Disliked{quote} No, I did not see opportunity to take 2 pips. I always see the warning but I did not understand it. Does it mean that when one see the warning he should avoid the trade? Again there are two kind of waring I usually see that the indicator display. 1. Warning: H1 high breakout 2. Extreme Caution: Price below yesterday. What is the difference between the two; If you have explain it, please, help me with the page. Thanks. {image} {image}Ignored
2. Extreme Caution: The price was below yesterday. Be on the lookout for it to continue lower.
What is the difference? They are both warnings or reminders to the trader so they won't be caught off-guard. A breakout of the previous trading day's high/low usually causes the price to continue in that direction for a while. In the case of a H1 breakout, price may continue in the same direction. In either case, it is better to wait for the price to establish a new HOLO but trade with caution.
Understand?
Cheers!
Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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