since I started but this area is still a big challenge for me even if I keep on trying to improve it.

Hi all from spain
took quick scalp a moments ago



and as seen in range bars

Do you have a list of requirements of what you have to see to enter a trade? if not you should.

Mine are:
1) like the price action on chart its not messy or jumpy looking
2) The AO is in same direction as trade you are looking to enter.
3) price is on the right side of the cloud.
4) price has broken tl and/or s/r.

Once those are all met take the trade, the only consideration after those 4 are there any news announcements coming soon. the other thing that helps is knowing
that I rarely let any trade hit my S/L's. My usual s/l is 15-20 pips, my usual loss is 5-6 pips, my avg. win is 30-40 pips.

Hi RP.Thanks once more.I day-trade like you in and out on the same day and i have now realised that my fixed 30 pips stop loss regime is not doing me any good because lets say i lose 3 trades in a row, thats 90 pips lost and that doesnt sound right for my strategy.

So, im resolving to use the 15-20 pips stop loss like you.It is the late entries that have been forcing me to have the 30 pip stop loss but if i enter as soon as there is a break, i can also afford a 15-20 pip stop loss like you.

You have said many times how you use the kijun sen to stay or exit trades and i must say i havent really been following this and it has turned many a winning trade into losers or b/e trades.But yesterday when i saw what happened with USDCAD i was struck by the way price respects the kijun and i realised it is a perfect criteria to exit a trade if price closes in the other direction of the kijun.I wish i followed this trade management rule earlier but what matters is that i have now come to my senses .

Of course people are free to manage trades however they wish but for my strategy i need to follow your usage of the Kijun.

Experience is the best teacher.I know your rules and the way you trade this system but i previously decided to leave out some of the things you do in your trades.
Now, i am compelled to rethink and make decisions again.

You have been trading since 2006! and you made all the mistakes and did all the back testing etc and the tweaking and spent numerous days to perfect this system and i must say it is tragic if i cannot see how you have literally saved me years of error-strewn trading since all i have to do is copy your winning system.

Just for the benefit of others.I want to say that this system works very well and this week has been my best week.Since Monday i took 10 trades and won all except two which were break-even trades.Losses are part of trading and i could lose several trades in a row but what matters is that your account is growing even if by 1 pip a month.Keep trying until it starts to grow by 5 pips, 10, 20,50,70 200,500,1000 whatever the numbers.

Another thing, i am now more choosy than i have been before with my trades........

I also want to point out that i used to trade news and after announcements i would start chasing price based on price action or whether the news sounds bullish or not.

I stopped trading news a month or so ago.The results have been wonderful.Most of my past losses especially huge ones were caused by chasing price after NFP etc but i have since stopped.I just exit trades before news and trade after the dust has settled or tighten stop losses and stay in the trade as RP does.

I still have a lot to learn...Thanks RP for the system.All other traders , i hope we all realise sooner than later that too many indicators on a chart will not help us.

I wish us all the best in our trading!

I have posted the UC chart below to illustrate how you can manage trades with the kijun as RP does.

Exasperating business Ichikuse .......... I think we all share your frustration in learning and applying the system. The thought of making a living out of trading is very tantalising and keeps me motivated. Patience is a big part of the game and developing confidence in the system through winning trades. Just getting back to trading after giving myself a coupla weeks break. All the best to all.

Hi Alcol.I always get motivated when i see you post because you have been on this thread way before i started.
I heard Mark Douglas say in his trading video that change is a function of desire.I do agree.If you really lose money, if you really get frustrated, you will always ask yourself what you are doing wrong and begin to focus on what really works.I almost quit my job in December to trade full time.Im glad my boss wouldnt hear any of that altho he didnt know i wanted to trade hahaha

Now i will focus on finetuning my trading until i have a good income from it hopefully and maybe then i will entertain quitting my job

and for your sincere state is what demo accounts are useless most of the time....even with a little 500 bucks real..the fact of lose money, improve the studying, the method, the psyche,....Yes it is possible to live of it, but i dont know any serious profession that there is not years of practise, essay, failure,...and so on--

Demos are good for practise and especially new traders to test the market and feel the spikes etc and even to test methods...i noticed that if u cant increase the equity of a demo acc its hard to do so on a real acc.Thats just my personal thinking.

Learning indeed should IDEALLY lead to success .The tragedy is when you spend years learning the "wrong" stuff.The most important thing is to realise you are wasting time with something.........But even after years of failure what matters is the end:do u eventually realise you were wrong and then fix that?

NB:Since i stopped listening to signals from experts etc...i have improved a lot.

EDIT:You hear that for example the pound cant continue falling...but then its still falling and price action tells u to sell but u ignore because of what commentators are saying.....I will now follow my signal the way RP does...without thinking..i hope to do so

yes for demoing some little indicators ,..but for the mind, always real accounts..and believe me,..the mind its the diference fom be rookie or be trader...the system is just a 20%...a good mind and a proper money management do the trick.A simple ema crossover could do much money, with human discrection.

ofc just my opinion

happy trading !!