The power of range bars

In this case. GBP NZD I use 10 BarsRange. But for such volatile,crazy couple, it very quickly also does many pips. It is possible to put quietly and all 20.

Well, what I think the main thing in it?
It without loss.
Only the position left in plus, at once we move stop loss on zero. Farther it is more.
Brought down zero? OK. No problem. We come once again on a signal.

without loss??




this trade has been caught betting on the trend of range bars 7 pip chart. It is a bit less precise entry but the main trend has done the rest. Ftse.

I don't argue =)
I speak, about an ideal
But I too don't listen to myself

Always lookin' left...


A couple more. This is an old template I used about a year or so ago. I kind of like it, although most of the stuff is unnecessary now. It took awhile to figure out what the purpose of the indicators was. It wasn't so much to create trade entries, but to provide more structure to the entries that exist in the price. You look at all these 'systems' on FF and any trading site really, and the successful thread creator presents an almost mechanical system, but then tells everyone that 'Price action' is what matters most and all trades must be confirmed with 'Price action'. Eventually, the indicators I think are unnecessary.


For example, in this trade, its clear the trend has changed by the EMAs. However, its also clear as the last swing high has been surpassed, thus indicating a trend change without the indicators. The fast CCI pulls back below 0 while the slow CCI is still above 0, but the entry does not "work" because of them. Price finds support at the micro-range created in the process of traders breaking that last swing high. A rejection is likely, hence the trade. And by using the price support as the entry trigger alone, my first exit is where the "confirmed" [range bar close up] entry would be.

i know well what you're trying to say and i agree at all. I think that this is a side that everyone who starts using range bars will note. Especially with low range bars size chart as main trading chart with an higher size as long term timeframe you will clearly note how price action is clearer than time based charts.

Me too i was and maybe i am still now in conflict between using always naked charts and trying to add some indicators in order to create a visual aid to my trading decisions. With the time and confidence i started to use both things. That means that quite often i "contradict" indicators signals in my entries (and if you look some screenshot of mine youwill see).

But the truth is that learn the price action is the key, you're right.

I get it... I still play around with charts a lot, but always end up coming back to the naked chart. The indicators can help from 'seeing extra setups' on the naked chart, but can also distract. I also feel like I know, to some extent, what the indicators would look like at a given moment.

In the end, it really doesn't matter. Making money matters. I just find it interesting how traders progress; some move fully to naked charts, some use the same indicators they used all along, but are quick to admit that the indicators mean nothing without the right 'context'.

A couple more - pullback to support, no confirmation, and a deeper pullback, with confirmation.

i know i repeat myself but you're very impressive scalper, i'm learning a lot from you and i'm glad that you are enriching this thread .

very very good trades, the state of art of the scalping the range bars charts!

just a question, how do you determine your exits?

Just completed a trade USDJPY through a channel breakout with a 1:2 RRR. I'm using 4 pip range bars. However a point to note is that I'm just demo trading at the moment as I'm new to range bars. Just wanted to contribute to this thread as it has been really helpful in introducing range bars to me.

Have a good weekend ahead

Thank you FX.. I'm doing alright. I need to work on bettering my average profit per trade, but I appreciate the compliment.

As for exits, I have an ATM strategy built in to Ninja - 2 positions, 4 tick target on the first, 24 ticks on the second, 8 tick initial stop (which I typically will pull up pretty quickly). I will usually take 4 ticks on the first, unless we have a good trend, in which case I might extend that out. Either way, once the 4 ticks is hit, I move the stop on the second to -4.

If its my first trade of the day, I'm typically just trying to reach my minimum goal which is 10 total ticks (not average), so that's 4 on the first and 6 on the second. Then any trade after that I might be a bit more lenient in what I look for. When I set targets that aren't fixed (i.e. based on profit), I will look to the next area of potential resistance. This could be a support level turned resistance on a deep pullback (like that last trade posted yesterday), this could be the previous swing high if trading a pullback in a trend, etc.



Looking at my last chart posted, these are the reasons for the exits (left to right):
1) countertrend - hard target of 4 ticks on first, second moved to BE
2) with trend - hard target of 4 ticks on first, second was the bottom of that microrange formed at the swing high prior to the pullback
3) with trend - target the middle of the range in between my two lines, second target was the other side of the range (taken out at BE)
4) with trend, deep pullback - target the broken support where my previous trades was.

Hope it makes sense -

As for this morning, woke up to the potential breakout, but new it could be a fake, so entered half position there. It did fake everyone out, but pulled back to support where I entered my full position (stop below the bottom gray line). That trade alone was double my target. Then after I got out, I realized I wanted to be back in, so bought again. Yesterday's POC is right here (magenta line) so I tried to give the first trade a little room to run, but ended up with a BE on the last part of it. The second trade I decided to just take first target on both pieces (4 & 5 ticks).


The next decision point will be 1.2464-68 where I might short, or might look to get long once it breaks. On the other hand, its Friday, and I've more than double my target for the day so if anything, its a reduced trade size now.

EDIT: One consideration I overlooked while in trades was that we opened below Value, broke into value, and the likely outcome is the test of the top of the Value (68) with a pitstop at the POC. We'll see if that happens, but could have helped hold that last trade a bit. The whole value distribution thing is a little less accurate in a 24 hour market without accurate volume information. It would be better if I could split the distributions, but hate paying for indicators.

One more for 4 & 7 ticks; was watching EJ scream up, and the EU had a quick turn so decided to try to find a fill in it. That'll be it for the week -



Meanwhile I switched on my autotrader on EJ so I could get some entries - the result was fantastic. Its still in a long position which I'll probably close now -



And couldn't help it, but traded the breakout of the little micro-range that formed following the break of that previous high. I tried to give the second position room to go, but just ended up getting out at +1, once it came back into the box that I traded the breakout from.

One more reversal from the failed breakout - first target at 4 ticks, second just hit for 11. Now I really need to do some other work, done pushing my luck for today!



Alright, really, last one... same trade as before; +4 and +11

First trades is a bad trade closed at breakeven. Second trade good sell for 25 ticks profit, both on dow jones.

Should have been trading the Dow... EU is dead this morning. Three first targets, and a handful of ticks on the second targets.

EDIT: Quick trade off the support. Took both out at first target, need to get moving on with my day.

again...2 good trades! very volatile days...

heres a laugh for you, I did some playing around yesterdays with charts trying new ideas out which i do on my paper money account. I just found out when i posted my trade for today that my $500 is not real, I forgot to switch back to my real account when I started today. So you can teach an old dog new tricks!

Good trading morning! 2 trades, 2 wins, both countertrend trades

What was the reason for the entries? Trendline breaks?

Hi demos!

well i saw some signs of exhaustion of the trend and i tried the short at first rejection

Let's see this other short trade:




stop loss almost hit, price starts to range and closed with a 5 ticks profit.