Range Bar Trading with Nexas | Forex Factory

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Range Bar Trading with Nexas

  • #1
  • First Post: Feb 19, 2012 4:23pm Feb 19, 2012 4:23pm
Hi Everyone,

I started the following thread http://www.forexfactory.com/showthread.php?t=326958 which shows a very simple yet profitable system.

A few people have PM'd me about starting a skype room etc, but at the moment that isn't something I can dedicate time to looking into, so I thought the logical alternative would be here

So in the interest of not clogging up the Trading Systems thread I have started this one which is specifically about actual trades. Any questions about the system should be directed to the thread mentioned above whilst this thread is specifically for those actually trading the setups.

I don't mind what range bars you trade, I will personally be posting my intraday as well as swing trades. I also don't mind if people have there own unique ways of trading range bars as long as this thread remains a thread dedicated to range bar trading!

Let the games begin!

Nexas
  • #2
  • Feb 20, 2012 1:51am Feb 20, 2012 1:51am
US bank holiday today, so I will only look to trade the morning session here in the UK from a day trading perspective.

As far as my medium trades go, I like a short on the EURAUD, and generally long any of the JPY pairs (short the JPY). Just waiting for the opportunities to enter at the moment.
  • #3
  • Feb 20, 2012 2:10am Feb 20, 2012 2:10am
Looks like risk assets have a fair bit of weight on them. I am now looking to sell EURUSD and AUDUSD in the short term.
  • #4
  • Feb 20, 2012 2:26am Feb 20, 2012 2:26am
I have just shorted the AUDUSD.
  • #5
  • Feb 20, 2012 2:30am Feb 20, 2012 2:30am
And I'm out for a small loss...
  • #6
  • Feb 20, 2012 2:54am Feb 20, 2012 2:54am
Just came out of the AUDUSD and EURUSD for the spread... No real momentum in the market, so am going to wait for a real move now before entering anymore.
  • #7
  • Feb 20, 2012 3:16am Feb 20, 2012 3:16am
Now looking to buy the EURUSD on dips
  • #8
  • Feb 20, 2012 4:13am Feb 20, 2012 4:13am
Hi Nexas,

Good to see you back
Just took me out on EUR/USD.
Attached Image (click to enlarge)
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  • #9
  • Feb 20, 2012 5:40am Feb 20, 2012 5:40am
Hi Krisdetrader,

Thanks :-)

Did you get the second attempt? That was a nice run up and put me into profit after my first few losers this morning?

Nexas

Quoting Krisdetrader
Hi Nexas,

Good to see you back
Just took me out on EUR/USD.
Attachment
  • #10
  • Edited 7:20am Feb 20, 2012 6:00am | Edited 7:20am
Hi Nexas,

Unfortunately I didn't.
There is another forming up now...
edit: nah, didn't happen.
  • #11
  • Feb 20, 2012 7:26am Feb 20, 2012 7:26am
Hi Krisdetrader,

Do you mind me asking why you didn't take the second bite at the cherry?

I think I remember you saying you were trading for a living now? Is that right?

Nexas
  • #12
  • Feb 20, 2012 7:28am Feb 20, 2012 7:28am
Guys and Girls,

I am not going to trade this afternoon as I don't fancy trading a US session with no one from across the pond trading :-)

How did everyone do this morning?

Nexas
  • #13
  • Feb 20, 2012 7:43am Feb 20, 2012 7:43am
Quoting Nexas
Guys and Girls,

I am not going to trade this afternoon as I don't fancy trading a US session with no one from across the pond trading :-)

How did everyone do this morning?

Nexas
Hi Nexas...

No trades for me today. I missed that nice pullback earlier on the EU as I was still asleep. Being in the eastern U.S. I often miss the first half of London session.

Another four-bar pullback formed up a short time ago, but didn't get in fast enough and it went to target without me. I only trade 8-pip bars. Maybe if I was on the 4-pip I might have seen it coming sooner.

I'm staying out the rest of the session as well with the banks being closed.

Anyhow, thanks for starting this new thread. After some mindless thread jumping I decided to come back and settle here for a while and will try to focus.:nerd:

I will post as much as possible.

Thanks again Nexas!

