Recent content by samich1262

It's sort of a guess just based on the line. They might seem like they'd be inaccurate, but I have had good luck with them. I think they're usually some sort of setup on a higher time frame so that's partly why they work out, but when price makes a range, the buyers have the advantage at the...

Angular RB from a few minutes ago

Well this almost looked promising, but it didn't go very far. A BB of sorts. Price turned sideways after the break, so rather than use tipping point, it seemed like exiting for 3-4 pips profit was a better idea, especially since we had 3 tops. Once again, great European session but the US...

Well, I also started trading the 5m chart (Brooks method) on several pairs mainly because the US session has become so slow lately. I usually still see at least one good Volman setup in a day, but several times a week lately it seems like the European session moves well and it starts to stall...

I didn't take any scalps either, but I was watching. Seemed like a slow day, almost everything was a doji.

Me too, I had a trade in on the NZD/USD 5m chart that took awhile and kept me out of some scalps. It turned out ok, but I skipped the flags on the EUR/USD because I didn't want to get into 2 trades at once. I probably would've tried it if I had been able to move my stop up on the NZD trade first.

Did you guys see this move? I've seen Bob mark some angular RBs on the chart before. Do you think this was a tradeable move? I didn't think it was at the time, but it was continuation after a move down. In hindsight it's sort of a big flag, I just don't know about the break itself. Haven't...

I've got a weird question that I'm trying to wrap my head around. It actually has nothing to do with our trading method, just curiosity, so bear with me. I keep seeing people/books describe trading as a zero-sum game, but I don't know if that's really true. I thought about that and it would...

Yeah, it's a bit of a grey area on that 2nd chart.. I actually took it because of the weight of the rest of the chart and I got stopped out after that ceiling test. I really thought that despite the sideways action here, the overall picture was bearish enough, but nope... I should've waited for...

I found a couple examples of bad RBs that we were talking about this weekend. These two RBs turn sideways when price gets close to the barrier and fake out short sellers. This first one's a terrible RB so it's a pretty easy skip, but the 2nd chart is trickier. With this chart, when price...

Yeah, I should've been a little more specific about overlapping bars. I guess I should've said overlapping bars are okay, it's how much they overlap that is important. I mostly am thinking of equally sized bullish and bearish bars that appear sideways and cancel each other out. Some of us see...

It's funny that you guys bring this up because I switched to sitting on one of those yoga exercise balls instead of a chair recently. My back gets a little tired after awhile because I slouched in my desk chair all the time. I think it is important to think about though since we pretty much...

I almost took that too. I was pretty sure the market wanted to go down, but I wanted a tad more squeeze so I wouldn't have to risk that many pips. That's probably just me being picky though because I thought it was probably valid.

Hmm, yeah I wondered if there was any news involved in that. I checked DailyFX's calendar too and didn't see it there either. At the same time, the 5m chart showed a break of a bear channel a few minutes before the RB took off, so there were multiple time frames showing bearish signals too. I...

Just caught this RB on EUR/USD. Price couldn't stay above the 80 level there so a test of the 60 level seemed likely. This one really took off once the barrier broke.