Linda Raschke is a trader I hold in very high esteem ... She has a play where she uses the first 20 mins..(5 min bars) from 8am then plays the BO.... A fixed time method...with a fixed timeout as well... Interesting and always something to learn from Linda....Lots of nuggets dropped from her today.. Perhaps you might learn something,,,if you can fog a mirror that is... Cheers and hope all are having a good weekend Blue
https://www.youtube.com/live/c1ncNqb...2YtnHbS&t=8051
Let us look together at how posts such as Bluesteel's serve to generate ideas worthy of our attention and time.
For me, the first thing I do when setting to do a visual review or back test of price action around a specific fixed bar interval is I build a template. I built this template in Ninjatrader and I saved it as "Raschke Opening Range."
The Linda Raschke range is the 20 minutes of trading on the ES that opens at 8 AM NYC and closes at 8:20 AM NYC, and that range is highlighted in yellow. Blue notes that LBR (old school abbreviation referring to Linda Bradford Raschke) uses five-minute bars. My preference, given the way I personally prefer to trade fixed bar interval ranges, is to start with the bars equal to the fixed interval itself. In this case, we are looking at 20-minute bars.
Note also that while I have the full 24 hour data plotted on the chart, I built the template so that only the data that occurs at and after the LBR-OR (Linda Raschke Opening Range) is visible. The highlighting in pink continues until the close of the regular US trading session.
When it comes to the US Indices, I have grown somewhat enamored of a "long only" strategy. So for my first test of the LBR-OR, I'd use my risk reward tool, and I'd spreadsheet only the long breakouts, and I'd track the max reward to risk reached up to 2X the LBR-OR range.
This is data from June 2, 2025. I usually would go back to the first trade day of the prior month, and back test this strategy forward through the most recent trading day.
If I have something that looks worthwhile, I then decide whether it is worthwhile enough to open a new prop account dedicated only to trades using this strategy.
I do not know how this thread, which is just 1 thread of over 3300 systems threads at FF has managed to gain a bit of controversy. I believe the controveries are manufactured solely for the attention getting efforts of those who manufactured them, and to yank some of our readers and contributors of the path and into the weeds filled with poison ivy, poison oak, poison FOMO, poison ROMO ("regret of having missed out, i.e. chasing entries), poison over-trading, poison over-leveraging and other noxious, toxis, and often fatal weeds to traders.
This thread is about learning to trade the fixed bar interval method using strict, non-negotiable, non-discretionary rules that will allow any and every trader who puts in the work to:
1) develop the skills necessary to become a consistently profitable trader obsessed with the process of trading rather than the outcome of every individual trade, and
2) to discover and develop a fixed bar interval trading strategy and plan that fits that particular trader's lifestyle, time zone, risk appetite, and emotional control.
If you read this, and if the idea of achieving these two goals appeals to you, then ignore the trols, and get to work!
Life itself is a privilege, but to live life to the fullest is a choice
