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Trading with range bars ichimoku cloud & awesome oscillator

  • #4,141
  • Apr 14, 2019 7:18am Apr 14, 2019 7:18am
I think AN is long overdue for a correction having touched a year low @1.02, plus there is talk of a November rate cut. This might keep going north.
  • #4,142
  • Apr 16, 2019 10:04am Apr 16, 2019 10:04am
Quoting samusamu
I think AN is long overdue for a correction having touched a year low @1.02, plus there is talk of a November rate cut. This might keep going north.
I think you are on the wrong thread chum.
every Saint has a past. Every Sinner has a Future
  • #4,143
  • Apr 16, 2019 10:05am Apr 16, 2019 10:05am
No posts !
Here is a round up of Dax and Dow for me today. Afternoon ( Dow) was easier than the UK Dax morning. Done for the day.
Attached Image(s) (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #4,144
  • Apr 16, 2019 2:14pm Apr 16, 2019 2:14pm
HI Turnip,
Does the grey rectangle represent a period of time, pre open perhaps and a breakout of that or something else?
Thank you

Greg
  • #4,145
  • Apr 16, 2019 2:21pm Apr 16, 2019 2:21pm
Quoting falloverpete
HI Turnip, Does the grey rectangle represent a period of time, pre open perhaps and a breakout of that or something else? Thank you Greg
The open of the Dow US session ( UK time) and possible up down "whip" boundary -albeit this time there was little serious whip except for a n open downwards, slight pull back and break below big red opening bar ( note other prices contained within that bar ( inside bars) before break down below rectangle - the big red bar thrust down below rectangle and I entered on its break ( green candle broke its' low) I kept my stop as the big 2:30pm red bar ( entire height of grey box).
every Saint has a past. Every Sinner has a Future
  • #4,146
  • Apr 16, 2019 3:38pm Apr 16, 2019 3:38pm
Right, got it. The rectangle is projection of the opening bars range. Im finding this 1 minute scalping with the ichimoku really fascinating.

Thanks Turnip

Gref
  • #4,147
  • Apr 17, 2019 5:21am Apr 17, 2019 5:21am
Dax - A loser for me this morning. ( short around the grey circle)
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30_20190417_09.05.png Size: 170 KB
every Saint has a past. Every Sinner has a Future
  • #4,148
  • Apr 17, 2019 6:42am Apr 17, 2019 6:42am
I tried this today for the first time, the red vertical line indicates my entry which, in hindsight, was pretty rubbish. I think what went wrong here was i was itching to take this short and finding anything to confirm that, I think i need to calm down and write some checklist rules. The green lines represents a much better entry ( which i was not present for to take). Strong close through out of cloud, kinko rising, osma agreement and a break out of consolidation.
Try again tomorrow.

Greg
Attached Image (click to enlarge)
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  • #4,149
  • Apr 17, 2019 7:04am Apr 17, 2019 7:04am
Quoting falloverpete
I tried this today for the first time, the red vertical line indicates my entry which, in hindsight, was pretty rubbish. I think what went wrong here was i was itching to take this short and finding anything to confirm that, I think i need to calm down and write some checklist rules. The green lines represents a much better entry ( which i was not present for to take). Strong close through out of cloud, kinko rising, osma agreement and a break out of consolidation. Try again tomorrow. Greg {image}
It happens, it's all a learning process. FOMO is a nasty beast! One thing I would say, is that even though you are using this method, don't abandon all the other knowledge you have learned over the years. In this instance, look left. I wouldn't have been sure that this move you were looking to short was going to be strong enough to break that long-lasting level.

On top of that, price has ben below the cloud for a good while without actually going anywhere.

