Patience, let the trade come to you.
- Joined Aug 2018 | Status: Member | 2,611 Posts
Only an idiot knows with certainty to where the market is going.
BB break + trendline break 24 replies
Break Out + Pull Back & Pure Break Outs 58 replies
DislikedOkay, this is a really good example the way this box works, the pair is the EUR/AUD and it's on the 4 hour chart. Count from the bottom up and you have 4 blue boxes. In the top box you have to wait 80 hours until the pair leaves the box. No fake out, no ranging, it just leaves the box and it heads lower for 24 hours then it goes into consoldation into another box and it does this two more times. Right now the pair is contracted and it's in another one of my boxes. Lets see where goes this time. Does it go up ? does it keep it's course to a lower...Ignored
DislikedGood morning PokerChip. I am following the EURUSD at the moment and the price is still in the box. However at this moment in time 10.00am BST price has made a big move south and has formed an M (1 hour TF) still in the box. Could get interesting later? Crude oil inventories figures this afternoon. NIgnored