Trading with range bars ichimoku cloud & awesome oscillator

Only 1 trade today on soybean meal traded 5 contracts. Fx market fairly stagnant, futures not much better.

Nice...I had nice trades on Friday too but was lazy to post em lol, here is EU trade using this system, my other trades today were done with another strat



Just one of my other trades, not trying to introduce another system please



My watch today is ended.

I think I am so-so at swing trading, but want to get much better. I like your system and do well in it during the London session, but its hard to find the time to do it consistently while working ... hence me wanting to try swing trading. Also I sometimes kick myself for being in trades and taking 30 or 40 pips (which is fine), but then a few days or weeks later see it could be 300 + pips more. Another reason to try swing trading for me.

I am going to see how I do from now till the end of Aug (6 months), but trade small lot size with larger SL. If not doing well, then I'll just have to make the time and consistently sit and trade the London session each night.

EZ

Here is a good candidate for a swing trade: EURAUD short. Historical moves on average have been down for all of March over the past 3, 5, and 7 yrs:



AUD has been strong fundamentally (China economy doing well, and commodities doing well --> helping AUD)
EUR has been weak because of some election uncertainty with a few countries

We just need to look for a good short entry. 10 pip range bar shows negative divergence on AO, but not below cloud yet.

EZ

Dont know if euro helped shorted dax for 27 pips. I admit that when market retraced 2nd time, I wanted to close the trade, but got lucky not to.

4 trades 1 FX market fairly flat again small win, 3 futures oil, soybean oil and soy beans. Don't know what happened with soybeans especially soy bean oil, entered and it was going painfully slowly sideways then took off on a wild ride.

FX market has been tight ranges ... everyone waiting for the Trumpster speech tonight.

Jeez I literally find it painful to listen to him speak. I grew up in Ny and have been listening to his BS for 35 yrs. I was in construction business and knew 4 people he stiffed that had to file for bankruptcy. Sorry, he just ticks me off. And by the way he does have little hands.

Yes, I can't stand the man either. Nevertheless, we have to put up with him for the next 4 yrs (hopefully not 8). At least you are out of the country! :-)

After hearing his speech and saw the USD strength, I saw NZD weakness so shorted NZDUSD for + 40 in Asian session:



TP was because (1) above 0.71 round number, and (2) ran previous week low stop losses.

EZ

This EURAUD trade is a swing trade (establishing initial anchor positions). Hopefully can hold for weeks, and add and trade around the core anchor position.

Analysis:
AUD stronger GDP today (1.1% vs. 0.7% expected) --> bullish
Also stronger AUD fundamental news lately

EUR weaker fundamental news, and overall weakness because election uncertainty.

Historical trends: EURAUD down for March:



EURAUD weekly and daily charts (not shown), downtrend

EA 4 hr chart failing to make prevous week highs. Also, I did previous statistical analysis of weekly pivot points. A summary of the results are basically if its a down week the probability of the weekly H > the weekly R1 is low (about 0.2), whereas the probability of the low being < the weekly S1 is about 0.7 (for a down week). Since historically the first week for EURAUD is a down week, I am going with the probabilities. A good place to short is around current levels with Sl above R1, and TP at S1. S1 is also below weekly lows, which is where SL's are (and likely to be run). I will establish a few positions -- some to be held for weeks, and some to be exited at TP.



10 pip range bar:


and 3 pip range bar:


Both show sell signals. Entry short at 1.3766 (avg).

This is (hopefully) a good example of a trade when all elements of a trade align:
- fundamentals
- seasonality
- longer term trend
- shorter term trend
- price action

But of course, we do not trade on hope. A good trader trades based off of probabilities and price action.

EZ

Missed the long early in the morning (didnt have the guts to take the long that time), shorted gnzd at 83, target was 20-05, but closed the trade at 43, when saw the gbp pairs going up.
PS the first target was 43lvl for 2 reasons, 40pips but also Asia's high. Wanted to see the retest (plus fibos etc, but not this system)

Only 1 trade on oil today, FX again mostly flat except for the Aussie Dollar, but those moves happened to early for me.

AUD move took out my SL for EURAUD shorts (swing trades). Took a couple of small USD long positions against EUR and CHF. I will post more swing trade ideas if I see any.

EZ

No trades for me today, EUR and GBP had some nice earlier moves. everything kind of flat and range bound.

hey @rockypoint, u still using m1/m2 for your trades?

No I'm using range bars.

Hi Rockypoint, how many pips you set the range bars?

He sets it at 5

Thanks Razor

On the above point. My Range bar has the following information/

Can some-one give me information of each parameter and
to get to Rocky's 5 pips, I am assuming I need to Change BarRange to 5

Thanks