Wednesday, March 16, 2011

Rangebars

Im introducing you to a new concept - trading with range bars.

What this means is that time does not matter - price does. In this hourly chart of ABB each price block is 5 Rupees. Once the block is complete

This chart can be used to trade positionally

Here is the range bar chart - we've used a simple MA to enter long / short- Using supports / resistances play a key role here


Here is the regular chart for the same price range