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Trading Using Control Bars

  • #61
  • Jul 18, 2011 1:54am Jul 18, 2011 1:54am
I agree, I love the concept and thank NSK for sharing.
  • #62
  • Jul 18, 2011 2:20am Jul 18, 2011 2:20am
Attached is the 1H chart of GBPUSD. The control bar has again been marked as A. It is very simple and easy to locate. You can see that the price has kept bouncing off the highs of the control bar. The high of the bar serves as a good support after it has been broken. It has bounced 3-4 times now and each time , you could have easily made 30-40 pips. I had taken a short on EURGBP and long on GBPUSD as per the control bars and have already closed each of them for 40 pips. Had taken them with a SL of 20 pips. Easy !!
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  • #63
  • Jul 18, 2011 2:22am Jul 18, 2011 2:22am
Quoting aw714
Thanks for the explanation. How do you filter the bars? --because otherwise it seems like a control bar is just the same as a wide range bar.
for now, lets not filter anything....i am doing this to make everyone understand it easily...to make them see how a strategy can be developed around a lot of small small things that u see on the charts....

so for now, lets build the basics...lets just have these bars under consideration and see what we can build around this....if interest persists, we will move on to advanced stuff...
  • #64
  • Jul 18, 2011 2:41am Jul 18, 2011 2:41am
Quoting ns_karthik
Attached is the 1H chart of GBPUSD. The control bar has again been marked as A. It is very simple and easy to locate. You can see that the price has kept bouncing off the highs of the control bar. The high of the bar serves as a good support after it has been broken. It has bounced 3-4 times now and each time , you could have easily made 30-40 pips. I had taken a short on EURGBP and long on GBPUSD as per the control bars and have already closed each of them for 40 pips. Had taken them with a SL of 20 pips. Easy !!
you marked same as my post # 46.. you changed your opinion or your specialized algo lol told you to do so ?
  • #65
  • Jul 18, 2011 2:52am Jul 18, 2011 2:52am
Quoting kamise
you marked same as my post # 46.. you changed your opinion or your specialized algo lol told you to do so ?

sigh....its cos of idiots like these that i stopped posting/sharing my thoughts here....this from a man who proudly advertises a stupid thing called 'SMART' and shows a record of wins & losses which is clearly stupid...anyway, i knew i would get such idiotic posts...if more people continue with this idiocy, i would rather stop wasting my time here in this thread...
  • #66
  • Jul 18, 2011 2:57am Jul 18, 2011 2:57am
Quoting ns_karthik
sigh....its cos of idiots like these that i stopped posting/sharing my thoughts here....this from a man who proudly advertises a stupid thing called 'SMART' and shows a record of wins & losses which is clearly stupid...anyway, i knew i would get such idiotic posts...if more people continue with this idiocy, i would rather stop wasting my time here in this thread...
I hope you don't get discouraged by stupid comments, I really want to learn from your thread. There are too few threads by successful traders on this forum.
  • #67
  • Jul 18, 2011 3:03am Jul 18, 2011 3:03am
Keep up a good work karthik
Mind is the King
  • #68
  • Jul 18, 2011 3:27am Jul 18, 2011 3:27am
my friend karthik

i hear what u say.. .. but do not let few idiots discredent u from posting... i am sure their so called invisible ppl who do visit this site and follow u r way of trading.... i am one of them

so keep posting and ignore few unpleasent ppl.. v all have our share of this..

all the best
  • #69
  • Jul 18, 2011 3:40am Jul 18, 2011 3:40am
Quoting ns_karthik
sigh....its cos of idiots like these that i stopped posting/sharing my thoughts here....this from a man who proudly advertises a stupid thing called 'SMART' and shows a record of wins & losses which is clearly stupid...anyway, i knew i would get such idiotic posts...if more people continue with this idiocy, i would rather stop wasting my time here in this thread...
u r right sir but dont let one man destroy u will of sharing just because he think he is the best on this game.I'm following everything u right sir and again plizzzzzzz dont be discourage there is alot of us here who want to learn this concept and am one of them although i hav the same one of which i would say looks similar to uas but mine i trade the break outside only plizzz sir continue
  • #70
  • Jul 18, 2011 4:48am Jul 18, 2011 4:48am
No need to be distracted. Everyone can make comment and everyone else can ignore them.

So the Control Bar is a breakout at 1200(whatever tomeframe) followed by several hours of range action and trades (if you can be bothered trading a range). What happens next?
  • #71
  • Jul 18, 2011 5:14am Jul 18, 2011 5:14am
Quoting ShoppingGuy
No need to be distracted. Everyone can make comment and everyone else can ignore them.

So the Control Bar is a breakout at 1200(whatever tomeframe) followed by several hours of range action and trades (if you can be bothered trading a range). What happens next?
You've totally missed the point.

