Musashi Trading Journal Using Range Bars

hi how are you doing?

do you mind posting the constant range bar ea?

thanks

you will find one in this thread, I will come back with more info soon

http://www.forexfactory.com/showthread.php?t=257683

and here is good advice, I can't access the site mentioned .......

http://www.forexfactory.com/showthread.php?t=211736

Hi Mussashi,
You had mentioned in #1,that you trade around the 01 25 50 and 75 levels in market. Is there any special reason for this?Are these levels used only for exit if get entered in trade as per Higher low and Lower high.
Also it will be great if you could post your latest trade and your trading statement.

I'm planning to post more this year in this thread. So stay tuned.

7 Range Chart.

This is the basic chart setup that I will be trading.

Approaching resistance on the chart, previous swing highs here plus 00 level.

Can you tell us about any updated entry criteria and Trend Continuation indi ideas?
Thanks!

GU short trade.

Resistance evident lower swing high so moved stop above it, moved TP down just in case.

Having trouble here... moved down again... taken out for 1.4 x risk.

Going for around the 22 level on this one, approximately 1.7x risk

Seems the overnight highs is just too much for price to get past.

Fairly typical.

Found intraday support and showing a H/L pattern, looks good for some more upside... presuming this resistance level in the market breaks.

Up pressure is building.. serious congestion prior to europe open. Also quite typical.

Soo close..... Just got out of it...

EU set up for a long.

Bit risky this time of day however. Just stayed in by the spread... Closing it for -5 pips as EJ is looking bearish and the move by gu to the short side

Made 1.8x risk on this EJ short Trade.

hello musashi. first of all i'm not sure if it's ok for me to post some of my trades here. if you'd rather keep this thread for your own journal, please let me know. i have used CRB in the past, without any real benefit. then i came upon your posts at vantage's thread, and i've decided to give it another try. i use range 7 with heiken ashy, i find the combination extremely helpful and visually clear.

basically i trade reversal 123 formations only - for the time being i'm not taking continuation trades. my rules are:

1) TL break, so that point 1 and point 2 are on opposite side of TL. point 2 should break TL convincingly and close beyond it.

2) wait for point 3 to form. i like to see at least 1 heiken ashy of opposite color, and small heiken ashy bodies on the retrace

3) as soon as i see an heiken ashy longer body candle in the direction of trade, with flat bottom/top to signal strenght, i enter at market.

4) sl at low of retracement.

5) TP is always 1:1 for now.

6) at this point i risk around 2% of equity, but i'm fairly confident that this method could use a 5% risk. i usually only trade 1st move of london session, trying to concentrate only on e/u and e/j.

i've attached my e/u trade for today. there was an identical setup on e/j as well, but due to platform limitations which i'm about to figure out how to overcome, i only entered on e/u. since last swing was down, i was looking only for longs, as explained above.

second chart is yesterday's e/j trade.

i do appreciate any criticism/comment/input related to this style. thank you and good trading to you.

No I appreciate any input with respect to trading using Price Bars or Range Bars.

I've looked at HA bars before but I just prefer a couple of moving averages now as the trend filter. I've tried different types of bars as well, however I've just decided to settle on the normal colored bars.

The most important thing is Price Levels and Support Resistance Levels.

Combined with proper risk management and a good r:r there's not much else I can say.

The only way to make money in this market is to be patient and wait...

great, thanks for your reply. my trading week is over, but i'll start posting trades from monday. have a good weekend

Have a good weekend. Take care.