Emma, In post 1 you outlined the V Pattern set-up. From the GBPJPY daily chart it appears one should take the entry at the pricel-level at low of the BOB or above. Not at the price-level at the close of the confirmation bar.
Also in post 1 there is a schematic chart from which one may assume that the entry is at price-level close of the confirmation bar (price does not retrieve back to the low of the confirmtion bar or above).
I assume the entry should be taken at the low of the BOB or above. Is that correct?
Or are there conditions to take into consideration for one to take the entry right after the confirmation bar closes ?
Emma, In post 1 you outlined the V Pattern set-up. From the GBPJPY daily chart it appears one should take the entry at the pricel-level at low of the BOB or above. Not at the price-level at the close of the confirmation bar. Also in post 1 there is a schematic chart from which one may assume that the entry is at price-level close of the confirmation bar (price does not retrieve back to the low of the confirmtion bar or above). I assume the entry should be taken at the low of the BOB or above. Is that correct? Or are there conditions to take into...
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The entry can be after closing below/ above BOB
That is why Id like to divide my positions into 3 or 2
depending on the case and the large amount between SToploss area & closing of the confirmation
I think I got your point. You wait for a confirmation of break of low. That also explains why TheZenienss had so much losing trades - entry was too early.
Regarding this later entry it is statistically logical that the R:R than goes down because in general the consolidation corridor before a break is getting bigger, so the R:R shrinks.
I think for a valid backtest, someone should wait a few candles (Rule for example: wait for 10 candles) before enter the trade, so the corridor of is bigger and the borders for bears and bulls are set.
Of course some trades are gone than but it is a clear and easy rule and adapts to the "break below rule" from emma.
May be I will test it soon with these both different entrys. -if I have time. Thanks for clarifying!
Emma hey , first of all, thank you for this topic. very valuable information. so what is your comment on this? do you think this is a V ? thanks.. {image}
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This is way too short term, trading 1-min charts you will get many false positives.
I would stick to a minimum of H1 charts and higher time frames .. but it is up to you of course if you want to scalp 1-min charts, but I would not recommend this as this system is meant to be a fake break-out system at major points of reversal (double-top or double-bottom) setups.
{quote} Bu çok kısa vadeli, 1 dakikalık grafiklerle işlem yapmak birçok yanlış pozitif alacaksınız. Minimum H1 çizelgelerine ve daha yüksek zaman dilimlerine bağlı kalırdım .. ama 1 dakikalık çizelgeleri kafa derisine almak istiyorsanız elbette size kalmış, ancak bu sistemin sahte bir kırılma olması gerektiği için bunu tavsiye etmem. sistemi ters çevirme (çift üst veya çift alt) kurulumlarının ana noktalarında.
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Thanks for your suggestion, I saw the topic today and after reading all of them, I realized that I had a hard time finding V, all the formations seem like v to me right now. I really had a hard time understanding it, so I just wanted to ask what looks good in the 1-minute chart
Thank you bro.
Emma hey , first of all, thank you for this topic. very valuable information. so what is your comment on this? do you think this is a V ? thanks.. {image}
