Bar Action - Page 2

Shahzadfx · #11 (**permalink**) 03-27-2006, 03:58 PM

Quote:

Originally Posted by Shahzadfx

Hi all,
This is not a perfect setup of my idea but still little variation is acceptable.
The previous daily upward range is already broken, however the current daily upward range is broken with action bar and then i trend made perfect setup of trade. What i do is enter on bb middle line on 2nd action bar but more aversive action is to wait for new bar to appear. Exit is discreationary. What i do is 30 stop loss with 15 trailing stop. This action bar concept most of the time gives support to this stop loss action. Or hight of the action bar with trailing stop.
Any further question will be appreciated.
Rgds,
SFX

This is what i was hoping.

Shahzadfx · #12 (**permalink**) 03-27-2006, 04:08 PM

Quote:

Originally Posted by Shahzadfx

Will it work!

Little explaination.
Rgds,
SFX

Shahzadfx · #13 (**permalink**) 03-28-2006, 04:56 AM

Here is another trade idea.

Shahzadfx · #14 (**permalink**) 03-28-2006, 04:17 PM

how it works.
rgds,
sfx

Shahzadfx · #15 (**permalink**) 03-28-2006, 07:26 PM

Quote:

Originally Posted by Shahzadfx

Here is another trade idea.

I like that.

Shahzadfx · #16 (**permalink**) 03-31-2006, 01:17 PM

Bar action is reversal of trend. It gives for sure some pips, based on intensity of its action. The action bar breaks the previous daily range (some times current session range) and next bar comes back with more voilatility.
My thinking process behind this trading strategy is very simple.
Big players most of the time surprise the market by reversing it against the big trend to eat up small trader stop losses those who enter late or they reverse it for real or some time the square their positions due to uncertinity.
When market is ranging then it is more effective as most of the traders put stop loss below the range so they eat it up first and then start trending or even ranging again.
This is what i feel about big players.

Rgds,
SFX

Shahzadfx · #17 (**permalink**) 04-04-2006, 04:38 AM

More then three forth (3/4) of the time if action bar reversal touches middle line of BB it is not going back towards stop loss.
In given picture short took place at middle of BB. It is more then 3/4 chance that it will not go back (up) again. Therefore i have confidence that action bar trade will give pips for sure. I am thinking about to have a request for an ea.

Regards,
SFX

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