Ian can I be a lazy bastard and ask the values you use for Opens and Closes of sessions mentioned. Only relevant if you're with Oanda also - I had a feeling you were but not quite sure.
Cheers!
Nic
Follow, don't anticipate.
Islander and Medici trade the European open
- #4,141
- Apr 17, 2012 4:18am Apr 17, 2012 4:18am
- #4,144
- Edited 4:05am Apr 18, 2012 3:52am | Edited 4:05am
Anyone catch that break out of the little consolidation we had going on EU? I was too slow and reluctant to chase and reenter on little pullback at 3094ish to ride rest to S1.
I hope someone here made some money on that
EDIT - In from 91 on pullback - thought about closing at weekly but held - ready to jump with a handful if doesn't continue.
I hope someone here made some money on that
EDIT - In from 91 on pullback - thought about closing at weekly but held - ready to jump with a handful if doesn't continue.
- #4,145
- Apr 20, 2012 4:32am Apr 20, 2012 4:32am
After the push up post LO price stopped at the 78 level. Subsequent attempts failed to make new highs, we had divergence, and on the third attempt I sold when, again price rejected.
Down at the 50 level we had divergence coming in again and I closed after a hl for +22.
I had an earlier buy which I closed just before news for +4 as seen on Oanda chart.
Down at the 50 level we had divergence coming in again and I closed after a hl for +22.
I had an earlier buy which I closed just before news for +4 as seen on Oanda chart.
Follow, don't anticipate.
- #4,146
- Apr 20, 2012 7:22am Apr 20, 2012 7:22am
- | Joined Sep 2009 | Status: Trader | 1,425 Posts
i should be thankfull to you guys, dont know all by name but Medici for sure. I am using this system now for some time and it seems its working for me. Thanks 
- #4,147
- Apr 20, 2012 5:09pm Apr 20, 2012 5:09pm
- Joined Nov 2008 | Status: Trader | 3,270 Posts
i should be thankfull to you guys, dont know all by name but Medici for sure. I am using this system now for some time and it seems its working for me. Thanks
Please share some charts or thoughts if you feel like it. Credit also goes to Auron and Ian.
Auron has had an instrumental role in developing what is being used here. When I was experimenting with Renko charts, he told me about range bars which he considered superior to Renko charts. I then adapted the way I used to trade M1+M5 to RB5 (after some testing of different ranges) and tried to tweak it towards a tradeable system. Auron was pivotal to the testing efforts, putting in a lot of work in evaluating different setups and parameters settings, and making some very good points.
Ian has independently made a significant contribution showing us how to do it his way with his many insightful and thought-provoking posts.
My sincere thanks to them for their efforts
- #4,150
- Apr 24, 2012 4:20am Apr 24, 2012 4:20am
Might be worth checking you have the T3 MA in your indis folder...
posted here...
http://www.forexfactory.com/showthre...82#post5384882
that wasn't the problem!DOH! Oh yes it was!
Thanks very much, I think I'll have to apply to join NHen's lazy barsteward team
.Regards,
- #4,151
- Apr 24, 2012 1:48pm Apr 24, 2012 1:48pm
- | Joined Sep 2009 | Status: Trader | 1,425 Posts
Glad to hear that it's working for you
Credit also goes to Auron and Ian.
Auron has had an instrumental role in developing what is being used here. When I was experimenting with Renko charts, he told me about range bars which he considered superior to Renko charts. I then adapted the way I used to trade M1+M5 to RB5 (after some testing of different ranges) and tried to tweak it towards a tradeable system. Auron was pivotal to the testing efforts, putting in a lot of work in evaluating...
Hope you guys catched it and made money.
Oh yes, if you want to know, the blue line is the KS 88 (kijun sen) and together with your cloud i use it as my tiggerline on both RB 3 and 5.
- #4,155
- May 10, 2012 1:04pm May 10, 2012 1:04pm
- | Joined Jun 2009 | Status: Patients needed! | 201 Posts
Just started reading Zen In the Markets.. two lines in I knew this was the book for me
Really appreciate the recommendation sir.
.doc.
- #4,156
- May 15, 2012 5:39am May 15, 2012 5:39am
And when you have finished digesting it, might we one day see "NHEN in the markets!!" ? If so, may I have a signed first edition for investment purposes (Ebay)????.
doc.
I'd be looking at medici for that
- #4,158
- Jun 1, 2012 3:14am Jun 1, 2012 3:14am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Hi
Medici,
Ian,
Auron,
other RB champs
I am trying out RB charts on a stock index.
would a long entry be technically sound above the last hammer seen on attached chart after the marked divergence?
please ignore the blue horizontal line at the top. don't remember why i put it there.
thanks.
Auron was last seen on Hawaii, and Ian would be much too sensible, I guess, to even consider such a trade
so here I go...First, the suggested trade is a counter-trend trade. The beauty of the kind of range bar trading pursued here is that entries with the trend become a matter of local predictability, i.e. the good setup can be spotted from consideration of chart patterns and cloud/MAs only.
Good counter-trend trades, however, require more than local considerations - it's is a matter of global/contextual considerations (such as longer-term S/R levels, Bollinger bands on time-based charts, Keltner channels on RB charts, divergences, etc) involving more discretionary judgement than the trend trade requires.
Second, divergence indicators on RB charts are of less use, and I have removed them from my charts. And for your specific trade, it's not really a case of divergence proper, but rather a double bottom in a down-trend. (A proper divergence would require a lower low.) If you study enough RB charts from longer trends you will discover many such double bottoms in down trends that just continued...and continued....
So the conclusion is - pick your counter-trend trades very carefully.
- #4,159
- Edited 5:00am Jun 1, 2012 4:31am | Edited 5:00am
Auron was last seen on Hawaii, and Ian would be much too sensible, I guess, to even consider such a trade
First, the suggested trade is a counter-trend trade. The beauty of the kind of range bar trading pursued here is that entries with the trend become a matter of local predictability, i.e. the good setup can be spotted from consideration of chart patterns and cloud/MAs only.
Good counter-trend trades, however, require more than local considerations - it's is a matter of global/contextual considerations (such...
thanks for the detailed reply.
incidentally, that c/trend trade was of an SR-zone and was taken as a grab and run trade, for a small profit of 20 points to the next SR-zone, on the way to the more substantial trade that would be available after the pullback.
I am attaching the updated chart showing downward trend continuation with some pullbacks along the way.
while i took these trades using time charts, at the same time, keeping an eye on the RB chart, I am not quite clear what exactly my triggers would have been, objectively speaking, had i used an RB chart alone.
would you, therefore, be so kind as to mark for me the short entries which you would have taken in realtime in the move that followed...
thanks again.
