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Musashi replied Dec 12, 2011xx50 to xx00 level.. typical price action movement... You can see the first L/H as indicated, this is the ideal scenario for an entry.
123PatternsV6 revisited
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Musashi replied Dec 12, 2011I think you get the idea, there's certainly many uses for such patterns.
123PatternsV6 revisited
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Musashi replied Dec 12, 2011Another example of what I'm talking about, you can clearly see the areas on the chart where a change of price direction is indicated. Giving early possible signals. Obviously you will get false signals however, after a fake reversal signal a trend ...
123PatternsV6 revisited
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Musashi replied Dec 12, 2011Keep up the good work my friend, you most certainly are onto a good indicator here, I've attached it to my Range Bar chart and I'm liking the way it looks. It's very similar to what I look at when I'm looking at H/L, L/H price patterns. If I was to ...
123PatternsV6 revisited
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Musashi replied Dec 9, 2011The only problem I find with using a sloping trend line on a chart is that there's no consistency on how to draw them, unless you draw a horizontal line.
Nexas's Intraday Range Bar Trading
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Musashi replied Dec 9, 2011Sideways crap, only 2 possible trades.
Price Action and Trading Discussion
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Musashi replied Dec 9, 2011How does this chart look... looking good to me... does a decent job preventing you from trading in a ranging market too.
Price Action and Trading Discussion
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Musashi replied Dec 7, 2011Forget m1 charts... use Range Bar charts, much better... I'm using something very similar to this. Instead I'm using 100 ema, 50 ema combined with 100/1/1 stochastic above or below 50 level for trend. Stochastic 14/1/1 80/20 for pull back, RSI 5 ...
1min Tricolour
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Musashi replied Dec 4, 2011Looking fairly bearish to me.. but still price holding up at the xx00 levels.
Price Action and Trading Discussion
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Musashi replied Dec 3, 2011Thankyou. I'm intrigued by your trading system, however I was just wondering what made you want to use Renko Blocks and not Range Bars as the method for charting...
RENKO system with Mihailo!
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Musashi replied Dec 2, 2011Can you please Explain how this 3 SM indicator works please ?
RENKO system with Mihailo!
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Musashi replied Nov 29, 2011As you can see price respected that level... now someone care to explain the reason for this? Lucky maybe?
Price Action and Trading Discussion
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Musashi replied Nov 29, 2011Zooming the chart out a bit and looking at it on the M30 time frame it's celar where the previous congestion levels are. These are the significant areas to look for when price comes back to those areas. No doubt in my mind that price will struggle ...
Price Action and Trading Discussion
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Musashi replied Nov 29, 2011I think you had good justification for wanting to short after price stalled at that level. Losses happen and, you just have to make sure you stick to your planned exit point. Do not try to be proved right, just accept that you are being proved wrong ...
Price Action and Trading Discussion