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xmzhang replied Jan 13, 2011I've not traded classic IPB's yet, shall look into that and add that to my trading toolbox
james16 Chart Thread
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xmzhang replied Jan 13, 2011Low risk entries, small stops, that's what I like and these are found on the lower TF's where I search for them day in and day out. Today on Fiber : Step 1. 4H-BUOB not the greatest close but it's at a nice spot @ 13100/31.8 fib, RNB 13100 was ...
james16 Chart Thread
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xmzhang replied Jan 13, 2011Whoopie, look at E-G going. Classic breakout/pullback sparked off by that 1H-PB with some nice confluence .......... wait a minute ........... I've closed my long already because I didn't have the patience to sit this one out, bummer

james16 Chart Thread
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xmzhang replied Jan 13, 2011update E-G — Closed my E-G trade for a tiny profit, Fiber & Cable are taking off with equal speed so there won't be much action on E-G
james16 Chart Thread
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xmzhang replied Jan 13, 2011The only restriction is that the range of the previous bar is engulfed by the range of the next bar. The position of the close of the engulfing bar relative to the low/high of the engulfed bar is a measure of strength (ie. bearishness/bullishness) ...
james16 Chart Thread
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xmzhang replied Jan 13, 2011E-G broke out of that tight range. I entered long on a pullback @ breakout (also 50% fib) lvl via a 5m-PB. Let's see if E-G manages to take out that intraday high .............
james16 Chart Thread
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xmzhang replied Jan 12, 2011E-G — Maybe a breakout on E-G, a 4H-BUOB/PB combo with a not so strong close could spark off a break out of that tight range.
james16 Chart Thread
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xmzhang replied Jan 12, 2011update kiwi — Bummer, stopped out @ BE on my remaining 1/2 position, profit on my first 1/2 was +33 pips. After that pullback price never took another shot @ that 4H-BEOB and just reversed invalidating that 4H-BEOB. Today I traded two ...
james16 Chart Thread
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xmzhang replied Jan 12, 2011I like that title SC "master preempter", I already got master of science (Msc) so now I'am like a "master preempter of science"

james16 Chart Thread
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xmzhang replied Jan 12, 2011My other pullback trade has worked out better than the pullbacktrade on Cable. Also a 4H-BEOB which broke below RN @ 7600 and engulfing multiple bars, price just slighty broke that BEOB and then gave me in the 15m-TF a buytrigger to enter the ...
james16 Chart Thread
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xmzhang replied Jan 12, 2011Hey Jon, I've drawn my longterm TL off the weekly TF connecting two consecutive swing point highs. Drawing a longterm TL off a lower TF is not accurate because of the noise, this could mean that two traders don't necesarilly have exactly the same TL ...
james16 Chart Thread
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xmzhang replied Jan 12, 2011Bummer, shouldn't have closed my long on Cable #@#$%?!
I was quite sure price would bump its head against that minor PPZ @ 15615, that 3H-BEOB and Jon's 4H-BUOB were backing me up, so I closed my longs when price touched the 15615 and waited ...james16 Chart Thread
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xmzhang replied Jan 12, 2011
Thanx SC my friend, my broker is : igindex.co.uk they use the tradingsoftware of IT-finance for their clients.james16 Chart Thread
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xmzhang replied Jan 12, 2011Just closed my long on cable, I've scalped some pips on a pullback of a 3H-BEOB, which closed as a (not perfect one) BUOB on the 15m-TF. I'am now looking for some bearish PA @ 15615-ish to sell Cable and to preempt the break of that 3H-BEOB.
james16 Chart Thread
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xmzhang replied Jan 11, 2011update A-N — Price has reached and broken the BRN @ 13000 moved my stop a few pips above the last swing high on the 30m-TF @ 13020 (that's where I entered originally) banking some more pips on my remaining position, let's see if that 13000 ...
james16 Chart Thread