Patience, let the trade come to you.
Break Out + Pull Back & Pure Break Outs 59 replies
BB break + trendline break 24 replies
DislikedHi PokerChip, Just to check with you, do you usually check higher timeframe like H4 or Daily for reversal and entry on H1 for 3 levels or just strictly on H1 timeframe? I know that it’s difficult to know where’s the highs and lows, but if we can figures it out that will be a perfect entry and leave it for 3 levels for it to reverse again. ( Repeat the same.) What I’m trying now is to know where’s the reversal meaning ( Highs and Lows or Rejection Candles) enter the trades and stays in the lane for at least 3 levels up & down. Let us all work together....Ignored
Disliked{quote} Hello Ron, Over the years I have tried all time frames from 15 minutes all the way to the 1 day. After back testing the 1 hour worked the best. The problem on the other time frames is a trader can get whip sawed very easily. I think that the " MM " use's the one hour time frame, but I'm not sure its just a guess. I think it all boils down to is trading imbalance, if the " MM " has a 70% buyers they'll take a pair the other direction. The way I trade, I enter somewhere around the reversal, usually above the reversal box and ride it to the...Ignored
Disliked{quote} Well explained. Earlier on I saw a reversal for long USDCAD at price 1.30770 and went long at 1 standard lot. Let’s see how it goes and will leave it for 3 level up. Now watching closely USDJPY for a short trade reversal. Might retest the high again and I will short it for a 3 level down. Ron.Ignored
Disliked{quote} USD/CAD looks like a good trade. Good luck staying in, that's a long way up.Ignored
Disliked{quote} Yes it’s PokerChip. Thanks for your chart too and I studied the market structure. Have you got in?Ignored