Telemetry - The code for writing disk telemetry has been moved to a separate thread from the physics to avoid any potential cause for stuttering. When enabled, this sends either your cars engine audio or a physics-based signal to the wheel in addition to the force feedback signal we currently provide. Audi R18 - An updated tire model has been applied to this vehicle!
Chevrolet Corvette C6. R GT1 - For the New Damage Model, a variety of updates have been made, including: - - The strength of hinges connecting some car parts to the body has been reduced. Chevrolet Corvette C8. R GTE, has been added to iRacing! The Corvette C8.
R builds upon six successful years of racing for its predecessor C7. R, and debuted at the 24 Hours of Daytona. Six months later, it returned to Daytona and won in just its second race out with drivers Antonio Garcia and Jordan Taylor, and the week after that, it scored its first finish at Sebring International Raceway. Dallara F3 - An updated tire model has been applied to this vehicle! The LMP2 P is powered by a 4. Dirt Street Stock - The iRacing setups have been updated. Ferrari GTE - An updated tire model has been applied to this vehicle!
Ford GTE - An updated tire model has been applied to this vehicle! Formula Renault 3. Lucas Oil Off Road Pro 2 Lite - Level-of-Detail settings have been adjusted to improve visual performance as a camera changes distances from this vehicle.
McLaren MP - An updated tire model has been applied to this vehicle! Each behaves as real-world tires of the selected compound. Race Control will enforce this requirement, so you do not need to manually select the right one. Note that Race Control will put a new set of tires of that compound onto your car for the start of the race, eliminating any wear accumulated during Qualifying.
If you do not set a Qualifying time, you will have a free choice of compound for the start of the Race Session. It's behavior now follows specific parameters based upon the option you select in the Garage: - - For Qualifying Sessions: You get a large battery, overtake deployment is automatic, and you have no manual deployment.
This should allow you to use your battery for strategic race decisions regarding undercuts, overcuts, and passing while allowing you to focus more on driving than hitting the boost button at the correct times. Once the battery reaches it's target state of charge, it will function the same for each target state and will then require a higher target to give you the option to push again.
Deployment will be automatic otherwise. Modified - SK - Fury logo on the dashboard has been updated. Porsche GT3 Cup - Brake bias has been adjusted forward to Porsche - An updated tire model has been applied to this vehicle! Radical SR8 - Tire warmers have been set to 60 degrees Celsius to aid cold tire performance.
Silver Crown - The iRacing setups have been updated. Skip Barber Formula - Fixed an issue where the suspension was invisible for cameras attached to the front suspension. Street Stock - The iRacing setups have been updated. USF - Fixed an issue where toe adjustments were going in the wrong direction in the rear of the car. Williams FW31 - An updated tire model has been applied to this vehicle!
Auto Club Speedway - Pit entry and exit lights have been added. Autodromo Nazionale Monza - Some gain-time checkpoints have been adjusted. Bristol Motor Speedway - Pit entry and exit lights have been added. Canadian Tire Motorsports Park - Some gain-time checkpoints have been adjusted. Charlotte Motor Speedway - Pit entry and exit lights have been added. Circuit des 24 Heures du Mans - Some gain-time checkpoints have been adjusted.
Circuit Gilles Villeneuve - Some gain-time checkpoints have been adjusted. Circuit Zolder - Patched up a few holes in the track surface. With a 1. The Dirt Track at Charlotte - Track marshals, cameramen, and other race officials have been added around this track. Dover International Speedway - Pit entry and exit lights have been added. Eldora Speedway - Pit entry and exit lights have been added. Fairbury Speedway - Infield tires have been nudged in further.
Five Flags - Pit exit merge lines and cones have been added. Homestead Miami Speedway - Pit entry and exit lights have been added. Indianapolis Motor Speedway - Pit entry and exit lights have been added. Iowa Speedway - Pit exit merge lines and cones have been added. Kansas Speedway - Pit entry and exit lights have been added. Kentucky Speedway - Pit entry and exit lights have been added. Lanier National Speedway - Track marshals, cameramen, and other race officials have been added around this track.
