Inorder to a avoid the big noise in the system. Look for big picture in H4 time frame and little bit of candle behaviour . The h4 candles should show direction say in the case of down trend
The bulls will try to push the price up and you see the needles on the four hour close
In the case of previouse bull run and if you notice those big or average needles on the top it is a question of pride for the bears to touch those bull candles
Price always comes to the place it started
solution practice
In a bear trend say in H1 chart you have the big bear candle and next meduim bear candle and the next the candle in small in size which means the price is squizzed and it may not mean most of the time the price is going to go up . You may take a short and use SL of the squizzed candle if you think u are aggresive . now the squizzed candle high is 1.16677
The Requirment for this Trade is M 15 chart as wide as possible Your left eye and your Right Eye Consolidation of candles Draw horizontel lines on consilidation on the upper part as well as on the down part if the candle trigger from the upper part wait another 15 minute to retrace and go long and same with short You will be looking with your left eye for going long that the candles are much above your left eyes and vice vers Chapter one EU M 15 CHART {image}
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Hello Green.
It is great what u r doing ,, and i believe from my own humble experience that naked chart trading is the most effective way to trade .
I would like to add to what u r doing IF i may .
There needs to be an understanding of price action .
The market does NOT do a Sunday afternoon park walk.
The market moves up and down and it does it for a reason .
once one can understand why it will move ,, the speed it moves at from time to time as it will vary for a reason ,,, where it is going to ,, and most importantly ,,, WHERE IT WILL STOP ..
All those factors can be mastered and very clear on the charts and on every time frame ,, day after day .
It is something i will NOT discuss in public forums with all due respect ,,, and for obvious reasons .
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
Hi greengp My question is ,whats the meaning of "Consolidation of candles" and how define it in chart? How to drow horizental line?
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Attached is the M 5 chart and the box is consolidation and overall it is in consildation. Refer the H4 chart the last two candles completed plus the current candle is in pause mode
We are in the bear zone 1.6043 could be the target . Short the rallies try to short from THE PREVIOUSE pin bar and SL just above that where there is pin bar
I had a short in the morning but closed at a small profit and I marked in the chart yesterday looking for price reaction here and it went their . some time back I took short 1.16668 with TP 1.16333 just below the monitor area. life of a trader
