DislikedI was going through the PA Short Summary (attached) over & over, with intent to engrave the setups in my mind so that I'm able to immediately identify them as soon one appears. Have a few points to clarify:
[list=1][*] 2 or more consecutive Matching Lows / Highs: it says this is trend continuation breakout setup. What if it appears at swing high or swing low? Can it be taken to validate reversal? Or shd we be extra cautious of the reversal that occurs with this setup?[*]BOVB (BEOVB & BUOVB): this is also intended...Ignored
Here is a good summary of most of the bars we use in this thread. Some if it is not complete but it will get you moving in the right direction
http://www.forexfactory.com/showthre...641#post634864 1
For matching highs/lows they are a sign of support/resistance until they are broken. Generally speaking though we play them as continuations when they break for the most part
Outside bars (like all bars can be played in all locations). When starting out though you want to learn them at the proper swing points. That is BUOBs at swing lows, and BEOBs at swing high points.
Once you get good you can play bars at all locations and then it always comes down to the story. The bars themselves are a small portion of what we do here. Get good at recognizing them like the back of your hand. Get good at recognizing the locations, then begin to learn to formulate your stories with more in-depth knowledge of S/R, PA, confluence etc
Best
Mike