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Trading with range bars ichimoku cloud & awesome oscillator

  • #3,721
  • Edited 12:17pm Oct 18, 2018 10:36am | Edited 12:17pm
CL could you post a chart please. No need to write in any explanations - a simple chart will do since I ( and many more people possibly) can learn a lot from one picture. And thanks for the long post. Much appreciated.

EDIT : Cancel that CL -I have just found a chart on your profile page that explains things - sorry for being slow.
every Saint has a past. Every Sinner has a Future
  • #3,722
  • Oct 18, 2018 12:28pm Oct 18, 2018 12:28pm
Quoting CLTrader
In reference to the e-mini future's current volatility levels, you can probably get away with 5-8 tick ranges on the RTY (Russell 2K e-mini on the CME), but the NQ and YM are way too volatile to favor range charts over a 1 min chart. You'll simply get "blown-out" of the timeframe by seeing the setups and not being able to react quickly enough. I think of a chart that's too fast as a "blown-out chart"...means you have to go to a higher timeframe...it's all fractal anyway as there's the same type of signals whichever one you decide to trade. I don't...
Points worth following up/testing in one's trading.
every Saint has a past. Every Sinner has a Future
  • #3,723
  • Oct 18, 2018 12:33pm Oct 18, 2018 12:33pm
Quoting CLTrader
In reference to the e-mini future's current volatility levels, you can probably get away with 5-8 tick ranges on the RTY (Russell 2K e-mini on the CME), but the NQ and YM are way too volatile to favor range charts over a 1 min chart. You'll simply get "blown-out" of the timeframe by seeing the setups and not being able to react quickly enough. I think of a chart that's too fast as a "blown-out chart"...means you have to go to a higher timeframe...it's all fractal anyway as there's the same type of signals whichever one you decide to trade. I don't...
Couple of points stood out for me and worth noting in future trades:

On the 1 min charts on futures contracts with great volatility (NQ, YM, RTY, HSI, HHI), you will be WELL SERVED TO NOTE that when you are in a trend, you will notice that virtually ALL of the opposing bar closes (red bar closes in uptrend, green bar closes in downtrend), relative to a 20 ema trend in your direction, will offer you VERY LOW RISK vs VERY HIGH REWARD entries.

I will also add this about trends in my chosen intraday timeframe (my definition off of a 1 min chart in a volatile instruemnt is a common one: you're staying to one side of a 20 ema with HH / HL or LH / LL). Your chances do go up for being successful at taking multiple entries in a trend, whether you decide to go all-in / all-out scalping of it or simple adding on the pullbacks with a minimum space you'll tolerate between each entry in order to keep your avg cost well enough way from the real-time price.
T
every Saint has a past. Every Sinner has a Future
  • #3,724
  • Oct 19, 2018 6:51am Oct 19, 2018 6:51am
Quoting CLTrader
In reference to the e-mini future's current volatility levels, you can probably get away with 5-8 tick ranges on the RTY (Russell 2K e-mini on the CME), but the NQ and YM are way too volatile to favor range charts over a 1 min chart. You'll simply get "blown-out" of the timeframe by seeing the setups and not being able to react quickly enough. I think of a chart that's too fast as a "blown-out chart"...means you have to go to a higher timeframe...it's all fractal anyway as there's the same type of signals whichever one you decide to trade. I don't...
Not sure if CLT minds me posting a one minute chart of DAX - but it seem easier on the eye and trigger finger. The 10 pip Range Bar ( not shown) can create bars like bullets masking the difficulty of getting a trade on.

My usual suspect forex pair - E/J has done well again on the 5 pip Range bar. What CLT says sounds like the UK term of "Horses for courses."
Anyone else have an opinion ?

