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THREE SET UPS
Updated May 15, 2014
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#771 (permalink )
Paris, France
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Speaking of trading before news..
The following 2 users say Thank You to cunparis for this post:
Can you help answer these questions from other members on futures io?
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#772 (permalink )
Italy - Roma
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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 )
bellingham, wa
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thanks for the great works.
really appreciate it.
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#774 (permalink )
San Francisco Bay Area
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Chicago PMI is released to paid subscribers 3 minute before the general release. It is not a leak per-se.
cunparis
Speaking of trading before news..
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#775 (permalink )
Paris, France
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aviat72
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 )
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Legendary Market Wizard
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shodson
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 )
Legendary Market Wizard
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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 )
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Fat Tails
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 )
Northern California
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Fat Tails
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!!
Last Updated on May 15, 2014
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