Trading with range bars ichimoku cloud & awesome oscillator | Page 35 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading System using Awesome Oscillator 48 replies

Question on Awesome Oscillator 4 replies

Platforms w/ 'Chaos Awesome Oscillator'? 7 replies

Awesome Oscillator 1 reply

Trade Awesome Oscillator Divergences! 7 replies

Attachments: Trading with range bars ichimoku cloud & awesome oscillator
Exit Attachments

Trading with range bars ichimoku cloud & awesome oscillator

  • #681
  • Jun 16, 2016 4:43pm Jun 16, 2016 4:43pm
Hey Eddman,

Last question first I trade about 30%FX, 30% Futures and 40% Options weekly and monthly.

As far as a trade retracing I'm a genius it never happens LOL! If I get an Immediate 3 consecutive bars against me I usually will get out, can always reenter.
My stops are usually only 15-20 pips but just the same I prefer to get out before they are hit.

I have 6 monitors and also use a grid display on a 60" flat screen so I can see 12 charts at a good size. The monitors have charts I'm very interested in the tv
the charts that may get interesting. If at start of trading I have 1 strong and 1 weak currency I'll put up that pair, plus all the other pairs. So if GBP is strong and JPY is weak I'll put up GBP/JPY. Then I'll look at all GBP major pairs and vice versa for JPY. The easiest days are when a group these show similar chart movements. Over trading is one of the most common problems for traders especially once they start having some success.
  • #682
  • Jun 17, 2016 9:16am Jun 17, 2016 9:16am
I have nothing today, no trades and no patience to continue looking. So I'm calling it quits till Monday.
  • #683
  • Jun 20, 2016 12:07am Jun 20, 2016 12:07am
So should at very least be an interesting week, Brexit looms could get messy. I'm going to be really careful trading this week. Watch out for big spreads on GBP pairs. I have an interesting idea about trading reversals so I'll spend some time on that, trade some paper money see what happens. Probably will trade Monday and Tuesday semi-normally then stay away and watch the uncertainty from the sidelines.
  • #684
  • Jun 20, 2016 7:25am Jun 20, 2016 7:25am
Quoting rockypoint
Hey Eddman, Last question first I trade about 30%FX, 30% Futures and 40% Options weekly and monthly. As far as a trade retracing I'm a genius it never happens LOL! If I get an Immediate 3 consecutive bars against me I usually will get out, can always reenter. My stops are usually only 15-20 pips but just the same I prefer to get out before they are hit. I have 6 monitors and also use a grid display on a 60" flat screen so I can see 12 charts at a good size. The monitors have charts I'm very interested in the tv the charts that may get interesting....
Rocky,
What do you find to be most profitable?(FX/FUTURES/OPTIONS) I'm guessing options since you do them the most. What is your strategy for your option trading? I have traded options a few times but always ended up on the wrong side .
  • #685
  • Jun 20, 2016 9:34am Jun 20, 2016 9:34am
Hi Xfactornos,

