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  • #15,681
  • Oct 30, 2012 2:40am Oct 30, 2012 2:40am
Quoting T@rantula
what happened mate, which trades did u take?
Just trying scalp EU
  • #15,682
  • Oct 30, 2012 3:16am Oct 30, 2012 3:16am
Quoting T@rantula
Today we may be exposed to some bullish action.

I will look to buy on dips targeting 2960-2980
Done. Target price reached. Only a break of 3163 targets 3180. ATR full.
  • #15,683
  • Oct 30, 2012 3:46am Oct 30, 2012 3:46am
Also called support and resistance

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  • #15,684
  • Oct 30, 2012 3:54am Oct 30, 2012 3:54am
your SL was below the H1 box? you said you enter on M1: could you show your entry/SL points

Thanks
Ati

Quoting T@rantula
Also called support and resistance

Attachment
Money is important, Love is essential.
  • #15,685
  • Oct 30, 2012 4:16am Oct 30, 2012 4:16am
Quoting Ati Baia
your SL was below the H1 box? you said you enter on M1: could you show your entry/SL points

Thanks
Ati
Counter Scalps are done on m1, while intraday swing trades or swing scalps are done on range bar charts. I have not done any conter scalp today as I have made money on intraday swing scalp trade, but I have provided Counter scalp trade setup.

This is my 3 pip range bar chart. I have taken the trade on the institutional account that doesnt use mt4 platform, but I do my charts on mt4.

So I have exploited a swing scalp trade of 20 pips in the main intraday direction.
I looked to buy the dip and the dip has been bought on the 2nd upward swing.

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  • #15,686
  • Oct 30, 2012 4:24am Oct 30, 2012 4:24am
this is my12 th trade to nite.. am back to break even.. 5 mi chart Dragon.. green lines below are pivot lines.. long at 60
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  • #15,687
  • Oct 30, 2012 4:26am Oct 30, 2012 4:26am
Thanks T@rantula.
I use Oanda and Mt4 for charting.

Never used range bars myself.
this are offline charts aren't they, do they work well on Mt4?
Any specific reason for only 3 pips range bars ?
In your opinion what is the advantage using range bars over Candle Sticks?



Thanks


Quoting T@rantula
Counter Scalps are done on m1, while intraday swing trades or swing scalps are done on range bar charts. I have not done any conter scalp today as I have made money on intraday swing scalp trade, but I have provided Counter scalp trade setup.

This is my 3 pip range bar chart. I have taken the trade on the institutional account that doesnt use mt4 platform, but I do my charts on mt4.

So I have exploited a swing scalp trade of 20 pips in the main intraday direction.
I looked to buy the dip and the dip has been bought on the 2nd upward swing.

Attachment ...
Money is important, Love is essential.
  • #15,688
  • Oct 30, 2012 5:01am Oct 30, 2012 5:01am
Quoting danc
this is my12 th trade to nite.. am back to break even.. 5 mi chart Dragon.. green lines below are pivot lines.. long at 60
Take care mate, dragon can be a real pain in the a..
  • #15,689
  • Oct 30, 2012 5:04am Oct 30, 2012 5:04am
Quoting Ati Baia
Thanks T@rantula.
I use Oanda and Mt4 for charting.

Never used range bars myself.
this are offline charts aren't they, do they work well on Mt4?
Any specific reason for only 3 pips range bars ?
In your opinion what is the advantage using range bars over Candle Sticks?



Thanks
Range bars are offline charts and I have developed a personal strategy in trading range bar charts. They work perfectly well on MT4 using a script file. The advantage of RB vs Candles is that range bars completely negate whipsaw zones and time factor. It removes the noise created from candlestick charts and provide an excellent way to trade the actual price.
  • #15,690
  • Edited 6:21am Oct 30, 2012 5:13am | Edited 6:21am
Thanks - I'm interested because of the time factor in normal charts....

I searched your thread for "range bar" and not too much is showing up.

*) anyway: to you still use one of this scripts:

Quoting T@rantula
I have been using Range Bar charts last 6 months, they are just excellent.
Been comparing it to Renko...it serves me better.


I have been using a script for range bar charts. Put it in experts folder, place on m1 chart, enter range bar value and chart number( for example EU timeframe 2). Then open offline chart with that number ( EU 2)
Quoting Dr.Scalpall
find attached a rangebar and rangebartime indicator that I have been using for a while now. rangebar time is a usefull traffic light approach in determining past and present market momentum.