Maybe some here could post FTSE, Dow or NASD indicies using ichi and one minute or Range bar charts etc?
Attached Image(s) (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #3,725
  • Oct 19, 2018 7:44am Oct 19, 2018 7:44am
Quoting turnip15
{quote} Not sure if CLT minds me posting a one minute chart of DAX - but it seem easier on the eye and trigger finger. The 10 pip Range Bar ( not shown) can create bars like bullets masking the difficulty of getting a trade on. My usual suspect forex pair - E/J has done well again on the 5 pip Range bar. What CLT says sounds like the UK term of "Horses for courses." Anyone else have an opinion ? Maybe some here could post FTSE, Dow or NASD indicies using ichi and one minute or Range bar charts etc? {image} {image}
Just post them. .. I had 3 trades today this far on 1 min Dax.. . And I am probably done for the week .. Dax and 1 min works great . .
  • #3,726
  • Oct 22, 2018 7:13am Oct 22, 2018 7:13am
My London session trades earlier today.EJ was moving much faster than GJ.I closed them all at once.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej.png Size: 86 KB
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  • #3,727
  • Oct 23, 2018 4:55pm Oct 23, 2018 4:55pm
Sorry -forgot to post E?J trade here. ( UK time )
Poor price action resulted in a handful of pips.
Comments anyone ?
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_3198906_EURJPY_2018-10-23_17-38-25.png Size: 119 KB
every Saint has a past. Every Sinner has a Future
  • #3,728
  • Oct 23, 2018 7:38pm Oct 23, 2018 7:38pm
Quoting turnip15
Sorry -forgot to post E?J trade here. ( UK time ) Poor price action resulted in a handful of pips. Comments anyone ? {image}
I agree during that period no valid trade setups. I like your visual of the no trade range.
  • #3,729
  • Oct 24, 2018 5:09am Oct 24, 2018 5:09am
E/J moved too fast for me. Never got in. So no trades on E/J for me today ( UK Time).
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #3,730
  • Oct 24, 2018 5:16am Oct 24, 2018 5:16am
Unlike the E/U which had a short window of opportunity to get a trade on ( I was not able to do so as I was watching E/J - that's life)
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #3,731
  • Oct 25, 2018 10:31am Oct 25, 2018 10:31am
Bit late posting but shows some days are rubbish for some instruments - probably called the ebb and flow of trading

E/J was mostly losers with a couple of pips profit for my endeavors.
The Dax - did okay.
Both were on one minute charts and at UK time.
Attached Image(s) (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #3,732
  • Oct 28, 2018 6:10am Oct 28, 2018 6:10am
Re Post 2605.............Rockies use of the Hull m/a etc.

Has anyone traded forex etc using his Hull m/a and modified RSI ?

What do you think of the approach after testing it ?
every Saint has a past. Every Sinner has a Future
  • #3,733
  • Oct 28, 2018 9:16am Oct 28, 2018 9:16am
Quoting turnip15
Re Post 2605.............Rockies use of the Hull m/a etc. Has anyone traded forex etc using his Hull m/a and modified RSI ? What do you think of the approach after testing it ?
I did for about 2 weeks about 6 months ago and found it to be fundamentally the same as RP's Ichi strategy. The keys were both entering at a line or indicator level cross and managing the exit. You still had to do the analysis on each pair to pick best candidates for a possible big move.
  • #3,734
  • Oct 28, 2018 10:50am Oct 28, 2018 10:50am
Quoting richt3
{quote} I did for about 2 weeks about 6 months ago and found it to be fundamentally the same as RP's Ichi strategy. The keys were both entering at a line or indicator level cross and managing the exit. You still had to do the analysis on each pair to pick best candidates for a possible big move.
Can You share a details about Your test? How did You find the best pair to trade?
  • #3,735
  • Oct 28, 2018 1:06pm Oct 28, 2018 1:06pm
Quoting richt3
{quote} I did for about 2 weeks about 6 months ago and found it to be fundamentally the same as RP's Ichi strategy. The keys were both entering at a line or indicator level cross and managing the exit. You still had to do the analysis on each pair to pick best candidates for a possible big move.
If you believe that the chart is what we trade then it doesn't matter what method we us to determine our entry as long as that method finds the correct place.