Las Vegas Motor Speedway - Pit entry and exit lights have been added. Lernerville Speedway - Track marshals, cameramen, and other race officials have been added around this track. Lucas Oil Raceway - Pit exit merge lines and cones have been added. Martinsville Speedway - Pit entry and exit lights have been added. Michigan International Speedway - Pit entry and exit lights have been added.
The Milwaukee Mile - Some gain-time checkpoints have been adjusted. Myrtle Beach Speedway - Some gain-time checkpoints have been adjusted. But the history of racing in Nashville actually dates back nearly a century, as some of the top drivers of the Indianapolis in the s would bring their cars down to the track for events held alongside the state fair.
Originally a dirt oval of just over a mile, the track was converted in to a half-mile paved oval, and lengthened to its current. New Smyrna Speedway - Some gain-time checkpoints have been adjusted. North Wilkesboro Speedway - The balloon show is now more susceptible to wind and air turbulence. Okayama International Circuit - Track marshals, cameramen, and other race officials have been added around this track. Phoenix Raceway - Some gain-time checkpoints have been adjusted.
Richmond Raceway - Pit entry and exit lights have been added. But that's one of the nice things about having something like this is you can kind of begin to customize i,t and personalize it and make it the perfect setup for you. For me. For example, I've got a trackball here on the right so I can get through all the menus.
So as I'm plugging in wheels and pulling them off again to test them out, everything will be quick and easy. It's a perfect setup for me. But again, look at all the different options out there. Find the one that fits your lifestyle, and the one that fits your budget, too.
We're starting off with our most affordable wheel is the Logitech G Part of the DrivingForce series. There are actually two versions of this wheel in production right now the s you see here which is also an Xbox One compatible, as you can tell by the x right there. Or there's the G27, which is also PlayStation 4 compatible. If you're only doing PC racing, it doesn't matter what you go with. But if you're doing some Forza Motorsport on the side, you want the G Like, we have here.
Whereas if you're more into the granturismo side of the equation, you want the G Again, if you're only doing PC stuff, it doesn't matter what you go with go whichever one you can find, although I will say that G 27 has a little bit better suited controls for PC setting. But even here on the we've got plenty of buttons on the face. I use the D pad for example for looking left and right in the braking zones to make sure nobody's dying bombing me Shorter buttons are useful for toggling through the onscreen displace and do things like setting your pit strategy.
There are plenty of other face buttons for adjusting brake bias and the normal sort of things you'll need to do in most cars in iracing. But there are a couple of shortcomings. The wheel is only about millimeters in diameter which is less than 10 and a half inches, which makes it feel a little bit toy like as you're diving into your races, but the overall experience is really good and you can definitely take this wheel and go to the upper echelons of iracing.
Without any problem there are people out there winning races every week on wheels like this and even more basic, older versions of the Logitech dragon four series. So this is definitely something that you can get and grow with Without having to worry about having to spend a whole lot more money. And those are really great wheels, with plenty of upgrade options as well. There's a strong modding community around this wheel series.
But if there's one major complaint I have about this wheel, it's actually nothing to do with the wheel itself. It's more about the pedals. The Logitech G has a three pedal setup and each of those pedals uses what's called a potentiometer. It's basically a way to digitally tell how far something has rotated. That's fine for the throttle and for the clutch But it's less than ideal for the brake pedal. Well, the hydraulic brakes in a real car don't rely so much on how far you move the pedal, but how hard you press the pedal.
Since potentially amateurs don't detect pressure only movement, Logitech had to resort to basically putting a rubber bushing behind the pedal to make it feel like a hydraulic system. But in reality that just reduces the accuracy. Like these fanatic Club sport pedals. These Club Sport pedals take it a step further, with extensive configurability and even a sort of push rod clutch pedal mechanism.
That more accurately recreates the feel of the real thing. The load sale brake pedal on the clubs for pedals makes a major difference especially on tracks like Lime Rock. For example, we have a heavy braking zone into turn one, but then you need to kinda lift off the brakes and roll into turn two. You can do that so much more precisely on a more advanced pedal setup. And that can actually make you faster which of course This is all about, but you can also find more speed and a higher and we'll something like this which is the phonetic clothes for 2.
