Maybe it's just me but I adore the thought of only dragon struggling for attention if we could just leave him saying what he wants with no response (until he swings the axe on his own toes and get's kicked out of FF for good)

poking us might probably be the only thing this 12 year old's looking for...

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Day made.

Thank you sir, and welcome aboard!

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

It didn't close below your ppz PB but should be interesting to see where a hard break takes us? 84.3? maybe...

The big man hardly ever notices the news but this time he's upon it like a tonne of bricks, lol...when he says watch out...

lol.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

I can't say for anyone else but I have been mocking at James when I first came here too (literally mocking)...never in a post though (probably I had a gut feeling I was more responsible for the lack of success than anyone else). It happened when I entered into a loosing streak after some "beginner's luck" and I threw everything out at a piece of paper that I still have.

Point is you could always criticize constructively. I don't know what it would take to control myself if someone threw comments at me like only dragon did (If I were Jim) only for the hard work that I have put in to help newbies for 5 FrIgGiNg YEARS!!!!!! I know Jim has that "thing", that controlling device in him though and so do many other folks here, which makes this place so great!

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Lol. you guys and your yankees and rangers.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

hey Melvin,

When we talk about trading at swing highs and swing lows, we basically are talking about trading against the trend. Thing is when you get those big outstanding bars (like the one Mr. Smith mentioned) at swing points you get a big advantage that of space and clear cut trouble areas, and that makes trading - for newbies specially, so much more easier.

Conversely, taking trend continuation setups at swing points can be tricky because you are basically heading "into the unknown". Often you won't have bar highs/low to the immediate left and that's where long term PPZs come into play big time. (I'll use your example to elaborate on this)

Either ways what you need is a strong bar that you can bank on. The bar you highlighted was an IB shaped like a PB as Smith mentioned, Indicative of bearish existence for sure, but then was it strong enough to blow through the last low AND THE 9400 PPZ?

At the first glimpse the setup looks clean (in terms of space) except that FTA of the previous bar low. Notice what price did. It bounced just above (again the markets aren't perfect enough to operate "to the pip" all the time) the 9400. Why did it do that? Throw in a horizontal line there and scroll back...don't read, do it before you read on!

Bingo!!

Tonnes of support and resistance at the level, hence a very important BRN. Combine that with a poor shaped (small despite being with the trend) PA setup and you have ample reasons to stay away from an already "tricky" trading method - i.e trading into swing points.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

hey Melvin,

For me, it's just all the regular requirements for a trade setup. I need to have a strong bar off an important area and which isn't heading into immediate traffic. Again traffic here doesn't only imply bar highs and lows to the immediate left but also long term price pivot zones that may come in the way and that do play a more important role in such trades than do short term price flips.

What makes trading trend continuation setups at swing points tricky is that you end up jumping in on a running trend (unless price has consolidated at the swing point before it broke out and presented a PA setup) and because price doesn't move in a straight line you are more vulnerable to pull backs,halts and whipsaws

On the other hand you're banking on fresh orders when you're going for trend reversal bar setups at swing points and when you trade at 50/61.8 fib ret of a trend which "seems to have revived"

Not to say a BUOB at a swing high is in any way more or less reliable than a BUOB at a swing low - just that at a swing high it requires you to have a very solid understanding of trouble areas (that are not as obviously lying in front of you as they are with trend reversal setups) and long term price pivot zones and big round numbers, because as it is you got to watch out for that pull back that could be round the corner.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

The best thing to do IMO is to eye ball the areas that look like S/R flips (you see bar highs and lows lying in roughly the same horizontal area) and try to locate a RN at or around that level.

And in case you do end up with only a round number and no recent indications of support and resistance at that level at best you could watch how price behaves around that level specially if it's close to your entry, perhaps even reduce your stop when price hits the RN Though you will have to take some points off the "space" department for the overall setup and this spatial concern will be a factor to consider - not necessarily a trade breaker, but a considerable factor for sure.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

yup!

I got my eyes on that one myself.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Just like the color of the bar is not extremely important with pin bars likewise it isn't all that important for IPBs either. Don't get me wrong, a bearish IPB with a close below it's open is always preferred but a bullish close will still do given that the IPB (bearish) doesn't close very near or at it's high.