*) would you care to share a bit more about your rangebar trading ideas .. if not I also understand

Thanks
Ati

Quoting T@rantula
Range bars are offline charts and I have developed a personal strategy in trading range bar charts. They work perfectly well on MT4 using a script file. The advantage of RB vs Candles is that range bars completely negate whipsaw zones and time factor. It removes the noise created from candlestick charts and provide an excellent way to trade the actual price.
Money is important, Love is essential.
  • #15,691
  • Oct 30, 2012 2:04pm Oct 30, 2012 2:04pm
Quoting danc
this is my12 th trade to nite.. am back to break even.. 5 mi chart Dragon.. green lines below are pivot lines.. long at 60
just closedthis morn Aussie tyme.. 30+
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  • #15,692
  • Edited 12:32am Oct 31, 2012 12:04am | Edited 12:32am
Did you all know this crazy news - October 23-30, 1987 [Fri-Fri]: Shortened hours following stock crash and record-breaking volume - 2:00 pm close.

one more - That rebound of price action from 2892 was historical and if history repeats for true - then from here with out making any new low from the last move - 2885 - if price action reaches new high - above 1.32 - that should be great . point is - 2011 jan open was 2892 and as we all know we are in this crucial period of last week of oct - the period where most of the historic moves happened and of course will happen in the future also
P - ]price action opened around 1.2892 and never looked back until it reached the highs of 1.49..

Edit - price around 294.. can offer some support required for a bounce .
finding A M S
  • #15,693
  • Oct 31, 2012 12:58am Oct 31, 2012 12:58am
Quoting prashant7

Edit - price around 294.. can offer some support required for a bounce .
Good morning all,

This was the excellent level to bounce. Still again it buy the dips mode.

ITs an uptrend and its targeting 3035.

Sell zones for counter scalps are 3005-3010 and 3030.
  • #15,694
  • Oct 31, 2012 1:59am Oct 31, 2012 1:59am
Quoting T@rantula
Good morning all,

This was the excellent level to bounce. Still again it buy the dips mode.

ITs an uptrend and its targeting 3035.

Sell zones for counter scalps are 3005-3010 and 3030.
3005-2990, you saw it...free pips on SPider's Den
  • #15,695
  • Oct 31, 2012 3:49am Oct 31, 2012 3:49am
3030 area for another counter trade scalp short 15 point stop. Cable 6140-50 area with stops at 6164
  • #15,696
  • Oct 31, 2012 5:23am Oct 31, 2012 5:23am
cable and fiber respectively

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Counter trend zones
  • #15,697
  • Nov 1, 2012 1:00am Nov 1, 2012 1:00am
Good morning,

Today early morning we should watch for 2920-30 levels. That breakout to the downside in US session yesterday could have been a fake out just to take out some stops. As ADP is today and NFP tomorrow, we could see 3020 again as we are in buy zone. Shorting will be preferred if EU break and retests 2875.

I would go with longs around 2925 2930 with 20 point stop targeting 2955 and 2970 for starters.

Alternatively on lower TFs shorts could be in around 2940 with 15 point stop targeting 2920 2910.
  • #15,698
  • Nov 1, 2012 2:07am Nov 1, 2012 2:07am
2966 should cap this from further up... we didn't break 3021 therefore i am still looking lower at my initial target of 2852.. this could go lower 2785, then 2661 but i expect 2852 to be a heavy bounce so will long there with smal tight stop... currently short from 2955 from this morning...
  • #15,699
  • Nov 1, 2012 2:23am Nov 1, 2012 2:23am
Quoting T@rantula
Good morning,

Today early morning we should watch for 2920-30 levels. That breakout to the downside in US session yesterday could have been a fake out just to take out some stops. As ADP is today and NFP tomorrow, we could see 3020 again as we are in buy zone. Shorting will be preferred if EU break and retests 2875.

I would go with longs around 2925 2930 with 20 point stop targeting 2955 and 2970 for starters.

Alternatively on lower TFs shorts could be in around 2940 with 15 point stop targeting 2920 2910.
SO far both strategies worked well, slightly short of a target but still done well.
  • #15,700
  • Nov 1, 2012 2:24am Nov 1, 2012 2:24am
Quoting jaylovin
2966 should cap this from further up... we didn't break 3021 therefore i am still looking lower at my initial target of 2852.. this could go lower 2785, then 2661 but i expect 2852 to be a heavy bounce so will long there with smal tight stop... currently short from 2955 from this morning...
We may see a range until NFP is over. US elections also on Tuesday, right? I presume we wont have a stronger intraweek or the start of intramonth trend before that.
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