2 clicks, 75% out at 0.5 R then moved to BE, exit the rest at relevant structure
0.8% profit for the day (other trades not posted before this)
Trading for 1 hour only (9-10 EST), longest time I can stay sharp
Break of Structure and Retracement, 2 clicks on that move {image}
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BMS+Retrace requires a 62 test on the setup I teach.... but I guess you can still say it was a simple system entry...... as long as you do well with management and take valid trade ideas you'll be fine.
{quote} Hello sharpie, what do you mean by a "normal" range bar? I followed u from the other thread and have installed the range bars you are using, and since I wasnt sure about the range to input, I just used 4000 as that was what you used in your video. I am also only trading US30 first two hours of new york same as you. Perphaps you mean if the range bar chart moves slower than the regular m5 APB chart, then we should decrease the range, and if too fast increase the range? Hope to get enlightened by you, thanks in advance for any input
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When you get enough experience you'll find a decent rangebar size to use.... not too small not too big... the median.... this will change on a day by day basis..... it's somewhat subjective.... I can't give you an exact number.... with experience you will get better at choosing a good bar size...
I recommend having 2x rangebar charts..... one chart you will use an bigger bar (sort of like how you may have a higher tf) and then your normal chart..... as conditions change you should be able to notice the change in rhythm on both charts and adjust accordingly.
{quote} BMS+Retrace requires a 62 test on the setup I teach.... but I guess you can still say it was a simple system entry...... as long as you do well with management and take valid trade ideas you'll be fine.
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Thanks sharpie, yes it didn't quite get to 61.8 but i decided it was close enough thankfully it worked out. Yes in my eyes it was simple system entry and on the first pullback too. Thanks for your input
{quote} Thanks sharpie, yes it didn't quite get to 61.8 but i decided it was close enough thankfully it worked out. Yes in my eyes it was simple system entry and on the first pullback too. Thanks for your input
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Glad you understand and sorry for the late response on your previous question.
{quote} When you get enough experience you'll find a decent rangebar size to use.... not too small not too big... the median.... this will change on a day by day basis..... it's somewhat subjective.... I can't give you an exact number.... with experience you will get better at choosing a good bar size... I recommend having 2x rangebar charts..... one chart you will use an bigger bar (sort of like how you may have a higher tf) and then your normal chart..... as conditions change you should be able to notice the change in rhythm on both charts and...
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Got it, for now im using the autorange function/indicator with a 5 min timeframe for range calculation with the chart length set for 1 month of data. I guess for now this will be my "normal" chart, and another one with a bigger bar as my "higher tf" and will observe and adjust from there. Maybe Ill see what youre getting at then. thanks! currently up 1.8% for now, using one click when I start my session and only ever using 2 clicks when im in the green and a A+ set up appears. For now, for me, this is either the first pullback and reversal at a key Fib level (61.8) after a BoS or a reversal at a key point(SnR zones). Hope to add more to my arsenal
{quote} Got it, for now im using the autorange function/indicator with a 5 min timeframe for range calculation with the chart length set for 1 month of data. I guess for now this will be my "normal" chart, and another one with a bigger bar as my "higher tf" and will observe and adjust from there. Maybe Ill see what youre getting at then. thanks! currently up 1.8% for now, using one click when I start my session and only ever using 2 clicks when im in the green and a A+ set up appears. For now, for me, this is either the first pullback and reversal...
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I recently developed my own JSWING setup (same as posted)... That's what I'm mainly focused on now... It's in line with my beliefs about something I liked to call movement theory and something I like to call protected swing points.....
