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Higher low, lower high system

  • #2,261
  • Aug 11, 2010 7:56pm Aug 11, 2010 7:56pm
Here is a nice one with a test. When you get the test they are alot safer bets.

Jim
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  • #2,262
  • Aug 11, 2010 10:09pm Aug 11, 2010 10:09pm
Quoting Nene
Here is a nice one with a test. When you get the test they are alot safer bets.

Jim
That was a beauty, thanks for sharing your chart.
  • #2,263
  • Aug 12, 2010 1:32am Aug 12, 2010 1:32am
This is my first trade of the day, about 30 mins. before FO. There was a LH and the third attempt to break the RN. I waited until the RN was well and truly broken and went long at 110.15. Out at +15.
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  • #2,264
  • Aug 12, 2010 1:41am Aug 12, 2010 1:41am
Quoting Vantage
Tough luck.

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

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

Sleep is for babies haha
  • #2,265
  • Aug 12, 2010 1:41am Aug 12, 2010 1:41am
I did mean to add that was an almost identical entry on the candlestick chart that I think was a 100% system trade.
  • #2,266
  • Aug 12, 2010 1:45am Aug 12, 2010 1:45am
Quoting orientos
This is my first trade of the day, about 30 mins. before FO. There was a LH and the third attempt to break the RN. I waited until the RN was well and truly broken and went long at 110.15. Out at +15.
Switched over to the Musashi method pretty quick, didn't ya? Seriously though, I do like the look of those range bars, but I've got a LOT of testing to do...

Edit: Yes, I saw the post and the charts showing the 5min setup as well. Just kidding...
  • #2,267
  • Aug 12, 2010 1:54am Aug 12, 2010 1:54am
At the RN resistance clearly became support and so I grabbed another +15 (not a V. entry) However there is a LH in progress as I type this, which I didn't take as it will require a new HOD to meet a decent RR.
  • #2,268
  • Aug 12, 2010 2:05am Aug 12, 2010 2:05am
Woe is me...............that LH turned out to be a +30 trade so far (second arrow)
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  • #2,269
  • Aug 12, 2010 2:16am Aug 12, 2010 2:16am
Congratulation mate,

This is the sort of patterns to look for, you seem to have the idea.

Well done.

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  • #2,270
  • Aug 12, 2010 2:25am Aug 12, 2010 2:25am
Examples of Higher Low/Followed by Resistance candles breaking, means go long.

Quite clear.
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  • #2,271
  • Aug 12, 2010 2:27am Aug 12, 2010 2:27am
These range bars look very interesting but I don't see the indicator being posted so it's difficult for many of us to follow or get involved with.

I've looked on the net for the indi but can't find one. Nor much discussion on range bar methods. Can anyone help?

Thanks in advance.

Steve
  • #2,272
  • Aug 12, 2010 2:36am Aug 12, 2010 2:36am
hi all thanks for vintage, that's great thread. My trading methode similar, use HL/LH and 2B. I use 5min time frame at EU pair, sometime EJ. I'll post my chart if i've entry setup.
  • #2,273
  • Aug 12, 2010 2:52am Aug 12, 2010 2:52am
Quoting masut
hi all thanks for vintage, that's great thread. My trading methode similar, use HL/LH and 2B. I use 5min time frame at EU pair, sometime EJ. I'll post my chart if i've entry setup.
Welcome here, post charts anytime.
  • #2,274
  • Aug 12, 2010 2:54am Aug 12, 2010 2:54am
Quoting orientos
Woe is me...............that LH turned out to be a +30 trade so far (second arrow)
Nice trades O, I got a bit late to the BOJ unhappy with strong jpy party this am.
  • #2,275
  • Aug 12, 2010 3:04am Aug 12, 2010 3:04am
Sorry I couldn't post my Range Bar. It's a script (not an EA) that I purchased some years ago. But they all seem to work the same.
  • #2,276
  • Aug 12, 2010 3:22am Aug 12, 2010 3:22am
Thanks Auron & Vantage. I've now got range bars.

I'm not sure exactly how they are calculated but there are some very clear tradable patterns there. Great noise reduction. MAs seem to really show direction & opportunity. Is this all as good as it looks?

Steve
  • #2,277
  • Aug 12, 2010 3:29am Aug 12, 2010 3:29am
Quoting zhdeef
Thanks Auron & Vantage. I've now got range bars.

I'm not sure exactly how they are calculated but there are some very clear tradable patterns there. Great noise reduction. MAs seem to really show direction & opportunity. Is this all as good as it looks?

Steve
Nothing is as good as it looks Steve. Musashi that put us onto RB's here has been trading them for a little while. Like everything try them, watch currencies where they react what the little tricks are. Some things DO NOT change EVER in trading. Good MM, get method that works for you, trade trend, take reversals with other supporting info (proven sup/res, pivot etc etc etc). Its not the grail, it is a good tool though.

Basically all should do their homework with this and any other new tool.
  • #2,278
  • Aug 12, 2010 3:30am Aug 12, 2010 3:30am
Quoting zhdeef
Thanks Auron & Vantage. I've now got range bars.

I'm not sure exactly how they are calculated but there are some very clear tradable patterns there. Great noise reduction. MAs seem to really show direction & opportunity. Is this all as good as it looks?

Steve
Each candle is the number of pips chosen. Working on 7 at the mo. Musashi also uses 14.
  • #2,279
  • Aug 12, 2010 3:34am Aug 12, 2010 3:34am
Quoting zhdeef
Thanks Auron & Vantage. I've now got range bars.

I'm not sure exactly how they are calculated but there are some very clear tradable patterns there. Great noise reduction. MAs seem to really show direction & opportunity. Is this all as good as it looks?

Steve
The range bars are calculated by using price. Pure price. Nothing else. You select the size of the bars that you want, 2 being the minimum, and no maximum as far as i can tell.

As you can see the patterns are very obvious. Take time to watch how price moves and how it reacts to round number on the chart and how it reacts to previous levels intraday.

Especially pay attention to what happens when price goes past an obvious level of support and obvious level of resistance.

You will be amazed at what you can do with a couple of horizontal lines on your chart.
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  • #2,280
  • Aug 12, 2010 3:41am Aug 12, 2010 3:41am
Can you please tell me how to draw those lines.
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