trading PB's is like 'crawling', while IPB trading is like 'walking/running'..
so i hope people try to learn how to crawl first before trying to walk/run..
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedbased on Ghous definition an IPB is -
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1) EURUSD has a bullish pin bar (not very exactly since the head is not closed with in the body of the previous candle)
2. At swing low
3. However the pair is not in uptrend.. neither it is a pullback for the uptrend.
[color=darkgreen][font=Verdana][color=#000000]BUT.. if 1 &...Ignored
Dislikedif people are trying to trade IPBs before learning to trade PB's, i agree, it's not healthy.
trading PB's is like 'crawling', while IPB trading is like 'walking/running'..
so i hope people try to learn how to crawl first before trying to walk/run..Ignored
Dislikedgoing off your chart, it looks like a standard PB to me. Not in a very good location, bearish PB at a low.Ignored
DislikedI think you probably have not done the 2nd setup correctly.
On your chart top left hand -
1. Click on file
2. Clock on Open offline
3. you should see multiple lines items
with the following columns
History data Bars From to
4. Select the one you want
5. Click on Open
6. Chart will be displayed
7. You will see that will be either H8 OR H12 (Whatever you selected)
8. right click on the chart
9. Select Template
10. Save template
11. You are done..Ignored
DislikedThanks Cprao but in Step 10, don't you mean Load Template? I pressume this step is where you want to impose on your Offline chart the kind of template you want.Ignored
Dislikedif people are trying to trade IPBs before learning to trade PB's, i agree, it's not healthy.
trading PB's is like 'crawling', while IPB trading is like 'walking/running'..
so i hope people try to learn how to crawl first before trying to walk/run..Ignored
Dislikedif people are trying to trade IPBs before learning to trade PB's, i agree, it's not healthy.
trading PB's is like 'crawling', while IPB trading is like 'walking/running'..
so i hope people try to learn how to crawl first before trying to walk/run..Ignored
Dislikedbased on Ghous definition an IPB is -
[/color][/font][/color]
1) EURUSD has a bullish pin bar (not very exactly since the head is not closed with in the body of the previous candle)
2. At swing low
3. However the pair is not in uptrend.. neither it is a pullback for the uptrend.
[color=darkgreen][font=Verdana][color=#000000]BUT.. if...Ignored
DislikedHi Cprao,
I suggest you read again Ghous's golden post on IPB here:
http://www.forexfactory.com/showpost...ostcount=52647
On the chart you posted, it is not an IPB bar. It is a bearish PB occuring on a retracement of a downtrend indicating the possibility price is going to resume it's downtrend (although in this case the PB is not at a swing high enough IMO).
To qualify as an IPB setup, the charts should look something like this...... The bearish IPB is the red bar with the long nose and could indicate that a short...Ignored
DislikedI think you need to have a look at what that bar is telling you before mashing the short button.
(ignore the crap on my chart)
Attachment
You have a strong uptrend, which means you are going to want a pretty damn good bar to setup a fade here.
And then, at the top, we have a small pause bar (open and close are almost the same, so there was no net movement) and it closed near the TOP of its range. Which means, while it had bearish strength at some point, it closed with bullish pressure.
Nothing about...Ignored
DislikedCouldnt have put it better myself.
An experienced trader experiments with a new methodology extending the principals that Jim taught.... and then every new trader just runs with it, without really knowing what they are doing, thinking the 'new secret' is the key to instant success. Who needs 20 years of Jim's experience when we can just short every bar in sight and then draw in some posthoc trendlines to justify it?
Howdy
I am in the same lurking boat. Just sometimes surface to torpedo a passenger shipIgnored
DislikedHey Cy
It is just part of the process, you then have to go to File Open offline then FIND the chart of the new period under the currency
MikeIgnored
DislikedHi Yaniv,
Could you share with us the aggregation bars indicator?
Thanks.
CYIgnored
Dislikedhello mike
knowing that I always watch the daily chart,
I would like to know if on tf 8H pattern "two bars matching high" "is reliable, especially if it follow the trend
many thanksIgnored
DislikedSame story with CHFJPY 14H PB, closing on a minor flip of PPZ
It's all about location, price is price no matter what the TF
YanivIgnored
DislikedHey E
Two bar matching lows/highs can be a good sign of a continuation when they break. I prefer multiple matching highs/lows within a short period. Those are even better
Find on you chart where you have 4-5+ matching highs/lows and what happens when price breaks them
Best
mikeIgnored