High low bar chart only & how to trade them!

hello friends

purpose of the thread build toghether a trading system

based only on high & low of bars & NOTHING ELSE.

Please kindly no fight no bashing etc ...
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your are all welcome

please advice comment put pics put code etc ...

thanks

with thos 2 indicators u can get the same screen as me

use line chart then select line graph color none



then



then

I am not very smart so high & low is already a lot of info for me



so now we have only 4 types of bars

its not = to range bar but close to it

bullish
bearish
inside
outside

let's have a look at this pic where i put only bearish & bullish bar

My first idea is to concentrate on the outside bar

please kindly share your ideas as well

i see a lot of system about break out of outside bar & engulfin ..

let's try something a bit different

next week will test support & resistance line that i must draw by hand .....

this is a pic of the idea




waiting for help from coder here http://www.forexfactory.com/showthre...99#post6739599

idea simply autodraw 1 support & 1 resistance line

everytime a new outside bar appears ( erase the previous lines)

all based only on high & low

high of actual outside bar on close
low of actual outside bar on close

other high point must be on a previous outside bar with a high higher then the actual one
other low point must be on a previous outside bar with a low lower then the actual one

will test this next week & revert asap

nice weekend frds

I'm in ... Might be not too active but in!

High & Lows worked for the TURTLES, should still work for us

Let's talk a bit more about our high low only bar

Yellow = inside bar if ((H<=H1)&&(L>=L1)) {

purple = outside bar if ((L<L1)&&(H>H1)) {

red = bearish bar if ((H<=H1)&&(L<=L1)) {

blue = bullish bar if ((L>=L1)&&(H>=H1)) {


all is based on the comparison with actual bar to the previous bar 1

we follow our idea, our "religion" to work only with High & Low data ....

"TRADE WHAT YOU SEE"

you can read this all around; the problem is most don't see very much or fast due to a data overload

"KEEP IT SIMPLE"

imagine HIgh is 1 & Low is 0 ;then its simple only 2 data to handle !

pc chips only handle work with those 2 data & are vey powerfull

have a look at this chart please



its a usd ag jpy daily chart

as you know biggest rally ever happen on a major currency on a relatively short period

have a look & try to SEE :nerd:

BIG OUTSIDE BAR = watch out !

if outside bar high or low is high or low for the day even better

we can use the big outside bar to draw fibo levels

&

use the outside bar easy to spot purple bar

to draw support & resistance line coming from other outside bar

some times not easy as previous one that is witha higher high or a lower low is very far away on the chart

this will have to be quick, wife is in shower and we supposed to be on holiday/vacation
what time frame is your charts on, I cannot tell on this little note book I have.
you will not go wrong trading ibs/obs like someone said the Turtles worked off them but on a long time scale.
I must say though be careful if you trade off short time frames, once I am back home I will speak more freely, be good and do not let any of the dicks get you down, happy trading

&




SEE target with this systel is around 92.00 in usd jpy

crazy i really want to see it to believe it !

speking Turtles, they also traded off the high/low of past 20 days if I remember, catch you later, be good

other good idea draw support & resistance lines based on outside bars



based on this usd jpy support 93.20 & 92.20 around

its expensive very hard to trade

if you want trade break out

of high & low only (our religion ahhahah)

you can use this indi a you can shift the high & low line so its easy to SEE the break out

here turtle style 20 daily shift 20




have a nice sunday frds

welcome to all of you

hello Erebus

yes its based on high & low as well

look at this pic

same currency same time frame



the cross of support & resistance line give maybe some false break

but the horizontal line of support in full purple

ie 2 outside bar

L1 < L + draw line of support + buy somewhere in the middle

seems a cheaper entry point ??

thanks n gd day

hello billytt

sunday is usually familly time ...

yes sure higher time frame make picture more easy to SEE but to trade its expensive if high leverage ....

i hope to generate & share ideas to make a good trading signal



just a few second ago

idea is to draw horizontal corridor based on outside bar

to generate buy & sell zone ?

maybe lesse false break out then with hig degree trend line ??

thanks

this system seems sound and efficient to apply in intraday trading mostly since it could give some good results based on PA alone without exposing to prolonged trades on higher timeframes.

thanks for shearing
could you please attach your template
i couldn't have the same presentation like your's

sorry for my english

Nice thread. Was playing with inside bar and some bars formation for a few months but didnt have much success.

Maybe the trend line for Sell entry and the high of the outside bar for stoploss.

the trend line for Buy entry and the Low of the outside bar for stoploss.

hello

here is the template

sorry i am not coding at all, some time do small modification of existing code ...

see you & good day