Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

walterw

Range Bars vs Tick bars

Recommended Posts

I am looking at mkp work with range bars, and I am experimenting a little bit with them... seems like it makes a much cleaner chart...

 

Would like to hear what experience do other fellow traders have with range bars, thought they are not that much popular, they seem to work pretty well... thanks Walter.

Share this post


Link to post
Share on other sites

Unfortunately TradeStation does not supply range bars. I wish they did. One of the trading magazines had an article about them recently and they seem very straightforward. They are probably really good for level type trading like your flip trades, walter.

 

Alas...

Share this post


Link to post
Share on other sites
Unfortunately TradeStation does not supply range bars. I wish they did. One of the trading magazines had an article about them recently and they seem very straightforward. They are probably really good for level type trading like your flip trades, walter.

 

Alas...

 

 

Thanks for response GCB, so far the experience with this type of bars has been quite well... cheers Walter.

Share this post


Link to post
Share on other sites

I am playing around with them right now. I have Sierra and its easy to change them around. so far i have been playing with 1.0 R on the ES, 1.0 on the Er and 10 R on the Ym. the charts are amazingly clean and you can clearly see Supp/Res lines and other patterns jump out at you, almost too clearly. I have backtested all three and the ES seemed to work the best but i didnt extensively go back, that will take a while. tomorrow i may open up a 1.0R es chart with my studies alongside my regular chart and SIm the range chart. I'll keep you posted on what i'm finding if you'd like.

 

Tony

Share this post


Link to post
Share on other sites
I am playing around with them right now. I have Sierra and its easy to change them around. so far i have been playing with 1.0 R on the ES, 1.0 on the Er and 10 R on the Ym. the charts are amazingly clean and you can clearly see Supp/Res lines and other patterns jump out at you, almost too clearly. I have backtested all three and the ES seemed to work the best but i didnt extensively go back, that will take a while. tomorrow i may open up a 1.0R es chart with my studies alongside my regular chart and SIm the range chart. I'll keep you posted on what i'm finding if you'd like.

 

Tony

 

Nice Tony, we will follow your posts.... cheers Walter.

Share this post


Link to post
Share on other sites

When you say mkp do you mean Market Profile? "True" MP can only use the 30 minute TPOs, not range bars or any other bars. I tried MarketDelta with range bars and didn't like them. All I saw was a lot of noise so I found it difficult to identify new trends early as I can with time-based candlesticks.

Share this post


Link to post
Share on other sites
When you say mkp do you mean Market Profile? "True" MP can only use the 30 minute TPOs, not range bars or any other bars. I tried MarketDelta with range bars and didn't like them. All I saw was a lot of noise so I found it difficult to identify new trends early as I can with time-based candlesticks.

 

I think he means mkp as in the member mkp14 that posts here.

 

Cheers....Blu-Ray

Share this post


Link to post
Share on other sites

Now i know i must be an idiot, i see the second part of the process but i cant locate the first part, with the editor and rapidshare as to how to upload the chart.

Share this post


Link to post
Share on other sites

attachment.php?attachmentid=2002&stc=1&d=1184615636

 

My first time posting a chart... hope it works... I played with 1 point ES range bars today and if you can see the chart, you'll notice we had a fairly "markets in balance" day. We moved out of value twice and it was rejected back in value areas (blue lines) Purple and red lines are pivot points. There were only a few opportunities today. You'll notice the range bars clearly show support and resistance. R1 (top red line) was a good short back into value and the 80% rule worked as the locals drove it down to the lower value area. That was the best pplay of the day, 8 points i'll take any time. I would have taken the breakout above value to R1 but miight have only gotten a point or so out of it. I'll continue to try range bars, i like the clearly defined patterns and you'll notice much less "noise" I am not a fan of trading in the value areas so i sit onmy hands a lot. I'll keep you posted.....

 

Tony

1ptesrange.png.ad6430ab207d7b6c55e113d587c8f089.png

Share this post


Link to post
Share on other sites
Now i know i must be an idiot, i see the second part of the process but i cant locate the first part, with the editor and rapidshare as to how to upload the chart.

