Let's go back to the chart on the 4hours frame
Tell me what can you see ?
Tell me what can you see ?
Market Makers Vs STP Vs ECN - Newbies should read 1 reply
Read The Market - The Forgotten Art 3 replies
Article in Trading Game Newsletter - good read 4 replies
MUST READ list........ 4 replies
Anyone read Forex for Everyone 4 replies
DislikedSure As you know the day finished with low of 1.5030 and high of 1.5170 So the daily range was around 140 points plus minus. Danger-Mouse asked very serious question which h everyone should ask . What's so special about the 1.3000 level that we rocketed 140 plus points As well as 1.5170 that we are reversing. Let me give you a tip 1.5170 is the high of the day and the high of the week .Ignored
DislikedLet's go back to the chart on the 4hours frame Tell me what can you see ? {image}Ignored
DislikedCan you see the big green candle 19/03 @04:00 the close price was 1.5030 Also the next candle where the open price was 1.5030 Once you see open = Close it means it's a zone level (support &resistance level at the same time ) Also the candle after it 19/03 @ 12:00 finished above the 1.5030 level by few points which means there is liquidity And the algorithm needs to attack the buying stops below that level. So the big black candle on 21/03 where the day started it hits the 1.5030 level clearing all the liquidity there and after That we headed upwards...Ignored
DislikedCan you see the big green candle 19/03 @04:00 the close price was 1.5030 Also the next candle where the open price was 1.5030 Once you see open = Close it means it's a zone level (support &resistance level at the same time ) Also the candle after it 19/03 @ 12:00 finished above the 1.5030 level by few points which means there is liquidity And the algorithm needs to attack the buying stops below that level. So the big black candle on 21/03 where the day started it hits the 1.5030 level clearing all the liquidity there and after That we headed upwards...Ignored
DislikedCan you see the big green candle 19/03 @04:00 the close price was 1.5030 Also the next candle where the open price was 1.5030 Once you see open = Close it means it's a zone level (support &resistance level at the same time ) Also the candle after it 19/03 @ 12:00 finished above the 1.5030 level by few points which means there is liquidity And the algorithm needs to attack the buying stops below that level. So the big black candle on 21/03 where the day started it hits the 1.5030 level clearing all the liquidity there and after That we headed upwards...Ignored
DislikedAs we grow we begin to understand some facts that must must must happen every single day. Pay attention to the word must. These facts we can not change them or bypass them ie every day we must have sunrise and sunset. IN TRADING THERE ARE SOME FACTS EVERYONE NEEDS TO KNOW ABOUT THEMIgnored
DislikedYesterday I made a mistake when I said 1.5170 is the high of the week It was the high of the day I need anyone to tell me why I was wrong just by looking at the candles. The answer is in front of you try to figure it out .Ignored
Disliked{quote} Hmm..I'm guessing this has something to do with using ADRs. Well...Wednesday was actually the high of the week at 151.82ish. Wait a minute...are u talking about 3 bar fractals?Ignored
DislikedLet's have yesterday chart for usdjpy I repeat the answer is in the candles Actually everything is in the candles setup. {image}Ignored