Wait for market to settle, before embarking on a trade.
1
(binned per thread starter’s request) Signals on H4 (MT5)
respect! this is the way i used it.
the very key for this signal is with the use of bollinger bands where bands are ( tight or narrow = accumulation or indecision) and ( wide or loose = trending direction = manipulation and distribution).
usually when using H1 or H4 the price action will usually take place in asian session OR both asian and london session OR it happens in all sessions
== where the whole day is in accumulation or we can see price action of the day is an inside bar.
this is the part where power bar 6 is in action by breaking the high or low of bars #1 to #5 or its designated tops or bottoms where we set our line or lines for break out.
when wide bollinger bands can happen also in asian OR botth asian and london OR in all sessions where the whole day is trending direction (both up and down) that gives us an outside bar = this is where manipulation and distribution took place in both up and down directions.
i dont know exactly what is inside bar and what is outside bar for you. all i know is as shown in image.
in applying the signal, may i ask to each and every trader or analyst or observers.
how are you going to use these powerbars 6 with other tools or confluence or whatever you have? please share so others may understand your set ups and help them in their trading journey.
thank you sir Bakker.
the very key for this signal is with the use of bollinger bands where bands are ( tight or narrow = accumulation or indecision) and ( wide or loose = trending direction = manipulation and distribution).
usually when using H1 or H4 the price action will usually take place in asian session OR both asian and london session OR it happens in all sessions
== where the whole day is in accumulation or we can see price action of the day is an inside bar.
this is the part where power bar 6 is in action by breaking the high or low of bars #1 to #5 or its designated tops or bottoms where we set our line or lines for break out.
when wide bollinger bands can happen also in asian OR botth asian and london OR in all sessions where the whole day is trending direction (both up and down) that gives us an outside bar = this is where manipulation and distribution took place in both up and down directions.
i dont know exactly what is inside bar and what is outside bar for you. all i know is as shown in image.
in applying the signal, may i ask to each and every trader or analyst or observers.
how are you going to use these powerbars 6 with other tools or confluence or whatever you have? please share so others may understand your set ups and help them in their trading journey.
thank you sir Bakker.
- #397
- Mar 12, 2025 10:40pm Mar 12, 2025 10:40pm
- Joined Jun 2011 | Status: Trader | 15,429 Posts
Great run yesterday, still scope left to break into no man's land
- #399
- Edited 11:45pm Mar 12, 2025 11:34pm | Edited 11:45pm
- Joined Jun 2011 | Status: Trader | 15,429 Posts
You will notice in most instances the pullback on the candle after the bend is usually very small (note the wick)
This applies mainly to smaller TFs obviously. See the next chart for bends on H4
