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    • g_j_hook@yah replied Nov 18, 2009

      the correct way to trade the IBs technically(i believe) is to trade the break of the preceding bar, i.e. the bar the IB bar is inside,if this makes sense? it is a more aggressive way to trade them by trading the break of the IB itself. and yes u are ...

      james16 Chart Thread
    • g_j_hook@yah replied Nov 18, 2009

      glad i could help. it is also prudent to consider the strength of the previous move also,and compare that to the strength of the bar itself.a strong move in price needs a good bar to trade against it imho cheers jon

      james16 Chart Thread
    • g_j_hook@yah replied Nov 18, 2009

      hi Bill, sos for the delay, iwas eating..lol the problem i have with that bar is its close. it closed well below the close of the previous bar,this is a warning sign i have taken more note of lately,largely thanks to Mike.it does not show the ...

      james16 Chart Thread
    • g_j_hook@yah replied Nov 18, 2009

      hi marc, for what its worth i think you got a little lucky here, in my experience takin such poor 1h bars(it isnt a pin technically) at a strong swing down like this one will hurt your account over the longer term. just my 2 pips jon

      james16 Chart Thread
    • g_j_hook@yah replied Nov 17, 2009

      ...very nice bundy!!! cheers. great insights !! i particularly liked your stop placement, i think i would have had mine slightly above 150.00. i would have missed that minor PPZ level and the opportunity for a bigger position. nice one, i ...

      james16 Chart Thread
    • g_j_hook@yah replied Nov 9, 2009

      hi there arthurwtm, if price breaks through the resistance areas it may be that it becomes an area of support. it doesnt negate the area as unimportant imo. sometime price will ignore the area all together, which is quite rare but happens, only to ...

      james16 Chart Thread
    • g_j_hook@yah replied Nov 9, 2009

      lol, there is divergence on the 15min chart which helped me with my decision. it hasnt broke yet as have an order for the 1h bar so maybe i dont get a trade at all?? cheers jon EDIT: actually i lie!! i have a very small possition from 1.5002 so lets ...

      james16 Chart Thread