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Nexas's Intraday Range Bar Trading

  • #281
  • Jan 4, 2012 9:03pm Jan 4, 2012 9:03pm
Kipr,

I was wondering about your entry method you posted. I can't figure out how you use the %R along with a trend line break. It seems that once the trendline breaks on a higher time frame you will no longer be ob/os on the %R. Do enter differently than how I am understanding it?

btw, Georgia is nice. Spent some time in Athens.

Thanks
  • #282
  • Jan 4, 2012 9:10pm Jan 4, 2012 9:10pm
Quoting GrandeACM
I folloved this thread for quite a long time and I must thanks every one that contributed so far in Intraday Range Bar Trading thread.
It realy helps me in my first setup of daily trade this year.

In the attachmet is my Trade Of The Day
GrandeACM..,

No offense, but i think what you are showing as 124 pips is 12.4 pips in real counting terms.., coz my chart did not show 124 pip movement....
  • #283
  • Jan 5, 2012 12:54am Jan 5, 2012 12:54am
Quoting paapi
GrandeACM..,

No offense, but i think what you are showing as 124 pips is 12.4 pips in real counting terms.., coz my chart did not show 124 pip movement....
It is true and corect movement of real counting terms for my yesterday "Trade Of The Day". I have my trade account with 5 digit broker and the trade vas actually big for 124 pips, belive it or not.

I get IN position with SELL EUR/USD at quote 1.3043(0) at time 11:09 CET and
I get OUT of position with BUY EUR/USD at quote 1.2919(0) at time 17:12 CET

You can check those quotes and times on any chart, but I thing you must adjust the clock for jour time in India, which is about 5 or 6 hours difference to our Centrac European Time (CET) zone.
Good trading luck to all of us
  • #284
  • Jan 5, 2012 4:57am Jan 5, 2012 4:57am
Hi All,

Nice morning in the markets this morning. I hope you guys managed to jump on board with some of the moves.

I have had to alter my instruments slightly to take advantage of the 0 spreads that I get with my platform as they decided to add and remove instruments. Not happy about that as they removed the Dax which I was really enjoying trading.

Perhaps I will have to go back to IB or someone similar to trade the Dax although it is quite a big contract to hold in the futures.

So anyway of course the EURUSD is still there but I am now more active with the AUDUSD and FTSE100 with the S&P in the background.

Nexas
  • #285
  • Jan 5, 2012 4:58am Jan 5, 2012 4:58am
GrandeACM,

Our relationship could get off to a really bad start if you beat us in the Champions League :-)

Nexas
  • #286
  • Jan 5, 2012 6:38am Jan 5, 2012 6:38am
Quoting Nexas
GrandeACM,

Our relationship could get off to a really bad start if you beat us in the Champions League :-)

Nexas
I hope that both of us will have success in Range Bar Trading and may the best (AC) win in Champs' League

p.s. AC could stand for Arsenal Club or even better AC Milan
Good trading luck to all of us
  • #287
  • Jan 5, 2012 9:59am Jan 5, 2012 9:59am
Haha me too.

I would believe you about AC but then I look at your Avatar :-)

I think you will win though!
  • #288
  • Jan 5, 2012 12:37pm Jan 5, 2012 12:37pm
Inserted Video
  • #289
  • Jan 5, 2012 2:54pm Jan 5, 2012 2:54pm
hi nexas. id look at Xauusd and crude oil instead of the indices. some of the instruments fell too quick and didnt consolidate enough to use this method today. maybe thats just me but i prefer retracement.

thanks for your video. ill keep working at it.
  • #290
  • Jan 5, 2012 3:36pm Jan 5, 2012 3:36pm
Quoting Nexas
http://www.youtube.com/watch?v=ZC3lKnSE9PA
Hi Nexas, great video, very well explained!
Have saved it and will shortly watch it again.

Had 2 trades today, 2 winners (on the 4 range). Will try to apply your new rule of trading into the direction of the 8 range only, starting tomorrow.

Wish you many pips and a nice evening.
  • #291
  • Jan 5, 2012 4:11pm Jan 5, 2012 4:11pm
usually after a large trend it ranges(most of the time). this is my own observation. if it continued to trend one direction, it would be worth nothing after a while. also big players like to keep it ranging for a bit.

this method will keep out in ranging market due to the M/As. it is better to use other strategies in a ranging market e.g. counter trend with this method, just ignore M/As and use traditional stop loss incase it trends.
  • #292
  • Jan 5, 2012 4:26pm Jan 5, 2012 4:26pm
Quoting Olarion1975
Hi Nexas, great video, very well explained!
Have saved it and will shortly watch it again.

