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Trading with range bars ichimoku cloud & awesome oscillator

  • #1,221
  • Nov 25, 2016 8:26am Nov 25, 2016 8:26am
Here is another on eur usd inter london USA Session.

18 pips green, finished today.
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  • #1,222
  • Nov 25, 2016 9:05am Nov 25, 2016 9:05am
Nice trades longman72 !
  • #1,223
  • Nov 25, 2016 10:25am Nov 25, 2016 10:25am
Thanks Richt3,

I just follow Rockypoints rules and always think would he take this trade? I think these trades would have so I accept the compliment.
  • #1,224
  • Nov 25, 2016 11:37am Nov 25, 2016 11:37am
Yes Lomgman nice trades.
  • #1,225
  • Edited Nov 26, 2016 12:32am Nov 25, 2016 10:45pm | Edited Nov 26, 2016 12:32am
2 more trades yesterday. The AUDUSD trade was more in the spirit of rockypoint's system (I think), but I got out early because I didn't want leave it open overnight going into a weekend.


The USDCAD trade entry was a bit more aggressive but I saw an opportunity after it broke through a resistance level. I got out for the same reason, but it looks like it is still going strong

AUDUSD
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USDCAD
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  • #1,226
  • Nov 26, 2016 3:53am Nov 26, 2016 3:53am
Hi Bandwagon,

These certainly look like Rockypoint trades to me. I notice your on the 1 hr so I think the system would work on any time frame as long as the stop loss is adjusted accordingly.
Well done .

What sort of stop loss do you use on the 1 hr?
  • #1,227
  • Nov 26, 2016 4:42am Nov 26, 2016 4:42am
I'm still working out what kind of Stoploss I'm comfortable with.

At the moment I try and put it just below the Kijun which usually means it's a potential 20-30 pip loss at entry. I then usually let my stop loss follow the kijun unless the trade goes strongly positive quickly, in which case I'll put it at breakeven and then follow the Kijun once it's passed breakeven.

When my trades go right it's usually more than 30 pips so I'm reliant on having a good winning trade percentage. Rockypoints system is helping keep that up
  • #1,228
  • Nov 26, 2016 5:47am Nov 26, 2016 5:47am
Quoting BandwagonTra
2 more trades yesterday. The AUDUSD trade was more in the spirit of rockypoint's system (I think), but I got out early because I didn't want leave it open overnight going into a weekend. The USDCAD trade entry was a bit more aggressive but I saw an opportunity after it broke through a resistance level. I got out for the same reason, but it looks like it is still going strong AUDUSD {image} USDCAD {image}
Hi BandwagonTra your tmpl look's intresiting i see the green arrow dose he appers on chart when cumos croos, if yes and you don't minde can you share that ichimoku thanx in advance your mizi.
  • #1,229
  • Nov 26, 2016 10:04am Nov 26, 2016 10:04am
Position sizing is one of the things I love most about FOREX. I always know what percent of my portfolio to risk (2%). First step is to determine the trades stop loss. I then ensure the charts show the opportunity for at least a 3:1 RR. The last step for me is to use any online calculator to determine what my position size should be. It's rarely the same from trade to trade.
  • #1,230
  • Nov 26, 2016 10:21am Nov 26, 2016 10:21am
For anyone using Ninjatrader, I came across something yesterday when taking a closer look at my charts! The first is rp's AUDJPY from 11/23. The second is mine with the IchiCloud set to 9,16,52. Notice the difference in the clouds. I'm not sure why but I had to change the setting to 5,16,24 with a displacement of 16 for them to match. Just offering this as yours may be different depending on which IchiCloud indicator you may be using.
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  • #1,231
  • Nov 26, 2016 10:48am Nov 26, 2016 10:48am
Outstanding gentlemen, Use the system as a story outline then write the story that gives you the most enjoyment.
  • #1,232
  • Nov 26, 2016 2:16pm Nov 26, 2016 2:16pm
what is the point on commenting on an 8 month old post?
  • #1,233
  • Nov 26, 2016 3:26pm Nov 26, 2016 3:26pm
Quoting rockypoint
what is the point on commenting on an 8 month old post?
Yea my bad, I am currently reading through the thread, great stuff, really great stuff, also followed you on "The Power of Range Bars" also "Big Income From Small account - M1 Trading system". I am a fan of your style of trading. As to answer your question I just feel a certain type of way when traders give back to the market what was already in the purse.
Read in between the price!!!
  • #1,234
  • Nov 26, 2016 4:34pm Nov 26, 2016 4:34pm
Quoting mizi123
{quote} Hi BandwagonTra your tmpl look's intresiting i see the green arrow dose he appers on chart when cumos croos, if yes and you don't minde can you share that ichimoku thanx in advance your mizi.
The arrows aren't part of the template. I just put these in to illustrate where I entered and exited a trade. I find the template clean and easy to read, though and you can find it here:

