Thank you for the answer boss, but I'd like to have your advice the pictures below, for EURGBP, its a value line was formed, all time frames are down trending, I assume this is where I sell pill backs, right?BeatlemaniaSA wrote: Tue Oct 10, 2023 3:06 pm Hi marwanm,
Yes, that is the general premise of ATS. Buy when the price is below value and sell when it is above value in line with your higher timeframe bias. However, please bear in mind that just because it is under value does not mean that you HAVE to buy.
Generally, I prefer the H4 over the daily as there can be enough movement on that timeframe before it shows up on the daily.
With regard to your TP, there are various ways you can set it. Liquidity lines are just one option. You can also use, order blocks, order block projections and/or FVGs. It all depends on the pair and the movement it has done already.
Wishing you success with your trading.
Beatle
For CADCHF, the line is not yet formed, so I'm supposed to wait before I pick a directional bias, am I right?
Also when you say I don't have to buy, do you mean I need more confirmations?
The Two pairs I picked previously went up after I closed the deal on break even, but it's alright, a boost of confidence that I was able to pick the right bias. I've been struggling with directional bias for the last year
