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The power of range bars

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  • #321
  • Sep 9, 2014 8:08am Sep 9, 2014 8:08am
anyone uses renkorange bar here?
  • #322
  • Sep 9, 2014 8:20am Sep 9, 2014 8:20am
Quoting faststare08
anyone uses renkorange bar here?
Hi, sometimes i used "renkorange" charts (its real name is point-o charts) but never tried to create a good method with it. Do you use it? Feel free to share your strategy here if you want, i'm interested.
First rule is not to lose. Second rule is not to forget the first rule...
  • #323
  • Sep 9, 2014 11:28am Sep 9, 2014 11:28am
Kind of strange I've been using range bars for about 4 years now, but for some reason have never felt comfortable with renko bars. If you have any ideas
I'm willing to listen.
  • #324
  • Sep 9, 2014 11:41am Sep 9, 2014 11:41am
The Power of Range Bars:

http://i60.tinypic.com/ajvul3.jpg

The Power of Range Bars with Predictive Structure:

http://i57.tinypic.com/24l9209.jpg

Pretty interesting. Yummy, too.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #325
  • Sep 9, 2014 11:56am Sep 9, 2014 11:56am
Quoting iDoubleStoch
The Power of Range Bars: {image} The Power of Range Bars with Predictive Structure: {image} Pretty interesting. Yummy, too.

yes, very interesting, please i would like to see more about this...
First rule is not to lose. Second rule is not to forget the first rule...
  • #326
  • Sep 9, 2014 12:01pm Sep 9, 2014 12:01pm
what makes it a predictive structure?
  • #327
  • Sep 9, 2014 12:02pm Sep 9, 2014 12:02pm
Quoting iDoubleStoch
The Power of Range Bars: {image} The Power of Range Bars with Predictive Structure: {image} Pretty interesting. Yummy, too.
HAHA! Have fun!
  • #328
  • Sep 9, 2014 12:11pm Sep 9, 2014 12:11pm
Quoting rockypoint
what makes it a predictive structure?
Its historicity, empirical evidence and the resultant statistical probability it demonstrates. Lots of homework. A strong work ethic. A sincere belief that a better way is always possible and the willingness to find that better way.

The rest is, Yummy.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #329
  • Sep 9, 2014 12:12pm Sep 9, 2014 12:12pm
Quoting Relativity
{quote} HAHA! Have fun!
Always!
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #330
  • Sep 9, 2014 12:15pm Sep 9, 2014 12:15pm
http://i60.tinypic.com/2qjevmb.png

Modified Range Bars (see http://www.forexfactory.com/showthre...53#post7678853)
Orange boxes = Price moving within frame of D1
Lower PriceFrame = 6 period swing
Trader's PriceFrame = 25 period swing
Higher PriceFrame = 105 period swing
  • #331
  • Sep 10, 2014 10:35am Sep 10, 2014 10:35am
Caught a nice trade on cotton 101 ticks, still in an oil short thats been slowly drifting lower. Closed the cotton trade when double top formed.
Attached Image (click to enlarge)
Click to Enlarge Name: ff23.png Size: 88 KB
  • #332
  • Sep 10, 2014 10:48am Sep 10, 2014 10:48am
Closed mt oil trade when price closed above mid-line. 38 ticks
Attached Image (click to enlarge)
Click to Enlarge Name: ff24.png Size: 97 KB
  • #333
  • Sep 10, 2014 2:18pm Sep 10, 2014 2:18pm
Quoting rockypoint
Caught a nice trade on cotton 101 ticks, still in an oil short thats been slowly drifting lower. Closed the cotton trade when double top formed. {image}
awesome trade, bravo!


this is my best trade of the day, just caught on midcap 400, 22 ticks in profit:

Attached Image (click to enlarge)
Click to Enlarge Name: range bars scalping midcap 400.JPG Size: 141 KB
First rule is not to lose. Second rule is not to forget the first rule...
  • #334
  • Sep 10, 2014 2:47pm Sep 10, 2014 2:47pm
Nice trade. You trade indices only? I'm trying to limit the amount of charts I look at too many right now. I like to make things as simple as possible.
The older I get the less tolerance for clutter and complicated charts.

Now its time to hit the Sea of Cortez for some kayaking, sun, then a good workout and nice T bone
  • #335
  • Sep 10, 2014 2:58pm Sep 10, 2014 2:58pm
Quoting rockypoint
Nice trade. You trade indices only? I'm trying to limit the amount of charts I look at too many right now. I like to make things as simple as possible. The older I get the less tolerance for clutter and complicated charts. Now its time to hit the Sea of Cortez for some kayaking, sun, then a good workout and nice T bone
Yes, only indices for now and crude/brent oil.


aahh sun, kayaking and sea...have a good time!
First rule is not to lose. Second rule is not to forget the first rule...
  • #336
  • Sep 10, 2014 3:03pm Sep 10, 2014 3:03pm
@ thefxpros

Did you take this entry level because of the support on the left?
  • #337
  • Sep 10, 2014 3:05pm Sep 10, 2014 3:05pm
Quoting kofix11
@ thefxpros Did you take this entry level because of the support on the left?

yes, exactly...it was not the safest trade of the world, but i was already in profit for the day, so i took that trade. Stop loss was just below that low before the entry.
First rule is not to lose. Second rule is not to forget the first rule...
  • #338
  • Sep 11, 2014 9:01am Sep 11, 2014 9:01am
A bit less precision than the usual for today's entries but still a good return, it went well: 30 ticks profit on dow jones.


Attached Image (click to enlarge)
Click to Enlarge Name: range bars scalping dow jones.JPG Size: 153 KB
First rule is not to lose. Second rule is not to forget the first rule...
  • #339
  • Sep 11, 2014 9:12am Sep 11, 2014 9:12am
hey,

what was the reason for you to enter those trades if I may ask?
Is it because of the test of the MA's? And where was your stop?

thanks
You can't go broke taking profits.
  • #340
  • Sep 11, 2014 9:34am Sep 11, 2014 9:34am
Quoting Clover
hey, what was the reason for you to enter those trades if I may ask? Is it because of the test of the MA's? And where was your stop? thanks
Hi!

They have been two reckless trades. The first one was not planned for that entry, but i wanted to enter on the bearish pinbar (point A in the image below) and gnaw some tick but the order has not been filled at the level i wanted so i moved my sell limit a bit lower until it has been filled. My initial stop loss is marked as SL1 in the picture. The truth is that i made a mistake with this trade and i didn't want to close it (big mistake) so i moved my initial stop loss a bit upper, upon the second significant resistence level. The second (and last) stop loss was not taken by a whisker...


Second trade, more or less took by following the rules, i bet on the bounce of the bullish move on that level, taken too fast...after there are clear signals of an upcoming bullish move: that bounce on point B would convinced me to join the bullish move.

Attached Image (click to enlarge)
Click to Enlarge Name: range bars scalping dow jones 2.jpg Size: 220 KB
First rule is not to lose. Second rule is not to forget the first rule...
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