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  • #601
  • Nov 15, 2010 12:05pm Nov 15, 2010 12:05pm
Quoting bez3000
No problem tritan,

buob = bullish outside bar.
I would recommend reading up on price action on the james16 thread.
Good luck.
Thanks bez. Slowly working my way through the J16 thread (thre's a lot as you'll know ).

  • #602
  • Nov 16, 2010 12:29pm Nov 16, 2010 12:29pm
Quoting rac
Dan,
Great thread, I just found it.
Did you read books (like Victor Sperandeo) during your first 3 years?
Hi rac,

No I didn't really read anything. I've had a skim through a couple of PDFs but I felt that getting involved and trying to trade would be a better use of my time. Once I had learned the basics of technical analysis (and I already had some experience of investing through fundamental analysis) I just got stuck into trying out different ways of trading. Demo of course!

Regards,

Dan
  • #603
  • Nov 16, 2010 12:32pm Nov 16, 2010 12:32pm
Quoting bez3000
Hi Dan did you trade this BUOB, or miss it as today's bar did not break it?
Hi bez,

No, the BUOB didn't trigger... interestingly though the past two days have setup a couple of inside bars off of that BUOB. A move upwards might still happen but given the state of the Euro against other currencies at the moment I don't think there's much hope for it.

Regards,

Dan
  • #604
  • Nov 16, 2010 12:35pm Nov 16, 2010 12:35pm
Hi Dan,

Just joined your thread. I am another UK trader, (West Midlands).
At present, I am also a member of the J16 thread.
I trade Daily Pinbars only. Mostly with the trend, unless I get tempted with a CT trade, which I find very tricky.

Speak soon.
"Fail to prepare, prepare to fail."
  • #605
  • Nov 16, 2010 2:16pm Nov 16, 2010 2:16pm
Quoting DanUK
A bullish engulfing or outside bar is obviously a buying signal and should form at a swing low. To classify as an engulfing bar the body should completely engulf the body of the previous bar. An outside bar forms similarly but the emphasis is more on the close being higher than the open and close of the previous candle.

Hello Dan, was nice to meet you at former Jacko thread.
Would you mind answering question regarding Bullish Engulfing/Outside Bars ?
I have never traded this set up and have no idea how entry and stop loss is set when we have this set up at the area of other factors confluence.
  • #606
  • Nov 16, 2010 2:27pm Nov 16, 2010 2:27pm
Quoting tritan
Thanks bez. Slowly working my way through the J16 thread (thre's a lot as you'll know ).

have a look at page 1 post #12 by Dan on this thead. Explains nnicely what BUOB is. Also, just read though the J16 summary (its posted on the first page somewhere on that thead) then just keep up daily with the current posts. Its too long to read !
  • #607
  • Nov 16, 2010 3:17pm Nov 16, 2010 3:17pm
Quoting dan89
have a look at page 1 post #12 by Dan on this thead. Explains nnicely what BUOB is. Also, just read though the J16 summary (its posted on the first page somewhere on that thead) then just keep up daily with the current posts. Its too long to read !

have a look here http://www.james16group.us/Guests/guestmaterial.html
  • #608
  • Nov 16, 2010 10:28pm Nov 16, 2010 10:28pm
Quoting dan89
have a look at page 1 post #12 by Dan on this thead. Explains nnicely what BUOB is. Also, just read though the J16 summary (its posted on the first page somewhere on that thead) then just keep up daily with the current posts. Its too long to read !
Thanks Dan.
  • #609
  • Nov 16, 2010 10:28pm Nov 16, 2010 10:28pm
Quoting desperate
have a look here http://www.james16group.us/Guests/guestmaterial.html
Cheers Desperate. Some good videos on there too
  • #610
  • Nov 17, 2010 1:11am Nov 17, 2010 1:11am
Nice thread Dan. I've been in trading awhile and have concluded that your approach is the best way to go. i like your idea on eventually covering all the markets. I'm leary of holding futures contracts overnight . Do you think etf's would work ok with this method.

this is a real steep drop and a small pin bar that filled the gap within 2cents. you probably want some more drop closer to the prior swing high .
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  • #611
  • Nov 17, 2010 11:37am Nov 17, 2010 11:37am
Quoting packhorse
Hi Dan,

Just joined your thread. I am another UK trader, (West Midlands).
At present, I am also a member of the J16 thread.
I trade Daily Pinbars only. Mostly with the trend, unless I get tempted with a CT trade, which I find very tricky.

