First my mea culpa. After reading all 600 pages at the time of the trade I felt that it was not an A+ trade. My thought process was that it was at swing low. I had two green bars moving going up. I placed a limited order 20 pips above the high of the second candel, thinking that price would verify my belief if triggered. After reading BYGJJ comments on the same set-up, it apppears to had been a IB. Will go back and re-read IB setups.
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.
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:
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.
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.
