Trading with range bars ichimoku cloud & awesome oscillator

Quoting golden-way

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Hey everyone RP what was the reason of ur loss ? & situations like that are very tricky.. whats the best way to avoid them ? {image}

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Quoting Uglyduckling

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{quote} Hello Golden! Your trades look impressive and inspiring, and judging from the charts you post here, you trade trendline breakouts at most, right? It looks pretty easy on your charts, but I suppose there must be some filters for fake breakouts and confirmation signals for true breakouts. I have read Rockypoint`s instructions, outlined by Richt3, but actually Im a noob to trading, and some concepts that are obvious for experienced traders could be not that clear for noobs like me. Could you kindly share your ideas on trendline breakouts or...

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Quoting rockypoint

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There is no way to avoid them, the key is to not hold on and make a small loss a bigger one. If I enter a trade that immediatley turns against me say 4-5 bars I get out minimize my loss. Then look to see if I can catch a reversal. This was also first trade of the day, so I am even more inclined to get out quicker.

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Quoting Uglyduckling

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{quote} But I guess we still should consider major trend direction and avoid risky countertrend trades, I mean, breakouts in direction of the main trend are more reliable, right?

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Quoting golden-way

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{quote} Hi thanx but look... im still learning frm RP and u r already in discussion and rectificationing him...! :- ) so what else could i possibly say that u dont already knw?! just quote a concept frm mark douglas : do not jump in in the beginning of a trend... let the others push the train for u.. & when the engines are on fire.. u just enjoy the ride {image}

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