Trading with range bars ichimoku cloud & awesome oscillator

hey RP
despite that u had many occasions to close that trade, u stayed in and it did rally... (ao x over, kijun cross, cloud..., RD... u had all those)
hw can u tell ? can u explain about that plz

thnx

You can't tell for sure but chart was looking pretty good visually, I entered it made a higher high, pulled back and made a higher low, made another higher high and another higher low, then did the same thing twice more at that time my sl is moved to 5 tick profit. So since its my only trade of the day I let it run and it worked out well for me.

then what convinced you to got out there ?
- u already had all the reasons to get out before and u had the same H/L to stay on... -

Double top, with bearish divergence and the time of day.

Absolutely nothing happening, no trades today.

Some big for the asian and london traders, not much for the ny open. 2 trades 1 fx and 1 futures.

i am also using the same system , in addition i use CCI indicator for trade entry and exit

Got in late GBPCHF short, but out + 20.

I exited because price at Weekly Pivot and Monthly S1 confluence:



EZ

No trading for me today, low volume, no significant movement, mostly choppy charts.

London open session ... not much going on. +20 and +0 (SL too tight). USD tanked a bit, but missed those trades.





EZ

1 trade today volume still fairly low. Passed on 1 reversal trade on the TF, which was a mistake.

hi rocky..

here the question..
you say you trade around ny open.. say at 6 your time..
why you didnt take position on my mark on your chart
1. volume increase
2. divergen
3. trend breakout
all condition confirm...
thx for your patience.. but i still dont get it..

Hey Peezeroo,

1) volume increase yes
2) divergence , no that is not a divergence. A divergence is when indicator is doing opposite of whar price action is doing ie. making higher lows when price is making lower lows.
3) trend break out, no still range bound

Hi rocky..

What do you mean "still in range bound" ?
I still dont get your concept about divergen.. If i look to chart that i mark divergen.. There is no different with your mark.. Can you explain more specific your concept about divergen? I think completly different from i learned.. What i learned ussualy take a trendline from same position with indicator..
Thx rocky..

HI rockypoint,
You do a great job answering all the questions and guess what, I have one. How do you ascertain the volume level and whether it is high, low etc? That last answer helped with the determination of divergence. I still struggle with my entries but I feel I am slowly getting there.

Thanks.

ALCOL,

You can get an idea of volume by how fast range bars are formed.

Peezeroo,

If AO is below zero line then you are looking for a price to make lower lows , So if the AO makes a low then makes a higher low and price make a low followed by a lower low you have a divergence.

I still owe you an answer and i'll add to divergence explanation later, I'm in middle of a poker tournament right now.

You might want to look at the thread Divergences and hidden divergences for better explanations than mine.

Hey RP
i think it would be very beneficial for learning if u explain on pic the parts that u dont trade too( to understand when & where to avoid ) or u would but didnt for any reason - like sleep ! or end of working time etc - (like the areas i marked in pic below ... hw would u act there if u want to trade ?

cheers

Hi rocky,

You said when ao below zero line. We are looking price make lower lows. So if the AO makes a low then makes a higher low and price make a low followed by a lower lows you have a divergence. Where is lower lows on your mark on second divergence.. Its only ao makes higher low.. And there is no lower lows on price action.. Only followed by triple bottomn.. Can you marked on chart? Lower lows on price? And why you didnt take the first divergence. It has more valid divergence based on your explanation.. Ao makes higher low. And price makes lower lows..
Thx rocky i really appreciate all your answer and your kindness..