Dislikedso.....Is anyone looking into the PB forming on GBPUSD?
http://charts.mql5.com/1/138/gbpusd-...ancial-ltd.png
Or would this qualify as too weak as it is against the trend and too small?
I think a PB in the opposite direction would be better. Don't like to pick tops n bottom.Ignored
Nothing wrong with picking tops/bottoms under the right circumstances. In this case yes I would say that bar is too small and to be very careful. I find it much easier to either wait till a big bar pops out, or wait for a story to unfold like I posted yesterday on the gbp/usd. These little bars get a lot of people into trouble on the smaller timeframes(and bigger timeframes). Watch the 1.5 is what I am doing
Best
Mike