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Range Bar Basket System

  • #521
  • Jan 28, 2013 11:08am Jan 28, 2013 11:08am
Im not sure that this down trend will continue so long.
Be cautious and move to BE to end of day.
Daily and 4h chart will continue saying UP.
Regards.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: jaq1.jpg Size: 108 KB
That which you give to others, life will return it in spades
  • #522
  • Jan 28, 2013 11:50am Jan 28, 2013 11:50am
Quoting Jaquemate
Im not sure that this down trend will continue so long.
Be cautious and move to BE to end of day.
Daily and 4h chart will continue saying UP.
Regards.
It may go down or up, but I think that it will not cross the 152 at once, http://screencast.com/t/EVxOb1dL
ichi and 21MA are pointing down, and 50 and HAS are flat.
  • #523
  • Jan 30, 2013 3:05am Jan 30, 2013 3:05am
GM All,I will be going in for a buy trade @ 154 targeting 300pips 1st take profit and 600pips 2nd take profit.
  • #524
  • Jan 30, 2013 3:09am Jan 30, 2013 3:09am
The image for you to see the trade plan.
I wish you all a wonderful trading day ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: buy @ 154.gif Size: 37 KB
  • #525
  • Jan 30, 2013 7:46am Jan 30, 2013 7:46am
Hello All, just to update you, that my trade got filled! as planned and i am on the move for the 300 pips first Target and the 2nd trade to hit 600 pips.
Thanks Jaq
Attached Image (click to enlarge)
Click to Enlarge Name: trade on!.gif Size: 29 KB
  • #526
  • Jan 30, 2013 7:50am Jan 30, 2013 7:50am
Quoting ejikz
Hello All, just to update you, that my trade got filled! as planned and i am on the move for the 300 pips first Target and the 2nd trade to hit 600 pips.
Thanks Jaq
Hi all. Hi ejikz.
Im with you buy up with strong.....
Good luck mate.
That which you give to others, life will return it in spades
  • #527
  • Jan 30, 2013 7:54am Jan 30, 2013 7:54am
Is this the reason of this sudden movement?.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.1PNG.PNG Size: 10 KB
That which you give to others, life will return it in spades
  • #528
  • Jan 31, 2013 11:28am Jan 31, 2013 11:28am
Hello All, today was a bit slow but finally my 1st target of 300 pips was met and the 2nd target is still running.
But i plan to enter a new trade @ 155.5 and targeting 450 pips
Find attached my trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: target 1.gif Size: 29 KB
Click to Enlarge Name: enter long @155.5.gif Size: 30 KB
  • #529
  • Jan 31, 2013 12:20pm Jan 31, 2013 12:20pm
Quoting ejikz
Hello All, today was a bit slow but finally my 1st target of 300 pips was met and the 2nd target is still running.
But i plan to enter a new trade @ 155.5 and targeting 450 pips
Find attached my trades.
Hello ejikz. Finally todays price breakout UP.
Good luck mate.
That which you give to others, life will return it in spades
  • #530
  • Jan 31, 2013 12:25pm Jan 31, 2013 12:25pm
Jaquemate,

This basket trading seems to be going well since you first started this thread back in Nov 2012.
My question: can your Range Bar breakout principles also be applied to single currency pairs?
If yes, are there any changes in methodology?

Regards,
Athar.
  • #531
  • Feb 1, 2013 3:04am Feb 1, 2013 3:04am
Quoting atharmian
Jaquemate,

This basket trading seems to be going well since you first started this thread back in Nov 2012.
My question: can your Range Bar breakout principles also be applied to single currency pairs?
If yes, are there any changes in methodology?

Regards,
Athar.
Hi Atharmian:
Range bars are more usually at basket charts. More pairs = more Range Bar. Why?. In few words. When some pairs are trending hoewer some pairs are ranging. This create a range of prices thats forms these Range bars. Price fluctuate inside this range up & down untill breaks one of this range limits normally following the initial trend.

14 pairs basket chart and JPY pairs are very similars but JPY pairs ussually are trending pairs and Range Bars happens too but less often.

You can compare both charts. Sometimes a Range Bars happens in both charts and price touch RBH or RBL in both RB doing the same.
But another times dont.

How do you can trade a single pair with RB rules?.

The problem is that you have less oportunities and when trend is strong in a single pair price usually dont retrace more that 50% of a Range Bar and you can lost a golden oportunity.

Sincerely. When a trade EURJPY i trade any potential entry following price action. Inside Bars, Range Bars, Volatily Breakouts.

Most trades focus their efforts on finding an entry system looking for a perfect indicators combo..... and for me its a big mistake.