The method on this thread is simple and robust. There are others that work just as well but may be more complex. Ultimately we all trade our understanding of the chart and success varies as a result of that.

Here are two or three ways to look at the same thing on a M15 chart:

The first is our typical Kijun 16 entry with a Super Trend indicator added.

Attached Image (click to enlarge)
Click to Enlarge Name: AO Kijun ST Fractal.jpg Size: 339 KB


I added a Super Trend indicator just to show how it helps locate the same entry point as Kijun 16 does.

The second chart uses Bill Williams AO Fractals and Bill Williams Alligator.

Attached Image (click to enlarge)
Click to Enlarge Name: Bill Williams Analysis.jpg Size: 341 KB


Pay attention to the Fractal to the left, where we generally enter. The fractal should be above the red Alligator line or above Kijun 16.

We can also enter on a break of a trend line and gain a bit there if we are good at that.

Both methods get you in at the same point providing you understand them.
Both methods get you out at the same point, especially if you use the AO crossing its signal line as a take profit.

Bill Williams says that we trade our belief system. I believe that Kijun 16 is pretty easy to understand compared to many other systems.

As I have followed this thread I have I have tried to improve it. Really it is very good as it is. The only thing I can suggest is to watch the
AO crossover for entry alerts and exits as well as the AO crossing zero.

(Please note the AO indicator I am using is not exactly like the regular AO. It appears to be calculated a bit differently but it works just fine. The signal line is a 5 period smoothed moving average of the AO. A 5 period exponential moving average pf the AO is fine too.)

Use the best indicators that you can find to point the way, regardless there is only one way to get in and get out that is perfect, no matter how many indicators we have. AO and Kijun 16 get my vote for keeping it simple.

As for Range bars, I think that they work better than Renko bars for this, but that may just be me.
  • #3,736
  • Oct 28, 2018 4:50pm Oct 28, 2018 4:50pm
Quoting Wab
{quote} If you believe that the chart is what we trade then it doesn't matter what method we us to determine our entry as long as that method finds the correct place. The method on this thread is simple and robust. There are others that work just as well but may be more complex. Ultimately we all trade our understanding of the chart and success varies as a result of that. Here are two or three ways to look at the same thing on a M15 chart: The first is our typical Kijun 16 entry with a Super Trend indicator added. {image} I added a Super Trend indicator...
Was hoping for comment on the HULL moving average approach of Rockies and the experience of people who used it - oh well !
every Saint has a past. Every Sinner has a Future
  • #3,737
  • Oct 29, 2018 6:15am Oct 29, 2018 6:15am
Oh well -last post on this site - seems to be abandoned.
E/J did well today ( One Minute Chart - UK time )
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_JPY_20181029_11.12.png Size: 210 KB
every Saint has a past. Every Sinner has a Future
  • #3,738
  • Oct 29, 2018 12:00pm Oct 29, 2018 12:00pm
Guys, does anybody use power indicator , which mentioned at the first pages of topic? Or everybody trade w/o it? I cannot find it on the download page
  • #3,739
  • Oct 29, 2018 9:46pm Oct 29, 2018 9:46pm
Quoting RaiderT
Guys, does anybody use power indicator , which mentioned at the first pages of topic? Or everybody trade w/o it? I cannot find it on the download page
I checked it over the weekend and the site is still down. I liked it and it probably costs me an extra half hour each morning to figure that out on my own. For those interested, I load a second demo feed of the individual currency futures and look for trend strength.
  • #3,740
  • Oct 29, 2018 9:52pm Oct 29, 2018 9:52pm
Quoting slash89
{quote} Can You share a details about Your test? How did You find the best pair to trade?
I trade eastern time (NY US) evenings and only trade JPY or AUD pairs. In my testing I found the break of the horizontal SR line after a new break of the cloud wins about 60% of the time with an average R/R of 1:3. When I added the AO or Hull and RSI my win rate only went up by 5% but the number of trades available dropped by 30%.
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