Taming the Trend
Is about taking a piece out of the intraday range, using range bar only
Continuing from..... https://www.forexfactory.com/showthr...=681893&page=8
Using Range Bars and ADR 14
Call it trend following, counter trend trading, breakout trading,
What matters is that once you see the picture, you will know. you won't guess.
Range bars clearly show beginning and end of moves based on daily ADR,
I call it 'Taming the Trend'
I trade live account and i try to capture 40 pips daily out of 130pip daily ADR
ENTRIES: In most Range Bar Systems, I noticed alot of these systems are based on 3bar reversal. ( COUNTER TREND TRADING Possbily).
IN THIS SYSTEM WE ENTER ON THE 2ND BAR WITH THE TREND DIRECTION ( NOT THE OPPOSITE). By the 3rd bar we are out already
Meaning we wait for a completion of the 1st bar and then enter on the 2nd bar
Do i enter right a way? No. I wait for pullback of few pips... \
Note: sometimes in volatile times, price shoots without pullbacks.
Do i front run? yes and no depending how much more move left .. if it is really the first bar of the day.. hell yes i front run
Do i add to position?... that also depends. Usually no enter heavy full size and exit all at once.
do i always capture 45 pips.?. No lol as easy as it sound. i m capturing on average 25 a day. but im still practicing. but that is due to the trader's ability trading the system (That would be Me) but I will improve. This system is as good as I am
Does range bars strategy have potential, Im a trader and only trade intraday ranges. The trader becomes focused on current action. and not trying to pick tops and bottoms. The market moves 100+pips daily. I promise you it will move another 100+ tomorrow in some direction and thats everyday.
I ask myself how much of todays ADR has market moved?
And did it move in compliance with the trend? or
Is it in a pullback?
I traded when times we had to execute trades over the phone. Charts were luxury. So yes for me ranges will do it.
For Predicting tops and bottoms, analyst can do that better than anyone else
I will keep updating this. but i ask people to comment, share, and ask questions.
Is about taking a piece out of the intraday range, using range bar only
Continuing from..... https://www.forexfactory.com/showthr...=681893&page=8
Using Range Bars and ADR 14
Call it trend following, counter trend trading, breakout trading,
What matters is that once you see the picture, you will know. you won't guess.
Range bars clearly show beginning and end of moves based on daily ADR,
I call it 'Taming the Trend'
I trade live account and i try to capture 40 pips daily out of 130pip daily ADR
ENTRIES: In most Range Bar Systems, I noticed alot of these systems are based on 3bar reversal. ( COUNTER TREND TRADING Possbily).
IN THIS SYSTEM WE ENTER ON THE 2ND BAR WITH THE TREND DIRECTION ( NOT THE OPPOSITE). By the 3rd bar we are out already
Meaning we wait for a completion of the 1st bar and then enter on the 2nd bar
Do i enter right a way? No. I wait for pullback of few pips... \
Note: sometimes in volatile times, price shoots without pullbacks.
Do i front run? yes and no depending how much more move left .. if it is really the first bar of the day.. hell yes i front run
Do i add to position?... that also depends. Usually no enter heavy full size and exit all at once.
do i always capture 45 pips.?. No lol as easy as it sound. i m capturing on average 25 a day. but im still practicing. but that is due to the trader's ability trading the system (That would be Me) but I will improve. This system is as good as I am
Does range bars strategy have potential, Im a trader and only trade intraday ranges. The trader becomes focused on current action. and not trying to pick tops and bottoms. The market moves 100+pips daily. I promise you it will move another 100+ tomorrow in some direction and thats everyday.
I ask myself how much of todays ADR has market moved?
And did it move in compliance with the trend? or
Is it in a pullback?
I traded when times we had to execute trades over the phone. Charts were luxury. So yes for me ranges will do it.
For Predicting tops and bottoms, analyst can do that better than anyone else
I will keep updating this. but i ask people to comment, share, and ask questions.
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