Why you should wait for your candle to close | Forex Factory

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Why you should wait for your candle to close

  • #1
  • First Post: Feb 3, 2015 3:01am Feb 3, 2015 3:01am
This is GU, 2015 02 03 4hr TF. That pin bar that will close in 90 min from there was at a point a compact bearish candle. All traders that entered near the low have been stopped out. Now it looks like it wants to get backup, and I am pretty sure some people are entering long. Will it go higher? I do not know. But I will wait untill my candle closes. Forex is about patience.
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  • #2
  • Feb 3, 2015 3:29am Feb 3, 2015 3:29am
GBP Construction PMI after 5 min
i will never trade against the DOWN trend
if the price go above this level 1.5124 will look to sell GBP/USD
  • #3
  • Last Post: Feb 3, 2015 4:22am Feb 3, 2015 4:22am
Quoting stefcio2002
This is GU, 2015 02 03 4hr TF. That pin bar that will close in 90 min from there was at a point a compact bearish candle. All traders that entered near the low have been stopped out. Now it looks like it wants to get backup, and I am pretty sure some people are entering long. Will it go higher? I do not know. But I will wait untill my candle closes. Forex is about patience. {image}
Your not yet closed bar has closed with other brokers. Lots of peeples are seeing different H4 bars. H4 is sucky sucky.
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