Hey kthrapp, see you like bollinger bands, have you ever tried using them in conjunction with keltner channels
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I have not tried that before. Some my best trading comes use B Bands (20,2) and RSI (5 period, with the 50 crossover line) and nothing else. But this Ichimoku system looked pretty good so I trade it along side.
One of the reasons I like trading this Ichimoku system along side is it is to catch when the market goes into consolidation mode and I do not over trade. So use my regular signals but if price gets stuck in the cloud then I sit and wait for it to break out one direction or the other. GBP for about 3hrs yesterday so I sat on the side lines a lot. But I do not like to give my money away so it best to be patient.
{quote} I have not tried that before. Some my best trading comes use B Bands (20,2) and RSI (5 period, with the 50 crossover line) and nothing else. But this Ichimoku system looked pretty good so I trade it along side.
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that is almost exact thing i used ! + PA , and yes they make a really good combination to trade with...
Agreed, i don't over trade but i do sometimes trade just to trade. Usually results in small losses or wins.
Hardest part of trading for me after learning what kind of trader i am, was developing the patience and discipline to be
consistent. The occasional trading just to trade is me smacking myself in the back of my head and saying dumbass.
Yes I have a bald spot on the back of my head from that. But I tell everyone else that I'm just loosing my hair due to my age. I have been trading since 1997 and I retired at on my birthday in 2013 at age 53. I live in Wyoming and trade from 5am-11am my time. I mostly trade GBP, EUR, CAD. Usually can find something good during that time. I have a whole library of books from over the yrs, but simple is best. Most people are better traders that they realize, they just get caught up in the emotions and then do not learn from mistakes. FEAR does not win.
Range bars smooth everything out. I use them to trade the e mini dow I use 13 tick rbs. It might be better to increase them it will also increase profit total
I play on line poker to relax me while i'm trading, sounds stupid but it works for me. I retired in 2006 at 53 too.
Moved down to mexico 3 years ago after getting flooded out in sandy. 6 hurricanes in my life was enough!
Only thing i miss from ny is the pastrami.
I play on line poker to relax me while i'm trading, sounds stupid but it works for me. I retired in 2006 at 53 too. Moved down to mexico 3 years ago after getting flooded out in sandy. 6 hurricanes in my life was enough! Only thing i miss from ny is the pastrami.
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don't forget bagels and pizza I also am ex new yorker
Yep thats what i like about range bars, they smooth charts out but not too much like renko bricks do. When i trade futures i'll usually use 5 tick or atr bars, but i don't trade the indexes. I like to trade the treasuries especially the 5 yr. Notes and ultra bonds
plus some commodities mainly cotton and oil.
thanx RP that is very help full i feel having more trouble with situations like below... (when market has no good move) to get it out with small profit or small loss, it happend to me for number of times that ended with BE or much bigger loss ! could u plz explain about this too? cheers {image} {image} {image}
Grew up in the Bronx moved to Babylon long island in 1980 moved to north Carolina in 03. Wife makes me home made blintzes and we get bagels and lox at the bagel bin
I grew up in the North west in Western Montana. So not a lot of Hurricanes there. But it does get cold and a lot of snow. I lived it Texas for a couple yrs and did not like all the tornado's. Last yr we were there we had a lot of them and it was 110 degrees all summer. Said enough I'm going home. But the Bagels and Pizza I'm all over. It is just that life time on the hips part that is difficult. But I read a lot while trading to relax. Even now I have to control my emotions when in a trade. usually do not break my rules. But sometimes if I do not have good feeling about a position and I can not shake it then I just exit.
Fear can not rule, You can not be afraid to trade and you can not be afraid not to trade. Most people freeze after they have a few losses. Just have to be strong willed and refuse to lose.
For what ever reason i've never been very good at the indexes. I like zf and ub they are very predictable what ever
the usd does they do. Plus nice bang for the buck zf pays 7.81 per tick on 990 margin and ub 31.25 on 5200. Definitely
less trades though.
Trading with range bars ichimoku cloud & awesome oscillator
