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Trading with range bars ichimoku cloud & awesome oscillator

  • #3,441
  • Aug 20, 2018 8:34am Aug 20, 2018 8:34am
they all look the same. its from wick hi to wick lo
  • #3,442
  • Aug 21, 2018 12:26am Aug 21, 2018 12:26am
Rockypoint - quick question. What system is yours (doesn't look like MT4)? Just out of curiousity.

I signed up with a new broker today to be able to use cTrader because I like it better - hoping they have range bars available for me to use.
  • #3,443
  • Aug 21, 2018 12:43am Aug 21, 2018 12:43am
ThinkorSwim
  • #3,444
  • Aug 21, 2018 12:46am Aug 21, 2018 12:46am
Quoting rockypoint
ThinkorSwim
Thanks for letting me know

Also, would you say most of the trades start during Frankfurt or around that time? Are there many opportunities left by the time Lon and US open?
  • #3,445
  • Aug 21, 2018 2:32am Aug 21, 2018 2:32am
ivanyo, i let myself answering.Rocky trades mainly new york opening.For evample i am based spain so i trade mainly euro opening.you will find opportunities and every session.Tha faxt its try to cherry pick "handsome" entries according to volatility and system
  • #3,446
  • Aug 21, 2018 2:32am Aug 21, 2018 2:32am
Quoting metta87
{quote} 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 ?
Hi it’s a range bar EA and you can find it in post #3101 if you need it.

When installing it ,it has an option to choose gaps or not to choose gaps.if you choose gaps,lets say there is high impact news, the range bars will show a gap when price jumps.

If you don’t choose gaps like me, the jump will be shown by abnormally huge range bars.

I like this effect because I will easily remember what happened there just by the visuals unlike if the bars where all ‘normal’ so to speak.

It’s just the way this EA was made.

Note:I put the EA in the indicators folder and it works that way.(I don’t remember if it works in the experts folder)
  • #3,447
  • Aug 21, 2018 2:44am Aug 21, 2018 2:44am
Quoting Ivanyo
{quote} Thanks for letting me know Also, would you say most of the trades start during Frankfurt or around that time? Are there many opportunities left by the time Lon and US open?
Just to add to what aweforex said, there are opportunities all the time but some times are better than others.If you trade less volatile pairs like audnzd maybe the best opportunities come from around midnight +2 GMT when the Aussie kiwi banks open and maybe the opportunities are done by London session because these are low volatility pairs.

However if u trade gbpjpy for example it’s called the dragon for a good reason.It is moving virtually 24 hours with rests here and there.Thats why most of RP’s trades are gbp or euro crosses because these are the big movers and they can move in the Asian session London all the way to the New York session even the Aussie/New zeal and session.

RP will answer you in his own capacity if he wants to add ....

Well let me digress a while.I now want to try and look for very good setups if I can and that means fewer signals for me...more choosy ...so I will add to the pairs I trade because when a very good setup comes up even a less volatile pair can throw huge punches that time .

if it means I spend a week without a trade so be it until it comes up but still the same ichimoku system.

i need to start practicing now for the day I trade standard lots.Trading standard lots u need to pick very high probability trades
  • #3,448
  • Aug 21, 2018 8:13am Aug 21, 2018 8:13am
Not so much happening.
I am having a hard time not to get chopped up in the markets now.
Had this nice trade this morning on the DJI and tried to trade the AUDJPY but it came back to me.
Just opened a long on GBPJPY at 141.57

No other trades.

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  • #3,449
  • Aug 21, 2018 8:58am Aug 21, 2018 8:58am
to my eyes a rangy day,..only gbp crosses giving some good setups,...attached a minutes ago
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  • #3,450
  • Aug 21, 2018 9:09am Aug 21, 2018 9:09am
I was also eyeballing the GBP crosses like you aweforex.
Choose for the GBPJPY.
It went up and I took profits at 45 pips at 142.0.

I'm quite happy with this trade.

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  • #3,451
  • Aug 21, 2018 10:40am Aug 21, 2018 10:40am
4 trades 1 still open
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  • #3,452
  • Aug 21, 2018 10:49am Aug 21, 2018 10:49am
RoFoF,

It is the nature of the market you are trading (Forex), not technique. When you look at the majority of charts posted here, many are taking 1-2.5 hours for a trade to complete with a sufficient reward to the risk willing to be taken.

If you went to the other end of the spectrum and traded the Hang Seng Index futures (Hong Kong Exchange) for $6.37 USD per tick per contract using RP's method, then you can make $500-$1000 USD inside of 15 mins on 1 contract risking no more than $150-$200 USD (you won't be worse than 40% winning accuracy long-term so cha-ching!). They also have a mini contract version which is $1.27 per tick.

There's a big trading world out there.
  • #3,453
  • Aug 21, 2018 10:51am Aug 21, 2018 10:51am
Last trade
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  • #3,454
  • Aug 21, 2018 10:52am Aug 21, 2018 10:52am
Great day for such a slow moving day in general.
  • #3,455
  • Aug 21, 2018 10:57am Aug 21, 2018 10:57am
Quoting CLTrader
RoFoF, It is the nature of the market you are trading (Forex), not technique. When you look at the majority of charts posted here, many are taking 1-2.5 hours for a trade to complete with a sufficient reward to the risk willing to be taken. If you went to the other end of the spectrum and traded the Hang Seng Index futures (Hong Kong Exchange) for $6.37 USD per tick per contract using RP's method, then you can make $500-$1000 USD inside of 15 mins on 1 contract risking no more than $150-$200 USD (you won't be worse than 40% winning accuracy long-term...
Interesting....

Learning day by day, step by step. Thx.
  • #3,456
  • Aug 21, 2018 10:59am Aug 21, 2018 10:59am
Quoting rockypoint
Great day for such a slow moving day in general.
I was also watching this one when the wife called to go to the shop.
Rushed back home and..... missed it... lol

Nice trade.
  • #3,457
  • Aug 21, 2018 11:31am Aug 21, 2018 11:31am
Quoting rockypoint
Last trade {image}
Hi RP,

I took a similar trade in Eur/Aud based on my rules. Is there a reason you didn't trade this pair?
  • #3,458
  • Aug 21, 2018 1:08pm Aug 21, 2018 1:08pm
My only trade today.This trade took almost 4 hours but i had already locked in profit and thought price was bullish ....
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  • #3,459
  • Aug 21, 2018 1:30pm Aug 21, 2018 1:30pm
Quoting ichikuse
My only trade today.This trade took almost 4 hours but i had already locked in profit and thought price was bullish .... {image} {image} {image}
Nice trade! Thx for your clear explanation! I value them a lot
  • #3,460
  • Aug 21, 2018 1:34pm Aug 21, 2018 1:34pm
Eur/Aud not taken because there was so little volume, Eur/Cad had somewhat more activity, don't like taking more than 1 trade on slow moving pairs.,
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