Trading with range bars ichimoku cloud & awesome oscillator

hi rocky cacth a nice trade,

hi rocky,

if you dont sleep for what reason you do not take this entry ? because if you take these entry prices go up and result in loss .. and then prices go up again because there was divergence and lost again .. emotionally trading will be interrupted .. is there any way to avoid it other than by luck ? or we accept our losses and considers there is another day for trading?

hi rocky, can you explain this?

hi rocky,
sorry when i too many asked, but surely all of us here want to know as well as me . apart from that perfect timing is there any other way to know that trading is good for us , or we just have to hope the luck will follow the price of what we trade? Your trade seems easy to see but difficult to put into practice .. because at the time I tried I know this is not for beginners .. i just get won and lost repeatedly . indeed win more than lose in the long run .. but i want to know how you to maximize the win rather than lose ..

Hi Rocky

Thanks for clarifying that

MT4 and rangebars consume a lot of PC power may have to cut my scanlist to 4 pairs

Monk

very very good idia
i looking for ways to improve the wins
but market go his way
and stoploss always be

in my idia we must manage loss trades
with mathematical method like grid or hedging or ...

why we must have stoploss?
even we can manage at least 40 percent of our loss trades.

Peezeroo,

GBP/CAD 1 entry you marked I'm not trading then, next entry on divergence is valid but entry should be on bar that closes above cloud on right of time line
exit would be after formation of double top in all probability a small win or a B/E. I don't understand your third question I didn't have a 30 pip loss, just made 1 trade for 31 pip win.

AUD/JPY & NZD/;JPY pretty sure I just wasn't trading then, most of my start times this summer have been closer to 6 than 5.

Right now summer trading can be difficult because of thin volume, my favorite time to trade most of the year is from 8am ET to 11 ET, in summer it usually works better trading from 9 ET till 12 ET.
I generally worry more about minimizing my losses than maximizing my wins, If i enter a trade and it goes right against me I usually get out, If I pick up some movement in my direction I move up my S/L. If I'm up 20/25 pips my SL is at B/E. Little mantra in back of my mind once I have 20 pips profit, "never let a winning trade become a losing trade." Once you learn to minimize losses, maximizing wins will come.

Mahmood.tava, I do not recommend trading with out a stop loss and am not interested in grid trading or hedging. Hedging and grid trading might work
but I like to keep it as simple as possible. But I will not trade with out a S/L, every one I know that has tried was not very successful.

Hi Rocky/Anyone

I am considering this trade. (5pip on EURGBP) the break of the red line. The only thing i am considering is should the blue line (not sure of the name) should be above the ichi cloud ?


Update: it didnt break the high (red line).

No trading for me today, movement on US news but to quick to play.

Again nothing going om with currency, 1 trade on CT/, passed on a soy bean trade wrong choice.

Sat up for the US session tonight to try my luck, but as u said rocky very quite and no action. Now one o'clock in the morning and I'm going to bed.

Just that time of year always very slow. After Labor Day will start to pick up.

To many traders on vacation the last two weeks of August.

Quick question regarding the rangebar indicator (RangeBarChart_v103a) for MT4 - when i leave my machine running the range bar does not refresh - i have to close MT4 down and then restart it.

Is anyone else encountering the same issue ?

Same here - only one break-even trade in last 4 days. Heading out on vacation for a few weeks. Good trading to all and see you all again on the 6th!

Have a great vacation Richt

thanks rockypoint !

Cotton 2 days in a row, don't remember that ever happening.

Hi Rockypoint,
Just wanted to pick your brains as to the trading of Futures which I have never traded.(I think its futures or soft commodities) ie Cotton Trades. I gather your using much the same methodology on the charts as when trading Forex. The difference being no Power Indicator as in forex. I think you mentioned before you trade in contracts. How does this compare to forex which trades in lots (1 Lot being equal to $10 for one pip). What is the minimum contract size and its cost?
Any info much appreciated.