J Look for possible trend changes at good support & resistance levels (Large Dot with Square & Large dot only) giving a HH/HL or LL/LH with a trend line break for the trend change confirmation. Just think HH/HL......... LL/LH...your basic price action............. along with the candle color change & whatever other indicators you may use for entry confirmation.JeanPierre458 wrote: Thu Feb 23, 2023 5:25 pm Good day,
I would just like to know if I'm on the right direction. I've read the latest version or V43 is more of a scalping setup. Correct me if I'm wrong please.
So I've attached a picture and trying to figure out multiple timeframe analysis with the setup. Because is the square with the big dot the "Extension" and the big pink dot the "Retracement" on a down trend and vice versa? If I go up to the 5min it shows a "medium" side dot where the square big dot is on the 1min and a "small pink" dot on the 5min where the big pink dot is on the 1min. And lastly the spike indicator shows possible turning points?
I suggest to all newbies to invest some time in studying and learning to trade price action on naked charts.
Here is a quick visual to help understand how I like to trade using price action without top-down analysis to get pips banked.