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Trading with range bars ichimoku cloud & awesome oscillator

  • #1,881
  • Edited 12:09pm May 6, 2017 3:19am | Edited 12:09pm
Does anybody know a MT4 indi "with zero line" like currency-strength-indicator ?
  • #1,882
  • May 6, 2017 4:51am May 6, 2017 4:51am
Rocky.

Looking at your profile, are these normally the pairs that you trade that gives consistently a smooth curves. Do you trade index's and if so which index would you recommend.

For Gold - what is your pips that you set the range bars to? I loaded it yesterday and saw it jumping around a lot.

Thanks mentor

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  1. AUD/CAD, AUD/GBP, AUD/JPY, AUD/USD, EUR/CAD, EUR/JPY, EUR/USD, GBP/AUD, GBP/CAD, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY

  • #1,883
  • May 7, 2017 12:20am May 7, 2017 12:20am
Hi Rocky,
thanks a lot for continuously sharing this for such a long time already!

One question: does the power indicator only help you identify the volatile pairs or do you take direction from it too? I.e. if a currency appears weak on the H1 / H4 power, do you only short it or would you also take long entries?

Cheers!
  • #1,884
  • May 7, 2017 1:49am May 7, 2017 1:49am
Fractals - Positioning of Stop loss.

Where does one put the stop loss. At the base of the shadow or at the point of the arrow?
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  • #1,885
  • Edited 6:55am May 7, 2017 2:45am | Edited 6:55am
Quoting PatBlue
Does anybody know a MT4 indi "with zero line" like currency-strength-indicator ?
Although I am not big fun of proprietary paid indicators, I have good experience with this MT4 currency indicator, you can see examples and how it works here:
https://www.forexfactory.com/showthread.php?t=586711
  • #1,886
  • May 7, 2017 7:15am May 7, 2017 7:15am
Quoting endy
{quote} Although I am not big fun of proprietary paid indicators, I have good experience with this MT4 currency indicator, you can see examples and how it works here: https://www.forexfactory.com/showthread.php?t=586711

ok, thank you. I will study
  • #1,887
  • May 7, 2017 11:12am May 7, 2017 11:12am
Morrishe, Yes it trade indexes, occasionally most when nothing much is going on. I trade nq, ym, tf and es, no real preference.

My gold charts are set for 5 ticks.
  • #1,888
  • May 7, 2017 11:17am May 7, 2017 11:17am
Trazer, Currency ind. is mainly identify weakest/ strongest currencies, not to identify pairs to trade. Yes I will mainly trade in that direction, unless I see a strong DVRG. setting up or later in the dsy after a large move, you can pick up some easy money when people close their winners you trade the pullback.
  • #1,889
  • May 7, 2017 11:20am May 7, 2017 11:20am
Morrishe, place sl's where you feel comfortable, i usaully use first swing hi/lo near my timeline and usually use bottoms/tops of bars not wicks.
  • #1,890
  • May 7, 2017 11:36am May 7, 2017 11:36am
Quoting rockypoint
Morrishe, Yes it trade indexes, occasionally most when nothing much is going on. I trade nq, ym, tf and es, no real preference. My gold charts are set for 5 ticks.
Rocky - what is NQ, YM, TF and ES. Sorry I do not know the abbreviations.

I used 5 ticks but it bounced all over the place so I changed it to 50 pips and that slowed it down considerably.
  • #1,891
  • May 7, 2017 12:38pm May 7, 2017 12:38pm
NQ=Nasdaq, YM=Dow, TF=Russell index and ES+S&P 500.

Gold charts are by nature jumpy, which is why I rarely trade gold unless I'm seeing the kind of charts I like. using 50 tick bars to trade could get pricey as each var is worth $500. most I would use would be 10 ticks., also sometimes charts are smoother when you use time based say 5min, or tick back say 233or 333.
  • #1,892
  • May 8, 2017 10:27am May 8, 2017 10:27am
2 trades on a very boring Monday.
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  • #1,893
  • May 8, 2017 4:34pm May 8, 2017 4:34pm
Since hunting through lots of charts to find good consolation for entries takes time and some judgement, and is the most difficult part of making this system work for me, does anyone have interest in posting here (or elsewhere) pair trade ideas between NY open and London close?
  • #1,894
  • May 8, 2017 8:14pm May 8, 2017 8:14pm
Quoting dwe213
Since hunting through lots of charts to find good consolation for entries takes time and some judgement, and is the most difficult part of making this system work for me, does anyone have interest in posting here (or elsewhere) pair trade ideas between NY open and London close?
Do you mean between London open and NY close?

I'd be interested in sharing posts here (or somewhere else) for potential setups. Work has been busy so not trading much, but I think if I (and others) were to look for setups and post, I would trade more and it can help all of us.

Thoughts?

EZ
  • #1,895
  • May 9, 2017 1:02am May 9, 2017 1:02am
I think that's a great idea!
But since it is always kind of time-sensitive, maybe a chat instead of a forum thread might be better?

I took the liberty of setting up a slack group, if you are interested in joining and working together drop me a PM or go here.

Also: USDCAD is showing some nice consolidation right about now, although little on either currency on the power meter...
  • #1,896
  • May 9, 2017 6:24am May 9, 2017 6:24am
Quoting ezcurrency
{quote} Do you mean between London open and NY close? I'd be interested in sharing posts here (or somewhere else) for potential setups. Work has been busy so not trading much, but I think if I (and others) were to look for setups and post, I would trade more and it can help all of us. Thoughts? EZ
No, NY open and London close--the times that Rocky trades.
  • #1,897
  • May 9, 2017 6:28am May 9, 2017 6:28am
Trazer, thank you for setting up the chat! I've just joined it.
  • #1,898
  • May 9, 2017 7:43am May 9, 2017 7:43am
hi, i use tik chart with xsuper trend indicator, like aditional chart, i look on h1,h4 simply chart for direction of the market, then wait 2min chart to broke super trend and chage the color of candle, then i take decision for enter..just go in direction of big tf.. after first candle of supertrend broke.
TP is up to you, i use weekly pivost, sr lines.
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  • #1,899
  • May 9, 2017 9:28am May 9, 2017 9:28am
5 trades today 4 fx and 1 futures trade on NQ(this is an example for morrishe on how i trade indexes). Posting 3 trades now 2 still open.
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  • #1,900
  • May 9, 2017 9:41am May 9, 2017 9:41am
Here are last 2 trades. Done for the day, going on a paddle board trip in a couple of hours to see the herons and do some snorkleling, should be fun.
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