Futures are the most profitable, then FX, then options. Options provide reliable steady monthly income. I don't buy put or call options, thats more or less a crap shoot. I sell credit spreads and iron condors.
  • #686
  • Jun 20, 2016 6:56pm Jun 20, 2016 6:56pm
Just one for me today on GBP/NZD at 8:22 am est. Being new to live trading I learned a lot about the spread...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #687
  • Jun 20, 2016 7:05pm Jun 20, 2016 7:05pm
GBP spreads will be all over the place until Brexit vote. Hell my broker warned me last week that GBP spreads would be volatile. Good trade.
  • #688
  • Jun 20, 2016 7:29pm Jun 20, 2016 7:29pm
Thanks rockypoint and I definately agree. I got a notice this afternoon from my broker that margins would be increased to 3 times the normal size starting tomorrow after the US session and will continue until after the vote and the volatility had calmed back down. I'm actually heading to a conference for the rest of the week and shut down my trading software right after this trade.
  • #689
  • Jun 21, 2016 12:52am Jun 21, 2016 12:52am
Quoting rockypoint
Hi Xfactornos, Futures are the most profitable, then FX, then options. Options provide reliable steady monthly income. I don't buy put or call options, thats more or less a crap shoot. I sell credit spreads and iron condors.
In your opinion, what is the reason Futures are more profitable? Higher tick-value?, more opportunities?, More predictable?//Eddman
  • #690
  • Jun 21, 2016 8:20am Jun 21, 2016 8:20am
Eddman, Taxes are lower on commodity based futures. I won't get in to it, I'm not an accountant. Just like having a trading corp. has advantages. Thank you
to my very great CPA. Obviously this is U.S. law, not clue about rest of the world..
  • #691
  • Jun 21, 2016 8:22am Jun 21, 2016 8:22am
1 Trade and done not feeling patient today.
Attached Image (click to enlarge)
Click to Enlarge Name: s228.png Size: 71 KB
  • #692
  • Jun 22, 2016 11:02am Jun 22, 2016 11:02am
This latest I've traded in a while figured I'd pass today but it was fairly calm and I stayed away from GBP pairs. So 4 trades 3 FX and 1 Futures. There is a fifth trade shown but that is a different system just want to see if anyone has any ideas on it, looks good so far in paper trading this was my first real money trade
which I'm pretty happy about, system is about catching reversions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: s229.png Size: 74 KB
Click to Enlarge Name: s230.png Size: 78 KB
Click to Enlarge Name: s231.png Size: 82 KB
Click to Enlarge Name: s232.png Size: 76 KB
Click to Enlarge Name: k1.png Size: 74 KB
  • #693
  • Jun 22, 2016 4:57pm Jun 22, 2016 4:57pm
Quoting rockypoint
This latest I've traded in a while figured I'd pass today but it was fairly calm and I stayed away from GBP pairs. So 4 trades 3 FX and 1 Futures. There is a fifth trade shown but that is a different system just want to see if anyone has any ideas on it, looks good so far in paper trading this was my first real money trade which I'm pretty happy about, system is about catching reversions. {image} {image} {image} {image} {image}
Rocky,
I hope you don't mind but could you share the settings for the other two Keltner channels? From your image, I have the first channel, but not sure what settings your other two are using. I know you said this is the first time you have used it but I would like to follow along as well if you don't mind.

Just from your image it appears the strategy is:

Wait for the price to close below the lowest band and RSI lower than the extreme of 30, then on retrace back through the first band do a buy order.

Wait for the price to close above the highest band and RSI higher than the extreme of 70, then on retrace back through the first band do a sell order.

Is that correct? or even close? if not could you share your thoughts on your testing system?
  • #694
  • Jun 22, 2016 6:21pm Jun 22, 2016 6:21pm
Keltner channels are 1.5, 2.5, 3.5, you are kind of correct but I haven't settled on how aggressive I want to be with this yet, so no definite rules. I'm pretty sure
that I won't be trading FX with it, index futures and maybe treasuries. Also only during 8-10 eastern time for market open. I'm looking for something that either
heads my way or stops me out(I've been using mainly stops of 10 ticks or less).
  • #695
  • Jun 23, 2016 10:33am Jun 23, 2016 10:33am
Slept like crap last night, fell asleep in front of computer trading this morning. Happens sometimes because my office chair is a lazy boy tall man recliner. 1 trade on CT, 3 cts.
Attached Image (click to enlarge)
Click to Enlarge Name: s233.png Size: 75 KB
  • #696
  • Jun 23, 2016 10:37am Jun 23, 2016 10:37am
Quoting rockypoint
Slept like crap last night, fell asleep in front of computer trading this morning. Happens sometimes because my office chair is a lazy boy tall man recliner. 1 trade on CT, 3 cts. {image}
You still caught a great trade!

The "test" method had the below good trade.
Attached Image
  • #697
  • Jun 23, 2016 11:56am Jun 23, 2016 11:56am
Good one, took the same trade, got out for smaller win though. Lacking focus, tired cranky old man today.
  • #698
  • Jun 23, 2016 11:03pm Jun 23, 2016 11:03pm
Should be an interesting day manana!
  • #699
  • Jun 24, 2016 1:39am Jun 24, 2016 1:39am
rockypoint, nice to see you are doing well!
I found that TOS is offering very high commissions, did you negotiate with them? I really love TOS for charting but for daytrading their commissions are out of this world...
  • #700
  • Jun 24, 2016 9:39am Jun 24, 2016 9:39am
Yes I have negotiated commissions with TOS, which are Ok, but I make anywhere from 150-200 trades a month. You only see a small part of what I trade. I actively trade 2 and now maybe 3 other systems, plus weekly options, plus monthly options
If you are solely trading FX you are probably better off somewhere else. For me I can trade every thing in 1 place/platform, which with charting makes
them work for me.
0 traders viewing now