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Range Bars for Scalping?

  • #21
  • Mar 30, 2011 9:12am Mar 30, 2011 9:12am
hi there tim, thnks for the reply. Actually i do ignore time charts. they are obsolete. but i do use the 1 min time frame to monitor volatility. yea, ive tried barry's,fractals etc. but they are just not my kinda thing(messy). its actually price and their levels that we must monitor if u are an active trader.

here is an example of my chart.
25 Range Bars
20 ema + 80,100 levels. - s/r
25, 100 lines - prices tend to move @ this area.

2nd image is where i have the 1 min chart on..

You can actually see where the smart money is..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Capture.jpg Size: 72 KB
  • #22
  • Mar 30, 2011 10:17pm Mar 30, 2011 10:17pm
Wow, thanks for showing your chart trader2310!
It looks like a clean professional set-up, I'm sure you do great!

Your right about the barry s/r being messy on the chart. Thats why I won't post a screen shot to spare everyone the headache, lol.

What's interesting is the use of 80, and 100 levels on your 20 ema, good way to create your preferred sized envelope bands. Also I like the idea of the 100 and 25 pip horizontal lines,, after all, your using 25pip range bars!

great set-up, thanks for sharing...

I am experimenting with pivot points, as I don't know much about them yet, but If I find anything useful for the range bars I will post here.

~Tim
  • #23
  • Mar 31, 2011 2:15am Mar 31, 2011 2:15am
Quoting tim112779
Wow, thanks for showing your chart trader2310!
It looks like a clean professional set-up, I'm sure you do great!

Your right about the barry s/r being messy on the chart. Thats why I won't post a screen shot to spare everyone the headache, lol.

What's interesting is the use of 80, and 100 levels on your 20 ema, good way to create your preferred sized envelope bands. Also I like the idea of the 100 and 25 pip horizontal lines,, after all, your using 25pip range bars!

great set-up, thanks...
No prob tim, btw, i've change a bit of the setting as i traded along. using the 30 ema with 50,80,100 levels and our good ol' friend 200 ema works even better i suppose. if prices are within the 50,80,100 levels, its kinda "walking the band". if prices bounces off 50 level, then u might get a clue where prices are heading. pivot indi's are great, there so many out there.. just didnt know which one works best for the setup..
Happy Trading Tim..
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  • #24
  • Apr 13, 2011 4:39pm Apr 13, 2011 4:39pm
Quoting tim112779
I saw the Mr. Nimms strategy at tsd, but I didn't follow that strategy, I just put a 30per MA on the chart with Heiken Ashi candles, got lucky on the first day demo-ing with them for 100pips. after that I thought I can just enter on the form of a new candle in the oposite direction and got wipsawed around, so I kept trying new things until I placed the fractals on my chart, or better yet (barry support and resistance) and have been able to scalp a few after a higher high/lower low like you said. I usually try to capture more pips by exiting on fib extensions, but it's funny coz I can't help looking at time based charts, and they always make me nervous so I close out my posistion way to early (almost everytime, i hate it,, lol)
Yeah, I tried a bunch of stuff and methods too. After finding the last one it felt more "correct" to me and and stuck with it. Changing it up to fit my own style as I went along.

I don't like the time based charts either, hah. They are much harder for me to figure out when to enter/exit. Others have success with them but it's range bars all the way for me!
  • #25
  • Apr 13, 2015 6:15am Apr 13, 2015 6:15am
http://www.forexfactory.com/showthre...47#post8200647
  • #26
  • Apr 13, 2015 1:24pm Apr 13, 2015 1:24pm
Guess I'm lost This was literally like reading Greek for me.
  • #27
  • Apr 13, 2015 1:35pm Apr 13, 2015 1:35pm
Quoting davidcraigso
Guess I'm lost This was literally like reading Greek for me.
dear david,

Its okay. I fixed it. Read little about Range Bars first. Most of us are fighting with big and small candles. wont it be more nicer if all bars are of same size and either they go up, down or sideways. this is the key to it.

http://www.forexfactory.com/showthre...33#post8202433
  • #28
  • Apr 13, 2015 6:14pm Apr 13, 2015 6:14pm
They have worked well for me in the past
Demo millions
  • #29
  • Last Post: Jan 5, 2021 11:50am Jan 5, 2021 11:50am
Trading is an art. If you can make trading perfectly you can become rich. Forex is the sea of money. You have to just make a plan to make money from this market.
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