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Trading with range bars ichimoku cloud & awesome oscillator

  • #81
  • Mar 21, 2016 10:36am Mar 21, 2016 10:36am
Gw, A little unsure what you are showing me on your chart, is this a trade, is this a question about entry.
  • #82
  • Mar 21, 2016 11:00am Mar 21, 2016 11:00am
Quoting golden-way
here,s mine... if i did catch up earlier there was many even smoother ones... {image}
Hey GW was that a trade on the break out below 1.4385?
  • #83
  • Mar 21, 2016 11:19am Mar 21, 2016 11:19am
i think you guys never used mt4, isnt it?
yes this is a position i made.. blue little lines represent target and red ones sl
this pic shows when i got in & out...
i meant your professional viewpoint about it in general...
like perhaps i should trade earlier or later or so... ?
Attached Image (click to enlarge)
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  • #84
  • Mar 21, 2016 11:34am Mar 21, 2016 11:34am
Quoting kthrapp350
{quote} Hey GW was that a trade on the break out below 1.4385?
Hey kthrapp350 , no it was a little higher
showed it in the pic above...
  • #85
  • Mar 21, 2016 11:36am Mar 21, 2016 11:36am
Quoting golden-way
{quote} no kthrapp350 it was a little higher showed it in the pic above...
I was not even looking at this chart because of the messy chart. But for me this is how I would trade that. I was trading CAD/USD this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_16-03-21_10-33-57.png Size: 93 KB
  • #86
  • Mar 21, 2016 11:45am Mar 21, 2016 11:45am
Keep in mind GW, I live in the Western US. So I was not in front of my computer when you entered. But I like your entry points and you made a profit.
  • #87
  • Mar 21, 2016 1:38pm Mar 21, 2016 1:38pm
GW, Agree with Kthrapp entry points and exits both fine. No never traded on MT4, use a full service broker so I can trade, fx, futures and options from 1 account.
  • #88
  • Mar 21, 2016 2:01pm Mar 21, 2016 2:01pm
Quoting rockypoint
GW, Agree with Kthrapp entry points and exits both fine. No never traded on MT4, use a full service broker so I can trade, fx, futures and options from 1 account.
Were you able to negotiate commissions on TD? Both FX and Future commissions are significantly higher than industry standards. It seems if what you mentioned is what you are after, Interactive could be a good fit with significant pricing advantages. ThinkorSwim is a certainly a better platform than TWS, but you could use Interactive through Ninjatrader.
  • #89
  • Mar 21, 2016 2:09pm Mar 21, 2016 2:09pm
Quoting kthrapp350
Keep in mind GW, I live in the Western US. So I was not in front of my computer when you entered. But I like your entry points and you made a profit.
thanx Kthrapp here s how i saw it
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSkDM2.png Size: 57 KB

is this authentic way to think of it RP ?
  • #90
  • Mar 21, 2016 2:58pm Mar 21, 2016 2:58pm
JMAURICE, I know I pay a little more on Tos and I'm fine with that, the platform is fantastic, the customer service is great add in the available seminars and traders chat rooms all excellent. My accountant set up a Trading corp. so everything is business expenses not investment expenses
probably not explaining very well but that stuff puts me in a coma. My understanding is that w hile technically commissions are not deductible as
commissions they can be added to your cost of the contract and lower the profit, this is why I hate that stuff.
  • #91
  • Mar 21, 2016 3:47pm Mar 21, 2016 3:47pm
Quoting rockypoint
JMAURICE, I know I pay a little more on Tos and I'm fine with that, the platform is fantastic, the customer service is great add in the available seminars and traders chat rooms all excellent. My accountant set up a Trading corp. so everything is business expenses not investment expenses probably not explaining very well but that stuff puts me in a coma. My understanding is that w hile technically commissions are not deductible as commissions they can be added to your cost of the contract and lower the profit, this is why I hate that stuff.
Got it - thank you for the response. I have been reviewing all my options in the US of which there aren't many, particularly if spread is important. I have other accounts at TD (IRA, etc.) and I like that they are a big, well-regulated company and that they offer everything. Interactive is similar in my mind, but with $2.00 minimum commissions the structure didn't offer a discount to FXCM until trading FX over 50,000 trade size (1/2 lot) so didn't make sense for me to start there.
  • #92
  • Mar 21, 2016 4:16pm Mar 21, 2016 4:16pm
Did you know TOS has 2 different sets of FX pairs the normal fx where the spread is the commision or commission based FX pairs where
its .7-1.00 usd per .1 contracts and most spreads are then .4 to .8. the future contracts re btween 2.6-3.8 usd comm.
  • #93
  • Mar 21, 2016 4:18pm Mar 21, 2016 4:18pm
GW yes there is nothing wrong with your reasoning, nice trade.
  • #94
  • Mar 21, 2016 4:22pm Mar 21, 2016 4:22pm
I love my grand children but breakfast at a restaurant with all 7(age range 2yrs to 11) is exhausting, they all went whale watching I need rest!
  • #95
  • Mar 21, 2016 4:27pm Mar 21, 2016 4:27pm
Quoting rockypoint
Did you know TOS has 2 different sets of FX pairs the normal fx where the spread is the commision or commission based FX pairs where its .7-1.00 usd per .1 contracts and most spreads are then .4 to .8. the future contracts re btween 2.6-3.8 usd comm.
Yes, but my understanding was it is a $1.0 minimum commission or $0.10 per 1,000 = $100/Million ($10/standard lot per side). For comparison sake, Interactive is $2.0 minimum or $20/Million ($2/standard lot per side). FXCM is $40/Million ($4/standard lot per side) with no minimum. All three (TDs #currencies, Interactive, and FXCM) all have the same spread on the EU.

