Trading with range bars ichimoku cloud & awesome oscillator

If you have "anchor" trade, do you open positions only in the direction of trend? So no counter trend positions?
Thanks for sharing.

Yes, only in direction of trend.

Took more trades but will post only this one, all have nice profits, cy tmr
PS saw the trade rather earlier, but wanted to see London movement first

Hey guys
2 trades today, but gold seemed little choppy and i,ve closed it almost on BE, missed another 60~65 pips on that one

Weird day thanks mostly to Trump, thought his ill advised immigrant ban would screw up the markets so the first three index trades I've made with this system turned out very well. I'll post those now, Have a USD and Soy bean trade still running.

Hers my last 2 trades, best trading day in awhile 400+ ticks

any comment?
Rp how do u choose the hot charts among futures? those arent in that indicator.any indicator for them too?

As far as making a video, no probably not. 1) don't know how, no particular desire to learn, content being a semi luddite. 2) I want people to figure out what kind of charts
fit their style of trading, you can see from my posts what my preferences are, Gw trades different charts than I do, Ez trades different charts and seem to be doing well, while I usually wouldn't trade them because they don't visually appeal to me.

As far as picking out futures trades, its simple. I look at same ones every day and choose the ones which 1) I think will be affected by news, ie. today the indexes because
of the trumpster and his poorly thought out and implemented exec. order. 2) I choose charts that are visually appealing, are setting up for divergences, are in period of
consolidation preferrably tightly.

Every day I check CL, CT, DX, ES, GC, NQ, TF, YM, ZB, ZF, ZL, ZM, ZS,.

its alright about video i understand and u already did a fantastic job here,
very nice thanx
whats the most important element in trading for u that maybe didnt come across our questions..?

Figuring out what kind of trader you are, day trader, swing trader etc., very few are good at both, though EZ seems to do pretty well with swing trading and day trading.
I'm a terrible swing trader. The next most important thing is understanding price action/structure. Third is discipline to stick to your system and money management rules.
Last is the trading system.

Saw the trade much higher, but had bad trades earlier and wanted to be safe. Normally I like round numbers, thus my profit would be 00 lvl, BUT 20lvl was double bottom, thus preferred that lvl.
Missed the long in the morning (London open)-took long trade only in demo, thus dont post it

So ... originally wanted to hold all for many weeks due to what I think USD major uptrend being continued. With the new U.S. President and his recent executive orders ... this has caused market uncertainty. Also, recent USD price action has me rethinking the major USD uptrend. Side note: Always monitor price action ... your initial analysis and direction may be fine, but new info will be assimilated into the market, which will affect price action. This may change your analysis.

Anyway ... decided to exit all USD longs and now net flat. I missed a few great opportunities (especially GU short) to add on my 'anchor trades'. Anyway, original GU short was 1.2652, just exited 1.2439 below (213 pips). The other USD anchor positions had small gains/losses/or SL = 0 hit (not shown below).



I will post in the next couple of days my trade methodology / analysis of what I consider before entering trades. Hopefully others do as well so we can all learn from each other. RP has down an awesome job showing us his system ... I have incorporated it into my trading (swing trading and short term), so hopefully others can share as well so we can all learn from each other.

Regards,
EZ

GER30

Below is my method for analysis before looking at the range bars to enter.

Everyone who reads this: Please provide comments/feedback, as I am always looking to improve my trading. Also, if anyone else would like to post their analysis method before they enter a trade, I am sure we can all learn from each other.

After all, that is probably why most of us are on these forums (to learn).

Anyway, here is my trading method:

Analysis for position entry (most of the below are in agreement before looking to Range bar system for finer entry). Also, price action plays a very important role in these. Price action is still (and always) one of the most important things to consider.

1) Fundamental news and price action after news (to gauge sentiment)
2) Trends for currencies indicies (from Liteforex) which make up a pair
- Weekly
- Daily
- 4 hr
3) Trends for currency pair
- Weekly
- Daily
- 4 hr
4) COT report to gauge OB/OS for commercials and large traders; VWAP of OI and price
5) Seasonality of individual currency or currency pairs
6) Options barriers for pairs (if applicable for the pair)
7) Currency strength/weakness dashboard

Price action is very important. Also, one should keep in mind the longer term trends (weekly/daily) and trade in that direction. Once a setup is found, now look at range bar system.

