Up In The Clouds!

Disclaimer: I did not develop this system. It originated from a system used to trade minute charts and I have made some adjustments to trade it on higher time frames. This is a Work In Progress.

Thread Rules

- Do Unto Other as You Would Have Others Do Unto You.(Can't We All Just Get Along!?)

- ONLY Charts using this system are to be posted.

- Please read the whole post before posting.

Up In The Clouds Trading System

Time Frame

4 Hour Chart.

Why? Because I don't like to sit and watch every little tick that happens. That being said I also don't want my chart to look totally different every time I look at it. I have found that with the 4 four chart it is very easy to see nearly every candle on the chart form, all while only having looking at your positions 4-5 times a day for a few minutes. (Trade to Live, Don't Live to Trade)

Indicators

- Ichimoku Cloud

- 50 MA or Simple Moving Average

- Stochastics

- Hiekan Ashi

Pairs I Trade

(14 Pairs Total)

EURUSD

GBPUSD

AUDUSD

EURJPY

GBPJPY

AUDJPY

NZDUSD

USDCHF

EURAUD

GBPAUD

NZDJPY

GBPNZD

GBPCHF

Entry Signals

Buy Signals:

Price Must Be Above The Cloud.

Price Must Be Above The 50 MA.

Hieken Ashi MUST have closed green less than 50 pips away from the 50 MA.

Stochastics Must Be Between 20 & 50.

Sell Signals:

Price Must Be Below The Cloud.

Price Must Be Below The 50 MA.

Hieken Ashi MUST have closed red less than 50 pips away from the 50 MA

Stochastics Must Be Between 50 & 80.

All Entries are placed at the close of the triggering HA Candle.

Exit Signals

Stops:

I used a fix stop of 50 pips or the last swing high/low(which ever is less).

Limits:

I will always use a fixed TP of 100 pips which will close half of the position and set stop to Break Even. Then let the winners ride. As the winners keep running I will move the Stop up 100 pips for every 100 pips the trade continues to run.

NOT RECOMMENDED FOR EVERYONE. Every body trades a little different so your exits should fit your trading style/plan. This is what works for me.

Trade Examples

GBPUSD

EURJPY

USDCHF

GBPAUD(Note: There Is No Stochastics On Image! Whoops!)

GBPCHF(Note: There Is No Stocastics On Image! Again, Whoops!)

Trading Plan

(Simplified)

Weekly Goal: 10%

Max Risk Per Trade: 2%

Max Position Size Per Trade: 10:1 Account Ratio

I recommend everybody creates a detailed growth plan for themselves so you know what your goal is. This is EXTREMELY important. You need to have goals or a target. Imagine a missile with no target. You will also be surpassed to see how much you can make after 2 years or so if you FOLLOW your plan.

Books That May Help You and Your Trading.

(Remember Your Net Worth Is In Direct Correlation With Your Self Worth)

Think and Grow Rich

Blink!

Outliers

All of the Market Wizards Books

Psycho-Cybernetics

It's always good to see a new live explorer in town, I will follow you and your progress with interest.

Trade well and Good Luck.

Dear TheDDReport,

Interesting system. Subscribe. 1 question. What is the setup for Ichimoku Cloud and Stochastic. Below are the standard setup in MT4

Ichimoku Cloud: Tenken - 9
Kijun - 26
Senkou - 52

Stochastic : KPeriod - 5
DPeriod - 3
Slowing - 3

Did you not read the thread rules? i doubt you didnt since you obviously didnt read the buy entry rules either. price must have closed green above the cloud and they must have been LESS than 50 pips away from the 50 MA.

since you dont read ill draw it out for you.




and Howard you can use default settings. this is also why i like this system. no crazy tweaking of charts and indicators. Just make sure to not use any of the ichimoku cloud lines. I make them the same color as my chart background so i dont see them.

I think he was talking about the short signals that are right before where he circled. Both were at the ends of the ranging periods.

Sorry I'm tired, I read "more than" instead of "less than".
Hope you'll win green pips !

here you go



also i am not claiming this is some HOLY GRAIL. there will be losing trades. You must be able to control your emotions and risk for any system to work.

Its never the game, its always the player.

Hello
What about this one, would it be valid short?

There are not a lot of signals and there are too much false signals like this. Maybe you have to filter these trades with other indicator

That at would be a valid signall and it wouldn't have worked. But the next signal you would have made your money back and more. This is why a lot of you won't ever be successful trading. One trade doesn't work out and you think the system you are using is broken(this is not directed toward IenDZI this is just in general). Again this isn't a holy grail.

btw thank you IenDzi for asking a question after reading the rules and pointing out an actual VALID example


And good game if your so tiered you can't read the rules go to bed. PRICE MUST BE/CLOSED ABOVE THE CLOUD. The price was not above the cloud nor did either of those candles close above the cloud in that picture. Also i dont expect to be getting signals very often, that is why I watch it over 14 pairs.


And then further down the chart it looks like 2 good sell signals were printed... OPEN YOUR EYES.

Now enough of that. Talk is cheap. that is why i made the explore to go with it and it is not a demo so i dont want to hear any " o well any one can do that on a demo". I will be posting pics of all trades I take this week. lets see what happens

Thanks for sharing your system with us. I'm in

I've a day job that unfortunately sometimes makes me unable to watch charts every 4 hr so I have to stick with daily timeframes
Have you ever tried it on daily charts?
In your opinion, how many pips from the MA I should consider as a valid filter on a Daily TF?

Many thx and sorry for my english

have you considered using teamviewer and a smartphone? this discovery (thanks tnavi from still basketting thread) allowed me to view charts at work on my phone every 4h...

Teamviewer would definitely help. You can use presentation or remote control function.

If I were to trade it on the daily I would first try that the price must be 75 pips from ma( I would also use this as a fixed stop and I'd set a fix tp of 150). You usually always want to have a 2:1 ratio or better IMO. Again every trader is different, this is just my opinion.


Again i have yet to try it on daily charts so I am not sure as to how well it will work.

Do you use an indicator for taking 1/2 profit and moving SL or do you do it manually?

Stops I move manually and I will have a pending order to sell half of the position at 100 pips. I don't know how to code ea's or anything like that to make it happen automatically

GBPUSD Long Triggered.

Entry: 1.6182
Stop: 1.6132
Limit: 1.6282





looking for GBPUSD to push new highs this week. this could be a very good entry for big break out according to weekly the weekly chart. Will still sell half @ 100 pips n then let the winners RUN!

Hi DD...

could you direct me to the original system that was used on minute charts? H4 is just too long for me

thanks for sharing

Oh thanks , I just login to ask whether this is the valid entry and saw your update, I am in the same trade.