I don't trade GBPAUD, but nice I4B straddling the 1.75

james16 Chart Thread

Roger I don't know what pair you're trading for that backtest, but I have seen so many bars make that retracement for entry. Awesome stuff. EDIT: just saw it's E/U Good example from this week, price is about to hit the target I believe. this is the ...

KissFan's Trading Journal

there already are pinbars and BUOB/BEOB that don't work.... developing your own discretion is key.

james16 Chart Thread

fib strike is an advanced technique that shouldn't be used by newer traders. Although it is brilliant Roger is always going about finding new patterns and how to profit on them... EDIT: I see your join date is '06! Go through his thread and read ...

james16 Chart Thread

Interesting. I no longer scale in on the retracement, I place my 1% risk trade on the 38.2 and my T/P on the -38.2 ext (I think you pull your fib in the opposite direction, so it would be the opposite side from the way you look at it). I'm also ...

KissFan's Trading Journal

Lots of practice and study, price action, and learning good risk management.

james16 Chart Thread

I just want to give another perspective on this, I know I4Bs don't tend to run this hard, and I would never hang onto an I4B trade for as far as this one went, but still....

james16 Chart Thread

What the.... Are you stalking me?!?!

james16 Chart Thread

Yes, screenshots is a great way. Easy and quick, and up for nice review at the end of the week/month. I personally use a physical pen and paper.... Each trade gets recorded on a separate post-it note, then the post-it note gets stuck onto the day ...

james16 Chart Thread

If you get annoyed by being "too analytical", just record the most important information. If you don't want to be concerned about news, or if you only trade a certain TF, you won't need that info either. I actually enjoy looking back at my trades ...

james16 Chart Thread

I think that being picky just comes with experience. Yesterday we had a bunch of 4hr PA bars that I completely disregarded because they weren't good enough for me. Not that long ago, I probably would have traded at least a couple of them. This week ...

james16 Chart Thread

I'm currently creating a way to restrict the trades I can have open, and how i can chose one pair over the other if they both display a similar setup of PA. There are times I see a BUOB across 3 pairs, and think I should only take one, or possibly ...

james16 Chart Thread

well, the markets tend to slow down/go into chop mode from about 12:00pm EST until 3am EST. I prefer trading the 4hr bars on the London open. Just an observation I have made over time.

james16 Chart Thread

I am just going to wait and see if anything forms on the daily at the close today. I don't like the time that these smaller TF PA bars have formed,

james16 Chart Thread

ah crap, that daily USDCAD BUOB rocketed off with no pull backs.... oh well.

james16 Chart Thread

and the USJPY 15 min. chart was a 45 min BEOB.

KissFan's Trading Journal

It's funny how many in this thread call it my "signature" setup.... as if I invented it or something mike w is to blame for these great inside bars!

james16 Chart Thread

It's cool, the 3 bars form a BEOB though ....

KissFan's Trading Journal

Looks to me like the daily I4Bs straddling VBRN on AUDUSD and EURJPY worked nicely for those who took them. The bars were too big for my liking, not enough wind-up.

james16 Chart Thread

well just like everything with trading... "maybe" no one ever knows risk management rules all.

james16 Chart Thread