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How do I determine what size range bar is comparable to a daily bar? 6 replies

Range Bar Basket System

GM Jaque,
I agree with the potential short trade as it could be the start of a new downtrend so it is worth covering this possibility here with the 4hr borderline. Must remember that daily is still up so be prepared to exit if things don't pan out.

M.
Quoting futurespec
GM Jaque,
I agree with the potential short trade as it could be the start of a new downtrend so it is worth covering this possibility here with the 4hr borderline. Must remember that daily is still up so be prepared to exit if things don't pan out.

M.
GM futurespec:
Exactly. At daily chart trend is UP but i marked fridays bar and i see large wicks. For me it is an indecision day. Buyers and sellers are pushing but nobody wins. If you see this tipe of bars at past you can see that most time is a trend change. If you Sell high now you can capture a possible down trend from the start. Risk is the same that a single trade but reward could be enormous.

With the 4 h chart happens the same. The chart say that trend is UP and price is testing Low RB for UP again. Hoewer Price now is below EMA and clouds and could break Low RB and close below. If it happens then for me trend is changing.

Now high time frame trend is UP but i see signals that say me situation could be changing and potencial profit could be enormous.

Regards.
That which you give to others, life will return it in spades
If actual 4h bar closed below Low RB for me it is a Down trend confirmation.
Regards.
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That which you give to others, life will return it in spades
Well. 4h bar closed below previous RB. Price is below EMA and clouds. Im looking for shorts opportunities.
If someone wants to risk you can look 1h chart. You can buy at Low Daily RB and wait for price go UP and touch High 4h RB. If 1h bar closed below line you can closed at loss or BE.
I prefer wait price retrace HRB and enter sell around 87.50.
Regards.
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That which you give to others, life will return it in spades
futurespec the EA is perfect.

On the charts, probability that will make nice bounce on the lower bar of the 1HR Range Bar is high.
Quoting as002
futurespec the EA is perfect.

On the charts, probability that will make nice bounce on the lower bar of the 1HR Range Bar is high.
GM as002:
Yes, here you are. If you take this buy trade you are now +60. I dont take it.
Regards.
That which you give to others, life will return it in spades
as002
Thanks, pleased it works for you now.

Currently modding to give partial close which I think is working but want to try it first.

M.
Quoting futurespec
Jaque
Do you have any real statistics on that or is it just an idea so far?
Its only an idea.
Regards.
That which you give to others, life will return it in spades
Quoting atharmian
Hi All,

I stumbled on this thread last night (having heard from a veteran FF contributor that he finds range bars useful), and read it eagerly- the results are too good to be true. I really hope they come same on a live account, as Jacquemate has nicely indicated for himself !

What has occurred to me is that this Jacque-method is eerily similar to the Flying Buddha Volatility breakouts described by EasyPips on his Equity Millipede thread starting Post #845 in a few posts, as below:

http://www.forexfactory.com/showthre...29#post3948029...
Hi Athar. Wellcome to thread.
You are talking about Mr.Graeme and for me he is one of the best trader i know ever. But above all he is a great great person. His teaching are incalculable value. Priceless.
Regards.
That which you give to others, life will return it in spades
Jacquemate,

Thanks for the welcome...

So what do you think of Greame's Flying Buddha strategies, and how would you compare your system
with his ?

Regards,
Athar.

Quoting Jaquemate
Hi Athar. Wellcome to thread.
You are talking about Mr.Graeme and for me he is one of the best trader i know ever. But above all he is a great great person. His teaching are incalculable value. Priceless.
Regards.
Well. Im in the market.
At 4h chart price touch HRB.
Sell around 87.35. Enter position sa1-2. Target1 at LRB: +360.
If you buy at Daily Low RB congratulations. You first target is reached: +375.
Regards.
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That which you give to others, life will return it in spades
Update situation:
4h bar closed above previous RB. Its a weak close but i prefer dont risk and closed Sell position at BE.
Regards.
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That which you give to others, life will return it in spades
Quoting Jaquemate
GM as002:
Yes, here you are. If you take this buy trade you are now +60. I dont take it.
Regards.
just got in front of the terminal. Did not take any trade since last post.

I've placed a limit sell order (23:44 GTM+1) order on the 1H chart with the futurespec EA on the live account.


as002,

Pleased that you have faith but PLEASE NOTE that it is early days and the EA has not been fully/properly tested and it is still possible to get unintended results. Just do not want you to lose money on live account due to any unforeseen errors.

