Hi everyone,
I’m new here, and am going through the babypips school.
Must not be understanding this right.
crap, just seen i can’t link it yet
It’s in middle school > grade 8 > Playing the Breaks with Pivot Points
In the first signal, i dont understand how that’s a signal to buy. its not really a marabozu, and its followed by a doji
Edit: Also, what charts are those?
It’s a buy signal, because [B]potential[/B] strong resistance at R1 failed to stop the price rise. In other words, the upward price move was strong enough to break through resistance at R1. Therefore, this upmove [B]might[/B] have great strength and be tradable.
Candlestick types and patterns have nothing to do with this analysis.
15-minute EUR/USD
Playing the Breaks with Pivot Points | Pivot Points | Learn Forex Trading
yeah i realize that, where that buy order circle was, there was no indication to me that it would break the reversal
you wouldn’t see the green bar to the right of the doji until it was too late.
Edit: Ah, i see what your saying, [B]might[/B]
Thanks
I might go back a reread what they teach about pivots but, Clint is correct also momentum was so strong going into r1 probability was high r1 would be broke regardless of the doji. I would have personally sat out of that due to the fact when price is in R level of pivot I am looking to short not buy. Good job though asking a legit question from the school. You are learning well my friend. Welcome to babypips. Hope to see you in the forums very soon 
Thanks for the welcome 
I looked at it again, and I think there is more to it. I need to go back and study chart patterns again. It reminds me of a chart pattern before the big buy candle. So there was little going on, and it seemed to just be compressing and compressing until too much pressure accumulated, and it just exploded.
Does that seem like a sound theory?
Edit: oh, what i meant by what charts are those, i meant what the name of them is, i could see the 15min on it
Not sure what you mean by the name of them. EUR/USD is called the fiber if that i what you are looking for. Also dont go digging into it to much on other parts of the school to Analise why you would go long or short there. As I said on that chart I would have been looking to sell. Your job right now is to grasp what they are trying to teach you. Once you get that you will figure out what you want as a trader later. Just learn what they are teaching then you can understand deeper concepts better in the long run. In other works dont put the tail before the horse.
ah yeah, i like that about the school, it doesn’t overwhelm you.
i meant what charting software that was. I don’t know why i didn’t say it like that before, so much clearer
Thats much better some of us can not read between the lines (I am one of them). I am not sure what charting software they are using but it does not matter. You can make almost any charting software look like that. Just play around with various demo accounts to find charting programs and trading plattforms you like. Trust me there are many good ones. Alot of scams to (that part comes at the end of the school ;))
yeah, no sorry, that was my bad.
I’ll probably go back through the school again with charting software, might help it sink in better
yeah that help me after the first time I went through the school. I went and did it again only with my own charts and it made more sense