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  • #15,721
  • Jul 19, 2011 5:51am Jul 19, 2011 5:51am
May I ask a question about confirmed swings? To quote Strat:

For confirmation of a swing, the OPPOSITE end of the candle must be taken out (exceeded). Which is fine. But, is it sufficient for price to have exceeded the high/low or does a candle have to close above/below this level?

Sorry if this is a really basic question, but I am just getting to grips with some of the info on here and Strat's website.
  • #15,722
  • Jul 19, 2011 7:13am Jul 19, 2011 7:13am
The area between MA 20 and 50 is the shadow area, so if price close below the shadow you will be looking to sell if all the other conditions are met.
  • #15,723
  • Jul 19, 2011 7:52am Jul 19, 2011 7:52am
Quoting Delite
May I ask a question about confirmed swings? To quote Strat:

For confirmation of a swing, the OPPOSITE end of the candle must be taken out (exceeded). Which is fine. But, is it sufficient for price to have exceeded the high/low or does a candle have to close above/below this level?

Sorry if this is a really basic question, but I am just getting to grips with some of the info on here and Strat's website.
It has to be a close
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,724
  • Jul 19, 2011 7:54am Jul 19, 2011 7:54am
Quoting strat
It has to be a close

Many thanks. That helps a great deal.
  • #15,725
  • Jul 19, 2011 4:49pm Jul 19, 2011 4:49pm
Quoting strat
Watch out for the 416 pips CONTROL BAR - know how to trade it BEFORE trading
Strat Im buffled by your comment above and by what YOU "see"..
I see nothing above 1.60 and below 1.63, Im I blind?
Enlighten us if you please..

GB
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  • #15,726
  • Jul 19, 2011 7:07pm Jul 19, 2011 7:07pm
Quoting patrick25
So many IBs pick one, added a position now @ BE, DR. Joe in the house.
Closed both positions. It's time for pin bar people to trade it.
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  • #15,727
  • Jul 20, 2011 9:30am Jul 20, 2011 9:30am
Quoting Rubens PP
Strat Im buffled by your comment above and by what YOU "see"..
I see nothing above 1.60 and below 1.63, Im I blind?
Enlighten us if you please..

GB
Control bar marked up on your chart
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,728
  • Jul 20, 2011 1:34pm Jul 20, 2011 1:34pm
Quoting strat
Control bar marked up on your chart
i SEE said the bind man,
much obliged thanks
  • #15,729
  • Edited 9:55pm Jul 22, 2011 9:06pm | Edited 9:55pm
Academic question of the moment: Will USDJPY finish the month above 79.75 or below!?
  • #15,730
  • Jul 22, 2011 11:31pm Jul 22, 2011 11:31pm
Quoting Alexandra
Academic question of the moment: Will USDJPY finish the month above 79.75 or below!?
Hi Alexandra,
Monthly chart: Overall trend is down, March hammer is control bar.
Weekly chart: Last week candle rejected Fib78.6, this week candle is bearish, but momentum decrease, body is smaller than last week and closed at Fib78.6.
Let's see pullback to SR79.75 and the opportunity short with PASR.
Nice weekend!
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  • #15,731
  • Jul 24, 2011 3:32pm Jul 24, 2011 3:32pm
Hello!

Excuse me I'm a newbie here, what is a CONTROL BAR please??
  • #15,732
  • Jul 25, 2011 3:15am Jul 25, 2011 3:15am
start with page 1 and you will find out.
  • #15,733
  • Jul 25, 2011 8:51am Jul 25, 2011 8:51am
Quoting maxu08
start with page 1 and you will find out.
Thank you very much for your great advise!
  • #15,734
  • Jul 25, 2011 10:29am Jul 25, 2011 10:29am
A bar can be called a control bar only in retrospect. Its range must be greater than the bars following it. Thus its range is 'controlling' the bars to the right of it. Until a new bar closes outside of the range of the control bar, it continues to be in control of the range of price action.

See post 15727 where Strat has outlined one in white on a chart.

Lou


Quoting Chato
Hello!

Excuse me I'm a newbie here, what is a CONTROL BAR please??
  • #15,735
  • Jul 25, 2011 10:47am Jul 25, 2011 10:47am
This pair worth looking what do you think ?
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  • #15,736
  • Jul 25, 2011 11:01am Jul 25, 2011 11:01am
Quoting Lou
A bar can be called a control bar only in retrospect. Its range must be greater than the bars following it. Thus its range is 'controlling' the bars to the right of it. Until a new bar closes outside of the range of the control bar, it continues to be in control of the range of price action.

See post 15727 where Strat has outlined one in white on a chart.

Lou
Wellcome back to this thread.Long time no see.As for the controling bars ,that's a pretty nonsense.Price will go where it wants to go.
  • #15,737
  • Jul 25, 2011 11:33am Jul 25, 2011 11:33am
Quoting kratun
Wellcome back to this thread.Long time no see.As for the controling bars ,that's a pretty nonsense.Price will go where it wants to go.
Thanks... been mostly on Strat's forum.

Remember that price is the action/reaction of buyers and sellers. A controlling bar, once again, is seen in retrospect. Traders may consider the the H of the bar as resistance and the L as support. Thus , after the controlling bar is formed, in subsequent buying and selling traders make price range between it's H and L. Therefore we have later bars whose ranges are inside the range of the 'controlling bar'. The range is controlling the action of buyers and sellers.

Lou
  • #15,738
  • Jul 25, 2011 11:44am Jul 25, 2011 11:44am
[quote=Lou;4807944]Thanks... been mostly on Strat's forum.

Are u a student there or some sort of educator? Just curious.
  • #15,739
  • Jul 25, 2011 11:59am Jul 25, 2011 11:59am
[quote=kratun;4807969]
Quoting Lou
Thanks... been mostly on Strat's forum.

Are u a student there or some sort of educator? Just curious.
I sent you a PM.
  • #15,740
  • Jul 25, 2011 12:11pm Jul 25, 2011 12:11pm
[quote=Lou;4808015]
Quoting kratun

I sent you a PM.
Ok thanks.
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