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THREE SET UPS


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THREE SET UPS

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  #771 (permalink)
 cunparis 
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Speaking of trading before news..


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  #772 (permalink)
 jagui 
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Glad I was only watching... I had a gap up on fesx on my charts.

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  #773 (permalink)
 FHTrader 
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thanks for the great works.

really appreciate it.

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  #774 (permalink)
 aviat72 
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Chicago PMI is released to paid subscribers 3 minute before the general release. It is not a leak per-se.


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Speaking of trading before news..



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  #775 (permalink)
 cunparis 
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aviat72 View Post
Chicago PMI is released to paid subscribers 3 minute before the general release. It is not a leak per-se.

Thanks, I didn't know that. Forex Factory should put the time 3 minutes earlier then. That move really got me.

The "no trading 15 minutes before" is a good bet. Someone always knows the news release.

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  #776 (permalink)
 shodson 
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Inside bar ==> Iniside Bars and "fakeys"

Reversal bars ==> Pinbars

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  #777 (permalink)
 Fat Tails 
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shodson View Post
Inside bar ==> Iniside Bars and "fakeys"

Reversal bars ==> Pinbars

Pinbars are just reversal bars. They work well if they come after a correction and the trend resumes, if they are sitting on the edge of a trading range, of if they are fake bars (2B setup).

For the inside bars, it is important to have a preferred break-out and only tarde them if the breakout occurs in that direction. This could be the continuation of the trend or - in case your are in a final flag - a countertrend move, that is what he calls fake bars.

Thanks again for the examples.

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  #778 (permalink)
 Fat Tails 
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Just observed this on 6E : a one tick failure after an inside bar. The concept of the preferred breakout direction, did not allow me to take the breakout to the upside, but what about the downside? Took the trade and was quickly stopped out with a 7 tick loss.

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  #779 (permalink)
 aviat72 
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Fat Tails View Post
Just observed this on 6E : a one tick failure after an inside bar. The concept of the preferred breakout direction, did not allow me to take the breakout to the upside, but what about the downside? Took the trade and was quickly stopped out with a 7 tick loss.

The bar engulfing the inside bar was just too small here FT. Frankly in FX 7 ticks is too small a stop. It is too volatile.

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  #780 (permalink)
 Jeff Castille 
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Fat Tails View Post
Just observed this on 6E : a one tick failure after an inside bar. The concept of the preferred breakout direction, did not allow me to take the breakout to the upside, but what about the downside? Took the trade and was quickly stopped out with a 7 tick loss.


That's what you get when you trade during lunchtime in NYC.......also try a 15 minute chart.

Time of day matters!!

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