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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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  • #541
  • Nov 7, 2014 7:01am Nov 7, 2014 7:01am
Today's trades - had some trouble will fills during the news.
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Small disciplines repeated with consistency lead to great achievements.
  • #542
  • Nov 7, 2014 7:26am Nov 7, 2014 7:26am
Heres my 72 Softtail that i'm riding in the bikers parade tonight, should be a wild weekend. 1 trade today on soybeans, most commodity charts have been a mess latley
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  • #543
  • Nov 7, 2014 10:25am Nov 7, 2014 10:25am
And this is my only one trade of the day on dow jones

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First rule is not to lose. Second rule is not to forget the first rule...
  • #544
  • Nov 7, 2014 11:37am Nov 7, 2014 11:37am
Quoting jmflukeiii
{quote} I'm testing them out - they look nicer, not that that means anything. The 4pip no-gap is almost the same as the 3pip with gap, in terms of number of bars per unit of time. The main reason though is that the indicator version seems to be more stable than the expert version. If I had an indicator version of with-gap, I'd probably just be using that instead.
If you did not yet consume the trial period, you may temporarily use this non-gap indi:

Attached File(s)
File Type: ex4 RangeNoGapBar.ex4   257 KB | 467 downloads
  • #545
  • Nov 7, 2014 12:46pm Nov 7, 2014 12:46pm
Quoting jmflukeiii
{quote} Thank you - I can try to provide a bit more detail, but its not so much a "strategy" other than just attempting to read the market that revolves around my theoretical construct of how markets operate/move. In a nutshell, I see the market as an auction, an ongoing process of buyers and sellers ("traders") determining "value". There are two "states of being", ranging and trending. During periods we call "ranges", traders have arrived at a "value" they somewhat agree upon. Ranges can be seen on any time frame/bar interval and can be as big...

yes, i agree on all your analysis. I would like to see some examples with pictures regarding the way in which you pick these pivot points, if you can. Thanks.
First rule is not to lose. Second rule is not to forget the first rule...
  • #546
  • Nov 7, 2014 1:50pm Nov 7, 2014 1:50pm
Quoting Halley
{quote} If you did not yet consume the trial period, you may temporarily use this non-gap indi: {file}
I assume this is from oVo - the trial period is very short for live accounts. I suppose I might as well just buy it - oVo does make the best products I've seen for non-time based charting.
Small disciplines repeated with consistency lead to great achievements.
  • #547
  • Nov 10, 2014 6:50am Nov 10, 2014 6:50am
Nothing much going on for me today 1 trade long on USD still in trade will post chart when I close trade
  • #548
  • Nov 10, 2014 7:17am Nov 10, 2014 7:17am
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  • #549
  • Nov 10, 2014 7:34am Nov 10, 2014 7:34am
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Small disciplines repeated with consistency lead to great achievements.
  • #550
  • Nov 10, 2014 10:06am Nov 10, 2014 10:06am
this sounds very interresting,
is there any indicator who is working on MT4 actual version?
i tried out to ue the one in the thread but they didnt working

amando
The biggest drawdown is ahead of you
  • #551
  • Nov 10, 2014 10:20am Nov 10, 2014 10:20am
Quoting amando77
this sounds very interresting, is there any indicator who is working on MT4 actual version? i tried out to ue the one in the thread but they didnt working amando
which did you try? that ones in the first post of the thread...they both work.
First rule is not to lose. Second rule is not to forget the first rule...
  • #552
  • Nov 10, 2014 10:21am Nov 10, 2014 10:21am
Quoting thefxpros
{quote} which did you try? that ones in the first post of the thread...they both work.
Both the indicator and the expert in the first post work. I think people get confused about which is which, where to put in the MT4 folder, etc...
Small disciplines repeated with consistency lead to great achievements.
  • #553
  • Edited 6:46pm Nov 10, 2014 10:37am | Edited 6:46pm
Quoting jmflukeiii
{quote} Both the indicator and the expert in the first post work. I think people get confused about which is which, where to put in the MT4 folder, etc...

but i wrote step by step instructions for both in order to avoid these problems. There's also a step by step installation video.
First rule is not to lose. Second rule is not to forget the first rule...
  • #554
  • Nov 10, 2014 11:57am Nov 10, 2014 11:57am
Quoting thefxpros
{quote} but i have wrote step by step instructions for both in order to avoid these problems. There's also a step by step installation video.
Oh I know... I'm saying most people don't pay attention.
Small disciplines repeated with consistency lead to great achievements.
  • #555
  • Nov 11, 2014 6:35am Nov 11, 2014 6:35am
Not going to push it given the holiday.


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Small disciplines repeated with consistency lead to great achievements.
  • #556
  • Nov 11, 2014 8:33am Nov 11, 2014 8:33am
One more after the breakout -

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Small disciplines repeated with consistency lead to great achievements.
  • #557
  • Nov 11, 2014 8:58am Nov 11, 2014 8:58am
And one more after another pullback in the now-clearly-defined trend.

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Small disciplines repeated with consistency lead to great achievements.
  • #558
  • Nov 11, 2014 9:29am Nov 11, 2014 9:29am
Caught a couple of small moves on divergences, which tend to work really well on slow days.
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  • #559
  • Nov 11, 2014 10:17am Nov 11, 2014 10:17am
One last fade off the naked POC (see the MP chart). That's one way to use that chart -

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Small disciplines repeated with consistency lead to great achievements.
  • #560
  • Nov 11, 2014 11:05am Nov 11, 2014 11:05am
Quoting jmflukeiii
One last fade off the naked POC (see the MP chart). That's one way to use that chart - {image}{image}
Nice to see you are using POC in your trade decision. I never did so but I many times wanted
In fact, my opinion is that the range bars are not the ideal chart for the footprint, but I thought about footprints calculated on tick bars, which in fact should show the VPOC. What indicator are you using for the profile?

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