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GBPJPY Range Bar Trading System

  • #41
  • Aug 13, 2017 4:18pm Aug 13, 2017 4:18pm
Ok.
I will upload the indis and templates i use.
Im testing many indis to filter, but nothing is solid. except for ADR and Range Bars.


Im bullish. GBPJPY yes. 142.65 Possible reversal

Here is what happens usualy when we have a lower close on friday expect to see two days pull back before trend continues to downside
and if we close on the hi on fridays expect two down days pullback before price gets back up
why. cause of missed oppt in the markets. and Price fills

I will post some charts also.

For now Buy levels would be 141. 58 and sell level 142 60
remember above open or below open... is your trend identier.
Frank Fadi
  • #42
  • Aug 13, 2017 4:22pm Aug 13, 2017 4:22pm
Quoting corinthia
Nice system. How long have you been trading this way? Also, are you still bullish on GJ for Monday? Thanks.
Verily new.
But i have traded for many years stocks and Emini using ranges and market profile , Im back in the game less than a year now. and i focused on forex and ranges. and im finding out its no different but rather even better since its 24hr market.
I do still trade stocks and gold as well as GJ
Frank Fadi
  • #43
  • Aug 13, 2017 4:31pm Aug 13, 2017 4:31pm
Indicators and Template uploaded to first post.

I have an issue with the range bar indi. if anyone has a better range bar indi please share.
Frank Fadi
  • #44
  • Aug 13, 2017 4:58pm Aug 13, 2017 4:58pm
Quoting FxHelp
{quote} Verily new. But i have traded for many years stocks and Emini using ranges and market profile , Im back in the game less than a year now. and i focused on forex and ranges. and im finding out its no different but rather even better since its 24hr market. I do still trade stocks and gold as well as GJ
OK. Thanks. Looks like a great system. Will follow along.
  • #45
  • Aug 13, 2017 5:40pm Aug 13, 2017 5:40pm
this 41 range bar ends at 142.11 next bar retraces a bit, then buying would give another 41 pip range bar toward 142.50s
Attached Image (click to enlarge)
Click to Enlarge Name: yen117.PNG Size: 40 KB
Frank Fadi
  • #46
  • Aug 13, 2017 5:42pm Aug 13, 2017 5:42pm
If and when price drops below the previous low then its sell, cause that would be below the open as well.


The open is your intraday pivot, above its buy , below its sell , then range bars with ADR 135 , filters the trend to find entry's
Frank Fadi
  • #47
  • Aug 13, 2017 9:15pm Aug 13, 2017 9:15pm
Gold 7point Range Bar

Same old story
drop to 1278 possible then rebound toward 1304
Attached Image (click to enlarge)
Click to Enlarge Name: xausud100.PNG Size: 27 KB
Frank Fadi
  • #48
  • Aug 13, 2017 11:00pm Aug 13, 2017 11:00pm
GY 4hr Chart.

Price Heading toward 142.60 then if that breaks expect 143.05 ADR completion. if that completes and breaks above, expect another Full ADR ( might happen on tuesday)
watch for price pullback around frankfurt open.

re-newed buying after pullback toward the break of 142.20s
Attached Image (click to enlarge)
Click to Enlarge Name: gy1.PNG Size: 45 KB
Frank Fadi
  • #49
  • Aug 13, 2017 11:02pm Aug 13, 2017 11:02pm
Got in 142.39
Tp 142.62
Attached Image (click to enlarge)
Click to Enlarge Name: gy2.PNG Size: 137 KB
Frank Fadi
  • #50
  • Aug 13, 2017 11:15pm Aug 13, 2017 11:15pm
Now that price is at 60s
what to expect.
price will have a pullback at around frankfurt.. We do nothing for now. WAIT
Wait for pullback toward 40s to get in on the long side, and wait for ADR completion at 143.05
Frank Fadi
  • #51
  • Aug 13, 2017 11:49pm Aug 13, 2017 11:49pm
21 range bar high ends at 142.69
and
41 range bar high ends at 142.84

Price reaches 142.84 then its confirmed towrd 143.05

price stays below 142.69 expect return back toward todays open. ( not exactly but toward)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: yen118.PNG Size: 31 KB
Click to Enlarge Name: yen119.PNG Size: 39 KB
Frank Fadi
  • #52
  • Aug 14, 2017 1:59am Aug 14, 2017 1:59am
HI FADI
GOOD TO SEE YOU BACK WITH THIS GOOD THREAD
HOWEVER, MY EXP. WITH RENKO AND RANGE BARS IS BAD.
I Have developed many ea.s to trade these two crazy bars
the first look is good but after few bars, as the chart is on off mode m2 or m4 or m6.... the bars will be not accurate and then you need to close the chart and reopen it or change the time frame then going back to the requird time frame..

