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Trading with range bars ichimoku cloud & awesome oscillator

  • #1,661
  • Mar 14, 2017 10:12am Mar 14, 2017 10:12am
3 FX trades today, got up on time but feeling foggy, hate time changes. Nice trade Razor
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  • #1,662
  • Mar 14, 2017 12:44pm Mar 14, 2017 12:44pm
Quoting rockypoint
3 FX trades today, got up on time but feeling foggy, hate time changes. Nice trade Razor {image} {image} {image}
Great pair selection - as always.
I was too scared to buy GBP against anything after that preLondon fall... even though it might just resume yesterday's trend UP, kinda hard to decide :/
  • #1,663
  • Mar 14, 2017 1:03pm Mar 14, 2017 1:03pm
Part of the reason I only care about previous 4 hours is keeping myself from over analyzing trades, unless there is some thing major going on, we are day trading
not looking for longer term hold trades. Just know what kind of charts you like to trade visually, when you find them wait for an entry. Some days there won't be any trades and thats just fine, so many people over trade. If you can avoid that you overall results will increase and you will make more money.
  • #1,664
  • Mar 14, 2017 1:09pm Mar 14, 2017 1:09pm
Quoting rockypoint
Part of the reason I only care about previous 4 hours is keeping myself from over analyzing trades, unless there is some thing major going on, we are day trading not looking for longer term hold trades. Just know what kind of charts you like to trade visually, when you find them wait for an entry. Some days there won't be any trades and thats just fine, so many people over trade. If you can avoid that you overall results will increase and you will make more money.
Wise words.
With regard to me overcomplicating I'm looking at GBPUSD right now, if it won't give in and go short again, USD might want to resume its up trend..
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  • #1,665
  • Mar 14, 2017 1:42pm Mar 14, 2017 1:42pm
There is a bearish divergence there but I doubt it amounts to much because of the time of day. Usually on days where a pair makes a good move up/down sometime around 11-1 or so you get a move against the trend as people take profits.
  • #1,666
  • Mar 15, 2017 2:19am Mar 15, 2017 2:19am
Quoting rockypoint
There is a bearish divergence there but I doubt it amounts to much because of the time of day. Usually on days where a pair makes a good move up/down sometime around 11-1 or so you get a move against the trend as people take profits.
RP, please, would you kindly make a screenshot of the currency strength setup from that web page you mentioned, when you are deciding which charts to go through?
Just to see what you see, when you say to yourself these charts might look interesting - I understand that if you see some currency has been weak/strong recently you go primary through charts related to that currency (I mean in FX world..)..

I'm asking because in regard with currency strenght/weakness, to me usually, when the currency is already too weak/strong, it is usually due for "retracement" meaning I'd rather go against them.. or do you prefer to let market create retracement zone and then wait for entry back to previous trend?
When the currency meter shows some currency too weak/strong, that means that initial push has already been done I guess.
  • #1,667
  • Mar 16, 2017 9:48am Mar 16, 2017 9:48am
1 trade today on oil. nice moves on GBP pairs but the largest part of the moves happened too quickly to get in. For the next week to 10 days my participation will be a little sporadic. My Best friend of 55 years is moving here after going through cancer and a divorce at the same time. So I'll be spending time getting his new home up
and running, so he can just unpack and chill out. So if you have questions hold on for a while. Endy remind me of your request in 10 days or so please.
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  • #1,668
  • Mar 16, 2017 12:01pm Mar 16, 2017 12:01pm
Quoting rockypoint
1 trade today on oil. nice moves on GBP pairs but the largest part of the moves happened too quickly to get in. For the next week to 10 days my participation will be a little sporadic. My Best friend of 55 years is moving here after going through cancer and a divorce at the same time. So I'll be spending time getting his new home up and running, so he can just unpack and chill out. So if you have questions hold on for a while. Endy remind me of your request in 10 days or so please. {image}
I hope you and your friend have a great time settling in and chilling out.
every Saint has a past. Every Sinner has a Future
  • #1,669
  • Mar 16, 2017 12:22pm Mar 16, 2017 12:22pm
Quoting rockypoint
This a first post on a new thread that is an off shoot of big income from a small account-m1 trading system. I will begin posting my trades here next week. Just so every one know and understands i have no interest in selling any trading systems, signals or mirror trading services. This thread is solely for helping each other with what can be a very frustrating hobby/business trading. The system template is simple. Candles, use i/2 min or range bars indicators: Ichimoku cloud settings 9, 16, 52 awesome oscillator std. Settings below is image of what...

