FX-2007: Feb19th > Feb 23th

[jacinto]

hey jacinto,

I have also started looking at pin-bars for entries on pull-backs.
(only screen-checking, not real-time)
they seem to identify good points earlier than the Stochs that I use, so I am with you on pin-bars.

The blended-bars are a bit of a revelation to me.
Do you also look for extremely small-range bars as potential signals?
I find they are intra-day equivalents of NR-7 etc.

hi trendie,

blending bars was something i didnt understand. courtesy of phil newton. not very difficult once the eye is trained. say, want to build a 7 min bar. use open of first min bar, close of last 7 min bar, mind hi-low of range, and bingo, 7 min bar.

will post a chart of what i did today for my entry, but after the news if you dont mind.

hey, what on earth is NR-7?
jacinto.

 

[trendie]

NR-7 = narrowest-range bar for past 7 days. obviously for dailies.

but the idea of a very small bar intra-day can sometimes indicate turning points, particularly when at Boll-band extremes.
(I admit all this is after-the-event, but looking forward to trying it out real-time, soon)

EDIT: replaced narrow with narowest

 

[jacinto]

j

corrected, locked +20 (10 min pinbar, that i think is a breakout-pullback bar, but just in case)

well, stopped out on the news. +20 on that one, and +30 for the day so far. one of those cases when there are 2 options.
close prior to the news and take your +50 home,
or wait and go for +150. too bad.

wont cry over spilled milk.

 

[Priceman]

If you believe the indicators... the 50/100/200SMA's on the hourly are virtually all converged at the same price, could this mean a break out in one direction is imminent or just that the market is undecided?

I just hope it's upwards :cheesy:

 

[Atilla]

If you believe the indicators... the 50/100/200SMA's are virtually all converged at the same price, could this mean a break out in one direction is imminent or just that the market is undecided?

I just hope it's upwards :cheesy:

Which time interval are your charts?

 

[Priceman]

Which time interval are your charts?

Hourly, thanks for reminding me I'll add it onto the other post just to clarify

 

[leovirgo]

Guys, I know it's for the cable here but please check aapl flying today! I jumped on it albeit a little late but still doing fine.. :cheesy:

 

[dc2000]

someone once asked about news spikes well today I was on the wrong side of it but true to form the market is about to give me an exit @37

filled

 

[jacinto]

For Trendie

Trendie,

that is the setup,

on the 1 min chart, probably the elipses dont match exactly, but wont start counting all the 1 min bars


j

 

[trendie]

much appreciated, j.

 

[jacinto]

much appreciated, j.

my pleasure,

new one for you. had to wear some underpants for this one :cheesy:

j

 

[dc2000]

what we need is a good rocketship then you can wear your cape

how about a pinbar low say 496 then woooosh 200 pips or 225 if you want to jump off and on again

 

[jacinto]

what we need is a good rocketship then you can wear your cape

how about a pinbar low say 496 then woooosh 200 pips or 225 if you want to jump off and on again

how about 9717

edit, after pinbar, and when the kid is at school so I can get naked :cheesy:

 

[hornblower]

Morning all
looks like its going to be an interesting day !

http://www.page88.co.za/cr/armstrong.shtml

 

[Offshore Trader]

I Hope DC's correct because I overslept this morning and missed my short entry at 519. Dollar does look strong here though, there looks to be more downside on EUR/USD and so probably cable

 

[dc2000]

not happy with the drop a little further than expected so money now off table

 

[jacinto]

what we need is a good rocketship then you can wear your cape

how about a pinbar low say 496 then woooosh 200 pips or 225 if you want to jump off and on again

hey, got my cape on. when does the ship leave?

 

[City Bound]

Stopped at B/E.

BOO!!!!

 

[dc2000]

tomorrow for me now

 

[jacinto]

have to agree with DC. just put my cape down, and fully clothed now.

havent even attempted to place a trade today. was discouraged to place the early morning pre-breakout trade given price action, and although the bottom had an interesting setup for some 30-40 pips, I still decided to pass.

seems like will have to go and scalp some safer pairs to get the bread.

j