sell ... lets see how this goes ..
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Dislikedlooks closer to oversold on the last 16 bar range for me...a break of the low with volume, id look to go short...until then i doubt it will move much...volume usually starts to drop around this time of day.Ignored
Dislikeder ... what do u mean by oversold ... i am familiar with the ob/os of rsi, stocs ... abit lost with what u mention above ... is it parameter 16 of say ,rsi ?...
appreciate ur elaboration .. thanksIgnored
DislikedIm using pivots to see ob/os candles right now...so if i see price close to the bottom quarter i know its closer to oversold(gray zones)...the 16 bars is the hi/low range im looking atIgnored
DislikedNice chart Kaz. Thanks for posting. I'm looking for long entries on this pair too.Ignored
Dislikedso pivot of range of last 16 bars ?
think got the idea, but what's the rationale ?
thanks .Ignored
Dislikedyeh h4 timeframe 16 bar high/low range...the high and low is the maximum/minimum of a range...so when price is close to a maximum, I think the odds are less in your favour to keep moving upwards, unless there is a close above the high with confirmation, vise versa for minimum...its just what i decided to use...i think the longer term pivots you use, the stronger, more important the levels will be, but of course you will be waiting around more for price to come close to a level...i tried to find a range that fits my entry timeframe and how long I...Ignored