Range Bars--a New Approach To Technical Analysis

Hello Traders, What you are about to read in this special report is unlike any report you've seen before....we are about to expose the fact that time based charts... 5 min, 15 min etc are obsolete. We're not saying this to sound clever or to shock you...it's just a fact and we hope you read the entire report to see why we strongly believe time based charts are no longer useful for daytraders.

In order to make such a bold claim, we will back it up with proof. Below you will find side by side chart examples showing the out of date time based charts vs. the future of charting.

Before we get to the detailed examples, we want to discuss the small snapshot above. You can see how choppy time based charts are compared to the new charts. The pictures above are taken from two charts, same pair...on the left is the time based chart, on the right the new and improved way to read charts. A white line is drawn to illustrate the same price action of each chart. Which chart would you rather trade with? The one that breaks down price

and gives earlier, better entries or the chart that lags....should be a simple answer, and it is...yet soooo many people are still falling behind and trading with lagging, time based charts. They are getting false signals and wonder why they can't be consistently profitable when they trade.

Example #1

The picture above shows a prime example of how time based charts are an outdated method for picking entry points. The white diagonal line on both charts shows the same price movement. Notice how smoother the chart on the right looks...less extreme highs and lows, less choppy = easier to trade/fewer false entries. The green circle on the right chart shows the triggered entry point....notice that the MACD on the time based chart triggered an entry much later...to the tune of over 20 pips....using the chart on the right would have allowed you to

be exiting with a 20 pip profit while the 5Min chart was just entering. The genius behind this method is to be ahead of the curve...to be able to get long or short at a better price....consistently.

Example #2

In this example we show the AUD/JPY pair... the lagging 15 Min chart on the right...the future of charting on the left. We drew two white vertical lines to indicate the entries on each chart. The first entries are labelled A and are for a long trade. The 15 Min chart on the right shows one large candle...tough to see where you would have actually gotten in....another reason not to be using time based charts, because the entry is often unclear. The chart on the left, we see a clear spot to enter, circled in green based on a cross of the indicator on the panel below. As a trader we want to see a clear entry and have confidence that it is correct...pretty obvious which chart has the better long entry. Looking at the vertical lines labelled B, we see short trades setting up.

The 15 Min chart shows an entry at 77.60...the chart on the left shows a short entry at 77.90...imagine being able to get a 30 pip advantage on a trade...most traders would be happy to take the 30 pips and call it a day. ---------------------------------------These charts actually make indicators more efficient and can help you get into trades ahead of the curve...no more lagging, waiting for the 5, 10 or 15 minute candle to print...instead you can be in and out with your profit target before the time based chart even gives you a signal to enter. Using these charts and migrating away from time based charts will give you an edge that a trader needs to be consistently profitable.

We are planning to have a live webinar on these charts sometime next week. Watch your inbox for more details for dates and times. If you are ready to take the next step in your trading career and trade with a definable and repeatable edge, you won't want to miss this webinar.

New Price Charts Team

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All results shown in this report are hypothetical. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information in is report are for educational purposes only and isn't intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Newpricecharts.com and any authorized distributors of this information harmless in any and all ways. The use of this email and PDF documents constitutes acceptance of our user agreement. Logos and trademarks are the property of their respective owners.