For an engulfing bar in FSO methodology it is a requirement that the body and wicks of the previous candle are all engulfed, not just the body of the previous bar.
Entering EURSGD bullish engulfing which closed just above 1.710
Targeting the green lines.
I dont have EURSGD on my broker, care to share the typical spread on this pair?
thanks
Right now roughly 3 pips: 2.3 spread + 0.4 commission.
Hey guys, what do you think about this one. Only when it the actual bar will close as a pinbar.
Do we have too much traffic here?
You hadent waited for that last pinbar to close and it dident end up as a pinbar,well not on my charts anyway which are NY close, its not worth second guessing candles until they close .
That aside, there’s very little room moving into the first trouble area.
I use Axitrader and they are using NY Close.
good on you revile ,like ivano said bit iffy that one,happy trading 
Dealers regularly validate price action signals to induce retail traders to take their unwanted inventory.
[QUOTE=“HiddenHandFX;631388”]<img src=“301 Moved Permanently”/> Dealers regularly validate price action signals to induce retail traders to take their unwanted inventory.[/QUOTE]
Can you be more specific or arrange a better image, as I cannot read it?
I think your possibly on the wrong forum here.
Hi
Dont understand your point here.
Please attach better picture.
Hopefully a bit clearer but let me know if you still can’t see the details. You’re looking at a GBP/USD weekly chart with disaggregated financial futures data above highlighting the net positions held by the Dealers (red line) and Leveraged Funds (blue line). Note that the Dealers are significantly long at the swing lows and short at the swing highs. Inversely, the Leveraged Funds are significantly long at the highs and short at the lows. Historical highs and lows are characterised by points of extreme divergence between these two market participants who are collectively responsible for the majority of traded volume. Note the current divergence. More to follow.
Please excuse me if I am but I feel that I may have something valuable to offer the discussion, which I believe is in regard to price action. In a Dealer Market an intermediary (Dealer) is required to absorb the buying and selling demands of market participants and then seeks to match these orders internally, resolving inventory imbalances via it’s own trading activities with both customers and dealers alike. This creates a two tier market, the dynamic of which is centred around the interaction between dealer and customer (Tier 1), with price discovery resolved in the 2nd Tier, the interdealer market. Dealers will regularly (everyday) validate price action signals to [U]induce[/U] traders into taking positions that lightens them of unwanted inventory and consequently this type of analysis can be a tricky game to play. This is sometimes referred to as the liquidity effect, which is just a fanciful expression for a D**k Turpin event. I mention it within this thread to simply help raise awareness.
BUEB on AUD/CAD Daily near previous strong resistance zone.
This is also near super VBRN and major weekly zone if you look back.
On my chart it is not fully engulfing the previous candle and the PA is very small to my eyes (not saying it won’t work though) the level we are approaching is very interesting indeed
First let me tell you welcome to BB & this thread
what you are posting might be relevant to PA in general but I can tell you for sure it is not relevant to anything discussed in this thread.
Kindly take the time to read the first few pages of this thread and you will quickly realize that the approach is very strict and simplistic
welcome again
NZDCAD Fired off small BUEB, but am not looking to trade the EB, rather looking for either price to move higher back into the old support new resistance, or break lower and then look for a pullback and get short.
NZDCAD Daily Chart
Johnathon
