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Trading with range bars ichimoku cloud & awesome oscillator

  • #3,421
  • Aug 15, 2018 4:30pm Aug 15, 2018 4:30pm
Quoting aweforex
Hi guys, seemed a great day,..-glad to hear.I took this 3 ,..first on cad was no perfect to my rules but fine at all.Not expected such a big moves but hey,..best for us. happy trading {image} {image}
Congratulations!
Time frames?
Chart prices and chart times would be helpful to see, too.
  • #3,422
  • Aug 15, 2018 4:51pm Aug 15, 2018 4:51pm
Quoting dwe213
{quote} Congratulations! Time frames? Chart prices and chart times would be helpful to see, too.
hi dwe, its the m2 offline chart in both,..my time is from spain,..think gmt-2 in summer.reloaded chart for you to see when and where entered (green verticals),..i closed all qickly for about 15/20 pips each,..i am use to m1 and scalping so my psycho doesnt like to stay long in market,..often try to put beven when +10.For me a breakeven its a good trade too.

Regards
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  • #3,423
  • Aug 16, 2018 1:53am Aug 16, 2018 1:53am
Quoting aweforex
{quote} hi dwe, its the m2 offline chart in both,..my time is from spain,..think gmt-2 in summer.reloaded chart for you to see when and where entered (green verticals),..i closed all qickly for about 15/20 pips each,..i am use to m1 and scalping so my psycho doesnt like to stay long in market,..often try to put beven when +10.For me a breakeven its a good trade too. Regards {image} {image}
Its always best to get something from the market.However, like Wab said the other day, a move on the m1 could spark a big htf trade worth tens of pips.
I am looking to experiment with opening at least two positions on a trade and then taking profit one one of them say at 20 pips, and breaking even on the other and letting the trade go much further if it looks like it can.Alternatively, one can open one position and after some pips close half of the position.Have you tried that?

I saw a webinar of some successful trader the other day.This guy is a good price action trader and he times his entries so so well.What he did was open 35 standard lots simultaneously. So that was 350 dollars per pip! After about 13 pips he closed half(or almost half) of those trades with about USD 4200 profit and moved stops to B/E on the rest of the positions.

Of course i am not yet in a position to trade many lots let alone the standard lot but i reckon opening a position and closing half or opening at least two lots and closing the other is a good way to manage trades if one doesn't have the staying power of Rockypoint!
  • #3,424
  • Aug 16, 2018 3:33am Aug 16, 2018 3:33am
live example, i put beven as price went +15...now its a free trade, but i think ill close if touches black line (daily pivot)
forget about the below stoploss,..its from another buy from yesterday.happily gold its bouncing strongly

regards
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  • #3,425
  • Aug 16, 2018 3:40am Aug 16, 2018 3:40am
Quoting ichikuse
{quote} Its always best to get something from the market.However, like Wab said the other day, a move on the m1 could spark a big htf trade worth tens of pips. I am looking to experiment with opening at least two positions on a trade and then taking profit one one of them say at 20 pips, and breaking even on the other and letting the trade go much further if it looks like it can.Alternatively, one can open one position and after some pips close half of the position.Have you tried that? I saw a webinar of some successful trader the other day.This...
A trader once explained to me he did about the same.... He opened three batches of 10 lots. Closed the first batch after 3 ATR was reached and the second after 8 ATR.
He kept the third batch open to run. Closing the first batch real soon (after about 6 pips or so) covered part of the trading costs and the second delivered a small profit. He also explained that most of his trades ended up at break-even or a tiny win or loss. But two out of ten kept running and that was where he made his profits.
  • #3,426
  • Aug 16, 2018 6:17am Aug 16, 2018 6:17am
Hi all,

Today I had a series of losses. One example is the EURUSD. When I went long price slammed down leaving me with a small loss. The same happened when I went short after a while. I had this on several pairs today. Would you have taken this EURUSD trade? How do you handle this whipsawing?


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  • #3,427
  • Aug 16, 2018 8:42am Aug 16, 2018 8:42am
Quoting RoFoF
Hi all, Today I had a series of losses. One example is the EURUSD. When I went long price slammed down leaving me with a small loss. The same happened when I went short after a while. I had this on several pairs today. Would you have taken this EURUSD trade? How do you handle this whipsawing? {image}
Hi.I try to give an explanation in the charts attached.

The bottom line is that sometimes trades will not be successful no matter how good the entry.That is why the most important thing is that when you add wins and losses, you have more pips won than lost.That is all.You posted good trades this work and i believe you currently have more pips won than lost.As long as you have more pips won than lost,you are doing good and all you need is to fine tune and pick the best trades and enter as early as possible like RP, or at a good retracement level.

The best entry in EU today happened in Asia....
I lost on a sell on EA today.It looks like a good entry but i lost.I have to move on.I still have more pips won this week than lost so i cannot blame the system or myself.
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  • #3,428
  • Aug 16, 2018 8:50am Aug 16, 2018 8:50am
and rof,..believe in your system,..not all trades could be a wiiner,..jusy use a proper money mangement..look attached...overall green
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  • #3,429
  • Aug 16, 2018 8:57am Aug 16, 2018 8:57am
ichi..took same on euraud exactly there,..but i managed a breakeven at least...hope we all start seeing what rp would see,...price is king, and we must "include it",..as a pattern with ichi and others....keep kiss ..its so "naive"..that its true.I worked in the past for a fund and you´d be amazed of the simplicity of systems.The core is no overleverage and have enoguh base capital.

