Range bar cloud scalping method | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

3 Bar Fractal with mid-bar and bar on each side 11 replies

Change indicator narrow range bar NR4 to wide range bar WR4 0 replies

Range bar/Renko bar chart not working 5 replies

How do I determine what size range bar is comparable to a daily bar? 6 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: Range bar cloud scalping method
Exit Attachments

Range bar cloud scalping method

  • #101
  • Apr 19, 2017 2:11am Apr 19, 2017 2:11am
Quoting forex_dimi
This time I see multiple open trades in Dax (1 trade with multiple lots, short at 20), but according to this system, those trades shouldn't be triggered. Could you help us with a chart later?
That is a lesson how you let a trading robot wipe out your account in one session!!!! thought I had it trading right but it was opening and closing trades all over the place and then I added to it by taking some manual trades haha...
to be honest I'm quite relived! I have spent far to much time messing around with this EA and now I can get back to trading this manually again. EA's are fun in the strategy tester but ive never seen one work the same way when it comes to forward tests
  • #102
  • Apr 19, 2017 2:15am Apr 19, 2017 2:15am
3 loosing trades so far this morning, 2 of them very bad trades imo.

Attached Image (click to enlarge)
Click to Enlarge Name: ger30-ig-group-limited.png Size: 65 KB


1st trade, Cant see much wrong with this, there was no immediate resistance there, however the trend on the 15 min was down and we seemed to be quite far already in a retrace.
2nd trade, same as above, but i opened my position much too late, i saw price jump up there and should not have opened that trade.
3rd trade, wasnt a proper pullback into the ribbon, also selling into a 00 number, bad trade.

Well lets see what the rest of the morning brings
  • #103
  • Apr 19, 2017 2:31am Apr 19, 2017 2:31am
Another loss, down 25 points, terrible choppy price action at the moment!
  • #104
  • Apr 19, 2017 2:34am Apr 19, 2017 2:34am
Quoting Hazza88
Another loss, down 25 points, terrible choppy price action at the moment!
Just about to drop the kids at school but when I am back I will post a chart up with my thoughts on this morning so far
  • #105
  • Apr 19, 2017 2:39am Apr 19, 2017 2:39am
@Hazza88,
Personally the first 2 longs you took don't see the reason. In the 1st one fast ma was below medium one. The 2nd one could be bad lack (market gave signs that would go down earlier and you could cut your losses), the 3rd short? was ok in my eyes (not familiar with this system), why didn't you close the order at 12.000? Round important number.
  • #106
  • Apr 19, 2017 2:47am Apr 19, 2017 2:47am
Finally a winner for 10 points, even though were in consolidation, saw we had room to the bottom of the range, so now 15 points to recover. PA could remain rangy above this BRN for quite a while.

Attached Image (click to enlarge)
Click to Enlarge Name: ger30-ig-group-limited.png Size: 77 KB
  • #107
  • Apr 19, 2017 2:49am Apr 19, 2017 2:49am
Quoting forex_dimi
@Hazza88, Personally the first 2 longs you took don't see the reason. In the 1st one fast ma was below medium one. The 2nd one could be bad lack (market gave signs that would go down earlier and you could cut your losses), the 3rd short? was ok in my eyes (not familiar with this system), why didn't you close the order at 12.000? Round important number.
I understand that the first trade was valid? will be good to hear fishbo's thoughts when he returns, and yeah should of closed the last one at the 00
  • #108
  • Apr 19, 2017 3:22am Apr 19, 2017 3:22am
The 1st trade (in my eyes, I am not familiar with this system, just now learning it) was wrong. Ma's were not is order (fast ma below medium ma)
The 2nd trade was aggressive, but more or less according to what I understand. PS In that trade you should had taken into mind that market had hit the 25-26lvl twice, thus was a risk.
The 3rd trade was fine (I was much more aggressive), BUT I believe you took it around 3-4 lvl? With target 00lvl that didn't have much room
The 4th trade was fine (I believe that you closed that manually at 5-7pips loss?
The 5th trade was rather aggressive, but was a win.
  • #109
  • Apr 19, 2017 3:30am Apr 19, 2017 3:30am
PS in the 2nd trade you weren't wrong, just unlucky. In most cases when DAX open with gap, then it continues the "trend". Today it opened with gap for long positions , but it seem that bears are rather strong this period.
  • #110
  • Apr 19, 2017 4:15am Apr 19, 2017 4:15am
2 more losses, -27 points for the day so far

Attached Image (click to enlarge)
Click to Enlarge Name: ger30-ig-group-limited.png Size: 71 KB


