Recent content by mayjune2011

A fellow trader and myself looked at the EURUSD tick charts on TS. Here's what we found: A 35 tick chart on TS was more comparable to the 70 tick chart on a different data feed. A question posed to TS about the difference got this answer: "Our charting software is not designed to display bids...

I have a checklist for each of Volman's setups. I break most of them down by context, price action, quantify. Some have an extra category -- like the SB has a category to also evaluate the FB. Then I have a checklist for unfav conditions that I use on all setups. Sometimes I don't have time...

Yes. On my checklist, it scores a 7 out of 9. The pullback was the 3rd time to the ema and again the ema brought in new bulls. The 1.02 support held. And as you said, the prior SH held. It is always right to have concern about a shock effect run. But I think the 2 prior pullbacks to the...

I like Monday's 9/3 RB/IRB better as an IRB than a RB. Though when I looked at your screenshot, I was biased to see the IRB as a long instead of short. As an RB, it looks most like the picture 11.8 pg 167. That chart is also for a very slow market, like Monday's US holiday. Nothing wrong...

I see 11.6 a lot. It takes a lot of patience or else you get in too soon on an IRB. I did a review and discovered I did focus a little too much on the setups for ARBs. I had about a 55% success rate with them and wondered why. I discovered I was ignoring or not seeing bottoming action that...

I sometimes look up the setup in the book and try to match my chart or a posted chart to one from the book. For example, I thought your recent IRB setup shared many characteristics to Figure 12.5 on page 192. The book's chart pullback made a DB when forming the IRB and so did yours. Sometimes...

Depends on what you mean by "good setup". As Volman says in his unfav conditions chapter, you can have a picture perfect setup but if the conditions are bad, you shouldn't take it. He also says that you can't judge based on whether one setup is "better" than another. For example, perhaps the...