Trading with range bars ichimoku cloud & awesome oscillator

hi rocky
why did you choose cad ?
on strenght indicator show jpy and usd was the weakest and strongest..
or this time you only search through the chart and found that chart related to cad was good?

Strength indicator showed strong USD and weak CHF, CAD & JPY, looking at charts CAD pairs had set ups I like. BTW whatever the strength ind. shows I always
look at these pairs aud/cad, aud/chf, aud/jpy, aud/usd, cad/jpy, chf/jpy, eur/aud, eur/cad, eur/jpy, eur/nzd, eur/usd, gbp/aud, gbp/cad, gbp/jpy, gbp/nzd, gbp/usd,
nzd/cad, nzd/jpy, nzd/usd, usd/cad/, usd/jpy.

Hi rocky..
Thx for the explanation

When i looked at ny open at your time power indicator shown
Day

4 hour


I didnt see any weaknest on cad
Or there is different from yours?
Why you didnt take usd or jpy pair.?
What consideration you took cad pair?
I saw divergence. But there is no strenght on power indicator. Or we can ignore power indicator if there any good setup basic on a good looking chart?

hi rocky..
what i see now op ny

Strong currencies today but nothing weak, makes for small wins usually and some hunting for set ups.

Rocky,
Thank you for posting your trade charts consistently; it helps me to more carefully choose good charts and to be more patient. Today was the first day that I traded one of your selections (EUR/CAD) and exited on the second double bottom. Nice consolation on that pair today. Good catch on AJ!

PS--our trade room (link several posts earlier) is active NY open to London close and is helpful in scanning charts for good set-ups. All are welcome to join us!

4 trades, 2 fx and 2 indexes. There was less available in fx than i thought but thats trading. Some nice indexe reversals though.

2 trades got up an hour late today, not much going on.

hi rocky..



1. entry because formed divergence and because i saw gbp was weak on power indicator
2. got out for 32 pips divergence was formed.
3. entry because had triple bottom and divergence.
4. got out for 31 pips divergence was formed.

if you not late rocky.. would you take this trade too?

Peezeroo,

1) Probably.
2)Nicely done.

Hi Rocky

Long time lurker. I would like to sincerely thank you for sharing your technique and running this thread selflessly. There is so much that I have learned from this thread. Appreciate all the work you and others do.

Daks

Hey Daksgtrade, Glad you are enjoying the thread and are finding it helpful. Lurk no more an feel free to join in all are welcome as long as they aren't !@#holes.

Nothing very srong or week today, so searched for charts with appealing visuals and set ups.

nothing good today on ny open.. big move on LO open.

Ucad, AU, NU had some good set-ups.

several profits, from morning session.

Tried 3 charts on evening run

Late start again today worked out well though 6 trades, 4 fx and 2 index reversals.

Hi rocky..
Can reversal strategy use in fx?
What consideration you took jpy pair?
Isn't gbpjpy and usdjpy is to aggresive to entry?
If you not late. On chfjpy. Would you took long entry after pass your price line?

Hi Peezeroo,

1) yes reversal strategy will in fx, futures, stocks.
2) took jpy pairs because they were showing weakness, and look at the charts all showing very similar PA, I am not a believer that if you have 1 trade with a particular
currency you shouldn't take any other trades with that currency(the don't put all your eggs in 1 basket theory).
3) the usd/jpy is a little aggressive but gbp/jpy is not.
4)not entirely sure what you are asking about chf/jpy.

Thx rocky..
How to know jpy pair showing weakness.? Jpy was the weakest too at the time.. What consideration that you know jpy going strong?