Trading with range bars ichimoku cloud & awesome oscillator

Getting closer to trading at my preferred time only 30 mins. late today. Not much in way of volume today(summer time) Aud was strongest currency I switched
range bars to 25 ticks because of that(volume), left GBP pairs at 50.

Thanks Rockypoint, great trades!

Back in the rhythm Rockypoint. Good trades. When I can do that I will also retire. What was the one thing(if there is one) or light bulb moment that turned you into a consistent profitable trader? May be hard to put your finger on, but would like to hear your response.

Hey Alcol, I would say that there were 2 things that had the most impact on my becoming consistent profitable trader:

1) Discovering that from a psychological stand point I was way more relaxed and much less emotional, day trading instead of swing trading which is where I started. I thought day traders were nuts.

2) Learning that indicators have a place, but that nothing and I repeat nothing is more important than price action. Indicators point to possibilities but must be confirmed by price action. ie. there is no holy grail.

Again a low volume day, but trading GBP pairs volume there is ok so left bars alone, on USD futures changed bars to ATTR. Trading probably going to remain spotty till after Labor Day.

hi
what is your indicator setting

Hey Wealthpro, Go to post 857 for settings and system over view.

thank you

August, my favorite month to trade. To Many traders on Vacation to end the summer can make for some slow days. But there are opportunities if we are patient. Maybe next year I'll plan a long vacation myself for this month.

hi rocky , to explain my thoughts , when you open the market at 5 , you see there is not anything on the strength of the currency .. and then you wait until there is movement pretty much .. and then you see the movement in the GBP , and then you open up all charts relating to gbp , remove all the ugly chart , the rest of the gbp / cad and GBP / NZD entered in good kategory you think . then you start making s / r and the make the price action works .. if I'm right ?

Peezeroo, Yes

hi rocky,

can you explain how you do a trade with a counter trend? I caught the first is the divergence , the second ? etc?

well finally a trade I was there for this week lol

Quiet day 2 trades.

Hi rocky and all

Great strategy. Ive been lurking and trying to implement everything.

One thing that drives me mad is that i cannot find which pairs to set up. I have 5 pip range on EURUSD and EURGBP.

I look at the currency meter on the http://winnersedgetrading.com/forex-power-indicator sitebut that is usually out of date by the time i load up my charts

What charts do you have set up default ?

Thanks

Monk

hi all,
thx for sharing your experience and operativity with range bars.
I am experimenting..
thx also for mt4 indis and tmpl

dax


out on K cut

Only 1 trade today but it was a beauty. Nothing going on in FX for me today.

Hi Monk, I start out with the 8 major pairs. I use power indicator to find what currency is weak/strong in 4 hr/1hr setting then scroll through pairs on those
currencies to find pairs for trades.

hi rocky,
how many in 104 ticks on pips?

Peezeroo, There are no pips in futures trading, even on currency futures. For CL/ each tick is worth $10 and each tick is 1 penny of price movement, QM/ which
is also an oil future each tick is worth $12.50 for every 10 cents of price movement.