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Range Bar Basket System

  • #141
  • Dec 4, 2012 11:00am Dec 4, 2012 11:00am
Quoting futurespec
New RB's and entries on 6 & 14 pair.

When the long entry is from a downbar RB is there a minimum distance from close to low of RB that you look for for entry??

M.
I'm also in a long from the last RB retracement and aiming for 225 pips. We shall see what will happen.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-04 18_56_38-4198039_ MetaTrader - Alpari UK - Deneme Hesab? - [#kos#14,H1 (offline)].png Size: 13 KB
  • #142
  • Dec 4, 2012 11:06am Dec 4, 2012 11:06am
Quoting natomoto
...I simply need a way that I can put in Stop and/or limit orders as you would on a normal chart along with the (movable) TP and SL lines feature which I believe this has...
hi natomoto,

that's what I thought of when I first saw jaquemate's technique. anyway, after caillou referred to that EA post at kos' thread, I sent GVC, who posted this EA, a PM to help us. I hope he checks his PMs and comes to help us. then trading this technique would be much more easier, I think.
  • #143
  • Dec 4, 2012 11:16am Dec 4, 2012 11:16am
Hi all. Today i reached target1 +250 with ba1 position. Ba2 closed at BE after wait to retrace.
Now im long around 84.85. Target1 +225.
At 1h chart i like to see trend line and price retesting it and UP again. I hope do it one more time.
I like to see ichimoku acting as support.
But i dont like two things. Price is below EMA and at 4H chart price is dropping from High RB.
Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ko.jpg Size: 111 KB
Click to Enlarge Name: ko1.jpg Size: 131 KB
That which you give to others, life will return it in spades
  • #144
  • Dec 5, 2012 12:58am Dec 5, 2012 12:58am
GM everyone:
Todays overnight a large UP bar touched yesterdays high RB forming a new RB.
I closed ba1 position at target1: +225
ba2 position still open and now is at +460. Move this position to BE.
Today i still looking for longs.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 114 KB
That which you give to others, life will return it in spades
  • #145
  • Dec 5, 2012 1:20am Dec 5, 2012 1:20am
This is my personal analisys of actual situation:
At Daily chart you can see how todays bar breakout RB with strong. If todays bar close above RB then we have a new RB and its possible price sideways following days inside the range.
At 4h chart a new RB is formed. Now i hope price retrace and two drawed lines acting as support.
At 1h chart a new RB is formed too. Its only 150 pips of range. Be cautious. Its possible price retrace to mark circle at confluence between EMA and clouds acting both as support.
If you take this buy trade you must be cautious or can suffer a loss. RB is so small and coulbe be broken easily.
Now most important thing is that ba2 position survive to todays volatility and dont close at BE. If it occurrs coulbe be start of a new UP trend.
Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 87 KB
Click to Enlarge Name: jaq2.jpg Size: 121 KB
Click to Enlarge Name: jaq1.jpg Size: 120 KB
That which you give to others, life will return it in spades
  • #146
  • Dec 5, 2012 1:28am Dec 5, 2012 1:28am
GM Jaque,

Good explanation again.
Thanks for continuing updates.
GL with Ba2

M.
If you think I'm mad, I must be mad
  • #147
  • Dec 5, 2012 3:06am Dec 5, 2012 3:06am
Ok. Congratulations to someone taked todays buy trade. Target1 reached: +150.
Regards.
That which you give to others, life will return it in spades
  • #148
  • Dec 5, 2012 3:34am Dec 5, 2012 3:34am
No congrats for me :-(
Did not take it as was not a RB for me .... the close was only just outside previous RB.

Still not tuned in to your discretion techniques.

M.
If you think I'm mad, I must be mad
  • #149
  • Dec 5, 2012 3:44am Dec 5, 2012 3:44am
Quoting futurespec
No congrats for me :-(
Did not take it as was not a RB for me .... the close was only just outside previous RB.

Still not tuned in to your discretion techniques.

