hi fxgroup
you are great. thanks you
you are great. thanks you
M candles / Custom candles for second charts 1 reply
Calculating only buy candles vs sell candles 2 replies
Platform which enables the rewinding of candles 3 replies
Missing candles? 1 reply
I need more candles! 4 replies
DislikedNo, it's not. In order to be a 2W bearish PB the second bar should have been the same size or larger (closing below) of the first bar.
Moreover, the (downside) tails show some buyers.
Therefore you have a decent chance price next week really behaving like this was a 2W PB but it's just "decent" not "sure".
Look at the next post (GBPCHF) of the same person, that one is a 2W PB. Once again, that PB is not really nice, as the first bar is acting somewhat like a PB itself and the second is more alike to an indecision bar (similar shadow and...Ignored
DislikedHi, thanks for the clarification appreciate it. In the daily, I notice there are 3 pin bars in the first 3 days of the week and subsequently prices are making lower low. I take it, its a signal to go short?Ignored
Dislikedpb within the RM (not a class A pb tough the tail is not long) what do you think will be the next step??Ignored
DislikedThe next step is for me to remind you what's this thread is about: "Beyond the candles".
Now, this might sound like an odd reply but it's really the best I can give you.
When you ask yourself "I see a PB / RM, what's next" you should ask yourself: "why am I asking what's next, when price tells me it already?"
Now let's analyse how and why.
Monthly chart
Price talks, often it talks so much that it's difficult to discern what's a bait and what's "real". Let's fire up the talking price, sitting on the monthly chart (attachment...Ignored
DislikedHi, sorry for not being clear. I am referring to GBPCHF, as shown in the attached. I circled the PB in the picture.Ignored
DislikedYou can't use "stale" signals to determine a price target. I call it stale because by now that PB target has been reached already so there's not much you could "squeeze out" more from it. The target was the price low of the bar 3 bars before it.
If you want to look at targets with a longer time span, you have to switch to the weekly or monthly charts. There, when you see a PB you will have a couple of days on daily to see price going through such PB target(s).Ignored
DislikedHi All,
It is quite simple, but not easy, as we have to pay attention on good MM.
P.S Exactly Michael, right about pattern, well spotted.
I was wondering why there is not much intresting in this thread, from my point of view it is one of the best I ever read.
Maybe Fxgroup is too buisy, but all simple principles were explained and the rest is just digging, like Dfumagali advised.Ignored
DislikedHi Fxgroup,
I have a qustion for you: these two for EURAUD, which one do you think is right. I feel it is not a RM.
Please comment.Ignored