Disliked{quote} Here is what I saw with AUDJPY before Tokyo Open: Read Big E post#647 and interpret what he wrote in that post on the charts you trade. what he meant by: - 'big candles, small candles,' - is PA 'in consolidation or near a consolidation' - where are the recent supp/res? - look at the recent reversal candles, {image}Ignored
Thanks for this as always, just want to clarify a bit further as reading old PDF, there are questions asked like "big candles, small candles?", but answers given, all I am trying to do is to understand it fully.
So:
"Big candles, small candles" if I am trading following the trend, I should NOT trade in or near consolidation, it is the combination/pattern of candles (PA) showing me the mode of the pair, rather than the size of individual candle? Apart from telling the stage of the pair, what else do we look for?
"where are the recent supp/res?" if go long, it is better off that price is not too close to the res, means has room to run. and not far away from support? Is this correct?
"look at the recent reversal candles," what do we mean by this?
Appreciate your help.