This as you can see just by taking a quick look at it is a much more substantial piece of kit with metal construction that you can put a window on top here so you can see all the advanced mechanism built driven everything else going on inside. But from a tactility standpoint, the big upgrade is right here in the front. This is the BMW clubsport wheel. The diameter is more than two inches wider than that on the Logitech so while the Logitech felt kind of tiny and toy like this feels like a real wheel because basically that's exactly what it is.
You've got full controls here as well. We've got a D pad on the left which is analog which is again, great for looking around the cockpit. On the right, they call this the funky switch, which is what I use again for going through the different pages in iracing and setting my strategy and things like that. And a lot of other buttons on the face as well. But my problem with this field is that these buttons are all pushed really far out to the side and they're kind of hard to get to.
I've got relatively long songs, but I can only get to really two or maybe three of them without having to take my hands off the wheel Which isn't exactly ideal at miles an hour. But the great thing about this wheel set up is that if you don't like this steering wheel, you can throw on another one. And while you can definitely burn through your budget very quickly. For those with willpower, it means you can start with an entry level wheel and pedal setup and then slowly evolved into a more advanced wheels, pedals shifters, hand brakes and all sorts of good stuff as you need it.
Fanatic has even divvy things up into categories to make a little easier. Clubsport being their mid level to your products with a higher tier called podium. Those can be truly eye watering the expensive. How expensive? Well this Clubsport v 2. But that's just for the wheel base.
That BMW steering wheel I was using earlier. Yes, that may seem crazy, but ask any amateur racer how much a single race we can cost them just for fuel, tires, and entry fees And that may just change your perspective a little bit. Here's my third and final pick of the day the fanatic podium DD one wheel, this is their higher end expensive direct drive unit but instead of just sitting here and looking at it, why don't we hook it up and actually take it for a spin.
Stepping up now to the fanatic DD one, the podium level of wheels and a little bit of disclosure This is my personal wheel. The other two that we looked at those were both evaluation units. This is the one that I actually paid money for. This is the one that I'm racing every week.
Why did I choose this over the clubs four? Well there are some significant differences between this and the closeable wheel, and some minor ones as well. And frankly, it's the more minor differences that matter more to me, but the big thing that everyone talks about with this wheel Is how much power it makes this thing can put out 20 newton meters of torque, which is more than twice as much as the club's what that we looked at before.
Remember that in every bar, the same number of contracts are sold and bought. The only reason for a bar to end up with a higher price is that the buyers were more aggressive than the sellers. The reverse is true for a bear trend bar. While we can identify trend bars subjectively depending on the market context, I prefer a more objective measure. Our first premise is one of the principles of technical analysis.
In a bull trend, bear trend bars represent counter-trend traders trying to reverse the trend. The committed bearish traders are counter-trend traders. According to our first premise, the trend is more likely to continue than to reverse. Hence, it is likely that the counter-trend traders are wrong. The bearish trend bar is expected to fail without significant follow-through. As the counter-trend traders realize that the bull trend is not reversing as they anticipated, they will cover their short positions and might even reverse to buy.
Following the premises above, the entry for a trend continuation trade takes place when a trend bar against the trend fails. If a trend bar is not followed by another trend bar , we should prepare ourselves for a Trend Bar Failure. We have marked the trend bars in the charts. Bull trend bars with green arrows and bear trend bars with red arrows. This is because the best trades happen quickly like a knee-jerk reaction. By canceling orders that are not triggered swiftly, we are avoiding inferior trades and taking only the very best trades.
You can use this price action trading setup for swing trading as well. Price action trading setups work well in the forex market. This simple price action trading setup is robust enough for long-term analysis as well. The Trend Bar Failure trading setup is straightforward and versatile. It is the ideal starting point for price action trading. The basic premise is the trapping of counter-trend traders. However, it manifests in different forms like inside bar failure and the pipe pattern.
