no doubt even that was a SoW (the next bar is a downer), in a downtrend bars with such narrow spread are supposed to be & someone with more experience would of shorted it than & there but not me. I didn't know what to make of the activity in the ...

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I was of two mind at that no-demand there- to short or not to, price just hitting my target (blue horizontal line), guess confidence comes with experience. image

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I think those major & minor S/R levels are fibbo levels, right? so could you show us what is the 0 & 100 level of that chart please? Thank you

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Thank you everyone for simplifying things here... about shorting at that point, well the close of the high volume bar in question was well off the low I wouldn't want anything like this in the bg if I look for a short, also the spread of ...

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exactly this shakeout is killing me, I just have to convince myself this is shakeout or mebbe tis not, go back to reading text books & end up getting more confused. can anyone please clear what is that bar there, thank you. image

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can anyone help me decode this chart pls.? should I wait for the PA to clear those zones before I can consider going long? image is that SO (pink) a sign of strength? image Thank you.

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image

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Thanx for this, nice explanation

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Thanx CurrencyPlun here's a 30min chart of CJ we can see the breakout image let's take a closer look at the same 30min chart image bars 1 & 2 have weak close with bar 2 being an UT, this only suggests the high volume (green) of the breakout ...

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How to trade breakouts? look for a NS after a breakout? anyone??

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Thanks for the comments. when that NS formed on 4H it was 0230 local time, I was sound asleep now waiting for the 21MA to catchup image

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EN/8H some nice buying going on image

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I don't know, I dont see any teasing by the SM at that level i'll wait & see if it closes back into the range

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yeah I'm in no hurry, thanks

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Daily chart of of GBP/JPY, broke out of the range & tested image Backup testing on 4H chart image

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thanks

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posted earlier image you wait for the breakout point to be tested & ...... image

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posted this a few days back image broke out one more time today image

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EurNzd 1hr image

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Right now I have only this to console myself with Thanks for the post. this was very encouraging. Hope you don't mind if I save that image of AJ (buying on dips). it is is easier to learn that way.

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