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Ok, may be I am not understanding correctly level 4 signals and consolidation. I am even in doubt about example from the doc on the first post. Where exactly signal happens in that example:
It will happen at the last bar (from left) if it will break the previous two (of the same low, according to your post #6205)
Or it had already happen during the 9 bar (from left), then it have broken 8 bar’s low?
Now getting back, today, for my point of view, situation was very similar in the morning to the 22 of September (your post #6238):
Eur/usd is now -30 min shifted and in opposite direction comparing to that day;
On usd/chf it is now as it was on gbp/usd;
And on gbp/usd it is similar to that was on usd/chf except for breaking the level during 5:30 today, so on 22 for esd/chf the pattern was ^, and now for gbp/usd ^v^
All ‘signals’ are +/- on the border of trade time, on the edge of the prev. day range, and I do not see the strength for any of the unfortunately.
That is my path of thinking, which is obviously wrong somewhere.
If you would find some time to explain where I’m wrong, it would be very kind of you.
Hi!
I look for 2 bars at least with the same low or high for a level 4. You had another level 4 buy on USDCHF (13:00cet) @ 1,2698 with stop loss at 1,2685 or at 1,2672. It has made a high after the signal at 1,2709. You had a stop of 13 pips. And signal has given so far 11 pips.
Linear Mode
