Yogi, we need to dig into the lowest timeframe possible to find our FL.
If we still can't find it, we need to make the entire engulf candle the FL
If we still can't find it, we need to make the entire engulf candle the FL
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DislikedYogi, we need to dig into the lowest timeframe possible to find our FL. If we still can't find it, we need to make the entire engulf candle the FL {image}Ignored
DislikedHmmm. Now I can't edit posts. I wonder am I being squeezed out? That last post should read "Until we know for sure there's an engulf, we must assume there's no engulf!"Ignored
DislikedYogi, we need to dig into the lowest timeframe possible to find our FL. If we still can't find it, we need to make the entire engulf candle the FL {image}Ignored
DislikedHi, after reading all the posts I still have these questions regarding FTR and FL. It's my understanding that a FL is a FTR but a FTR is not necessarily a FL. In the chart below, it seems I can mark out 4 FTR/FLs.Ignored
DislikedThe second question is, can we buy at each FTR/FL that's marked in the chart or we should rule out some of them? {image}Ignored
DislikedToday I suffered a loss on NZD/JPY... Can anyone plz point out what went wrong... Charts Below... {image} {image} {image}Ignored
Disliked{quote} You can try to buy at every one of them, and it might even work out, but only for a while. There are many other factors to consider. Which of them are important, and which are not? The reason why price reversed on your FTR 1 is because it was the source of a huge spike up, taking out previous high, and probably some more to the left. Meaning the disbalance in that area was high enough to create a move taking all the opposing order layers. So there is a high chance this FTR will hold and price is reversed on FTB. But you can also notice 2...Ignored
Disliked{quote} Hey, Chanya, that did work out actually. You had a run down for a while, but it looked like you wanted to take more than market had to offer on this one. I would have moved move my SL to BE, seeing the nervous behaviour near the entry level. This is all on hidsight ofc. But if i was trageting a move further down, i would have waited for the ENG of FTR i was talking about in the post above. Hope this helps. P.S. Looking at this pair now, it seems like ENG up is not happening and a downside bias starting to form. Might want to try your luck...Ignored