Trading with range bars ichimoku cloud & awesome oscillator

Pass on trading , patience mindset just not there today.

Very smart Rocky ... signs of a great trader.

IMO, (manual / discretionary) trading is probably about 2/3 psychology, and 1/3 method. Maybe 50/50 ... but it plays a huge part! If your mindset isn't there, best to step aside.

Anyway, just started the new week trading in Asian session. GBP taking out to the woodshed and whacked, but not sure why. Anyway, that is not a trader's objective to find out why something happened ... but to react to the price action and take advantage of it.

+ 107 pips between EG and GA:





EZ

London session: couple of small losses. No news coming out overnight so probably choppy markets. plus its getting late (11 pm local time), so time to hit the sack. Still a good day trading! ;-)

EU -3


ECad -15 (not trading with major trend)


EZ

Taken Demo reversal trade

Couldn't sleep last nigh so got at 2:30 and traded 4 trades all FX. Headed back to bed now to see if I can get a couple of hours. Traded JPY strength.

hi rocky.. thx before for ur explanantion..
i wanna ask again.. based on you chart on cadjpy and eurojpy, why did you get entry in that position.
againts all your rule.. ao not crossover zero, light volume, there is a divergen to go up.. why you decided to short??
or it is because when you look at chart there is strenght on jpy??
an 1 more.. what time exactly your trading time??

Hi Peezeroo.

1) AO crossover, doesn't mean you can only take a trade when x-over is just occurred you can take a trade as long as AO is on right side of zero line. The initial X-over of the AO is what initiates looking for a trade.
2) Volume when market is slow you are better off staying out, unless you are an experienced trader and willing to take a loss if you get whipsawed. That said JPY at that time was much stronger than any other currency.
3) Divergences against trend are less likely to have price reverse. Divergences are something to be aware of but until price structure breaks down, its just a line on the chart.
4) I usually trade from 7/8am est to 10/11 est. Today since I wasn't sleeping I traded much earlier.

Hi rocky..
Thx for all your patience and explanation..
Your trading time is about 7/8 est, is that london open or ny open?

http://www.worldtimebuddy.com/

NY OPEN

Considerering market was showing no real strength or weakness except NZD, which moved earlier day went well. 4 trades 3 FX and 1 Futures.

To remove black overlayed chikou span line or any other line not wanted on TOS chart:

Edit Study ..... >> Chikou >> Color >> More >> HSV >> Transparency ------►100 >> OK >> APPLY.

As below
For MT4: Color → None

2 trades today gold and usd, gold turned out really well. Its not too often you see gold get such a nice consolidation pattern.

No trade today, nothing appealing.

crazy days.. HA ?

gold frm earlier this morning...

Got up really late today, needed some sleep. 1 trade on soybeans still running will post when I close. Fx kind sideways for the most part charts unappealing.

Hers the soybean trasde

Not much in FX as lots of churn. I think USD may consolidate for a few days, then resume its overall uptrend, so I established some long USD swing positions against the major crosses. Only one trade on CADCHF short for + 14 pips, but took another as a longer term trade short (still open).

should have closed the first one in gold sooner on double top...!
and they had clear signals in the following but i wasnt there for it