Should i pay for a course etc etc etc?????

This is a discussion on Should i pay for a course etc etc etc????? within the General Trading Chat forums, part of the Reception category; There is definite merit in combining IB's and pins as the IB's are used for continuation where as pins give ...

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Old Mar 30, 2009, 6:31pm   #17
 
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foredog started this thread There is definite merit in combining IB's and pins as the IB's are used for continuation where as pins give reversal signals.
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No need for a course http://www.trade2win.com/boards/gene...tml#post707344

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Old Mar 30, 2009, 6:41pm   #18
 
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Quote:
Originally Posted by foredog View Post
There is definite merit in combining IB's and pins as the IB's are used for continuation where as pins give reversal signals.
Ah, good point! I notice some posters in the recent posts to the DIBS continuation thread using pins as well as possibly other tools, as well as IBs.
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Old Mar 30, 2009, 7:11pm   #19
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Quote:
There is definite merit in combining IB's and pins as the IB's are used for continuation where as pins give reversal signals.
Not necessarily, IBs can also give trend continuation and Pins can give reversals as well. Much of it depends on the confluence of other factors at the point where the IB or Pin is observed (all in my view of course).



Paul
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Old Mar 30, 2009, 7:41pm   #20
 
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Confluence

Quote:
Originally Posted by Trader333 View Post
Not necessarily, IBs can also give trend continuation and Pins can give reversals as well. Much of it depends on the confluence of other factors at the point where the IB or Pin is observed (all in my view of course).



Paul
Agreed Paul. The threads such as James16 etc do mention that confluence is an important factor when evaluating Pins and Inside Bars.
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Old Mar 30, 2009, 8:59pm   #21
 
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TD on IBs

Re-reading the "making money trading" thread, I found this comment by TD on inside bars:
http://www.trade2win.com/boards/372508-post739.html
Quote:
Originally Posted by trader_dante
"This thread is certainly not ONLY about pin bars. I particularly like inside bars.

When you get several inside bars with successively smaller ranges the chances of a sharp break greatly increase.
Elsewhere he refers to several other Price Action "indicators" which he says he is always aware of, but does not necessarily use.
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Old Mar 30, 2009, 9:20pm   #22
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Originally Posted by foredog View Post
NO

Every few days there are people posting on here asking if it's worth spending £2000 on some dodgy course.

Yes some may offer you good info and training but most seem to be a sham and a scam.
£750 buys you a PC with a big monitor, position it so that you can see it from as many places in the house as possible. Just watch price action for a few thousand hours, it'll teach you more than any course.

£1000 buys you 2,000 pips to lose at 50p/point spread-betting. That will also teach you more than any course.

The remaining £250 buys you a treat as a reward for all this effort, although very few of these remain strictly legal.

Ben
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Thanks! The following members like this post: foredog
Old Mar 30, 2009, 9:32pm   #23
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Quote:
Originally Posted by RedGreenBen View Post
£750 buys you a PC with a big monitor, position it so that you can see it from as many places in the house as possible. Just watch price action for a few thousand hours, it'll teach you more than any course.

£1000 buys you 2,000 pips to lose at 50p/point spread-betting. That will also teach you more than any course.

The remaining £250 buys you a treat as a reward for all this effort, although very few of these remain strictly legal.

Ben
Top post.
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Old Apr 7, 2009, 8:31pm   #24
 
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foredog started this thread Another free stratergy from this forum

http://www.trade2win.com/boards/fore...-strategy.html

REMEMBER TO DEMO ANY OF THESE UNTIL YOU FEEL COMFORTABLE WITH THEM AND SURE THEY WILL MAKE MONEY.

(mods, if you're able to add his link to the post#2 or tell me how that'd be appreciated
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