\are you acing the same problem, if you do not then please guide me to the good setup for the range bars chart that it will not make this defect and i promise you you will get in your thread here a very strong ea's for the strategy
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #53
  • Aug 14, 2017 2:28am Aug 14, 2017 2:28am
Quoting Samer1970
HI FADI GOOD TO SEE YOU BACK WITH THIS GOOD THREAD HOWEVER, MY EXP. WITH RENKO AND RANGE BARS IS BAD. I Have developed many ea.s to trade these two crazy bars the first look is good but after few bars, as the chart is on off mode m2 or m4 or m6.... the bars will be not accurate and then you need to close the chart and reopen it or change the time frame then going back to the requird time frame.. \are you acing the same problem, if you do not then please guide me to the good setup for the range bars chart that it will not make this defect and i promise...
Yeah I know about MT4 . not very reliable, i keep refreshing the indi before the session

I also use Ninjatrader8 with Interactive and I have Range bars also,
Frank Fadi
  • #54
  • Aug 14, 2017 2:31am Aug 14, 2017 2:31am
bounce off of .65
buy points .40 .20
to be safe, wait for London IB to complete ( initial balance 1st Hr of the session)
if bullish candle forms. its a buy if bearish, obviously more downside possible.
price needs to take out .69 to see 143.05 or more

below the open its all sell again
Attached Image (click to enlarge)
Click to Enlarge Name: yen120.PNG Size: 30 KB
Frank Fadi
  • #55
  • Aug 14, 2017 2:38am Aug 14, 2017 2:38am
Quoting Samer1970
HI FADI GOOD TO SEE YOU BACK WITH THIS GOOD THREAD HOWEVER, MY EXP. WITH RENKO AND RANGE BARS IS BAD. I Have developed many ea.s to trade these two crazy bars the first look is good but after few bars, as the chart is on off mode m2 or m4 or m6.... the bars will be not accurate and then you need to close the chart and reopen it or change the time frame then going back to the requird time frame.. \are you acing the same problem, if you do not then please guide me to the good setup for the range bars chart that it will not make this defect and i promise...
And by the way, this inidi i uploaded is the cleanest i found. its accurate enough.
setting it up. is easy.
Just put on any time frame chart.. and open offline thats it.
you can use templates uploaded.

By the way I dropped the Pivot . as the daily open is a stronger pivot for intraday trading.
while i dont reallly trade on MT4, i use Interactive brokers. and they don't provide MT4 so and expert isn't for me. but it would awesome that everyone here can make use of it. its honorable that you offer. Thank you
Frank Fadi
  • #56
  • Aug 14, 2017 2:41am Aug 14, 2017 2:41am
here is a 41 pips range bars. clearly shows price in pullback
Attached Image (click to enlarge)
Click to Enlarge Name: yen121.PNG Size: 40 KB
Frank Fadi
  • #57
  • Aug 14, 2017 2:44am Aug 14, 2017 2:44am
the flow is jumpy... expecting a breakout to upside
Frank Fadi
  • #58
  • Aug 14, 2017 2:46am Aug 14, 2017 2:46am
3rd 4hr bar, usually moves 1.3 the previous range.
expecting a breakout
any suicidals. wanna buy here and take a chance.
Frank Fadi
  • #59
  • Aug 14, 2017 2:47am Aug 14, 2017 2:47am
you could buy here but risk is 65

if not taken out. price will drop back to open
Frank Fadi
  • #60
  • Aug 14, 2017 2:50am Aug 14, 2017 2:50am
new 21 pip range bar.

lets see if it breaks.
go with the break??
or
Wait for Retest of the break .. that would be 65 again but on the other side
Attached Image (click to enlarge)
Click to Enlarge Name: yen122.PNG Size: 29 KB
Frank Fadi
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