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mbqb11 replied Dec 16, 2007Hey Chris, This isn't consecutive pinbars, but rather a pinbar followed by an inside bar. Even though the inside bar has the shape of a pinbar. Still with that said some would say that , this is another strong hint for a downward move, using the ...
james16 Chart Thread
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mbqb11 replied Dec 15, 2007My deepest condolences to you and your family in this terrible time leigh.
Technical Analysis Fallacy
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mbqb11 replied Dec 4, 2007wow thanks jeff I totally over looked that. Yeah for sure I would have canceled if it didn't break ont he next bar Thanks for clarifying Jeff Mike
james16 Chart Thread
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mbqb11 replied Dec 4, 2007yes with a MUCH longer nose. That little bar doesn't give enough info for my liking. Doesn't stick away from price enough. Mike
james16 Chart Thread
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mbqb11 replied Dec 4, 2007The reason I would have passed is the size of the pinbar. Look how small it is in relation to the range of the other more substantial bars. I would have liked to see a much longer nose at that area Mike
james16 Chart Thread
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mbqb11 replied Dec 4, 2007Here is an example of clustered pinbars. These can work too for sure, but the idea is to get in the highest probability trades if we are going to put our money on the line. Pinbars will often occur when price is moving sideways, or when price ...
james16 Chart Thread
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mbqb11 replied Dec 4, 2007Yes depending on your broker. This is called hedging. Some brokers will not allow it in the same account, you miss go long in one account and short in the other.
Go long and short
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mbqb11 replied Dec 3, 2007nice post Adam and just goes to show hard work and the right mindset can pay off Thanks for updating us on your trading success Great stuff! Mike
james16 Chart Thread
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mbqb11 replied Nov 28, 2007Hey Raz My favorite like you said is if we pulled back a lot more and got that pinbar Euro is in such a strong uptrend though. This is like when the Cad just kept dropping. Any slight pullback turned out to be a great spot to get back in! lol Take ...
james16 Chart Thread
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mbqb11 replied Nov 27, 2007I didn't have an order for the euro either way but I'll give my 2 cents personally when pins don't break the next day I cancel my orders. I would want a very strong reason to short in this strong uptrend. You better believe there will be bulls ...
james16 Chart Thread
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mbqb11 replied Nov 27, 2007I would need some sort of reason to take a long. Such as PA, on support. Right now there is nothing I can see that would warrant a long position. I am a very conservative trader(or so I consider myself). A long situation would be a break off the ...
james16 Chart Thread
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mbqb11 replied Nov 27, 2007Here is a chart. We have a BEOB from yesterday, if that breaks we have a TBL, that would be the area to watch for a stall. If it breaks through that is a continuation of the downward play. The purple line is a price pivot zone, of the flip of S/R. ...
james16 Chart Thread
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mbqb11 replied Nov 27, 2007The previous day was a BEOB(bearish outside bar). Which is indicating downward strength. The better breakout bars to play are inside bars, where price consolidates. So a break below yesterdays low would indicate a continued downtrend, as we continue ...
james16 Chart Thread
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mbqb11 replied Nov 25, 2007fti your posts are extremely refreshing and exactly how my mentor taught me to view the market. Great to see you posting around here, hope to hear more Thanks Mike
Technical Analysis Fallacy
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mbqb11 replied Nov 22, 2007IB indicates consolidation in the market. This is obviously a direct result of the holiday market today. Yes a TBH indicates resistance, which can lead to downward action. A lot of people choose to straddle IBs, or have a bias in direction. For ...
james16 Chart Thread
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mbqb11 replied Nov 22, 2007Looks like the launch date is the 3rd of Dec. But it might be a bit before it is reopened. James really just wants to make the transition as smooth as possible for everyone. Won't be long now

james16 Chart Thread