NSK is trying to show us how a control bar can contain price movement (range) and how it can provide support/resistance levels (after price breaks out) for intraday trading.
  • #72
  • Jul 18, 2011 6:02am Jul 18, 2011 6:02am
Quoting the-game
You've totally missed the point.

NSK is trying to show us how a control bar can contain price movement (range) and how it can provide support/resistance levels (after price breaks out) for intraday trading.
What point have I missed? If you know something about "the point" then please share. So far we have been told CBs are major bars that move the price to a higher/lower range (my words). Which I think is similar to what you have just said. I am happy to wait for further information but just as happy to venture an opinion.
  • #73
  • Jul 18, 2011 6:35am Jul 18, 2011 6:35am
@ns_karthik
I'm definately bowing out of this thread, although I would like to add it did lead me to investigate VSA, a lot of threads and opinons, interesting stuff....

On that note I really see no difference other then verbiage then trading inside or outside bars and adding support and resistance via the bar it takes all of 1 second and doesn't take a special Alog....good luck to all. Not a hater
Never been vouched
  • #74
  • Jul 18, 2011 6:52am Jul 18, 2011 6:52am
Quoting ShoppingGuy
What point have I missed? If you know something about "the point" then please share. So far we have been told CBs are major bars that move the price to a higher/lower range (my words). Which I think is similar to what you have just said. I am happy to wait for further information but just as happy to venture an opinion.
well, its been just 3-4 days since this thread started and so much venom already....very very surprising.....not sure why there should be so much venom in here....one thing that is necessary for anyone to become a successful trader is to shut the mouth and listen....admit that we have a lot to learn and listen...rather than trying to force our point of view on someone else....if u havent understood something, ask politely and wait for an answer....if u still dont understand, ask again....thats how u learn...

not by challenging others for each and every comment....
  • #75
  • Jul 18, 2011 6:54am Jul 18, 2011 6:54am
Quoting iono
@ns_karthik
I'm definately bowing out of this thread, although I would like to add it did lead me to investigate VSA, a lot of threads and opinons, interesting stuff....

On that note I really see no difference other then verbiage then trading inside or outside bars and adding support and resistance via the bar it takes all of 1 second and doesn't take a special Alog....good luck to all. Not a hater
this is why i really dont like wasting my time anymore over here...and i believe that this is the reason why even the reasonably good traders have left the forum...FF used to be great...now it is filled with people who think they know everything...

u werent invited into the thread nor did u introduce urself when u came into the thread....and if u leave, i guess no one is going to be bothered...so why announce that u r leaving? if u wanna leave, leave...cos i am leaving too....
  • #76
  • Jul 18, 2011 6:59am Jul 18, 2011 6:59am
as i had expected and had stated in my first few posts, it has been proved that it is all a waste of time here....this is no longer a place for sincere trainers or learners...all i see is hate and trying to play a game of one-upmanship on who is better and who knows more...

if u know more and are better...so be it...i havent come here to prove that i am a good trader...i dont need to waste my time here to prove that...and if u r really better, pls do take the time to help other traders rather than coming into new threads and trying to pull it down...

u guys havent even given me a chance to explain things fully and already i see so much hate around...

so i dont want to post here anymore...if u want to learn, u can see my blog...that is my domain where there will be much more control....i will continue there....
  • #77
  • Jul 18, 2011 7:48am Jul 18, 2011 7:48am
Hi Karthik...

it's the second time I try to follow a thread you guide.

Maybe this time it was more difficult, because you did not share the underlying algorythms of your ControlBars. So I would have to rely on you, always waiting for new posts with CBs.
If we invest our time to follow and learn the strategy you developed, we have to be sure that you will post those CBs/Signals/insights...whatever.

Maybe you took the second step first....

Some posts over the weekend by bored traders chilling out on FF and writing a post here and there stops you from continuing the thread?

Why dont you just ignore those posts... and go on as the new week begins.

I'd really appreciate that.

Have a good tradingweek and make a lot of green pips,

Oxilixo


English is not my native language - please don't quote
  • #78
  • Jul 18, 2011 9:09am Jul 18, 2011 9:09am
Please nskarthik don`t let anything discourage you. I read quite a lot and love learning here, especially from experienced traders.

Took a mini-short on chfjpy, after the very wide range up bar to the left you can see how it moved around. I am speculating on big boys taking out the stops below this range. Just a test and observing.....

Good trading and good mood to all.


___________
michael
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Be like water.
  • #79
  • Jul 18, 2011 12:43pm Jul 18, 2011 12:43pm
those who know every thing, allow others to learn without disturbing
  • #80
  • Jul 18, 2011 1:25pm Jul 18, 2011 1:25pm

Hey Kartik, hope you will resume the thread again. I would love to learn from you and I am sure there are many serious learners following this thread.

Cheers
Vicky

Fall seven times, stand up Eight! #GGMU
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