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The power of range bars

  • Linked: HotForex - averaging down test 01 | Demo Account XXXX02
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  • Linked: Mixed trading test 01 | Demo Account XXXXX00
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  • #301
  • Aug 26, 2014 5:56pm Aug 26, 2014 5:56pm
Range bars came into play as a Brazilian Broker called M. Nicolellesis when operating his trading desk decided to emphasize price actions choosing to take time element off the equation. This has consequently helped traders manage indigenous markets with disturbing volatility. So he adopted range bars. This is done such that traders could concentrate on a pip range also resounding areas of support and resistance. It also makes the lag time of indicators very less demanding.
  • #302
  • Aug 26, 2014 6:34pm Aug 26, 2014 6:34pm
Quoting LucaJabs
Range bars came into play as a Brazilian Broker called M. Nicolellesis when operating his trading desk decided to emphasize price actions choosing to take time element off the equation. This has consequently helped traders manage indigenous markets with disturbing volatility. So he adopted range bars. This is done such that traders could concentrate on a pip range also resounding areas of support and resistance. It also makes the lag time of indicators very less demanding.
yes, that is in first post of the thread...

thanks Nicolellis


First rule is not to lose. Second rule is not to forget the first rule...
  • #303
  • Edited 10:38am Aug 27, 2014 10:01am | Edited 10:38am
Nothing real trading today. Just a sell trade on demo account in russell index. In demo account i often experience to locate probable turning points trying to enter the market without confirmation.

This time it went well:

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First rule is not to lose. Second rule is not to forget the first rule...
  • #304
  • Aug 27, 2014 10:37am Aug 27, 2014 10:37am
Another try, a bit less precise entry. I've tried to hold it a bit more, i was about to close pretty soon on the minimum after the entry. Good 10 ticks. The heiken ashi in separate window is an AWESOME tool that allows to better draw trendlines. Try it out!

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recap of this two demo trades:

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First rule is not to lose. Second rule is not to forget the first rule...
  • #305
  • Aug 27, 2014 11:41am Aug 27, 2014 11:41am
Slow day again, hope things start getting more interesting after labor day. 1 small trade again traded 2cts. on soybean oil still in trade 17 ticks locked in see what happens.
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  • #306
  • Aug 27, 2014 12:25pm Aug 27, 2014 12:25pm
Out of the above trade for 18 ticks, tired of watching paint dry.
  • #307
  • Aug 27, 2014 12:31pm Aug 27, 2014 12:31pm
Quoting rockypoint
Out of the above trade for 18 ticks, tired of watching paint dry.
well, in a slow day like this, you can be satisfied.
First rule is not to lose. Second rule is not to forget the first rule...
  • #308
  • Aug 28, 2014 9:33am Aug 28, 2014 9:33am
Every one have a great weekend, I'm done till next week. Markets are dead hopedfully next week will bring me some action. as for the next few days let the fun begin.
  • #309
  • Aug 29, 2014 11:10am Aug 29, 2014 11:10am
Couldn't help myself took a look and found this set up happening just after I opened my platform, so I took it.
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  • #310
  • Sep 1, 2014 8:43am Sep 1, 2014 8:43am
Found an interesting indicator on another forum that works well with range bars: ergodic histogram MTF for trend indication/strenght and spotting divergences.


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here are the files.

Attached File(s)
File Type: mq4 Ergodic MTF histo.mq4   10 KB | 516 downloads

Attached File(s)
File Type: ex4 Ergodic MTF histo.ex4   36 KB | 436 downloads
First rule is not to lose. Second rule is not to forget the first rule...
  • #311
  • Sep 2, 2014 12:08pm Sep 2, 2014 12:08pm
Caught some of the oil drop for 40 ticks
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  • #312
  • Sep 2, 2014 2:04pm Sep 2, 2014 2:04pm
Quoting rockypoint
Caught some of the oil drop for 40 ticks {image}
Oil is collapsed today, what a big drop!


This is my best today's trade, caught on cac40, 38 tick gained.

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First rule is not to lose. Second rule is not to forget the first rule...
  • #313
  • Sep 2, 2014 2:07pm Sep 2, 2014 2:07pm
NICE TRADE FXPROS
  • #314
  • Sep 3, 2014 10:14am Sep 3, 2014 10:14am
Last night was a great example of how the news can make for a great group of trades. The good news numbers from China and Australia gave me 3 terrific trades. The was just good a little above expectations so you could pick good entry points, without chasing fast moving prices.

EUR/AUD out for 35 pips, AUD/USD still in 45 pips profit locked in and GBP/AUD still in with 120 pips locked in
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  • #315
  • Sep 3, 2014 11:36am Sep 3, 2014 11:36am
Closed out for 48 pips on AUD/USD and 131 pips on GBP/AUD
  • #316
  • Sep 5, 2014 8:43pm Sep 5, 2014 8:43pm
Today just for curiosity i had a look at my demo account on ninja trader and i loaded the statistics from the first day that i got the account to now:

those numbers have no much meaning because it is a demo account and no commissions calculated...just somebody can explain me in details what average MAE, MFE and ETD mean?


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There is a constant in my trading results since i started trading...demo or live no matter, i've always been more clever in sell trades than in the buy trades and i can't find a reason for this...
First rule is not to lose. Second rule is not to forget the first rule...
  • #317
  • Sep 8, 2014 9:39am Sep 8, 2014 9:39am
Anybody notice how forex trading for a while now has movers but usually centered on 1 currency. 1 day its all euro pairs another like today its all gbp pairs.
3 trades today all opened in 10 min. period all gbp all still open, will post charts after I close out. Now a little nap up since 3am my time(6am est)
  • #318
  • Sep 8, 2014 10:19am Sep 8, 2014 10:19am
Ok all hit trailing stops and closed out in 5 min. period, now its nap time.
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  • #319
  • Sep 8, 2014 2:47pm Sep 8, 2014 2:47pm
Quoting rockypoint
Anybody notice how forex trading for a while now has movers but usually centered on 1 currency. 1 day its all euro pairs another like today its all gbp pairs. 3 trades today all opened in 10 min. period all gbp all still open, will post charts after I close out. Now a little nap up since 3am my time(6am est)
yes, me too. I abandoned currency trading for now for this reason, indices are much more volatile and easy to trade.
First rule is not to lose. Second rule is not to forget the first rule...
  • #320
  • Sep 9, 2014 7:15am Sep 9, 2014 7:15am
Good day to all,

just caught this good sell trade on dow jones. Entry on a resistance rejection, 15 tick gained.

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First rule is not to lose. Second rule is not to forget the first rule...
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