DislikedVery well said - Clockworks thread is amazing, so much to learn so little time. I really like Wayne Jacksons thread over at Jacko's Forex House of Pleasure and Pain.Ignored
james16 Chart Thread
Ditto.
Jaroo combines bars all the time too.
I've probably taken just as many two-bar pins as single bar ones. ...On all time frames.
Comes back to what Mr Trend pointed out recently too, about releasing yourself from the pre-defined bar patterns we push here.
You do get good at putting the raw price movements into context. Lop-sided outside bars etc. lol
I trade a lot of inside bars that are actually two bar pins as well. ...They're the easy IBs to trade.
Can you please explain what you mean by "putting the raw price movements into context"?
what are lop-sided outside bars?
Also, I don't understand what you mean by inside bars thar are actually 2 bar pins and why they are easier to trade.
If you could explain with charts, it would be really appreciated.
Thank you in advance,
Miguel
EDIT - Ok, I guess lop-sided bars are just impossilbe for now (the technology isn't that advanced yet
)) I didn't understand it was a joke, just now that i checked my dictionary for lop-sided...LOL
...any tots from senior members
Hi guys, I took about 10 years off of trading after the dot.com collapse. I had some capital left but a job change took me away from being able to monitor my trades so I cashed out and backed off. Decided to try FOREX around Thanksgiving and burned through two $50 micro accounts in December 
I saw James' forum around New Years and committed to putting the Micro Acct on time out until I polished my methods with the James16 forum teachings and a lot of Demo Account trading.
I think my worst problems until I started reading this forum from Page 1 were chasing trades that I missed and being afraid to enter a good trade because I wasn't confident that I wasn't missing some important indicator.
Focusing on just Pin Bar setups on the 1-day charts with Pivots from the weekly has been the focus that I needed. I've made 5 trades on the live account since March 1, and they've all gone well. I still spend most of my trading day on the demo (and I always begin the day on a demo account).
I also don't mind at all if I spend several hours on the account and don't enter a trade because I don't see anything that i REALLY like.
Thanks a TON!!!, James
I saw James' forum around New Years and committed to putting the Micro Acct on time out until I polished my methods with the James16 forum teachings and a lot of Demo Account trading.
I think my worst problems until I started reading this forum from Page 1 were chasing trades that I missed and being afraid to enter a good trade because I wasn't confident that I wasn't missing some important indicator.
Focusing on just Pin Bar setups on the 1-day charts with Pivots from the weekly has been the focus that I needed. I've made 5 trades on the live account since March 1, and they've all gone well. I still spend most of my trading day on the demo (and I always begin the day on a demo account).
I also don't mind at all if I spend several hours on the account and don't enter a trade because I don't see anything that i REALLY like.
Thanks a TON!!!, James
Mine?
- #23,771
- Mar 14, 2009 4:34pm Mar 14, 2009 4:34pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
this makes more sense
btw, you know what they say about Triple Tops don't you...
"They never last."
You got a Quad in your hands.
- #23,773
- Mar 14, 2009 5:24pm Mar 14, 2009 5:24pm
- | Commercial User | Joined Feb 2005 | 2,875 Posts
i never get tired of these. i start reading them and i find myself hoping to see words and phrases while reading because i know if i see them a good result is probably coming toward the end of the post.
just like this one.
damn nice bilyb,
jim
just like this one.
damn nice bilyb,
jim
Hi guys, I took about 10 years off of trading after the dot.com collapse. I had some capital left but a job change took me away from being able to monitor my trades so I cashed out and backed off. Decided to try FOREX around Thanksgiving and burned through two $50 micro accounts in December
I saw James' forum around New Years and committed to putting the Micro Acct on time out until I polished my methods with the James16 forum teachings and a lot of Demo Account trading.
I think my worst problems until I started reading this forum from Page...
- #23,774
- Mar 14, 2009 7:23pm Mar 14, 2009 7:23pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Hi Bundy,
Can you please explain what you mean by "putting the raw price movements into context"?
Raw price movements....
Imagine a pin, and the individual price movements over that day that went into making it.
...Now, what if those same price movements begun a quarter of a day late??
...The raw movement is still there, but now that same pin has disappeared from the daily chart because it now spans parts of two separate days, giving a different pattern that's not one of our pre-defined bar patterns we use here.
BUT it is still tradable if you are able to 'SEE' it and, of course, if it's in the right place on the chart.
This is just me complicating all this for you. You are best to ignore what I've just said and learn to trade without complications like it for now. Really. You will see these patterns in the years to come, naturally. You have enough to master already without all my bull.
what are lop-sided outside bars?
...Just me being over complicated again. Technically the bars I had in mind aren't even outside bars. It comes back to what I wrote above... ....it 'would' have been an outside bar if the beginning of the day was at a different time. Instead the bar is NOT outside the previous one, but the price movement is just as significant in the same way, and the bar can still be traded and managed the same way.
...Ignore all that too!
Also, I don't understand what you mean by inside bars thar are actually 2 bar pins and why they are easier to trade.
Sorry about that.
If you could explain with charts, it would be really appreciated.
Thank you in advance,
Miguel
EDIT - Ok, I guess lop-sided bars are just impossilbe for now (the technology isn't that advanced yet)) I didn't understand it was a joke, just now that i checked my dictionary for lop-sided...LOL
A guy with one leg 3 inches shorter than the other would stand lop-sided.
Bundy's status today: "Waiting..."
- #23,775
- Mar 14, 2009 7:35pm Mar 14, 2009 7:35pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Hey Dan
Welcome to your first post
You said a lot of key words in your post. "missed" "ideal" "price is now 64 pts GONE".
All leading to a chasing entry. Yes the entry was above the high of the BUOB(see raczefxs entry). Don't go chasing this entry now. If you missed the trade you missed the trade. Many more will come and go. Although I agree we will probably visit higher, if I miss my entry then I don't go after the trade anymore. It is a bad habit in my opinon.
Just what it means 'psychologically' shouts out at me. If you're that desperate to get in on a trade, then..... well ....I shouldn't have to say anymore.
Bundy's status today: "Waiting..."
Hi Luso!!
By context, I'm talking about position on the chart against known levels etc. And timing... ...All the same confluence hoo har that we use for ALL trades here.
Raw price movements....
Imagine a pin, and the individual price movements over that day that went into making it.
...Now, what if those same price movements begun a quarter of a day late??
...The raw movement is still there, but now that same pin has disappeared from the daily chart because it now spans parts of two separate days, giving a different pattern...
Please correct me if I am wrong, but for what I understood if we add more TF like the 8h, 12h, 16h, 18h, 20h or the ones we want to our analysis, then it would be easier to find PA that other way would be "spans parts of two separate days" or other TF.
About the inside bars, I understood what you meant. I just wanted to know why that kind of IB are easier to trade than the "normal" IB.
LOL, about the lop-sided bars, I really thought you were making a joke about all the names we give to bars.
About the charts, take all the time you need, no hurry.
Once again, ty for your kind reply.
regards,
Miguel
