USDCHF D1 BUEB. Too bad there is no room since the resistance is very close.
Looks very similar to the GBPCHF last trade I took.
Based on S&R I am going to short this pair once it hits my target entery leverl. Obvious PB at a swing high. I failed to mention the pair GBPUSD in earlier post.
wich pair?
Same question here… which pair?
Hm… For first pic and BUEB shoud not your previous bar (this before big green bar) be a red to be valid the Engulfing bar?
Everywhere the examples are - small red bar and big green for BUEB or small green and big red for BEEB.
And one question for those who know more, for valid engulfing bar shoud the two bars has to be almost on the same line or is it matter only the last bar to be bigger and with different color than previous bar? Like this:
Maybe is not considered a BUEB price action signal then since the previous candle is not red.
I hope I can monitor this pair but I need to sleep. It is @ my zone. I would be looking to go long if there is a valid PA here. Any comments.
GBP/USA is the pair that I was speaking on. It was in response to liangko post #6123.
Are you aware of swing lows and highs and how they are important for us?
Can someone who uses the period converter explain how they set up their MT4. I want to use H8 and H12 charts as well as the dailys but I am struggling to get everything set up so it is easily accessible. Also although I can get the converter to work, every time I change profiles it resets the chart format to horrible black and green grids where as I have them set up very similar to Jonathon and Dudest.
Any help would be much appreciated thanks!
I woke up and it is now on the sell zone. Will abandon idea.Will check other pairs.Seems like nzd will go up.
Add to your indicators and then on a chart you want see the multiplied time frame and add the indicator. Then go into open offline chart. Open the one you want and it will be there. Change colours etc and all will be set. This is short answer as from phone but if you need bigger explanation let me know and will do in morning if someone else does not do it before then.
Thank you Jonathon but I have figured that bit out. Do you then keep all the different charts open along the bottom tab (so there would be 27 pairs x 4 time frames) or save each pair’s multiple time frames saved in a separate profile (so 27 profiles with 4 time frames in each)?
What has been happening is I have tried to save each pair as a different profile with 3 or 4 time frames per pair, but then when I leave that profile to open another one and then go back again the offline charts have reset back to the default color scheme etc whereas the 4 hour and daily ones are as usual.
Sorry if this doesn’t make sense -if it is a nightmare to write on phone there is no rush
Cheers mate
Hi bygjj. I think we got it already. The price didn’t broke yet the BEEB and PIN Bar.
4H GBPCHF Bearish Engulfing
12h GBPCHF Pin Bar
Yes of course and the big green candle hire is one spot swing high (Im sure that)… I just asked you is it matter that this 2 bars arent side by side to be engulfing bar pattern? Also if we have swing high or low and price doesnt formed any of this patterns (pin or engulfin) what you doing then what you looking for signal that price will go back? I saw two more candlestick patterns- inside and outside bars, do you use them John?
Excellent area imo bygjj… gonna watch it myself … lets wait and see how it pans out…:59:
Seems like it. It might go down. I wish it goes up more. Will not trade it.
Yeah. Looks like this is going down. But I already placed an order in gbp usd. It was already triggered and at BE. I will pass this setup since it did not meet one of my criteria. But double pin. at the right level. On a downtrend is already good. Good luck to all.