Speak soon.
Hi packhorse,

Always good to see another UK trader here! Look forward to more of your input my man.

Regards,

Dan
  • #612
  • Nov 17, 2010 11:40am Nov 17, 2010 11:40am
Quoting shiko
Hello Dan, was nice to meet you at former Jacko thread.
Would you mind answering question regarding Bullish Engulfing/Outside Bars ?
I have never traded this set up and have no idea how entry and stop loss is set when we have this set up at the area of other factors confluence.
Hi shiko,

A bullish engulfing or outside bar can be seen here: http://www.forexfactory.com/showpost...8&postcount=12 the entry is on the break of the high of the setup bar and the stop loss would go below the low.

The reverse is true for a bearish engulfing or outside bar (which can be seen here: http://www.forexfactory.com/showpost...1&postcount=13).

Hope that helps!

Regards,

Dan
  • #613
  • Nov 17, 2010 11:43am Nov 17, 2010 11:43am
Quoting decades
Nice thread Dan. I've been in trading awhile and have concluded that your approach is the best way to go. i like your idea on eventually covering all the markets. I'm leary of holding futures contracts overnight . Do you think etf's would work ok with this method.

this is a real steep drop and a small pin bar that filled the gap within 2cents. you probably want some more drop closer to the prior swing high .
Hi decades,

Yes I don't see why not... pretty much anything with a chart and reasonable liquidity should work fine!

Regards,

Dan
  • #614
  • Nov 18, 2010 12:53am Nov 18, 2010 12:53am
Hi Dan , would you consider this setup takeable, thanks ?
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  • #615
  • Nov 18, 2010 10:16am Nov 18, 2010 10:16am
Quoting decades
Hi Dan , would you consider this setup takeable, thanks ?
Yes definitely... a great setup
  • #616
  • Nov 18, 2010 12:53pm Nov 18, 2010 12:53pm
damn damn damn i missed some great setups and messed around shorting eurusd.

DAMN! ever missed setups/taken kinda crappy trades dan? (at the same time?"!?)
  • #617
  • Nov 18, 2010 1:16pm Nov 18, 2010 1:16pm
Quoting TGpop
damn damn damn i missed some great setups and messed around shorting eurusd.

DAMN! ever missed setups/taken kinda crappy trades dan? (at the same time?"!?)
Yep! Don't feel too bad I've done it before. Normally whilst I've been messing around trying out different ideas and strategies! Not paying proper attention to my trading and as a result I've dipped out. It makes you pay attention next time though lol!

Regards,

Dan
  • #618
  • Nov 19, 2010 2:04am Nov 19, 2010 2:04am
be interesting to see what happens if inside bar breaks to long side
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  • #619
  • Nov 19, 2010 5:11am Nov 19, 2010 5:11am
Quoting DanUK
Hi shiko,

A bullish engulfing or outside bar can be seen here: http://www.forexfactory.com/showpost...8&postcount=12 the entry is on the break of the high of the setup bar and the stop loss would go below the low.

The reverse is true for a bearish engulfing or outside bar (which can be seen here: http://www.forexfactory.com/showpost...1&postcount=13).

Hope that helps!

Regards,

Dan

Dan, thank you for explanation. Outside bar looks like too big of a risk to me. Unlike pin bar or even inside bar. Never traded it so, I have no experience how to handle this set up.
  • #620
  • Nov 19, 2010 5:14am Nov 19, 2010 5:14am
I personally do not even trade E/U now. It looks like a kind of limbo to me. Looks like it is turning down but possibly up trend might resume. I am watching E/U, U/J, G/J and Usd/Chf.
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