M.
GM futurespec.
No problem. I dont taked this trade. I have explain in a previous post the reasons.
Your interpretation is good. RB closed only 30 pips above previous RB and Range is 150 pips. Also previous RB is so large and i think there are high posibilities of price retrace below small RB.
Regards.
That which you give to others, life will return it in spades
  • #150
  • Dec 5, 2012 3:58am Dec 5, 2012 3:58am
I said that i dont have a minimum size to consider a bar how a RB. All depends on the overall context.
However if you have more confortable with a fixed number you can consider how minimum size 140 pips (14 pairs x 10 pips) and how minimum closing out range 14 pips (14 pairs x 1 pip).
It can help you.
Regards.
That which you give to others, life will return it in spades
  • #151
  • Dec 5, 2012 4:11am Dec 5, 2012 4:11am
Well: a new RB is formed. You can enter a buy position at low. I wait to more retrace.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 124 KB
That which you give to others, life will return it in spades
  • #152
  • Dec 5, 2012 5:39am Dec 5, 2012 5:39am
Hi all:
If you are following this thread you know this system I called RBBS (Range Bar Basket System) is a trend system.
Main idea is to capture a short term trend at 1h chart when price stops and fluctuates in a range price. When price is established at a price range we buy at range low and sell at range high hoping for position survive to daily fluctuations. Also, we close half position to reach other side range for replenish capital account and cover futures drawdowns.
Now my question is…. Is this system improvable?. And the answer is definitely YES.
You can maximize profit possibilities implementing a sideway system inside this trend system. Creating a system Level 2 to enter buy & sell order at range zone with fixed target on the other side of range.
But how?....
Just watch the price action inside range. Price hit again and again until price breakout the range. We can take advantage of it.
I don’t have time to explain in one post how we can do it.
I will publish in several post how to do it.
Continue.
Regards.

That which you give to others, life will return it in spades
  • #153
  • Dec 5, 2012 5:52am Dec 5, 2012 5:52am
Jaque,
Can see what you are saying but personally prefer just to keep it simple.
Extra options only confuse things and thoughts.
If it works for you then great.

With the returns that you have shown over the last couple weeks I do not see the need for more.

I was trying to work with just 6 pairs and only on demo for now.
Today would have entered twice (as shown) and not too good so far today.
Watching the support areas.... may exit if too painful.

For me the 14 pair has no trade yet today.

(I do not use offline charts, just my own indi)

M.
Attached Image
If you think I'm mad, I must be mad
  • #154
  • Dec 5, 2012 6:05am Dec 5, 2012 6:05am
Hi all:
Im long now. Enter bb1-2 position around 87.90 level. Target1 240 pips.
Still open ba2 position at +340 now.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 122 KB
That which you give to others, life will return it in spades
  • #155
  • Dec 5, 2012 6:08am Dec 5, 2012 6:08am
WTG Jaque :-)
If you think I'm mad, I must be mad
  • #156
  • Dec 5, 2012 6:12am Dec 5, 2012 6:12am
Quoting futurespec
WTG Jaque :-)

Excuse but waht is WTG?.
That which you give to others, life will return it in spades
  • #157
  • Dec 5, 2012 6:16am Dec 5, 2012 6:16am
"Way to go"
If you think I'm mad, I must be mad
  • #158
  • Dec 5, 2012 6:20am Dec 5, 2012 6:20am
Quoting futurespec
"Way to go"
Ok, thanks. i dont know it.
That which you give to others, life will return it in spades
  • #159
  • Dec 5, 2012 6:22am Dec 5, 2012 6:22am
Quoting futurespec
Jaque,
Can see what you are saying but personally prefer just to keep it simple.
Extra options only confuse things and thoughts.
If it works for you then great.

With the returns that you have shown over the last couple weeks I do not see the need for more.

I was trying to work with just 6 pairs and only on demo for now.
Today would have entered twice (as shown) and not too good so far today.
Watching the support areas.... may exit if too painful.

For me the 14 pair has no trade yet today.

(I do not use offline charts, just my own indi)...
Im agree with you but believe me, when i explain more details you are sure that this implementation is easy to understand and easy to execute.
Regards mate.
That which you give to others, life will return it in spades
  • #160
  • Dec 5, 2012 6:49am Dec 5, 2012 6:49am
Quoting futurespec
Jaque,
Can see what you are saying but personally prefer just to keep it simple.
Extra options only confuse things and thoughts.
If it works for you then great.

With the returns that you have shown over the last couple weeks I do not see the need for more.

I was trying to work with just 6 pairs and only on demo for now.
Today would have entered twice (as shown) and not too good so far today.
Watching the support areas.... may exit if too painful.

For me the 14 pair has no trade yet today.

(I do not use offline charts, just my own...
could you post the indi you are using?

is it painting the Rb h/l by itself?
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