Some will disagree - feel free to do so. i won't lose sleep or money over it. I think it is instructive to look at a sub-par bar from time to time.
CJ 4Hr.
hey look - an outside bar (marked)
Hey, cool - it crossed the 85.00
hey cool - it closed in the bottom third
Hey - an entry 10 pips off of the bottom will clear the bar lows to the left. (white dashed line)
Now scale it out. Hhmmm... bar highs on the four hour....
Now look at the daily - trading into the PPZ
Draw some fibs...
this trade may run for miles and miles, but just because it is a OB on a round number does not make this trade a good setup. So rather than acting like "Jo Jo the Circus Boy" (no offense if you are a circus boy) look at the area a bar forms.
In fact - I like to see upcoming areas FIRST, mark them and then stalk a bar at that locale. it keeps me from getting in a lather over crappy bars, and lets me sleep at night.
An 'A trade' a day keeps Jim's voice from ringing in my ears.
CJ 4Hr.
hey look - an outside bar (marked)
Hey, cool - it crossed the 85.00
hey cool - it closed in the bottom third
Hey - an entry 10 pips off of the bottom will clear the bar lows to the left. (white dashed line)
Now scale it out. Hhmmm... bar highs on the four hour....
Now look at the daily - trading into the PPZ
Draw some fibs...
this trade may run for miles and miles, but just because it is a OB on a round number does not make this trade a good setup. So rather than acting like "Jo Jo the Circus Boy" (no offense if you are a circus boy) look at the area a bar forms.
In fact - I like to see upcoming areas FIRST, mark them and then stalk a bar at that locale. it keeps me from getting in a lather over crappy bars, and lets me sleep at night.
An 'A trade' a day keeps Jim's voice from ringing in my ears.
I'm pretty much done with all this ...