Have not heard of this and could be a good way to look at it however has one bad point. In a setups that has a massive PA signal such as the USDJPY 4hr trades I posted in here a while ago we could be having entries 20 points or more away from market.
The better way to do it is work out the amount per time frame and then use the same buffer per time frame. Gonna leave it you guys for the rest. You are all smart people.
Do you think itās really so deadly thing about that 3 times bigger wick than body? I understand it but itās mainly cause because of strong bearish close which I get as plus, just to be clear, yes, itās fact that this condition isnāt met but maybe itās not so big thing in this case (maybe someone also get point of view).
I agree about the 127.00 but I donāt see it as a so core level in recent times, and thereās also the HH fact. Well, apparently itās not A+ setup.
Oh, I thought you were pointing out at the yesterdayās pin but you asked about the pin from the last week, so Iām sorry. As for me I did not trade it because I was in EUR/GBP trade and I wasnāt sure about it.
Hey bluebird that was a valid pin to trade, I wasnāt in that one I think because of eurgbp trade.
The most recent pin formed on gbp/jpy daily I didnāt take partly because I wanted to see it close below the 127.000 level
Iām not sure where this is going yet but it looks like it is forming a 2BR or BEEB on this AUD/NZD D1 chart. Iām not 100% of the significance of this level though. However, if it strong enough it would signal going back down with the trend. I guess we can just watch for now. What do you guys think?
there is a level there at 1.2670ish, aint saying its significant thoā¦
if a 2br does form its looking kinda smallish atmā¦
I was watching 1.2570 for a short , but price busted straight through thereā¦
yawn, its getting late here ā¦ am off to bed gānite all :24:
yeah youāve got a point there with the eurjpy daily. even if you post an order on the 4hr pin you will not be in the trade yet since it hasnāt broken the high of the pin yet. thanks for your input about the 2br.
Did you get in on this one? Iām already in green and locked in some profits. Not much but like I said, this trade is more risky so less profit. It was worth the wait as Asian session kept on pushing it up and London as well, it finally started going down now in NY.
I wasnāt in it as I donāt check my charts on Fri evenings, but Mon mornings and it has already been way down from the PB break which would be considered chasing a trade imho.
I think I will have to start checking Friday daily charts and setting orders on Fri eveningā¦ but Iām worried about bigger spreads over the weekend. Although I have been trading daily charts only so far, so not sure if the spread will be so considerably bigger? few more pips out of 70-120 pips large daily signalā¦? What do you think guys?
Correct, not forming a PB after blending them together.