Dark Theme
Light Theme
Trading Articles
Article Categories
Article Tools
Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to
register in order to view the content of the threads and start contributing to our community.
It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Updated July 2, 2016
Top Posters
looks_one
Adamus
with 599 posts (455 thanks)
looks_two
Zwaen
with 46 posts (38 thanks)
looks_3
SammyD
with 30 posts (12 thanks)
looks_4
Big Mike
with 18 posts (17 thanks)
Best Posters
looks_one
Big Mike
with 0.9 thanks per post
looks_two
Adamus
with 0.8 thanks per post
looks_3
Zwaen
with 0.8 thanks per post
looks_4
SammyD
with 0.4 thanks per post
trending_up
160,375 views
thumb_up
619 thanks given
group
51 followers
forum
844 posts
attach_file
898 attachments
September 17th, 2011, 08:16 AM
London, UK
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789
What was the reason for that BAB at 14:00? There was no news. Surely the central banks didn't just start intervening at 14:00 on the dot?
Whatever, it made an interesting chart.
You can discover what your enemy fears most by observing the means he uses to frighten you.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
September 17th, 2011, 08:18 AM
London, UK
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789
Almost a normal day. The volatility seems to have shrunk back to normal.
You can discover what your enemy fears most by observing the means he uses to frighten you.
September 17th, 2011, 04:40 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,621 since Jun 2009
Thanks Given: 33,356
Thanks Received: 101,989
Adamus
What was the reason for that BAB at 14:00? There was no news. Surely the
central banks didn't just start intervening at 14:00 on the dot?
Whatever, it made an interesting chart.
On my chart it just moved from one pivot to the next, that is really all I saw. I use a 30m chart for my pivots , and I often see it move from the top to bottom of the next pivot within a single 30m candle.
Mike
September 17th, 2011, 04:41 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,621 since Jun 2009
Thanks Given: 33,356
Thanks Received: 101,989
I'm curious, did you get the "BAB" (big ass bar) terminology from @Bacon ? He is the only other person I've ever seen referrer to bars this way
Mike
September 17th, 2011, 05:57 PM
Nashville, Tennessee
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532
If you don't mind me asking... What is the instrument name and broker you are using to trade the EUR/USD?
tia
AJ
Nashville, Tennessee
"Life On The Edge of SR"
September 17th, 2011, 05:58 PM
Nashville, Tennessee
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532
oops... just saw you are using IB... sorry.
AJ
Nashville, Tennessee
"Life On The Edge of SR"
September 19th, 2011, 09:01 AM
London, UK
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789
Big Mike
I'm curious, did you get the "BAB" (big ass bar) terminology from @
Bacon ? He is the only other person I've ever seen referrer to bars this way
Mike
Yes I did, while reading the "Elusive Price Action " and "Book Review: RPCBBB" threads. I asked him what it meant, but when he told me, I assumed he meant it was common terminology.
You can discover what your enemy fears most by observing the means he uses to frighten you.
September 19th, 2011, 09:02 AM
London, UK
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789
tderrick
oops... just saw you are using IB... sorry.
Any reason that you ask? Doesn't it look the same as your chart?
You can discover what your enemy fears most by observing the means he uses to frighten you.
September 19th, 2011, 09:07 AM
London, UK
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
Thanks Given: 471
Thanks Received: 789
Zwaen
And what I wanted to add:
The last few weeks I'm playing with some ideas. The idea is just that most of us are too busy searching for setups. This while I think a trader has to put
context and market environment first, and then just apply the setup suited for the environment. Since this is something the majority of traders neclect, it can be something valuable. If it is a trendday, it really doesn't matter whether you just take price-action pullbacks, buy ross hooks of even buy an ema crossover, as long as you step in that trend. Recognizing the
trend day is what counts, imho
So if you're marking up the setups on the charts, you can also try to model the environment, or the " day". I also started with this, copied the charts of 200 days and try to make some catagories to label the days.
@Zwaen
after telling you I think it's not possible, I read about some other people discussing doing that on the Brooks [AUTOLINK]price action[/AUTOLINK] forum - although when I read the Al Brooks book, I didn't read anything specifically helpful about identifying range days early.
You can discover what your enemy fears most by observing the means he uses to frighten you.
September 19th, 2011, 10:32 AM
Nashville, Tennessee
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532
Adamus
Any reason that you ask? Doesn't it look the same as your chart?
I just like to keep up with the latest brokers...
AJ
Nashville, Tennessee
"Life On The Edge of SR"
Last Updated on July 1, 2016