From what i know, IBFX, & many others, do not.
u might have overlooked Forex UA i mentioned in that post.
so far, from what i know, only Forex UA & Broco MT4 have USDX. while Sig MT4 has USDLFX not USDX.
see my post back in April for the URLs/websites.
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
what is the thinking on a bar like this... I would steer clear due to the traffic and the position but it looks very pinnish - would anyone play this and why?
ideally we want PA setups at extreme swing highs/lows.
but imho, i can look at this PB to be at a lower swing high (on weekly chart; i say lower swing high since i'm expecting a further downmove).
looking at usdchf charts, it seems it has been in a range since Late May/early june. if $ bearishness continues, this may initially revisit 1.0250 - 1.05 area. possibly stops &/or sell stops around 1.0550 - 1.06 will trigger the possible fall.
(the low of this May-July range in IBFX is 1.0589)since i'm on a small account, i can't take this weekly PB on live. i'll try it on demo. but if i get a chance at an entry on M30-H4 charts, then i'll take this live. it'll also be great if i can short this at a better price, around 1.07 - 1.09 area.
Thanks, i'll try & monitor this pair.
(btw, on IBFX, monthly chart, there's a 2-bar PB too. possibly a continuation PB, that is a downtrend continuation PB)
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
Haha! I missed the Rac style trade. Makes me wonder if he nailed this one. I had a short entry at 95.40. Oh well! Next!
K.I.S.S.
K.I.S.S.
Good eye salisa!
ideally we want PA setups at extreme swing highs/lows.
but imho, i can look at this PB to be at a lower swing high (on weekly chart; i say lower swing high since i'm expecting a further downmove).
looking at usdchf charts, it seems it has been in a range since Late May/early june. if $ bearishness continues, this may initially revisit 1.0250 - 1.05 area. possibly stops &/or sell stops around 1.0550 - 1.06 will trigger the possible fall.
thanks supreme for the feedback
looking quite interesting now.... but still not sure how I would have set up the trade if I had wanted to get in earlier today!
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
Hi Kiss
How do u get them gartley patterns on your charts, u have an indicator that does them automatically or something ?
K.I.S.S.
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
great post kiss hope others don't miss it so here is a bump!
Yo Mikey! Thanks for the compliment. Coming from you it means a great deal to me. Just trying to give back when I can. I've already "been there-lost money" . It's my attempt to keep the pain level low here on J16.
K.I.S.S.
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
You might even think that some of the more experienced traders here never trade at all. I used to think to myself are these guys just looking for a reason "not to trade". Well yes.You will develop your own rationale for trading based on your experience.
But there's no way I could "fit" them into the "normal" KISS rationale or preferably A setup format that I hope to see/post here(EURUSD had resistance overhead and GBPUSD was completely sideways and also right below resistance).
I just think "no way is this a reproduceable trade in terms of simple/good reasons".
But to me EURUSD especially screamed low pip count stop size entry into what could finally be the push for the break of 1.43 (100 pips stop for a 200 min. distance), but several other factors came into it as well. Either way, it was "my own crazy journal" material only accordingly.
Which reminds me, I wanted to ask the oldtimers whether anyone remembers a similiar situation as the EURUSD IB way back when.
Same thing of an IB sitting near/on s/r then turning around and doing quite a bit of move. Could have been USDJPY, could have been EURUSD, too.
Was 1-2 years ago and could have been someone like Bundy or similiar who posted it..either way, when I saw EURUSD I was strongly reminded of that post, but of course have no idea anymore which one/who it was back then who put it up. It did impress strongly on me because at the time I saw it and thought like nahhh, that won't go..and then it REALLY went. Could have been an identical situation of a BEOB breaking down into s/r and then the IB forming and moving back up past the BEOB actually.
Anyone have the same deja vue just then when EURUSD occured and was reminded of that situation I mean?
Trust price. Know yourself.
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.