Trend Trading Range Bar Charts

Hi TradeINc,

I'm glad that my posts have been helpful to you. One thing that I try to make very clear to folks is that trading is a very personal thing and you have to in the end find your own way. Essentially you find the things you like about different trading styles, and put them together in such a way that is meaningful to you and in the end have a system that may resemble others but is personal to you.

Nexas,

As TraderInc has stated I know others have hijacked threads in the past and that is not my intent here. I am not looking to hijack but rather add value to your thread by sharing other ways at looking at range bars so folks can become more aware of the versatility. So if at any time you feel I am intruding please let me know and I will gladly alter my actions.

Cheers!

I agree with you here concerning trading breakouts. You essentially end up with as many winning trades as you do losing trades if you only take breakout trades.

The way I look at trading is pretty simple. I look to enter a trade when the short term momentum is favoring the direction of the current trend (unless a range is established). If when I look to enter a trade in the direction of the trend there has to be enough room (5 pips) between my entry and the next S/R area. Should my trade carry through the S/R area it adds additional profit. Now please keep in mind I use the 5pip buffer because I trade with 6 pip range bars. If you are using something different then you may wish to use some other parameter.

So in its simplest form I look to profit from a piece of a trend when short term momentum favors the direction of the current trend. I am looking to get in on a reversal with room for the move to get me to profit. I am not chasing and entering every single retracement and reversal that occurs but rather then ones that meet my criteria of a pip buffer and short term momentum. Then I trail my stop to allow for the move to do what it needs to. Sometimes I get stopped out quickly other times it moves to profit almost immediately. Either way I have rules that I follow which keep me in check. I am going to illustrate a couple of examples on the 20 pip range bar chart that I showed earlier. Again I don't trade 20 pip bars but it doesn't matter price is price no matter what the scale is. The only thing that differs is the amount of risk associated with the larger vs smaller ranges. For example purposes I am using a 10 pip buffer on these 20 pip bar charts. I have also zoomed into the chart a bit to help provide a clearer picture. You will notice that the range condition that I showed previously is also present so I am showing trades that occurred immediately following. How you manage your trades is up to you but in the end it has to match your trading style so you can have rules that you can follow day in and day out. It also must match your risk management or if you prefer the term money management. It does you no good to have a system that produces larger and more frequent losers than your winners.

Hello,

First of all thanks for thread and ideas of Range bars.

When I discover different charting (renko) i was amazed by them and start implementing those charts to my needs,but always something missing.
They are great in trend trading but not looking good at ranges (which represent 70% of market moves). Then i find out about range bars and they are something in between candles and renko charts and love them for very first moment but didn't have suitable strategy for it.

After long journey(studiyng,researching and learning different principles method and strategies) i found my way which is not something new but very good.
I've learn much from one of the best traders here on forex factory and that's mr.Forexcube and his great teachings,so i implement his principles to my needs and on range bars charting.

Off course it is good to have basic knowledge and feeling of how is market moving, support and resistance areas bla bla.Will share some of ideas trading range bars but you have to find your own edge,brick size, plan management and so on.

This trading can be good in range markes as well as trending.
I strongly believe in mtf analyses and always want to have big picture on my side to see what is happening here and there so i foud out that range bars can be much of help.

Ok now it is time to stop talking and show charts .

First of all it is good to have one longer brick size (in this case it is range bars 20-you can change it to your needs),and one shorter (in this case it is 8 for intraday trading).

On both charts i have 2 best indicators out here and those are CCi and Tma (off course for me and my edge).
Doing analyses on 20 like S and R areas, trend lines, and watch where is PA considering Tma (market positions,OB/OS,range or trend) and CCi (market timing and strenght) to indentify cycles and where can you pick top and bottoms.......picture RB 20

Then when you done with your analyse you move to your trigger chart for entry point (range bars 8).On that chart i have pivots for daily S i R areas and ATR so i can see potencial how much PA could move that day.If you see that there is potential sell reversal you looking only for sell trades on 8.

Example:you see on 20 CB on friday that PA come to overbought area,breaks throught it and you see that cci is overbought area forming hook.So move to smaller brick size and take only sell trades on friday picture......picture RB 8

RRR is very good also if you know what you want to achieve and lots of opportunities every days on few pairs.You must find your Range bar brick

HI Trader_V, what I meant on "hijack" was that other traders bring in their own opinion and system other than RB. You are contributing not hijacking.

Many thanks

Nice post and nice charts. You have provided some good insights

Hi All,

Thank you for your posts and your interest in this type of trading. I am happy that everyone is contributing and getting involved it makes for a nice community. But please can we not argue?

Trader_V I appreciate your input, I understand that you are only trying to help. This thread is not about my trading strategy but rather range bar trading in general. So you are welcome to post what ever you like.

Come on people lets play nice together please :-)

Nexas

By the way the markets are looking awful this morning! Nothing on for me...

Yes agree with you Nexas,PA is very slow and choppy...it is good to sit out and only watch

Regards!

Hy all,

here is my today analyze,you could scalp market as holidays for 10-12 pips with this only entry point today on euro/usd.


RRR is good in this example if you want to risk and wait for more profit so at least 1:2,maybe worth to try as PA could go more down but getting late and market is to slow.

Regards!!

The AUDUSD and EURAUD seem to have the most potential currently... Need a pull back now...

I guess we aren't going to get much until after the US sort out there issues!

OK so it seems this thread has already been ruined by bickering.. so disappointing.

I will give it one more try and then I think I will give up :-)

I am going to tart a thread in the Trading Strategies section which unfortunately will not be for many different strategies as this one is but only for mine... hopefully this will discourage the arguing and allow us to stay on point!

I will practice range bar trading next week. I just have query. how you stored price date with mt4?
because if I used the 4 pips settings. I just have 390 bars less which is it's too fast for my eye to trade with.

I tried 8 pips settings but I just have 120 bars less. I will have good judgement to trade with if I will have full screen range bars with my chart.

sorry for being a newbie seniors.

please help me to clarified this issue.

best regards,

DREi

I guard the trend on RB with a little help of zigzag indicator, with non-standard setting. It allows me to easily check the stability of the trend as it displays the swing extremes, so I can get out of the trade in time. Here is the settings if anyone is interested.

Hi everyone, I know It's been a while since this room created, so I hope anyone can see and read my post. I would like to know where I can find the Range Bars (which platform you use). I used to use them in mt4, but loading charts was slow and hard, moreover, I haven't use them for a while, so I lost the file and instructions to install them. Don't know if there'e a new better way to use them in Mt4... Hope anyone can help me... Regards and good trading

Any idea how to get range bars with FXCM Tradestation?

The best free platform is the Ninjatrader. I use range bars, renko etc. charts with demo account of FXCM.

http://fxcodebase.com/code/viewforum.php?f=17

http://www.forexfactory.com/showthre...47#post8200647