Trading with range bars ichimoku cloud & awesome oscillator

Hey RP, good to see u back...

my trade for today:

winner (+39):


I also had 2 break even trades and am still long in USDJPY

in relation to my last qs... whats the reason of failure in this order if eddman" ?
what was the right entry?

last trade reach TP (+40) and in the image you can also see one of the BE trades from earlier today:


come to think of it, the BE trade probably shows one of the draw backs of using fixed TPs like I do...Rocky would probably have gotten out of that trade with a solid profit...

probably something that Rocky should answer more than me. IMHO I entered that trade in a bad way... I simply didn't wait for the completion of the candle bar, what looked like a full bullish candle when I entered, then turned out to be a bearish pinbar... and bearish pinbars near resistance line is a very good indication of where price is going (down). so shame on me!

Hi GW, Eddmans answer is right on, if you are entering wait for bar to close and wait for a complete break of S/R. at least 1 full bar. Heck I know people that trade only pin bars for a nice living.

Nice trades Eddman, your right I probably would have made a profit on your B/E, but I also would have probably had a B/E or small loss on your GBP/JPY winner.
This system is very adaptable to a traders style and you seem to be adapting nicely.

RP based on what i,v seen in your pics... i feel if u were there at that moment u would took it like what i marked in chart below.. wont u? ( as u did in ur last pics before the week off )
and its almost my last qs to you which is...: when and how we can diagnose that we can draw a diagonal line to get enter ..? ( not horizontal )

When I draw a tl for a possible divergence trade I want the tl to encompass at least the hi's and lows I'm basing the divergence on. The tl you drew was valid and if you went back to the biggest low on the AO your tl would be flatter and give you a pretty good entry point. Remember the longer the time period encompassed the more reliable signals tend to be.

i mean breaking some horizontal lvl is more reliable ok? but some times cuzes to lag, like eddman,s AUD/CAD, and its always more risky when we get enter with a diagonal trend line, right ?
the qs is how should it be looks like to be valid? when we can tell generally... ?
how we can avoid to get trapped in like these...?

The system template is simple. Candles, use i/2 min or range bars indicators: Ichimoku cloud settings 9, 16, 52 awesome oscillator std. Settings below is image of what my charts look like: {image}[/quote]
Hi RP
In your system you use range bars, is it EA(which version)
Your chart is live or offline chart?

Rafibd, Can't see your charts. I use think or swim platform its live and range bars are part of platform, maybe one of the mt4 users can answer your question.
Range bars are my preference, but I started trading this system using 1/2 min candles and thats fine too.

Again late to the party, hopefully next week I''l get back to normal trading hours. Just 2 trades today.

Hey GW, All I can say to your questions is this is where in trading you take your chances. I'll say this the chart you show is in a pretty good uptrend, when trading dvrgs. trading against trend has lower odds of success than trading a dvrg. with the trend. Usually against the trend I trade more aggressively and try to get in and out and accept that profits will be smaller and I'll get out more rapidly if trade doesn't go my way.

tnx RP
mine today....

Very nice trade GW.

Hi rocky long time
i have a question how is the volume in the future market do you always get filled ? is there a max lots that you have experiance with that most of the time get filled

kind regards

kwin

2 trades today both futures on US treasuries 1 ct. on ZB and 2 on ZN.

Hey Kwinwls, What you been up to? I rarely have any problems with fills since I trade mostly the basic futures nothing too esoteric like lean hogs or lumber.
I don't trade big amts. usually 1 to 5 contracts depending on margin, which I try to keep under 5k if I can.

Hi Golden Way
Is it possible if u can post your template here, thanks in advance