Hi Alien,
Sharing my thoughts on H1 DS with M1/M5 entry.
Please comment if you can.
This setup will be another strategy for my arsenal. The main thing is to wait for H1 DS setup and entry will be the same as my normal M1/M5 entry.
H1 DS set up does not happen often, but when it occurs, it is a powerful setup as we can predict the direction (trend) of a particular pair.
Attached will be an example of this setup in EJ on Friday.
EJ H1 DS setup happen 0600 my chart time.
BB Squeeze breakout in H1 combined with H1 DS !
Enter shorts only, start looking for shorts in M1/M5 after seeing H1 DS.
The best type of DS setup is when the RSIOMA is at 20 or 80 and also a BB Squeeze breakout. ( totally my opinion )
Entry-
Number 1: This entry is based on M1 signal, ADX, Stoch, RSIOMA all confirmed.
Number 2: Entry based on M5 signal. ( I will be careful and try not to take entry like this because that M5 candle is about 25pips in range. )
Number 3: Reentry in M5 signal.
Number 4: Entry again in M5 based on ADX, Stoch, BB Squeeze breakout and also M5 DS setup.
Take profit at projected at 200% in the fibo projection or till your account burst with pips!
Sharing my thoughts on H1 DS with M1/M5 entry.
Please comment if you can.
This setup will be another strategy for my arsenal. The main thing is to wait for H1 DS setup and entry will be the same as my normal M1/M5 entry.
H1 DS set up does not happen often, but when it occurs, it is a powerful setup as we can predict the direction (trend) of a particular pair.
Attached will be an example of this setup in EJ on Friday.
EJ H1 DS setup happen 0600 my chart time.
BB Squeeze breakout in H1 combined with H1 DS !
Enter shorts only, start looking for shorts in M1/M5 after seeing H1 DS.
The best type of DS setup is when the RSIOMA is at 20 or 80 and also a BB Squeeze breakout. ( totally my opinion )
Entry-
Number 1: This entry is based on M1 signal, ADX, Stoch, RSIOMA all confirmed.
Number 2: Entry based on M5 signal. ( I will be careful and try not to take entry like this because that M5 candle is about 25pips in range. )
Number 3: Reentry in M5 signal.
Number 4: Entry again in M5 based on ADX, Stoch, BB Squeeze breakout and also M5 DS setup.
Take profit at projected at 200% in the fibo projection or till your account burst with pips!
Pivot Boss in the making~