--Wally
"Be the change that you wish to see in the world." --Gandhi
  • #14
  • Feb 20, 2012 8:44am Feb 20, 2012 8:44am
Quoting Nexas
Guys and Girls,

I am not going to trade this afternoon as I don't fancy trading a US session with no one from across the pond trading :-)

How did everyone do this morning?

Nexas
Interesting concept this thread. Might be fun. However, I'm heading out of town tomorrow for a few days and won't be trading for a while. Will have access to the internet though.

Only one trade for me today. Probably the same one you referred to earlier. It was the second bite on the EURUSD at around 5:15 EST. Runner was good for 50+ pips (Big Mo kept me in the trade).

Missed an absolute gem of a thrust trade (another of my favorite setups) at 4:00 EST due to sleeping in. Like Nexas, I won't be trading the U.S. session.

Krisdetrader, I did not take the first trade for two reasons. First, it was the first move into the high of the day -- a very strong resistance level. Second, stochastics (settings 3,5,2) on the 8 pip guide chart were grossly out of sync (note the strong downward slope on both %K and %D), but moved in sync (in this case oversold) with the second. While neither one of these demerits might be enough individually to keep me out of the first trade, the combination was.

I should be back in town the middle of next week.

Good luck all.
  • #15
  • Feb 21, 2012 1:47am Feb 21, 2012 1:47am
Quoting scjohn
Interesting concept this thread. Might be fun. However, I'm heading out of town tomorrow for a few days and won't be trading for a while. Will have access to the internet though.

Only one trade for me today. Probably the same one you referred to earlier. It was the second bite on the EURUSD at around 5:15 EST. Runner was good for 50+ pips (Big Mo kept me in the trade).

Missed an absolute gem of a thrust trade (another of my favorite setups) at 4:00 EST due to sleeping in. Like Nexas, I won't be trading the U.S. session.

Krisdetrader,...
Hi Scjohn,

Nice trading. I should really taker a closer look a Big Mo :-)

Yeah hopefully this will be a bit of fun so please do come back when you have finished all of your other stuff.

Nexas
  • #16
  • Feb 21, 2012 1:48am Feb 21, 2012 1:48am
Quoting Nexas
And I'm out for a small loss...
hi, Nexas,
Would you please link your account to FF's trade explorer？ You can hide the account size if you like. Then we will know what price you entered and exited. it's so hard to go through the trades you mentioned here.
  • #17
  • Feb 21, 2012 4:26am Feb 21, 2012 4:26am
What a morning so far... I spent the first two hours running to standstill or move back a bit with 3 losers and 1 winner, then due to the weight I felt was on the Euro, I decide to sell at 60 and road it down to 25 which recouped all the losses and made me a tidy profit on top.

What's the purpose of this post? To show you that you have to be consistent and you must learn to read the markets and more importantly listen to what it is telling you.

Follow the momentum :-)
  • #18
  • Feb 21, 2012 4:26am Feb 21, 2012 4:26am
Quoting bobowang
hi, Nexas,
Would you please link your account to FF's trade explorer？ You can hide the account size if you like. Then we will know what price you entered and exited. it's so hard to go through the trades you mentioned here.
I would love to, but unfortunately I can't since I trade with a spreadbetting company in the UK.

Sorry!
  • #19
  • Edited 5:52am Feb 21, 2012 5:28am | Edited 5:52am
R:R wasn't so good to nearest swing low so I checked the 30M chart and am trying for the next nearest area of support, so we'll see.

Attached Image (click to enlarge)
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EDIT: Reached target, +19 pips.

Nexas, did you take that one, or anybody else?

At the time of the trade the MAs weren't quite lined up yet but just about, close enough. By the way, these are 8-pip bars.
"Be the change that you wish to see in the world." --Gandhi
  • #20
  • Feb 21, 2012 6:40am Feb 21, 2012 6:40am
Quoting Wally1953
R:R wasn't so good to nearest swing low so I checked the 30M chart and am trying for the next nearest area of support, so we'll see.

Attachment

EDIT: Reached target, +19 pips.

Nexas, did you take that one, or anybody else?

At the time of the trade the MAs weren't quite lined up yet but just about, close enough. By the way, these are 8-pip bars.
Nice trade! No I didn't i was away from my screen as I tend to stop trading at around 11am UK time then reconvene after lunch.

Good trade though!
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