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Trading with range bars ichimoku cloud & awesome oscillator

  • #801
  • Jul 8, 2016 4:06pm Jul 8, 2016 4:06pm
hahah no point to convince, I did my workout before LO so sat in front of the pc with a protein shake, vitamins and enjoyed the show
The only thing that will make us successful is if we can control ourselves!
  • #802
  • Jul 8, 2016 4:11pm Jul 8, 2016 4:11pm
Hit the Gym RP. Then the beach.
  • #803
  • Jul 8, 2016 4:26pm Jul 8, 2016 4:26pm
I'm off, great weekend to you all. Thick steaks, salad and ice cold cerveza for all.
  • #804
  • Jul 8, 2016 8:31pm Jul 8, 2016 8:31pm
Quoting pabuuu
{quote} I did try many various systems starting from 1min tf and trying to scalp few pips, 4h tf which was wrecking my head and waiting for action, not even talking about 40-60 pip sl which was just nerve wrecking, basket trading which is very interesting but can make you lose all your money very fast if you lack experience, discipline and patience (I don't mind to wait few hours for a set up, trade 3-4 get my daily share and relax) to see the result, check the charts every few minutes throughout a day and in the end having no time for yourself...
Hi pabuuu,

I too started along the same path as you, and like most of us, switching from system to system. I've been following rockypoint and all our other fine contributors and finally went live 2 weeks ago after 2 years of searching. The only advice I would add is it finally clicked for me when I told myself to treat this like a business. I committed to 2 time periods a day to check the charts and look for setups and trade. More importantly when I feel the need to open an email about a new amazing system or search the internet for a new indicator, I have resisted it as my boss (well me) wouldn't like me goofing off on company time LOL. Funny but so far it's really worked. I will allow myself some variance to possibly add a new strategy after 13 profitable weeks using the rules of this system with flawless execution. Good luck!
  • #805
  • Jul 9, 2016 4:55am Jul 9, 2016 4:55am
Quoting richt3
{quote} Hi pabuuu, I too started along the same path as you, and like most of us, switching from system to system. I've been following rockypoint and all our other fine contributors and finally went live 2 weeks ago after 2 years of searching. The only advice I would add is it finally clicked for me when I told myself to treat this like a business. I committed to 2 time periods a day to check the charts and look for setups and trade. More importantly when I feel the need to open an email about a new amazing system or search the internet for a new...

For me the most difficult parts (still are to some extent) mot over trading, entering to late and waiting patiently (patience is something I need to work on) for the best setups my older brother was so good and gave me away his two 21in monitors which I will add to my current setup so will not have to browse between the charts too much as will have view to more pairs at a time. Trying also to the the same as RP and trading only 3-4h a day LO to 1h before NO, if possible and I am not working trade NO to NO+2h if daily target not met.
The only thing that will make us successful is if we can control ourselves!
  • #806
  • Jul 11, 2016 12:15am Jul 11, 2016 12:15am
Couldn't agree more with Richt3 comments as to focusing on a system and getting a business attitude to trading. There is so much BS and get rich quick schemes around the forex industry. Doing the hard yards and learning to trade for one's self is the way to go. You keep control over your own money and become more focused. That's why it is good to participate in a forum like this.
  • #807
  • Jul 11, 2016 8:40am Jul 11, 2016 8:40am
Ok decent start to the week, Jpy big mover but missed that move, good one for people trading London open. Caught some volatility on GBP/JPY for a nice trade
bt 2 trades on EUR/JPY were a net loss. Got stopped out for -20 pips first time thats happened in a while. 2 good futures trades on cotton and oil.
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  • #808
  • Jul 11, 2016 9:07am Jul 11, 2016 9:07am
I missed the good trades this morning also. I have a hard time getting in when We had 100+ pip move down and then a 120+pip move back up on GBP/USD. Maybe just me.
  • #809
  • Jul 11, 2016 11:48am Jul 11, 2016 11:48am
Greetings to everyone on this thread! Thank you rockypoint for sharing the method and for your support. Could you explain a little more about the rules you follow before opening the position? Are you taking all trades or skip some? Another question, are you trading with Trading Station platform? Any idea on how we can get similar picture in MT4? I tried to build the same charts in MT4 but I can't get them exactly like yours...

Thanks and Good Luck!
  • #810
  • Jul 11, 2016 1:23pm Jul 11, 2016 1:23pm
hey guys
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despite the direction was right.. what d u think was the reason of hitting the stop RP?
  • #811
  • Jul 11, 2016 1:45pm Jul 11, 2016 1:45pm
i missed a lot too kthrap.., in the morning in my time i took a look at the calendar and since there was no big deal there + it was the beginning day... i thought itll be a quiet day so wasnt before chart whole day until very late ! ,
  • #812
  • Jul 11, 2016 1:59pm Jul 11, 2016 1:59pm
GW, are u talking about getting stopped out where?
  • #813
  • Jul 11, 2016 2:02pm Jul 11, 2016 2:02pm
Evghen, I use thinkorswim platform. Rules check post #80, and no I don't take every trade, only where price action looks good to me. MT4 check post#66
  • #814
  • Jul 11, 2016 2:37pm Jul 11, 2016 2:37pm
Quoting rockypoint
Hey GW, the line on my chart is tenkan or more accurately the tenkan sen or turning line it is essentially a moving average the is computed by using the highest high and lowest low over 9 bars, if you compare it to 9 period SMA you will see the tenkan shows more areas of flattening. The flattening of the tenkan is indicative of price ranging. As far as staying in trades longer, I don't normally set up tp orders ahead of time, I use previous s/r or swing highs/lows as targets if it breaks through I'll stay in and see what happens with next target....

how can i get the tenkan sen tempplate of ur indicator sir
  • #815
  • Jul 11, 2016 3:00pm Jul 11, 2016 3:00pm
Tenkan sen is part of ichimoku cloud, if you have that you have tenkan sen.
  • #816
  • Jul 11, 2016 3:13pm Jul 11, 2016 3:13pm
Thanks RP for you support. I found meanwhile a good indicator that builds the range charts really good. Looks almost exactly like yours.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM2.png Size: 53 KB
Attached File(s)
File Type: rar rangebars.rar   193 KB | 482 downloads
  • #817
  • Jul 11, 2016 3:25pm Jul 11, 2016 3:25pm
can you share your template and indicators?
thx

Quoting Evghen
Thanks RP for you support. I found meanwhile a good indicator that builds the range charts really good. Looks almost exactly like yours. {image} {file}
  • #818
  • Jul 11, 2016 3:28pm Jul 11, 2016 3:28pm
Quoting rockypoint
GW, are u talking about getting stopped out where?
i mean ur eurjpy position...
  • #819
  • Jul 11, 2016 3:46pm Jul 11, 2016 3:46pm
Quoting xdamos
can you share your template and indicators? thx {quote}
here you are
Attached File(s)
File Type: rar indi.rar   41 KB | 770 downloads
File Type: rar rangebars.rar   193 KB | 785 downloads
File Type: tpl range.tpl   7 KB | 631 downloads
  • #820
  • Jul 11, 2016 5:19pm Jul 11, 2016 5:19pm
GW, did not wait for a bar to close above s/r and those 2/3 pips cost me.
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