Forex Trading 2018- TA/FA- Setups and discussion, page-4365

  1. 2,131 Posts.
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    Hi Boss

    I look at the Charts for Weekly Direction as a guide but then study the recent Bars.
    There was a large wide ranging bar 5 days ago which will almost always form into a master bar which means consolidation.

    Now there's a Master Bar set up so I would wait to price breaks this box but I would prefer the move to be a Sell.

    Therefore if I was in trade - If your buying, place stop loss below bottom of lowest Bar.
    If your Selling, place stop loss above box.

    Good luck
    note - bottom line should read "closed within box"

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    Last edited by RickM: 27/09/18
 
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