Had 2 trades today, 2 winners (on the 4 range). Will try to apply your new rule of trading into the direction of the 8 range only, starting tomorrow.

Wish you many pips and a nice evening.
Hey Olarion,

Thanks :-)

The 8 range thing is a personal choice, so please only use my updated rules if they make sense to you to. As I said the 4 range is still more than profitable, but I am just trying to improve on the strike rate.

Nexas
  • #293
  • Jan 5, 2012 4:28pm Jan 5, 2012 4:28pm
Quoting Halba
hi nexas. id look at Xauusd and crude oil instead of the indices. some of the instruments fell too quick and didnt consolidate enough to use this method today. maybe thats just me but i prefer retracement.

thanks for your video. ill keep working at it.

Hi Halba,

Thanks for the heads up. The instruments I am trading are driven not only by the market movement but also by the cost of trading. With my platform I get zero spreads on what I am trading which makes things a little easier.

Nexas
  • #294
  • Jan 5, 2012 4:43pm Jan 5, 2012 4:43pm
Quoting Halba
usually after a large trend it ranges(most of the time). this is my own observation. if it continued to trend one direction, it would be worth nothing after a while. also big players like to keep it ranging for a bit.

this method will keep out in ranging market due to the M/As. it is better to use other strategies in a ranging market e.g. counter trend with this method, just ignore M/As and use traditional stop loss incase it trends.

Hi Halba,

Its a fair point but you don't really need to have a ranging strategy as well. You just need to get good at one approach and you will be able to make money. Especially on such a short term chart. You just need to learn how to limit your losses during the ranging markets.

Does that make sense?

Nexas
  • #295
  • Jan 5, 2012 5:15pm Jan 5, 2012 5:15pm
Quoting Nexas
Hi Halba,

Its a fair point but you don't really need to have a ranging strategy as well. You just need to get good at one approach and you will be able to make money. Especially on such a short term chart. You just need to learn how to limit your losses during the ranging markets.

Does that make sense?

Nexas
or just allow the M/As, other things to keep you out, and just retake setups when it trends
  • #296
  • Jan 5, 2012 9:16pm Jan 5, 2012 9:16pm
Hi Nexas
Just wanted to say thanks for the video. I hope it helps you improve your trading as much as I think it will help alot of other people. You're doing really good and I only hope to get to the level you're at now at some point in the near future. I really believe you only need one good setup and as long as you have enough opportunity to apply it, you can make some good money. Thanks again.
Mark
  • #297
  • Edited Jan 6, 2012 1:18am Jan 5, 2012 10:25pm | Edited Jan 6, 2012 1:18am
Quoting markd85
Hi Nexas
Just wanted to say thanks for the video. I hope it helps you improve your trading as much as I think it will help alot of other people. You're doing really good and I only hope to get to the level you're at now at some point in the near future. I really believe you only need one good setup and as long as you have enough opportunity to apply it, you can make some good money. Thanks again.
Mark
i agree, trade the setup, but avoid the junk! always in the market, it feeds u with junk setups also , and they can be filtered, some of them wont.

really good video nexas. goes to show its not requiring einstein brains. its one of the best videos on youtube on forex, because its so clear. just go with trend, and take the SL's, even creator of this method gets a few. TP - you can get better TP if u use multiple lot entries and let some ride at BE SL.
  • #298
  • Jan 6, 2012 11:31am Jan 6, 2012 11:31am
Another good day trading! Overall a very positive start to the New Year. The NFP provided some really nice movements. I hope you all managed to grab some!
  • #299
  • Jan 6, 2012 11:43am Jan 6, 2012 11:43am
Inserted Video
  • #300
  • Edited 4:18pm Jan 6, 2012 3:01pm | Edited 4:18pm
couldnt get anything during my time zone nexas(sydney) as market did not trend until late european session, and in american session it dropped heaps.

anyway good video. i notice you are an aggressive trader and i think tightish stops might work for your 'scalping' type strategy.

some clear winners there.
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