Hey Parlenk, Well you are misunderstanding what the bar has to be. Instead of using the open from the last candle you need to use the LOW of that candle. So when looking for a Double Low Higher Close. Bar 1 Low should equal bar 2 low(give or take a ...

james16 Chart Thread

I use IBFX and see no DBLHC on the 4hr swissy. Can u please post and circle the bars that you believe are making a DBLHC Mike

james16 Chart Thread

This is correct, but on the 4hr swiss there is nothing even close to a DBLHC. Unless I am misunderstanding the chart you were asking? Mike

james16 Chart Thread

This would not be a DBLHC. A Double Low Higher close is when the Lows are the same and the close is higher then the previous bars high. Let me know if you want me to post some examples. Best, Mike

james16 Chart Thread

Read Market Wizarsd and The New Market Wizards by Schwager. You can see there are many who made it with technical Best of luck, Mike

Are there any successful technical traders?

yes that is correct. I think you should either search for Isotonic's threads on correlation or PM him. He is def the one too look up for this. Lemme see if I can find those threads cause I believe he explains the formula he uses(and I believe it was ...

how to calculate currency correlation?

Yes indeed. We had a pin bar off this area. Stop is moved up though thoo .1.6387. Also I closed out of my aud/cad but did not take the 4 hr pin reverse. Mike

james16 Chart Thread

ciph I didn't take this IB, but You just gotta have confidence in them. If it fails it fails. I have learned to certainly not judge it by the first bar after one, and a good time not even the second bar. Also I know a lot of people play them and ...

james16 Chart Thread

This is what is on FXLabs i have NO IDEA if this is right. How Correlation Coefficients are Calculated The correlation coefficient for two exchange rates is calculated using the following formula: image Where: image url

how to calculate currency correlation?

good stuff seeking although my rules for over exposure to the dollar prevent me from some of the yummy profit now I am still in this trade, but others could have got on for some pips. TBH even if you dont like to hold positions, these PA ...

james16 Chart Thread

seek ur still holding your g/j too I hope :

james16 Chart Thread

indeed ciph, I was in on the 4 hour which turned into a daily pin. If that breaks, I will treat this trade as a daily pin bar, which means holding it longer. Just be weary this thing may trend up now, but be ready to watch up and down in your ...

james16 Chart Thread

my trading is fine thanks. I wasn't trying to attack you, but that statment is very misleading and a small piece of the puzzle. If you are shooting for 14 pips per trade then I take it your win/loss ratio is EXTREAMLY important. Often my best weeks ...

Daily Cable Analysis

This statment is false by itself. You can have more losers then winners and be very profitable.

Daily Cable Analysis

[/quote] This pin I entered on the retrace of, but I have done what you just stated. Sometimes If it isnt the greatest location of a pin, but i still want to play it. I wait for a break and watch the price action. A lot of times these pins break 10 ...

james16 Chart Thread

[/quote] Hey Westie, The aud/cad is a trade I had got into on friday and held over the weekend. It was an 8 hour pin bar, OR entry on the second 4 hr pin bar(howerver you want to look at it). Of course this is one of those pairs that only taking ...

james16 Chart Thread

I am also long on the eur/aud now 4 hr pin bar off resistance that goes back a ways. I am still learning to trade this pair. Gets real choppy, but usually will chop one way or the other. Pair doesnt shrink down enough to make it worth putting a ...

james16 Chart Thread

come on seeking, part of the fun is watching your profits go up an down

james16 Chart Thread

I used to feel the same exact way. Then realized these start off some nice runs that more then make up for those losers. It was more a matter of learning to hold onto these trades and not be tempted to exit early. Also like pin bars the IBs in ...

james16 Chart Thread

no expert here seeking but i have quickly learned to just play these inside bars as you did. I am also in this trade on the break. Also when they IB comes back and reverse, I always make sure to reverse my position. Usually thats they real way its ...

james16 Chart Thread