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Higher low, lower high system

  • #2,241
  • Aug 11, 2010 6:18am Aug 11, 2010 6:18am
Quoting Auron112
Hey Musashi.

Interesting stuff with your take on HL/LH trading....
I'm more than happy to assist in anyway i can, I would prefer to discuss things using skype however as posting on a forum all the time can be cumbersome.

Feel free to add me anytime.
  • #2,242
  • Aug 11, 2010 8:09am Aug 11, 2010 8:09am
Quoting Auron112
Hey Musashi.

Interesting stuff with your take on HL/LH trading. I've never actually played around with range bars before but always curious to learn new approaches. Now that they are set up on my charts, I was hoping you could provide a bit more information on your methodology.

I was wondering, why do you prefer range bars for this type of trading? You recommended them in your first post in the thread, and I was curious as to what advantages you think they offer to this brand of trading. I've tried doing some searching for threads on constant...
One thing it will do that immediately springs to mind is that it could well allow earlier entries in some cases as you will have a 7 pip set up candle instead of 10-15 pips or no trade if set up candle on 5 min is too large.
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  • #2,243
  • Aug 11, 2010 8:12am Aug 11, 2010 8:12am
Quoting Vantage
One thing it will do that immediately springs to mind is that it could well allow earlier entries in some cases as you will have a 7 pip set up candle instead of 10-15 pips or no trade if set up candle on 5 min is too large.
In the above example the set up on 7 candle closed at 23, a 5 min set up candle closed on 12.

Thats 1 time need to have a look at lots of charts. Principle the same, looks good first reaction.
  • #2,244
  • Aug 11, 2010 8:14am Aug 11, 2010 8:14am
Quoting Vantage
In the above example the set up on 7 candle closed at 23, a 5 min set up candle closed on 12.

Thats 1 time need to have a look at lots of charts. Principle the same, looks good first reaction.
Yes, having the patience for the right setup to happen and have the discipline to wait and hold for the target area is the difficult part.
  • #2,245
  • Edited 9:09am Aug 11, 2010 8:33am | Edited 9:09am
mmmmh the chart I posted here, http://www.forexfactory.com/showpost...postcount=2223 the lh on a 5 min chart is clear, but to take on RB was nowhere near as clear. Some you'll win some you lose.

Never a bad thing to think of other ideas. Will run tandem for a while.
  • #2,246
  • Aug 11, 2010 8:38am Aug 11, 2010 8:38am
Quoting Vantage
mmmmh the chart I posted here, http://www.forexfactory.com/showpost...postcount=2223 the lh on a 5 min chart is clear, but to take on RB was nowhere near as clear. Some you'll win some you lose.

Never a bad think to think of other ideas. Will run tandem for a while.
Try 15R bars or bigger 25R bars. 7R bars are very fast.

Bigger Range Bars are alot clearer.
  • #2,247
  • Aug 11, 2010 8:50am Aug 11, 2010 8:50am
Quoting Musashi
Try 15R bars or bigger 25R bars. 7R bars are very fast.

Bigger Range Bars are alot clearer.
Wouldn't larger range bars defeat the object?

I will be keeping existing system in full ie I'll still be looking for 1hr and 15 min charts to determine set ups and will look at 5 min and range bars for entry to compare. As R7 is pretty quick (generally looks like 2 or 3 mins) you need to be pretty sure of direction before entry. In a quickish market its almost like trading off a 1 min chart and that can be dangerous.

What it clearly shows is that you better have your head screwed on before you jump in and trade in this manner.
  • #2,248
  • Aug 11, 2010 8:58am Aug 11, 2010 8:58am
Quoting Vantage
What it clearly shows is that you better have your head screwed on before you jump in and trade in this manner.
It also shows how good your results are M, a big warning though to those trying to emulate with 4% at risk per trade, get this method right first.
  • #2,249
  • Aug 11, 2010 9:01am Aug 11, 2010 9:01am
Quoting Vantage
Wouldn't larger range bars defeat the object?

I will be keeping existing system in full ie I'll still be looking for 1hr and 15 min charts to determine set ups and will look at 5 min and range bars for entry to compare. As R7 is pretty quick (generally looks like 2 or 3 mins) you need to be pretty sure of direction before entry. In a quickish market its almost like trading off a 1 min chart and that can be dangerous.

What it clearly shows is that you better have your head screwed on before you jump in and trade in this manner.
Larger bars reduces the noise.

Yes you better be sure you know what you are doing...this market is full of fakeouts.

Better make sure you get those stop in the right spot. It is costly when you don't.

Even the so called professionals screw this market up.
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  • #2,250
  • Aug 11, 2010 9:03am Aug 11, 2010 9:03am
Quoting Vantage
It also shows how good your results are M, a big warning though to those trying to emulate with 4% at risk per trade, get this method right first.
I would not recommend anyone trade with 4% risk per position unless you are very adapt and do not hold onto losers.
  • #2,251
  • Aug 11, 2010 9:05am Aug 11, 2010 9:05am
When i set a target they dont always get there...
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  • #2,252
  • Aug 11, 2010 9:11am Aug 11, 2010 9:11am
this is a difficult market to trade in no doubt about it...
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  • #2,253
  • Aug 11, 2010 9:13am Aug 11, 2010 9:13am
Sometimes they just don't get there.
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  • #2,254
  • Aug 11, 2010 9:32am Aug 11, 2010 9:32am
Sometimes you go to close your order and the broker tells you no connection
  • #2,255
  • Aug 11, 2010 9:39am Aug 11, 2010 9:39am
Quoting Musashi
Sometimes you go to close your order and the broker tells you no connection
Tough luck.

I'm the chef today so I'm outta here, cheers.

PS M, don't you ever sleep!!!!!!!!!!!!
  • #2,256
  • Aug 11, 2010 9:41am Aug 11, 2010 9:41am
Quoting Vantage
Tough luck.

I'm the chef today so I'm outta here, cheers.

PS M, don't you ever sleep!!!!!!!!!!!!


Yes I should of been along time ago.... I think I've spent too long on this forum...
  • #2,257
  • Aug 11, 2010 4:32pm Aug 11, 2010 4:32pm
Quoting Musashi


Yes I should of been along time ago.... I think I've spent too long on this forum...
48 trades yesterday over a 17 hour work day? Woah, that's hard-core.
  • #2,258
  • Aug 11, 2010 6:23pm Aug 11, 2010 6:23pm
Quoting Auron112
48 trades yesterday over a 17 hour work day? Woah, that's hard-core.
I know wont be doing that again anytime soon
  • #2,259
  • Aug 11, 2010 6:59pm Aug 11, 2010 6:59pm
I would like to use the constant range bar indicator. Could someone post it for download? Thanks
  • #2,260
  • Aug 11, 2010 7:03pm Aug 11, 2010 7:03pm
This is the level I'm looking at this morning... bias definitely to the downside
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