So you would have made money on eur/usd and BE on eur/chf

james16 Chart Thread

Honestly I think the same. So maybe this one just failed, that's all. Or I should really add like "Pinbar must be not smaller in range than any preceeding bar.." That will however make almost ever Pinbar not tradable... Man, I think too much lately, ...

james16 Chart Thread

Thanks Fxgroup Little different as I see it, but I get the point, thanks.

james16 Chart Thread

Hey DC, I agree about probabilities. But if you happend to see them both in real time what would you do? I.e. trade them both, trade neither, trade eur/usd only?

james16 Chart Thread

Interesting. Was that EURUSD tradable? It looks worse than eurchf to me. More traffic, stronger bullish bars before it. What makes EURUSD better than EURCHF that failed? Interesting to hear any ideas, thanks! image

james16 Chart Thread

This one was objective. True. Mike also mentioned that fact. Maybe I should add the rule like "must touch/test the S/R".... EDIT: For now I have 20 pip buffer where I consider it was tested. And the same for taking profits 20 pip before the BRN, SR, ...

james16 Chart Thread

Exactly the same thing I just said above too lol. I think it was ok setup. Yes next time lets look for the BETTER and even BETTER setups. But the one like this also works (if we are to believe in J16) just this time it didn't work... oh well that ...

james16 Chart Thread

In my humble opinion.... we have to be honest with ourselves. And accept that sometimes even J16 setups will fail. Trying to justify every trade and find a reason why it was a bad trade, of course possible, but will not serve any good for a trader ...

james16 Chart Thread

Also that one has reached its target (BRN) so it was not a problem.

james16 Chart Thread

Yes Pinbar, exactly, you have to see things from a bird's eye view. If you zoom out you see "the story" not just PA. That bullish box you have is nothing compared to the overall direction/momentum. Of course it is very easy to see things after the ...

james16 Chart Thread

Yes, I thought I was picky with that one. Really so. Now I think I need to "measure size" of any PB somehow more objectively...maybe something like: "PB's range cannot be smaller than the range of any previous bars.." Because by just looking at it I ...

james16 Chart Thread

Yes, cool. Thanks for advice

james16 Chart Thread

I see. I still don't quite sure if I should add the "continuation" BUOBs into my trading plan. In backtest they look good to me, but I often hear Seniors say they are more advanced and better to take them in swing hi/lo's... Do you trade that kind ...

james16 Chart Thread

thanks, I need to remember this!

james16 Chart Thread

small size...

james16 Chart Thread

Yes I agree that shape and close is very important for BUOBs. See these criteria is very easily identified objectively, where SIZE is something we have to identify subjectively... i.e it seemed OK to me but you thought it was not big enough... see. ...

james16 Chart Thread

Yes, agree now. I should be more careful with PB's in general.. size matters. BUOBS are easier in this sense to me, as the size is almost always automatically ok....

james16 Chart Thread

So.. if this one close like this, could it be a continuation BUOB now? Sort of breakout-continuation setup?

james16 Chart Thread

FML

james16 Chart Thread

Yeah, someone posted this trade a few pages back. Really how beautiful this is! Daily setups happen, and happen often, all we have to do is catch them...

james16 Chart Thread