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Nexas's Intraday Range Bar Trading

  • #121
  • Dec 5, 2011 6:14am Dec 5, 2011 6:14am
sorry to hear about your computer woo's..Nexas ..good luck...as far as different pairs go..the Euro/usd.. the 5day ADR is currently @ 167ish..that gives a trader more than ample opportunity..so again as Nexas has said why look at multiple markets..true there may be some slow periods of consolidation but the historical ADR in the Euro..seems to be around 110-120..so there is and IMHO will continue to be good volitility...and if it dries up then I will look to other opportunities..but currently this instrument is horse you can ride,,, 1 key for any trader is to FOCUS...easy to say harder to do..also every market has subtle behaviour characteristics..and when you focus the trader is more apt to pick up on those
  • #122
  • Dec 5, 2011 9:11am Dec 5, 2011 9:11am
nice buy @ 9:25:51amEST..tline break buy..33t winner 29 on runner 4 on 1st contract....covered when I saw red candle
  • #123
  • Edited 9:24am Dec 5, 2011 9:14am | Edited 9:24am
What a great day...took a long trade on EU for +23 pips...
Initial risk was 11 pips.

I am done for today as I have to go to the dentist now...

PS: There was a nicer pullback on the 4rg that kipr took a few candles later...but I was already in the trade ;-)
Attached Image (click to enlarge)
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  • #124
  • Dec 5, 2011 9:24am Dec 5, 2011 9:24am
Nice work Olarion...you drilled the market and now you get to be drilled by the dentist..there is symmetry in that somehow..lol
  • #125
  • Dec 5, 2011 9:26am Dec 5, 2011 9:26am
Quoting kipr
nice buy @ 9:25:51amEST..tline break buy..33t winner 29 on runner 4 on 1st contract....covered when I saw red candle
Congrats, kipr! You took the "nicer" trade...;-)

I`m off to the dentist...
  • #126
  • Dec 5, 2011 10:39am Dec 5, 2011 10:39am
Look at you guys rubbing salt in my already open wounds

Well done guys its nice to see you are stealing those pips!
  • #127
  • Dec 5, 2011 10:47am Dec 5, 2011 10:47am
Nexas..curiosity got the cat...I have to ask ,with all the myriad of moving average combinations ..ie..wma..ema..hma..sma..smma..etc. ad naseum....20x50..3x8..100x200..etc etc..why did you settle on the combination of 20ema.60ema..and 100ema..as the combination? thanks
  • #128
  • Dec 5, 2011 10:50am Dec 5, 2011 10:50am
Hehe... to be honest, there isn't anything magic behind it, they just seem to work. The 20 was because I reade Pitbull by my hero Marty Schwartz and he uses a 10... but then 10 was little two close so I doubled it. The 60 was from something I read as well but don't recall the source and the 100 just seems to be a bit of an industry standard. I knew what I wanted and that combination worked... but then I would imagine most similar combinations would work just the same...

I hope you are not dissapointed by my rather arbitrary reasoning...
  • #129
  • Dec 5, 2011 11:36am Dec 5, 2011 11:36am
Quoting kipr
Nice work Olarion...you drilled the market and now you get to be drilled by the dentist..there is symmetry in that somehow..lol

You were dead right, man...got a nice root canal treatment and 3 further appointments...

I really prefer drilling the market rather than getting drilled...

So far a profitable week for me...made +3% on my (small) live account today. See you guys tomorrow at london open.

@Nexas: do you really trade 3 hours of the london session?? That's middle in the night for you, isn't it?
  • #130
  • Dec 5, 2011 11:56am Dec 5, 2011 11:56am
Hi everyone, I've been a lurker here from 2008 but decided to register because of your use of range bars. I have been studying a method that utilizes range bars for some time now. I am beginning to trade live and will be trying to trade 1-3 nights a week for the first three hours of the London open. I live in CST and work full time so we shall see...

The reason I like what Nexus has laid out here is that it is simply (and correct me if I'm wrong) buying / selling pullbacks on a trend. The methodology I have been studying uses different EMAs: the 21, 55, and 89. But as Nexus has said, these are largely arbitrary.

It really does suprise me how few traders use CRBs in their trading. I will be posting charts as I develop my own method but I wanted Nexus and the posters in here to know that there are lurkers actively following this thread. You all have been most helpful and generous with your time and for that I thank you!
  • #131
  • Dec 5, 2011 12:20pm Dec 5, 2011 12:20pm
Quoting No Agenda
Hi everyone, I've been a lurker here from 2008 but decided to register because of your use of range bars. I have been studying a method that utilizes range bars for some time now. I am beginning to trade live and will be trying to trade 1-3 nights a week for the first three hours of the London open. I live in CST and work full time so we shall see...

