Another trade example — Hi everyone! GBPCHF short open 9.1.2012 @ 1,47518 stoploss @ 1,47978 target @ 1,4507 Reward/Risk=5,3 Explanation step by step: GBPCHF broke an important resistance 12.12.2011. Then resistance tested first time ...
Insidebar means that bulls hasn't been strong enough to make new high or bears hasn't beeb stong enough to make new low. Gone nowhere. The next bar is importat, if the breakout happends then, its means of fast desision made by market, where it will ...
Quite an intresting way to interpret price action! Confluence of signals is the key, in my opinion. When you get add the ducks in the row simultaneously, your changes of success is greater. for example: -bullish Pinbar formed at strong support level ...