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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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  • #661
  • Dec 2, 2014 9:43am Dec 2, 2014 9:43am
Up a little late today caught tail end of some moves for 3 small trades.
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  • #662
  • Dec 2, 2014 9:50am Dec 2, 2014 9:50am
Bad trade for me. I risked my daily profit and i closed it to breakeven. I was up to 7 ticks on this trade but i didn't close it...

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First rule is not to lose. Second rule is not to forget the first rule...
  • #663
  • Dec 2, 2014 11:19am Dec 2, 2014 11:19am
Fxpros I'm curious what was your buy signal on the trade.
  • #664
  • Dec 2, 2014 12:24pm Dec 2, 2014 12:24pm
Quoting rockypoint
Fxpros I'm curious what was your buy signal on the trade.
hi rocky, i saw a potential bouncy level on the range bars 7 pip chart, and took the trade on the 2 pip chart. It was a risky trade as often for me. After the first "safe" trade for the day, then i like to scalp every swing as possible. This time it went well if i closed the trade for the reasonable tp of 7 tick, but i left it open and...you see what happened...
First rule is not to lose. Second rule is not to forget the first rule...
  • #665
  • Dec 2, 2014 12:57pm Dec 2, 2014 12:57pm
Ok, it works well for you would drive me nuts too for me(at least todays YM chart is). But most important thing in trading is finding the niche which suits your psyche and it looks like you found yours. Do you look at longer range bar lengths then shorter for your entries always or just occasionally. I've tried it but found
I started to over think my trading decisions.
  • #666
  • Dec 2, 2014 1:19pm Dec 2, 2014 1:19pm
Quoting rockypoint
Ok, it works well for you would drive me nuts too for me(at least todays YM chart is). But most important thing in trading is finding the niche which suits your psyche and it looks like you found yours. Do you look at longer range bar lengths then shorter for your entries always or just occasionally. I've tried it but found I started to over think my trading decisions.
yes, all you said is true. And yes, i am a big fan of multi time frame approach, this is my classical template:

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First trades of the day are always took looking at the big picture trend (rb7), when i achieve a good day target i start to play with rb 2 and rb 4 alone. Looking at 12 instruments concurrently i just have to wait until the best setup come somewhere and i'm in.
First rule is not to lose. Second rule is not to forget the first rule...
  • #667
  • Dec 3, 2014 7:14am Dec 3, 2014 7:14am
Today started with oil. First close is an error, i was trying to insert stop loss and i had a mess with the buttons, anyway 2 tick profit.

Second trade, good buy position for a 19 ticks profit.

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Again crude oil, counter trend scalp buy trade for 10 tick profit.

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First rule is not to lose. Second rule is not to forget the first rule...
  • #668
  • Dec 3, 2014 7:48am Dec 3, 2014 7:48am
EU sell at resistance, 4 & 6 ticks.
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Small disciplines repeated with consistency lead to great achievements.
  • #669
  • Dec 3, 2014 7:59am Dec 3, 2014 7:59am
Micro-range break out with trend for 4 & 4 ticks -
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Small disciplines repeated with consistency lead to great achievements.
  • #670
  • Dec 3, 2014 8:45am Dec 3, 2014 8:45am
Dow jones trades, 18 ticks profit.

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recap from ninja trader:

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News on crude oil, short on pullback top, 20 tick profit.

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First rule is not to lose. Second rule is not to forget the first rule...
  • #671
  • Dec 5, 2014 9:46am Dec 5, 2014 9:46am
Waited for NFP to settle in and traded divergences in trend direction for 3 solid wins
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  • #672
  • Dec 8, 2014 11:09am Dec 8, 2014 11:09am
1 Trade for me today a divergence in direction of the trend, my favorite kind of trade good for 41 ticks.
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  • #673
  • Dec 9, 2014 6:25am Dec 9, 2014 6:25am
Quick scalp trade on dow jones, 5 tick gained

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Another short on dow jones, done for the day.

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recap from ninja trader:

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First rule is not to lose. Second rule is not to forget the first rule...
  • #674
  • Dec 9, 2014 9:08am Dec 9, 2014 9:08am
4 trades for the day, have some friends visiting we're off the see the dolphins and whales after breakfast.
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  • #675
  • Dec 9, 2014 10:17am Dec 9, 2014 10:17am
Nice trading guys - I've been travelling and busy, so haven't had time to post much around here, just keeping my journal/blog up to date.

The NQ and YM have astoundingly wild moves on a 3-range chart! I used to trade the NQ from time based charts and it was obviously volatile then; but taking it down to a 3-range really shows its movement.
Small disciplines repeated with consistency lead to great achievements.
  • #676
  • Dec 10, 2014 6:24pm Dec 10, 2014 6:24pm
Don't know where this break came from, but got a nice pullback on it -
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Small disciplines repeated with consistency lead to great achievements.
  • #677
  • Dec 11, 2014 5:37am Dec 11, 2014 5:37am
Great thread. I've just started with range bar trading and its been pretty interesting and useful. The only issue I have with it is that most big swings come from fast movements whereby range bars print at an extremely fast pace to the extent of being unable to catch the move. Retrospectively the move always looks good but in real-time it may be hard to actually get in onto the move unless you're glued to the monitor.

I've subscribed to the thread and hope to be able to contribute to it sometime soon. I'm trading the majors and also looking at either the S&P or Dow.
  • #678
  • Dec 11, 2014 6:06am Dec 11, 2014 6:06am
Quoting GaryG
Great thread. I've just started with range bar trading and its been pretty interesting and useful. The only issue I have with it is that most big swings come from fast movements whereby range bars print at an extremely fast pace to the extent of being unable to catch the move. Retrospectively the move always looks good but in real-time it may be hard to actually get in onto the move unless you're glued to the monitor. I've subscribed to the thread and hope to be able to contribute to it sometime soon. I'm trading the majors and also looking at either...

Hi, nice to meet you and welcome here!

Well, for that you just need to practice for a while and you'll be able to skip the trade. Then, when candles are moving too fast it is probably in response to a news so better to stay out untill the market become calm.

These are my morning trades, very easy. Dow jones and cac 40.

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First rule is not to lose. Second rule is not to forget the first rule...
  • #679
  • Dec 11, 2014 6:35am Dec 11, 2014 6:35am
Quoting thefxpros
{quote} Hi, nice to meet you and welcome here! Well, for that you just need to practice for a while and you'll be able to skip the trade. Then, when candles are moving too fast it is probably in response to a news so better to stay out untill the market become calm. These are my morning trades, very easy. Dow jones and cac 40. {image} {image}


Wow,wow,Fausto.The master shows us the work..)Very beautiful.

Hello all.I simply repeat installations, and mine the working area will look here so now.
On truth I consider that this best is collected in it.

Best regards,
Chris.
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Imagination is more important than knowledge.
  • #680
  • Dec 11, 2014 6:53am Dec 11, 2014 6:53am
Quoting KrisBeli
{quote} Wow,wow,Fausto.The master shows us the work..)Very beautiful. Hello all.I simply repeat installations, and mine the working area will look here so now. On truth I consider that this best is collected in it. Best regards, Chris. {image}

ahahaha hey Chris! What master? ehehehe i'm still learning as we all here.

good work on the template, what range bars size are you using?
First rule is not to lose. Second rule is not to forget the first rule...
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