Markets give you the entries without use of any indicator. One of most important things is not know when to enter. Its know when to exit and why.

There is no secret in this bussiness.

The success formula is very simpleto understand but difficult to do. Only you must do is squezze a trend when it happens building a piramid of positions and cut loss quickly.
The success formula is to look for an infinity yield for gains an a fixed amounts for loss creating a system/method that gives you a very low risk entries and leaving winning positions opening adding new positions untill higher time frame trend is exaust.

Range Bars gives you a visual and easy way for enter market but itself dont give you the success.

You can trade Range Bars in a single pair but is less usually.

Look at a basket chart and EURJPY chart and mark some RB in both charts. Then see EURJPY behavior and comment.

Regards.
That which you give to others, life will return it in spades
  • #532
  • Feb 1, 2013 5:19am Feb 1, 2013 5:19am
GM All
my trade update,
My yesterday pending buy limit order of 155.5 did not get filled. but my target other target of 600 pips was achieved. i will be looking to go long today @ 162.2 range, which is also coincident with the 4hr RB Low.
knowing fully well that today is Non-farm payroll news coming up.
I wish myself good time.
Good day to you Jaq and others view this thread
Attached Image (click to enlarge)
Click to Enlarge Name: enter long @162.2.gif Size: 38 KB
  • #533
  • Feb 1, 2013 8:27am Feb 1, 2013 8:27am
Quoting ejikz
GM All
my trade update,
My yesterday pending buy limit order of 155.5 did not get filled. but my target other target of 600 pips was achieved. i will be looking to go long today @ 162.2 range, which is also coincident with the 4hr RB Low.
knowing fully well that today is Non-farm payroll news coming up.
I wish myself good time.
Good day to you Jaq and others view this thread

GM All:

Here we go mate. Good luck.

Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jaq1.jpg Size: 213 KB
Click to Enlarge Name: jaq2.jpg Size: 116 KB
That which you give to others, life will return it in spades
  • #534
  • Feb 1, 2013 9:27am Feb 1, 2013 9:27am
Jaquemate,

Thanks much... I will try and make those comparisons between Baskets and EJ etc.

Your explanation removes many of my doubts as it is very well thought out and practical.
One of the best strategies I have read regarding how to trade and what to look out for !

Clearly all those technical indicators are always lagging price action and really it is looking
at statistically valid situations of win-loss. If you can control loss then you can focus on your
wins, and that is what your and the DIBS method are about. Stacking on top of wins and
cutting losses quickly with visual indications of ranges and their breakouts (trends)

Much thanks again. Very convincing.


Athar.


Quoting Jaquemate
Hi Atharmian:
Range bars are more usually at basket charts. More pairs = more Range Bar. Why?. In few words. When some pairs are trending hoewer some pairs are ranging. This create a range of prices thats forms these Range bars. Price fluctuate inside this range up & down untill breaks one of this range limits normally following the initial trend.

14 pairs basket chart and JPY pairs are very similars but JPY pairs ussually are trending pairs and Range Bars happens too but less often.

You can compare both charts. Sometimes a Range Bars happens...
  • #535
  • Feb 1, 2013 10:33am Feb 1, 2013 10:33am
Hello All,
Just as planned my target of 600 pips was attained.
Thanks Jaq for the wonderful system you have put together for us here.
Peace, happy weekend all, and i will continue to study the system over the weekend to make it flawless for me.
For your information i trade the system live
Attached Image (click to enlarge)
Click to Enlarge Name: target met.gif Size: 36 KB
  • #536
  • Feb 1, 2013 10:45am Feb 1, 2013 10:45am
Quoting ejikz
Hello All,
Just as planned my target of 600 pips was attained.
Thanks Jaq for the wonderful system you have put together for us here.
Peace, happy weekend all, and i will continue to study the system over the weekend to make it flawless for me.
For your information i trade the system live
Hi all:

Congratulations ejikz. Im happy for you.

Im very happy too with todays trades.

MFE of winners trades= +1508,80 pips.
Totally winners pips = +1273,80 (85% of MFE).
This is my todays statment.
Happy weekend to you.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jaq1.jpg Size: 126 KB
Click to Enlarge Name: Captura28.PNG Size: 83 KB
That which you give to others, life will return it in spades
  • #537
  • Feb 1, 2013 10:45am Feb 1, 2013 10:45am
Thank you Jaq,
I need to thank you, Kos and the other hard working people in FF who had contributed in making the basket trading a workable environment for many to trade from.
I trade Forex this days with so much confidence !!!! after an average lost of over $70,000 into the forex trading in the last 4 years of my interest into the forex trade.
i just can't thank you anough Kos, Jaqumate, GVC and other bastket developer that i never come across.
Have a lovely weekend to all
Attached Image (click to enlarge)
Click to Enlarge Name: my platform.jpg Size: 188 KB
  • #538
  • Feb 1, 2013 11:10am Feb 1, 2013 11:10am
Quoting atharmian
Jaquemate,

Thanks much... I will try and make those comparisons between Baskets and EJ etc.