As shown in the many examples above, you can use this price action trading setup in time-frames ranging from intraday trading to longer-term monthly analysis. Want to learn more price patterns like the Trend Bar Failure? Check out my price action trading course and start learning right away.
Questions: 1. Have you got any backtest stats on this like you did for the inside bar setup. How much of a trend should exist before you trade? Must the 20EMA be sloping for most of the visible screen? Would you consider setups where the slope recently changed direction with price having made a new HH or LL?
Your reviews come across as very professional and objective. This makes me quite receptive to this setup that is your own. Attached are my two charts mentioned above the additional indicators are just bar range and body range calculations.
Great to hear from you. To answer your question, I would consider trades where the slope of EMA recently turned. Hello Galen great site, the strategy is awesome I use it on the daily time frame and use three emas of the 10,20 and 30 to establish my trend. I also noticed that when the emas indicate a uptrend and a bearish pin bar forms the following day would invalidate the pin bar and force those sellers out often leading to explosive moves in the direction of the trend vice versa for a downtrend.
Galen, Many thanks for sharing this and all the other strategies posted here. I have learned that new prop traders get buying power and technology from their firms but, depend on other traders when it comes to technique and strategy. I greatly-appreciate your willingness to share and help shorten the learning curve. Profit Target? Stop Loss? I always place a stop-loss just below the setup bar for long setups and above for shorts. I like measured moves and volatility measures like a multiple of the average range.
The methods you mentioned are reasonable choices too. Targets, stop-losses and your overall assessment of the market bias should be assessed as a whole in order to find trading opportunities with positive expectancy. Price action trading is a trading methodology that uses the movement of price as input for making trading decisions. It allows you to tell a story of what the price is doing and make higher probability trades based on that story.
It is a form of technical analysis. Notice how I said you can tell a story about the price. This is how a price action chart usually looks:. Notice how clean this looks? No indicator windows, only pure focus on the price. But you get the idea. Another way to look at it is that price action does away with all the clutter that is usually associated with indicators. As we mentioned, price action trading revolves around only using the price of the security to make informed decisions on what the market might do.
The first step in price action trading is to familiarise yourself with candlesticks. The red one shows the price going down and is said to be bearish and the green one shows the price going up and is said to be bullish. While the red and green colours are by no means required, it is common to show candlesticks like this as this makes it easy to recognise the direction of the market. Just from one candlestick, we can make up the open price, close price, highest price and lowest price.
This makes candlesticks one of the most effective ways to display the historical and current price of a market. Steve is regarded as one of the grandfathers of western candlestick analysis and his book contains a wealth of information on what it takes to use candlesticks in your trading.
Candlestick patterns are one of the pillars of price action trading. Basically, candlestick patterns are groups of one or more candlesticks that exhibit a specific pattern. Candlestick patterns are so powerful because they often convey what the market has done. This in turn gives us clues what the market might do. To get you started, there is an overview of commonly used candlestick patterns courtesy of Joe Marwood :.
As you can see, some candlestick patterns are said to be bullish and others are said to be bearish. Even other candlestick patterns indicate indecision. Usually, candlestick patterns tell a story. They might show us that the sellers first tried to push the price down, grinding lower. All of a sudden though, buyers regained control and in an instant, pushed the price up with a force that is much stronger than what was seen before three line strike.
The next step in price action trading is to look at charts as a whole. While candlestick patterns can show us inflection points, it is useful to take a step back and look at the entire chart. When we look at the entire chart, it will give us clues as to the direction of the market. Do we have a trending market? Is the market staying flat most of the time, or it is ranging between an upper and lower boundary?
A useful way of determining the direction of the price is to look at the highs and the lows that the market is making:. On the left side, we can see that the price is making higher highs H and higher lows L. The market is therefore said to be in an uptrend. On the other hand, if the price is making lower highs and lower lows , the market is said to be in a downtrend. If the price stays between an upper boundary and lower boundary, the market is said to be ranging. Instead, it is more or less going sideways:.
