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Musashi replied Dec 29, 2011Thank you, I will observe it on a chart, I am always looking for better methods to exit trades, so far the best method I use is to exit based on price levels, and move stops in direction of the trade using these price levels as the ...
"Katana Trading Strategy"
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Musashi replied Dec 29, 2011what is this Gann HiLo indicator, do you mind posting it here so I can observe it on a chart please.
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Musashi replied Dec 29, 2011When you look at inside bars on a chart, basically all you are doing is looking at a range after a move in one direction, for example on a H4 chart you have a down bar, then an inside bar forms, basically this is just a ranging period of price after ...
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Musashi replied Dec 29, 2011Forget this way of thinking my friend, you will be better off... inside bars, outside bars, doji mean nothing on range bars.
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Musashi replied Dec 29, 2011If I was you, and anybody else for that fact, I would get a range bar script and run it, and sit and watch how price moves using these bars for a few weeks. Do not trade using them, just watch them and watch them around key levels of price... Then ...
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Musashi replied Dec 29, 2011Now watch the market move another 50 pips after it hits my trailing stop..
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Musashi replied Dec 29, 2011Ah i see, yes when market goes sideways it is a mess, but the market does not go sideways forever, which is the beauty of range bars, shows symmetrical moves very well, unlike those time based bars... that's what i call a jumbled mess... it hurts my ...
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Musashi replied Dec 29, 2011Moved stop down, just in case of a big move about to happen on euro
"Katana Trading Strategy"
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Musashi replied Dec 29, 2011Do you call this a jumbled mess as well? This is how you can make money...
"Katana Trading Strategy"
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Musashi replied Dec 29, 2011Jumbled mess to some... trading platform to me..
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Musashi replied Dec 29, 2011The trend continues in the original direction... only just...
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Musashi replied Dec 29, 2011Probably a good idea to exit this trade with a small loss, seems that a possible Higher Swing Low has formed, giving reason to think about early exit. Nothing worse than being stuck in a trade going no where fast...
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Musashi replied Dec 29, 2011Appears that GU was the pair to trade and not euro.... might be a delayed move here for EU... can only hope so.. Unusual to see GU move so much and the other pairs not even move a bit..
"Katana Trading Strategy"
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Musashi replied Dec 29, 2011I still remember the days when these bars used to move this time of day... Those days will come again... can't wait.. sheesh.. Think this will be it until after the new year....
"Katana Trading Strategy"
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Musashi replied Dec 29, 2011If you want to use Renko, then use this file to make the Renko Blocks. I would not recommend using them, at the very least use them with the wicks enabled. The Renko Blocks do not give a true representation of price, unlike the Range Bars.
"Katana Trading Strategy"
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Musashi replied Dec 28, 2011This sort of momentum of price does not generally stop and reverse easily... Selling around here could well be a very good idea on EU
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Musashi replied Dec 28, 2011From profit to loss.... from xx50 to xx00 level in the market...yes it's painful to have this happen...
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Musashi replied Dec 28, 2011Sometimes the problem with trying to trail a position and capture a bigger move, invariably prices retrace right back to the entry... which is why taking profits at the xx00 and xx50 levels is a very good idea... AU and EU charts both showing ...
"Katana Trading Strategy"
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Musashi replied Dec 28, 2011when the market trends, that's when you make money... price moved xx00 to xx50 levels... this is how price moves..
"Katana Trading Strategy"