Trading Plan (Anchor Trading):
- Open core position(s) – see above for analysis. This is the ‘anchor’ position.
- Move SL to b/e on core positions, once up 50 to 100+ pips
- Enter new order in same direction as anchor position (according to trade criteria)
- Exit secondary position on exit signal for profit or B/E, keeping anchor position, or S/L on B/E for both positions

I will post below (1) - (7) to show an example analysis and to explain it better.

I also uploaded my personal currency dashboard which I wrote. The mqh goes in the include folder, and dashboard goes into experts. I will explain how it works in the next post.

EZ

Here is an example of how I would do a typical analysis for a pair, before deciding to trade with the range bar system.

EURUSD:

1) Fundamental news and price action after news (to gauge sentiment)
USD has been in an overall uptrend since last summer as the Fed is expected to raise rates 3 times this year.

2) Trends for currencies indicies (from Liteforex) which make up a pair
- Weekly
USD near TL support:


- Daily


- 4 hr


3) Trends for currency pair
- Weekly


- Daily


- 4 hr


Note the 4 hr price action, how price spiked above previous resis. to run SL of traders, then reversed back down

4) COT report to gauge OB/OS for commercials and large traders; VWAP of OI and price
** will add at a future date

5) Seasonality of individual currency or currency pairs
EURUSD kind of flat for Feb: http://www.equityclock.com/charts/eu...easonal-chart/

6) Options barriers for pairs (if applicable for the pair)
Huge call OI at 1.08. Option writers want to defend that level, so will sell in the spot market to defend. This is a huge resistance level.


http://www.cmegroup.com/tools-inform...rofile-fx.html

7) Currency strength/weakness dashboard
Look for appropriate currency strength/weakness for each pair. There are many currency strength indicators out there, and I check some for confirmation. Below is a screenshot of my custom (I wrote) dashboard for strength/weakness EA is also attached, along with include file. The algorithm is basically this:
a. Low > 40 period EMA of Highs: signal is +1
b. High < 40 period EMA of Lows: signal is -1
c. Otherwise signal is 0
d. This is calculated for all pairs on all TFs: 1, 5, 15, 30, 60, 240, 1440 min
e. Signal is calculated for each currency:
i. On each TF, signals are summed up and displayed
ii. -7 is weakest trend on that TF, +7 is strongest
iii. Dashboard shows change in green or red of +/- 2 from previous bar on lower TFs


Dashboard doesn't show much for EUR or USD, but JPY showing weakness on 1, 5, and 15 min TF's which is helping my USDJPY long.



Overall, I am looking for the USD uptrend to continue, so have established some swing trades long USD against EUR, JPY, CAD, GBP, with SL beyond recent swings. Price action looks to me like SL were ran, and weekly USD index trendline is just below recent lows ... so we may get a low in the USD soon.

Later I will look at range bar charts to trade in trend direction if USD trends up, and with my 'anchor' positions established, will have future low risk trades.

If USD continues to fall, then my SL is hit for small losses.

EZ

3 trades all GBP pairs, nothing on futures today some nice moves on soy beans but large part of moves happened in 1 min. ans I try not to chase.

Great posts EZ.

Thanks RP. Nice trades again as usual!

I have now established some core anchor positions long the USD, and will hold over FOMC. GBPUSD was stopped out -40 pips, but up the following # of pips with SL now at b/e on each:

AU + 17
EU + 35
EU + 33
NU + 55
UCad + 63
UJ + 55
UJ + 40

So overall up a lot of pips ... but now 0 risk. Looking at the USD weekly chart, USD is at support and can head up for weeks, so I don't want to exit these excellent long USD positions and use as an anchor. The risk is FOMC and spikes ... which may take out my SL. In 6 hrs we will see!

EZ

Those trades look super clean