Trading with range bars ichimoku cloud & awesome oscillator

hey T, the opening ot the Nq looked great....if you took the first opposite candle or the first retrace to the in my case ema a very good RR entry .....while i am writing is see that my target is hit...

Whichever seems to set up first.

Summary of Dow - UK time

The EURO has taken a hit after some news releases.
I have closed my positions.

Nice trades ichikuse. You would have to be pretty chuffed with that effort. Were you aware of the news event? or did you just ignore it. Small time window to get in and out.

Hi Alcol, it feels good indeed and on a Friday!
I was aware of the news.I went in when price was falling after the french data.The German data a few mins later could not stem the fall.
I have resolved to trade news the way RP says he trades.When a valid setup appears before news i enter with a tight stop.
Many times i have seen price fall/rise just before the news and then the news accelerates the fall/rise.

Missed this E/J trade cos I went shopping with the wife.
(Got back about 1:10 pm - UK time) ( also missed a Dax trade)
She said, " never mind"

I didn't miss this one - must tell the wife
Enjoy the weekend folks.

Turnip15,

Do you use the MAs on your charts to determine exits and SL? If so, can you share?

Thank you in Advance!

No I don't.

BAD Dax day ( finished 10 am UK time)
Cannot win them all.

Last pic as the reference:

Now that's a choppy uptrend. See how the one-legged 9 wma trends held up though and you don't see hardly any red bars in those one-legged up-moves?

On a 1 min chart when the volatility is good, you should see legs of the main trend give you 1-3 moments of 1-3 opposing bar closes before they continue. When you get straight up moves with all green bars or straight down moves with all red bars, I get very wary of sharper pullbacks (easy up / easy down kinda thing).

However, when a highly correlated group like the e-minis (NQ, YM, RTY, ES, EMD), if they're all moving strong in 1 direction, that's the exception. Those are the days where you don't get too picky about entries in the trend, just make sure you get in, even if it's your smallest bet!

If any of you follow the e-minis, specifically the YM (Dow), NQ (Nasdaq 100) and RTY (Russell 2K), the Russell currently will tend to have less opposing bars when it gets moving in strong trends vs the other 2.

In your real trades, even if you just note it as a paper trade or make a mental note, add to the pauses in that trend. The pauses will either hold a 9 wma or a 20 ema on a closing bar basis. These pauses should tend to last no longer than 4 opposing bar closes (at the 4 level, the bodies will tend to be small relative to the high and low). But "dance with who brought you" as the American saying goes. If you are basing your analysis on a 9 wma very strong trend holding as you're adding then that that's the line in the sand you don't want to have collapse. Same with the 20 ema.

There's no penalty for picking your main entry, adding on the pauses, get out when you're heavy and RIGHT about the direction and then having a secondary way of re-entering into the main trend. Personally, I don't want to participate in any trend which cannot hold its 20 ema. All the "hot trends" in good volatility trading instruments tend to honor this boundary.

[Just a note on how I position size: I never am holding the heaviest position I'm willing to take when I start a trade sequence. In fact, it will be my lightest. I want the market to catch me "light" when I'm wrong and "heavy" when I'm right. Common sense: the beginning of every trade sequence is when we know the least about what is going to develop so I can't "pile in" too much too soon. As more evidence of being right develops, so should my size, unless I've decided upfront that I'm strictly going to trade all-in / all-out. One size in and out still gives me the win to loss ratio advantage as I do not depend on high winning pcts (> 60%) to win in the longer term.]

Awesome insight! Thank you for explaining.

In a previous post you mentioned that price did not have to be above the MA to initiate a trade. Do you mind elaborating on that point?

"
There has to be a "line in the sand" for you to be willing to stay with a trade. My personal preference is a common one among day traders: if a strong trend cannot hold a 9 wma or a good trend cannot hold a 20 ema, then I don't want to stay in the trade. This is not the same thing as demanding that price be above a 20 ema to initiate a long or below a 20 ema to initiate a short but this post is too long already and that's another story (but to confuse things more, yes, you need to be above a 9 wma for a long (strong trend), below for a short )."

The Dow was nicer to me

Just closed my EJ long as price seems to be stalling at the round number 125.
Missed GJ which went up 70+ pips!

No Dax this morning -out with wifey.
See what I missed :-)

Good start to Dow though this afternoon :-) - Seems to pay off waiting out Dows propensity, sometimes, to thrash about at open.

Now short -good advice from earlier poster ( Patje ? ) to wait out chop

Play the reaction, not the move.

Me no comprendo señor