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- gabba replied Mar 9, 2020
Footnote: Due to the recent lack of setups on daily I have migrated to 5m time frame. Trading period is limited to avoid over trading, results are pretty good. It helps to get a feeling for this system when dealing with multiple setups per day. Too ...
- gabba replied Feb 25, 2020
depending on the duration and range you're willing to hold positions ... good luck
- gabba replied Feb 25, 2020
thanks, going alright. scarce setups lately and still holding EURGBP. and you?
- gabba replied Feb 25, 2020
long order GBPCHF image
- gabba replied Feb 25, 2020
welcome to the thread I'm considering an entry on GBPCHF, too daily chart shows higher lows and higher highs, elastic stochastic although the candle formation shows a V-shape, it is not by the book because the third candle has not broken the high of ...
- gabba replied Feb 23, 2020
there is a rule exception if the second candle displays reversal with large wick, like the shooting star on the chart. in that case place an order below the second candle
- gabba replied Feb 23, 2020
one candle late, I would say ...
- gabba replied Feb 21, 2020
true, it could be higher low forming on 4h and stochastic is elastic. in this case I referred to daily chart because of the obvious pullback from s/r. weekly also supports a bear move at least until previous low the placed short order order has not ...
- gabba replied Feb 20, 2020
well done
- gabba replied Feb 20, 2020
IMHO: 4h suggests a bullish movement with higher lows and higher highs. but it's also heavily overbought as stochastic indicates on weekly higher high and higher low might also indicate a bullish move so there might be the chance of a retest of the ...
- gabba replied Feb 20, 2020
I placed a short on EURGBP early entry second candle exception nice pullback from previous s/r and elastic stochastic image
- gabba replied Feb 17, 2020
thank you. I see, as always in trading, patience is key. let's see how NZDUSD develops I'm currently also watching GBPUSD for possible short and AUDNZD, USDCAD for possible long setup
- gabba replied Feb 16, 2020
thank for your answer. so the 123 candle pattern should not just have some kind of v-shape. it has to meet detailed criteria to serve as an entry signal?
- gabba replied Feb 14, 2020
@ghbdr thank you for clarifying I have spotted this one on NZDUSD. on daily chart price retests s/r with a 123 candle formation with elastic stochastic on 4h chart there is a slight hidden divergence on weekly and monthly charts lower lows and lower ...
- gabba replied Feb 12, 2020
thank you for your comment. I shall watch out for that in future. break and retest seems to offer a higher probability for profit the reversal short formation on W1 you mention, do you refer here to the lower high?
- gabba replied Feb 12, 2020
long on GBPCAD aiming for TP 1.5R ... at least 1R I just noticed ... this is more like a bounce from a previous s/r level Not a break of s/r and pulling back to it @ghbdr could you please comment on the validity of this entry? image
- gabba replied Feb 11, 2020
cosed AUDJPY at 0.5R. Pretty frustrating because it has been already below 2R. also closed EURCHF in slight profit. I had waited for this trade to turn positive for a week. It was an entry one candle too late. long on GBPNZD since yesterday, short ...
- gabba replied Feb 11, 2020
Nice one. I have been profiting on that setup, too. also having a CADJPY short pending
- gabba replied Feb 10, 2020
I would prefer for ghbdr to comment on this, so that it broadens my comprehension, too. as far as my understanding goes, the first two candles should be bearish and the last one bullish. if the next candle closes with a higher low, the v shape ...
- gabba replied Feb 10, 2020
the candlesticks don't really meet the rules. if I have understood it correctly, we need a V shape where the third candle should have a higher low than the second candle those criteria are not met on GBPCAD