Disliked{quote} Mike, yes I understand. Today's trade: {image} 1. I've wrongly identify this as an IB, with the 3rd bar breaking upwards (it didn't close higher than the previous high). 2. However, it seems to be want to shoot up off the EMA365 and a PPZ. Anyway, entered a buy stop about 20 pips above the bar around the resistance (for a safer trade). It triggered and when prices reached the next resistance, I closed 50%, SL to BE for 116 pips. I get the feeling I'm not seeing the right, good setups here. Also, 1. What MAs do you guys use and why? I'm using...Ignored
This was actually a really fantastic use of an inside bar, but there was much more to the story that would make it easier to udnerstand why
Price wedged up. Closed outside of it with a bub, then pulled back and formed an IB right on the pullback area. A buy above the new high is a great use of a breakout and pullback to a nice pattern.
I don't use EMAs myself anymore but James uses a bunch of EMAs most notably in this thread are the 150 and 365 ema for confluence uses. He has an MA method that combines them + a few others for use of confluence as well. You'll see a lot of that as you get deeper into the thread
Here is that euro chart
Best
Mike