Missed this beautiful trade yesterday...
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The price has to have bounced from a support/resistance level.
The candle has to close with a sign to say price may reverse.
DislikedHi. This looks interesting, thanks for sharing. Trying this strategy on demo (4 hr charts) with a few of my own rules: 1. I'm still following the rules of ensuring price is below/under the EMA on the three time-frames. But: 2. I'm waiting for the stochastic to enter the overbought/oversold area. The price has to have bounced from a support/resistance level. The candle has to close with a sign to say price may reverse. I've attached a copy of an entry I made on GU. Trend is down and the price has entered overbought territory. It has also been rejected...Ignored
DislikedVery first time that i feel so confident in my trading...Thanks WDaouFX...Any opinion on my analysis of this setup : {image}Ignored
DislikedVery first time that i feel so confident in my trading...Thanks WDaouFX...Any opinion on my analysis of this setup : {image}Ignored
Disliked{quote} Unfortunatly i dont this chart at my broker *eurhkd* but i think just by looking (guess) the first lower high this triangle made would have been a profitable setup. check it out.Ignored