Hi RP, great system, Ichimoku settings are 9,16,52 or standard settings 9, 26, 52?
Regards, Andres
  • #1,670
  • Mar 16, 2017 12:31pm Mar 16, 2017 12:31pm
9-16-52
  • #1,671
  • Mar 16, 2017 2:11pm Mar 16, 2017 2:11pm
Hi RP okay first chart is my GJ not doing so great at the moment

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Then my EU loss

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Then a GU trendline break question, where would you put your trendline price should break on this chart please?

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A GU loss from last week

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Read in between the price!!!
  • #1,672
  • Mar 16, 2017 3:16pm Mar 16, 2017 3:16pm
CalebFX,

In general I would say you are holding on to your trades way too long

1)eur/usd you get got a little movement it pulls back then heads your way again but doesn't break the previous low pulls back into the cloud first sign to get out, price moves back down again but again make a higher low get out.

2)gbp/jpy very similar to the above.

3)gbp/usd tl is broken. but i wouldn't trade it due to time of day.

4)gbp/usd again when price goes your way pulls back then make a double bottom you have a reversal signal so look to get out.

Need a little less optimism or a little less need to be right, both can cause problems, trust me i blew up a couple of accounts because of both. If trades don't go your way
don't hesitate to get out especially at start of trading day, once you have some profits then you can be a little more aggressive. 2 of these trades you stayed with way too long. All these trades gave you the opportunity to get out with a small loss by paying attention PA, which is your most important indicator. Bottom line is if you got
out and it was wrong decision you can always reenter.
  • #1,673
  • Mar 16, 2017 3:39pm Mar 16, 2017 3:39pm
Quoting rockypoint
CalebFX, In general I would say you are holding on to your trades way too long 1)eur/usd you get got a little movement it pulls back then heads your way again but doesn't break the previous low pulls back into the cloud first sign to get out, price moves back down again but again make a higher low get out. 2)gbp/jpy very similar to the above. 3)gbp/usd tl is broken. but i wouldn't trade it due to time of day. 4)gbp/usd again when price goes your way pulls back then make a double bottom you have a reversal signal so look to get out. Need a little...
Thanks a lot RP, lesson learned.
Read in between the price!!!
  • #1,674
  • Mar 16, 2017 3:46pm Mar 16, 2017 3:46pm
De nada amigo, just don't ever think you've got it all figured out in life or trading, the universe has a way of jumping up and biting your ass.
  • #1,675
  • Mar 17, 2017 10:50am Mar 17, 2017 10:50am
5 trades today all with the JPY, 4 winners 1 loser. Here are 4 of the trades 1 usd/jpy still open.
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  • #1,676
  • Mar 17, 2017 10:59am Mar 17, 2017 10:59am
Heres the last trade
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  • #1,677
  • Mar 17, 2017 11:12am Mar 17, 2017 11:12am
Hi Rocky, great trades on JPY !

Since I'm trading along with my other job - I can seldom focus on markets without interuptions..
For that purpose I obtained a currency strength indicator in MetaTrader.
From that I understand that JPY started to gather strength before NY open and just after NY open it continued to push.
That's where you jumped in I think.
I love your exits too, I think you picked current bottoms

Did you see something similar on Forex Power Indicator?

Note, that Blue vertical line shows Frankfurt start, red is NY start, the Indicator calculates strength of all 8 currencies, but in order to not make my screen too crowded, I decided to hide AUD, NZD and CHF.
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  • #1,678
  • Mar 17, 2017 8:33pm Mar 17, 2017 8:33pm
Hi Rocky,

is range bar charts available on thinkorswim platform for mobile phones ?
Pips Collector EA, No Martingale, No Grid
  • #1,679
  • Mar 19, 2017 1:06pm Mar 19, 2017 1:06pm
Huatboyz, would think they are but you have to check with them to be 100% sure. believe it or not i don't own a cell phone or have a land line for that matter.
  • #1,680
  • Mar 20, 2017 3:45am Mar 20, 2017 3:45am
Quoting rockypoint
Huatboyz, would think they are but you have to check with them to be 100% sure. believe it or not i don't own a cell phone or have a land line for that matter.
Rocky, had check with them. Unfortunately they don't. Sad.....
Pips Collector EA, No Martingale, No Grid
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