Disliked{quote} Indeed, to the pip! Ability to often spot a level where the price is likely to turn - how to turn this into a profitable trades? You would not put a limit order at a likely reversal point, would you? So we are using power zones as a filter to pass on trades that would have to bust through?Ignored
The key I've found is to look and identify recent setups that I myself would have been interested in taking, that didn't work. If I was interested in them, it's likely other professionals were interested in them too and are still in them. Those are the things you don't want to ignore.
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If you can't tell what the herd is doing...you probably are the herd.
. Here´s what I see (let´s assume, that today bar is really pinbar). As you said we are in uptrend, so you´re right that you would be trading with the trend and not against it. The bar also tested 1.5 BRN (although I´d like to see its nose protrude more under it) and previous consolidation (marked orange). But I would not still trade it. Here´s why. This pin bar should be traded at swing low but here we would trade it as a continuation bar and we would trade right against previous swing high (market green). Don´t get me wrong outside bars and pin bars can be traded as continuation bars but it´s more tricky (trust me I got burned a lot of time) and it needs some practice (still working on it). Still just my opinion as a beginner. Hope this helps you somehow.
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