Your explanation removes many of my doubts as it is very well thought out and practical.
One of the best strategies I have read regarding how to trade and what to look out for !

Clearly all those technical indicators are always lagging price action and really it is looking
at statistically valid situations of win-loss. If you can control loss then you can focus on your
wins, and that is what your and the DIBS method are about. Stacking on top of wins...

Thanks to you atharmian.
Regards and happy weekend
That which you give to others, life will return it in spades
  • #539
  • Edited Feb 4, 2013 8:14pm Feb 3, 2013 9:19pm | Edited Feb 4, 2013 8:14pm
Dear Jaquemate/futurespec,

I tried the template below, and it did not draw any RB hi-low range lines, or give me any other RB formation indication.

The jaquebt,tpl template as below only contains the 4 indys: CandleTime, Ichimoku, MA and DoublecciWoody.
This tpl or the other versions, bt2 or bt3, do not contain the Mn Bag v1.3 indy, which I added manually with default values.

1. Still nothing... can you or other folks help? I did switch TFs, but I don't know if Charts>Properties>ScaleFix
will help since the original jaquebt.tpl template already looks adjusted.

EDIT: I think I know what the problem might be: Sync time for jaquemate template vs futurespec's Mn Bag v1.3.

My FXCM broker time is 0 GMT which also seems to be jaquemate tpl's broker time. So I get the same price display
on my chart as with jaquemate tpl's text display in the top right corner. However Mn Bag v1.3 gives a different reading (168 vs 145 for mine/jaquemate.tpl) which must be due to a different start of candle time.

Thus there is text displayed from Mn Bag v1.3 indy on the top right corner, but no range lines display (I do get email alerts, though.) And this must be the same issue for many other folks too...

So, any solutions for sync here, or perhaps another way to draw RB H/L lines ?


Also I read futurespec's initial instructions with the Mn Bag test indy.

2. What is an appropriate value for mHistRb so that the hi-low range lines do not go beyond the (next) breakout
RB as in the figure?

3. What is mDist?

4. I understand mMinDiff refers to how much a new candle has to be away from the current RB to qualify as the next RB. Jaquemate mentions that a good value for minDist is 14x1= 14 pips, and for a RB large enough, the min size ought to be 14x10=140 pips. So how can we specify these two minimum parameters with Mn Bag v1.3?

Best Regards,
Athar.



Quoting Jaquemate
Hi lucklogic.
Wellcome to thread.
I attached template i showed at previous post but i must remember all people that indicator creator is futurespec. Merit is for him.
Regards.
  • #540
  • Edited 11:01pm Feb 3, 2013 10:50pm | Edited 11:01pm
Here are 2 screenshots from jaquebt.tpl chart to which I added Mn Bag v1.3 indy
as my previous email said.

The bottom one shows the display with default settings (no ScaleFix.) From Mn Bag v1.3
only the display for RbH/L and Now value appears. Notice that this Now value is different than
the current price reading on the chart on the right scale.

The top screenshot shows only Mn Bag v1.3 indy display with Chart>Properties>ScaleFix
set to 170/159 as Max/Min. The original jaquemate tpl disappears.

Also it makes no difference if I switch the chart properties from the default online to the offline
chart mode (except that with offline mode, the TF menu is greyed out.)

So perhaps this has to do with the price readings discrepancy too... restarting MT4 several
times did nothing. Also, I had earlier successfully created 14 pair offline charts for both M15
and H1 TFs using Basketv6 as instructed (which seems to have no bearing on the above.)

Regards,
Athar.



Quoting atharmian
Dear Jaquemate/futurespec,

I tried the template below, and it did not draw any RB hi-low range lines, or give me any other RB formation indication.

The jaquebt,tpl template as below only contains the 4 indys: CandleTime, Ichimoku, MA and DoublecciWoody.
This tpl or the other versions, bt2 or bt3, do not contain the Mn Bag v1.3 indy, which I added manually with default values.

1. Still nothing... can you or other folks help? I did switch TFs, but I don't know if Charts>Properties>ScaleFix
will help since the original jaquebt.tpl template...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jaquemate templatescalefixmnbagv1.3-feb4-2013.gif Size: 15 KB
Click to Enlarge Name: jaquemate template-feb4-2013.gif Size: 16 KB
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