{quote} Hi Geges, isn't it against the trend? I noticed the setup also but did not liked the second bull candle at at all so I left that one. I wish you get your profit though
EURUSD has been making lower lows since the start of the year
High Level Accuracy Method With Little To NO Draw-down
- #1,842
- Edited 7:57am Feb 18, 2019 7:44am | Edited 7:57am
Idea trade that I took today.
If you were to look at this, there is clear accumulation at the left hand side. Setup appeared at the end of accumulation. Waited for the price to pull down. The sell setup would have been invalided otherwise (ie price moved up). Placed the pending order only after seeing that the price pulled down to a good level (subjective thing).
Price came back in short order to retest the area and I was in the trade. The TP is the structure low and it gets hit pretty fast as well. Nice, quick trade.
If you were to look at the higher TF, like H1, this is a clear uptrend. But I took the trade nonetheless as higher TF trend does not really matter for M1. What matters more is the recent price action after the setup and accumulation together with ideal candle body sizes. If someone did a lot of backtesting and beg to differ please state it, I am learning new things everyday.
FXC does this follow your ideal blueprint and is there any way to improve upon this? Thank you for patiently helping out newbies like me.
Cheers and happy trading people!
If you were to look at this, there is clear accumulation at the left hand side. Setup appeared at the end of accumulation. Waited for the price to pull down. The sell setup would have been invalided otherwise (ie price moved up). Placed the pending order only after seeing that the price pulled down to a good level (subjective thing).
Price came back in short order to retest the area and I was in the trade. The TP is the structure low and it gets hit pretty fast as well. Nice, quick trade.
If you were to look at the higher TF, like H1, this is a clear uptrend. But I took the trade nonetheless as higher TF trend does not really matter for M1. What matters more is the recent price action after the setup and accumulation together with ideal candle body sizes. If someone did a lot of backtesting and beg to differ please state it, I am learning new things everyday.
FXC does this follow your ideal blueprint and is there any way to improve upon this? Thank you for patiently helping out newbies like me.
Cheers and happy trading people!
- #1,843
- Feb 18, 2019 8:03am Feb 18, 2019 8:03am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
{quote} I'm sorry, you're not making any sense now. If you don't want to be constructive here, you can troll else where, there's plenty more threads you can do that. Take care. ATB
thank you for providing your know how. Unlike many others you are able to clearly explain your setup.
I have a question though,where should we enter the trade? Let's assume there is first bull bar, 2nd bull bar and 3rd bear bar.
Should I wait for bars to close to get the setup finished and then wait for next touch of the price?
I am adding image to make it more clear.
I like what I trade, I trade what I like
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