Being exagerated,..if you have a 100k account and play 0.01,...even tossing a coin,..you wouldnt crash the account,...for sure you wouldnt become rich, but....hope you understand my meaning
  • #3,430
  • Aug 16, 2018 9:27am Aug 16, 2018 9:27am
Quoting ichikuse
{quote} Hi.I try to give an explanation in the charts attached. The bottom line is that sometimes trades will not be successful no matter how good the entry.That is why the most important thing is that when you add wins and losses, you have more pips won than lost.That is all.You posted good trades this work and i believe you currently have more pips won than lost.As long as you have more pips won than lost,you are doing good and all you need is to fine tune and pick the best trades and enter as early as possible like RP, or at a good retracement...
Hi Ichikuse and Aweforex, thx for your kind words. I guess it's true that the best setups were at the asian session and I could see that most pairs were not that good during the London session. Well, tomorrow is another day. Just took a long in a EURCHF trade. Let's see where this brings me.
  • #3,431
  • Aug 16, 2018 9:41am Aug 16, 2018 9:41am
Just have to brag about a trading partner's results today:

PATJE +79 pips today during New York Session, 1 minute charts, RP-style on -JPY trades.

Congratulations!
  • #3,432
  • Aug 16, 2018 9:46am Aug 16, 2018 9:46am
Quoting ichikuse
{quote} Hi.I try to give an explanation in the charts attached. The bottom line is that sometimes trades will not be successful no matter how good the entry.That is why the most important thing is that when you add wins and losses, you have more pips won than lost.That is all.You posted good trades this work and i believe you currently have more pips won than lost.As long as you have more pips won than lost,you are doing good and all you need is to fine tune and pick the best trades and enter as early as possible like RP, or at a good retracement...
Round price levels like 1.1400 & 1.1350 on the first chart are R|S too. I never enter if a distance to such levels is lower than 10+spread. If there is 10 pips I can enter then move SL to breakeven and hope that prce can go thru.
  • #3,433
  • Aug 16, 2018 9:50am Aug 16, 2018 9:50am
Quoting dwe213
Just have to brag about a trading partner's results today: PATJE +79 pips today during New York Session, 1 minute charts, RP-style on -JPY trades. Congratulations!
this is GJ... 40 pips
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  • #3,434
  • Aug 16, 2018 10:16am Aug 16, 2018 10:16am
Nothing for me today, very low volatility. Just because you are in front of a computer to trade doesn't mean you must trade. Too many people push to make trades
on days when the market is just flat. There were a couple of charts I could've taken today but both were Chf pairs and I don'tlike trading Chf pairs.
  • #3,435
  • Aug 16, 2018 10:20am Aug 16, 2018 10:20am
Quoting rockypoint
Nothing for me today, very low volatility. Just because you are in front of a computer to trade doesn't mean you must trade. Too many people push to make trades on days when the market is just flat. There were a couple of charts I could've taken today but both were Chf pairs and I don'tlike trading Chf pairs.
not to trade,..its a trade
  • #3,436
  • Aug 16, 2018 10:31am Aug 16, 2018 10:31am
Quoting rockypoint
Nothing for me today, very low volatility. Just because you are in front of a computer to trade doesn't mean you must trade. Too many people push to make trades on days when the market is just flat. There were a couple of charts I could've taken today but both were Chf pairs and I don'tlike trading Chf pairs.
)) Gradually I begin to think like Rockypoint. )) Nothing for me today too. )) I wanted to bet that RP has no trades today, but then decided not to do it.
  • #3,437
  • Aug 17, 2018 2:18am Aug 17, 2018 2:18am
Took this one a moments ago, based purely on range bars price action,..perfect tl..break and a few pips breakout...as its not per strict rules i entered low leverage,..and gone quick.Besides jpy was stronger during euro opening

regards
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  • #3,438
  • Aug 17, 2018 3:06am Aug 17, 2018 3:06am
same structure on gold,..breakeven +10...free ride,..lets see where it goes
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  • #3,439
  • Aug 20, 2018 3:14am Aug 20, 2018 3:14am
Hi people, wish you a fine trading week..tool this a minutes ago..just 10 pips,..but green at all
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  • #3,440
  • Aug 20, 2018 3:27am Aug 20, 2018 3:27am
Quoting ichikuse
{quote} Hi.I try to give an explanation in the charts attached. The bottom line is that sometimes trades will not be successful no matter how good the entry.That is why the most important thing is that when you add wins and losses, you have more pips won than lost.That is all.You posted good trades this work and i believe you currently have more pips won than lost.As long as you have more pips won than lost,you are doing good and all you need is to fine tune and pick the best trades and enter as early as possible like RP, or at a good retracement...
Hey ichikuse, why are all your bars range not the same, some candles are bigger then others, normally all range bars are supposes to have same range. Which indicator do you use ?
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