 

 

jajaja... now you already have 10 % IQ Tony ¡¡¡ jejeje.... nice charts there Tony, keep them coming... I see you are playing the Value areas levels... How would you use CCI on your trades ? cheers Walter.

Share this post


Link to post
Share on other sites

A little bit of Woodie and a little bit of Dr. Bob. I'll play a 50CCI (bars) cross of the 0 line and price crosses the 34 EMA at the same time. (countertrend so i dont take them all) and i'll play the 14CCI (white line) trend trade on the hook back representing a pullback from the 100 or -100 line across zero. Those are pretty high % trades. Of course if price is in the value area, i trade completely different. Value area rejections, 80% rule, or i wait for other timeframe players to enter the market on a breakout. I also have 2 other timeframe charts not listed. One is an 89T chart with regression channels and a M/A and a 15 minute chart for longer timeframe reference. I'm liking these range bars...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • WGS GeneDx stock, nice rally off the 70.67 support area, watch for upcoming breakout at https://stockconsultant.com/?WGS
    • Date: 25th November 2024. New Secretary Cheers Markets; Trump Trade Eased. Asia & European Sessions:   Equities and Treasuries rise, as markets view Donald Trump’s choice of Scott Bessent for Treasury Secretary as a stabilizing decision for the US economy and markets. Bessent: Head of macro hedge fund Key Square Group, supports Trump’s tax and tariff policies but gradually. He is expected to focus on economic and market stability rather than political gains. His nomination alleviates concerns over protectionist policies that could escalate inflation, trade tensions, and market volatility. Asian stocks rose, driven by gains in Japan, South Korea, and Australia. Chinese equities fail to follow regional trends, presenting investors’ continued disappointment by the lack of strong fiscal measures to boost the economy. The PBOC keeps policy loan rates unchanged after the September cut. US futures also see slight increases. 10-year Treasury yields fall by 5 basis points to 4.35%. Nvidia dropped 3.2%, affected by its high valuation and influence on broader market trends. Intuit fell 5.7% after a disappointing earnings forecast. Meta Platforms declined 0.7% following the Supreme Court’s decision to allow a class action lawsuit over the Cambridge Analytica scandal. Key events this week: Japan’s CPI, as the BOJ signals a possible policy change at December’s meeting. RBNZ expected to cut its key rate on Wednesday. CPI & GDP from Europe will be released. Traders will focus on the Fed’s November meeting minutes, along with consumer confidence and personal consumption expenditure data, to assess potential rate cuts next year. Financial Markets Performance: The US Dollar declines as US Treasuries climb. Bitcoin recovers from a weekend drop, hovering around 98,000, having more than doubled in value this year. Analysts suggest consolidation around the 100,000 level before any potential breakthrough. EURUSD recovers slightly to 1.0463 from 1.0320 lows. Oil prices drop after the largest weekly increase in nearly two months, with ongoing geopolitical risks in Ukraine and the Middle East. UKOIL fell below $75 a barrel, while USOILis at $70.35. Iran announced plans to boost its nuclear fuel-making capacity after being censured by the UN, increasing the potential for sanctions under Trump’s administration. Israel’s ambassador to the US indicated a potential cease-fire deal with Hezbollah, which could ease concerns about Middle Eastern oil production, a region supplying about a third of the world’s oil. Russia’s war in Ukraine escalated with longer-range missile use, raising concerns about potential disruptions to crude flows. Citigroup and JPMorgan predict that OPEC may delay a planned increase in production for the third time during their meeting this weekend. Gold falls to $2667.45 after its largest rise in 20 months last week.Swaps traders see a less-than-even chance the central bank will cut rates next month. Higher borrowing costs tend to weigh on gold, as it doesn’t pay interest. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • SNAP stock, big day off support at https://stockconsultant.com/?SNAP
    • SBUX Starbucks stock, nice breakout, from Stocks to Watch at https://stockconsultant.com/?SBUX
    • INTC Intel stock settling at 24.25 double support area at https://stockconsultant.com/?INTC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.