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RANGE Breaker Method

  • #361
  • Sep 5, 2011 9:01am Sep 5, 2011 9:01am
I just wanted to get an idea of how liquid that stock is. with this method you want only very liquid instruments.

Quoting Adilius07
I don't know Razorman, I don't watch volume, as it is anyway SUPER liquid, compared to the stocks I trade here on the local market

I watch only those traded on the major US Exchanges, so the volume is automatically enough. And those things like VSA I don't believe anymore after studying it for some time...
  • #362
  • Sep 5, 2011 9:44am Sep 5, 2011 9:44am
I did not take this as the US is closed today. But still very nice formation.
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  • #363
  • Sep 5, 2011 10:35am Sep 5, 2011 10:35am
I took that trade Razorman, all the way up to 4100
  • #364
  • Sep 5, 2011 10:39am Sep 5, 2011 10:39am
Good JOB!
  • #365
  • Sep 5, 2011 10:41am Sep 5, 2011 10:41am
I will be posting a lot more other setups on different pairs and time frames on my blog. So check it regularly.
  • #366
  • Sep 5, 2011 2:19pm Sep 5, 2011 2:19pm
Quoting Razorman
I did not take this as the US is closed today. But still very nice formation.
I took the trade, took my pips .. then it shot up another 30 pips lol. Hindsight as always makes me think I should have held out a bit but I am always cautious in trading ..

Bit of a terrible day though, having been cautious I then took a duff trade meaning to buy the EURUSD but accidentally the EURJPY instead .. there goes todays profits oops

I hope you're working on a new video, it's been a quiet weekend!
  • #367
  • Sep 5, 2011 3:10pm Sep 5, 2011 3:10pm
Quoting Razorman
I will be posting a lot more other setups on different pairs and time frames on my blog. So check it regularly.
That baby goes into my bookmarks right away

I attached the only trade I took today.
Not a perfect setup but it was in the direction of the trend and there was a pinbar in M15 and H1, and the EURO was going down big time so I still think it was pretty safe.

I hope you all had a great Labor Day beyond the great water!
Attached Image
  • #368
  • Sep 5, 2011 4:10pm Sep 5, 2011 4:10pm
LOL Things are always clear in hindsight.

Quoting AlanB
I took the trade, took my pips .. then it shot up another 30 pips lol. Hindsight as always makes me think I should have held out a bit but I am always cautious in trading ..

Bit of a terrible day though, having been cautious I then took a duff trade meaning to buy the EURUSD but accidentally the EURJPY instead .. there goes todays profits oops

I hope you're working on a new video, it's been a quiet weekend!
  • #369
  • Sep 5, 2011 7:54pm Sep 5, 2011 7:54pm
I personally would not take that trade.

Quoting Giansar
That baby goes into my bookmarks right away

I attached the only trade I took today.
Not a perfect setup but it was in the direction of the trend and there was a pinbar in M15 and H1, and the EURO was going down big time so I still think it was pretty safe.

I hope you all had a great Labor Day beyond the great water!
  • #370
  • Sep 6, 2011 11:03am Sep 6, 2011 11:03am
Took this retrace off support after getting divergence around 15:30-16:00 as shown .. seemed quite good to me, watched it build up to a retrace on the 15minute, took entry based on 1minute, exited on 5minute when it reached the previous resistance .. turns out I could have had an extra 25-30pips out of it. Ah well. I'm beginning to see when I have the set up forming on a higher TF but take entry off the lower TF (giving complete confirmation), I could hold on to them longer .. I just don't like risking my TP for greed as I am never sure just how higher it will or wont go!
Attached Image (click to enlarge)
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  • #371
  • Sep 6, 2011 11:11am Sep 6, 2011 11:11am
I saw that one but did not like the bar formation too much. It had nice space between the lows and all that. Decided against it.

Quoting AlanB
Took this retrace off support after getting divergence around 15:30-16:00 as shown .. seemed quite good to me, watched it build up to a retrace on the 15minute, took entry based on 1minute, exited on 5minute when it reached the previous resistance .. turns out I could have had an extra 25-30pips out of it. Ah well. I'm beginning to see when I have the set up forming on a higher TF but take entry off the lower TF (giving complete confirmation), I could hold on to them longer .. I just don't like risking my TP for greed as I am never sure just how...
  • #372
  • Sep 6, 2011 1:13pm Sep 6, 2011 1:13pm
I managed to spot one on NZDUSD today on M30.
It was quite nice if I say so myself
The second one was a loser on USDCHF - I managed to pinpoint the moment when the sh*t hit the fan. I even suffered some slippage on the SL on that one.
I took yet another one on GU but I bent the rules in that one so I am not going to post it.
Overall there was quite a racket today on the charts, wasn't there? Who'd have thought the Swiss had WMDs?
Attached Images
  • #373
  • Sep 6, 2011 1:22pm Sep 6, 2011 1:22pm
The usd/chf did not have a good bar formation from what I see.

Quoting Giansar
I managed to spot one on NZDUSD today on M30.
It was quite nice if I say so myself
The second one was a loser on USDCHF - I managed to pinpoint the moment when the sh*t hit the fan. I even suffered some slippage on the SL on that one.
I took yet another one on GU but I bent the rules in that one so I am not going to post it.
Overall there was quite a racket today on the charts, wasn't there? Who'd have thought the Swiss had WMDs?
  • #374
  • Sep 6, 2011 1:29pm Sep 6, 2011 1:29pm
Quoting Razorman
The usd/chf did not have a good bar formation from what I see.
I placed my order below the red candle that went down from the second swing-high. I seemed to me it engulfed the previous blue bar.
  • #375
  • Sep 6, 2011 1:38pm Sep 6, 2011 1:38pm
That is not a bearish engulfing bar. An engulfing bar is where the high and low of the bar exceed the high and low of the previous bar.

Quoting Giansar
I placed my order below the red candle that went down from the second swing-high. I seemed to me it engulfed the previous blue bar.
  • #376
  • Sep 6, 2011 1:42pm Sep 6, 2011 1:42pm
I have taken the GBP/JPY, SL at BE, let's see.
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  • #377
  • Sep 6, 2011 1:56pm Sep 6, 2011 1:56pm
Quoting Razorman
That is not a bearish engulfing bar. An engulfing bar is where the high and low of the bar exceed the high and low of the previous bar.
Ok. Thank you for explanation! Will make sure to look more carefully in the future.
  • #378
  • Sep 6, 2011 2:11pm Sep 6, 2011 2:11pm
I posted that one on the blog. Seems you got in off the 30 minute chart.

Quoting katman
I have taken the GBP/JPY, SL at BE, let's see.
  • #379
  • Sep 6, 2011 2:41pm Sep 6, 2011 2:41pm
Quoting Razorman
I posted that one on the blog. Seems you got in off the 30 minute chart.
Yes, good stuff on your blog

The entry looks good, do you have any suggestions where to take profit ?
  • #380
  • Sep 6, 2011 2:56pm Sep 6, 2011 2:56pm
See if she gets to 124.50 obviously 124.80 would be perfect.

Quoting katman
Yes, good stuff on your blog

The entry looks good, do you have any suggestions where to take profit ?
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