DislikedHi everyone, Recently got into FOREX trading and upon stumbling on James16's thread, I believe that this might be a good place to start learning. As per recommendation of Jim, I will only be trading on Daily timeframes for about three months. (This might be a good time for me to start a trading fund as well) The first thing I would definitely want to master is to spot basic price action patterns. Since I am new, I am humbly asking for everyone's help. Without further ado, would you kindly take a look at my daily chart on EURUSD. It seems to me that...Ignored
There is very strong ppz directly in front of the DBHLC with spectacular 1,3 Big Round Number.
And don't even think about "agressive trade opening" (from the 50% retracement of the DBHLC, and closing the trade a little before 1,3 BRN) because there is a bunch of EMA-s as strong obstacles (ema 50 and ema 150) between the start of the trade and 1,3 BRN.
An advise: use EMA-s and Big round number indicator (attached) on your chart.
Attached File(s)
Grid Builder.ex4
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254 downloads