Disliked{quote} Hi Emmanuel, Just a small doubt about setup ABP. Should we wait till close of setup ABP ? and open trade at beginning of next candle. ThanksIgnored
yes,
1st reason - the APB before that setup candle I marked has a small body. also the upper and lower wicks on that APB does not represent momentum.
2nd reason - when we use the PAC, the setup candle must close outside the PAC.
my personal rule is that setup price bar must close below the TOK_5H Low for me to pull the trigger.
Form the PA perspective, there was a swing low seen with that TOK_5H Low and I want to see a PA break below that last swing low.
I also look at the H4 high-low form by the H1 without having to switch my chart to H4.
The S&R is the BRN 1.9400.
hope this explains how I pick PA setup by looking at swing highs and swing lows. Use the TDI and APB confirm the PA setups.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett