jim now everytime i see one of your posts i get a good chuckle
Relax and be happy.
- #1,265
- Nov 9, 2006 9:13pm Nov 9, 2006 9:13pm
- | Commercial User | Joined Feb 2005 | 2,875 Posts
well oh great one if your brain really was on top of my shoulders god only knows where i might be. just doing this has raised my IQ at least 20 points. i can literally feel the difference. LOL.
jim now everytime i see one of your posts i get a good chuckle
I Feel Confident In Saying You Will Be A Better Trader Than Most People Still Grinding Out The System Trap After Years Of Trying And Blowing Out Accounts. It Wont Take Long And Little Lights Will Start Coming On. You Will Get Better And Better Over Time And There Is No Way A Market Can Change Or Do Anything To Prevent This From Working. It Cant Because Its Based On Price.
I wish you (continued) success,
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
- #1,268
- Nov 10, 2006 2:28am Nov 10, 2006 2:28am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #1,270
- Nov 10, 2006 3:29am Nov 10, 2006 3:29am
- Joined Aug 2005 | Status: Novice | 1,017 Posts
Keeping it Simple
- #1,271
- Nov 10, 2006 3:42am Nov 10, 2006 3:42am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Hi,
Sorry if I'm interrupting, just wanted to contribute my chart view to the GBPUSD, first the daily and then - lately my real favorite - the 4h.
Some crooked sort of pin bars on daily, an inside bar that could have been played both ways with tight tight stops (the messy action and news warranted moving stops to b/e once price moved out imho).
140-180 pips just from looking at the daily in 2-3 trades I would say.
Next post I'll go into the 4h which was quite interesting as well
Sorry if I'm interrupting, just wanted to contribute my chart view to the GBPUSD, first the daily and then - lately my real favorite - the 4h.
Some crooked sort of pin bars on daily, an inside bar that could have been played both ways with tight tight stops (the messy action and news warranted moving stops to b/e once price moved out imho).
140-180 pips just from looking at the daily in 2-3 trades I would say.
Next post I'll go into the 4h which was quite interesting as well
Trust price. Know yourself.
- #1,272
- Nov 10, 2006 3:55am Nov 10, 2006 3:55am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
The 4h view....rather a big mess.
Thanks to BOE and other news items it was very dangerous territory.
However, if you avoided trading during that time and just WAITED until it was over and played the weeks first and last I4B, both did 80-100 pip runs.
No indicators, just a bar.
I took at least 2 EURUSD trades for 40 pips each on the same logic and EJ went 100 pips from a double daily IB windup as well....
No myths here, just really good stuff
Things really get interesting if you start to see higher TF formations on smaller timeframes like the daily PB formed by 2 bars on 4h
BTW, if I overlooked something or categorized some PA wrong, that's still very possible, I am but a beginner in this art. James16 is very right, it's not a thing of 3 months and you're the master, it's a process.
Still make a lot of mistakes, but the most important thing is staying in the game =)
The people alone are worth it *smiles and waves to Habeeb*
My best regards and good luck with all your trading,
SeekingLight
Thanks to BOE and other news items it was very dangerous territory.
However, if you avoided trading during that time and just WAITED until it was over and played the weeks first and last I4B, both did 80-100 pip runs.
No indicators, just a bar.
I took at least 2 EURUSD trades for 40 pips each on the same logic and EJ went 100 pips from a double daily IB windup as well....
No myths here, just really good stuff
Things really get interesting if you start to see higher TF formations on smaller timeframes like the daily PB formed by 2 bars on 4h
BTW, if I overlooked something or categorized some PA wrong, that's still very possible, I am but a beginner in this art. James16 is very right, it's not a thing of 3 months and you're the master, it's a process.
Still make a lot of mistakes, but the most important thing is staying in the game =)
The people alone are worth it *smiles and waves to Habeeb*
My best regards and good luck with all your trading,
SeekingLight
Trust price. Know yourself.
But hopefully u guys will understand this. 
- #1,274
- Nov 10, 2006 8:32am Nov 10, 2006 8:32am
the 4th bar from the left is a BOVB as I know it... it has a higher high than than the previos bar AND a lower low...
it also has a lower Close than the previous bar which adds to its validity...
hope this helps a little...
BTW... I'll be joining the PF net week so hope to be able to add much more valuable input in the coming months
Happy Trading!!!
David
it also has a lower Close than the previous bar which adds to its validity...
hope this helps a little...
BTW... I'll be joining the PF net week so hope to be able to add much more valuable input in the coming months
Happy Trading!!!
David
the 4th bar from the left is a BOVB as I know it... it has a higher high than than the previos bar AND a lower low...
it also has a lower Close than the previous bar which adds to its validity...
hope this helps a little...
BTW... I'll be joining the PF net week so hope to be able to add much more valuable input in the coming months
Happy Trading!!!
David
Btw, what's the reaction after the BUOVB and BEOVB? I think it's like bullish engulfing and bearish engulfing.
- #1,276
- Nov 10, 2006 10:01am Nov 10, 2006 10:01am
- Joined Aug 2005 | Status: Novice | 1,017 Posts
Keeping it Simple
- #1,279
- Nov 11, 2006 1:56am Nov 11, 2006 1:56am
- Joined Aug 2005 | Status: Novice | 1,017 Posts
Keeping it Simple