I picked this up recently due to some good reviews here on FPA. I talked to the Elite Range Bars guys a bit first and liked what they had to say so went ahead with purchasing their method.
I had been looking at renko bars mostly but saw a bit about range bars and was curious and this definitely fit the bill in terms of what I was looking for. Very interesting content, good application and methodology, and some fairly unique market tips and tricks to apply as well. All in all still some things to learn but happy with the purchase and support. The system mainly comprises of 3 types of trading setups that occur and reoccur on any given trading day with a number of different currency pairs.
The Elite Range Bar System is based on sound, logical methodology that is easy to apply on a daily basis if you are prepared to put the time and effort into studying the system and testing your ability on a demo account until you become proficient. The system has a very good risk to reward ratio as long as you are prepared to take small losses when the market goes against you.
You are able to make a profit every day if you trade with patience and discipline. The system and all of the material is produced by an active and successful trader, Garrett.
Without any waffle or fluff, Garrett provides a consistently profitable, easy-to-learn intraday scalping system that also goes into depth about risk management, minimizing risk, protecting your capital, trade management and psychology of trading. I strongly believe this is where the Elite Range Bar System stands out from the rest in a big way. Garrett is really friendly and helpful in anything you want to know about the Elite Range Bar System or improving upon your trading overall.
He delivers outstanding customer service in an apt and conversant manner within 24 hours. Simply, Garrett is a fantastic mentor, teacher and FX system vendor. You will be consistently profitable with this system if you study hard, practice over and over again on a demo account, prepared to take small losses on most days and be patient with discipline in your approach to trading the system.
The Elite Range Bar System is a perfect intraday scalping methodology for consistent profits. You need to be an active trader who can watch the market and follow the rules to trade it. I am completely new to range bars so even though some of the strategy is similar to what I do already I mostly trade M5 and M15 with moving averages , there is enough difference that it took time to settle in. It took me about three weeks to find consistency and a couple more to start seeing good profits.
Since that point however I am amazed at how consistent I have been. Pretty remarkable really, as I do have a fair bit of experience but not a whole lot with this sort of trading. The biggest thing is it really improved my trading around the difficult market open. I think its important for people to understand that I did have to put a lot of effort in to get to this point, and I spent some weekends studying charts and testing to improve. I felt it would be worth it when I read the course and it was for sure.
If your willing to put in a little time and can trade for at least a few hours each day then this is a very good trading system. I actually try a lot of stuff when it comes to trading but I think most of it is kind of junk and I usually do refunds. So I was really pleasantly surprised with this because not only was it a good price but the content was well worth it!
Like the previous poster, I also bought the course through the offer at FPA. I spent a lot of time reading through the information on their website and actually sent a few questions to Garrett first. I was impressed that he answered them within minutes and seemed to be very clear and direct. I knew this was a manual trading approach with discretion but this is in my opinion the best way to trade.
Once I read the materials in the Elite range bar course-book I was quite impressed and could not wait to apply it. This course might not be for someone who wants an automated way of doing their trading, but if youre interested in learning how to follow momentum and trade it with small risk then this is the best way of doing it that I have found yet. I purchased this strategy off the back of the recent FPA discount and that was done for a few reasons. When i got into the guts of the strategy however i realised that the edge in this is largely discretionary.
Further, trading off of fast moving charts requires a lot of concentration and with the subjectivity i found it difficult to execute in real-time. I have no doubt with time and patience you could make money with this but ultimately i'm looking for something more rules-based and less discretionary to build my market experience.
I do however take a few lessons from this regarding timing, particularly in the European session, and volumes. Something that all traders should be aware of. Finally, Garret was a pleasure to deal with and promptly issued me with a refund upon request.
During the last six years i tried and tested many trading related products. Like most of those MetaTrader addicts, i've been on the search for a profitable trading system, switching from one to another. To become a profitable trader you need a good and profitable trading system which gives you an edge and then you have to work on yourself. The Samurai Elite Range Bar Trading System is one of those profitable trading systems and i can really recommend this to anybody who wants to successfully trade short term moves in the spot forex.
There are no fancy indicators you've never seen before and you will need to learn and get familiar with the system to trade it profitable. Another good reason to recommend this product is Garrett. He is one of the most honest and helpful persons i know in this business. Unlike other system vendors, he is a trader and he makes his living using this trading system.
If you are feeling comfortable with short term trading and you are ready to work on yourself to reach your goals, this is for you. It was about three months since I got started with this system. Range bars caught my eye when I came across the Samurai website so I gave it a shot. It has really made me see just how much information you can get from a chart when the bars are broken down. I will admit it took me a lot of work and practice to get things going consistently with this but it was worth the effort.
I feel it has improved all my trading because I gained a lot more from the book than just system rules. The timing chapters probably made the biggest difference for me but the management ideas have also improved my ability to hold for more profit. Overall it was well worth the money for me as far as trading education goes. I have spent a lot of money on pure junk and this is not in the least.
You will gain something from this no matter how you trade now or in the future. Oh, great support too. Always helpful and detailed emails. This range bar approach was definitely what I had been looking for for a long time. Elite range bars gave me that edge. I basically used this method as a foundation for my own trading. I have been using the ideas and building on them with my own flavor.
Garrett was extremely helpful in this regard. He gave me a lot of feedback on what he thought was useful and what might be able to be improved in my own range bar ideas. It made system development way easier then in the past. So now I trade something with some of the original methods and some of my own and I love it. I worked to stay in my area of comfort which I think really helped and it has made the profits very comfortable as well. Many thanks to Garrett and Samurai Trading for helping me to imrpvoe as a trader!
First off, I have been using trading as my primary source of income for about five years. I mostly trade crude but also some FX on the side. The forex markets have been quite difficult since the European Crisis, so I went out looking for some new methods to try and hopefully improve my results. I came across some videos on YouTube for Samurai Trading and was impressed. I liked the clean approach and the focus on price and momentum. I probably watched about three hours of videos before I decided this fit my style of trading and then I decided to purchase the course.
I was actually quite surprised by just how much content there was. The sections on timing trades, how to improve your management, and using volume were very well done I thought. The videos were also hugely beneficial to solidify the strategy in my mind. So after doing some backtesting and a bit of demo I started to feel confident in what I had learned.
I decided after a couple weeks of good results to go live with small size. I can happily report that after two months I am seeing excellent results. My consistency in trading forex has greatly improved and I am enjoying it a lot more. I would definitely recommend that traders interested in range bars and a complete trading method take a closer look at this product. Forex Video , Forex Books. Live discussion Join live discussion of SamuraiForexTrading.
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