Hi, what a great thread, i have been trading s/r and PA for a few months now, generally on the lower tf's, and i should point out that a few months ago i wasnt even aware what forex was....
anyhow, my instinct has from the start told me that this will be about a way of thinking and seeing rather than any tool you stick on your chart to tell you which way to go.... nothing in life is that easy!.
anyway im rambling, but im reading through the thread and im stuck on 1 mental picture im trying to form... so dont bash me too hard if this is a stupid question (and i am going to read the whole thread)
e/u right now is in 1 of our areas to watch 1.3800 to 1.4100.... major s/r, and looking very much like a retrace of a downtrend (although it could go up i know, i am favouring a short, just how i see it)..ok, now i go down to the 4hr to look for some price action to enter..... i can see loads of pins and hammers in the 4hr tf..... how do we decipher the one!...
hope this is clear, and once again im loving this thread, this is the sort of trader i want to be!
anyhow, my instinct has from the start told me that this will be about a way of thinking and seeing rather than any tool you stick on your chart to tell you which way to go.... nothing in life is that easy!.
anyway im rambling, but im reading through the thread and im stuck on 1 mental picture im trying to form... so dont bash me too hard if this is a stupid question (and i am going to read the whole thread)
e/u right now is in 1 of our areas to watch 1.3800 to 1.4100.... major s/r, and looking very much like a retrace of a downtrend (although it could go up i know, i am favouring a short, just how i see it)..ok, now i go down to the 4hr to look for some price action to enter..... i can see loads of pins and hammers in the 4hr tf..... how do we decipher the one!...
hope this is clear, and once again im loving this thread, this is the sort of trader i want to be!