Trading with range bars ichimoku cloud & awesome oscillator

Two trades on the Hang Seng. First a loser second a winner( As I watch now probably out to early.

Very quick trade on the Hang Seng. Think I was lucky here as there was a very quick jump up. Bit of a wild beast at times.

HSI again. Done a reverse and cancel instead of a Flaten and cancel to get out. Cost me 18p. Still a winner. Can't be lax in this game.

Small win on the gbp/aud and bit better on the gbp/nzd and dax

Hi there, are you using currency strength indicator. Also which range bars are you using?

Hi civilpes2001,

I use the sierra charts trading package. 5 pip range bars as per Rocky set up. Theres a currency strength meter that's intergrated as a study for sierra charts.
If you're referring to the colour of the bars, this is a study in sierra charts that colours the bars depending on certain conditions being met. In my case I also use an ADX and RSI(these are hidden on the charts, Rockypoint made mention of a system using these in a previous post... not sure which one). With settings of ADX > 20 and RSI >55 for long colouring (green) and ADX > 20 and RSI < 45 for short colouring(red). These can be played with to what ever suites. Know nothing of MT4 and whether this is a feature. Have not really proved its worth yet as only been using for a month, but find it helps with my entries.

Cheers

Hey thanks for the reply.

Trade on the GBP/AUD. 18 pips

Season’s greetings to everyone!
I hope we are all well and not thinking of giving up.

I said in the past that I would continue to post trades here.
I am writing this post to say that I will not be able to carry on doing that.
The reason is that I do not trade range bars anymore. I still use ichimoku but on m15 charts.
If people post something that I can be able to help with, I will be able to help.

I want to thank you all.
Many thanks to RP for this thread. I learnt a lot from it.I still go back to posts here to improve my trading.

Before I finish the post, I just want to say one thing.

You might have changed systems, did this, did that and success is still elusive.
It’s not the system. It’s all mental. It’s all psychological

Renowned traders’ psychologist, Van Tharp says “You do not trade the markets—no one does. Now that might sound surprising to many of you. But what you really trade are your beliefs about the market… .”

Never ever forget this.
Its a trader's past experiences that are deeply entrenched in his/her subconscious mind that are limiting him/her.(NB* Your subconscious mind controls around 95% or more of your thoughts and your conscious mind controls the rest.So you may consciously say I am a winner but what does your subconscious think about that?)

Let me try to explain:lets say you grew up in a home where you were mocked, beaten up etc for being wrong.What did these experiences cause you to do? Which limiting beliefs did these experiences cause you to adopt? Your ego back then, chipped in to protect you. Your subconscious, in a bid to protect you, made you adopt a limiting belief that “I must be right at all times”. This is because whenever you are wrong, you can be assured that pain, hurt, injury, shame, embarrassment is coming from whoever was beating you, insulting you, abusing you etc.

Fast forward to today.
As a trader, what happens when you put on a trade? You want to be right at all times based on your childhood belief.In other words you have a fear of being wrong.

This is why people search for non existent systems that win 100 % of the time because they dread being wrong.This is why when the market moves slightly against you, it makes you nervous,feels you with horror.The ticks against your position are just as threatening as the people who victimized you for being wrong back in the past.

Also, because you don’t want to be wrong, you get out with a 5 pip profit or something small when the market is really promising to go for 100 pips plus because you don’t want to be wrong.

This is also why people move stop losses to avoid the pain of being wrong.
The subconscious mind wants you to avoid pain and does not differentiate between physical pain or non physical.
It sets out to protect you as if you were under an attack by an animal, causing an amygdala hijack which makes you take flight and self sabotage your trades.

This is also why some people search for a 10 pip a day system because to them this is easy.Unbeknown to them, they are subconsciously searching for a painfree system based on their beliefs.

Trading is not just trading.Trading is confrontation of all our fears. Trading digs deep and lays bare our past, our desires, our thoughts and shortcomings.
To move from being an unsuccessful trader to a successful one is like going to a psychotherapist to lay everything bare,tears and all.Trading makes one confront themselves.This is why when one begins to succeed in trading, things fall into place in their lives because the deeper truth about succeeding in trading is that you have overcome your fears, your limiting beliefs.

Another limiting belief is that Money is evil or Rich people are greedy, evil crooked etc.
Many people grew up being fed these beliefs until they became their own beliefs.

Today, when you become a trader seeking to profit from the market, you try so hard and fail.Why? Because deep down at the core of your being, your subconscious mind is not allowing you to succeed in the markets because there is no way you can have abundance if money is evil, if to be rich is to be crooked and greedy. In other words, essentially,deep down, you do not believe in being rich and your subconscious mind will make sure of that unless you take the energy out of these limiting beliefs and create new ones.

This is why when people win a lot, they give it all back.This is why people self sabotage eg breaking rules.All this happens because the truth is that this person cannot be rich unless beliefs are changed(law of attraction).

There are many limiting beliefs.Find out the ones that affect you.

So what is the solution? Identify your limiting beliefs and take steps to get rid of them.
One powerful way (there are other options) is to come up with a counter belief and then visualize yourself in that new belief. This must be done with sincerity, with emotion. If this is done without emotion, it will not work because limiting beliefs were brought about through emotion(what you felt as a result of shame, embarrassment ,injury etc when you look at the first limiting belief I posted up there) hence only emotion can undo it by channeling the energy from the useless belief to the new one.

Some traders take much less time to succeed at trading. It is possible that such traders have little or probably no limiting beliefs. In other words, the more troubled one’s past is, the greater the likelihood that such a one has a good dose of limiting beliefs.
Trading is a journey of realizing that as a child, our parents/ guardians ignorantly said a lot, did a lot to expose us to situations that caused us to adopt limiting beliefs. Trading is about forgiving those who ill treated you, those who made you feel shameful and so forth.Its about realizing that your subconscious mind is not an enemy.It protects you from the harm even if it does so to your detriment.

Trading is about forgiving yourself, renewing your mind and adopting new beliefs.
I am still confronting limiting beliefs and getting rid of them....

Fellow traders, do not give up.The success you seek is inside you.You were born with it.It is only obscured by limiting beliefs.Limiting beliefs brought about by the environment we grew up in.
Remove these beliefs and unleash the super trader in you.
All the best!

Seasons greetings as well ichikuse. You will be missed. You have been one of the big contributors to this thread and always gave good insights/analysis along with an encouraging attitude to stick with it and never give up. I certainly intend to. I wish you all the best with your trading endeavours, good luck and many pips to come.

Cheers.

Will be missed @ichikuse. My trading setup is the way it is right now with the info I studied here from you too. If you start a thread you can be sure I will be there, even if I don't talk much.

Thank you. Good luck.

Just stopped by:
Here is another view of Itchimoku - a stripped down version. Combine Williams %R ( or not - your choice) and see what you think.



and


watch

Hi T 15, not sure you will see this, but I did watch the vid. Interesting, but clearly designed for D1. Some aspects of Ichimoku still seem to work decently well on quite low TFs.

I think the set up for this forum continues to be a winner. I admit to just now returning it but my due diligence checks still look good. I intend to take trades come Monday (on NY for me since I am 3 hours behind them).

Thanks for posting the video with interesting commentary.

FS

29 pips on the gbp/aud

HI turnip15 i just read this thread and i see you trade m1 timeframe just like me. i want to ask you is it effective to use this strategy of RP for m1 timeframe? because I don't see you using it lately, can you tell me why? Looking forward to hearing from you. thank you very much!