ES has built a rocket...

[Laissez Faire]

Since you talk about probabilities and textbooks - what are the probabilities then? Have you calculated them?

Just a quick visual on your chart revealed a similar pattern which in fact preceded more downside:

 

[krugman25]

Since you talk about probabilities and textbooks - what are the probabilities then? Have you calculated them?

Just a quick visual on your chart revealed a similar pattern which in fact preceded more downside:

View attachment 206881

That's not a pin bar, but OK. Lol

 

[krugman25]

krugman25. you are right. this site is full of wanna bees who dont trade and even if they did would be scared gummy bears melting down over a 1 lot micro because they are down a tick! 1.25! this site is full of them. wannabees strugglers blood suckers of spirit and mind. they want it for free easy street. you gotta oay for real meat on the bone you beyond meat trading wanna be balony blow me micro futires trading little bitches. krugman25 is back!! bullish to the moon

BWAHAHA! I needed a good laugh today. Thanks

 

[padutrader]

Just like the massive bullish pinbar just before the US dollar exploded higher?

Not even worth arguing with you. Good luck.

and just what is this huge reversal bar reversing?
3-4 bars!
come on grow up

 

[krugman25]

and just what is this huge reversal bar reversing?

That is actually a really good comeback line. I'm writing this one down.

 

[padutrader]

Not even worth arguing with you

then why are you posting this point here?
you have two reversal bars in 10 bars.....a bullish engulfing and a pin reversal bar.....

and many reversals are indicative of trading ranges

so expect a bull channel which is a bear flag......

 

[nooby_mcnoob]

Here is what you know with real probability: next week's high is "probably" going to be higher than this week's close. The rest, you don't.

 

[Grantx]

If anyone here made money during the formation of the bar then you can flex. Interpreting meaning from one single bar is...

 

[krugman25]

What do I mean by probabilities? I mean my probabilities. I know what my probabilities are through my own trading history. Of course, if you don't trade, but just pretend to be a trader on the internet, then you have no idea what I am talking about.

Pin bar trade win rate taken during the period of my journal was 90%, with a 47 profit factor. Obviously WR and PF are not that high over the long run(hundreds of trades taken over the years), but i've been doing this long enough to know roughly what my odds are.

https://www.elitetrader.com/et/threads/trading-with-krugman.328592/page-20#post-4835240

 

[nooby_mcnoob]

What do I mean by probabilities? I mean my probabilities. I know what my probabilities are through my own trading history. Of course, if you don't trade, but just pretend to be a trader on the internet, then you have no idea what I am talking about.

Pin bar trade win rate taken during the period of my journal was 90%, with a 47 profit factor. Obviously WR and PF are not that high over the long run(hundreds of trades taken over the years), but i've been doing this long enough to know roughly what my odds are.

https://www.elitetrader.com/et/threads/trading-with-krugman.328592/page-20#post-4835240

With such a high win rate and PF, howcome you don't just do it full time.