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Hello IF, PA works on any kind of chart. Range bars are also called momentum bars. The speed with which the bars print give you a good feel for the momentum of a move. When you see bars printing instantaneously, DON'T TRADE. There is no low risk way to enter a fast moving market. That...

Sorry, wrong chart.

Sorry, forgot to upload the chart.

HI IF, You tried to trade the 1st one and lost money. What was your entry technique? What was your profit target? I put 2 white arrows on your chart where prices bounced off Support. Both of those moves (32 and 33 ticks) were tradable if you were looking for a scalp and had a good...

Who said trading wasn't hard work? If you are looking for easy money, you are barking up the wrong tree. Bill

Hi IF, Let me add my 2¢. Your entry and exit techniques leave much to be desired. Trendlines per se are not part of price action. PA is not about following rigid rules, it is a discretionary form of trading. You have trading guidelines and you use PA to fine tune entries and exits...

Volume is useful in combination with prices but the patterns are not repeated exactly because the MM try to disguise their activity and simplistic rules like "volume increased on an up bar so prices are going higher" don't work consistently because there is a lot more to it. Bill

Hi IF, Your view of volume is too simplistic. If it were that simple, everybody would be rich. The most valuable use of volume is in discerning what Smart Money (aka Market Makers, Floor Traders, the Floor, Strong Hands) are up to. A frequently quoted statistic is that 90% of retail...

It seems to me your view of noise is really Maximum Adverse Excursion. I suggested in a previous thread that analyze your MAE. If the market consistently moves a large amount against your entry point, that is not noise, that is poor entry. One way to deal with that problem is to wait for a...

What is your definition of noise? What Mike is suggesting is not a trading method but a training exercise. You are trying to get 1 tick of profit before taking a 2-3 tick loss, you do it by moving your profit target toward your stop. Your profit target starts at entry+1 after a short waiting...

Hi IF, Before I answer your questions let me make a few comments. Nobody KNOWS what the market will do next, but with experience you can know that under some circumstances the market is likely to behave a certain way and that gives you a trading edge. What trading is mostly about is risk...

Hi IF, Attached for convenience is one of your posted charts. I am using this chart for illustration because it is similar to a previous chart I commented on. 1. You are still ignoring S/R. 2. You are still ignoring PA. 3. You are ignoring guidelines I gave you. 4. You're unwilling...

In a previous post, I already mentioned Lance Beggs essay (I think the title is something like Top Down Trading) and website. He trades between support and resistance using candlestick formations (no indicators). There is a lot of useful free trading info on his site. Toni Hansen wrote...

Hi IF, I understand what appeals to you about trading mechanical systems. They are simple, you don't have to think, just follow the rules. It takes the pressure off when trading. The problem is that they do not 'work' really well. What that means is they have big drawdowns because they are...

I don't know what set of rules you used for your backtesting but if you are not following all of jjrvat's rules and guidelines, you are not testing his system. This is not a MA trading method. The MA's are supposed to aide you in seeing price action until you don't need them anymore. In...

Hi IF, You are not following jjrvat's rules/guidelines. This is a scalping thread. Here are 2 quotes from page 1: "scalping (= meaning an average of 1 to 6 pips MAX per trade)" "The first factor for a scalper is to understand in which part of a wave is the market...The only rule of...

Let's say your unit is 1 contract so you are using 3 contracts for each trade. A 4-6 tick stop will generate a 12-18 tick loss. The purpose of a catastrophic stop is to protect you on occasions when something unexpected occurs (power outage, dropped Internet connection, computer crash...

If you let your greed get the best of you, you will keep widening your stops so as not to miss any moves. The above strategy is a very low risk strategy for entering trades. What you are looking for are trades that quickly move in the expected direction. If prices do not quickly move in the...

That's correct. That's why trade selection, a smallish 1st target, and the ability to read price action is critical to the method's success. You need about 75% winners for the strategy to work well. Also about 30% of the time, the market will hand you a big win which is where you make most of...

I like the following Trade Management strategy. It is not suitable for everybody but depends on taking trades at S/R (either breakouts or reversals) Enter with 3 units. Initial catastrophic stop is 4-6 ticks based on volatility. Goal: never let the catastrophic stop get hit, exit based on...