Beginning traders feel more comfortable with something they can put a number on, which is why they avoid price action and go for the indicators. Price action describes the market sentiment for a currency pair. You might have read about price action patterns like a pin bar. A lot of traders usually forget to mention one thing though. Depending on where the pin bar shows up, the same pin bar can both be a sell signal and a buy signal. Even more, some pin bars should completely be ignored if they happen in the wrong place!
While it is possible to purely focus on price action, years of trading have taught me that it is better to combine it with other types of market analysis. It will increase your win rate considerably. I will discuss this in my price action secrets below. These are the tips that will take you from price action beginner to being able to employ a solid and profitable price action strategy.
Tweet this:. The more candles a specific pattern contains, the more reliable it usually is. Patterns like head and shoulders, double and triple tops are among my favourites, exactly because of this reason. To make sure that I get confirmation, I enter just a little bit above or below the pattern, depending on which direction I suspect the price will go.
This way, you can avoid fake-outs where price reverses on you, leaving the inexperienced traders in the cold. Waiting for pattern completion shows patience, which is a personality trait every trader should have. Here, we can see an uptrend where suddenly, price seems to stall a little bit. It consolidates sideways until quite a large pinbar shows up. Now you could do two things: jump in immediately or wait and put a sell stop a few pips below the low of that pinbar.
The impatient trader would have opened the order and very likely have its stop loss hit for a loss. Knowing where to place an order is just the beginning. Where do you place your stop loss? Fixed pips stop loss levels are hardly a good approach since the market volatility can change and every trade should be looked at within the context of the recent market history.
This is the easiest and in many situations the best option. This is a good strategy because many times, the price will not go further than the high or low that the price action pattern created. The drawback of this approach is that depending on the pattern, your stop loss might be quite large. Nevertheless, in many cases, this is a valid approach. Have a look at this bearish engulfing bar, where you would place the stop loss a little bit above the pattern.
It often happens with pin bars with a very long wick. It is riskier than our previous option though, since there is more of a possibility that the price will actually retest certain levels, as long as it stays within bounds of the pattern. But taking into account R:R, this can still be a good approach.
This is absolutely one of the most important secrets you have to know about. Confluence is everything. Now make sure it has confluence, meaning that it coincides with other valid signals that support your trading idea. These signals can come from a multitude of sources, but here are a few that I sometimes use in my trading:. Every chart tells a story.
It might be a story of clear direction or a story of messy back-and-forth battling between buyers and sellers. In a similar way, we can talk about clean price action vs messy price action. It is up to the trader to find the story and better understand what the market might do. The buyers were initially in control and pushed the price quite high. Eventually, they hit a resistance zone and had trouble keeping the price at this level.
Sellers regained control and violently pushed price back down. In the second wave, they move the price back up until — you guessed it — sellers blocked their path and regained control. This goes on for a couple of times and is characterised by lots of strong up and down moves, lots of candles with long wicks combined with candles with large bodies and — most importantly — a general lack of clear direction. You can define some resistance and support zones, but the price action is rather messy and it is not something I would trade.
Clearly, in the left part of the chart snapshot, the buyers are in control. We see large green candles pushing upwards with very little counterweight from the sellers. There is a slight pause on the way up, this is what we would call a consolidation. The buyers catch a break, so to speak. After this consolidation period, we again see a strong push upwards.
Candles are mostly defined by large bodies and relatively small wicks. Now I want you to focus on the sequence of 4 candles at the top of the structure. At some point, we can see a large bullish candle, followed by a small bearish pin bar followed by a rather large indecision candle the one with the long upper and lower wicks and finally a strong bearish candle.
This should already ring the alarm bell. The reason this candle is the largest of them all is that at this point, the most buyers finally are aware of this uptrend and so the most buyers are in the game. The imbalance between buyers and sellers is the largest here. There are still too much buyers that believe this will go higher, so it takes some more time.
The next candle is what you could call an indecision candle candle, but I would call it the squeeze candle. At the same time, sellers see the price going down and are more convinced they are on the right side of the move. There is no victor yet and the battle continues until the last candle, where we see a strong move down and the sellers take control.
The tide has turned and they will push the price further down. Clean price action and being able to tell a convincing story about what price is doing will help you in making better trading decisions.