Yes, i have heard too, that systems stop working after becaming popular, so i agree with Pipsqueak1000, that we should move from public place to private facebook group or private forum.
Sorry for my bad english.
Iâm also following the thread.
If you move it to a private thread, please let me know.
I think itâs a bit late for that pal.
The guts of the approach is already out in the public domain.
Moving it now would simply be a case of shutting the door after the horse has bolted.
Did anyone get into the Gbp/Chf or Usd/Chf trades yet?
Exactly. Barry Burns only came up with the name anyway.
For those that donât know, the system is based on the theory of mean reversion, which states that every market will eventually move back to itâs mean value taken over any time period t. You can read more about it here: Mean reversion (finance) - Wikipedia, the free encyclopedia
Mean reversion is hardly a new concept, and neither is range trading or price action. All of which are essentially what this system is. Also consider:
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Trade management is largely individual. None of us have the same entry, set or manage our TP or SL the same, or even take the same trades.
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For this system to stop working, the markets would essentially have to become flat and trade sideways where there would be no deviation from the mean to trade into.
I think we have nothing to worry about. If by some chance we notice it starting to decline in efficacy, then we can all just come back here and edit our posts to delete the content.
Iâm also following the thread. Checked the website from Barry and watching the first video 
It is people joining the thread and then start to improve RB with all sorts off indicators and funny theories and overwhelm the original purpose. No Patience!!!. That is what we must be on the lookout for and and stop this action quickly and quietly.
Keep to the principal.
Fortune pips.
if the market is going a strong trend like when breaking out the S/R, this strategy doesnt work or may experience massive drawdown. I find the MA is repainting also. Its flat today the next day is resuming its trend.
If you donât want the MA to repaint, then set it to Open rather than Close. When the candle is still forming it uses the current price as the Close price so it will change the MA during the day.
If the market is on a strong trend, then get in on the trend! You donât have to trade one system to the exclusion of all others.
Everyone has to know by now exactly what the Rubber Band Trade is , dont you ?
It is no big secret, like jadd806 said .
We are range trading the daily chart !! Itâs that simple. We are selling at resistance and buying at support. Traders have been doing this with paper charts before computers were invented.
We are using the 50 sma as our signal or trigger to enter the trade.
If anyone wants to tweek it add to it change it . Or move your discussion about the rubber band trade to FB or some other private forum, have at it go right ahead. What I shared here was shared with me through the gentleman I mentioned on page 1 of this thread.
I am not afraid of this trade style becoming obsolete and stop working because it becomes popular, thats nonsense. It is already popular and has been since traders have been trading. Banks dont scalp , hedge funds dont scalp , they range trade! They stay in trades for days and weeks .
I sold the gbpnzd a couple of days ago and made 85 pips right to the line . It kept going !! over 250 pips.
You think maybe some large institutional traders stayed in that trade knowing that the bottom of the range is the real target here.
Look at this chart⌠We are range trading the daily chart !! This is the GBPNZD
Do what you wish. I offered up the strategy now take it and run with it.
As for me , I know what I am doing⌠FINDING THE BEST SET UPS AND TRADING THEM
I did sell the gbpchf . The 50 line was not real flat , but I am also range trading .
This chart is the daily chart with horizontal lines at the top and bottom of the range. And a trend line. And the 50 sma.
And this chart is the reason I got in . This is the 1 hour gbpchf with the 50 sma on it. When the price broke and closed below the 50 line I got in shortly after that.
This is an new entry for me. I dont know if it will work. But I am thinking it may go up to the 50sma on the 1 hour and bounce off of it and continue lower.
Yes , if you are range trading and maybe selling, and the pair breaks out of the range to the upside and begins to trend up you will get stopped out. Just like any other trading system. We do get stopped out from unexpected breakouts. The market will do what it wants when it wants.
Rubber Band Trade can and will work in a trending market . If you wish to just stay in the trend for weeks months or years like this chart. Then thats great. Not many traders I know have the patients to stay in a trend since July 2012. But we can get in and out as much as we want with different methods.
Each blue line is a Rubber Band Trade on the EURJPY daily chart which has been in a massive uptrend since July 2012.
5 Buys and 3 sells for roughly 2000 pips. And there is a Rubber Band Trade coming up soon which will be trading with this trend.
Anyone thinking the eur/usd n eur/jpy are still good trades? ⌠Trying to hold out for reversals to the 50. In the hole -103 n -63.
Hi all,
To me this seems to be a perfect set up for a rubber band trade, does anyone agree? Room to move into, large PB rejecting resistance, with trend and the SMA is flat to downwards.
[QUOTE=âarmandrmorel;628489â]Hi all, To me this seems to be a perfect set up for a rubber band trade, does anyone agree? Room to move into, large PB rejecting resistance, with trend and the SMA is flat to downwards. <img src=â301 Moved Permanentlyâ/>[/QUOTE]
I agree this is a good one. If the pin bar holds until the daily close, iâm in.
I have a sell order of 0.89263 in this pair.
Not too keen on it. The MA is not flat. Donât take trades assuming the MA will flatten out⌠Youâll get burned far more often.
Personally I donât think this is a true reversal. I could be wrong, but I think the pin bar was just caused by everyone who was short from 1.4000 on the EUR/USD taking their 300 pip profit at this logical level. Maybe it will work out, maybe it wonât.
Fair enough and as far as PA goes, it is not a valid PB, as it did not close within the previous bar.
Do you see anything else out there? The CADCHF looks good, unless the trend is upwardsâŚ
[QUOTE=âjadd806;628544â] Not too keen on it. The MA is not flat. Donât take trades assuming the MA will flatten ⌠.[/QUOTE]
Jadd, do you only trade on flat MA lines? The first post of the thread says âflat or angled downâ for shorts. I prefer trades with angled MA
The recent momentum is certainly upwards.
Whether that puny pin is enough to stop it, I donât know. But itâs not something Iâm willing to put my money on