Trading with range bars ichimoku cloud & awesome oscillator

Rocky,

That's awesome that you do things like that! When I retire we may move down to Mexico (my wife is from Puerto Vallarta). She wanted to open an orphanage, but I told her I'm sure that there are always some around that can always use help.

Out UJ for +23 pips. Last trade of the year.

Happy New Year everyone! I hope you all have a profitable 2017! ;-)

EZ

e-j
missed the first run but got the second...

helping those kids and stuff like that.. is very kind and in fact a necessary task for all of us as human beings.. you are a good soul RP and generous man and u,ve already showd it by teaching people...sharing ur knowledges and answering all questions very patiently and all ur efforts during this time here...
god bless u and ur family my friend and happy new year to u all...
wish all the best and blessed

EU and EA trades + 73 between the two. Good way to start the new year! ;-)

EZ

Got a very late start today, didn't think much would be available. Bur I was wrong 5 trades 1 on reversal system rest on ichimoku. passed reversal trades on nasdaq and the russell index which turned out to be poor choices . but no complaints an excellent day.

hi rocky.. i want to ask if you are not late to trade to ny open..
are you gonna take that trade??

hi rocky i little bit confuse about you perfect timing.. please explain once more time about your consideration to entry..
because i think almost all your entry always have zero drawndown.. can you explain what your step when you look at chart?? before your open your position??
sorry rocky.. little bit frustation here..

Hey Peezeroo,
1)EUR/USD PROBABLY WOULD NOT HAVE TAKEN THAT TRADE IT DEFINITELY SHOWS AS A VALID ENTRY POINT, BUT VOLUME IS EXTREMELY LIGHT, WHEN I TRADED VOLUME HAD PICKED UP CONSIDERABLY. YOU CAN TELL BY NUMBER OF BARS THERE WERE 14 BARS B4 ENTRY YOU MARKED IN 45 MINS., THERE WERE 35 BARS
IN 50 MINS. PRIOR TO MY ENTRY. ITS MUCH EASIER TO GET WHIPSAWED WHEN VOLUME IS LIGHT, SO USUALLY I'LL STAY OUT UNLESS I HAVE OTHER REASONS FOR TAKING TRADE.

2)USD/JPY I MIGHT HAVE AGAIN VOLUME WAS LIGHT BUT SOME WHAT BETTER SO I MIGHT HAVE TAKEN TRADE BUT ALSO PROBABLY WOULD'VE BEEN OUT AT B/E
AFTER DOUBLE TOP FORMED. AGAIN WHEN I TOOK MY TRADE VOLUME HAD AGAIN PICKED UP MAKING WHIPSAW LESS LIKELY.

hOPE THIS HELPS AS I'VE SAID BEFORE BEEN DOING THIS SO LONG THAT I DON'T ALWAYS RMEMBER TO TELL PEOPLE WHAT I DO BECAUSE ITS SO INGRAINED AT THIS POINT. bUT RANGE BARS OFFER GOOD INSIGHT INTO VOLUME AND STRENGTH OF TRENDS.

ALSO AS FOR WHY I CHOSE THAT PRICE LEVEL, IT WAS SIMPLY THAT IT HIT THE LINE MORE TIMES THAN LINE YOU DREW AND THERE WERE VERY CLOSE TOGETHER
EITHER 1 WORKS I TEND TO CHOOSE THE MORE AGGRESSIVE ENTRY ESPECIALLY ON REVERSALS.

Traded pre London open into London. USD had news earlier today (ISM) which was better than expected. The USD rallied, but then later sold off. That indicates negative USD sentiment, and hence I was looking for short USD positions today. Overall USD trend is still up, so I won't hold long term.

AU + 33, but OB and nearing resis (pivot confluence) so exited.




EU out b/e after SL hit


NU out + 22 after running SL at swing high.


UJ out b/e after SL hit


GU got in late, but still + 17 pips

One more trade before going to bed on GJ short. 4 hr charts show confluence of W R1 and M Pivot which is overhead and tested 3 x this week with failure. Also other GBP crosses showing weak price action on 4 hr charts. I used this system to enter short, but will set SL above swing highs at 144.95, and TP near W Pivot at 143.7. Currently up 15 pips as I type, but that's too close to move SL to b/e yet on GJ (as its volatile).




EZ

You should have hit your target g/j
Well done and excellent explanations cheers!

THanks Razor. TP hit for + 66, which was luckily near the low of the day. Weekly pivot is support, and I thought it might bounce so put TP just above that.



It looks like USD still fell after I exited. USD trend still overall is up, and soon there should be some good entries in long USD pairs. We just need to stand by and wait for the signals ... but now is close to NY close, so markets will enter the doldrums till London open.

EZ

Asian session AUD strength. out GA short + 28



USD a bit hammered and oversold here, so standing aside and looking for signs of reversal to buy USD pairs in UK session. Overall long term for USD is still up.

EZ

Hello all,

first of all, thank you Rokypoint for this thread, I said it before and I will keep saying it. This strategy is probably the most intellingent thing I've come across in years.

Said that, I love trading the futures with Thinkorswim but I talked to TDAmeritrade and apperently I have to transfer money on a separate account in order to trade forex with them??? disappointing.

I'm saying this cause I always kept my fx trades with an mt4 broker i had for years and I love.

Unless you rocky tell me that they are wrong and there is a way to trade fx with TOS without having 2 separate accounts, anyone in the forum that can help me out setting up the chart in order to follow rocky's strategy when I decide to trade currencies?

Rocky do you actually have 2 accounts in order to trade forex with TOS?

Sorry for the long/confusing post.

As expected, USD rallying up off from good support. Tomorrow I'll probably kicking myself for exiting early ... but the pips were too good. I took long USD positions against all of the major crosses. A few had double positions where I added, and a couple I entered early. Still a good day trading with lots of green pips due to the USD rally playing out exactly as I forecasted. ;-)

UCAD + 30, + 18


UCHF + 18


NU + 28, + 18


AU + 16


GU + 50, + 33


EU + 27, + 24


UJ + 37


TOTAL: + 299 pips for USD trades (+ GA 28 pips earlier), so good day! ;-)

EZ

Hey Dfotunati, TD Ameritrade is the owner of ThinkorSwim, so make sure you are talking with TOS not TD. I have 1 TOS account that I trade Futures and Options and FX. You do have to keep separate amounts for FX. In other words say I have 100k in my account I might have 50k available for options and futres and 50k available for FX. You can have 1 account but Fx money is kept separate from Futures and options. So on monitor page for instance say you have 3 trades 1 in each category the futures and options will show P/L totals together, then in another P/L statement just below will show FX trade. When you put money in account it will automaticallly go to Futers/options balance then you just transfer whatever amount you want to FX section. I attached a copy of the the account monitor page from the paper money account which is exact same look as real account. As you can see options and futures are kept separate from fx but its same account and you can trade all from same platform.
Please note that TOS is mostly an options, futures broker and that their spreads are for the most part just ok, so if your primary focus is fx you can find better spreads.

2 trades today 1 fx 1 futures.

Nice trading Ez!

Thanks Rocky! No need to kick myself, as it looks like I got out right at the exact time. The USD really tanked after that. Too bad I wasn't trading as I probably would have reversed short the USD on the signals.

Well, now the USD is extremely short term OS. With NFP tomorrow, chances are it will consolidate for the next day before the news. I'll likely stay out of the market till Sunday night Asia or UK open.

Have a great weekend!

EZ

Hoping this indicator will help traders using MT4. AO with the option for alerts when AO bar crosses zero.

Happy and successful trading.

Razor