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Range bar cloud scalping method

  • #121
  • Apr 19, 2017 8:26am Apr 19, 2017 8:26am
Wow, 3 more losses, so thats 9 losses and 1 winner today (down 46 pips)

Attached Image (click to enlarge)
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(red vertical lines always 1 bar after entry)

Was pretty shit price action today and should of stayed out.
  • #122
  • Apr 20, 2017 2:15am Apr 20, 2017 2:15am
That was a slow Frankfurt. got my 5 pips in the first trade though. even if it did take London open to finally get it there
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  • #123
  • Apr 20, 2017 3:17am Apr 20, 2017 3:17am
Those 2 longs (vertical re lines), would be according to this system?
edit: 1st long 1 bar later.
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  • #124
  • Apr 20, 2017 3:43am Apr 20, 2017 3:43am
Quoting forex_dimi
Those 2 longs (vertical re lines), would be according to this system? edit: 1st long 1 bar later. {image}
the first one no
the second one is not really by the rules but I would have taken it based on price action.
if I get some time after work I will post the rules again with charts and include my rule exception trade
  • #125
  • Apr 20, 2017 4:28am Apr 20, 2017 4:28am
todays chart firstly with range bars set to 300

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VS renko set to 200

Attached Image (click to enlarge)
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I feel chart 2 is a lot easier to trade

I may post up rules for both later
  • #126
  • Apr 20, 2017 4:42am Apr 20, 2017 4:42am
I would tend to agree Fishbo81 about Renko being easier to read than Range. I initially started with Range bars but then moved onto Renko and Mean Renko - i personally feel its alot simpler to read and alot smoother as well.

Good job.
  • #127
  • Apr 20, 2017 9:31am Apr 20, 2017 9:31am
Renko bars don't have real closes, range bars do. It's not a matter of "like". It's a matter of real-time price slippage on the signal.
  • #128
  • Apr 20, 2017 10:21am Apr 20, 2017 10:21am
Quoting CLTrader
Renko bars don't have real closes, range bars do. It's not a matter of "like". It's a matter of real-time price slippage on the signal.
Forgive my ignorance here but could you elaborate on this. I thought the main difference between range bars and Renko was that range bars have a dynamic close where as renko bars have a fixed close.
  • #129
  • Apr 20, 2017 10:28am Apr 20, 2017 10:28am
I thought that renko bars are based on fixed price movement
  • #130
  • Apr 20, 2017 4:54pm Apr 20, 2017 4:54pm
I hope this method won't go to graveyard...
  • #131
  • Apr 20, 2017 4:58pm Apr 20, 2017 4:58pm
Quoting ghostman10
I hope this method won't go to graveyard...
I'll be up at 7 trading it
  • #132
  • Last Post: Apr 24, 2017 9:45am Apr 24, 2017 9:45am
Quoting fishbo81
{quote} I'll be up at 7 trading it
No new trades today OP?
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