Seanyd,seanyd » Thu May 21, 2015 9:06 am wrote:
Hey Guys this is the way I look at it 3 days of Lower lows today I was looking for stophunt low rise went up about 115 pips got an easy 50 outa that , hope this helps , I am learning the higher time frames my self , so it gets tricky , we are looking for high probability scenarios tricks and patterns of the fox , the truth is in the charts and CJ`s posts along with Dudests and other key contributors Kwan and Xrismak to name but a few
Thanks for the post. It helps to have some explanations of PA. I can't seem to get M15 history for global prime for the period where the thread actually started.
In the example you posted, immediately after the first low (marked on 15th May), there is a high which exceeds the daily open/asian range (not actually in your picture). I though these sorts of formations would reset the level count.
Or does this only apply if it exceeds the most recent high (in this case on the 14th May).
Other than the question above, I can see why you would have taken this. The drop/SH before the rise also appears to have occurred just underneath the previous months high along with pins to the ow forming trapping volume too.
Ahhhh it's so easy looking back
Cheers,
BobbyT