- Search Forex Factory
- albertsy2 replied Jan 26, 2010
Hi, just wanted to ask if J16 uses other candlestick patterns... I know we only learn about BEEB, BUEB, BEOB, BUOB, Pin bars, and IBs(?) here, but how about the other types of candlesticks? Are they completely useless?
- albertsy2 replied Jan 25, 2010
^ However, the very nature of the IB precludes knowing whether the trend will continue or change. Which is why PA is the more important indication.
- albertsy2 replied Jan 24, 2010
I think this IB trading method looks good, because you don't (usually) care where the price breaks -- long or short, you put pending orders on both sides of the candle. This makes sense to me. Just a comment though. I would put my pending orders ...
- albertsy2 replied Jan 19, 2010
Hi Robby, thanks for sharing. Can this work on the daily chart (with a weekly pivot and monthly pivot)?
- albertsy2 replied Jan 18, 2010
Hi, anyone still using this method?
- albertsy2 replied Jan 14, 2010
I am unsure of how the RSI is used in this system. For taking trends does it have to be coming our of overbought/oversold, or does it have to be above/below 50%? Anyway here is AUDUSD at the moment. Green AO, good angulation. Not only that, it's a ...
- albertsy2 replied Jan 13, 2010
Too bad it didn't work out this time.
- albertsy2 replied Jan 13, 2010
BDB on GBPUSD. Rejected by a resistance at psych 1.62200 and confluence with historical resistance at 1.62203-ish. AO is green, and angularity looks good, making this a valid BDB entry.
- albertsy2 replied Jan 11, 2010
Instead of looking at the candles and plan trades at 5pm EST when NY closes, would it be OK to do this right before NY opens?
- albertsy2 replied Jan 11, 2010
I've looked at how blackeagle draws S&R lines. He maintaines the same X-axis when he looks at Monthly and Weekly, and this covers years of data. Thus, S&R lines can be drawn easily because there will be relatively few swings (the big picture). ...
- albertsy2 replied Jan 11, 2010
Hello Strat. I am taking my time and am now at post 1302, where you posted an anatomy of how you trade. For the trades in Jan 21, 22, 23, 25, Why did you against all the MAs?
- albertsy2 replied Jan 8, 2010
Thanks for summary!
- albertsy2 replied Jan 8, 2010
Hi Pilatus I was just browsing through this thread (I have not read all posts yet), and I see that you are using... a. S&R lines (drawn by yourself) b. trendlines (drawn by yourself) c. formations (double top, head and shoulders, etc) do you also ...
- albertsy2 replied Jan 6, 2010
Everything you need is there. Please take some time to read the manual. I will copy-paste the SL and Exit rules for you: LongBuy ENTRY: First We wait for a long signal alert GUPPY MMA: The green lines must be above the red lines! Green, Red and ...
- albertsy2 replied Jan 6, 2010
I was testing on the majors, since October. Yes, I was following all rules. Lately (end of December), I added one more -- that price should be below the blue rainbow lines if short, and above if long. Not really a major change to the rules, because ...
- albertsy2 replied Jan 5, 2010
Been forward testing this system for at least 3 months now and it is very reliable on 5 min TF. At least, in my experience. On backtest over a 3 month period on 1H TF, the signals are even more reliable, but the signals are very very few, which is ...
- albertsy2 replied Jan 5, 2010
Did you trade the first pin bar? or the 2nd or even the 3rd?
- albertsy2 replied Jan 5, 2010
Thanks, I saw it. There's also the RSI, right? I will look through this thread again to learn about the new WM system. Again, thanks, everyone.
- albertsy2 replied Jan 5, 2010
Hi there. I was there for a few months many many years ago. It is a beautiful place, steeped in great tradition. (My only complaint is that it's not as exciting as Tokyo, but you can't have everything. At least there's a Toys R Us there.)