Trading with range bars ichimoku cloud & awesome oscillator

Thanks RP

too bad I missed out on the action today!

I run a company with around ten employees, so can't trade every day. My goal is to sell off the company and do trading instead, like Rocky mentioned at some point; having a company means customers, employees and all the hassle that comes with those... I just think trading would be a better way of life, for now it's a dream... but I'm going there slowly.

Thanks RP

1 Trade today on GC which turned out really well, fx had some very fast moves after 8:30 US retail announcement too fast for me. Not often that this announcement
causes such a fast move. I'll look for another 30 mins or so but I'm probably done for the day.

People ask me whats an ugly chart, heres a shot of a really ugly chart.

nice trade in GC and thanks for the ugly chart pic, very helpful!

It's strange in currency trading, some days the price is smooth and is easily judged using TA, other days it looks like in that picture. I have no idea why but perhaps somebody else has an idea?

I am trying to modify the system so that we have an alternate for more sideways day for scalping. Right now I think that the AO settings and the cloud setting to a lesser extent are not ideal for scalping days. I am unable to change AO settings on my platform so I am looking at the MACD set to 8,17,9 and a 5,9 setting for the cloud which
so far seems to provide some good scalping activity with out giving off too many signals.

Hey RP
could u explain it on a chart picture ?
tnx

I've got nothing today, very flat on FX, futures pretty much the same. I''l give it another 30 mins. then call it quits, nice windy day tide is coming in so a good day for kite boarding.

indeed, did one BE trade in NZDJPY (long)

GW, Will provide pictures when I settle on some changes, not there yet.

2 Trades today and plenty of aggravation(computer issues). In any case done for the day.

Really a nice thread. What is your TP for this?
Anyway, I'm also a Ichimoku Trader, but usually I trade on H4 chart.
Has anyone managed to create an EA for Ichimoku Trading System?

Nice trades Rocky, especially the exit points! I also did those two yesterday, although I got in later in the GBPJPY trade so I only got out with 45pips...still the best trade of the day for my part, I did more trades in the London session and landed +100 again so happy about that, but had some smaller loosers too. Finally some movement.

Here are todays trades so far:
GBPJPY 2 winners...but I missed the better part of the second trade due to lunch! but extremely happy with my exit points as I felt that my TPs wouldn't get reached in either trade


USDCAD looser:


GBPCAD winner, but also lost half of it and here I could have ridden it for more:

Firebolt, Anyone who wants an EA is welcome to do it, I won't use them myself. Just don't like them, I feel I trade better than they do and prefer being in control.

Eddman, you seem to be getting really good at this system, congrats.

4 trades today all GBP pairs and really all the same looking chart, don't get many days like that and they are profitable. Still having some minor computer issues
that I can't seem to fix, guess its time for someone who knows WTF they are doing to take a look.

beautiful trades Rocky, what a day!

Could you please talk a little around which elements you look at for deciding when to exit profitable trades? For instance in these trades you see a clear divergance between price and AO, but you stayed in them anyway. I am not saying you did anything wrong, I just find it a bit challenging to decide myself. Actually this is two questions:
1. which factors are most helpful to use for finding a good exit point in a profitable trade with this system?
2. how strictly are you following the factors in Q1, is there a "gut feeling" involved as well? (I define gut feeling as: experience+greed+fear. my gut feeling is 70% greed/fear...yours is probably less so)

Maybe my questions seems silly to you, but I do feel that's an area where I need better understanding and more experience. I love when I am in profit, move my SL in profit and it's hit because price reversed...but I really hate when I get stopped out with small profit, just to see price continue in the direction of the trade!

Hi Rocky,
Thanks for sharing the system. It is much appreciated. I am setting up a few charts to start looking at using your system. I know you mentioned you also like to follow 10 or so commodity futures on top of the currencies. I was wondering what those commodity futures you followed were?

Thanks!

Thank you for sharing this system , I'm big fan of ICHIMOKU