the yellow traffic i highlighted
hey mate
you need to read all the links in the first page
No indicators on posted charts please.
Cheers
Neither a 2BR nor a BUEB mate.
Ok cool will do @ Justise
Hi guys, two question for the exprienced PA traders:
1)I was wondering myselft how to decide what direction is the trade when we trade from H4 charts, do we look in to Daily charts to know hows the trend? or do we look at H4 and detect the trend or ranging from it? I know many of you would tell me that if we are going to take a trade from a H4 chart then we should look at H4 trend to know if we are ââgoing with the trend or against itââ but it seems like the Daily trend is more reliable⌠althoug Im not sure if its the best to look at it when taking H4 trades.
- I been using a 100 or 200 EMA to see if trend is up or down (if price is above EMA then trend is long, if price is below EMA then trend is short) do you use other method or have a different one?
Esteban
ok cool, tnx
Hi Esteban,
Market structure analysis based on time frames has been discussed numerous times and there are many invaluable
links on the first page of this thread.
To sum it up,
-if you take a trade based on a lower TF you analyze market structure based on that.
-if you analyze on the daily than you would look at lower TFs to get on the momentum
if the daily doesnât offer any good signals.
Ema or Ma are nice, but are simply not necessary. Daily support or resistance does the job.
And again there are great links on the first page regarding identifying trend.
Hope that helps.
Cheers
IMHO, tail is not long enough for me, and body doesnât close inside previous body. Anyway I hope it works for you!.
Hi,
It seems that price on the daily has retraced all the way back to the flip zone.
Now with a valid pinbar on your charts it seems to be a smart play. The pin looks a bit small though.
I wish you all the best on this trade.
How are you managing it?
cheers
I always learn something new every day. I thought the pinbar should close within the previous candleâs body. But now I see that the tail/wick counts too. It can close within the whole candle including the wick and the body. Right?
This is proper pin bar setup:
So this one too:
Fjanos, love those pinnochio bars! The longer the wick the better even when CT setup.
I almost advised you against that short, but didnât want to mess with the threadâŚthe daily closed higher.
The CAD and GBP pairs really got pushed hard by the news yesterday. If you look in H4 youâll find quite a number of small 2BR and small pins that got shot to death.
TP hit yay 
Nice! Keep it up :35: