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Hi John.....a happy NEW YEAR...
12 Hr Tf..is Conclusive....BUT there are obstacles...
Price have closed above the DAILY TRENDLINE,LITEFX GBP broke out ofits CHANNEL as well...and a rising TL is in PLACE as well....
baz
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DislikedGBP_USD Spot.png
Hi John.....a happy NEW YEAR...
12 Hr Tf..is Conclusive....BUT there are obstacles...
Price have closed above the DAILY TRENDLINE,LITEFX GBP broke out ofits CHANNEL as well...and a rising TL is in PLACE as well....
bazIgnored
DislikedThanks JhonMonsalve for your analysis, I guess my understanding of the inside candle is wrong and need to read more on that.Ignored
DislikedDef: Inside candle is a candle that forms inside the previous candle, its highs and lows must never exceed that of the previous candle.
...
IMHO
JhonIgnored
DislikedTony
I'm doing nice, thanks, how r u doing amigo?
Thanks for share your charts, it's been a while, try to post your thoughts about $, mostly -if you don't have much time-, it's really appreciated.
I hope you're doing great on your work.
It looks like $ is backIgnored
DislikedThanks JhonMonsalve for your analysis, I guess my understanding of the inside candle is wrong and need to read more on that.Ignored
DislikedI see some sort of Weekly bearish engulfing on LFXJPY, nice for further bearish movements this week, the Friday's candle close below 53
AttachmentIgnored
DislikedHi Baz! Happy new year to you too my friend
Yep, I've been thinking about that too, two strong currencies: pound & $, I just keep my SL tight, just in case.Ignored
DislikedHello JhonMonsalve
Thanks and I enjoy your analysis. Pls. carry on.
If you may, pls. lead me to the RSX indicator shown in your chart.
May the pips go to you.Ignored
DislikedHi Jhon, Time1300 & Seniors
I wish to have your clarification (as I am also a newbie) on the following term.
When you said "inside candle" did you mean "harami" as per item 11 in this link http://www.actionforex.com/articles-...-200605107114/
(sorry me has no affiliate to this link instead for educational reference)
What is "IMHO?"
(sorry English is not my main language)
ThanksIgnored
DislikedHey amigo everythings cool enjoying $ bull run 1.7300 top of channel is a tough cookie ,good to see your keeping things going here..Ignored
DislikedHi time yes as Jhon says as long as the high or low are not breached its an inside candle also the more inside candles you get the better odds on a good break out ,
Basically an inside candle is consolidation ....
Heres somthing I copied somewhere else
IB/IBS4 (IB4) = Inside Bar/Inside Bar Smallest of 4. An IB4 is simply when you have an inside bar that has a smaller range (high/low) then the previous 3 bars. Although you can also have an IB5 or an IB10 etc.
The way the I4B is played is that you would go Short or...Ignored
DislikedThis has been a great chart very sweet indeed for many reasons,target zone taken ,may start to think 8500 for ...
http://www.forexfactory.com/showpost...postcount=6521Ignored
DislikedHello Tony, Jhon, Baz, Cald & Seniors
I wish to have your comments about my trade which I took a short yesterday. The trend is down and now the candle is between SL and RL. What should a trader usually act to this?
Sorry I am being a newbie confused.. Close the trade? half trade?
I think I also am weak in setting the stop loss and target profit for Daily trades. Kindly guide.
Thank you so much for your time.Ignored
DislikedGreat trade Tony! I was remembering that you had troubles with Strat b/c of that, and now look at it!Ignored