To me this morning longs would be the preferred direction due to the strong daily and now the 4hr starting to get above the cloud. I could well be wrong and usually am once I try to make a judgement call. ;-)
We are in an area of some indecision and for me at least it may be better to wait a short while until the picture is clearer. I know that entering at the start of a trend is what we want to do but there will always be a chance to trade a little later.

GL with your trade.

M.
GM all:
Today im looking for longs.
At Daily chart price touched yesterday LRB and go UP.
At 4h chart a new RB was formed yesterday. Last bar closed above EMA and Clouds confirming an UP trend.
At 1h chart price is above EMA and Clouds.
While price remains inside range of fridays large UP bar anything can happens. That 600 pips bar for me is the key to that will make price. That is the actual RB but if you consider it then you must look for shorts!!. I said anything can happens.
In this situation only you can do is probe, trade and probe. If you trade 1,2,3,4 times and loss or BE thats ok. Be patient. But when you take the correct trade could be the start of a new trend Down o the resumption of Up trend.
I understand that wait for price touch levels is slow....... and if after it you faill and loss or BE... its mentally hard. 4,5 BE in a row is mentally hard.
This system dont look for small gains with a high winning percentage.
Only with 1 winner trade that capture a 1000-1500-2000 pips you pay all previous loser trades. I sure you. I have seen in past a lot of times. I have seen that i closed a trade with 500 pips thinking that is so good and thinking.... wowww ... i go to closed it.. 500 pips!!!!. But after closed price will continue and will continue and reached 2000 or 3000 pips. If a was taked cold blood 2000 extra pips pay me for a long time. This is a real history believe me.
For me is better wait to 1 big winning trade while small loss or BE are happens. Think in it please.
Regards.
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That which you give to others, life will return it in spades
Quoting as002
just got in front of the terminal. Did not take any trade since last post.

I've placed a limit sell order (23:44 GTM+1) order on the 1H chart with the futurespec EA on the live account.


GM as002:
I recomended you that dont trade a live account untill you dominate system. You will have many oportunities at future. Dont run please.
Regards.
That which you give to others, life will return it in spades
Quoting futurespec
as002,

Pleased that you have faith but PLEASE NOTE that it is early days and the EA has not been fully/properly tested and it is still possible to get unintended results. Just do not want you to lose money on live account due to any unforeseen errors.

To me this morning longs would be the preferred direction due to the strong daily and now the 4hr starting to get above the cloud. I could well be wrong and usually am once I try to make a judgement call. ;-)
We are in an area of some indecision and for me at least it may be better to wait a short...
GM futurespec:
Perfect interpretation.
Regards.
That which you give to others, life will return it in spades
GM Jaque,
Good post :-)

Waiting is definitely the hard part and taking several small losses or BE can be mentally draining but as you so rightly point out the eventual rewards are WORTH IT!!

M.
An alternative to can trade at this situation is forget the actual RB. How?. Ok dont forget but we are looking for put an order at exact price and if we to expect a that price touch RB...............
You can do it and probe. Look and find actual RB inside large RB. At 1h chart i drawed it. You can probe to enter a buy order at arrow. Its a good zone between EMA and Clouds. You probe, risk. If price go UP from this point you are inside market and good look.
I go long at this zone.
Its only a sugerence. But most times it works.
Regards.
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That which you give to others, life will return it in spades
Quoting Jaquemate
...Only with 1 winner trade that capture a 1000-1500-2000 pips you pay all previous loser trades. I sure you. I have seen in past a lot of times. I have seen that i closed a trade with 500 pips thinking that is so good and thinking.... wowww ... i go to closed it.. 500 pips!!!!. But after it price will continue and will continue and reached 2000 or 3000 pips. If a was taked cold blood that 2000 extra pips pay me for a long time. This is a real history believe me...
good morning jaquemate,

thanks for your daily interpretation. in that post of yours, you just mentioned about the subject I've been thinking for a while: pips and money management. you send your results nearly real-time and posted your weekly results a couple of pages back, but risking part of this method is still vague for me. I am not talking about pips or dollars because these are relative values, what is absolute is the % you risk each trade. you can make 2000 pips every day or every week, but if this just makes 2% of your account then it is no different than 20 pips from my point of view, just the lot size changes. in this regard, as we know you don't have a hard stop, can you tell us about your money management? how do you decide the lot size or increase/decrease the amount you trade, etc.?
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