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  #69021  
Old Jul 18, 2010 4:06pm
benji533's Avatar
THANK YOU JAMES AND MIKE!!!
 
Member Since Jul 2009
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Quote:
Originally Posted by novice198 View Post
benji,

when playing BEOB and BUOB trades what Risk:Reward you must have to enter the trade.
Cheers
Novice 198
Hey N,

I do not really care about what RR I am going to get. I am more focused on what the chart tells me. You can get high RR and low WR, or a high WR and low RR trades. Both can be profitable. In fact, high win rate and low RR will generate a much more smooth and stable trading curve in my opinion. So RR is meanless for me in terms of targets.

Hope that makes sense

Ben
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  #69022  
Old Jul 18, 2010 4:09pm
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THANK YOU JAMES AND MIKE!!!
 
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Originally Posted by Bemac View Post
Can one of you guys that do the Bar Accumulation thingy show me what a 2 1/2 MONTHLY {10x1weekly} EURUSD would look like?
Here you go Bemac
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  #69024  
Old Jul 18, 2010 5:34pm
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THANK YOU JAMES AND MIKE!!!
 
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Originally Posted by Bemac View Post
Thanks Ben. Different Data I suppose.
I was looking at this but wanted to see what size Bar the last 10 bar accumulation would look like in comparison to the rest of the Chart.
Attachment 510042
Ohh...here, I think I got it right this time
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  #69029  
Old Jul 18, 2010 5:58pm
benji533's Avatar
THANK YOU JAMES AND MIKE!!!
 
Member Since Jul 2009
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Quote:
Originally Posted by Adilius07 View Post
Hello Benji, Bemac.

Seriously we can also play this kind of setups (multi bar accumulation)???

Now looks veryyy promising!

How to rate this trade: more realiable (since much more bars accumulate it) or more risky instead?
5min, 1h, 4h, daily, weekly..are they more reliable than 50min, 3h, and 2W just because MT4 supports them? IMO not. The real chart is the line chart where price is just flowing. Bars are just time periods you are chopping the flowing price into. That's why location is important more than anything else.
IMO every possible TFs are equally reliable.
So my answer is yes, you can play combined bars and even combine them anyway you want in order to generate more trade opportunities. That's what I am doing and it works great.

Regarding this specific pin bar. Not a one I would personally take, but if it fits your style then way not. I would say look for big bars at extremes and keep going from there though. That spechific pin is stuck in a lot of traffic.

Ben
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