{quote} It looks like you found a good way to trade through "cup and handle"Looking forward to see more......
Calculation and entry
Followed by Tp being hit before crack of bottom of cup.
The Earth is flat!
{quote} Thanks. So far so good. Sad to see people not asking questions.
More variations of the formation?
Which trade do you see as "good" and the "best" one to take ?
Do you use support/resistence, pivots, round nummer, time of day?
Why do you use so different lots (sometime 0.1 and sometime 3.3)?
You seem to be very confident in your trades......
It must be an edge.....
I want to know more for sure
(If you want to share?!)
Regards
- Joined Sep 2017 | Status: Member | 1,325 Posts
Attached usdchf 5m (almost the same setup is on higher tf).
In basic language:
- is a good sell moment when green cross red?
- later green intersect red few times, is the 1st sell still valid? sl (which I may think is the high red bar from the left) is not yet reached. Or exit with as much as you can as tp might not be reached?
- last, supposing that green will cross red, will the buy be valid?
Maybe you could show a few cases where the setup is getting invalidated.
What about conflicting scenarios on different tf, on 5m is a sell, on 15 is a buy, on 1h is a sell ... should something be considererd?
Maybe you explained it well and no other question is needed ... could we go to other pattern?
In basic language:
- is a good sell moment when green cross red?
- later green intersect red few times, is the 1st sell still valid? sl (which I may think is the high red bar from the left) is not yet reached. Or exit with as much as you can as tp might not be reached?
- last, supposing that green will cross red, will the buy be valid?
Maybe you could show a few cases where the setup is getting invalidated.
What about conflicting scenarios on different tf, on 5m is a sell, on 15 is a buy, on 1h is a sell ... should something be considererd?
Maybe you explained it well and no other question is needed ... could we go to other pattern?
- Joined Sep 2017 | Status: Member | 1,325 Posts
Apart of us growing as family on this thread would be us finding all the variations together.
Plenty cases on high tf, I post one on eurcad h4.
Green crossed red, was a news event, now: when is the good moment to enter?
Since the tf is high, it is less probable that a drop to tp will suddenly happen ... it took 6d to make it up, might take another 6d to go down. Also, just after the intersection the price is not so favorable. Then the key is waiting with a good mm plan behind? or ... something to add here?
Maybe now the lower tf(s) will indicate if the expected will continue to be valid or not? ... a magical formula.