http://www.forexfactory.com/showthread.php?p=6838840
  • #1,235
  • Nov 26, 2016 4:56pm Nov 26, 2016 4:56pm
Hey Caleb No problem just trying to keep things positive. One of the things about this thread I'm most proud of is that after 8 months and 1200+ posts there has been virtually no fighting and sniping or just the general nastiness that some threads devolve into. All I want is to see some people become profitable traders. I owned a construction company for 30+ years working 12 hour days 6 days a week and did really well, but working that hard comes with a price which
is usually family and friends you have no time for. With trading I'm uusally working 3-4 hours a day 4 days a week making just as much money as I used to and
without all the stress and aggravation. Most importantly I was able to rebuild my relationship with my wife and children.
  • #1,236
  • Nov 26, 2016 5:40pm Nov 26, 2016 5:40pm
Rockypoint,

I remember when I was a kid (40 yrs ago) going to Rocky Point with my parents and a few other families every Thanksgiving. We had RVs and campers, and parked on the beach and celebrated Thanksgiving there with a potluck and bonfire. I'm sure times have changed and its now all built up there with hotels and resorts.

Regards,
EZ
  • #1,237
  • Nov 26, 2016 11:56pm Nov 26, 2016 11:56pm
Quoting rockypoint
Hey Caleb No problem just trying to keep things positive. One of the things about this thread I'm most proud of is that after 8 months and 1200+ posts there has been virtually no fighting and sniping or just the general nastiness that some threads devolve into. All I want is to see some people become profitable traders. I owned a construction company for 30+ years working 12 hour days 6 days a week and did really well, but working that hard comes with a price which is usually family and friends you have no time for. With trading I'm uusally working...
Kudos for reinventing yourself and thanks for sharing the wisdom. That kind of success is what we all work for. Would love to be able to get there one day
  • #1,238
  • Nov 27, 2016 6:13am Nov 27, 2016 6:13am
Quoting rockypoint
Hey Caleb No problem just trying to keep things positive. One of the things about this thread I'm most proud of is that after 8 months and 1200+ posts there has been virtually no fighting and sniping or just the general nastiness that some threads devolve into. All I want is to see some people become profitable traders. I owned a construction company for 30+ years working 12 hour days 6 days a week and did really well, but working that hard comes with a price which is usually family and friends you have no time for. With trading I'm uusally working...
HI rockypoint thanc you for the threed i have to many lesons for ichimoku but in combination with AO look's like magik im reading and reading the thread if i don't finde something what i need i will ask thanc you in advance
  • #1,239
  • Nov 27, 2016 7:59pm Nov 27, 2016 7:59pm
Asian session showing JPY strength. I shorted CADJPY & USDJPY, but exited too early and left pips on the table. Banked 49 pips, but could have been more than double.

EZ
  • #1,240
  • Edited 8:37pm Nov 27, 2016 8:13pm | Edited 8:37pm
Quoting ezcurrency
Asian session showing JPY strength. I shorted CADJPY & USDJPY, but exited too early and left pips on the table. Banked 49 pips, but could have been more than double. EZ
I am in those same pairs now, as well as udschf. Running at +50 pips on each. Very tempted to cut and run now but I might leave it for a bit and wait until I see some weakness or it crosses back over the Kijun

Edit: actually, took them and ran. +150 pips for the day. Need to turn my attention to other things. Will post charts in a few hours after I can show the trades in their overall context
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