Maybe a more important question might be, "What is a TREND BAR? Is there a resource to read up on this type of bar?"
james16 Chart Thread
- #132,562
- Oct 8, 2014 1:06pm Oct 8, 2014 1:06pm
If you guys consider shorting EURNZD or GBPNZD like I sugested earlier I think now is the best time for doing so. But remember that price on both looks like it can go bullish.
Easy +70 pips on both but I'm staying in for now.
- #132,565
- Oct 8, 2014 3:30pm Oct 8, 2014 3:30pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} {image}
every Saint has a past. Every Sinner has a Future
- #132,569
- Oct 8, 2014 9:33pm Oct 8, 2014 9:33pm
{quote} Crosshair (or left mouse button + right mouse button) and you click on first line and then move with the left mouse button pressed, second number is horizontal distance. {image}
It's unbelievable. So simple and I have failed to notice it. Thanks
Neytiri
- #132,570
- Oct 8, 2014 10:48pm Oct 8, 2014 10:48pm
- | Joined Sep 2014 | Status: Say My Name... | 81 Posts
{quote} And I'm out, I did my +17% this month
I Am The Danger... I Am The One Who Knocks
{quote} Hi Zamfir,The problem is you do not know in advance what kind of bar you will trade. Only after it is closed you can say it was a trend bar or non trend bar, but then it is too late. How do you deal with it? Regards,Coobin
What i m saying is your core strategy must be able to catch most of the trend bars , if not all.
- #132,573
- Oct 9, 2014 4:00am Oct 9, 2014 4:00am
{quote} You are right , you don't need to know in advance if the bar is going to be a trend bar or not. What i m saying is your core strategy must be able to catch most of the trend bars , if not all.
Market can stay irrational longer than you can stay solvent.
- #132,574
- Oct 9, 2014 4:01am Oct 9, 2014 4:01am
{quote} nice what 4 pairs you trade and what tf if you dont mind me asking?
For example GBPNZD:
First I saw a pinbar on strong resistance on W1:
then a pinbar on 38.2 Fibonacci on D1:
and lastly a series of pinbars near resistance on M15:
Similar things were going on EURNZD. In addition I look on currencies strength (strong NZD, weak EUR and GBP).
- #132,576
- Oct 9, 2014 6:11am Oct 9, 2014 6:11am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Fed minutes sent this one plunging.
- #132,577
- Oct 9, 2014 7:02am Oct 9, 2014 7:02am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Interesting
- #132,578
- Oct 9, 2014 11:40am Oct 9, 2014 11:40am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
{quote} in case anyone is wondering i'm just looking for this minor flip too hold Notice the last bit of support is clustered around the pin too. If that doesn't hold i'm out but should hold us down for the last push into the TL {image}
But the market offered and even better touch trade yesterday for shorts as it's gunning for that rising TL as per my original thoughts. THis time I didn't let it come back though for that extra bit
sold just before yesterdays close
I did also take a reduced loss on the usd/sek breakout which worked out well but I was looking for more
I have seen big outside bar after few rejections so entered short on breakout. I took 50% profit and then trailed second part above entry so I am on BE. Still don't understand why it does not break out so pretty like for others
