Hi Nexas, The jury's still out on whether or not waiting for the stochastic helps or not (As I mentioned in a earlier post). Looking like a bit of a wash or a slight benefit to ignoring the stochastic. Win rate's higher with the stochastic filter ...

Nexas's Intraday Range Bar Trading

You're right. That's the only way you'd miss a winning trade -- never get to ob/os. That's what happened in yesterday's potential two missed trades that I mentioned in my Jan. 12 post. However, once you do reach ob/os, you can't miss a winning trade ...

Nexas's Intraday Range Bar Trading

Hi Kadiddle, I did not see your post before I wrote mine. You're almost certain not to eliminate winners with the stochastic filter as all winning trades would have to go through a stage where both stochastics point in the right direction. However, ...

Nexas's Intraday Range Bar Trading

I've been doing a bit more work on the stochastic filter I talked about earlier. The jury's still out. I'm now almost certain it will increase win rate. However, because of its potential effect on trade size (given a fixed $ risk per trade) it may ...

Nexas's Intraday Range Bar Trading

Hi Nexas, Congrats on a nice trading day. I'm still impressed with your methodology and its simplicity. Using the 8 range bar as a guide chart for 4 range bar entries gives you an excellent reward/risk ratio. Do you ever keep a partial runner or do ...

Nexas's Intraday Range Bar Trading

Both stochastic lines don't need to have crossed back over the OB/OS lines, just pointing in the right direction. However, by waiting for both the trendline cross and directional change, they are very likely to have both crossed the lines. Nexas, I ...

Nexas's Intraday Range Bar Trading

Hi Nexas, In my first post, I mentioned that there are some filters I've used in the past that may be helpful here. While it's still only at the interesting anecdote stage, there were some differences in my trades on Jan. 11 vs. the ones you showed ...

Nexas's Intraday Range Bar Trading

Oops, my earlier post should have read stopped out, not shorted out. No electrical problems.

Nexas's Intraday Range Bar Trading

Kadiddle, In the original post that started this thread on Nov. 21, Nexas said, "Once we have this momentum we then look for the candles to start to pull back, we need a minimum of 4 candles pullback, this means we cannot enter before the 5th candle ...

Nexas's Intraday Range Bar Trading

Hi everyone. I've been lurking for a while and testing. During the US a.m. session, I traded this technique with real $ on EURUSD for the first time (8 pip range). Had a good time. Four trades, four winners at 8:20 EST, 9:14, 9:50, and 11:05 (the ...

Nexas's Intraday Range Bar Trading

If it was all purely random chance, there would be no successful long-term traders, just some occasional flashes in the pan. As I know there are traders who consistently make money year in and year out, random chance is not the problem. On any one ...

blew out another account...Just venting...

I'm actually always in the market too except for vacation times. I always take at least the entire month of August off as I've found the markets to often be very choppy then -- too many traders on vacation I guess. I'm glad you keep your risk ...

blew out another account...Just venting...

Slight correction. I meant to say I never RISK more than 4% on any one trade nor have more than 10% at RISK at any one time. The actual % invested will thus vary with the stoploss amounts. For example, if the stoploss on a GBPUSD trade is say 90 ...

blew out another account...Just venting...

My road to giving up the day job (which I did a few years ago) was long and paved with more potholes than I care to remember. Then I learned that less can be more. I now support myself by swing trading (average hold time 3.5 days) two pairs only ...

blew out another account...Just venting...

Been there, done that too -- two accounts blown. Then I discovered the joys of doing less. Now, I make a very nice living doing only swing trades (average hold time 3.5 days) on the GBPUSD and the GBPJPY using just one setup. I make less than 150 ...

blew out another account...Just venting...