[quote=Atc;
Next, I am concerned on the size of the PB in relation of the PB and wanted to ask you or to clarify for others if I am correct that you would wait for confirmation on a lower TF to see if this wkly PB is in play before trading it straight up on the wkly.
Is this correct?
Bill[/quote]
Follow up on one of last weeks eur/usd PB...if i remember there was lots of interest in the PB's on the weeklies last weekend to which they were passes for me...I wanted to point out that the eur/usd worked even though I commented last week it was doji like when combining it with the previous bar...However, it took some time to pan out and trigger, but it did work and would have hit the first target...as you can see from the daily you could have waited for the break of the PB or waited for the retrace to resistance which turned to support which is displayed on the daily TF if I am seeing this correctly...this would have confirmed that the weekly PB was valid and further support the trade...
What do you think...am I seeing this correctly...any comments welcome
Next, I am concerned on the size of the PB in relation of the PB and wanted to ask you or to clarify for others if I am correct that you would wait for confirmation on a lower TF to see if this wkly PB is in play before trading it straight up on the wkly.
Is this correct?
Bill[/quote]
Follow up on one of last weeks eur/usd PB...if i remember there was lots of interest in the PB's on the weeklies last weekend to which they were passes for me...I wanted to point out that the eur/usd worked even though I commented last week it was doji like when combining it with the previous bar...However, it took some time to pan out and trigger, but it did work and would have hit the first target...as you can see from the daily you could have waited for the break of the PB or waited for the retrace to resistance which turned to support which is displayed on the daily TF if I am seeing this correctly...this would have confirmed that the weekly PB was valid and further support the trade...
What do you think...am I seeing this correctly...any comments welcome