FREE Double Top/Bottom Indicator - Very Good Edge

The following screenshot shows the H4 chart of GBPJPY with the indicator Heiken Ashi attached.

Move phases in an uptrend can be also defined with the Heiken Ashi. In an uptrend the green moves are the move phases:

Announcement!

I will soon provide analysis of the bigger picture of different trading instruments on my website. You can then use this analysis to find good Trend Continuation Double Top/Bottom setups on lower timeframes in direction of the bigger picture.

Details will follow.

I love such great feedback. Thank you

Such feedback makes the hard work even more worthwile!





Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

I'm working on the new service: Big Picture Analysis

The technical analysis will help you making better decisions. Signals in direction of the bigger picture produce on average a higher winning percentage and bigger winning trades.

I'm preparing an article "How To Trade Double Tops/Bottoms".

Here are the first 2 sketches:





FREE Double Top/Bottom Indicator

The alerter-tool gives you alerts via MT4, E-Mail and Push if DTDBs occur on up to 30 instruments / 8 timeframes

Hello!

The article which describes 8 variations of trend continuation double tops/bottoms is ready: Trend Continuation Double Tops/Bottoms

You can use the article as a guidance to trade with the Free Indi.

One of those double bottoms near the trend line



Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

Can't have a better start into the day than seeing such great feedback in our telegram group



Go get the FREE Double Top/Bottom Indicator

Then join the FREE Signals + Telegram Group and learn from experienced traders how to trade the setups

Then, if you are convinced of its value, you can use the Double Top/Bottom Alerter and never miss the great setups

That's the setup which the group traded yesterday:

Today's double top signal on USDCHF M30

At the end of the downward trend on USDCAD a climactic move occurred. The downward trend was visible e.g. on H1. The herd got heavily short during this climactic move while the market maker got heavily long. You will see climactic moves very often before the trend will be reversed.



After the climactic move and within the reversal, an upward trend formed visible e.g. on the timeframe M15. A double bottom occurred on M15 at the rising trend line and gave a 9R winning move.



Because the right leg of the double bottom wasn't the lowest low of the downward trend this was NOT a trend reversal double top/bottom.

The double bottom on M15 was a nested setup (smaller setup within a bigger setup). It was a trend continuation double bottom on a lower timeframe within a trend reversal of a bigger timeframe. Such setups get an extra boost from the bigger picture.

Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

Trend continuation double bottom on EURGBP:

Targets were reached very fast (35 minutes):



Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

The double bottom could have been a 5R winner if I had chosen the descending trend line on H4 as a target area. But i'm happy with my 2R winner which was based on the upward trend channel on M15. You need to define a rule set which fits your personality.

The FREE double top/bottom group is quite active! 131 members until now and it's growing every day.



Very good discussions. You can learn from experienced traders there!

You can join here: FREE Signals + Telegram Group

Great feedback in the group

Some messages from the group need to be posted here. This one is dedicated to the few haters who posted here in the past

GBPJPY jumped away from the rising trend line which can be drawn on H4 and gave a nice trend continuation double bottom:





Read more about Trend Continuation Double Tops/Bottoms

This makes the hard work worthwhile. Thank you guys for this great feedback

This was one of the setups from last week which was alerted in real-time by the alerter-tool. The members of the telegram group traded and discussed this setup:



Free Double Top/Bottom Indicator