The reason I like what Nexus has laid out here is that it is simply (and correct me if I'm wrong) buying / selling pullbacks on a trend. The methodology I have been studying uses different EMAs:...
First of all Welcome that you`re here . You can post here that stuff which really provide us more knowledge surely every one plus nexas appriciate that I`m also new trader
  • #132
  • Dec 5, 2011 12:31pm Dec 5, 2011 12:31pm
Nexas...appreciate your honest answer..often things are discovered by some trial and error..hunting and pecking or whatever you want to call it...there does seem to be a good ratio of the 3ema's..but you now how "mental midgets" work..I am always trying to tweek things..or find out the "why' behind it it..but have been reminded on several occassions 'it doesnt matter' how things work ..just as long as they work..lol.....I have also learned that it doesnt matter what combo you use just as long as the combo is consistent....if ya throw spaghetti,against a wall, with the same velocity and amount of Spaghetti..you should see a similar amount sticking to the wall..each time you throw the stuff..:-0
  • #133
  • Dec 5, 2011 1:45pm Dec 5, 2011 1:45pm
okay traders every once in a while you put a trade on and you hit a Home Run...we had a 4rg sell@13:41:06pmEST ..4 bar "straight line pullback....and boom S/P rating agency put Ger,Fr.Neth..Lux..Aus..on "negative credit" watch downgrade..@ 13:42 ..and within 1/2 hr we had a 70+tick/pip drop..we had 3 'qualified pback sells in that cycle..I had a huge winner ..and managed it as best as possible..you will never squeeze every tick out of a trade..but I got a good portion of it..the point of this post being..you never know if you are going to hit a single..or a home run..but all the ingredients to a good probability trade was there..
  • #134
  • Dec 5, 2011 1:56pm Dec 5, 2011 1:56pm
it appears to have performed very good today

given solid early longs on the way up

and an early entry(according to one person) on the S&P news spike.

a system is good provided it can give reasonably early entries since we are intraday trader

impossible for me to stay up though, as im in asia
  • #135
  • Dec 5, 2011 4:48pm Dec 5, 2011 4:48pm
Quoting Olarion1975
What a great day...took a long trade on EU for +23 pips...
Initial risk was 11 pips.

I am done for today as I have to go to the dentist now...

PS: There was a nicer pullback on the 4rg that kipr took a few candles later...but I was already in the trade ;-)
hi olarion. please let me know how to do the range bar for mt4, struggling to do it
  • #136
  • Dec 5, 2011 11:47pm Dec 5, 2011 11:47pm
seems to have performed very well again. heres the screenshot of 4 range. seemed like i got it okay? of course i have to add the MAs, but have a look

the chart looks very clean compared to the m1 m5 charts which are junky. no wonder i cant trade proper with those charts. but not to say it is holy grail, money management, S&R always hold firm, but thats a valid short at key resistance and it turned out home run trade.

GBPUSD

http://www.forexfactory.com/%3Ca%20h...F_4EDD9D03.jpghttp://www.uploadgeek.com/thumb-505F_4EDD9D03.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: homerungbpusd.gif Size: 26 KB
  • #137
  • Dec 6, 2011 3:02am Dec 6, 2011 3:02am
hi there was a big move just then. can we take longs from under the EMAS nexas. if so it would've resulted ina a huge profit just then
  • #138
  • Dec 6, 2011 5:38am Dec 6, 2011 5:38am
Halba..you can take a trade anytime you want for any reason..but Nexas's approach is with the trend meaning all the ema's have be "stacked" in either direction...meaning if the 20 is above the 60 and the 60 is above the 100..then look to take buys....Price can pback below the ma's but the ema's should not "cross"..read the 1st page in this thread again..and then read it again....Nexas is only showing the Euro/USD
  • #139
  • Dec 6, 2011 5:48am Dec 6, 2011 5:48am
Hi All,

Kipr is correct, the EMA's have to be lined up as this gives us the permission to trade so to speak. It keeps us with the trend and out of the chop for the most part. Also I do only trade the EURUSD from an FX perspective although I am sure it will also work on others.

Nexas
  • #140
  • Dec 6, 2011 5:49am Dec 6, 2011 5:49am
Its been a pretty fruitful day today!!! How did everyone else do?
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