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Trading spot fx euro using price action


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Trading spot fx euro using price action

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  #141 (permalink)
 Adamus 
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What was the reason for that BAB at 14:00? There was no news. Surely the central banks didn't just start intervening at 14:00 on the dot?

Whatever, it made an interesting chart.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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  #142 (permalink)
 Adamus 
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Almost a normal day. The volatility seems to have shrunk back to normal.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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  #143 (permalink)
 Big Mike 
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Adamus View Post
What was the reason for that BAB at 14:00? There was no news. Surely the central banks didn't just start intervening at 14:00 on the dot?

Whatever, it made an interesting chart.

On my chart it just moved from one pivot to the next, that is really all I saw. I use a 30m chart for my pivots, and I often see it move from the top to bottom of the next pivot within a single 30m candle.

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  #144 (permalink)
 Big Mike 
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I'm curious, did you get the "BAB" (big ass bar) terminology from @Bacon? He is the only other person I've ever seen referrer to bars this way

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  #145 (permalink)
 tderrick 
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If you don't mind me asking... What is the instrument name and broker you are using to trade the EUR/USD?

tia


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  #146 (permalink)
 tderrick 
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oops... just saw you are using IB... sorry.


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  #147 (permalink)
 Adamus 
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Big Mike View Post
I'm curious, did you get the "BAB" (big ass bar) terminology from @ Bacon? He is the only other person I've ever seen referrer to bars this way

Mike

Yes I did, while reading the "Elusive Price Action" and "Book Review: RPCBBB" threads. I asked him what it meant, but when he told me, I assumed he meant it was common terminology.

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  #148 (permalink)
 Adamus 
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tderrick View Post
oops... just saw you are using IB... sorry.


Any reason that you ask? Doesn't it look the same as your chart?

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  #149 (permalink)
 Adamus 
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Zwaen View Post
And what I wanted to add:

The last few weeks I'm playing with some ideas. The idea is just that most of us are too busy searching for setups. This while I think a trader has to put context and market environment first, and then just apply the setup suited for the environment. Since this is something the majority of traders neclect, it can be something valuable. If it is a trendday, it really doesn't matter whether you just take price-action pullbacks, buy ross hooks of even buy an ema crossover, as long as you step in that trend. Recognizing the trend day is what counts, imho
So if you're marking up the setups on the charts, you can also try to model the environment, or the " day". I also started with this, copied the charts of 200 days and try to make some catagories to label the days.

@Zwaen

after telling you I think it's not possible, I read about some other people discussing doing that on the Brooks price action forum - although when I read the Al Brooks book, I didn't read anything specifically helpful about identifying range days early.

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  #150 (permalink)
 tderrick 
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Adamus View Post
Any reason that you ask? Doesn't it look the same as your chart?


I just like to keep up with the latest brokers...


AJ
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