Recent content by johnwolf

Much appreciated! Thank you both. John

No problem here with the second SB. The higher lows in the pullback are not on particularly strong bars, and you waited for the SB, which followed a lower high. Seems like a good opportunity to me. When in doubt, you could have waited for a breakout pullback, which occurred a few bars later. John

Thank you, BLS (and Bob), for sharing Bob's charts. I look forward to going through them. I also appreciate Bob's advice about over-focus on the setups. I think we tend to do that because we feel precise setups are somehow more objective and certain. I will definitely pay better attention to...

Wow. 8-hour days. On bars averaging 30 seconds, that's about a thousand bars. The thought of it makes me tired. My main focus is the morning. I stop for the NY lunch hour (actually two hours). Sometimes are nice moves during lunch, but I rarely feel like I'm missing much. Then I might take...

He's not referring to double pressure, but to the fact that no range top has been established to the left of your middle IRB. Looking at this chart again, I agree. John

That IRB in the middle is a hard one for me to call. In realtime,I probably would have drawn the top of the box above the three tops just before it. So I guess that would make your IRB a failed ARB. Just not sure. Let's see what others think. John

No CFDs. I trade index futures, right now mainly TF - the Russel 2000. I also keep a chart up of 6E - EUR/USD futures. TF is $10.00 per tick, with 10 ticks to a point. My scalp target is one point. Scratch loss is usually 5 to 7 ticks, so it equates to Bob's configuration pretty well. John

Gee, that never occurred to me. I sure hope we futures and stock traders are welcome here. PA is PA after all. And I, for one, am trading Bob's setups. One big difference I see is that we have to deal with the New York open. My approach with that is to wait for a clear opening range breakout...

I traded in Al's webinar for several months. If you want to learn about price action it's an investment well spent. Al literally talks all day, analyzing the price action on almost every 5m bar. He and Bob both trade price action, but there are some differences. As a rule, for example, Al does...

I read trading books (mostly Volman and Brooks) and make notes on them. I also play guitar. And I've got one of these steppers. I mainly traded trend setups, so when the market goes sideways I jump on the stepper with some dumbells, while keeping an eye on the monitors. In addition to the...

I use a tick counter and wouldn't be without it. It good to know when the bar is about to close. The only IRB I'll take is the boomerang style at trading range extremes. I see potential there, and they are a focus of mine now. I have little confidence in the other IRBs at this point. John

No, I don't require a retest to the pip. I'm just looking for a micro double-top/bottom and evidence that the second leg has stopped pulling back. Perhaps I'm not trading the SB as Bob describes it. But the one he shows on page 86 is what I'm looking for. I never computed the number of each...

Regarding the SB, I recall Bob writing that we should take it on the next bar after the little swing high/low, as you did. But my experience is that the second leg of an SB requires a little more distance in time and price. At the least it should test the prior extreme of the pullback's first...

Cha-ching, I'm not sure I agree with how this box was drawn. It looks more like a slow down-trend to me, starting at about 7:20. Especially with most bars below the EMA. I don't like trading them. I read the 8:08 spike as a failed pullback, and your small range block as a pullback BB in the...

No, I trade only futures. But price action principles will be applicable to any market. In fact, I had some email exchanges with Bob Volman, who suggested I stick with futures rather than learn another market. I just looked through Al's books, and he recommends emini futures over forex because...