Your green line: Look at the difference - strong move through, contraction/pullback to and rejection of the level and that's where you go in (or at least I would).
  • #4,150
  • Apr 17, 2019 7:42am Apr 17, 2019 7:42am
Thanks lem, I agree with you 100%. I even said to myself that I thought it was a weak move based on price action before taking the trade. I've been thinking about it and maybe I just wasn't taking it seriously enough. Might take a cold bath. Hope I learn my lesson from this. Lol.
  • #4,151
  • Apr 17, 2019 8:04am Apr 17, 2019 8:04am
Quoting falloverpete
Thanks lem, I agree with you 100%. I even said to myself that I thought it was a weak move based on price action before taking the trade. I've been thinking about it and maybe I just wasn't taking it seriously enough. Might take a cold bath. Hope I learn my lesson from this. Lol.
I say this all over the place - but it doesn't make it any less true...It's only a mistake if you don't learn from it.

Now flush it and on to the next one
  • #4,152
  • Apr 17, 2019 10:17am Apr 17, 2019 10:17am
Bad Dax morning but a nice Dow afternoon and done.
Dow short -fell off he shelf again -but be aware that whippy opens are quite usual for this one - they ( whippy moves) will be back( also the Dax).
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #4,153
  • Edited 9:16am Apr 25, 2019 9:04am | Edited 9:16am
Bite out of the Dow - short. Waiting for a long opportunity if Dow tries to claw back slide ( look left) but happy with the early grab -waited to see if it would whip then got in during consolidation.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #4,154
  • Apr 25, 2019 9:09am Apr 25, 2019 9:09am
@CLTrader

Albeit price is climbing from below the cloud -maybe CLT might have a comment here ?
(adding to 9 ma touches?)
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #4,155
  • Apr 26, 2019 3:17am Apr 26, 2019 3:17am
One failed long, one okay short and one okay long so far. ( Poor price action thus far - anything affecting Dax ? )
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #4,156
  • Apr 26, 2019 3:23am Apr 26, 2019 3:23am
Not traded by me but the old FTSE has taken a couple of nose dives like this recently -worth watching in future ?
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE 100_20190426_09.21.png Size: 164 KB
every Saint has a past. Every Sinner has a Future
  • #4,157
  • Apr 26, 2019 4:12am Apr 26, 2019 4:12am
I've only just come across this thread - Im off for three weeks to the states so I'll have a look at what's going on - BTW - I trade the M1, usually between Tokyo open and closed 30 min before euro open - I use a number of other indics but I'll see how your system can benefit me and what I might be able to lend to the group - gotta love the M1 trading -
One thing you might want to add is an 8.13.9 Drake delayed stochastic and another set at 13.26.18 - these will give you heaps of safe step up entry points. Throw in a 720 EMA as well for good luck (that equates to the H1 12 EMA). You'll see the benefit immediately
Cheers
See ya in a few weeks
The more I learn the more I don't know
  • #4,158
  • Apr 26, 2019 4:19am Apr 26, 2019 4:19am
Quoting turnip15
Not traded by me but the old FTSE has taken a couple of nose dives like this recently -worth watching in future ? {image}
not only watching ...
  • #4,159
  • Apr 26, 2019 7:57am Apr 26, 2019 7:57am
Quoting Patje
{quote} not only watching ...
It's been a blast recently, hasn't it!
  • #4,160
  • Edited 5:57pm Apr 26, 2019 11:49am | Edited 5:57pm
Quoting turnip15
@CLTrader Albeit price is climbing from below the cloud -maybe CLT might have a comment here ? (adding to 9 ma touches?)
In real-time, a closing price determines where you'll see something like a 9 wma in relation to price historically. However, IN real-time trading, before the bar closes, you'll see many times where price never touched the 9 wma on the attempted retrace. What's more important? My answer is NOT MISSING THE TRADE. That's why I talked before about opposing bar closes, how many to expect and how almost ALL OF THEM in a trend offer up great reward to risk ratios when you're trading a consistently volatile instrument (Forex, DAX, FTSE, Gold, Crude, ES don't make my list).

There is a high price to pay for trying to optimize two things which are inversely related. Always resist the urge to be "more right" in your trading if you're already in a 40-60 winning pct range, on average.

This forum is RP's party. I think I've pushed my luck on his patience as it is so I cannot answer anymore about this.
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