{quote} Is the drink for the grandson to keep him quiet?
Trading with range bars ichimoku cloud & awesome oscillator
- #4,222
- May 28, 2019 10:46am May 28, 2019 10:46am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Is the drink for the grandson to keep him quiet?
every Saint has a past. Every Sinner has a Future
- #4,227
- Jun 10, 2019 11:37am Jun 10, 2019 11:37am
{quote} Yeah but there is also a difference between ticks versus pips.... But I have to agree that nq futures are very brutal
{quote} Tell me about your stop loss/risk management when you trade the dax, dax expert
- #4,232
- Jun 18, 2019 3:01am Jun 18, 2019 3:01am
I just need to say something about the trading journey.
Trading is rewarding if done well.If you have chosen trading, try not to give up, then come back after a year, or after some months,etc and starting again.
Rather, dont give up if you are frustrated,go to demo and carry on learning every day.The trading journey depends on the constant looking at charts and learning the price movements.So, if u quit and come back say after 1 year, that break in learning is detrimental to your advancement in the trading journey.
Since a colleague told me about online trading in 2017, i have rarely gone a single day(unless i have been angered by a whipsaw or gone thru something like a serious losing streak) without looking at charts,studying price movements and trying to improve.
Also, please note that seasoned traders do countetrend trading and trade against the trade or with it based on a lot of things like big round numbers etc.
Unless you are seasoned, if you are struggling and getting frustrated, please trade with the daily trend or 4h trend or 1 hour trend.
In forex trends are stubborn and can go on and on without sharp turns.
I never want to go against the 4h trend for example.When i do out of frustration waiting for trades i get burnt.Trend trading requires patience because out of the 14 instruments i watch, a day can go by without a good set up.
I am still working on this discipline too.
Look at the attached euraud chart.fROM 5 JUNE 2019 TO 18 JUNE 2019 PA is above the kumo cloud and there is no need to sell at all unless u r a seasoned scalper.Trade with the trend until you are ready to countertrend trade if u want to also countertrend trade.
Trading is rewarding if done well.If you have chosen trading, try not to give up, then come back after a year, or after some months,etc and starting again.
Rather, dont give up if you are frustrated,go to demo and carry on learning every day.The trading journey depends on the constant looking at charts and learning the price movements.So, if u quit and come back say after 1 year, that break in learning is detrimental to your advancement in the trading journey.
Since a colleague told me about online trading in 2017, i have rarely gone a single day(unless i have been angered by a whipsaw or gone thru something like a serious losing streak
) without looking at charts,studying price movements and trying to improve.Also, please note that seasoned traders do countetrend trading and trade against the trade or with it based on a lot of things like big round numbers etc.
Unless you are seasoned, if you are struggling and getting frustrated, please trade with the daily trend or 4h trend or 1 hour trend.
In forex trends are stubborn and can go on and on without sharp turns.
I never want to go against the 4h trend for example.When i do out of frustration waiting for trades i get burnt.Trend trading requires patience because out of the 14 instruments i watch, a day can go by without a good set up.
I am still working on this discipline too.
Look at the attached euraud chart.fROM 5 JUNE 2019 TO 18 JUNE 2019 PA is above the kumo cloud and there is no need to sell at all unless u r a seasoned scalper.Trade with the trend until you are ready to countertrend trade if u want to also countertrend trade.
- #4,236
- Jun 18, 2019 5:04am Jun 18, 2019 5:04am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Thanks.I have been experimenting with the Dax and have had good results.I think my challenge trading the Dax at the moment is that i am still in full employment and indices need to be watched much more than forex where i can check a trade after some time even 30 mins. There is a guy i have seen trading indices on ichimoku 15m cloud breakouts.I would prefer that but that needs a much bigger account than i have to absorb the drawdowns.
The first is The Russ2k, where I have 2 trades running just now. One is at +21.4 and the other +27.2 and I barely look at them.
Russ2K H4 In play. Sitting at +21.4 and +27.2
Now The DAX with the same method.
DAX H4
I am not in on this just now but could quite easily have been. I tend to forget to check for long time frame set ups as just too busy scalping but what it can do for you is act as an effective hedge while those same scalp trades are being played out on the 1-min charts, so I can be bagging as price moves both for and against me.
As I said, this is not the exact method as RP's and if anyone objects I will of course delete these posts. I simply wanted to show that it would be possible for someone using the method here to adapt it to the H4 and up by picking the right instruments.
- #4,237
- Jun 18, 2019 5:14am Jun 18, 2019 5:14am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,238
- Jun 18, 2019 5:19am Jun 18, 2019 5:19am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
UK Morning - Dax chart:
If Dax did this everyday
If Dax did this everyday
every Saint has a past. Every Sinner has a Future
- #4,240
- Edited 7:55am Jun 18, 2019 6:42am | Edited 7:55am
{quote} Here's a couple of examples. The first is The Russ2k, where I have 2 trades running just now. One is at +21.4 and the other +27.2 and I barely look at them. Russ2K H4 In play. Sitting at +21.4 and +27.2 {image} Now The DAX with the same method. DAX H4 {image} I am not in on this just now but could quite easily have been. I tend to forget to check for long time frame set ups as just too busy scalping but what it can do for you is act as an effective hedge while those same scalp trades are being played out on the 1-min charts, so I can be...
I also think it is quite revealing to show how the smaller time frames behave as higher time frames on the ichimoku which also refutes the suggestion by some thAT the ichimoku cannot be used on smaller time frames.
According to Wikipedia the founder of the ichimoku,Hosoda " spent 30 years perfecting the technique before releasing his findings to the general public in the late 1960s".This system is ....im lost for words