Clearly, there are hints of rejection off that prior week's high - needless to say that is of 0 surprise due to the VBRN.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

will be watching this as well.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

I'd second that.

He runs an amazingly simple system based on 2 widely used sources of confluence (PPZs and trend lines).

I was looking at this the other day, and it reminded me of Ace's charts. I hope he'll drop by soon.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

These 2 doing a pretty ok job so far as well.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

It is a bullish IPB CP, albeit a little tilted towards an indecision bar although the upper wick exceeds the shorter wick enough to still keep it in the IPB category in my book.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

WOW...just...wow!

How many of you caught this?

Price did penetrate the low of the IPB but remained within 3 pips beyond the BRN. A logical stop should see through the pull back.

Decent stuff.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Joel you there?

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

I for one would never take that.

We've been chopping like hell on the pair (trend is up but price is far from moving smoothly) and that brings into the equation lot's of potent short term S/R flips created by the heaps of bar highs and lows coming from the directionless motion of price.

At best it's definitely not a take and forget trade setup IMHO

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Not sure but my guess is every time frame has it's own calculations for the MAs, because obviously the 150 bar closes that the 1H has will be different to the price values of these bar closes on the 4H,

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Were you aware of the fact that it was headed straight into the 14 BRN?

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

You have to understand Adilius, the market's aren't perfect. Setting an order a few pips above an immediate PPZ is better than taking a trade on the break and sitting on the edge of your chair hoping to see the close trouble area break BUT it's not something that gives you sure short edge in trading these less then "bread and butter" trades. Trial and error is really the only way you will, over time understand what kind of trade management suits you best.

There would be traders out there who would have passed this setup just because of spatial concerns, agreed?

There would be traders who would have taken the BUOB at the break and maybe tightened the stop a bit when price pushed through 14.00 and ended up with a < full bar loss, agreed?

There would be traders who would have taken the setup a few pips above the 14.00 in hopes of seeing the level hold as support (including you), agreed?

So who's right and who's wrong? Quite honestly, neither, precisely because the result on a single trade is irrelevant, what matters is your overall experience as it develops with trading setups like these and a large sample space that can help you conclude decisive results.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Once again those 2 setups working out compared to the recent one that didn't is something you can't base a rational decision on (As to whether the idea of entering after a literal break of an immediate BRN was a good one)

If you really do intend to master playing these setups Ad, you'll need to put in the time it requires to find your fit, and there are no shortcuts - Warren Buffet says: "You can't make 9 women pregnant and except a baby in 1 month - some things just take time"



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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

There is direct correlation between risk and reward. Trading PA at swing highs and swing lows can be very rewarding because you're essentially getting in very early into a new wave of orders, but at the same time you can't rule out the fact that you're considering the current order flow in the market "as weak and unlikely to sustain itself". To be doing that is brave and this thread teaches you just what is it that you need to back that bravery up with in order to keep this whole thing still a business.

We know when trading at swing points and looking for reversals we need big bars that clearly indicate a shift in momentum, we also know that bar shape alone isn't all that matters. Our bars need to rightly located with enough supporting confluences. And we also need to watch out for trouble areas ford a possible attempt by the former dominant party to take control of the proceedings once again. Not to say these aspects can be ignored when trading with the trend, but at swing points they are more important than when trading with the trend.

Once again I have no right to flat out call that BUOB setup "invalid" despite the fact that it was struggling in the "space department" because as you said and understood, there is no one size fits all theme going here at the thread, nor is there a "system" being taught here. J16 is a method, developing a system around it is well up to the individual depending on one's own preferences of risk appetite, mental setup bla bla

***---***

You asked in that initial post why that BUOB failed. The J16 method has an answer, but thing is, one trader will kick himself/herself for taking a less than A+ setup, while some other trader in some other corner of the world, will smile at the loss and think about moving on to the next one.



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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

On the right track, is Mr. Pin bar!



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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Hi there,

Yes it's an IPB. I like to trade them at the close of the bar itself, in case of weekly bars it will be at the open of the Monday candle given that we don't have a big gap in wither directions.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

That blue line actually does roughly line up with the 1.58 so yeah the 1.58 is the FTA and profit (full or partial) taking area.

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!

Simple isn't it?

g.

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IPBs are advanced PA setups and my sincere request to all newbies is to stay away from them until you know the basics like the back of your hand - TRADE SAFELY AND WISELY!