DislikedYep, supply and demand. I think you get the idea.
Zoom in to 1 minute and look at how price left that point.Ignored
Observations Of A Newbie Trader 13 replies
Bemac's GBP/USD Observations 9 replies
Rainbow Patterns/Observations 171 replies
Charts Observations 135 replies
Example of 6am candle. Levels marked in pink.
See how price respects it? Strange.... (not always, just often)
It is (one of) my points of reference.
Entry -> moving away yesterday's 6am candle.
Confirmation -> reaction from 6am candle.
Trade management -> today's 6am candle.
Where is price going -> back to 6am candle in the blue box.
Why... fucks know... just seems to do it often enough to be of advantage
Of course, it only a part of the picture, but it is important to me.
I hope that example helps.
DislikedSame concept, yes. Hanover has an awesome indi called "Daily LinesBoxes.mq4". I use that.Ignored
Dislikedand there you have it... to the very pip
(now now she will bounce back up)Ignored
Dislikedexcellent work, as always.
i do not know that you or wmd trade these kind of breakout. they are one of my favourites.
what is interesting to me how you and wmd price target is aligned with my own..(even though we took different routes to the same price action conclusion)
DislikedCouldn't get that indi to show up on my MT4, I guess I have to read that hanover's thread to figure it out.
Anyway, had a chance to do an eyeball test on the 6AM UK line, very promising -> an exploitable edge with proper money management.Ignored