DislikedNo problem tritan,
buob = bullish outside bar.
I would recommend reading up on price action on the james16 thread.
Good luck.Ignored
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DislikedDan,
Great thread, I just found it.
Did you read books (like Victor Sperandeo) during your first 3 years?Ignored
DislikedHi Dan did you trade this BUOB, or miss it as today's bar did not break it?Ignored
DislikedA bullish engulfing or outside bar is obviously a buying signal and should form at a swing low. To classify as an engulfing bar the body should completely engulf the body of the previous bar. An outside bar forms similarly but the emphasis is more on the close being higher than the open and close of the previous candle.Ignored
DislikedThanks bez. Slowly working my way through the J16 thread (thre's a lot as you'll know ).
Ignored
Dislikedhave a look at page 1 post #12 by Dan on this thead. Explains nnicely what BUOB is. Also, just read though the J16 summary (its posted on the first page somewhere on that thead) then just keep up daily with the current posts. Its too long to read !Ignored
DislikedHi Dan,
Just joined your thread. I am another UK trader, (West Midlands).
At present, I am also a member of the J16 thread.
I trade Daily Pinbars only. Mostly with the trend, unless I get tempted with a CT trade, which I find very tricky.
Speak soon.Ignored
DislikedHello Dan, was nice to meet you at former Jacko thread.
Would you mind answering question regarding Bullish Engulfing/Outside Bars ?
I have never traded this set up and have no idea how entry and stop loss is set when we have this set up at the area of other factors confluence.Ignored
DislikedNice thread Dan. I've been in trading awhile and have concluded that your approach is the best way to go. i like your idea on eventually covering all the markets. I'm leary of holding futures contracts overnight . Do you think etf's would work ok with this method.
this is a real steep drop and a small pin bar that filled the gap within 2cents. you probably want some more drop closer to the prior swing high .Ignored
Dislikeddamn damn damn i missed some great setups and messed around shorting eurusd.
DAMN! ever missed setups/taken kinda crappy trades dan? (at the same time?"!?)Ignored
DislikedHi shiko,
A bullish engulfing or outside bar can be seen here: http://www.forexfactory.com/showpost...8&postcount=12 the entry is on the break of the high of the setup bar and the stop loss would go below the low.
The reverse is true for a bearish engulfing or outside bar (which can be seen here: http://www.forexfactory.com/showpost...1&postcount=13).
Hope that helps!
Regards,
DanIgnored