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

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


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Quoting golden-way
Hey everyone RP what was the reason of ur loss ? & situations like that are very tricky.. whats the best way to avoid them ? {image}
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 just give me a startkick to further learning?
For want of a nail the kingdom was lost.
Quoting Uglyduckling
{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...
Great post. I'm also a newbie and have learnt a lot from Rocky and Golden. Have the exact same issue, how to determine which trades to enter and limit fake breakouts.
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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From 35 to 00 lvl (my mistake gnzd seem to go easily to 1.7440lvl, but after facts, we can all become prophets)
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My crude trade was unsuccessful. Exited at breakeven. Seems breakout failure.
Quoting rockypoint
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.
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?
For want of a nail the kingdom was lost.
market gave 2nd chance, thus shorted gnzd at 1.7475 to 40
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Quoting Uglyduckling
{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?
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

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Quoting golden-way
{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}
Nice quote, heh! Well, I still have question for you, if you dont mind.
Ive dwnloaded your template, and found that your ichi settings are little different from Rocky`s. You use 9/16/34, do you fell more comfortable with it than 9/16/52?
For want of a nail the kingdom was lost.
yes i do, 52 makes very thick clouds in mt4
Shantala, a B/E trade is not unsuccessful its good trade management, the more B/E trades you have usually means less lossess.
Ugly Duckling, What you want to consider as far as trends is up to you, my primary focus is previous 4 hours. Reversals against trend you shoot for smaller wins.
I consider longer term trends mainly if they are very strong.
Forexdimi, Nice trade I considered some GBP trades this morning but passed because I didn't like the charts visually, but thats me and by the all 3 would've made me money.
GW, way to go thats what I want people to do take the base ideas and refine them to what makes you comfortable. Adapt!
4 trades today 3 FX and 1 Reversal trade on the NQ(a bullish divergence trade) that totally nailed a big turn. Be back with 4th trade apparently I took same screen shoot twice.
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18 pips

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Heres the 4th trade
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g-j

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