(I always put the red vertical line one candle after my entry candle on the chart)
  • #111
  • Apr 19, 2017 4:17am Apr 19, 2017 4:17am
Fishbo81, posting a trade in order to tell me if it was right or wrong the time took it. Target was 16(todays open price)
Disregard the SL shown in the chart (50pips), this is only for the trade manager, not the real one.
I could have taken the trade earlier at 23-24, but wanted to stick to the "rules"- if I understand them well
Attached Image (click to enlarge)
Click to Enlarge Name: ger30-m3-triple-a-investment.png Size: 160 KB
  • #112
  • Apr 19, 2017 4:23am Apr 19, 2017 4:23am
Quoting forex_dimi
Fishbo81, posting a trade in order to tell me if it was right or wrong the time took it. Target was 16(todays open price) Disregard the SL shown in the chart (50pips), this is only for the trade manager, not the real one. I could have taken the trade earlier at 23-24, but wanted to stick to the "rules"- if I understand them well {image}
Looks like we were in the same trade, unlucky, (assuming you didnt close it early?) All looks good according to the rules, if you look at the 15 min chart it was off a supply area from yesterday too so more of a fall was expected...
  • #113
  • Apr 19, 2017 4:30am Apr 19, 2017 4:30am
Quoting Hazza88
Finally a winner for 10 points, even though were in consolidation, saw we had room to the bottom of the range, so now 15 points to recover. PA could remain rangy above this BRN for quite a while. {image}
its a bit messy so I hope it all makes sense. it is a shame the first trade of the day was a winner so we all should have ben done within the first 15 mins
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (80).png Size: 235 KB


my chart looks different to yours though

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (81).png Size: 55 KB
  • #114
  • Apr 19, 2017 4:35am Apr 19, 2017 4:35am
Quoting fishbo81
{quote} its a bit messy so I hope it all makes sense. it is a shame the first trade of the day was a winner so we all should have ben done within the first 15 mins {image} my chart looks different to yours though {image}
Thanks for the feedback fishbo, much appreciated. So im currently sitting down 27 pips, what do you normally do in this situation?

We have last weeks high just above us and an important fib level, overall price has struggled getting here so im hoping that we could get some great selling momentum to continue with the longer trend. (Im wondering if analysis like this is even important to you when you're trying to achieve just 6 pips?)
  • #115
  • Apr 19, 2017 4:36am Apr 19, 2017 4:36am
Quoting forex_dimi
Fishbo81, posting a trade in order to tell me if it was right or wrong the time took it. Target was 16(todays open price) Disregard the SL shown in the chart (50pips), this is only for the trade manager, not the real one. I could have taken the trade earlier at 23-24, but wanted to stick to the "rules"- if I understand them well {image}
Sorry where was the entry
  • #116
  • Apr 19, 2017 4:37am Apr 19, 2017 4:37am
Quoting Hazza88
{quote} Looks like we were in the same trade, unlucky, (assuming you didnt close it early?) All looks good according to the rules, if you look at the 15 min chart it was off a supply area from yesterday too so more of a fall was expected...
not for 0.5pip!!. Was ready to close it at 4.5pips, but believed that market will give little more
PS even now the system produced a long entry, I am not convinced for long.
PS2 I have finished rather early (the short just before London open), just now taking demo trades to get familiar with the system
  • #117
  • Apr 19, 2017 4:43am Apr 19, 2017 4:43am
Quoting fishbo81
{quote} Sorry where was the entry
The lined one
Attached Image (click to enlarge)
Click to Enlarge Name: ger30-m3-triple-a-investment.png Size: 150 KB
  • #118
  • Apr 19, 2017 4:49am Apr 19, 2017 4:49am
Quoting Hazza88
{quote} Thanks for the feedback fishbo, much appreciated. So im currently sitting down 27 pips, what do you normally do in this situation?
don't do what I did this morning which is to take a bunch of trades all at the same time and just hope for the best.
price action has been pretty bad this morning I personally im off to work in a sec but I would suggest staying out and waiting for better movement. I will be starting again tomorrow with a new account and sticking to the rules. no more ea's and try and write up the rules a bit better for everyone... including trades that can be taken at discretion. if we can figure out which ones have the best chance of success then we will all have a nice method to trade with
  • #119
  • Apr 19, 2017 5:04am Apr 19, 2017 5:04am
Quoting forex_dimi
{quote} The lined one {image}
not valid I'm afraid

for a short price must move to below the cloud, then a white candle must close inside the cloud (or at least on the green line), then you take the first red candle that closes DOWN and below the cloud.
green MA should be below orange and red MA (unless price action has been good moving through the cloud... lower highs, lower lows)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (82).png Size: 46 KB
  • #120
  • Apr 19, 2017 5:10am Apr 19, 2017 5:10am
Quoting forex_dimi
{quote} The lined one {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (82).png Size: 52 KB
0 traders viewing now