Trading with range bars ichimoku cloud & awesome oscillator

Great trades RP! Yes I have found out that I'm more suited for daytrading. I made a small live account and was able to get in GBPJPY but at the 15m timeframe, still trying to transition slowly to the shorter ones. I heard GBPJPY is called the dragon due to its appearance on the chart and rightly so! A couple of tense moments but got out safe.

Happy trading to all!

ej us session ~51 pips



RP u,ve said u take around 80% for all systems,
based on what u post here with this system alone its above 97-8% ! what i wonder is why u decrease ur rate by doing that down to 80% and not spend that energy and lot size on this and keep it so up ?


cheers

Hey GW, Because I don't win 97% on this system probably 80/85% though with this system around half the trades I don't post are B/E. Most of my losses are
5-10 pips with an occasional full S/L. Just trying to save myself some time, but Mattb was pointing out that what I post could create unrealistic expectations, ar least thats what I took from his comment. He made sense, my not posting all trades with this system is arbitrary and unfair especially to people new to trading.

As far as trading only this system:

1) I enjoy some diversity in what I'm doing
2) Different systems for different reasons, ie. 1 system is for days that are slow and flat and making 5-10 pips per trade.

aside frm realistic or unrealistic matter studying all situations especially non wins could be very helpful for learning process if u wish to post them all...
actually there is not much to talk about in winner ones

[quote=ezcurrency;9527127]: EJ short still open, TP below, SL at entry, 0 risk [quote]

Update on EJ trade: TP hit, + about 40 pips.

Still in EA anchor positions shorts and added short with net SL = 0 in place. Awaiting AUD rate decision.

EZ

Good morning all (at least in my time ), posting only gnzd (took also gaud trade, but didnt take pic of that). The trade was little aggressive (didnt wait for ao and cloud)
PS Pls dont stick in other indicators lay in the chart, in most cases, I dont look them, they are there just for testing when the trade is off

Well, AUD rallied after rate announcement, so my EURAUD short trades paid off. I exited the swing trade add + 84, and exited the anchor trade core positions + 174 pips, as (1) I didn't like the price action, and (2) price near some pivot confluence points, so may bounce here. Still, overall lots of pips. Missed a huge USD rally though (short covering), which surprised me during the Asian session as there was no USD news. It didn't retrace much and almost straight up, and I didn't chase. Hindsight - should have just entered ... but I started watching it late and wanted a retrace. Oh well, still a good day. ;-)

2 trades today 1 on oil other on USD/CAD. Took bearish divg. on USD/CAD looks like that either stops out for a few pips, PA in a slow drift so since I made my money on the oil trade will let this 1 run.

Slow drift like watching paint dry, closed out for a small win.

Today I went for GBPUSD long around NY opening.
First entry was late and late was also closure with SL
Next entry was fine, but I closed it too soon (for around 40p, just watching it afterwards going for another 60p)..
Any comments are appretiated.

Hey Endy,

When trading against the tren on a divergence you need to be aggressive you first entry shoulb be the first full bar above the trend line. The second swing high after
your entry showed a Divergence forming then next swing broke price structure providing clear signal to get out at a small profit or B/E

Next entry was a good one, you probably got out because first trade was a loss, since there was no breakdown in swing structure or a dvrg or support to close the trade.
You exit was when the Bearish dvrg. formed, even though price still bounced a little further up its an ideal exit

1 very important part of trading is getting off to a good start each day(easier said then done) a quick win is a nice psychological boost, even a B/E helps.

That was my exact state of mind.. get lost money back, dont risk another reversal..
 
Thank you for your wise advices!
They help A LOT!
 

Endy as I have mentioned before I am not a "guru" (on the contrary I am still making huge mistakes).
I believe that in the first trade you were waiting the break from the previous high (I think few pips above the 2nd horizontal line). The break was the 1st horizontal and later the market tested that line again. Also take into account that you entered at what lvl? 90? Market loves round numbers, thus around 00 I expect retracements (not always)
PS I know when trading the mind isnt always clear as now mentioning the trade. I might also entered at that lvl too making the same mistake as you did.
BUT you took the 2nd trade and you had a win.
PS2. Forgot the most important. In both trades what was your plan? (tp/sl). If in the 2nd order your plan was to have b/e from the loss then you had
succeeded.

Posting a late order short at enzd around 17 (should had shorted at 20 but missed that chance), exit was 00 lvl
Same short at gnz at 39 target 00 (dont know why in this mt4 sl was hit, in real account sl wasnt hit), short gaud at 75 (target 51? not sure)
and finally short gj at 30 target 05. (GJ is in other pc thus cannot post the chart (should have shorted at 40 but wanted safety)

I love to trade price action ... especially when fundamentals involved and price doesn't do what it is supposed to.

Example today: CAD
Trade Balance and Ivey PMI both missed, but CAD held up rather well --> CAD bullish
EUR has been rather weak all weak ... not sure the exact fundamentals --> EUR bearish

So looking to long CAD against other pairs, and short EUR against other pairs.

Obviously EURCAD short candidate:
+ 40 pips, probably exited early, but EUR getting a bit oversold against everything, so I took profits.


EURUSD + 15


EURAUD + 25


Took a long CADJPY and CADCHF, but both about net 0 (not shown).

EZ

Saw eaud short at 80, but that happened rather early for my taste (10min? after European open). I was wrong about enzd, was rather conservative and should had move my sl to b/e and let the pair, BUT prefered again gbp pairs, which didnt moved as expected
PS. Did we have any news in cad? FF calendar doesnt post anything. Edit you mean yes evening (at least my time zone)

Dimi,

CAD news was earlier today:

3:30amCAD
https://cdn-resources.forexfactory.n...impact-red.png
Trade Balance
0.9B1.2B1.0B
Actual0.9BForecast1.2BPrevious1.0BDetailsGraph
CAD
https://cdn-resources.forexfactory.n...act-orange.png
Building Permits m/m
-6.6%-3.5%-1.2%
Actual-6.6%Forecast-3.5%Previous-1.2%DetailsGraph
5:00amCAD
https://cdn-resources.forexfactory.n...act-orange.png
Ivey PMI
57.258.3

And so I looked at price action all day after that.

I try to check the market when back from work (late Asian session for me), then before I go to bed (London session open). Usually I sit down 1 hr before London session, and trade till 1-2 hrs after the open. You never know what may move ... yesterday was a huge USD move up in Asian session (which I missed).

EZ

Great educational post!
Thanks.

Let's see how this one goes.
I drew on GBPUSD two TL and I split position into two, one after break of 1st TL, the other one after 2nd TL.
EDIT: 1/2 position for 29p, other 1/2 for 11p

5 trades today 3 FX and 2 Futures both on gold, 4 winners 1 loser. Eur/Cad short still open will post when closed.