Trading with range bars ichimoku cloud & awesome oscillator

FTSE often overlooked by many.

..wasn't able to trade this but a beauty (FTSE).

En - entry
D1 - demand for potential pullback
D2 - as above (greater probability)

..long from the pull back.

had a bit of fun this morning on aussie index


edit - another one

E/J bit of a battle

Dax Index much better

Look at Ivanyo's 2 charts just above this post.

In the trends he shows, you could enter on any of the opposing bar closes and your reward to risk ratios from from respective entry to where the trend ended would have been very good. This happens all the time in trends. It's the nature of trends: more bars closing in favor of the trend, less bars closing against the trend.

It's the "less bars closing against you area" where you enter to get the great reward to risk ratios. Which close?

A) You don't know how many opposing bar closes you'll get against you while in a trend. The tendency is 1 to 4 (in a row) where the overall retrace will hold either a 9 wma (weighted moving average) [sign of a very strong trend] or a 20 ema on a closing basis [sign of a strong trend].

B) Obviously, you never know the end of the trend in real-time either. You don't need to. You know from your research the kinds of reward to risk ratios you'll get on average and that certainly is attainable without knowing the future. The more volatile the trading instrument, the better your RR ratios will be in the trends.

A bad trade is guessing you're in a trend when you're not. The good news is that you're entering a standard lot size, not the maximum amount of what you're willing to finally add until you exit. So the market catches you holding your lightest position when you're wrong from the very start and it finds you holding your heaviest position once the trend has gone your way, you've added on the opposing bar close pullbacks (i.e. pick 1 per pullback, not all of them). Just don't let the market move against your pentultimate (2nd to last) position.

Here's a chart of part of the Feb 4th (Monday) downtrend on the HSI (Hang Seng Index). Measurements are from all of the pullback bars in the downtrend, starting with the 1st pullback once price had closed through the 9 wma (gold line, cyan line is the 20 ema). The white box shows the approx measurements of the respective greatest risk and greatest reward for each opposing bar close. You see it in points and dollar figures (US Dollars). I marked the 1st measurement to show the 1st calculation in the white box.

I wouldn't call this "cherry picking" when anyone can go over 100's and 100's of charts and clearly see that this is the kind of thing you will see more times than not on volatile trading instruments. Stunnnig statistics from very simple observations.

RP is offering up HOW to get into nice trends with a higher degree of confidence that you actually are entering into a trend which will continue. There's other ways to catch trends much earlier, reducing your winning pct to 50% area but increasing your reward to risk ratios overall, but that's not the subject of this thread so I'll stop here.

@CLTrader

Dear old FTSE -often ignored for racier indices
With 9 and 20 ma added

Nicely wrangled, T.

Yeah, the early move was so sweet. Kicking myself for diddling about elsewhere and missed the KO. Chum-in-the-water later on. I came our green but so much effort needed, ugh!

Rubbish Dax trades bar one.

..FTSE - clear lines in the sand to break above first, could have taken the break but prefer pull-back entries which in this case took precedence over the 'rules', as price came back and closed within the cloud and AO flipped..held on and took a few points heat while demand was eaten up. Took profit at the 08:25UK supply.

unfortunately missed this trade because money was stuck in another index, but nice moves down

in and out of aus200

Hey,

just wondering if Rockypoint still actively in the thread?

Thank you

..he drops in every now and then; hasn't posted for a while.

Tried the Nas100 today

Dax less volatile this morning ( UK time)

Thanks.

Getting some demo practice in with it. I was tempted to trade futures but think I might stick with FX. Would appreciate thoughts on Futures vs FX with this system. Reason I ask is I cant trade Futures and FX with same broker so its not easy switching back and forth. Takes days. I am almost done reading through the whole thread which has taken a lot of time lol.

Trades on demo

Has anyone tried this in a swing trade fashion with higher time frame (hourl or 4-hr) or larger range bars?