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Range Bar Basket System

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  • Post# 121
  • Quote
  • Dec 3, 2012 7:40am
  • Caillou
    Joined Apr 2010 | 1,351 Posts | Status: Member
Quoting Jaquemate
GM futurespec:
Ok good interpretation. I only have one coment.
For me bar 2 dont close out RB1. Bar2 is not a RB. However bar3 close above RB1 then it could be a new RB.
Its only my personal interpretation. I dont think bar3 is a RB cause range is only 120 pips. Its so little and its break with easy. A 100 pips bar can not delimited a price range. Too, Its closed above EMA but dont close above clouds.
But itsn a problem. If we considered bar3 how a RB then we look for sell at bar4 around 84.50 and we closed first position at +120 profit and second...

Hi everyone

Waiting a Sell at arrow. Trendline tells that too.....

Let's see.
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  • Post# 122
  • Quote
  • Dec 3, 2012 7:51am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
Hi all:
Price touch High RB. Im short now at 84.50.
Pos. sa1-2
Targetsa1 +220 pips.
Good luck Caillou.
Regards
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That which you give to others, life will return it in spades
  • Post# 123
  • Quote
  • Dec 3, 2012 7:55am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
wooow -190 against. No fear now. wait to closed. Control fear please.
That which you give to others, life will return it in spades
  • Post# 124
  • Quote
  • Dec 3, 2012 7:57am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
If this UP bar close above RB close position. If close below 100-120 pips against me i wait to retrace.
Regards
That which you give to others, life will return it in spades
  • Post# 125
  • Quote
  • Dec 3, 2012 8:03am
  • Caillou
    Joined Apr 2010 | 1,351 Posts | Status: Member
Quoting Jaquemate
If this UP bar close above RB close position. If close below 100-120 pips against me i wait to retrace.
Regards
-130 pips (included spread) first demo trade......

Cheers
  • Post# 126
  • Quote
  • Dec 3, 2012 8:03am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
Bar closed -100 against me. I assume more risk waiting for retrace to BE.
4h chart say UP with strong. 1 hour to finally actual bar. I hope retrace at this bar.
Regards.
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That which you give to others, life will return it in spades
  • Post# 127
  • Quote
  • Dec 3, 2012 8:05am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
Quoting Caillou
-130 pips (included spread) first demo trade......

Cheers
Im sorry mate.
Im still inside market.
Regards
That which you give to others, life will return it in spades
  • Post# 128
  • Quote
  • Dec 3, 2012 8:27am
  • futurespec
    Joined May 2011 | 724 Posts | Status: If you think I'm mad, I must be mad
Quoting futurespec
GM,
.......................

To my mind the 4hr and Daily are still in uptrend so would be careful about taking shorts just yet.
So this highlights the problem about whether or not the higher TF should take precedence. At least it kept me out but perhaps just out of fear :-(

M.
  • Post# 129
  • Quote
  • Dec 3, 2012 8:28am
  • Caillou
    Joined Apr 2010 | 1,351 Posts | Status: Member
Quoting Jaquemate
Im sorry mate.
Im still inside market.
Regards
Why sorry? Everybody takes his own decisions so not problem at all
  • Post# 130
  • Quote
  • Dec 3, 2012 11:19am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
Well. I closed Sell position sa1-2 at BE after wait to retrace.
Now im looking for longs. 1h & 4h are UP.
Regards.
That which you give to others, life will return it in spades
  • Post# 131
  • Quote
  • Dec 4, 2012 12:49am
  • natomoto
    Joined Nov 2012 | 16 Posts | Status: Member
Hi Caillou,

Thanks for that. I simply need a way that I can put in Stop and/or limit orders as you would on a normal chart along with the (movable) TP and SL lines feature which I believe this has. I find my screen is too cluttered if I put this EA on it. Is there anyway to "isolate" just these elements and use this EA? Much obliged.

Thanks again and happy pipping!

Quoting Caillou
Sure. Apply this EA to your offline chart (post 1832)

http://www.forexfactory.com/showthre...27#post6232027

You have Market, Limit and Stop orders, BE, Trailing......works perfect. Play with it.

Cheers
  • Post# 132
  • Quote
  • Dec 4, 2012 2:32am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
GM All:
Today im looking for longs.
Daily chart say UP trend. Price are moving inside a Range from RB day 23.
4H chart say UP too. Price are moving inside a RB yet. Breakout resistence at 84 and now became at support.
At 1h chart for me points arrows are good zones around enter buy positions.
Regards.
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  • Post# 133
  • Quote
  • Dec 4, 2012 3:12am
  • futurespec
    Joined May 2011 | 724 Posts | Status: If you think I'm mad, I must be mad
GM Jaque,

Couple of Q's please....

1. What indi is generating the arrows?
2. Why you have new RB (on 1hr) when last RB range has not seen new RB close outside?

M.
  • Post# 134
  • Quote
  • Dec 4, 2012 3:40am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
Quoting futurespec
GM Jaque,

Couple of Q's please....

1. What indi is generating the arrows?
2. Why you have new RB (on 1hr) when last RB range has not seen new RB close outside?

M.
GM futurespec:
I drawed arrow. I dont use any indicator. Arrows are only a visual help.
I know that yesterday´s large up bar is actual RB but its been 20 bars and price dont retrace untill Low. I establish todays low as reference point to enter buy. If i enter at todays Low im risking 80 pips more than enter at Low RB. I know it.
If you respect rules the lower arrow is the correct entry level.
Regards.
That which you give to others, life will return it in spades
  • Post# 135
  • Quote
  • Dec 4, 2012 5:55am
  • futurespec
    Joined May 2011 | 724 Posts | Status: If you think I'm mad, I must be mad
If you had left the original RB in place then the last bar would be the new RB and a nice entry @ 85.54

So still the Q. how much discretion to use.

M.
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  • Post# 136
  • Quote
  • Dec 4, 2012 6:09am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
Hi all:
Im agree with you futurespec. 2 hours ago is the new RB.
Im long now. Buy at 85.50. target1: +250.
Regards.
That which you give to others, life will return it in spades
  • Post# 137
  • Quote
  • Dec 4, 2012 6:47am
  • futurespec
    Joined May 2011 | 724 Posts | Status: If you think I'm mad, I must be mad
6 pair worked ok. (but only for 87 pips excl spread).
Half closed, half BE.

M.
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  • Post# 138
  • Quote
  • Dec 4, 2012 7:53am
  • Jaquemate
    Joined Nov 2010 | 358 Posts | Status: Member
Pos. ba1 closed. Target1 reached: +250 pips.
Pos. ba2 still open.
Regards.
That which you give to others, life will return it in spades
  • Post# 139
  • Quote
  • Dec 4, 2012 8:01am
  • Caillou
    Joined Apr 2010 | 1,351 Posts | Status: Member
Quoting natomoto
Hi Caillou,

Thanks for that. I simply need a way that I can put in Stop and/or limit orders as you would on a normal chart along with the (movable) TP and SL lines feature which I believe this has. I find my screen is too cluttered if I put this EA on it. Is there anyway to "isolate" just these elements and use this EA? Much obliged.

Thanks again and happy pipping!
Hi

Sorry. I don't know how to do that.

Cheers
  • Post# 140
  • Quote
  • Dec 4, 2012 11:39am
  • futurespec
    Joined May 2011 | 724 Posts | Status: If you think I'm mad, I must be mad
New RB's and entries on 6 & 14 pair.

When the long entry is from a downbar RB is there a minimum distance from close to low of RB that you look for for entry??

M.
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