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RANGE Breaker Method

  • #81
  • Aug 20, 2011 2:11pm Aug 20, 2011 2:11pm
Downloaded all the videos (with no problems ) and just wanted to say
Good Job !

Very simple PA methodology of trading you have presented. Looking forward to more vids as these are some of the best basic PA vids I have seen.

I assume you are trading across most TF's ? And it looks like you trade mainly the EU. How many setups do you find in your typical session Razorman?

Bluesteele
Master your Mind,,,Master the Market
  • #82
  • Aug 20, 2011 2:24pm Aug 20, 2011 2:24pm
Quoting Razorman
This is a picture perfect example on the 15minute chart.
This was during the london session.
Why didn't you take the divergence I marked with red lines?
There were other divergences, too. Why didn't you take them?
This is what I find difficult; taking some divergences and disregarding others.
How do you decide which one is good and which one isn't?
Attached Image (click to enlarge)
Click to Enlarge Name: perfect.jpg Size: 241 KB
  • #83
  • Aug 20, 2011 2:24pm Aug 20, 2011 2:24pm
Quoting Razorman
can u post a picture so i can see what you mean?
Please see chart attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: double_divergence_2.jpg Size: 113 KB
Click to Enlarge Name: double_divergence.jpg Size: 101 KB
  • #84
  • Aug 20, 2011 2:33pm Aug 20, 2011 2:33pm
Quoting vijidas
Please see chart attached.
We asked the same questions at the same time.
I may have an answer to this problem but first I'd really like to read what Razorman has to say about it. He may have a better solution to this frequent problem.
  • #85
  • Aug 20, 2011 2:42pm Aug 20, 2011 2:42pm
Quoting Hungarian
Why didn't you take the divergence I marked with red lines?
There were other divergences, too. Why didn't you take them?
This is what I find difficult; taking some divergences and disregarding others.
How do you decide which one is good and which one isn't?
Hungarian, I would say there are too many swing high and swing lows with the way you marked your divergence. connect the most recent LL's for uptrend and most recent HH's for downtrend. See attached chart with arrows. As you can see there are too many swings highs and lows between those divergence you marked.

Also the most important point about divergence is: you need to look for divergence to confirm trend direction change. When price made new swing high or swing low, you are looking at the oscillator to see whether they have made new swing low or high. If they don't then you got divergence. In your example swings you marked, price is not making new highs or lows to look for divergence. Hope this information helps.
Attached Image (click to enlarge)
Click to Enlarge Name: example_divergence.jpg Size: 88 KB
  • #86
  • Aug 20, 2011 2:45pm Aug 20, 2011 2:45pm
Quoting Hungarian
We asked the same questions at the same time.
I may have an answer to this problem but first I'd really like to read what Razorman has to say about it. He may have a better solution to this frequent problem.
Both of our questions are similar but little different. My divergence is recent swings highs. Your divergence has got many swing highs and lows in between.

But lets see how razorman filters them. My assumption is: he doesn't and he takes them and trade becomes BE or loss. Losses are unavoidable in trading.
  • #87
  • Aug 20, 2011 2:48pm Aug 20, 2011 2:48pm
Those are very good questions. When i look for a setup i want the swings to be close, withing a few bars. The one's you have in you screenshot are very very wide apart. If you look back thorough various charts you will notice this phenomena. It takes some time to train your eyes but you will see what i am talking about.

Quoting Hungarian
We asked the same questions at the same time.
I may have an answer to this problem but first I'd really like to read what Razorman has to say about it. He may have a better solution to this frequent problem.
  • #88
  • Aug 20, 2011 2:50pm Aug 20, 2011 2:50pm
Quoting Hungarian
We asked the same questions at the same time.
I may have an answer to this problem but first I'd really like to read what Razorman has to say about it. He may have a better solution to this frequent problem.
Hungarian, please see attached chart which has got bill williams fractal indicator. From the indicator you can see the swing highs and swing lows clearly. and as we can see connecting the most recent swing low's seem most obvious for divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: fractal_divergence.jpg Size: 87 KB
  • #89
  • Aug 20, 2011 2:51pm Aug 20, 2011 2:51pm
If the first screenshot you posted you wound not have taken the first trade. Remember what i said. You need a big bar to enter a trade. You need a fully engulfing bar or a pin bar. So neither the first nor the second would have been trades.

In the second screen the first one is ok the second one is not.

Quoting vijidas
Please see chart attached.
  • #90
  • Aug 20, 2011 2:59pm Aug 20, 2011 2:59pm
Quoting Razorman
If the first screenshot you posted you wound not have taken the first trade. Remember what i said. You need a big bar to enter a trade. You need a fully engulfing bar or a pin bar. So neither the first nor the second would have been trades.

In the second screen the first one is ok the second one is not.
So PA + divergence. cool. Thanks.

Which is your favourite timescale? 1M or 5M or 15M or even higher tf?
  • #91
  • Aug 20, 2011 3:43pm Aug 20, 2011 3:43pm
ALL SCALES if the setup is there i trade.
  • #92
  • Aug 20, 2011 3:56pm Aug 20, 2011 3:56pm
Do share please. I am always on the lookout for new ideas.

Quoting redart007
Hi razor I am using a similar system but with the 9 rsi and pivots, haven't watched all the vid's yet but the patterns are the same.

There's a one bar divergence that I'll share when I have more time, difficult to spot but easy when you know how...

Keep it coming...

Thanks
  • #93
  • Aug 20, 2011 11:04pm Aug 20, 2011 11:04pm
Hi Razorman

Just looking for your comments on these divergences whether they are valid setups or not.

Bluesteele







http://i496.photobucket.com/albums/r...ngebreaker.gif
Master your Mind,,,Master the Market
  • #94
  • Aug 21, 2011 11:03am Aug 21, 2011 11:03am
This is what you want to see.
Attached Image (click to enlarge)
Click to Enlarge Name: eurangebreaker.gif Size: 20 KB
  • #95
  • Aug 21, 2011 12:34pm Aug 21, 2011 12:34pm
Hi Razorman
I understand the clear space between the swings. Question now is whether the long wick on the green candle is a valid swing low or would you prefer that the preceeding red candle has a longer body?

Thanks
Bluesteele

http://i496.photobucket.com/albums/r...ebreaker-1.gif
Master your Mind,,,Master the Market
  • #96
  • Aug 21, 2011 3:17pm Aug 21, 2011 3:17pm
Hey bluesteele,

I uploaded a divergence tutorial video on the front page. Check it out.
  • #97
  • Aug 21, 2011 3:18pm Aug 21, 2011 3:18pm
Just posted 4 new videos on the front page. Enjoy!
  • #98
  • Edited 4:10pm Aug 21, 2011 3:36pm | Edited 4:10pm
Downloading the 4 new ones now.

Thanks Razorman !

Edit: Downloaded first vid "divergence" fine....Wont let me download any others keeps coming up
error free users only allowed 1 download at a time. I have cleared all history cookies etc...closed and reopened
browser still not working. Perhaps you can load onto fileserve as well ?

Download Error

Free users may only download 1 file at a time.
Upgrade to Premium for parallel downloads.
Master your Mind,,,Master the Market
  • #99
  • Aug 21, 2011 4:19pm Aug 21, 2011 4:19pm
will have alternate links soon
  • #100
  • Aug 21, 2011 5:13pm Aug 21, 2011 5:13pm
Quoting Razorman
Hey bluesteele,

I uploaded a divergence tutorial video on the front page. Check it out.

Thanks Razorman the video cleared it up 100%.

Much easier than posting pics back and forth.
Master your Mind,,,Master the Market
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