So what does everyone think about Wide Range Bar analysis?

maxinger said:
This is not a joke.

You are going to get different opinions;
some valid, some questionable, some nonsensical ....


Many traders have problems with choosing an appropriate chart.

At times, the market moves very rapidly.
And that's where you have to use say 2 mins and not 5 mins chart.

For my case, I use volume and not time-based chart.
So I might have to use say 100V and not 300V chart.


Go back to Mar / Apr 2020 timeframe.
The market was moving extremely violently.
choosing the appropriate chart was very important.
More...
Ok, but if you change your candlestick timeframe to a smaller timeframe, a WRB will not "become a NRB" as you stated (unless you're including a gap). Imo, it'll become a *series* of two or more bars. And depending on your definition of what is "wide," "narrow," and "medium," it'll become a series of bars consisting of any possible combination/permutation of any or all of the three -- WRB, NRB and MRB. Never just one NRB, and very rarely even all NRBs, since by most people's definition, they simply won't "add up" to a WRB. (Again, unless you're including gaps).
 
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Turveyd said:
But always remember, Targets are only valid after they've been hit, and there might be a better target.
More...

Some use wide range bars for targets like I showed in that chart above. IF no wide range bars show up, it's a good idea to get out with a small wrb or just get the hell out if price stalls. And yes, you can hold for a PT 2 or longer if the price action warrants it so trailing your stop is a good idea. With trading ES, it likes to snapback a lot so it's usually a good thing to take a profit when it is staring you in the face.
 
maxinger said:
This is not a joke.

You are going to get different opinions;
some valid, some questionable, some nonsensical ....


Many traders have problems with choosing an appropriate chart.

At times, the market moves very rapidly.
And that's where you have to use say 2 mins and not 5 mins chart.

For my case, I use volume and not time-based chart.
So I might have to use say 100V and not 300V chart.


Go back to Mar / Apr 2020 timeframe.
The market was moving extremely violently.
choosing the appropriate chart was very important.
More...

I totally agree.
 
So what happened after the Wide Range Bar profit taking:

upload_2021-1-12_17-18-47.png
 
FortuneTeller will not post live trades of him using Wide Range Bar Analysis...he can only post hindsight chart analysis (after the fact). :wtf:

There's no edge there for him with Wide Range Bar Analysis. He should move on to another trade method. Maybe try price moving average indicators like EMA / WMA...I heard that's working well these days.

Even better, he should start a trade journal instead of posting hindsight chart analysis or delayed live calls (minutes or days late)...

Maybe he should go to E2T because I heard they are really good at helping clueless traders.

wrbtrader
 
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