Trading with range bars ichimoku cloud & awesome oscillator

Rocky.

What are your recommendation to exit, other than going against the trend line.

ing a trade.

Not a bad day.

Rocky.

Looking back at the your charts, it looks like the criteria to enter is depending on the a zero cross over , right side of the cloud, price action and trend.

To get out of a trade -
1. When price action indicates that it going back into the cloud.
2. Or crossing over of the zero line going in the opposite direction to entering the trade
3. Price action cross the Tenkan-sen.

But in the below chart, what should I have seen that would indicate that the price would have gone higher.

Morrishe,

1) your trade was just fine you made 42 pips, when you got out there was a bearish dvrg. formed.

2) at this point its a guessing game.

3) you drew a tl, so you could have waited to exit until you got a close below the tl, if does you are out, if it bounces you stay in and see what happens.

4) you were in the trade for a pretty long time, in you shoes I also probably would have gotten out.

Never expect to catch the whole move.

Morrishe,

Judging by the other trades you posted, you are doing fine. I pass on trading slow days, I get bored. You traded pretty good chart though, only 1 I didn't like was the NZD/JPY. Just be careful making a lot of trades its very easy to talk yourself in to over trading. Virtually every body I ever taught trading to, got sucked in to that.
And it always happened after they starting to get some success, they would get hyped up and start taking every trade that came along. Fortunately after blowing up a few times they learned my key to successful trading, knowledge with out patience and discipline = A BLOWN UP ACCOUNT.

Still there are maybe 30% who never believe that its them thats the problem not the system.

Thanks Rocky.

Yes, yesterday was a slow day and I had nothing else going on, so I sat at the pc. Point taken considering over trading. Thanks for the insight, again

A lot of trades today all GBP & EUR pairs,and 1 futures trade in Soy beans, 1 trade still open.

Last trade done for the day. Time for some errands then the beach, supposed to be some good wind today so kite boarding for me and a long swim.

Hi rocky..

I think ToS has a different data compare to my mt4. My broker dont have a real data. Is it paid data on ToS or free? Can your strategy applied on candlestick? And what time frame your suggestion? Thx rocky

No its not paid data on TOS except for a few future contracts. System would work just fine with 1 or 2 min. charts, I originally traded this using 1 min. charts, check out the thread "big income from small account-M1 trading system" which is where I started learning this system.

No trades today, low volume, mostly flat PA manana another day.

hi rocky
what makes you think low volume on today?
i seen GJ and GC had a lot volume.
and it has strong on power indicator.

GBP usually has better volume than other pairs, still no pairs were doing anything much while I traded. Other currencies volume were pretty thin you can tell by number of range bars, when you pull up a chart. The attached GBP/JPY chart show decent volume, the EUR/USD show very little volume for same time period.

Hi Rocky,
I understand the key to success with your trading style is chart filtration process .
I still watch your thread and your trades, they seem really nice and clean - since they were filtered
Please, in your chart selection process, give us also from time to time examples of ugly charts that you filter out - so we can see patterns that should tell us to close that chart for the day.
I understand you don't trade charts where price flips/flops above/below cloud..
Since I'm a London session trader, I expect to see this during Asia session and be able to not trade these charts

Thanks,
endy

Rocky.


At which line should I get into this trade, the lower line or wait till I get one bar ahead of the upper line?

I ask this as there are times that the PA turns around immediately on me,



I entered this trade on the top line but the ask line is quite a bit higher, so should I enter when the ask line crosses the s/r or wait till the bar is above the s/r line? a technicality I am sure, although it would be good to get an understanding.


Can one draw a conclusion based on the momentum {AO} that if the pa crosses the Tenkan-sen line that one should remain in the trade or should one wait to see what happens when the price reaches the s/r?

can anyone help to provide the indicators and template used for this system?

3 trades today all futures, FX moves were earlier around london open. Stayed in oil trade because I had nothing going on, but it worked out.

here's 2 charts I tossed this morning Endy

Aud/Nzd entry would be 1 full bar above the yellow dotted line on the pa, entry you made was fine and looks like you should have made out ok on trade. I don't consider Bid/ask lines or use them trade PA.

If I had entered this trade on price coming out of cloud, my stop would be at B/E then its a choice let it play out maybe it moves your way, but you can't lose either,
or close out trade for a small win, nothing wrong with either decision. Truthfully my exits kind of depend on my mood, whether I'm feeling patient, aggressive, conservative etc.

This is description of the system:
https://www.forexfactory.com/showthr...70#post9034270

and this should be tpl along with requried indicators:
https://www.forexfactory.com/showthr...43#post9475643

Or you can search for it yourself using clip/attachment icon on the top of the thread, there are tpls as well as needed EA..

endy

Tried EURAUD this morning (I'm a London session hunter), seemed consolidated to me.. managed to close at BE.