On the futures side, Interactive is $0.50 + exchange fees per side ($2.10 w/ exchange fees) for currency futures, $.85 for other futures + exchange fees. Dorman/Phillips are a better deal if you own Ninjatrader for non-currency futures at $.53 + exchange fees per side.
  • #96
  • Mar 21, 2016 6:08pm Mar 21, 2016 6:08pm
Can't argue with you they are definitely cheaper, but the platform works for me. I trade and let the accountant deal with the rest any way it works
for me, he set up an Llc, which gives me a bunch of tax breaks. Any way since he did it 4 years ago my taxes have gone down a fair amount.
  • #97
  • Mar 21, 2016 6:58pm Mar 21, 2016 6:58pm
Quoting rockypoint
Can't argue with you they are definitely cheaper, but the platform works for me. I trade and let the accountant deal with the rest any way it works for me, he set up an Llc, which gives me a bunch of tax breaks. Any way since he did it 4 years ago my taxes have gone down a fair amount.
Hey I'm definitely not trying to argue or anything - just been recently doing in depth research so it's fresh on my mind. I think the commission part of the equation is a bigger deal for my trading system as I am targeting 4-8 pips a trade versus your 25+ pip/tick trades here. I would love to just stick with ToS but at 20% of my base target per side, the commission is just too much. Thanks for the conversation - and thanks for sharing your system!
  • #98
  • Mar 21, 2016 7:08pm Mar 21, 2016 7:08pm
No problems J, didn't think you were. After running a construction co. for 35 yrs. I decided not to sweat the little stuff anymore, less stress let the
accountant do it(He's my brother and has no trouble telling me I'm being and idiot and/or other my colorful names).
  • #99
  • Mar 21, 2016 7:09pm Mar 21, 2016 7:09pm
What's your systen JM?
  • #100
  • Mar 21, 2016 9:31pm Mar 21, 2016 9:31pm
Quoting Ygr
What's your systen JM?
I've come to the conclusion that all systems can be boiled down into three things (at least systems that I have seen successful traders use): breakouts, reversals, or retracements, and in reality retracements are just reversals of a minor trend back into the major trend. So that really makes trading all about breakouts or reversals. Next, it has to be determined what is being broken or what is being reversed (they are the same thing), and how to actually trigger the trade. Last, how the trade is managed has to be decided.

As an example on Mr. Divergence's thread, he is trading the "2b" which is basically a 2-leg pullback in a trend (of a failed 1-2-3 opposite the main trend [reversal]). The reversal after the second leg of a 2-leg pullback is a basically a failed-breakout (i.e. reversal) of the first leg. He is also trading 1-2-3s back into the trend. The 1-2-3 is simply a breakout of point 2. Here, Mr. Rockypoint appears to be trading breakouts into the new trend after a trend change - the indicators are used as filters, but the actual trigger (and the setup) is the level that gets broken.

Anyway, that's how I look at things, for whatever its worth!
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