Recent content by Panjm

IMHO the second attempt by Bulls to trade away from the 50 level fails and price went down to the 50 level again. This forms a double top with the first bull attempt to trade away from 50 level on the left. Anytime when 2 attempts fail, more likely the opposite scenario may occur. Since the...

I don't have the book with me but my guess is that the last trade being SB provide double confirmation of price going higher hence the author feel that the SB negate the awkwardness of the stop.

It could be referring to the support level 1.3157, which is entry level for the ARB (the high of the smallest box in figure 13.10). So if trade 2 was taken and its stop set at 1.3158, it would be awkward because price may go lower to test 1.3157 support level at the top of the small ARB box.

Yes I found there are obvious differences. You can request a trial from PRT and see for yourself. However trading this method on 70 tick chart did not work for me regardless of 4 digit or 5 digit charts.

If you are using PRT provided by your broker , the chart will display the price in 5 digits from your broker, with no way to change to 4 digit. . But if you subscribe to PRT yourself, the chart will display 4 digit. That's what I experienced.

Should be GMT+1: http://www.trade2win.com/boards/forex/153716-bob-volman-price-action-scalping-253.html#post2127490