Today until now we had a couple of LoF's (with confirmation in several TF's - Re-entry etc.). EURUSD, EURJPY, EURAUD, GBPUSD, GBPJPY and so on ... nice run today.
{quote} DEeruser, please define confirmation of LoF more clearly. That is, not finding LoF, but how to confirm it.
and guys just let me tell you a simple summery: we know when we have an Extreme and a Reverse candle next to that, there must be a pullback atleast to MA5 - this pattern is working 80% of times - so we can use it as our main rule for higher time frame and then catch Reentrys or MHVs in lower timeframe. as simple as this! but if you want to catch Reentrys all where, we need to use more confirmations like S & R in higher time frames. so the main map for trading BBMA is 1- in higher time frame, looking for a force that have the ability to move price...
{quote}... Mate, do you have a specific example for me to explain to you? last entry GBPUSD?
{quote} please define your question differently, more clearly. maybe got something wrong.
{quote} What should we see at the moment when Extreme (on any timeframe) is just forming (not completed)?
{quote} How to confirm that Entry = retest MA5 or LoF will be good, and we will close on Opposite WMA5 with green pips in your pocket
Selling here? {image}
... OK, what is goal? TP 3 pips? If Retest and confirm multi TF's - yes, for 3-4 pips ... when the risk is worth it.{quote} M5 why not M1?!
just an example of EXT
