Trading with range bars ichimoku cloud & awesome oscillator

Hey rp nice trades
why those were,nt good entries ?




cheers

All USD long core anchor positions stopped out for b/e. :-( I just can't get a break on this one establishing my anchor positions ... will still keep an eye on USD though, as it is still at longer term support.

AUD had good fundamental news, and 4 hr charts look strong for AUD against major pairs. Established a few AUD longs as core positions. EURAUD shown here:



Once anchor positions established, then its risk free trading. All of the initial risk is establishing the core anchor positions.

EZ

GW, Because I'm rarely up and trading b4 six.

Hey EZ, I think establishing any kind of anchor position on USD my be very hard now, with Trump as president. He is volatile making USD so in turn, think you are going to see lot of back and forth.

3 trades all on GBP pairs last 2 days very clean charts with the type of PA I like the best.

i meant technically... were they at a right situation?

Yes from my point of view thats still a little early for NY session and a little late for London sesssion. I think best times to trade are approx. 1 to 1 1/.2 hours before the open to 1-2 hrs. after the open. Unless there is some news driven movement.

Yep, I agree. Also, NFP this week, so I am standing aside for USD.

RP,

Quick question: Did you ever look at the range bar charts with a setting bigger than 5? Maybe 10 or 20 for the range bars?

I was thinking that may be good for swing trading .. I will set it up and check it out and use both sets of range bars to determine swing trade entries, and finer entries.

Just wondering if you (or anyone) tried it yet.

EZ

RP could u show us the exact chart zoom that u use when u looking for a setup?

Hey EZ, yep I've done larger on rare occasions and it should definitely be workable for swing trading. Also I think you will find that different futures will require different settings. Since I just day trade now, I usually will go smaller not larger like soybeans is usually the atr or a custom setting.

Hey GW, Heres a couple of charts to show you what I see when I open platform and what I initially zoom in on, then what zoom in to trade on. Hope this helps.

very good
thank you

Thank you for those pictures as well.
Very educative!

Hi EZ,
considering daily chart of EURAUD, anchoring short on this pair could be real winner.

thank you for pictures RP. I will try this pre approach.

Just to clarify, when you say 1 day equals 50 ticks, this is the same as 1 range bar is 50 ticks in range. right?

Have a great weekend.

yes 1 bar=50 ticks/5pips

No trading today, slept late and have visitors coming.

Yep, AUD closed strong for the week. I established a foothold and long AUD in a few positions:

EA shorts up 92 pips
GA shorts up 51 pips (got in late)
AJ, ACad, AChf SL hit +0

Next week I'll look to use these anchor EA and GA positions for trading.

USD NFP did well, but USD sold off again. That shows negative USD ... which tends me to have a more bearish USD stance and so will likely trade short USD positions next week (especially if EU can close over 1.08 on the daily).

Have a great weekend all. Cya next week.

EZ

Hi Rockypoint!

Thank you for starting this thread and sharing your wisdom, experience and excellent trading system.

I just wanted to ask if you are including every trade you make or just those that fit the system as an example. I have been around trading since 1998 and have never seen anyone with this level of consistency.

It appears that if you have taken each and every trade that you post here and this includes maybe the 3 to 5 losing trades you have shared since the beginning of this thread then you would absolutely be in the top 0.02% of traders in history. It blows my mind that your last 60 or 70 trades (maybe 100?) have all been profitable without a loss--even a small one.

I'm not trying to be negative--I just want to clarify if you are indeed taking these trades with real emotions in real time and if you are then you have my absolute respect and consider me your biggest fan.

Thanks for all you do. Buenos Noches :-)