Range Bar Basket System

Price touch RB low but i dont take the trade cause im long yet and im in loss. Until i dont close open trade i prefer dont add new positions.
Regards.

Things are not changed. I will continue waiting with open position in -100.
Regards.

Well. Buy position closed at BE in retest RB Low.
I will look for another oportunitie at new RB Low.
Regards

When you are trading with real money sensations all diferent. In a demo account nothing is problem. If you are lossing no problem. You wait and if you blow account you open another and thats ok. If things are good oh oh oh. You have big profits thats shows to friends.
But its no a real aproximation.
When you are trading with real money the first and holy rule is protect your capital. You can lost some oportunities of win money.
Now you can see how i trade six, seven trades and only one at profit. No problem. Most important for me is minimize loss. Is hard to see how you have a BE or Loss row but early or late price will go with strong and you will go with it.
Regards.

Well Im long now.
Target1 : +260.
Im in profif +180.
Regards.

GM Jaque,

Good to see your continuing updates.
Even better to see that thread is not being abused or people requesting addition of more indicators/filters.

Am I correct in thinking that a lot of the success is down to your discretion as to when to set range bars and also the direction? ... your last long was taken at a price below the cloud and Ma (even though the bar did not close below)... is that because the longer TF was still showing buy conditions?

M.

GM futurespec.
Most traders use a lot of indicator and i respect it but if indicator faill you faill too and then what happens?. You come back to look for another indicator that works.
However, for me, price action dont change, could be change the volatility, volumen or trend size but not price action. If you master price action you knows what are you doing. Perhaps i dont master price action, my system is simple.
Aswer to question is yes. At 4H chart you can see an UP trend with bars above ichimoku retesting EMA.
For me trend dont change untill a bar close below clouds and EMA. But why wait to closed bar?. Cause for me closed bar is sure and tails are only noise and volatility.
I hope answer your question.
Have a good day.
Regards.

Well i close two buy positions open days ago. Every position is closed when a down bar closed below EMA and Clouds forming a new Down RB and confirming a possible trend change.
Now i look for short.
If a Down trend is starting im selling at RB high.
Regards.

Hi all: Today market is not my friend. I cant take a trade cause trend go down and no retrace but i still waiting and oportunitie. I hope that price you will see at 4h chart retrace near 4h RB High and go down again. Then i sell at 1h chart at last RB high. I hope it.

In 1h chart you can see a lost sell trade. I dont take the trade at bar1. I dont at 21:00 infront of computer. But for me i dont take the trade cause range bar was so little 120 pips. If taked trade i win now +450 pips. But i dont worry, most times price come back.
Regards.

Sorry but need to ask a Q again....

Ignoring the fact that bar 1 is only a short bar how would it have met your definitions of a range bar .... it did NOT I think close outside a previous RB. ? ... or should I ask which was the previous RB that you had set?

M.

Your questions are wellcome. No doubt it.
I attached a chart. All numbered bars are RB. Just follow de order.
Regards.

Update situation:
I hoped that price retrace to 4h RB high and thats ok. You see at chart 1.
Explain chart 2:
1. Range Bar.
2. Sell at 78.30.
3. New RB. Closed sell position at retrace at BE.
4. Sell at 80.000.
Regards.

Thank you for your totally excellent explanations and your kind sharing of your ideas..
The charts are worth a thousand words.

Really well done!

M.

trading is difficult today....

Hi all:
i will go to update my situation explained with chart attached. I looking for longs.
1. Sell at RB High.
2. Bar Closed above previuos RB. New RB.
3. Closed sell position at BE at retrace.
4. New RB.
5. Buy at RB low. Target1 +160.
Rgards.

Well, since i started this thread i still opened several buy positions. These are results untill today:
7 Winner trades: 300, 1700, 2000, 350, 3000, 2700, 2300 = 12350 pips
9 BE trades.
2 Losser trades: 290, 360 = -650

Total Net Profit from 13.11.2012 = 11700 pips.

Based on these results.
What could be the conclusion?
What do you think?.

What do you think?.

I think we should all trade for a week and then retire!
If only it was that easy.

Did you not close the earlier open trades when we had a retrace yesterday?
What earlier positions do you still have open?

Not in any way trying to knock your ideas, as I said before I appreciate your ongoing updates, but more a case of trying to fully understand how I could repeat it.

M.

I do not mean to be conceited but the results are incorrect. I forgot add partial closed position at last UP trend:
I must add to winner trades: 450, 330, 250, 340, 300, 400, 500, 300. Total 14570 pips.
Believe me if a say that i dont publish results for presume. I publish for that you will see how powerfoul could be a trend system. If you can take a trend from start you will pay for a big drawdown if you first target is to protect your capital.
Apologize for correction please.
Regards.

Well: Target1 reached. +160 pips.

The bar where you entered your trade closed below your RB ... would you move the new RB to that downbar?