Attachments: RANGE Breaker Method

RANGE Breaker Method

#181
Aug 25, 2011 10:11am Aug 25, 2011 10:11am

trippenlatin
| Joined Aug 2011 | Status: Trader | 27 Posts

This was my last trade for the day...i actually sold the double top on the 89 but here is the divergence it created on the 1 min...either way it was a winner...what i like about this method is that even with my impulse trading there are plenty of signals to take and make up for my stupid stuff...and i dont think i drew the divergence right either

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#182
Aug 25, 2011 10:13am Aug 25, 2011 10:13am

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

I took that one too for 20 ticks. Oil is very jumpy instrument.

#183
Edited 12:24pm Aug 25, 2011 12:14pm | Edited 12:24pm

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

The 4hr has now closed. We have a nice bar. Now lets see if it breaks down.This is the perfect example of the thought process behind the multiple time frame analysis methodology.

1. We entered on the 1hr setup.

2. We got stop to break even after we broke down about a 1:1 RR

3. We saw potential for bigger move on higher time frame.

4. We wait for close on higher time frame to confirm.

5. We got close on 4hr time frame.

6. Now we wait to see if we get a bigger move.

Quoting Razorman

Disliked

We have a multi time frame trade developing right now. If this closes and forms a 4h bearish engulfing there is a possibility that we might see a big down move today or friday. Watch this one closely.

Ignored

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#184
Aug 25, 2011 12:19pm Aug 25, 2011 12:19pm

vijidas
| Joined Aug 2010 | Status: Trader | 131 Posts

what pair is that? I can't see what pair it is. Is it EJ? I have a big doji bar on 4h on fxpro feed. Same on FXDD as well.

Quoting Razorman

Disliked

The 4hr has now closed. We have a nice bar. Now lets see if it breaks down.This is the perfect example of the thought process behind the multiple time frame analysis methodology.

1. We entered on the 1hr setup.

2. We got stop to break even after we broke down about a 1:1 RR

3. We say potential for bigger move on higher time frame.

4. We wait for close on higher time frame to confirm.

5. We got close on 4hr time frame.

6. Now we wait to see if we get a bigger move.

Ignored

#185
Aug 25, 2011 12:24pm Aug 25, 2011 12:24pm

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

This is the mini DOW

#186
Aug 25, 2011 5:11pm Aug 25, 2011 5:11pm

robby2007
| Joined Dec 2007 | Status: Trader | 245 Posts

Hello buddy, i wanted to double check if this trade is well taken, i know it isn't the right time to trade but just trying to practice, i use a similar method

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#187
Aug 25, 2011 5:21pm Aug 25, 2011 5:21pm

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

The shape of the swing and the divergence is nice but the bar is not so good. You want better bar formation. Longer wick or bigger bar that engulf the previous one completely.

But i see you get the idea.

Quoting robby2007

Disliked

Hello buddy, i wanted to double check if this trade is well taken, i know it isn't the right time to trade but just trying to practice, i use a similar method

Ignored

#188
Aug 25, 2011 10:07pm Aug 25, 2011 10:07pm

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

Just posted 2 new videos. First one is on correlations between the euro oil an dow markets. I also expanded on the dow trade I posted about today. A little bit of in depth analysis.

Second is the daily recap.

Enjoy!

#189
Aug 26, 2011 5:00am Aug 26, 2011 5:00am

PixeLM
| Joined Aug 2011 | Status: Trader | 357 Posts

Hi Razorman, being your range breaker method, do you trade this method when currency is in a strong trend?

#190
Aug 26, 2011 5:49am Aug 26, 2011 5:49am

Giansar
| Joined May 2011 | Status: Trader | 142 Posts

Thanks for the new vids Razorman! I'm looking forward to viewing them tonight.

Quoting PixeLM

Disliked

Hi Razorman, being your range breaker method, do you trade this method when currency is in a strong trend?

Ignored

Watch the videos. They explain, which market to trade and which to avoid.

#191
Aug 26, 2011 5:59am Aug 26, 2011 5:59am

Arctic4x
| Joined Sep 2006 | Status: Trader | 213 Posts

Hi Razorman.

Thanks again for sharing your system and giving of your time to make the videofiles.
For me videos are the best way to learn and i sure am learning from your videos.

In your last two links one of them seems to be wrong.
The "Correlataions Dow/Euro/OIL" link is the same as "Aug 24/2011 Daily Review" so it was already posted before.
No problem but i just wanted to tell you.

Arctic4x

#192
Aug 26, 2011 6:08am Aug 26, 2011 6:08am

Giansar
| Joined May 2011 | Status: Trader | 142 Posts

Just take took this one on GBPUSD 30M.
I haven't got time unfortunately to monitor lower TFs.
I actually didn't wait for TP. I closed manually at +15 pips (was afraid of a bounce off the trendline.
I hope my trade was in accordance withe the rules.

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#193
Aug 26, 2011 6:41am Aug 26, 2011 6:41am

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

hey Giansar. That is a very nice trade. Good job.

#194
Aug 26, 2011 6:44am Aug 26, 2011 6:44am

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

I fixed the link. Thanks for the heads up.

Quoting Arctic4x

Disliked

Hi Razorman.

Thanks again for sharing your system and giving of your time to make the videofiles.
For me videos are the best way to learn and i sure am learning from your videos.

In your last two links one of them seems to be wrong.
The "Correlataions Dow/Euro/OIL" link is the same as "Aug 24/2011 Daily Review" so it was already posted before.
No problem but i just wanted to tell you.

Arctic4x

Ignored

#195
Aug 26, 2011 6:46am Aug 26, 2011 6:46am

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

Usually no, but if price is up against a prior price pivot and if the setup is on 5 or 15 chart then sometimes i will go against the trend.

Quoting PixeLM

Disliked

Hi Razorman, being your range breaker method, do you trade this method when currency is in a strong trend?

Ignored

#196
Aug 26, 2011 7:51am Aug 26, 2011 7:51am

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

Anyone watching the dow? Looks like the 4h is starting to break down.

Quoting Razorman

Disliked

The 4hr has now closed. We have a nice bar. Now lets see if it breaks down.This is the perfect example of the thought process behind the multiple time frame analysis methodology.

1. We entered on the 1hr setup.

2. We got stop to break even after we broke down about a 1:1 RR

3. We saw potential for bigger move on higher time frame.

4. We wait for close on higher time frame to confirm.

5. We got close on 4hr time frame.

6. Now we wait to see if we get a bigger move.

Ignored

#197
Aug 26, 2011 8:15am Aug 26, 2011 8:15am

Razorman
| Commercial User | Joined Apr 2007 | 794 Posts

Here are some of the screens of the dow trade. Now would be a good time to take profit if one was in this trade from yesterday. We waited for the 4h to break and it gave an extra 70 points. A great example of the application of the multi time frame method.

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